Rig firm Seadrill risks Chapter 11 bankruptcy

Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with its lenders, sending its shares down 14 percent.

Bunkers International Corp files for Chapter 11 bankruptcy protection

Florida-headquartered Bunkers International Corp has filed for Chapter 11 bankruptcy protection, which it blamed on primary lender ceasing to support the company. ...

Excel Maritime Creditors Say Rival Chapter 11 Plan in Works

Creditors of Excel Maritime Carriers Ltd. say bondholders are preparing a rival turnaround plan for the shipping company, which has pledged itself to a bank-backed Chapter 11 plan.

STX Pan Ocean Files Chapter 15 Bankruptcy in New York

STX Pan Ocean Co. (028670), South Korea’s biggest commodities shipping line, filed for Chapter 15 bankruptcy...