Star Bulk Carriers Corp. announced that it has taken delivery of the Star Sigma, a Japanese built Capesize vessel of 184,400 dwt built in 1991. On delivery, Star Sigma has also commenced her one-year time charter employment at a gross daily rate of $100,000 followed by a three-year time charter employment at an average gross daily rate of $63,000. Star Bulk's fleet consists of eleven dry bulk vessels including three Capesize, one Panamax and seven Supramax vessels. As of today, the company's operational fleet is ten vessels consisting of three Capesize, one Panamax and six Supramax vessels. The eleventh vessel, a Supramax, is scheduled for delivery later this month.
Star Bulk Carriers Corp. announced that it has taken delivery of the Star Omicron, a Japanese built Supramax vessel of 53,489 dwt built in 2005. Upon delivery, Star Omicron commenced her three-year time charter employment at a gross daily rate of USD 43,000. The company has now taken delivery of all vessels they agreed to acquire, including the eight initial vessels from TMT and three additional vessels following the Completion of the Redomiciliation Merger.
Genco Shipping & Trading Limited (NYSE:GNK) has taken delivery of the Genco Lorraine, a 2009-built Supramax vessel. The Genco Lorraine is the first of 13 vessels to be delivered to the company under Genco's agreement previously announced on June 25, 2010 to acquire 13 Supramax vessels from Setaf SAS, a wholly owned subsidiary of Bourbon SA. The company also announced that it has reached an agreement to enter into a time charter for the Genco Lorraine with Olam International Limited for
(Photo courtesy of www.eagleships.com) Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has agreed to acquire a fleet of 26 Supramax vessels for $1.1 billion from the parent of Anemi Maritime Services, a private Greek shipping company. The transaction is subject to completion of customary documentation and closing conditions. "This accretive transaction leverages management's strong industry relationships and reaffirms our commitment to the Supramax asset class
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that it has acquired two Supramax vessels for a total price of approximately $146 million. The vessels acquired are: The Goldeneye, a 2002 built 52,421 dwt Supramax expected to deliver in June 2008; and the Redwing, a 2007 built 53,000 dwt Supramax expected to deliver in September 2008 The Company will secure employment for the vessels prior to their delivery.
NEW YORK, May 3, 2011 /PRNewswire via COMTEX/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three months ended March 31, 2011. The following financial review discusses the results for the three months ended March 31, 2011 and March 31, 2010. First Quarter 2011 and Year-to-Date Highlights * Recorded net income attributable to Genco for the first quarter of $13
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has taken delivery of the Genco Bourgogne, a 2010-built Supramax vessel, and the Genco Bay, a 2010-built Handysize vessel. The Genco Bourgogne is the ninth vessel to be delivered to the company under its agreement previously announced on June 25, 2010 to acquire 13 Supramax vessels from Setaf SAS, a wholly owned subsidiary of Bourbon SA. The Genco Bay is the is the second of five vessels to be delivered to the company under its
Limited announced that it has agreed to acquire three 2007-built drybulk vessels from Bocimar International N.V. and Delphis N.V., for an aggregate purchase price of approximately $257.0 million. The acquisition is subject to the completion of customary additional documentation and closing conditions. The three vessels, comprised of two Panamax vessels and one Supramax vessel, are expected to be delivered to Genco during the third and the fourth quarters of 2008
Star Bulk Carriers contracts China's Shanghai Waigaoqiao Shipbuilding to build two Capesize dry bulk carriers, & also signs Letters of Intent with a major Japanese shipyard for construction of two Ultramax dry bulkers. The eco-type, fuel efficient Capesize drybulk vessels are to be delivered in Q4 2015 and Q1 2016, respectively and similar specification Ultramax dry bulkers in 2015. The aggregate purchase price of all four newbuilding vessels is approximately US$151.0 million.
Eagle Bulk Shipping, Inc., a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry,announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a three vessel transaction announced on February 28, 2007. The Shrike will immediately commence a 24-27 month charter at a rate of $24,600/day. The charterer has an option to extend the charter period by 12-14 months at a
Baltic Trading Limited has successfully completed its previously announced public offering, issuing 12,650,000 new shares of common stock, which included the exercise in full of the underwriters' option to purchase up to 1,650,000 shares of common stock
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, announced that it has entered into definitive agreements to acquire two modern Ultramax bulk carriers, the M/V Supra Challenger I and M/V Supra Challenger II
Baltic Trading Limited has has agreed to acquire two 179,185 dwt Capesize vessels for an aggregate purchase price of $103.0 million. The two vessels, built in 2012 and 2011 by Hyundai Heavy Industries, are expected to be delivered to Baltic Trading by the end of the fourth quarter of 2013.
A fairly new breed of bulk carrier is becoming popular in the Asian dry cargo market by promising more savings for charterers and shipowners thanks to higher carrying capacity and fuel efficiency, according to trade and industry sources cited in a Platts analysis.
Baltic Trading Limitedhas agreed to acquire two 32,000 dwt Handysize vessels, for an aggregate purchase price of approximately $41.0 million. The acquisition is subject to the completion of customary documentation and closing conditions. The two vessels
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'. Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily focussed on the smaller Handysize and Supramax
Reported ordering has been focussed primarily on smaller sizes with Handysize and Supramax seeing the majority of orders. According to the recently released Clarkson Hellas S&P Weekly Bulletin, Japanese yards appear to have had their fair share of the orders with JMU Yokohama
Genco Shipping & Trading Limited reports its financial results for the three and twelve months ended December 31, 2012. Financial Review: Full Year 2012 The net loss attributable to Genco was $144.9 million or $3.47 basic and diluted loss per share for the year ended December 31, 2012
Due to continuous delays in the construction and delivery of two Kamsarmax bulkers, Ultrabulk cancels. The bulkships were originally to be built at Zhoushan Jinhaiwan Shipyard Co. Ltd., China, but the yard failed to finish the construction within agreed contractual delivery terms
Time charters for Greece-based Hellenic Carriers' bulk ships 'Konstantinos D' & 'Hellenic Wind' have been fixed. The M/V Konstantinos D has been fixed for a period of 4-6 months at a daily gross hire rate of US$ 7,600. The charter commenced on 29 September 2012
'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China. The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design. Star Norita is 100% owned by Ugland Shipping AS.
Greece-based Paragon Shipping fix Panamax, Supramax, bulk carriers on time charter Paragon Shipping Inc. has signed fixed rate time charter agreements for two of its vessels, M/V Diamond Seas and the M/V Sapphire Seas The M/V Diamond Seas, a 2001 built 74,274 dwt Panamax bulkcarrier
Great Eastern Shipping Company signs contract to buy a 1990-built Very Large Gas Carrier (VLGC) The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,700 dwt (75,000 cbm).
The Shipping Corporation of India Ltd. (SCI) has accepted delivery of supramax bulk carrier, 'm.v. Vishva Diksha' from STX (Dalian) Shipbuilding The vessel is the last vessel of SCI’s six Supramax bulk carriers ordered from STX (Dalian) Shipbuilding Co. Ltd., China
Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, said it entered into a time charter contract with Pacific Basin Chartering Limited BVI for the Star Kappa for approximately one year, at a gross daily rate of $12,500