- Reuters•2 years ago
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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Yang Ming Marine Transport CorporationTaiwan
|52wk Range||7.29 - 11.40|
|Day's Range||7.29 - 7.42|
|Avg Vol (3m)||3,809,406|
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