Kelley Drye Represents Creditors of B+H Ocean Carriers in Bankruptcy Matter
Kelley Drye & Warren LLP has been retained as counsel to the Official Committee of Unsecured Creditors of B+H Ocean Carriers, Ltd. and its affiliated chapter 11 debtors. Partner Craig A. Wolfe and associate Benjamin Blaustein are handling this matter. B+H Ocean Carriers is the fifth maritime creditors’ committee engagement recently awarded to the firm. A Kelley Drye team led by Mr. Wolfe, who is the former head of a maritime company, has also represented the committees in Bender Shipbuilding & Repair Co., Inc. (Alabama), U.S. Shipping (New York), Derecktor Shipyards (Connecticut), and Hawaii Superferry (Delaware).
On May 30, 2012, B+H Ocean Carriers, Ltd. and certain of its affiliates, filed for chapter 11 bankruptcy relief in the United States Bankruptcy Court for the Southern District of New York. B+H Ocean Carriers is an international company that owns and operates, through subsidiaries, (i) a fleet of four product-suitable Panamax combination ships capable of transporting both wet and dry bulk cargoes, and (ii) a 50% interest in an additional combination carrier.
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