Case Study: Container-Shipping Company achieves successful Chapter 11 restructuring with AlixPartners

Container-Shipping Industry - Customer Case Study

Container-Shipping Company was facing severe pressure from the container-shipping industry downturn, with shrinking demand, overcapacity, and rolling off above-market charter contracts causing cash flow to dwindle. As liquidity tightened, the company engaged AlixPartners to help evaluate strategic alternatives and guide a restructuring, including possible Chapter 11 preparation.

AlixPartners served as chief restructuring officer, building liquidity plans, preparing first-day bankruptcy motions, developing financial projections, and coordinating negotiations with lenders and legal counsel on a reorganization plan. The company kept operational control during Chapter 11, avoided major business disruptions, secured agreement from all secured lenders, and emerged from Chapter 11 in less than a year with ownership of most vessels and extended loan maturities.