Peter Georgiopolous steps down as Genco Chairman
OCTOBER 13, 2016 — Just days after three of its largest shareholders agreed to buy up to $125 million of its shares, dry bulk operator Genco Shipping & Trading Limited (NYSE:GNK)) announced
dry bulk
DryShips to acquire Nautilus Offshore Services
OCTOBER 23, 2015—DryShips Inc., Athens, Greece, the largest U.S.-listed dry bulk fleet operator, has inked a deal to acquire about 98% of Nautilus OffShore Services Inc. for a purchase price of $87
Golden Ocean moves to strengthen its cash position
APRIL 27, 2015 — John Frederiksen’s Golden Ocean Group Limited said today that though it is not abandoning its strategy to be a “much needed consolidator” in the dry bulk sector it
NewLead Holdings Ltd. secures $10 million debenture
MARCH 11, 2015 — Aventura, FL, headquartered TCA Fund Management Group, , has announced the closing of a $10,000,000 USD Senior Secured Debenture with an initial draw set at $4,250,000 for NewLead
Knightsbridge to acquire remaining Frontline 2012 fleet
APRIL 24, 2004 — John Fredriksen is rearranging the place settings on the dry bulk market table. The move involves two companies that once were tanker operations before going dry. Knightsbridge Tankers
Red ink quarter for International Shipholding
APRIL 15, 2014 — International Shipholding Corporation (NYSE:ISH) expects to report a first quarter net loss, before preferred dividends, in the range of $3.3 million to $3.7 million. It says this is
Rand Logistics to reflag, convert Danish tanker
MARCH 14, 2014 — Great Lakes dry bulk vessel operator Rand Logistics, Inc. (NASDAQ: RLOG) has acquired a Danish flagged chemical tanker that will be converted to a Canadian flagged river class
Paragon orders Kamsarmax trio
MARCH 6, 2014 —Athens headquartered Paragon Shipping Inc. (NASDAQ: PRGN) says it has signed shipbuilding contracts for three eco-design 81,800 Kamsarmax dry bulk carriers. They will be built at China’s Jiangsu Yangzijiang
Genco calls in Blackstone, ponders Chapter 11
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
Paragon takes delivery of one, gets financing for two
JANUARY 7, 2014 — Dry bulk owner Paragon Shipping Inc. (NASDAQ: PRGN) reports that it has taken delivery of M/V Proud Seas, a 37,227 dwt Handysize vessel, from Zhejiang Ouhua Shipbuilding Co.