Latest Chartering Stories

NEW YORK, Oct. 27 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three and nine months ended September 30, 2010. Financial Review: Third Quarter 2010 The Company recorded a net loss of $26.0 million or $0.30 basic and $0.30 diluted loss per share for the three months ended September 30, 2010 compared to net income of $14.8 million or $0.27 basic and $0.27 diluted earnings per share for the three months ended September 30,...

NEW YORK, Oct. 12 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to enter into a time charter for the Genco Tiberius, a 2007-built Capesize vessel, with Cargill International S.A. for 11 to 14.5 months at a rate of $31,000 per day, less a 5% third-party brokerage commission. The time charter for the Genco Tiberius is expected to commence on or about October 14, 2010 and is subject to the completion of definitive...

ATHENS, Greece, September 28, 2010 /PRNewswire-FirstCall/ -- Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP; SHIP.W) announced today that the m/vs African Joy, African Glory and Asian Grace, owned though the Company's wholly owned subsidiary Maritime Capital Shipping Limited ("MCS"), have entered into new charter agreements with first class charterers. The m/v African Joy, a 1996 built and 26,482 dwt handysize dry bulk carrier, entered into a time charter agreement...

PIRAEUS, Greece, Sept. 16 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or the "Company"), an international, vertically integrated shipping company, today announced that it completed the divestiture of all seven non-core vessels with the sale of three product tankers the Ostria, the Nordanvind and the High Land. Earlier this year, the Company sold two of its non-core product tankers, the Chinook and the High Rider and two container vessels, the MCS Seine and the...

PIRAEUS, Greece, Sept. 7 /PRNewswire/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or the "Company"), an international, vertically integrated shipping company, today announced that it has entered into new time charter contracts with a first-class European charterer for two product tankers, the Newlead Avra and the Newlead Fortune. The 2004-built 73,495 dwt Panamax vessels have each been chartered-out for one year, commencing immediately upon completion of their respective current spot...

NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco") today reported its financial results for the three and six months ended June 30, 2010. The following financial review discusses the results for the three and six months ended June 30, 2010 and June 30, 2009. Second Quarter 2010 and Year-to-Date Highlights Recorded net income attributable to Genco's shareholders for the second quarter of $36.8 million, or $1.17 basic and $1.16 diluted...

PIRAEUS, Greece, July 28 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or the "Company") today announced the successful completion of the dropdown of five dry bulk vessels, including two newbuildings with long-term quality time charters attached and the right of first refusal for three additional newbuildings from Grandunion Inc. ("Grandunion"). Total consideration for the dropdown of the five vessels is approximately $147.0 million, which includes approximately...

NEW YORK, July 28 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three and six months ended June 30, 2010. Financial Review: Second Quarter 2010 The Company recorded a net loss of $14.3 million or $0.25 basic and $0.25 diluted loss per share for the three months ended June 30, 2010 compared to net income of $7.3 million or $0.13 basic and $0.13 diluted earnings per share for the three months ended June 30, 2009. The decrease...

PIRAEUS, Greece, June 25 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or the "Company") today announced it has signed a Letter of Intent for the dropdown of five dry bulk vessels, including two newbuildings, and the right of first refusal for three newbuildings from Grandunion Inc. ("Grandunion"). The transaction is expected to be concluded in the third quarter of 2010. Total consideration for the dropdown of the five vessels is approximately $148 million,...

NEW YORK, May 28 /PRNewswire-FirstCall/ -- Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot charter market, announced today that it has taken delivery of the Baltic Cougar, a 2009-built Supramax vessel. The Baltic Cougar is the fifth vessel to be delivered to the Company under agreements signed in February 2010 to acquire four 2009-built Supramax drybulk vessels from an unaffiliated third party as well as two Capesize newbuildings from another unaffiliated third...