Toisa files for Chapter 11 bankruptcy
JANUARY 30, 2017 — Toisa Limited and 23 of its affiliated vessel-owning companies announced today that it has filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the
bankruptcy
OSG and Itkin agree tax case settlements with SEC
JANUARY 23, 2017 — The Securities and Exchange Commission today charged tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) and its former chief financial officer Myles R. Itkin with failing to recognize
International Shipholding files for Chapter 11
AUGUST 1, 2016 — International Shipholding Corporation (OTCQX: ISHC) reports that it and 18 subsidiaries have each filed voluntary petitions for relief under Chapter 11 of title 11 of the United States
Signal International in $5 million settlement with EEOC
DECEMBER 19, 2015 — The U.S. Equal Employment Opportunity Commission (EEOC) reports that bankrupt Mobile, AL, headquartered shipbuilding and repair company Signal International, LLC will pay an estimated $5 million to 476
Court gives nod for Signal bankruptcy auction
SEPTEMBER 3, 2015 — The U.S. Bankruptcy Court for the District of Delware has given the go ahead for the sale of the assets of shipbuilder Signal International. Signal International filed for
OSG makes management changes
DECEMBER 21, 2014 — Tanker operator Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) announced several key management changes Friday as it continues to execute its strategy following emergence from bankruptcy in August 2014.
OW Bunker mess may bring claims on shipowners
NOVEMBER 10, 2014 — Shipowners who have recently taken bunkers from OW Bunker “should urgently review the situation with respect to the payment for the stem … because there could be potential
Captain Robert Johnston retires from OSG
AUGUST 12, 2014 — Last week’s news from Overseas Shipholding Group, Inc. (OTC:OSGIQ) was that it had emerged from Chapter 11 bankruptcy. This week’s is that President and CEO Captain Robert Johnston
Genco files for bankruptcy
APRIL 22, 2014 — Peter Georgiopoulos’s Genco Shipping & Trading Limited (NYSE: GNK), filed for bankruptcy yesterday. Mr. Georgiopopulos’s General Maritime Corp.filed for bankruptcy in November 2012. Its restructuring gave Oaktree Capital
CIT helps finance bankruptcy sale buy of Deiulemar bulkers
APRIL 15, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY