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Published on 8/11/2011 in the Prospect News Distressed Debt Daily.

Marco Polo Seatrade official unsecured creditors committee appointed

By Caroline Salls

Pittsburgh, Aug. 11 - Marco Polo Seatrade BV's official committee of unsecured creditors was appointed Thursday by U.S. Trustee Tracy Hope Davis, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.

The committee members are Manfred Quade of Deutshce Schiffsbank AG of Hamburg, Germany; Herbert Sacksteder of DS-Randite Fonds Nr. 123 DS Sapphire GmbH & Co. Tankesechiff KG of Dortmund, Germany; and Alessandro Angelon of Ligabue Catering of Italy.

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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