Marco Polo Seatrade seeks second extension to exclusive filing period

By Lisa Kerner

Charlotte, N.C., Dec. 20 - Marco Polo Seatrade BV requested a 30-day extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Dec. 20 filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its exclusive filing period to Feb. 17 from Jan. 17 and the solicitation period to April 18 from March 18.

Marco Polo Seatrade said it is "knocking at the doorstep" of a consensual restructuring plan that benefits the senior lenders and other constituents.

The court previously extended Marco Polo Seatrade's exclusive filing period to Jan. 17 from Nov. 28 and its solicitation period to March 18 from Jan. 27.

Marco Polo Seatrade, an Amsterdam-based vessel owner, filed for bankruptcy on July 29. The Chapter 11 case number is 11-13634.

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