Wednesday, July 2, 2014
Genco Tiberius shipping capesize

U.S. Judge Clears Way for Genco Shipping to Exit Bankruptcy

A U.S. bankruptcy judge said on Wednesday he will approve Genco Shipping & Trading Ltd's plan to exit its Chapter 11 bankruptcy after he overruled objections

July 2, 2014
Total Views: 2

Tuesday, June 24, 2014
Genco Tiberius shipping capesize
Maritime News

Genco Takes On Shareholders as Shipper Looks to Exit Bankruptcy

Lawyers for bankrupt Genco Shipping & Trading Ltd on Tuesday insisted the dry bulk shipper is not being undervalued during the closing of a trial pitting the

June 24, 2014
Total Views: 1

Maritime News

Nautilus Holdings Files for Bankruptcy in New York

Nautilus Holdings Ltd., owner of a 16-vessel container shipping fleet, filed for bankruptcy protection in New York, citing a drop in charter

June 24, 2014
Total Views: 3

Monday, April 21, 2014
Genco Tiberius shipping capesize

Genco Shipping Files for Bankruptcy

By Dawn McCarty April 21 (Bloomberg) — Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for

April 21, 2014
Total Views: 163

Monday, April 7, 2014

Overseas Shipholding Approved to Sign $300 Million Equity Deal

Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s

April 7, 2014
Total Views: 389

Friday, April 4, 2014
Genco Tiberius shipping capesize
Maritime News

Genco Reaches Bankruptcy Restructuring Deal

April 4 (Reuters) – Genco Shipping & Trading Ltd will cut its debt by more than $1 billion by giving control of the company to its lenders in a

April 4, 2014
Total Views: 7

Monday, November 11, 2013

OSX Brasil Files for Bankruptcy

Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to

November 11, 2013
Total Views: 11

Tuesday, July 2, 2013

Excel Maritime Files for Chapter 11 Bankruptcy Protection

Excel Maritime Carriers Ltd., the Athens-based operator of 38 dry-bulk vessels, filed for bankruptcy protection in the U.S. after extending a voting deadline

July 2, 2013
Total Views: 198

Thursday, June 20, 2013

STX Pan Ocean Seeks Protection From US Creditors

The bulk shipper STX Pan Ocean Co Ltd filed for protection under U.S. bankruptcy law on Thursday to shield its assets from creditors in the United States, less

June 20, 2013
Total Views: 2

Monday, June 17, 2013
STX Pan Ocean Vanguard

STX Pan Ocean Shares Fall as Restructuring Process Begins

(Bloomberg) — STX Pan Ocean Co., South Korea’s largest commodities-shipping company, slumped to the lowest level in Seoul trading since its

June 17, 2013
Total Views: 20

Tuesday, June 11, 2013

Excel Maritime to File for Chapter 11 Bankruptcy Protection

Drybulk shipper Excel Maritime Carriers Ltd intends to file for Chapter 11 bankruptcy making it the latest victim of a downturn in the shipping

June 11, 2013
Total Views: 6

Friday, June 7, 2013

STX Pan Ocean Files For Protection

(Reuters) STX Pan Ocean – owner of 97 bulk vessels, 249 chartered-in ships and open contracts for 28 newbuilds – filed for court receivership on

June 7, 2013
Total Views: 4

Saturday, April 20, 2013
Excel maritime carriers

Excel Maritime Carriers – A Sad Day of Reckoning Coming Soon

By Lambros Papaeconomou, NYFEX Asset Management LLC Dry cargo shipping company Excel Maritime Carriers Ltd. (EXM) saw its share price drop almost 45%

April 20, 2013
Total Views: 22

Thursday, March 14, 2013
berlian laju tanker logo

Berlian Laju Narrowly Averts Bankruptcy, Creditors Agree to Restructure $1.9 Billion Debt

By Randy Fabi JAKARTA, March 14 (Reuters) – Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to

March 14, 2013
Total Views: 6

Tuesday, February 5, 2013

Overseas Shipholding Wins Bankruptcy Court Approval for $25 Million in Loans

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

February 5, 2013
Total Views: 1

Thursday, November 15, 2012

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

November 15, 2012
Total Views: 2

Wednesday, November 14, 2012

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company

November 14, 2012
Total Views: 11

Thursday, October 25, 2012

Lawyer: For OSG, Bankruptcy Isn’t The Only Lifeline

While Overseas Shipholding Group Inc. (OSG) has warned it may file for bankruptcy in light of a recently disclosed tax issue, a prominent bankruptcy lawyer

October 25, 2012
Total Views: 33

Monday, October 22, 2012

OSG, the Largest U.S. Tanker Company, is Considering Chapter 11

(Bloomberg) — Overseas Shipholding Group Inc.’s bonds and stocks plunged after the largest U.S. tanker company said in a regulatory filing

October 22, 2012
Total Views: 35

Wednesday, August 22, 2012

ATP Bankruptcy: Company Lost $1.1 Million Per Day For Past 3 Years

(Bloomberg) — ATP Oil & Gas Corp., the Gulf of Mexico oil producer that filed for bankruptcy last week, was given preliminary approval by a judge for

August 22, 2012
Total Views: 44