ShippingWatch

Owner of container ships files for bankruptcy

Nautilus Holdings has filed for bankruptcy protection in New York in order to secure an agreement with the company's creditors.

Bermuda-registered Nautilus Holdings, which leases container ships, has filed for bankruptcy under the US Chapter 11 rules at a Manhattan court.

According to several media, the management of Nautilus - which owns 16 ships and has a debt of around USD 800 million - says that the company has several profitable charter contracts and that the purpose of filing for bankruptcy protection is to secure a negotiation with the company's creditors.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement inQ2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs