July 29 Marco Polo Seatrade BV, a ship owning
company, said it filed a petition for protection from creditors
under Chapter 11 in the U.S. bankruptcy court of Manhattan.
The company listed both assets and liabilities in the $100
million to $500 million range.
Affiliates Seaarland Shipping Management BV, Cargoship
Maritime BV and Magellano Marine CV also sought court
protection, the company said.
Holding and finance company Falm International Holding BV
owns 100 percent of the equity of Marco Polo, according to
The case is In re: Marco Polo Seatrade BV, U.S. Bankruptcy
Court, District of Manhattan, No. 11-13634-jmp.
(Reporting by Divya Sharma in Bangalore; Editing by Richard
(firstname.lastname@example.org; within U.S. +1 646 223 8780;
outside U.S. +91 80 4135 5800; Reuters Messaging: