Finance

Bulker owner has been “unable to fulfil objectives of its public listing” says majority shareholder.

Simeon Palios-led bulker owner may redeem $63.3m in 2020 notes.

The transaction is expected to improve company liquidity by $11.3m after the vessel’s loan is repaid.

New York-listed bulker owner sees higher revenue on improved charter rates.

Interest in German bank’s decision to sell loans on 40 ships may signal light at end of the tunnel for smaller multipurpose vessels