Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Bermuda oil shipper files for Chapter 11 protection after ship seized

By Benjamin Clarke

03 February 2017

Bermuda oil shipper files for Chapter 11 protection after ship seized Offshore vessel iStock.com/Kanoke_46

After a month of negotiations in London, a Bermudian oil shipping services company and several of its international subsidiaries have filed for Chapter 11 protection in a New York court, following the arrest of one of its tankers in the Caribbean Netherlands in December.