Most recent

NYC Ferry operator Hornblower acquired by private equity firm after bankruptcy filing
NYC Ferry operator Hornblower acquired by private equity firm after bankruptcy filing

Feb. 22, 2024 By Ben Brachfeld

Hornblower Group, the cruise operator that operates the NYC Ferry system, has been acquired by a private equity firm after filing for bankruptcy — though the city says this will not impact ferry service.

The San Francisco-based company said Wednesday that the private equity firm Strategic Value Partners (SVP) would acquire a majority stake in the firm, injecting $121 million in financing to Hornblower coffers and reducing its overall debt load by $720 million.

The company filed for Chapter 11 bankruptcy protection in Texas and shut down its American Queen Voyages livery, which runs Mississippi River cruises using old-time paddlewheel steamboats.

More News

Crunching the Queens crime numbers: felony assaults across the borough on the rise, burglaries down slightly in northern Queens

Feb. 21, 2024 By Ethan Marshall

The number of felony assaults across Queens increased during the 28-day period from Jan. 22 through Feb. 18, compared to the same period of time last year, according to the latest crime stats released by the NYPD Tuesday. At the same time, the number of reported burglaries experienced a slight but noticeable drop in northern Queens.

Maspeth man faces life in prison for 2020 fatal stabbing in Dutch Kills: DA

A Maspeth man who was caught by transit cops vaping inside a Brooklyn subway station in January is facing as much as 75 years to life in prison for stabbing a Dutch Kills man to death four years ago.

Luis Hernandez, 36, of 56th Street, was arraigned Tuesday in Queens Supreme Court on a seven-count indictment charging him with murder, gang assault and other crimes in the fatal stabbing of a 21-year-old man and the attempted murder of two others in Astoria in 2020.

National Guard soldiers working at shelter in LIC thwart Flushing man from torching shop: FDNY

Feb. 15, 2024 By Bill Parry

A Flushing man is criminally charged with attempted arson and other crimes for trying to torch an auto repair shop in Long Island City late last month. Ping Huang, 37, of Blossom Avenue, was arraigned in Queens Criminal Court on Feb. 6 after he was seen trying to start a fire at the Frontline Collision shop at 51-27 35th St. in the Blissville section of LIC on Jan. 29.

QNS weekender: Six things to do in Queens this weekend

Feb. 9, 2024 By Aidan Pellegrino

If you enjoy a wide variety of music and entertainment, along with enjoying quality food, the Queens area is the perfect place for enjoying all of the different forms of entertainment in New York City. From poetry to music, there is plenty to do and enjoy this weekend.