AmericasContainersDry CargoTankers
Taxman among raft of parties objecting to International Shipholding’s restructuring plan
A slew of creditors plus the US taxman have objected to International Shipholding’s restructuring plan in recent days, likely putting a hold to fellow American OSV firm, Seacor Capital Corp’s plans to buy out the majority of the bust firm’s business.
As well as the Internal Revenue Service, other entities who have filed objections include an agency business, an insurance firm and a range of financiers.
International Shipholding sought bankruptcy protection last July, hit with debts of more than $220m.