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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

(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