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Latest Chartering Stories

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...

2009-10-28 15:18:00

NEW YORK, Oct. 28 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today reported its financial results for the three months ended September 30, 2009. The following financial review discusses the results for the three months and nine months ended September 30, 2009 and September 30, 2008. Third Quarter 2009 and Year-to-Date Highlights Recorded net income of $34.3 million, or $1.10 basic and $1.09 diluted earnings per share for the third quarter; Took delivery...

2009-10-27 20:15:00

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, 2009. Financial Review: 2009 Third Quarter The Company recorded net income of $14.8 million, or $0.27 basic and $0.27 diluted earnings per share, for the three months ended September 30, 2009 compared to net income of $23.5 million, or $0.60 basic and $0.59 diluted earnings per share, for the three months ended...

2009-10-21 15:05:00

ATHENS, Greece, October 21 /PRNewswire-FirstCall/ -- Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today that it has entered into a new three year time charter contract for the Diamond Seas. The vessel has been forward fixed on period time charter for 23 to 25 months at a gross daily rate of $16,250 with Bunge S.A., who also has the option to charter the vessel for a further 11 to 13 months at a gross daily rate...

2009-09-21 15:15:00

NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Maximus, a 169,025 dwt Capesize newbuilding. The Genco Maximus is the eighth 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 Maximus was delivered to its charterer, Cargill...

2009-08-04 15:30:00

ATHENS, Greece, Aug. 4 /PRNewswire-FirstCall/ -- TOP Ships Inc. (Nasdaq: TOPS) announced today that it took delivery of the M/T "HONGBO" from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea on August 3, 2009. The M/T "HONGBO" is the last of six 50,000 dwt product / chemical tankers delivered within 2009. The M/T "HONGBO" has entered into a bareboat time-charter employment for a period of 10 years at a daily gross rate of $14,550. In addition, TOP Ships Inc. announced...

2009-07-29 16:20:00

NEW YORK, July 29 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three and six months ended June 30, 2009. Financial Review: Second Quarter 2009 Excluding other expense, the Company recorded net income of $7.7 million or $0.14 basic and $0.14 diluted earnings per share for the three months ended June 30, 2009 compared to $20.0 million or $0.52 basic and $0.50 diluted earnings per share for the three months ended June 30,...

2009-07-29 15:24:00

NEW YORK, July 29 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited (NYSE: GNK) today reported its financial results for the three months ended June 30, 2009. The following financial review discusses the results for the three months and six months ended June 30, 2009 and June 30, 2008. Second Quarter 2009 and Year-to-Date Highlights Recorded net income of $37.6 million, or $1.20 basic and diluted earnings per share for the second quarter; Took delivery of the Genco Commodus...

2009-07-01 16:16:00

ATHENS, July 1 /PRNewswire-FirstCall/ -- Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today that it has entered into new two year time charter contracts for the Calm Seas and the Coral Seas. Both vessels have been forward fixed on period time charters for 23 to 26 months at a gross daily rate of $15,775 per vessel with Intermare Transport GMBH. Commenting on these developments Michael Bodouroglou, Chairman...

2009-06-23 16:52:00

ATHENS, June 23 /PRNewswire/ -- Paragon Shipping Inc. (Nasdaq: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today amendments to several of its long term time charters. The Company has entered into a new two year time charter contract for the Deep Seas and has renegotiated the terms to the time charter contract for the Crystal Seas. The Company has also extended the charter period on the existing charter for the Clean Seas, and has obtained an...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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