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Genco Says Pact Reached With Lenders for Chapter 11 Filing

04/04/2014
Genco Shipping & Trading Ltd. (GNK), the operator of dry-bulk cargo ships, said it’s reached a

China-Pakistan new infrastructure plans could shorten tanker ton-mile demand from the Middle East Gulf to China

04/04/2014
Things are ever so susceptible to change in the tanker market, with the recent developments in terms of the China-Pakistan agreement to create an "economic corridor" between the two nations, being yet another factor, which could lead to changes in tanker demand. According to the latest weekly report from shipbroker Gibson, "Pakistan's President Hussain predicted

Goldenport Holdings: Annual Report 2013, Circular to Shareholders and Notice of AGM

04/04/2014
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of dry bulk and

Genco Shipping Says Definitive Debt Accord Needed by April 4

03/04/2014
Genco Shipping & Trading Ltd., the operator of dry-bulk cargo ships that’s seeking to avert bankruptcy,

Goldenport Holdings announces Sale of a Container Vessel and Trading Update

03/04/2014
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of dry bulk

Euronav sees improving conditions in VLCC and Suezmax tanker trades

03/04/2014
In a recent note, ship owner Euronav said that the tanker market for VLCCs and Suezmaxes could face improving conditions in the coming months and years. According to the company, the main reason for this is the diminishing orderbook. "Given the market for tankers in the past couple of years and the difficulties faced by most owners to secure financing, not many

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Two Fuel Efficient Kamsarmax Drybulk Carriers

02/04/2014
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and

Dry bulk shippping company Quintana files for a $100 million IPO

02/04/2014
Quintana Shipping, which owns and operates a fleet of nine drybulk vessels, filed this week with the SEC

Ship owners take a breather from newbuilding ordering activity

02/04/2014
Newbuilding ordering activity has slowed down over the course of the past week, in an indication that ship owners are looking to adopt a "wait-and-see" strategy", in terms of both the course of the freight market, as well as the pricing from shipyards. In its latest weekly report, shipbroker Golden Destiny noted orders for 27vessels, with a total deadweight of 1,416,900 tons,

Genco Shipping Says Still in Talks With Creditors to Restructure

01/04/2014
Genco Shipping & Trading Ltd. (GNK), the operator of dry-bulk cargo ships that’s trying to avert bankruptcy, said it’s still in talks with

Paragon Shipping Signs Commitment For The Financing Of Two Ultramax Newbuildings

01/04/2014
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that

A Sea Change in Shipping Finance

01/04/2014
Independent Greek shipowners over the last century have fine-tuned a business model in shipping – mostly focused on ownership and management of vessels - that’s enviably unique in the sense that it is an efficient and agile model that plays best to their comparative advantage over other types of shipowners. The preferred example of the ‘standard case’ to make money in

Cyrpus: ‘Leading role for shipping’

31/03/2014
The island’s shipping sector will have an important and leading role to play in the recovery of the economy, President Nicos Anastasiades said yesterday. Anastasiades

Product tanker market could face stress on heavy newbuilding deliveries

31/03/2014
Product tankers and more specifically MR2 class have been among the "darlings" of the tanker market over the past year or so. A positive demand outlook, coupled with low asset prices and healthy freight rate market attracted many ship owners, who saw an investment opportunity. Today, the tide seems to be shifting once again, as a series of new refinery projects,

Dry bulk market fundamentals looking better by the day, albeit not for every ship class

28/03/2014
With dry bulk tonnage oversupply, slowly but surely fading away, analysts are turning their eyes on the other side of the spectrum, aka demand. In a note this week, Commodore Research & Analysis noted that "data released from the Chinese government this week shows that domestic iron ore production in January and February totaled approximately 183.27 million tons.

Seanergy Maritime Holdings Reports Financial Results for the Fourth Quarter and Twelve Months of 2013

28/03/2014
Seanergy Maritime Holdings Corp. announced yesterday its financial results for the fourth

Safe Bulkers,Inc.Announces Collection of $36.3Mill Arbitration Award Proceeds in Relation to a Cancelled Capesize Vessel

27/03/2014
Safe Bulkers, Inc., an international provider of marine drybulk transportation

Ton-mile growth for the VLCC tanker market to occur only if tonnage supply is moderated

27/03/2014
The market for VLCCs is an ever changing one and while new routes are emerging and there is optimism for a projected rise in ton-mile demand, the supply side of the market needs a closer look and attention. In its latest report, Poten & Partners noted that the spate of newbuilding activity across different tanker sectors could be evidence that a lemming-like approach

Dryships Inc. Announces Closing of Ocean Rig UDW Inc.'s $500 Million of 7.25% Senior Notes Due 2019

26/03/2014
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum

Newbuilding ordering activity picks up pace on improving dry bulk market conditions

26/03/2014
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activity, in an attempt to take advantage of the -- still -- low prices, compared to the 2007-2008 highs. As a result, 2014 has so far proved to be the best year in terms of contracting activity, since 2008. Over the course of the past week,
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