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Supramax Vessel

Star Bulk Takes Delivery of Vessel

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 Takes Delivery of Supramax Vessel

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 Takes Delivery of Supramax Vessel

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


Eagle Bulk Shipping Acquires 26 Ships for $1.1B

(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 Acquires 2 Ships

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.


Genco Shipping & Trading Announces Q1 2011 Results

Genco Shipping & Trading Limited.bmp

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


NORDEN Sells its Last Capesize Ship

Nord-Energy (Photo: NORDEN)

In line with its dry cargo strategy to focus on Panamax and Supramax vessels, Danish ship owner NORDEN has entered into an agreement to sell its last remaining Capesize vessel Nord-Energy (180,310 dwt. built in 2004). At the same time, the company has agreed to buy a Supramax vessel (58,000 dwt. built in 2010). Both deliveries will take place in the course of the first quarter of 2016.   Following the sale, NORDEN no longer owns Capesize vessels and currently only operates one chartered


Genco Takes Delivery of Two Drybulk Vessels

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


Genco to Acquire Three Drybulk Vessels

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 Announces Private Placement

Photo: Star Bulk Carriers Corp.

 Star Bulk Carriers Corp. announced the closing of its previously announced private placement of 6,310,272 common shares, at a price of $8.154 per share.    The aggregate proceeds to Star Bulk, net of underwriting fees and offering expenses, were approximately $50.6 million. Star Bulk intends to use the net proceeds for general corporate purposes.   Oaktree Capital Management, L.P. and its affiliates and Senator Investment Group LP purchased 6,310


Baltic Index Up On Firmer Rates for Panamaxes, Smaller Vessels

File photo: Star Bulk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Monday, hitting a fresh nearly three-year high as rates for panamaxes and smaller vessels increased. The overall index, which factors in rates for capesize, panamax


Seanergy Maritime Updates on Fleet

Photo: Seanergy Maritime Holdings Corp

 Seanergy Maritime Holdings  said that it  took delivery of the 2012 Korean built Capesize M/V Partnership, which commenced its 12-18 months' time charter with a major European utilities company in June at a gross rate of $16,200 per day.   


Baltic Index Edges Lower on Weaker Capesize Rates

(File photo: Star Bulk)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Wednesday as rates for capesize vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 7 points or 0


Baltic Index Eases From Near Three-Year High

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a six-day winning streak on Tuesday, weighed down by weaker rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax


Eagle Bulk Completes Greenship Bulk Fleet Acquisition

Photo: Eagle Bulk Shipping

 Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust.  


Baltic Index Slips on Weaker Capesize Sector

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell slightly on Friday, dragged down by lower rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Falls on Weaker Vessel Demand

© ArchonCodex / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker demand for larger vessels. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 22


Baltic Index Inches Down on Capesize, Panamax Rates

File Image: CREDIT FedNav

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged down on Tuesday on lower rates across larger vessel segments.   The overall index — which factors in rates for capesize, panamax


Baltic Index Dips Again on Sagging Capesize Rates

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third consecutive session on Thursday, weighed down by weaker rates for larger vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Rises on Firmer Rates across Vessel Categories

© AVD / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, helped by higher rates across vessel categories. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 6 points or 0


Stronger Capesize, Panamax Rates Lift Baltic Index

File Image: CREDIT Norden

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose over 1 percent on Tuesday on improving demand for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Gains On Stronger Rates for Larger Vessels

© Wojciech Wrzesien / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the eleventh straight session, supported by higher rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax


Baltic Index Hits Over Three-month High

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level in more than three months on Tuesday, supported by firmer rates for larger vessels. The overall index, which factors in rates for capesize, panamax


Eagle Bulk Takes Delivery of Madison Eagle

Image: Eagle Bulk Shipping

 Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, today announced that it has taken delivery of the M/V Madison Eagle, the eighth of nine Crown-63 Ultramax dry bulk sister vessels the Company acquired from Greenship Bulk Trust.  


Baltic Index Up for Fifth Straight Day

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth day this week, helped by higher rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels






 
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