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Company History: CAST was a Belgium based logistics company which operated between Montreal and Antwerp. In 1982 it was on the verge of bankruptcy because of a downturn in the world economy, depressed bulk shipping rates and the cost of acquiring three new Korean-built vessels valued at $180 million. It was rescued from bankruptcy by a $200-million package backed by the Bank of Montreal and the Royal Bank.
Item created by: gdm on 2017-10-19 10:36:01. Last edited by gdm on 2017-10-19 10:39:23
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