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Armada chases award
Insolvent Singaporean shipping outfit brings $68m COA battle to Chicago courtroom.
K-Sea makes Wall Street wait
US tug titan postpones investor pow-wow while it irons out credit facility and $85m equity injection.
STX’s Daehan bid 'fails'
Korean yard giant’s offer for struggling compatriot yard knocked back by KDB, report claims.
‘Unviable’ MMM slumps to loss
Troubled Malaysian Merchant Marine “pessimistic” about finding solution as first quarter turns red.
Nexus puts FPSO order on ice
Anders Holm-led Norwegian has options to either cancel or restart FPSO newbuilding at Samsung.
Free News
Trico files Chapter 11 papers
Nasdaq-listed owner files for bankruptcy protection for the second time in six years.
Free News
Cecon sits on the brink
Bankruptcy could be in the cards for troubled Norwegian owner as second-quarter profit plummets.
Patrick impairment whacks Asciano
Australian port and rail behemoth sent to large full-year loss on write down on acquisition.
Harpa axes ETA charters
Bremen-based bulker operator pulls two units from long-term contracts with Emirates Trading Agency amid $10m legal battle.
MBC airs dry-bulk market fears
Malaysian Bulk Carriers’ profit halved in second quarter and warns of over-tonnaged market and global downturn.
Lone buyer eyes SeaFrance
Investment company Being Bang is the only bidder for French owner that sought bankruptcy protection in April.
Stolt-Nielsen scores SLS payday
Norwegian tanker tribe pockets first chunk of $296m refund linked to collapsed Korean contracts.
Happy days for Fonds in Q2
German shipping fund manager Lloyd Fonds motors back to black in second quarter after being leathered by poor markets.
TOPS mulling stock split?
Tough weekend for Evangelos Pistiolis-led owner as late-breaking revelation sheds light on Nasdaq delisting dilemma.
STX: ‘Newbuilding disaster unlikely’
Korean owner cuts second-quarter loss and says industry to avoid newbuilding doomsday with axing and delays.
NewLead logs net loss
Second-quarter costs climb amid aggressive acquisition plan as Michael Zolotas-led owner sinks deeper into the red.
Trico tanks as Chapter 11 looms
Shares in Nasdaq-listed offshore owner plunge 32% as Wall Street retreats amid bankruptcy bind.
Diana issues dry wake-up call
President Anastassis Margaronis says dry-bulk stocks are no stable retirement home.
Belgian chips off Saade’s table
Report claims Belgian billionaire Albert Frere muscled out of finance talks with CMA CGM.
Davie desperate amid debt dilemma
Clock ticking as cash-strapped Canadian shipbuilder struggles to land private equity lifeline.
Free News
DVB: ‘Too soon to sound all clear’
Boss Wolfgang Driese says bank remains selective as large orderbook signals volatile times ahead.
Free News
NATS warns Olsen on delay
Herbjorn Hansson-led Nordic American could begin arbitration against Fred Olsen over suezmax resale delay.
Boxship bounce under threat
Record newbuilding arrivals in July could place container shipping recovery on ice, report says.
MMM faces Bursa Malaysia boot
Beleaguered owner warned it faces being jettisoned from the stock exchange after rule breach.
BP bales out its tanker arm
Troubled oil supermajor injects $260m into shipping arm after heavy losses in tanker market.
CMA CGM eyes $1.8bn
Jacques Saade-led liner behemoth reportedly makes nearly $1bn operating profit in first half.
Kobe yard counting the days
Japanese heavyweight Mitsubishi Heavy Industries calls time on commercial shipbuilding at one of its three yards.
Zodiac refuses to lose
Zodiac Maritime heads group of owners keeping capesizes at anchor due to depressed rates.
Omega admits breach of covenant
George Kassiotis-led tanker owner working to refinance and may raise capital as late reports finally filed.
Saade ‘picks Qatari fund’
CMA CGM decides on Qatari investment fund bid for much-needed $1bn injection, report claims.
Saade sets July deadline
CMA CGM aims to tie up financing deal by the end of the month as first-quarter results improve.
Free News
OceanFreight springs stock split
Greek shipowner works its magic transforming three shares to one in the wake of delisting dilemma.
UACC 'to drop four' at SLS
Jens Groenning-led owner arranges new $280m loan as report suggests 10-ship order at SLS to be cut to six.
Banks buoy Trico Marine
Troubled offshore owner says Chapter 11 is still in the cards but a $50m boost from banks has turned the hands of time.
CMA CGM quashes debt rumour
Jacques Saade-led boxship owner denies ‘malicious’ media claim that it has shifted debt to Global Ship Lease.
Trico teetering on the brink
Troubled offshore owner says it has three days to land loan waivers or face bankruptcy protection from creditors.
Moby throws IPO on ice
Investors eyeing a warm slice of Moby Lines start to sweat as summer IPO gets tossed on backburner.
Top Jobs
- Capture Team Leader
Wärtsilä
- 2008 M. general cargo, 3002 DWT, 2008 Viet nam
Next bid: US$ 1800000
- 1987 Fishery patrol ship, Mitsubishi, ex Japan
Next bid: US$ 400000
- 2010 IHI HVL DSS motor
Next bid: US$ 5000
- 1981 Container carrier Ship
Next bid: US$ 3400000
- ALFA LAVAL TITANIUM PLATE HEAT EXCHANGER
Next bid: US$ 50
- 1998 Mitsubishi S6N-MTK 560PS
Next bid: US$ 20000
- Caterpillar 3508DI Genset
Next bid: US$ 29000
- Man (MTU) engine w/ gear box
Next bid: US$ 20000
- Used Rescue Boat
Next bid: US$ 7000
- Yanmar 6HA-HT marine engine
Next bid: US$ 8000