Sea Containers posts $44.85 million January operating loss

By Caroline Salls

Pittsburgh, March 5 - Sea Containers Ltd. reported a $44.85 million operating loss for January on $2.45 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $1.69 million December operating loss on $576,334 in revenues.

The January net loss was $49.72 million, widening from a $5.03 million December net loss.

Cash and cash equivalents on Jan. 31 were $39.66 million, compared with $42.61 million at the end of December.

Sea Containers, a Hamilton, Bermuda-based provider of passenger and freight transport and marine container leasing, filed for bankruptcy on Oct. 15, 2006. Its Chapter 11 case number is 06-11156.

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