One sign of just how
choppy the
waters have become:
Such seafaring companies as Marco Polo Seatrade and Omega Navigation Services (both represented by Bracewell & Giuliani) filed for bankruptcy in U.S. courts last year, only to be followed into insolvency by industry heavyweights General Maritime (Kramer Levin Naftalis & Frankel) and Trailer Bridge (DLA Piper and Foley & Lardner).