SeaFrance lost EUR 240m last year.
The company is now in official judicial liquidation after the European Commission ruled that an injection of EUR 200m ($269m) from its owner, French state railway SNCF, would be illegal.
New offers to buy the operation must be lodged by 12 December.
Two bids are already on the table: one from a DFDS/LD Lines consortium, which has offered EUR 5m, and an employee cooperative that has offered a symbolic EUR 1.
DFDS and LD Lines would keep three of the four SeaFrance vessels, but chop 400 jobs.
Seafrance suspended sailings as it feared a sit-in if the DFDS/LD Lines offer had been accepted.
It would seem unlikely that the workers' cooperative bid will be accepted either.
Best Regards
John J.