UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~March~~June 1830, 2011 (~~March~~June 1024, 2011)

III to I Maritime Partners Cayman I, L.P.

(Exact name of Registrant as specified in its charter)

Cayman Islands	000-53656	98-0516465
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

5580 Peterson Lane Suite 155 Dallas, Texas		75240
(Address of principal executive offices)		(Zip Code)

(972) 392-5400

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

In accordance with the Securities and Exchange Commission’s (“SEC”) “Plain English” guidelines, this Current Report on Form 8-K (this “Form 8-K”) has been written in the first person. In this document, the words “we,” “our,” “ours” and “us” refer only to III to I Maritime Partners Cayman I, L.P. and its consolidated subsidiaries or to III to I Maritime Partners Cayman I, L.P. or an individual subsidiary and not to any other person.

~~Event~~Item of1.01 Entry ~~Default~~into a Material Definitive Agreement

~~Due~~The toinformation aincluded ~~current lack of liquidity partially caused by the unrest in Egypt as described~~ below, ~~we failed to make certain quarterly payments otherwise due on March 10 and March 14, 2011~~ under ~~our~~Item ~~Loan,~~2.01 ~~Guarantee~~concerning ~~Facility~~the ~~and Credit Facility~~ Agreement ~~entered into~~ on ~~December 19, 2008 (the “Senior~~ Loan”) ~~with~~Agreements ~~Norddeutsche Landesbank Girozentrale (“Nord/LB”). The proceeds of the Senior Loan were used primarily for the acquisition~~ and ~~delivery~~Transfer of ~~our~~Shares ~~nine~~is ~~anchor-handling~~incorporated ~~tug supply (“AHTS”) vessels plus the three AHTS vessels purchased~~ by ~~our~~reference affiliate, Family Legacy Trust Company (“FLTC Fund I”). The 12 ships serve individually and collectively as the collateral for the Senior Loan, and the AHTS SPVs have joint and several liability. The amounts due were payable by ATL Offshore GmbH & Co. “Isle of Amrum” KG (“Amrum KG”) and ATL Offshore GmbH & Co. “Isle of Wangerooge” KG (“Wangerooge KG”), two of our SPVs owning an AHTS vessel and co-borrowers under the Senior Loan. The missed payments totaled approximately $2,030,126 (EUR 1,460,313) (the “Overdue Payments”). The total obligation to Nord/LB under the Senior Loan and the Working Capital Facility Agreement entered into ~~with Nord/LB on December 6, 2010 (collectively, the “Nord/LB Loans”) is approximately $539,518,641 (EUR 386,253,323) as of the date of~~ this ~~Form~~Item ~~8-K~~1.01.

~~Pursuant~~Item to letters from Nord/LB which were received by Amrum KG on March 14, 2010 and by Wangerooge KG on March 17, 2010 (the “Default Letters”), Nord/LB notified us of the events of default under the Senior Loan resulting from the Overdue Payments, and indicated that they intend to charge us the default interest rate on the Overdue Payments of an additional two percent (2~~%) per annum over the currently applicable interest rates under each of the loans for which a payment was missed~~. ~~Under~~01 Completion ~~the~~Of ~~Nord/LB~~Acquisition ~~Loans~~Or ~~upon~~Disposition anOf event of default, Nord/LB has the right to declare the entire amount of the Nord/LB Loans to be immediately due and payable by written notice to us. However, as of the date of this Form 8-K, Nord/LB has not notified us of any such intent to accelerate the amounts outstanding under the Nord/LB Loans.Assets

InSuresh ~~addition~~Capital toMaritime ~~the~~Partners ~~Overdue Payments~~Germany, ~~there~~GmbH ~~are~~(our ~~other~~“German ~~payments~~Subsidiary”) ~~due~~entered ininto ~~the~~an ~~near~~Agreement ~~future~~on ~~which~~Loan weAgreements ~~may~~and ~~not~~Transfer ~~have~~of ~~sufficient~~Shares ~~funds~~(the to“Agreement”) ~~make~~with onReederei aHartmann ~~timely~~GmbH ~~basis~~& Co. As, aKG ~~result,~~(“RHKG”) weand ~~are~~Captain ~~working~~Alfred toHartmann ~~resolve~~(“Capt. ~~our~~Hartmann”), ~~immediate~~wherein ~~cash~~our ~~flow~~German ~~issues~~Subsidiary ~~partially~~agreed ~~caused~~to bytransfer ~~the~~its ~~financial~~75% ~~unrest~~interest in ~~Egypt~~three ~~and~~of ~~continue~~its tosingle ~~pursue~~purpose ~~alternative~~entities ~~sources~~(“SPVs”), each of ~~liquidity~~which ~~through~~holds ~~the~~an ~~issuance~~anchor ofhandling ~~debt~~tug orsupply ~~equity~~(“AHTS”) ~~securities~~vessel orand ~~otherwise. However,~~the ~~there~~related ~~can~~acquisition bedebt no(each ~~assurances~~an ~~that~~“AHTS weSPV”), ~~will~~and bea ~~able~~portion toof ~~raise~~its ~~any~~interest ~~such~~in ~~additional~~one ~~funds~~AHTS onSPV, ~~terms~~to ~~acceptable~~RHKG toand usits oraffiliate atHartmann ~~all. In~~Offshore ~~this~~GmbH ~~regard~~& Co., weKG ~~are~~(“Hartmann ~~currently~~Offshore”) ~~negotiating~~in ~~with~~complete ~~Nord/LB~~satisfaction toof ~~defer~~certain ~~some~~loans ~~principal~~from ~~payments~~RHKG ~~under~~and ~~the~~Capt. ~~Nord/LB~~Hartmann, ~~Loans~~the orrelated ~~otherwise~~interest ~~resolve~~on the ~~Overdue Payments. However~~loans, ~~there~~as ~~can~~well beas nocertain ~~assurances~~expenses ~~that~~related ~~Nord/LB~~to ~~will~~the ~~agree~~loans. The toAgreement ~~any~~was ~~such~~fully ~~deferrals~~executed oron ~~that~~June we24, ~~will~~2011, beand ~~able to~~is ~~resolve~~economically ~~our~~effective ~~liquidity~~on ~~concerns~~July to1, ~~enable~~2011. The usAHTS toSPV ~~repay~~in ~~the~~which ~~Overdue~~a ~~Payments~~portion inof ~~the~~our ~~near~~interest ~~future~~was ortransferred atis ~~all~~ATL Offshore GmbH & Co. In ~~the~~“Isle ~~event~~of ~~Nord/LB~~Wangerooge” ~~were~~KG to(“Isle ~~accelerate~~of ~~all~~Wangerooge”). The AHTS SPVs of which our ~~indebtedness~~German ~~under~~Subsidiary ~~the~~transferred ~~Nord/LB~~its ~~Loans~~75% interest, wewhich ~~would~~represents bethe ~~unable~~transfer toof ~~repay~~our ~~such~~entire ~~amounts~~interest, ~~and~~are beATL ~~subject~~Offshore toGmbH ~~the~~& ~~remedies~~Co. ~~available~~“Isle toof ~~Nord/LB~~Baltrum” ~~under the agreements~~KG, ~~which~~ATL ~~include~~Offshore ~~among~~GmbH ~~other~~& ~~remedies~~Co ~~the~~“Isle ~~right~~of toLangeoog” ~~foreclose~~KG, onand ~~the~~ATL ~~vessels~~Offshore ~~pursuant~~GmbH to& ~~the~~Co. ~~mortgages~~“Isle onof ~~the~~Amrum” ~~vessels~~KG ~~entered~~(collectively ~~into~~with inIsle ~~connection~~of ~~with~~Wangerooge, the ~~agreements~~“Transferred AHTS SPVs”).

~~Unrest~~The consideration received for the interests in ~~Egypt~~the Transferred AHTS SPVs consists of recognition of repayment of all amounts outstanding under the loan agreements and related interest, as well as recognition of our payment of certain expenses related to the loans, for total consideration of $47,577,410 (EUR 33,378,287). The loans include four loan agreements entered into between our German Subsidiary and RHKG during February and March 2010 under which a total of $31,604,334 (EUR 22,780,000) was loaned for the purpose of making capital contributions to the Transferred AHTS SPVs. Additionally, in June 2010, our German Subsidiary entered into one loan agreement with Capt. Hartmann, under which $8,147,896 (EUR 6,620,000) was loaned for the purpose of our making contributions to three additional AHTS SPVs, bringing the total amount loaned from RHKG and Capt. Hartmann to $39,752,230 (EUR 29,400,000). The loans bear interest of 6% annually, which originally fell due on the anniversary date of each loan, and has since been extended through July 1, 2011 to coincide with the effective date of the Agreement. The amount of interest accrued on the loans through July 1, 2011 will total $3,412,274 (EUR 2,393,906). The expenses related to the loan agreements to be borne by our German Subsidiary total $2,258,377 (EUR 1,584,381). These amounts total $47,577,410 (EUR 33,378,287), and represent the purchase price for the Transferred AHTS SPVs under the Agreement. The amount of interest transferred in the Transferred AHTS SPVs via the Agreement is equal to the capital contribution originally made by our German Subsidiary for the respective interests.

InThe ~~March 2009, we entered into an agreement (“AHTS Pool~~ Agreement”) toincludes ~~participate in a revenue pool comprised of our nine AHTS SPVs and~~ the ~~three~~assignment ~~AHTS SPVs owned~~ by ~~our affiliate, FLTC Fund I~~Capt. ~~Under~~ ~~the~~Hartmann ~~AHTS Pool Agreement, each~~ of ~~these~~all ~~twelve~~claims ~~AHTS~~related ~~SPVs has agreed~~ to ~~pool~~the ~~its~~loans ~~returns~~against ~~from~~our ~~employment~~German ofSubsidiary ~~its~~to ~~vessel~~RHKG ~~less~~and ~~voyage~~the ~~expenses~~assignment ~~with~~by ~~the~~RHKG ~~other~~of ~~members~~certain of the ~~pool~~claims to ~~achieve~~Hartmann anOffshore ~~even~~to ~~distribution~~facilitate of the ~~risks~~allocation ~~resulting from the fluctuation in the offshore chartering business. Currently, four~~ of the Transferred AHTS ~~vessels~~SPVs inbetween ~~the~~RHKG ~~pool, three of which are ours~~ and ~~one~~Hartmann ~~of which belongs to FLTC Fund I, are chartered to companies with substantial ties to Egypt~~Offshore. ~~The~~Both ~~recent~~Hartmann ~~political~~Offshore and ~~civil~~RHKG ~~unrest~~held ininterest ~~Egypt has led to substantial financial uncertainty~~ in ~~Egypt and affected~~ the ~~timeliness~~ ofAHTS ~~payments~~SPVs ~~under~~prior ~~each of these charters. Continued unrest could lead~~ to ~~further~~their ~~instability~~entry ininto the business climate in Egypt, causing further delays in payments and/or potentially leading to disruption of these charters, which could materially affect the utilization of our fleet leading to significant operating losses and cause additional liquidity concernsAgreement.

InThe ~~Egypt,~~Agreement ~~Brazil,~~has ~~Australia~~the ~~and~~effect ~~other~~of ~~areas~~bringing inour ~~which~~interest ~~we operate or may operate~~ in the ~~future,~~AHTS ~~the~~SPVs ~~oil~~from ~~companies~~a ~~for~~75% ~~whom~~interest wein ~~are~~nine ~~ultimately~~AHTS ~~hired~~SPVs to ~~perform~~a ~~services~~75% ~~typically~~interest ~~require~~in usfive toAHTS ~~enter~~SPVs, ~~into~~and ~~charter~~an ~~agreements~~interest ~~with~~of ~~third-party~~approximately ~~intermediaries~~36% ~~located~~ in ~~the~~Isle ~~respective area~~ of ~~operations~~Wangerooge. The ~~oil~~Agreement ~~company~~results ~~pays the third-party intermediary, who~~ in ~~turn~~satisfaction ~~pays our AHTS SPV for the work performed. In Egypt, all~~ of ~~our~~loans ~~charters~~payable ~~are~~and ~~each~~accrued ~~contracted~~expenses ~~with~~totaling ~~local~~$47, ~~third-party intermediaries. While these intermediaries sometimes provide benefits~~577,410 ~~such~~(EUR ~~as familiarity with local business practices~~33, ~~during this time of unrest in Egypt~~378, ~~the presence of these locally-based~~287), ~~third-party~~which ~~intermediaries~~is ~~has~~the ~~resulted~~purchase inprice ~~additional~~received ~~complexity~~for ~~and~~the ~~led~~interest ~~and may continue to lead to additional delays~~ in ~~collections~~ ofthe ~~amounts~~Transferred ~~receivable~~AHTS ~~from such parties~~SPVs.

Note Regarding Currency Conversion

Our functional currency is the U.S. dollar. However, the functional currency of our AHTS SPVs is the Euro. All amounts are stated in U.S. dollars (“USD”), and where the amount relates to an AHTS SPV, the amount has been translated to Euros (“EUR”) following the USD amount. Amounts related to future payments which are payable in EUR have been stated in USD and translated using the exchange rate as of June 24, 2011, the date of full execution of the Agreement. Amounts shown in narrative statements related to payments made in the past have been translated using the exchange rate on the date the transaction occurred.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number

Description

10.1

Agreement on Loan Agreements and Transfer of Shares by and among Suresh Capital Maritime Partners Germany GmbH, Reederei Hartmann GmbH & Co. KG, Capt. Alfred Hartmann, ATL Offshore GmbH & Co. “Isle of Baltrum” KG, ATL Offshore GmbH & Co. MS “Juist” KG, ATL Offshore GmbH & Co. MS “Norderney” KG, ATL Offshore GmbH & Co. “Isle of Langeoog” KG, ATL Offshore GmbH & Co. “Isle of Amrum” KG, ATL Offshore GmbH & Co. “Isle of Sylt” KG, ATL Offshore GmbH & Co. “Isle of Wangerooge” KG, ATL Offshore GmbH & Co. “Isle of Neuwerk” KG, ATL Offshore GmbH & Co. “Isle of Usedom” KG, ATL Offshore GmbH, UOS United Offshore Support GmbH & Co. KG, and Hartmann Offshore GmbH & Co. KG

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

III to I Maritime Partners Cayman I, L.P. (Registrant) By: III to I International Maritime Solutions Cayman, Inc. Its General Partner By: /s/ Jason M. Morton Jason M. Morton Director and Chief Financial Officer (Duly authorized to sign this report on behalf of the Registrant)

	III to I Maritime Partners Cayman I, L.P.
	(Registrant)

	By:	III to I International Maritime Solutions Cayman, Inc.
		Its General Partner
	By:	/s/ Jason M. Morton
		Jason M. Morton
		Director and Chief Financial Officer
		(Duly authorized to sign this report on behalf of the Registrant)
Date: June 30, 2011

~~Date: March~~EXHIBIT ~~18, 2011~~INDEX

Exhibit Number

Description

10.1

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