TCR_Public/161119.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, November 19, 2016, Vol. 20, No. 323

                            Headlines

INTERNATIONAL SHIPHOLDING: Reports $2.04MM Net Loss in September
WARREN RESOURCES: Net Loss Widens to $6.71 Million in September

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INTERNATIONAL SHIPHOLDING: Reports $2.04MM Net Loss in September
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International Shipholding Corporation on Oct. 20, 2016, filed with
the U.S. Securities and Exchange Commission its monthly operating
report for September 2016.

The Debtor's statement of operations showed a net loss of $2.04
million on $14.37 million of total revenue for the month.

As of September 30, 2016, the Debtor listed total assets of $264.57
million, $30.06 million in total post-petition liabilities, $169.92
million in total pre-petition liabilities, and $64.58 million in
total shareholders' equity.

At the start of the month, the Debtor had $10.46 million cash.  It
listed total cash receipts of $53.44 million and a total
disbursements of $48.15 million.  At month end, the Debtor had
$15.75 million cash.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/XoHls5

               About International Shipholding

International Shipholding Corporation filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016. Its
affiliated Debtors also filed separate Chapter 11 petitions. The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP. The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.08 million and total
debts at $226.83 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1 appointed three creditors to serve on the
official committee of unsecured creditors of International
Shipholding Corporation. The Committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC as financial
advisor.



WARREN RESOURCES: Net Loss Widens to $6.71 Million in September
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Warren Resources, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for September
2016.

The Debtors reported a net loss of $6.71 million on $5.19 million
of revenue for the month, an increase from $5.27 million net loss
reported for August.

As of September 30, 2016, the Debtors posted total assets of
$91.57 million, total liabilities of $555.35 million, and -$463.78
million in total owners' equity.

The Debtors started the month with $12.03 million cash.  They
listed $5.79 million in total receipts and $10.18 million in
total disbursements.  Disbursements include $482,274 in
professional fees.  At month end, the Debtors had $7.64 million
cash.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/4xSjEm

                 About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on the
development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Proposed
Lead Case No. 16-32760) on June 2, 2016.  The Debtors listed total
assets of $230 million and total debt of $545 million.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur presided over the cases.



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Troubled Company Reporter is a daily newsletter co-published
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