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
FEBRUARY 19, 2014 — In an SEC filing, Peter C. Georgiopoulos-led dry bulk specialist Genco Shipping & Trading Limited disclosed that it did not make the scheduled semi-annual interest payment of approximately
OCTOBER 14, 2013 — A. U.S. court has told banks in Taiwan and other creditors of Nobu Su’s TMT shipping operation that they should help the company stay afloat. Maquarie Bank, the
SEPTEMBER 18, 2013 — Nobu Su’s Taiwan headquartered TMT said today that an appellate court in Houston, Texas, has rejected an attempt by Taiwanese banks to revisit the bankruptcy court’s ruling that
AUGUST 25, 2013 — Nobu Su’s Taiwan headquartered TMT said today that vehicle exporters in Africa, European and China are facing losses as a result of legal action by banks that have
JULY 2, 2013 — Athens headquartered bulker operator Excel Maritime Carriers Ltd. has now gone ahead with the Chapter 11 bankruptcy filing that it said it planned in a form 6K filed
JUNE 26, 2013 — A judge in a U.S. Court has ruled that banks in Taiwan seeking to put pressure on shipowner Nobu Su’s TMT must allow cash to be used to
JUNE 17, 2013 — “Market equilibrium remains out of balance, and risks remain for the maritime sector,” says Christopher Frampton, Partner and Global Head of the Asset Finance Practice of law firm
JUNE 11, 2013 — In a form 6K filed with the SEC today, bulker operator Excel Maritime Carriers Ltd. (NYSE: EXM), reports that it is proposing to file a joint prepackaged Chapter
APRIL 5, 2013 — Myles R. Itkin is out as Executive Vice President, Chief Financial Officer and Treasurer of battered tanker giant Overseas Shipholding Group, Inc., which has been in Chapter 11