Hanjin Shipping Negotiating Debt Repayment Delay
Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...
read more →China Shipbuilding Selling Shares to Raise USD 586 Mn
In an effort to reduce its debt, China Shipbuilding Industry Co. has revealed plans to raise some CNY 3.9 billion ...
read more →Overdue Containers Push Venezuela’s Debt to USD 1 Bln
As a result of a number of delays in returning containers or completely failing to do so, the Venezuelan state ...
read more →Hanjin Shipping Moves Forward with Sale of London Office
South Korean shipping company Hanjin Shipping has agreed the sale of its office building in London as it fights to ...
read more →Daiichi Chuo Files Its Rehabilitation Plan
Japan’s dry bulk shipping company Daiichi Chuo Kisen Kaisha and its wholly owned subsidiary Star Bulk ...
read more →Ardmore Set for Growth as It Refinances Debt
Irish tanker owner and operator Ardmore Shipping Corporation has completed a refinancing of substantially all of ...
read more →Paragon Shipping to Settle Debt through Vessel Sale
Athens-based Paragon Shipping Inc. has entered into an agreement with Commerzbank AG for the settling of all ...
read more →AMSC Closes USD 450 Million Loan
American Shipping Company (AMSC) said that it has closed its previously signed agreement for USD 450 million ...
read more →Eitzen Secures USD 100 Mln Loan
Oslo-based owner and operator of chemical tankers Eitzen Chemical ASA has entered into a loan facility with ...
read more →Dubai World to Refinance USD 14.6 Bln Debt
Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its ...
read more →ZIM Climbs the Hole
Israeli containership owner and operator ZIM has managed to cut its loss for the quarter ending September 30 on the ...
read more →SNCM to File for Bankruptcy
Debt-stricken French ferry operator Société Nationale Maritime Corse Méditerranée (SNCM) plans to file for ...
read more →TORM Strikes Deal on Restructuring
Copenhagen-based shipping company TORM has today entered into an agreement with a group of its current lenders, ...
read more →Eagle Cleared for Restructuring
The US judge Sean Lane has approved Eagle Bulk Shipping’s restructuring plan at the US Bankruptcy Court in New ...
read more →SNCM Sinking Further in Debts
Debt-laden ferry operator Societé Nationale Corse-Méditerranée (SNCM) is sailing in turbulent waters and will ...
read more →ZIM Cuts Losses
Israel’s shipping company ZIM Integrated Shipping Ltd. has published its results for the second quarter of ...
read more →Exclusive: Workers Left High and Dry as GoAGT Goes Insolvent
Maritime security company GoAGT Ltd, headquartered in Malta, has hit the headlines as reports on the company going ...
read more →Eagle Bulk Seeking Relief in Chapter 11
Eagle Bulk, the parent company of Eagle Bulk Shipping Inc, has commenced a voluntary “prepackaged” ...
read more →Paris MoU Bans Entrance to M/V Sava Lake
General cargo ship M/V “Sava Lake” will be denied further access to any port and anchorages in the ...
read more →Ardmore Secures Cash for Its Fleet Additions
Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its ...
read more →JES Blacklisted
The Supreme People’s Court of China has blacklisted Jiangsu Eastern Heavy Industry (JEHI), a subsidiary of ...
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