Trico Marine $8.5 million vessel sale approved by bankruptcy court

By Caroline Salls

Pittsburgh, Oct. 6 - Trico Marine Services, Inc. received court approval of Trico Marine Assets, Inc. and Trico Marine International, Inc.'s sale of two vessels to NigerDelta Shipping Agency Ltd. for a total of $8.5 million, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The vessels being sold are the Spirit River and Truckee River.

Under the sale agreement, the sale must be completed by Oct. 8.

Trico, a marine services company based in The Woodlands, Texas, filed for bankruptcy on Aug. 25. The Chapter 11 case number is 10-12653.

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