Tuesday, August 19, 2014
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.
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.
Wednesday, June 12, 2013
Random Thoughts On Excel Maritime’s Debt Restructuring
Troubled Athens-based shipping company Excel Maritime (EXM) revealed in yesterdayâ€™s press release one of industryâ€™s worst kept secrets: The company is insolvent.
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.
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