Struggling shipping company Excel Maritime Carriers (EXM -47.2%) is nearing a restructuring deal...

|About: Excel Maritime Carriers Ltd. (EXM)|By:, SA News Editor

Struggling shipping company Excel Maritime Carriers (EXM -47.2%) is nearing a restructuring deal with its lenders but could still file for Chapter 11 in the U.S., WSJ reports. EXM responds that its policy is not to comment on market rumors or press reports.