Genco Pushes Restructuring Plan over Equity Holders’ Opposition
Genco Shipping & Trading on Thursday defended its proposed plan to exit bankruptcy on the first day of a trial over accusations by shareholders that it is
Genco Shipping & Trading on Thursday defended its proposed plan to exit bankruptcy on the first day of a trial over accusations by shareholders that it is
By Ole Mikkelsen COPENHAGEN, June 11 (Reuters) – Denmark’s Thorco Shipping expects to expand its fleet by 50 percent in coming years and plans to
#451322505 / gettyimages.com Yoga Rusmana and Eko Listiyorini June 6 (Bloomberg) — Tin exports from Indonesia, the world’s largest supplier, surged
By Jonathan Saul LONDON, June 5 (Reuters) – A potential El Nino weather phenomenon, which could wreak havoc on global crops, is set to disrupt shipping
Iron ore shipments from Australia’s Port Hedland expanded to a record in May as mining companies boosted output, helping to push benchmark prices to the
Greek ship owners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts,
June 3 (Bloomberg) — Since Indonesia banned ore exports, the global nickel industry has been rocked by surging prices, Chinese workers like Zhang Qi
By Melanie Burton SYDNEY, June 2 (Reuters) – China’s northeastern port of Qingdao has halted shipments of aluminium and copper due to an
Phoebe Sedgman and Jasmine Ng May 30 (Bloomberg) — Tugboat officers at Australia’s Port Hedland joined deckhands in approving work stoppages, risking
Thai dry bulk shipping firm Precious Shipping (PSL) announced today the executing of a USD 81.50 million Term Loan Facility with Export-Import Bank of
By Jasmine Ng May 30 (Bloomberg) — Iron ore is heading for a sixth straight monthly decline in the longest losing streak on record as increasing supplies
China is interested in setting up a partnership with Brazilian mining major Vale to move iron ore from its giant vessels on to smaller ones, as a ban on the
A weak dry bulk spot market has provided John Fredriksen’s dry bulk shipping firm, Golden Ocean Group (GOGL) with a small, yet diminishing profit so far
PRESS RELEASE – Ship Finance International Limited (NYSE: SFL) today announced the agreement to acquire two 82,000 dwt Kamsarmax dry-bulk carriers built
The union representing tugboat workers at Australia’s Port Hedland, the world’s biggest bulk export terminal, will suspend taking strike action for the
By James Regan SYDNEY, May 21 (Reuters) – BHP Billiton said on Wednesday it may seek government intervention to avert industrial action by tugboat
Global miners and commodity traders are using multiple strategies to lock in favourable rates for shipping costs, anticipating a freight market recovery after
MELBOURNE, May 20 (Reuters) – Two of the world’s biggest iron ore miners BHP Billiton and Fortescue Metals Group held-government sponsored
By Jasmine Ng May 19 (Bloomberg) — Iron ore futures in Singapore traded below $100 a metric ton for the first time since the contract started last year
SANTIAGO, May 16 (Reuters) – Chile president Michelle Bachelet said on Friday her center-left government was planning the development of a “big
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up