Palm Beach Princess owner files for bankruptcy protection

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Ocean Development LLC, the company that owns the Palm Beach Princess day cruise ship, has voluntarily filed for Chapter 11 bankruptcy protection.

Greg Karan, general manager of the Princess, told the <a href="http://www.palmbeachpost.com/news/palm-beach-princess-grounded-again-148247.html">Palm Beach Post</a> that the ship intends to continue normal operations during the bankruptcy period, but canceled sailings on Christmas because of crew issues and will not sail again until further notice.