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Deiulemar Shipping News

31 Jul 2012

Deiulemar Shipping Prefers Liquidation to Bankruptcy

Italian dry freight group Deiulemar Shipping  is trying to avoid formal bankruptcy proceedings. Italian dry freight group Deiulemar Shipping Company SpA (Deiulemar Shipping) is seeking liquidation to avoid formal bankruptcy proceedings after Italian prosecutors seized assets totaling 323 million Euros ($399.5 million) which included 10 of its vessels, according to a Reuters report accessed by 'Ship & Bunker'. In the report Deiulemar Shipping's lawyer Astolfo Di Amato said the company had filed a debt restructuring proposal on Tuesday to liquidate the company and sell all its assets to partially satisfy its creditors. "It's an attempt to save the company from bankruptcy," said Di Amato.

25 Feb 2012

Star Bulk Sells Capesize Ship, Settles Deiulemar Claim

Star Bulk Carriers sold the 150, 940 dwt, 1991-built Star Ypsilon for $9.12m. (Photo: Star Bulk Carriers)

Star Bulk Carriers Corp. (Nasdaq: SBLK) has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012. Also, Star Bulk announced that its subsidiary Star Beta LLC and Deiulemar Shipping S.p.A ("Deiulemar") agreed to settle all claims that were the subject of an ongoing arbitration. In connection with the settlement…

14 Jul 2010

NOC Supplies Italian Bulk Carriers

Northrop Grumman Corporation has been selected to supply the bridge navigation systems for three new bulk carriers being built in China for Italian shipowner Deiulemar Shipping. Each of the ships is to be fitted with the company’s Sperry Marine VisionMaster FT S- and X-band radars, gyrocompass, autopilot, steering control, speed log, echosounder, voyage data recorder and other navigation systems. The equipment is being supplied through Telemar, the sales and service representative for Northrop Grumman Sperry Marine products and systems in Italy. Telemar will oversee the installations and provide technical support and service for the shipboard navigation systems.