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Published on 8/24/2015 in the Prospect News Distressed Debt Daily.

Sobelmar Antwerp net loss grows to $87,090, revenue at $1.05 million

By Mark Reccek

Bethlehem, Pa., Aug. 24 – Sobelmar Antwerp NV reported a net loss of $87,090 for July on $1.05 million in net revenue, according to its monthly operating report filed Aug. 21 with the U.S. Bankruptcy Court for the District of Connecticut.

For June, Sobelmar posted a net loss of $37,567 on net revenue of $913,237.

The company also held $989,664 in cash and equivalents as of July 31, up from $894,891 as of June 30.

Sobelmar, a Brasschaat, Belgium-based worldwide seaborne transportation services company, filed for bankruptcy on March 17. The Chapter 11 case number is 15-20423.


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