Guillaume Le Grand

Guillaume Le Grand is the founder of TransOceanic Wind Transport (TOWT), a French maritime company pioneering the use of sailing cargo ships for transatlantic transport between Normandy and America. TOWT aimed to provide a sustainable alternative to traditional shipping. The company is now newsworthy because it has been placed into liquidation judiciaire (judicial liquidation) by the economic court of Le Havre. This decision was influenced by factors including the imposition of tariffs by the Trump administration, which led to significantly reduced cargo loads, and rising fuel costs. The court has granted TOWT a one-month period to find a buyer. The company's financial difficulties highlight the challenges faced by businesses attempting to establish environmentally friendly shipping practices in a competitive global market.