Excel Maritime plans to file for Chapter 11
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
bulker
STX Pan Ocean files for receivership
JUNE 7, 2013 — Dragged down by the continuing problems of the bulker market, Seoul and Singapore listed STX Pan Ocean Co., Ltd. filed for receivership in Seoul Central District Court today.
Stars align for Canadian laker fleet renewal
MAY 31, 2013 — Canada’s Great Lakes fleet is being rejuvenated with the addition of ships by three major carriers, Canada Steamship Lines (CSL), Algoma Central and Fednav. According to CSL President Rod
Breathalyzed bulker captain enters guilty plea
APRIL 11, 2013 — Valeriy Sharykin, 62, a Russian citizen, and captain of the 36,941 dwt, 24,167 grt, Maltese-flag bulker Adfines East, yesterday pleaded guilty to operating a commercial vessel under the
Frontline 2012 said to ink LOIs for bulker newbuilds
JANUARY 4, 2013 – So, you thought John Fredriksen’s Frontline 2012 was a tanker company? Korean shipbuilding website Asiasis says that Frontline 2012 has reportedly signed Letters of Intent to build up
Doubler plate repair lets bulker sail after collision
DECEMBER 14, 2012 — After a190-meter bulker suffered severe collision damage in Lagos, Nigeria, a large hole in the hull plating prevented the ship from sailing at full speed. The classification society
Britain’s oldest shipping company hauls down its flag
AUGUST 9, 2012 — Britain’s oldest shipping company has gone into liquidation. Newcastle-based Stephenson Clarke Shipping Ltd., founded in 1730, has fallen victim to the economic downturn. Founded when Ralph and Robert
Diana Shipping Panamax bulker gets Cargill time charter
JULY 11, 2012 —Athens-headquarterd Diana Shipping Inc. (NYSE: DSX), reports that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers,