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Latest Chartering Stories

2010-04-28 05:55:00

PIRAEUS, Greece, April 28 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead") announced today that it has completed the first phase of its turnaround with the sale of three additional non-core vessels and the agreement to purchase one newbuild Post-Panamax vessel. Since the recapitalization of NewLead in October 2009, management has focused on a new strategy including the disposition of inefficient vessels, exit from the container industry, acquisition of vessels...

2010-04-23 07:30:00

NEW YORK, April 23 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to extend the time charter for the Genco Marine, a 1996-built Handymax vessel, with STX Pan Ocean Co. Ltd. for approximately 11 to 13.5 months at a rate of $20,000 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 4, 2010 and is...

2010-04-09 07:30:00

NEW YORK, April 9 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to extend the time charter for the Genco Knight, a 1999-built Panamax vessel, with Swissmarine Services S.A. for approximately 11 to 13.5 months at a rate of $25,000 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 April 23, 2010 and...

2010-04-08 15:30:00

NEW YORK, April 8 /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 Leopard, a 2009-built Supramax vessel. The Baltic Leopard is the first 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 party....

2010-04-06 07:00:00

PIRAEUS, Greece, April 6 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or "the Company") today announced it has completed the dropdown of six vessels (four drybulk vessels and two product tankers) and Newlead Shipping S.A., an integrated technical and commercial management company, from Grandunion Inc. ("Grandunion"). In connection with this transaction, NewLead transferred to Grandunion 8,844,444 shares of NewLead's common stock and assumed existing...

2010-03-11 15:47:00

NEW YORK, March 11 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to extend the time charter for the Genco Hunter, a 2007-built Supramax vessel, with Pacific Basin Chartering Ltd. for approximately 11.0 to 13.5 months at a rate of $21,750 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 April 1,...

2010-02-24 17:53:00

NEW YORK, Feb. 24 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months and full year ended December 31, 2009. Financial Review: 2009 Fourth Quarter Excluding a $40.9 million non-cash loss from certain one-off items related to an impairment charge to goodwill and the non-cash portion of other income, the Company recorded net loss of $12.0 million or $0.22 basic and diluted loss per share for the three months ended...

2010-02-24 15:35:00

NEW YORK, Feb. 24 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today reported its financial results for the three and twelve months ended December 31, 2009. The following financial review discusses the results for the three months and twelve months ended December 31, 2009 and December 31, 2008. Fourth Quarter 2009 and Year-to-Date Highlights Recorded net income of $35.5 million, or $1.13 basic and diluted earnings per share for the fourth quarter; Took...

2010-01-05 07:30:00

NEW YORK, Jan. 5 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Claudius, a 169,025 dwt Capesize newbuilding. The Genco Claudius is the final vessel to be delivered to the Company under Genco's previously announced agreement on July 18, 2007 to acquire nine Capesize vessels from companies within the Metrostar Management Corporation group. The Genco Claudius was delivered to its charterer, Cargill...

2009-11-16 07:30:00

NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to enter into a time charter for the Genco Claudius, a Capesize newbuilding, with Cargill International S.A. for 10.5 to 13.5 months at a rate of $36,000 per day, less a 5% third-party brokerage commission. The time charter for the Genco Claudius will commence upon delivery of the vessel, which is expected during December 2009, and is subject to the...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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