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

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.

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