Bloomberg News

Marco Polo Seatrade Files for Bankruptcy in New York

July 29, 2011

(Updates with assets and debt in second paragraph.)

July 29 (Bloomberg) -- Marco Polo Seatrade BV, a manager of funds, trusts and foundations, filed for bankruptcy court protection in New York.

The Amsterdam-based company listed both assets and debt of $100 million to $500 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Manhattan.

Affiliates Seaarland Shipping Management BV, Magellano Marine CV and Cargoship Maritime BV also sought court protection.

Falm International Holding BV owns 100 percent of the equity of Marco Polo, court papers show.

The case is In re Marco Polo Seatrade BV, 11-bk-13634, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

--Editors: Charles Carter, Michael Hytha

To contact the reporter on this story: Dawn McCarty in Wilmington, Delaware, at dmccarty@bloomberg.net.

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net.


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