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Bankruptcy Reorganization Chapter 11

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June 01, 2011

The Containership Company (TCC) A/S Files For Chapter 15

  • Debtor Name:  The Containership Company (TCC) A/S
  • Year Filed:  2011
  • Jurisdiction:  United States Bankruptcy Court / SD of NY
  • Asset Size:  Less than 10,000,000
  • Case Number:  11-12622
  • Industry:  Marine

The Copenhagen, Denmark -based Debtor is in the container shipping business.  In the United States, they are represented by Blank Rome LLP.

According to Court documents, "In recent months the Company's profit margin began to decline as it experienced a decrease in budgeted freight rates and increasing competition from Transpacific container liner operators, resulting in emptier sailings.  A number of the Company's customers failed to meet minimum quantity commitments.  To further worsen the problem, the Company was adversely effected by increased fuel prices".

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