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Latest Chartering Stories

2010-09-07 06:30:00

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...

2010-08-09 15:25:00

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...

2010-07-28 16:15:00

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...

2010-07-28 15:26:00

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...

2010-06-25 05:00:00

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...

2010-05-28 10:58:00

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...

2010-05-17 07:30:00

NEW YORK, May 17 /PRNewswire-FirstCall/ -- Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, announced today that it has taken delivery of the Baltic Bear, a Capesize newbuilding, and the Baltic Jaguar, a 2009-built Supramax vessel. The Baltic Bear and the Baltic Jaguar are the third and fourth vessels, respectively, to be delivered to the Company under agreements signed in February 2010 to acquire four 2009-built Supramax drybulk vessels from an...

2010-05-12 15:37:00

NEW YORK, May 12 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to sign a time charter for the Genco Beauty, a 1999-built Panamax vessel, with D/S Norden A/S, Copenhagen for approximately 11 to 13.5 months at a rate of $27,000 per day, less a 5% third-party brokerage commission. The time charter is expected to commence following the expiration of the vessel's current time charter on or about May 17, 2010 and is...

2010-05-03 15:30:00

NEW YORK, May 3 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010 and March 31, 2009. First Quarter 2010 and Year-to-Date Highlights Recorded net income of $33.5 million, or $1.07 basic and $1.06 diluted earnings per share attributable to Genco's shareholders for the first quarter; Signed...

2010-04-29 16:03:00

NEW YORK, April 29 /PRNewswire-FirstCall/ -- Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, announced today that it has taken delivery of the Baltic Panther, a 2009-built Supramax vessel. The Baltic Panther is the second 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...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'