Dry Bulk Shipper Global Maritime Enters Bankruptcy

Global Maritime Investments Cyprus Ltd., a dry bulk shipper, filed for chapter 11 protection in New York Tuesday to wind down amid an industry downturn. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

The owner of a U.S. Virgin Islands oil refinery that is partially owned by Hess Carp. Filed for chapter 11 protection as part of a plan to sell its assets, DBR reports in WSJ.

DBR reports via WSJ on a U.S. judge’s dismissmal of resort project Baha Mar Ltd’s chapter 11 filing

Alpha Natural Resources made deals with creditors so it can push through its $692 million bankruptcy loan, DBR reports via WSJ.

Newsday reports on the delay from Great Atlantic & Pacific Tea Co. in auctioning its stores.

Stephen Lubben discusses via DealBook about how the quest for yield will affect chapter 11 bankruptcies.

(And don’t forget to check out our blog post on a debate over defunct retailer USA Discounters’ bankruptcy venue.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa