Tuesday, August 19, 2014
Maritime News

Star Bulk Acquires 34 Vessels from Excel Maritime

International dry bulk shipping company Star Bulk announced Tuesday an agreement to acquire 34 vessels from troubled shipowner Excel Maritime Carriers.

August 19, 2014
Total Views: 63

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 on a reorganization plan with senior lenders.

July 2, 2013
Total Views: 140

Friday, June 28, 2013

Outlook Brightens For Drybulk Shippers, But Fewer Left Afloat

The outlook for the drybulk shipping market is brightening after a stormy four years, but only those shippers that managed to avoid getting swamped by debt are poised to take full advantage.

June 28, 2013
Total Views: 1

Wednesday, June 12, 2013

Random Thoughts On Excel Maritime’s Debt Restructuring

Troubled Athens-based shipping company Excel Maritime (EXM) revealed in yesterday’s press release one of industry’s worst kept secrets: The company is insolvent.

June 12, 2013
Total Views: 39

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 industry.

June 11, 2013
Total Views: 4