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
dry bulk
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.
Baltic Trading to raise $55 million
SEPTEMBER 20, 2013 — Peter Georgiopoulos’s Baltic Trading Limited (NYSE: BALT) today announced the pricing of its current public offering of common stock. Baltic Trading agreed to sell 12,000,000 shares of common
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