IMPACT OF NEW CHINESE TAX HANGS ON GREEK LAW AMENDMENTS
Impact of China's recently promulgated new law which imposes tax on profits from freights of inbound routes will likely be little on Greek shipping, but much depends on new Greek law according to Deloitte.
'UNFAVOURABLE CAPITAL MARKET' FORCES EURONAV TO SHELVE IPO
Peter G Livanos-chaired tanker owner Euronav has shelved plans for an IPO on the NYSE due to unfavourable capital market conditions, but will “continue to evaluate market conditions as they develop".
RESTRUCTURING OVER, A STRONGER EAGLE IS READY TO COMPETE
Eagle Bulk has completed its court-approved financial restructuring, leaving the company in a “far stronger position to compete in the cyclical shipping markets”.
DRYSHIPS PULLS $700M NOTE SALE, SEES VALUE SLASHED $169M
DryShips has shelved a $700m notes issue it hoped would cure its convertible headache. The Nasdaq company said continuing with the sale was not in the best interests of the company.
GEORGIOPOULOS-LED GENCO / BALTIC MERGER NOW IN PLAY
Genco has hired investment advisors to assess possible take over sister Baltic Trading in move to merge the two Peter Georgiopoulos-chaired bulk carrier operators a reality.
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Posidonia is organised under the auspices of the Greek shipping community and the five major associations representing Greek shipowner interests: