Oldendorff bulker comes unstuck in Parana River

But navigation in key grain export waterway remains affected following grounding by Johann Oldendorff. An Oldendorff Carriers bulker has been refloated in River Plate region, but navigation is still impacted following the grounding. Two tugs helped the 61,000-dwt Johann Oldendorff (built 2014) refloat this morning at kilometre 342 of the river near San Nicolas, according […]

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S&P warns of potential downgrade for Maersk

Agency puts Danish shipping giant’s credit rating on watch following Maersk Oil sale. Standard & Poor’s warned that it could downgrade the credit ratings of AP Moller-Maersk after the Danish shipping giant’s $7.45bn sale of its oil and gas subsidiary. The US credit rating agency put Maersk on “CreditWatch with negative implications”, signaling that the […]

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With warchest, Genco in position to strike

New York-listed bulker’s $180m cash position could allow it to buy seven to eight capesize vessels, analyst says. Genco Shipping & Trading is positioned with ample liquidity that puts it in a position to take advantage of buying opportunities, an analyst said after the company’s earnings report. Clarksons Platou Securities’ John Gandolfo said the bulker […]

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