CUSIP
No.
Y7169G109
|
13G
|
Page
2 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
King
Street Capital,
L.P.
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
656,052
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
656,052
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,052
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
|
CUSIP
No.
Y7169G109
|
13G
|
Page
3 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
King
Street Capital,
Ltd.
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin
Islands
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
1,343,948
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
1,343,948
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,343,948
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
|
CUSIP
No.
Y7169G109
|
13G
|
Page
4 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
King
Street Advisors,
L.L.C.
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
656,052
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
656,052
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,052
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
|
CUSIP
No.
Y7169G109
|
13G
|
Page
5 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
King
Street Capital Management,
L.L.C.
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
2,000,000
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
2,000,000
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
|
CUSIP
No.
Y7169G109
|
13G
|
Page
6 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of
America
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
2,000,000
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
2,000,000
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
|
CUSIP
No.
Y7169G109
|
13G
|
Page
7 of 12
Pages
|
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
2
|
CHECK
THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(a)
o
(b)
x
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of
America
|
NUMBER
OF
SHARES
|
5
|
SOLE
VOTING POWER
0
|
BENEFICIALLY
OWNED
BY
|
6
|
SHARED
VOTING POWER
2,000,000
|
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
0
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
2,000,000
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000
|
10
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE
INSTRUCTIONS)
o
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5%
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
|
Item
1.
(a)
|
Name
of
Issuer
|
|
|
|
Quintana
Maritime Limited (the “Issuer”).
|
|
|
Item
1. (b)
|
Address
of Issuer’s Principal
Executive Offices
|
|
|
|
c/o
Quintana Management LLC
Attention:
Vassilis Koutsolakos
Pandoras
13 & Kyprou Street
166
74 Glyfada
Greece
|
|
|
Item
2. (a)
|
Name
of Person
Filing
|
|
|
This
Schedule 13G is being jointly filed by King Street Capital, L.P. (“KSC L.P.”),
King Street Capital, Ltd. (“KSC Ltd.”), King Street Advisors, L.L.C. (“KSA”),
King Street Capital Management, L.L.C. (“KSCM”), O. Francis Biondi, Jr. and
Brian J. Higgins. KSC L.P., KSC Ltd., KSA, KSCM and Messrs. Biondi
and Higgins are collectively referred to herein as the “Reporting
Persons”.
Item
2. (b)
|
Address
of Principal Business
Office or, if None, Residence
|
|
|
|
The
principal business address of KSC Ltd. is:
|
|
|
|
c/o
Codan Trust Company (B.V.I.) Ltd.
Romasco
Place, Wickhams Cay 1
P.O.
Box 3140
Road
Town, Tortola
British
Virgin Islands VG1110
|
|
|
|
The
principal business address of each of the other Reporting Persons
is:
|
|
|
|
65
East 55
th
Street
30
th
Floor
New
York, New York 10022
|
|
|
Item
2. (c)
|
Citizenship
|
|
|
Messrs.
Biondi and Higgins are both United States citizens. KSC Ltd. is a
company organized under the laws of the British Virgin Islands. Each
of the other Reporting Persons is organized under the laws of the State of
Delaware, U.S.A.
Item
2. (d)
|
Title
of Class of
Securities
|
|
|
|
Common
Stock, par value $0.01 per share (“Common Stock”)
|
|
|
Item
2. (e)
|
CUSIP
Number
|
|
|
|
Y7169G109
|
|
|
Item
3.
|
If
this statement is filed
pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing
is a:
|
|
|
|
(a) [
] Broker or dealer registered under Section 15 of the
Act
|
|
|
(b) [
] Bank as defined in Section 3(a)(6) of the Act
(c) [
] Insurance Company as defined in Section 3(a)(19) of the
Act
(d) [
] Investment Company registered under Section 8 of the Investment
Company Act of 1940
(e) [
] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E)
(f) [
] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; see Rule 13d- 1(b)(1)(ii)(F)
(g) [
] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G)
(h) [
] Savings Associations as defined in Section 3(b) of the Federal
Deposit Insurance Act
(i) [
] Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of
1940
(j) [
] Group, in accordance with Rule
13d-1(b)(1)(ii)(J)
KSC
L.P.
KSC L.P. may be deemed to beneficially own, and to
share voting and dispositive power over, 656,052 shares of Common Stock held
by
it. These shares represent 1.1% of the total outstanding shares of
Common Stock.
KSC
Ltd.
KSC Ltd. may be deemed to beneficially own, and to share
voting and dispositive power over, 1,343,948 shares of Common Stock held
by
it. These shares represent 2.3% of the total outstanding shares of
Common Stock.
KSA
. Because
KSA is the General Partner of KSC L.P., KSA may be deemed to beneficially
own,
and to share voting and dispositive power over, the 656,052 shares of Common
Stock held by KSC L.P. These shares represent 1.1% of the total
outstanding shares of Common Stock.
KSCM
. Because
KSCM has been delegated certain investment advisory responsibilities by KSA
on
behalf of KSC L.P. and is also the investment manager of KSC Ltd., KSCM may
be
deemed to beneficially own, and to share voting and dispositive power over,
the
2,000,000 shares of Common Stock held by KSC L.P. and KSC Ltd. These
shares represent 3.5% of the total outstanding shares of Common
Stock.
O.
Francis Biondi,
Jr
. Because Mr. Biondi is a Managing Member of both KSA and
KSCM, Mr. Biondi may be deemed to beneficially own, and to share voting and
dispositive power over, the 2,000,000 shares of Common Stock held by KSC
L.P.
and KSC Ltd. These shares represent 3.5% of the total outstanding
shares of Common Stock.
Brian
J.
Higgins
. Because Mr. Higgins is a Managing Member of
both KSA and KSCM, Mr. Higgins may be deemed to beneficially own, and to
share
voting and dispositive power over, the 2,000,000 shares of Common Stock held
by
KSC L.P. and KSC Ltd. These shares represent 3.5% of the total
outstanding shares of Common Stock.
Because
of the relationships described above, the Reporting Persons may be deemed
to
constitute a “group” within the meaning of Rule 13d-5 under the Securities
Exchange Act of 1934, and as such, each member of the group would be deemed
to
beneficially own, in the aggregate, all of the shares of the Common Stock
held
by members of the group. The Reporting Persons do not admit that they constitute
a group within the meaning of Rule 13d-5.
The
share numbers referenced above are
as of December 31, 2007. The percentages of the outstanding shares of
Common Stock referenced above was calculated based on 57,631,110 shares of
Common Stock outstanding as of November 1, 2007, as reported by the Issuer
in
its Quarterly Report on Form 10-Q for the quarter ended September 30,
2007.
Item
5.
|
Ownership
of Five Percent or
Less of a Class.
|
If
this
statement is being filed to report the fact that as of the date hereof the
Reporting Persons have ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
[x].
Item
6.
|
Ownership
of More than Five
Percent on Behalf of Another Person
|
|
|
|
Not
applicable.
|
|
|
Item
7.
|
Identification
and
Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company or Control
Person
|
|
|
|
Not
applicable.
|
|
|
Item
8.
|
Identification
and
Classification of Members of the Group
|
|
|
|
Not
applicable.
|
|
|
Item
9.
|
Notice
of Dissolution of
Group
|
|
|
|
Not
applicable.
|
|
|
Item
10.
|
Certification
|
|
|
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer
of
the securities and were not acquired and are not held in connection with or
as a
participant in any transaction having that purpose or effect.
SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned
certify that the information set forth in this statement is true, complete
and
correct.
Dated: February
14, 2008
|
KING
STREET CAPITAL,
L.P.
By: King
Street Advisors, L.L.C.,
Its
General Partner
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
Managing
Member
|
|
KING
STREET CAPITAL,
LTD.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
Director
|
|
KING
STREET ADVISORS,
L.L.C.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
|
|
KING
STREET CAPITAL MANAGEMENT,
L.L.C.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
|
|
/s/
O. Francis Biondi, Jr.
|
|
|
O.
FRANCIS BIONDI,
JR.
|
|
|
|
|
|
|
|
|
/s/
Brian J. Higgins
|
|
|
|
|
EXHIBIT
A
The
undersigned King Street Capital,
L.P., King Street Capital, Ltd., King Street Advisors, L.L.C., King Street
Capital Management, L.L.C., O. Francis Biondi, Jr. and Brian J. Higgins hereby
agree and acknowledge that the information required by this Schedule 13G, to
which this Agreement is attached as an exhibit, is filed on behalf of each
of
them. The undersigned further agree that any further amendments or
supplements thereto shall also be filed on behalf of each of them.
Dated: February
14, 2008
|
KING
STREET CAPITAL,
L.P.
By: King
Street Advisors, L.L.C.,
Its
General Partner
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
Managing
Member
|
|
KING
STREET CAPITAL,
LTD.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
Director
|
|
KING
STREET ADVISORS,
L.L.C.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
|
|
KING
STREET CAPITAL MANAGEMENT,
L.L.C.
|
|
By:
|
/s/
BRIAN J. HIGGINS
|
|
Name:
|
Brian
J. Higgins
|
|
Title:
|
|
|
/s/
O. Francis Biondi, Jr.
|
|
|
O.
FRANCIS BIONDI,
JR.
|
|
|
|
|
|
|
|
|
/s/
Brian J. Higgins
|
|
|
|
|