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  • Writer's pictureSynergy Marine


Nautilus Holdings Limitedand Nautilus Holdings No. 2 Limited (together “Nautilus”), which together are a leading international, privately held owner of container ships, today announced the successful completion of the financial restructuring process and that Nautilus has emerged from Chapter 11 of the United States Bankruptcy Code. Nautilus’ Plan of Reorganization had the unanimous support of Nautilus’ lenders and other creditors.

As a result of the restructuring process, Andreas Papathomas, CEO of Nautilus, now owns 100 percent of Nautilus. Synergy Management Services Limited (“Synergy”) will continue to manage the vessels in the Nautilus fleet, including sourcing charters and providing financial management and oversight of the third-party technical management companies that handle ship management and crewing services on Nautilus’ behalf.

Andreas Papathomas, CEO of Nautilus said, “With the completion of the financial restructuring process, Nautilus is moving forward with a stronger foundation and enhanced financial flexibility, positioning it to drive growth and capitalize on future charter opportunities as the container shipping market continues to improve. Synergy will continue to manage the Nautilus fleet, and remains committed to supporting charter customers around the world and providing exceptional international shipping services. We thank our customers and vendors for their support throughout the process.”

Mr. Papathomas continued, “As our counsel Jay Goffman of Skadden Arps stated in Court, this restructuring is an extraordinary success. It is rare to achieve 100 percent consensus among creditors as Nautilus has done. We could not have achieved this result without the extraordinary efforts of the group’s advisors and its management team headed by, the CEO Mr. Papathomas. We thank them for their leadership and dedication.

“We are also extremely grateful to our lenders for their vision and desire to help Nautilus move forward successfully. We also thank Judge Drain for his guidance and Judge Farnan for his wisdom during our mediation. It is through the efforts of all these individuals that Nautilus was able to efficiently emerge from bankruptcy.”

Nautilus would like to thank, Skadden, Arps, Slate, Meagher & Flom LLP and G.Leontiou LLC, which have served as its legal advisors; AP Services, an affiliate of AlixPartners, which has served as restructuring advisor; Auld Partners Ltd which has served as CFO; and Blackstone Advisory Partners L.P., which has served as its financial advisor and investment banker

Additional information and court documents are available at a website that has been set up by the Company’s Claims Agent in the U.S. at

About Nautilus Holdings Limited

Nautilus, which comprises Nautilus Holdings Limited and Nautilus Holdings No. 2 Limited, is a leading international owner of container ships engaged in the seaborne transportation of containers worldwide. The Company’s charter customer base comprises a diverse group of container liner companies, including many of the largest such companies around the world.

#successstory #synergymarine #chapter11

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