Sea Containers Ltd.
Announced that, in order to achieve a financial restructuring, Sea Containers
Ltd and two subsidiaries, Sea Containers Services Ltd
and Sea Containers Caribbean Inc, have voluntarily filed for protection under Chapter 11 of Title 11 of the United States Bankruptcy Code. The filings were made on October 15 in the U.S. Bankruptcy Court for the District of Delaware.
Other than the two subsidiaries listed above, no other subsidiary company within the group has filed for protection. Operating subsidiaries
such as Great North Eastern Railway (GNER), the U.K. rail operator, and the
SeaStreak ferry services in New Jersey, will continue their normal day to
day operations. GE SeaCo, the joint venture container leasing business, is