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Excel Maritime Carriers EXM

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    1. Excel Maritime intends to file for bankruptcy


      Tue, 11 Jun 2013

      June 11 (Reuters) - Drybulk shipper Excel Maritime Carriers Ltd intends to file for Chapter 11 bankruptcy, regulatory filings showed.

    2. Dropping Coverage of Dry-Bulk Shippers


      Wed, 27 Jun 2012

      our dry-bulk shippers: Diana Shipping DSX, Navios Maritime Holdings NM, Genco Shipping & Trading GNK, Excel Maritime Carriers EXM , and Eagle Bulk Shipping EGLE. Despite oversupply issues continuing to weigh on the industry, we still believe

    3. Placing Excel and Genco Under Review


      Wed, 23 May 2012

      We are placing our coverage for Excel Maritime Carriers EXM and Genco Shipping & Trading GNK under review as we reassess our assumptions. While the Baltic Dry Index has recovered since reaching

    4. Excel's Losses Mount in the Fourth Quarter, but the Firm Announces a Favorable Restructuring


      Mon, 19 Mar 2012

      Excel Maritime EXM reported fourth-quarter results that came in below our expectations, but we're leaving our fair value estimate unchanged at

    5. Credit Rating Downgrade: Excel Maritime Carriers


      Fri, 11 Nov 2011

      We are downgrading our credit rating on Excel Maritime Carriers EXM to CCC from B- to reflect weakening credit measures related to the highly volatile dry-bulk shipping industry. We expect that

    6. Excel's Losses Continue in 3Q


      Wed, 26 Oct 2011

      On Tuesday, Excel Maritime EXM reported third-quarter results that were in line with our expectations, and we’re maintaining our fair value estimate of

    7. Excel Reports Second-Quarter Loss; Coverage Remains Under Review


      Fri, 29 Jul 2011

      On Friday, Excel Maritime EXM reported second-quarter results in line with our expectations, but we're keeping our dry-bulk shipping coverage universe

    8. Placing Our Dry-Bulk Shipping Universe Under Review


      Wed, 27 Jul 2011

      various levels of exposure to the weakened dry-bulk market. As such, we expect material fair value changes to Excel Maritime EXM , Genco GNK, and Eagle Bulk EGLE due to their significant fleet exposure to the spot market. Although we still believe Diana

    9. China's Increased Power Prices a Benefit for Dry-Bulk Shipping


      Tue, 31 May 2011

      with larger ships (the prime beneficiaries of higher Chinese coal and iron ore imports) such as Genco GNK and Excel Maritime EXM to enjoy the sharpest short-run gains as a result. However, we caution that the industry still faces a slew of new vessels

    10. Excel's First Quarter Declines, Fair Value Estimate Reduced


      Wed, 4 May 2011

      On Tuesday, Excel Maritime EXM reported first-quarter results that came in line with our expectations, but we’ve reduced our fair value estimate due to the

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