Marco Polo Seatrade gets second extension to exclusive filing period

By Jim Witters

Wilmington, Del., Jan. 5 - Marco Polo Seatrade BV received a 30-day extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to documents filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

The extensions move the deadline for filing a Chapter 11 plan to Feb. 17 from Jan. 17 and the deadline for soliciting acceptances of that plan to April 18 from March 18.

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

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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