Yang Ming Marine Transport Corporation
7.31-0.08 (-1.08%)
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Prev Close7.39
Bid7.31 x
Ask7.32 x
52wk Range7.29 - 11.40
Day's Range7.29 - 7.42
Avg Vol (3m)3,809,406
As of 1:30 AM EDT. Market closed.
  • Reuters2 years ago

    Shipping company Nautilus files for U.S. bankruptcy

    Nautilus Holdings Ltd, a Bermuda-chartered company that leases container ships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry. The company has about $770 million in debt, according to papers filed late Monday with the U.S. Bankruptcy Court in Manhattan. Nautilus said it had some profitable charter contracts and believed it was well-positioned to restructure its obligations, but it filed for bankruptcy protection to bring creditors into a single forum for negotiations. The company, with offices in New York and Hong Kong, has a fleet of 16 container ships with capacities of up to 7,000 twenty-foot containers.

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