Samsun Logix is the latest domino to fall in they dry-bulk shipping market, bringing pressure on those companies that might be next in line. The South Korean shipping company has filed for the ...

One of Navios Maritime Partners’ (NMM) counterparties, Samsun Logix, has defaulted on its contract. NMM has one vessel, Navios Aurora II, chartered to Samsun Logix, which is expected to be redelivered ...

The facts underlying this proceeding were discussed in a related action, Samsun Logix Corp. v. Bank of China, 740 F Supp 2d 484 [SD NY 2010] [Removal Decision]), in which respondents sought, ...

Included among the factors that, in our view, could cause actual results to differ materially from the forward looking statements contained in this report are the Company's ability to collect amounts ...

South Korean maritime shipping company Samsun Logix Corp. filed for bankruptcy protection in the U.S., the latest dry bulk shipper dragged down amid plunging shipping fees and declining demand for ...

Reduces sale price of M/V Paragon to $30.8 mln To recognize $2.4 mln gain on sale in Q1 2009 Settles dispute with the buyers of M/V La Jolla Commences arbitration against Samsun Logix March 3 (Reuters ...

DryShips Inc. DryShips previously entered into an agreement to sell the M/V Paragon, a 1995 built 71,259 dwt Panamax drybulk carrier, for a sale price of approximately $61m and has reached an ...