According to the U.S. Bankruptcy Court docket, Limassol, Cyprus-based filed for Chapter 15 protection in the Southern District of New York, case number 15-10246. The Company, which transports liquid natural gas and oil and operates principally in the territorial waters of the United States, including New York harbor, is represented by Jeoffrey T. Raicht of Proskauer Rose. B. Endeavour Shipping Company Limited’s sole asset is a 62,000 deadweight tonnage Panamax Tanker named “Ice Base.”
The Company, a wholly-owned subsidiary of Cyprus-based Baltic Tankers Holding Ltd, previously commenced an insolvency proceeding pursuant to English Law’s Insolvency Act of 1986 and an administrator was appointed. Endeavour Shipping Company Limited’s Chapter 15 petition indicates total assets greater than $100 million. Read more bankruptcy news.