A U.S. marine transportation company that pleaded for the Trump administration to protect its industry filed for bankruptcy on Wednesday, according to court records, the latest sign of struggles in the offshore energy services business, Reuters reported. Louisiana-based Harvey Gulf International Marine LLC, which has more than 50 vessels in its fleet and supplies offshore oil rigs among other services, filed for chapter 11 protection in Houston. The company said in court papers that it had more than $1 billion in debt and has an agreement with lenders to reduce what the company owes. In return lenders would receive the equity in the company when it exits bankruptcy. Other creditors such as suppliers will be paid in full.
