China’s demand helped sustain dry bulk seaborne trade during the year of the pandemic that was 2020. As a result, an economic rebound with the added emphasis on infrastructure is expected to further improve demand for Australia’s iron ore moving forward. In a recent report, shipbroker Banchero C....
Hellenic Shipping News
Published 3y-7mo-19h-47m ago
Watson Farley amp 038 Williams “WFW” has advised long standing client Danaos Corporation “Danaos” on the refinancing of US$1.25bn of its outstanding senior secured debt which totalled US$1.3bn as of 31 December 2020 . Danaos has refinanced all its outstanding debt under nine senior s....
Hellenic Shipping News
Published 3y-7mo-23h-47m ago
SQLearn and Moore Greece join forces to create innovative online training programs, synchronous and asynchronous, in a wide range of subjects related to administration, financial management and regulatory compliance of shipping companies. SQLearn, having many years of recognized experience in provid....
Hellenic Shipping News
Published 3y-7mo-1d-3h-47m ago
LNG has long been touted as a major factor towards shipping’s switch to cleaner fuels. However, is this really the case today In its latest weekly report, shipbroker Intermodal said that “after the World Bank recently rejected liquefied natural gas, LNG, as a sustainable fuel for shipping in th....
Hellenic Shipping News
Published 3y-7mo-1d-19h-47m ago
Diana Shipping Inc. NYSE: DSX , the “Company” , a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Classic Maritime Inc., for one of its Newcastlemax dry....
Hellenic Shipping News
Published 3y-7mo-1d-19h-48m ago
On April 21st, 2021, the BoD of ThPA S.A. approved the 2020 Annual Financial Report for the Fiscal Year 2020 financial results and activity of ThPA S.A. resulting in increased revenue and profit. The total revenue increased from € 68,9 mil. in 2019 to € 71,7 mil. in 2020 showing an increase of 4....
Hellenic Shipping News
Published 3y-7mo-1d-19h-48m ago
Dynagas LNG Partners LP, an owner and operator of liquefied natural gas “LNG” carriers, today announced that it has entered into a new time charter party agreement with Equinor ASA amp 8220 Equinor amp 8221 for the employment of the 2013 built ice class LNG carrier Arctic Aurora. Under t....
Hellenic Shipping News
Published 3y-7mo-2d-3h-47m ago
A rapidly improving sentiment among owners has prompted the most active first quarter of the last 13 years, when it comes to newbuilding orders. In its latest weekly report, shipbroker Banchero Costa commented this week that “the newbuilding boom has now resulted in the most vessels ordered in a f....
Hellenic Shipping News
Published 3y-7mo-3d-19h-47m ago
SQLearn and Moore Greece join forces to create innovative online training programs, through synchronous and asynchronous educational platformas, in a wide range of subjects related to administration, financial management and regulatory compliance of shipping companies. SQLearn, having many years of ....
Hellenic Shipping News
Published 3y-7mo-3d-19h-48m ago
Capital Product Partners L.P., an international owner of ocean going vessels, today announced the sale of two 9,288 TEU container vessels. The Partnership has entered into a memorandum of agreement for the sale of the M/V amp 8216 CMA CGM Magdalena amp 8217 115,639 dwt / 9,288 TEU, Eco Flex, Wi....
Hellenic Shipping News
Published 3y-7mo-3d-19h-48m ago
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to note that a typically sluggish period in th....
Hellenic Shipping News
Published 3y-7mo-1w-1d-19h-47m ago
Greek Maritime Golf Event, the most successful golf tournament for the shipping community, returns for the 7th year booking its annual appointment with the Greek and world shipping industry, on September 3 5, 2021, at Costa Navarino, in Messinia. The best golf event in Greece and Cyprus, as distingu....
Hellenic Shipping News
Published 3y-7mo-1w-1d-19h-48m ago
PPA S.A. announces the signing of a new supply contract for five 5 Stacking Cranes E RTG , which will be installed in Pier I of the Container Terminal. It is noted that the new electric E RTGs are more environmentally friendly than conventional ones and their use will improve the environmental fo....
Hellenic Shipping News
Published 3y-7mo-1w-1d-19h-48m ago
It is with deep sorrow we learned of the death of John A Angelicoussis. John Angelicoussis was born in Chios in 1948 and joined his father Anthony’s company Agelef Shipping as a 25 year old in 1973, where the company chartered their then modest fleet of bulkers and tankers from their London office....
Hellenic Shipping News
Published 3y-7mo-1w-1d-19h-48m ago
The raging of the pandemic in India and the Southeast of Asia in general is beginning to take its toll in the demolition market as well. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the Pandemic continues to plague the Indian sub. Continent as more restrictions have be....
Hellenic Shipping News
Published 3y-7mo-1w-2d-19h-47m ago
Seanergy Maritime Holdings Corp. announced today that the Company received a commitment letter from one of its existing lenders for a $37.45 million facility the “New Facility” . The proceeds will be used to refinance the $24.45 million existing facility secured by the M/V Squireship and the M/....
Hellenic Shipping News
Published 3y-7mo-1w-2d-19h-48m ago
Demand has picked up in the newbuildiing market, with an increased number of orders being report over the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “it was a week with some very interesting fresh deals in the newbuilding market. In the dry bulk sector, we saw ....
Hellenic Shipping News
Published 3y-7mo-1w-3d-19h-47m ago
WISTA Hellas Annual General Meeting took place on Thursday 8th April. The AGM was held online due to the restrictive measures for the pandemic. The Members at the AGM welcomed Mrs. Christiana Kalogirou, Secretary General for the Aegean and Island Policy, at the Ministry of Maritime Affairs and Insul....
Hellenic Shipping News
Published 3y-7mo-1w-3d-19h-48m ago
Danaos Corporation announced yesterday the consummation of its previously announced $1.25 billion refinancing of a substantial majority of its outstanding senior secured indebtedness. On April 12, 2021, the Company refinanced all of the outstanding indebtedness, which aggregated $1.3 billion as of D....
Hellenic Shipping News
Published 3y-7mo-1w-3d-23h-47m ago
Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its container vessel M/V “Joanna”. Specifically: M/V “Joanna”, a 1,732 TEU vessel built in 1999, entered into a new tim....
Hellenic Shipping News
Published 3y-7mo-1w-4d-3h-47m ago
The dry bulk market is enjoying its best annual start in a decade, thanks to a big rise in demand and supply chain disruptions. In its latest report, shipbroker Allied Shipbroking said that “with the first quarter of the year having come to a close, we can already see the exuberant aftermath of th....
Hellenic Shipping News
Published 3y-7mo-1w-4d-19h-47m ago
Pivoted into a virtual event, the 7th international Symposium on Ship Operations, Management, and Economics scheduled to take place on 6 amp 38 7 April 2021 was successfully concluded. During the 2 day program 2 inspiring keynote speeches and 16 presentations on the topics of Design amp 38 Fab....
Hellenic Shipping News
Published 3y-7mo-1w-4d-19h-47m ago
An alliance of Greek and Swedish shipowners, along with Transport amp 038 Environment T amp 038 E , has called on the European Commission to put the ‘polluter pays principle’ at the core of its emissions trading system ETS proposal. In a letter to the Commission, the coalition demands tha....
Hellenic Shipping News
Published 3y-7mo-1w-4d-19h-47m ago
Esben Poulsson, Chairman of ICS said: “ICS offers its heartfelt condolences following the passing of John Angelicoussis. “Mr Angelicoussis was without doubt a giant, not only of Greek shipping, but of the global industry as well. Often referred to as a Titan, it is difficult to overstate his end....
Hellenic Shipping News
Published 3y-7mo-1w-4d-23h-47m ago
After a three week battle under hospital care, prominent shipowner Mr. Ioannis Angelicoussis, President of the Angelicoussis Shipping Group Ltd., passed away on Saturday evening. He has suffered a heart attack. In a statement by the Angelicoussis family and his daughter Maria, they thanked the medic....
Hellenic Shipping News
Published 3y-7mo-1w-5d-19h-47m ago
Sri Lanka on Friday Apr 9 lodged a claim for US$17.38 million with the Greek owners of an oil tanker that caught fire and left a spill stretching 40km off the South Asian island. The New Diamond vessel was travelling from Kuwait to India with 270,000 tonnes of crude oil on board last September whe....
Hellenic Shipping News
Published 3y-7mo-1w-5d-23h-47m ago
With dry bulk rates witnessing “boom” times, it’s worth taking a look at one of the important markets, i.e. Brazil and its exports of soybean. In its latest weekly report, shipbroker Banchero Costa said that “two weeks ago, we discussed soybean exports from the United States during 2020 and ....
Hellenic Shipping News
Published 3y-7mo-2w-19h-47m ago
Demand for second hand dry bulk tonnage has been rising of late, with shipowners’ focus being the Handysize and Supramax sectors. In its latest weekly report, shipbroker Intermodal said that “following the end of the catholic easter, during which the majority of shipping market participants were....
Hellenic Shipping News
Published 3y-7mo-2w-1d-19h-47m ago
PPA S.A. announces the approval of the tender evaluation regarding the amp 8220 Supply of two 2 double level luffing jib cranes for the activities of Ship Repair Zone in Perama in the framework of the Mandatory Enhancement M.E.06” for the amount of nearly 8 million euros. The super modern and ....
Hellenic Shipping News
Published 3y-7mo-2w-1d-19h-48m ago
The boosting of financial incentives by scrapyards over the past few weeks seems to have worked, as more and more tonnage becomes available for scrapping. In its latest weekly report, shipbroker Clarkson Platou Hellas that “after having seen some barren weeks in the recycling field, due to the imp....
Hellenic Shipping News
Published 3y-7mo-2w-2d-19h-47m ago
TOP Ships Inc., an international owner and operator of modern, fuel efficient amp 8220 ECO amp 8221 tanker vessels, announced today that it took delivery of the very high specification, scrubber fitted, 157,000 dwt newbuilding Suezmax vessel M/T Eco West Coast constructed at the Hyundai Heavy In....
Hellenic Shipping News
Published 3y-7mo-2w-2d-23h-47m ago
A slight reduction was clear in the S amp 38 P market this past week, as Easter Holidays and Spring Break festivities were in full motion. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the overall activity momentum shifted slightly as of the past week....
Hellenic Shipping News
Published 3y-7mo-2w-3d-19h-47m ago
Datum Electronics’ Marine Shaft Power Meter is now available in Greece via global environmental experts EPE. The Datum Electronics’ Marine Shaft Power Meter has been developed to meet the requirements of the Commercial Marine Market, to provide on going power monitoring data on ships, including ....
Hellenic Shipping News
Published 3y-7mo-2w-3d-19h-48m ago
Certain sectors of the shipping industry are bound to benefit from the recent blockade of the Suez Canal which managed to clear the backlog of ships just this past weekend after almost two weeks of delays. The impact in freight rates is imminent. In its latest weekly report, shipbroker Intermodal sa....
Hellenic Shipping News
Published 3y-7mo-2w-4d-19h-47m ago
The smaller bulker segment used to be something of a “pariah” in the dry bulk market, with larger units attracting most of the investment interest and headlines. However, this trend seems to be reversing now. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a l....
Hellenic Shipping News
Published 3y-7mo-3w-1d-19h-47m ago
Navios Maritime Partners L.P. announced that it completed the acquisition of Navios Maritime Containers L.P. “Navios Containers” NASDAQ: NMCI . As of the close of the market on March 31, 2021, Navios Containers’ common units were no longer listed for trading on NASDAQ. Angeliki Frangou, Cha....
Hellenic Shipping News
Published 3y-7mo-3w-1d-23h-47m ago
The demolition market has finally seen some action after a few weeks of limited activity and lack of available tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after having seen some barren weeks in the recycling field, due to the improving freight markets and ste....
Hellenic Shipping News
Published 3y-7mo-3w-2d-19h-47m ago
Performance Shipping Inc. NASDAQ: PSHG , the “Company” , a global shipping company specializing in the ownership of tankers, today announced that H.C. Wainwright amp 038 Co. has initiated analyst coverage of the Company with a “Buy” rating and US$11.00 price target. H.C. Wainwright is a....
Hellenic Shipping News
Published 3y-7mo-3w-2d-19h-48m ago
Inmarsat, the world leader in global, mobile satellite communications, has signed an agreement with SRH Marine Electronics for SRH to provide formal representation for support to customers in Greece and Cyprus, whose Inmarsat Maritime contracts were purchased from Speedcast by Inmarsat at the beginn....
Hellenic Shipping News
Published 3y-7mo-3w-2d-19h-48m ago
Deputy Shipping Minister Vassilis Demetriades said on Tuesday the government had not given up on establishing a ferry link with Greece and was hoping the European Commission would allow better terms that would attract an investor after no bidders showed an interest in the original contract. Demetria....
Hellenic Shipping News
Published 3y-7mo-3w-2d-19h-48m ago
Activity in the S amp 38 P market is “sizzling hot” at the moment, with more owners entering the market for second hand tonnage. An improved freight rate market is seen as the main reason for this development. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bu....
Hellenic Shipping News
Published 3y-7mo-3w-3d-19h-47m ago
Seanergy Maritime Holdings Corp. the “Company” NASDAQ: SHIP announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a modern Capesize vessel the “Vessel” . Upon delivery of this acquisition, as well as the previously announced vessel ....
Hellenic Shipping News
Published 3y-7mo-3w-3d-19h-48m ago
The dry bulk market is prone to increased volatility. However, this time around, it seems that the market is gearing up for a new upward cycle. In its latest weekly report, shipbroker Allied Shipbroker said that “it has been more than a year since the COVID pandemic started a series of lockdown me....
Hellenic Shipping News
Published 3y-7mo-3w-4d-19h-47m ago
Further disruptions and delays in the global supply chain are a given, after the closure of the Suez Canal since last Tuesday. For most ship owners though, this development is expected to further boost their bottom lines. In its latest weekly report, shipbroker Gibson said that “since Tuesday, the....
Hellenic Shipping News
Published 3y-7mo-3w-5d-19h-47m ago
Regardless of the Suez Canal blockade which has stolen the headlines during the past few days, the maritime industry’s importance in the supply chain and the flow of commodities and goods around the world has been highlighted, perhaps in the most prominent way, during the pandemic. In its latest w....
Hellenic Shipping News
Published 3y-7mo-4w-18h-47m ago
A lack of tonnage has continued to plague the ships’ recycling market this week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we turn the page on another week, the story remains repetitive as there continues a lack of tonnage supply due to the ever improving chart....
Hellenic Shipping News
Published 3y-7mo-4w-1d-18h-47m ago
Navios Maritime Partners L.P. “Navios Partners” NYSE: NMM , an international owner and operator of dry cargo vessels, yesterday reported its financial results for the fourth quarter and year ended December 31, 2020. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners sta....
Hellenic Shipping News
Published 3y-7mo-4w-1d-18h-48m ago
TEN, Ltd. TEN reports results unaudited for the fourth quarter and the year ended December 31, 2020. FINANCIAL RESULTS FOR THE YEAR 2020 In 2020, TEN earned a net income of $59.2 million before non cash charges of $35.2 million, compared to $42.7 million net income in 2019 excluding non cash imp....
Hellenic Shipping News
Published 3y-7mo-4w-1d-22h-47m ago
Globus Maritime Limited, a dry bulk shipping company, announced that it has entered into, through a separate wholly owned subsidiary, an agreement with an unaffiliated third party to purchase a 2018 built “Eco” i.e., with certain fuel efficiency design features Kamsarmax vessel built by the Ji....
Hellenic Shipping News
Published 3y-7mo-4w-1d-22h-48m ago
Newbuilding orders and sales in the secondhand market have intensified during the past week, as ship owners are preparing ahead of an expected boom in trade flows. In its latest weekly report, shipbroker Allied Shipbroking said that “it was a very active week in the newbuilding market, with severa....
Hellenic Shipping News
Published 3y-8mo-18h-47m ago
An economic resurgence of China has been enough to propel the container and dry bulk markets forward. In its latest weekly report, shipbroker Allied Shipbroking said that “China’s surging economic activity has been the main story thus far in the year, with the increased industrial output and rev....
Hellenic Shipping News
Published 3y-8mo-1d-18h-47m ago
Vodafone Business ushered in a new era for the Piraeus Container Terminal, which promises cutting edge technologies and new, unlimited possibilities for the country amp 8217 s largest port. Acting as a catalyst in Greece’s technology and telecommunications, Vodafone designed, built, and delivered....
Hellenic Shipping News
Published 3y-8mo-1d-18h-48m ago
Kongsberg Digital announced today that Dorian LPG DK ApS, a subsidiary of Dorian LPG Ltd. Dorian , which is a leading owner and operator of modern VLGCs, has contracted to install Vessel Insight to its entire fleet of 22 LPG carriers. By installing Vessel Insight, Dorian is consolidating collecti....
Hellenic Shipping News
Published 3y-8mo-1d-18h-48m ago
The shipping industry, together with engine manufacturers and oil companies are actively pursuing new technologies to reach the environmental goals set forth by global regulators. Within that context, one of the technologies which could be groundbreaking, is that of carbon capture. In its latest wee....
Hellenic Shipping News
Published 3y-8mo-2d-18h-47m ago
Seanergy Maritime Holdings Corp. announced that it has entered into agreements with unaffiliated third parties to purchase two Capesize vessels. Following their delivery, the size of the Company’s fleet will increase to 14 Capesize vessels with an aggregate cargo capacity of approximately 2.5 mill....
Hellenic Shipping News
Published 3y-8mo-5d-18h-48m ago
Euroseas Ltd. NASDAQ: ESEA, the “Company” or “Euroseas” , an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “EM Kea” and a new time charter contract for ....
Hellenic Shipping News
Published 3y-8mo-6d-2h-47m ago
Dry bulk tonnage is a “hot commodity” right now, as ship owners are opting to add more tonnage in their fleet, in anticipation of improved market fundamentals moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “a moderate activity was witnessed in the newbuild....
Hellenic Shipping News
Published 3y-8mo-6d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that on March 16, 2021 it signed, through a separate wholly owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006 built vessel “Naias”, with de....
Hellenic Shipping News
Published 3y-8mo-6d-22h-47m ago
Star Bulk Carriers Corp. the amp 8220 Company amp 8221 or amp 8220 Star Bulk amp 8221 Nasdaq: SBLK a global shipping company focusing on the transportation of dry bulk cargoes announced yesterday that it has taken delivery of six dry bulk vessels pursuant to the previously announced tran....
Hellenic Shipping News
Published 3y-8mo-6d-22h-47m ago
The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are starting to normalize as both owners and yards have adapted to the new challenges. In its latest weekly report, shipbroker Intermodal said that “assessing the ship repair sect....
Hellenic Shipping News
Published 3y-8mo-1w-1d-18h-47m ago
An increase in ton mile demand is to be expected from news mid week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker Gibson commented on the matter that “India is in a unique position. The country will witness the largest increase in energy demand....
Hellenic Shipping News
Published 3y-8mo-1w-2d-18h-47m ago
The tanker market fared better during the month of February. According to the latest monthly report from OPEC, issued this week, dirty tanker rates picked up in February, as a more than 20% increase in both Suezmax and Aframax spot freight rates outpaced a 6% decline in VLCCs. Weather was a key fact....
Hellenic Shipping News
Published 3y-8mo-1w-4d-18h-47m ago
All hope for the tanker market’s recovery is rested on the second half of the year, when oil demand is expected to rebound considerably. In its latest weekly report, shipbroker Allied Shipbroking said that “the uninspiring freight scene in the crude oil tanker market has persisted for a very lon....
Hellenic Shipping News
Published 3y-8mo-1w-5d-18h-47m ago
The purpose of the new educational programs jointly organized by VANOS S.A. and TÜV HELLAS is to inform the participants of current issues of extreme importance, concerning the safety and health of the employees. These programs, which take into account the new data created by the coronavirus pandem....
Hellenic Shipping News
Published 3y-8mo-1w-5d-18h-48m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Olam International Limited, Singapore, for one of its Newcastlemax dry bulk vessels, th....
Hellenic Shipping News
Published 3y-8mo-1w-5d-22h-47m ago
The ships’ recycling market has perked up considerably over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market finally sparked back into some life this week with demand from Pakistan being the driving force behind this latest resurge....
Hellenic Shipping News
Published 3y-8mo-1w-6d-18h-47m ago
NAVIGATOR SHIPPING CONSULTANTS proudly announces the organization of the “20th NAVIGATOR – The Shipping Decision Makers Online Week”, which will be held virtually during the period 12th to 16th amp 038 19th April 2021. «NAVIGATOR amp 8211 The Decision Makers Forum», one of the most tra....
Hellenic Shipping News
Published 3y-8mo-1w-6d-22h-47m ago
ABS has signed a pioneering agreement with Diana Shipping Services S.A. DSS to implement the industry leading ABS Environmental Monitor™ digital sustainability solution across 31 vessels under its management. A key part of the ABS My Digital Fleet™ risk management platform, ABS Environmental M....
Hellenic Shipping News
Published 3y-8mo-2w-6h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that its wholly owned subsidiary, Diana Shipping Services S.A. “DSS” , has signed an agreement with American Bureau of Shipping “ABS” to implement the ABS Environmental Monito....
Hellenic Shipping News
Published 3y-8mo-2w-18h-48m ago
Key Greek shipping representatives were joined by recently appointed LR executives to discuss how the industry can navigate the drive to decarbonise and energy efficiency challenges. The Lloyd’s Register LR Hellenic Advisory Committee HAC 2021 was held in a digital format and provided a forum ....
Hellenic Shipping News
Published 3y-8mo-2w-18h-48m ago
Seafarers onboard often face mental health related challenges, as isolation, loneliness, lack of shore leave, fear of criminalization, fear of job loss and separation from family can affect their mental health. We all have similar influences that impact our state of mental health and we should ideal....
Hellenic Shipping News
Published 3y-8mo-2w-22h-47m ago
With the global economy and trade expected to develop rapidly in the post pandemic period, shipbrokers expect that the dry bulk market and more specifically, freight rates for mid sized bulkers could be the main beneficiaries. In its latest weekly report, shipbroker Intermodal said that “following....
Hellenic Shipping News
Published 3y-8mo-2w-1d-18h-47m ago
ThPA S.A. received the certification of compliance with the international standard ISO 45001:2018 for the management of Health amp 038 Safety after a thorough and demanding inspection carried out by the independent certification body Bureau Veritas. The Port of Thessaloniki is the 1st Greek Port ....
Hellenic Shipping News
Published 3y-8mo-2w-1d-22h-47m ago
Seaborne coal trade was one of the major “losers” of 2020, as total loadings fell significantly as a result of lower demand. In a recent weekly report, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for seaborne coal trade. Total loadings in the 12 months of 2020 ....
Hellenic Shipping News
Published 3y-8mo-2w-4d-18h-47m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, Friday reported a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.5 million for the fourth quarter of 2020, compared to a net loss and net....
Hellenic Shipping News
Published 3y-8mo-2w-4d-18h-48m ago
Shipping shouldn’t get too carried away by the bullish sentiment which is prevalent in the commodities markets these days, amid talk of a new “super cycle”. Sustainability of demand is of paramount importance when it comes to maintaining an upward momentum in the freight market. In its latest ....
Hellenic Shipping News
Published 3y-8mo-2w-5d-18h-47m ago
Seanergy Maritime Holdings Corp. announced yesterday that it has come to an agreement with one of its lenders, Entrust Global, for the early prepayment of a credit facility secured by a first priority mortgage on one of its Capesize vessels, the M/V Lordship the “Facility” . The outstanding bal....
Hellenic Shipping News
Published 3y-8mo-2w-5d-18h-48m ago
Globus Maritime Limited, a dry bulk shipping company, announced today that it has secured a new charter employment for its vessel MV. Sky Globe a 56,855 deadweight ton Supramax dry bulk carrier built in 2009, at the Kouan Shipbuilding Industry Shipyard . The vessel has been chartered to an unrelate....
Hellenic Shipping News
Published 3y-8mo-2w-5d-22h-48m ago
Star Bulk Carriers Corp. the amp 8220 Company amp 8221 or amp 8220 Star Bulk amp 8221 Nasdaq: SBLK a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it has entered into a definitive agreement with a third party pursuant to which the Compan....
Hellenic Shipping News
Published 3y-8mo-2w-6d-2h-47m ago
A lack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market has limited selling opportunits among ship owners. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with owners still enjoying the fruits of the continued firm freig....
Hellenic Shipping News
Published 3y-8mo-2w-6d-18h-47m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, today announced that the Company’s Annual Meeting of Shareholders the “Meeting” was duly held on February 25, 2021, in a virtual format only via the Internet, pursuant to a Notice of Annual Meeting....
Hellenic Shipping News
Published 3y-8mo-2w-6d-22h-47m ago
Ship owners have been more active in the newbuiding market after China’s return from its New Year festivities. In its latest weekly report, shipbroker Allied Shipbroking said that “interest remained strong for yet another week in the newbuilding market, but with a relatively small number of tran....
Hellenic Shipping News
Published 3y-8mo-3w-18h-47m ago
With the past four years being marred by various trade frictions, the US China being the biggest one, it’s expected that trade flows could start to normalize, with new agreements in the works able to shift and even enhance flows in the future. In a recent weekly note, shipbroker Allied Shipbroking....
Hellenic Shipping News
Published 3y-8mo-3w-1d-18h-47m ago
Israeli authorities said Sunday they had cleared a Greek tanker of suspicion in relation to an oil spill that caused massive tar pollution on the Mediterranean coastline, devastating marine life. It is seen as Israel amp 8217 s worst maritime pollution incident in decades. Powerful winds and unusua....
Hellenic Shipping News
Published 3y-8mo-3w-2d-22h-47m ago
The tanker market is expected to keep facing headwinds, at least for the next few months. In a market analysis by ship owner Teekay Tankers this week, it was noted that “crude tanker spot rates declined during the fourth quarter of 2020, due to a combination of lower oil demand as a result of COVI....
Hellenic Shipping News
Published 3y-8mo-3w-4d-18h-47m ago
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The ....
Hellenic Shipping News
Published 3y-8mo-3w-4d-18h-48m ago
The 1st meeting for this year of the Piraeus Port Users’ Council was held via teleconference, on Thursday 25.02.2021, as provided by the article 104 of Law 4504/2017, under the chairmanship of the Deputy CEO of PPA S.A. Mr. Angelos Karakostas. The meeting attended 20 representatives from 16 instit....
Hellenic Shipping News
Published 3y-8mo-3w-4d-22h-47m ago
Dry bulk ship owners are once again enjoying a bit of “love” from investors, as the dry bulk market has managed to escape any potential impact from the pandemic, going from strength to strength. In its latest weekly report, shipbroker Intermodal said that “with yields of up to 563%, the shares....
Hellenic Shipping News
Published 3y-8mo-3w-5d-18h-47m ago
STEALTHGAS INC. NASDAQ: GASS , a ship owning company primarily serving the liquefied petroleum gas LPG sector of the international shipping industry, announced today its unaudited financial and operating results for the twelve months ended December 31, 2020. OPERATIONAL AND FINANCIAL HIGHLIGHTS1 ....
Hellenic Shipping News
Published 3y-8mo-3w-5d-18h-48m ago
The ship recycling market was halted over the past week, as holidays in the Far East meant a lull in sales. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the holidays in the Far East continuing into this week, the market was never able to get off the ground as a ......
Hellenic Shipping News
Published 3y-8mo-3w-6d-18h-47m ago
A bullish sentiment is prevalent in the dry bulk market, leading to an increased demand for second hand tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the market seems to be overflowing with bullish sentiment at this point. Overall activity was....
Hellenic Shipping News
Published 3y-9mo-18h-47m ago
More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro cap stocks and some of the recent departures have been big names. On Monday, liquefied natural gas LNG shipping giant GasLog Ltd. NYSE: GLOG announced plans to go priva....
Hellenic Shipping News
Published 3y-9mo-18h-48m ago
Diana Shipping Inc. NYSE: DSX , the “Company” , a global shipping company specializing in the ownership of dry bulk vessels, today announced that its Board of Directors has approved a series of senior management appointments intended to provide for an orderly succession and to ensure the conti....
Hellenic Shipping News
Published 3y-9mo-1d-2h-47m ago
GasLog Partners LP, an international owner and operator of liquefied natural gas “LNG” carriers, yesterday reported its financial results for the three month period and the year ended December 31, 2020. Highlights • Following the completion of the Partnership’s strategic review, GasLog Par....
Hellenic Shipping News
Published 3y-9mo-1d-6h-47m ago
GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas “LNG” carriers, reported its financial results for the three month period and the year ended December 31, 2020. Highlights • Announces agreement for the acquisition of approximately 45% of....
Hellenic Shipping News
Published 3y-9mo-1d-18h-48m ago
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $7.4 million and net loss attributed to common stockholders of $8.9 million for the fourth quarter of 2020, including a $1.9 million impairment loss. This compares to a net l....
Hellenic Shipping News
Published 3y-9mo-1d-18h-48m ago
The Interdepartmental MSc in International Shipping, Finance and Management ISFM comprises a unique combination of the three knowledge areas, which are essential for those employed or are interested to find work in the International Shipping industry. This is achieved through a modern, well struct....
Hellenic Shipping News
Published 3y-9mo-1d-22h-47m ago
GasLog Ltd. announced that it has entered into an agreement and plan of merger the “Merger Agreement” with BlackRock’s Global Energy amp 038 Power Infrastructure team collectively, “GEPIF” , which is focused on essential, long term infrastructure investments in the energy and power s....
Hellenic Shipping News
Published 3y-9mo-1d-22h-47m ago
Seanergy Maritime Holdings Corp. announced today the successful completion of the registered direct offering priced at the market the “Offering” announced on February 16, 2021 and the successful closing of the documentation for the $179 million financial restructuring previously announced on J....
Hellenic Shipping News
Published 3y-9mo-2d-18h-48m ago
The Pacific Basin proved to be the major driving force behind Qatar’s LNG exports. In its latest weekly report, shipbroker Banchero Costa said that “in the 12 months of 2020, global seaborne LNG trade increased marginally by +1.2% year on year to 362 mln tonnes, according to vessel tracking data....
Hellenic Shipping News
Published 3y-9mo-4d-18h-47m ago
The shipping industry is in a prime position to reap any benefits that come its way, from the latest surge in commodities’ prices. In its latest weekly report, shipbroker Allied Shipbroking said that “there has been a flurry of talks this week as to the bullish prospects many see through the com....
Hellenic Shipping News
Published 3y-9mo-5d-18h-47m ago
Cobham SATCOM, the market leading provider of radio and satellite communications solutions, has appointed long term partner Tototheo Maritime, a leading maritime technology and services provider, to be its representative in Greece. Tototheo has been the exclusive authorized agent and service partner....
Hellenic Shipping News
Published 3y-9mo-5d-18h-48m ago
Globus Maritime Limited the “Company” or amp 8220 Globus amp 8221 NASDAQ: GLBS , a dry bulk shipping company, announced today that on February 17, 2021 it closed the previously announced registered direct offering of 4.8 million common shares or pre funded warrants in lieu thereof and w....
Hellenic Shipping News
Published 3y-9mo-5d-22h-47m ago
When Theo Xenakoudis joined IRI in 2001, the Piraeus office was only 4 strong, and was led by Captain John Giannopoulos, together with Theo’s father, Captain Costas Xenakoudis. The office focused on processing seafarers’ documentation and licensing, as well as conducting ships’ inspections in ....
Hellenic Shipping News
Published 3y-9mo-6d-6h-47m ago
Ship owners are feeling more confident in terms of contracting more newbuildings, as evidenced by the activity of the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “despite being in the midst the peak period of the Chinese New Year Festivities, which is typic....
Hellenic Shipping News
Published 3y-9mo-6d-18h-47m ago
Pyxis Tankers Inc., an emerging growth pure play product tanker company, today announced that it has entered into definitive securities purchase agreements with a group of investors, which will result in gross proceeds to Pyxis Tankers of $25.0 million, before deducting placement offering expenses. ....
Hellenic Shipping News
Published 3y-9mo-6d-18h-47m ago
EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three and twelve month periods ended December 31, 2020. Full Year 2020 Highlights: • Total net revenues of $22.3 million. • Net loss of $5.9 mi....
Hellenic Shipping News
Published 3y-9mo-6d-18h-48m ago
Danaos Corporation, one of the world’s largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2020. Highlights for the Fourth Quarter and Year Ended December 31, 2020: • Adjusted net income1 of $47.8 million, or $2.29....
Hellenic Shipping News
Published 3y-9mo-6d-18h-48m ago
Seanergy Maritime Holdings Corp. the “Company” NASDAQ: SHIP announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately 44,150,000 of its common shares the “Common Shares” at a price of $1.70 per s....
Hellenic Shipping News
Published 3y-9mo-1w-2h-47m ago
The ship recycling market is predicted to accelerate in terms of activity during the coming weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there is hope that a more bullish market may come into play following rumours that the Chinese Government may decide to impor....
Hellenic Shipping News
Published 3y-9mo-1w-18h-47m ago
Maritime technology company ZeroNorth has today announced it has opened a new office in Piraeus, Greece, to further its aim to support more ship owners and operators to digitalise and decarbonise their operations. The new office is an important expansion for ZeroNorth and signifies the role of Greek....
Hellenic Shipping News
Published 3y-9mo-1w-18h-48m ago
Seanergy Maritime Holdings Corp. announced yesterday that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel the “Vessel” . The Vessel was built in 2006 at a reputable shipyard in Japan, has a cargo carrying capacity of approximately 177,00....
Hellenic Shipping News
Published 3y-9mo-1w-18h-48m ago
Please be informed that the port of Piraeus in Greece currently suffers from bad weather conditions with strong north winds, low temperature, snowfall, and ice during the night hours, since the afternoon of Sunday, February 14th, 2021. Additionally, as reported by the terminal operator, a complete s....
Hellenic Shipping News
Published 3y-9mo-1w-22h-47m ago
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and twelve months period ended December 31, 2020. Management Commentary Dr. Loukas Barmparis, President of the Company, said: amp 8221 Having a consisten....
Hellenic Shipping News
Published 3y-9mo-1w-1d-6h-47m ago
A lack of correction in terms of the dry bulk market during most of January, has led to asset prices retaining their high values. Contrary to past years, when January usually was a “lackluster” month freight rate wise, this time around was different. As a result pricing for secondhand tonnage re....
Hellenic Shipping News
Published 3y-9mo-1w-1d-18h-47m ago
Seanergy Maritime Holdings Corp. announced that the Nasdaq Stock Market has confirmed that the Company has regained compliance with Nasdaq Listing Rule 5550 a 2 concerning the minimum bid price of the Company’s common stock and the matter is now closed. Seanergy Maritime Holdings Corp. is the on....
Hellenic Shipping News
Published 3y-9mo-1w-2d-22h-47m ago
The tanker market has faced a torrid start to 2021, with a lackluster performance. In its latest monthly report, OPEC said that dirty tanker rates remained at muted levels in January, below operational costs in some cases, although rates from West Africa picked up. A host of factors have weighed on ....
Hellenic Shipping News
Published 3y-9mo-1w-4d-18h-47m ago
With the Chinese New Year holidays in full swing, dry bulk market analysts are wondering whether the freight market will manage to regain its upwards momentum, once the Chinese economy gets back to work. In its latest weekly report, shipbroker Allied Shipbroking said that “throughout the pandemic,....
Hellenic Shipping News
Published 3y-9mo-1w-5d-18h-47m ago
Newbuilding orders picked up over the past week, while many ship owners also opted for more secondhand tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “a moderate rise in activity was seen this past week, without any impressive figures though being noted. In the dry b....
Hellenic Shipping News
Published 3y-9mo-1w-6d-18h-47m ago
ThPA S.A. announces the purchase of two 2 new, specially designed STS Cranes Ship To Shore Cranes for the Port of Thessaloniki in order to further increase its competitive geographical advantage for intermodal transports to and from South East Europe. With the acquisition of the new equipment, T....
Hellenic Shipping News
Published 3y-9mo-1w-6d-18h-48m ago
Structural changes in the shipbreaking industry in the Southeast Asia region are about to provide additional support to the demolition market. In its latest weekly report, the shipbroker Clarkson Platou Hellas said that “the budget announcement from India this week brought some positive news towar....
Hellenic Shipping News
Published 3y-9mo-2w-18h-47m ago
Seanergy Maritime Holdings Corp. announced today that it has successfully completed the evaluation of the Energy Efficiency Existing Ship Index “EEXI” of its Capesize vessels. IMO is targeting a 50% reduction in Greenhouse Gas “GHG” emissions from international shipping by 2050, compared....
Hellenic Shipping News
Published 3y-9mo-2w-18h-48m ago
GasLog Partners LP announced yesterday that it has appointed Roland Fisher as Independent Director to the Partnership’s Board of Directors the “Board” , effective immediately. Roland Fisher is the founder of Gasfin Development, a company recognized for pioneering mid scale LNG infrastructure ....
Hellenic Shipping News
Published 3y-9mo-2w-18h-48m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Reachy International HK Co., Limited, for one of its Panamax dry bulk vessels, the m/....
Hellenic Shipping News
Published 3y-9mo-2w-22h-47m ago
The dry bulk market could be set for a sustainable rebound in the coming months and years, if the existing fundamentals are maintained. In its latest weekly report, shipbroker Intermodal said that “2020 the year from hell for the entire world, had everything for shipowners. The introduction of the....
Hellenic Shipping News
Published 3y-9mo-2w-1d-18h-47m ago
The VLCC tanker market shouldn’t have high hopes, when it comes to more capacity for crude oil exports from the US market. In its latest weekly report, shipbroker Gibson said that “with everything the pandemic has thrown at the oil industry, the last time we took a serious look at US VLCC export....
Hellenic Shipping News
Published 3y-9mo-2w-2d-18h-47m ago
As the pandemic raged during 2020, EU’s crude oil imports took a dive. In its latest weekly report, shipbroker Banchero Costa said that “in 2020, Europe emerged as one of the pre eminent epicentres of the COVID19 crisis. The lockdowns taking place in most of the continent are having a devastatin....
Hellenic Shipping News
Published 3y-9mo-2w-4d-18h-47m ago
The submission of binding financial and technical offers for the 2nd Stage – Call for Bids for the selection of the contractor for the project “Expansion of the Marine Works Infrastructure of Pier 6 completed today, Friday 5th of February 2021 at 15:00. This project is the most important part of....
Hellenic Shipping News
Published 3y-9mo-2w-4d-18h-48m ago
SSL Endeavour in Greece amp 038 Cyprus has now officially rebranded to OneGlobal Insurance Broking Ltd in full alignment with the Group’s businesses globally. The name OneGlobal mirrors the global reach of the business and the one amp 8211 team mindset that they bring to their clients no mat....
Hellenic Shipping News
Published 3y-9mo-2w-5d-6h-48m ago
Dry bulk carriers have been the “weapon of choice” for many ship owners. In its latest weekly report, shipbroker Allied Shipbroking said that “the year has started off on a very strong footing, with the sale and purchase market having rallied in recent weeks with a strong volume of activity em....
Hellenic Shipping News
Published 3y-9mo-2w-5d-18h-47m ago
Ship owners have turned to the S amp 38 P Market this week, in order to add more dry bulk tonnage to their fleet. At the same time, newbuilding activity is expected to increase as well, thanks to improving freight rate market conditions and stable prices. In its latest weekly report, shipbroker All....
Hellenic Shipping News
Published 3y-9mo-2w-6d-18h-47m ago
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers amp 8220 VLGCs amp 8221 , announced that it will today commence a tender offer to purchase up to 7,407,407, or about 14.8%, of its outstanding common shares using funds available from cash and cash equivalents at a ....
Hellenic Shipping News
Published 3y-9mo-2w-6d-18h-48m ago
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers amp 8220 VLGCs amp 8221 , reported its financial results for the three months ended December 31, 2020. Key Recent Development • Announced that we will commence a tender offer to purchase up to 7.4 million, or abou....
Hellenic Shipping News
Published 3y-9mo-2w-6d-22h-47m ago
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced yesterday that it has entered into an agreement with SCORPIO BULKERS INC. “Scorpio” NYSE: SALT to acquire seven vessels the “Vessels” , by assuming the outstanding lease obli....
Hellenic Shipping News
Published 3y-9mo-3w-6h-47m ago
Adverse sentiment has taken a toll in the demolition market this week. In its latest weekly report, Clarkson Platou Hellas said that “it has been a sluggish week with many buyers feeling reluctant to offer on tonnage as the Global distress currently being experienced due to the Pandemic continues ....
Hellenic Shipping News
Published 3y-9mo-3w-18h-47m ago
GreenSteam Vessel Optimisation Ltd., developers of vessel performance optimisation solutions for a sustainable shipping industry, has acquired the assets of Greece based maritime software specialist Enerforce Solutions and Consulting Ltd to diversify and enhance its product offering driven by Libert....
Hellenic Shipping News
Published 3y-9mo-3w-18h-48m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced the final results of its tender offer to purchase up to 6,000,000 shares of its common stock, par value of US$0.01 per share the amp 8220 common stock amp 8221 , at a price of US$2.50 per....
Hellenic Shipping News
Published 3y-9mo-3w-18h-48m ago
Costamare Inc.yesterday reported unaudited financial results for the fourth quarter “Q4 2020” and year ended December 31, 2020. I. PROFITABILITY • Q4 2020 Adjusted Net Income available to common stockholders 1 of $32.7 million. • Q4 2020 Adjusted Earnings per Share 1 of $0.27. • Full y....
Hellenic Shipping News
Published 3y-9mo-3w-22h-47m ago
Globus Maritime Limited, a dry bulk shipping company, announced that it has secured a new charter employment for its vessel Sun Globe a 58,790 deadweight ton built Supramax dry bulk carrier built in 2007, at Tsuneishi Heavy Industries Cebu shipyard . The vessel has been chartered to an unrelated ch....
Hellenic Shipping News
Published 3y-9mo-3w-1d-2h-47m ago
New Nettitude hub will bring advanced cyber expertise to Greece and follows LR’s recent bolstering of Greek commercial team. Nettitude, the cyber security services provider of Lloyd’s Register LR , has announced the location of a new operations centre in Athens, Greece. Founded in 2003 and acqu....
Hellenic Shipping News
Published 3y-9mo-3w-1d-6h-47m ago
The energy mix is bound to shift, as fossil fuels are expected to take a back seat, in favor of alternative fuels. As such, the tanker market is going to face structural changes moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “one of the dominating trends in in....
Hellenic Shipping News
Published 3y-9mo-3w-1d-18h-47m ago
Seanergy Maritime Holdings Corp. announced today that it has entered into time charter contracts “T/C” for two additional Capesize vessels with Anglo American, a leading global mining corporation, and Pacbulk Shipping, a major Asian drybulk operator. Furthermore, another Capesize vessel of the....
Hellenic Shipping News
Published 3y-9mo-3w-1d-22h-47m ago
An increase of seaborne crude oil exports from Canada could be the case in the future, after the latest setback regarding the Keystone XL pipeline project. In its latest weekly report, shipbroker Gibson said that “some major but unsurprising decisions shook the North American energy market last We....
Hellenic Shipping News
Published 3y-9mo-3w-2d-18h-47m ago
Seaborne coal trade has retreated during 2020, as major exporters witnessed lower trade figures. In its latest weekly report, shipbroker Banchero Costa said that “in the 12 months of 2020, global seaborne coal trade declined by as much as 12.7% year on year, according to vessel tracking data from....
Hellenic Shipping News
Published 3y-9mo-3w-4d-18h-47m ago
Capital Product Partners L.P., an international owner of ocean going vessels, Friday released its financial results for the fourth quarter ended December 31, 2020. Agreed to acquire three 5,100 TEU container vessels with five year employment for a total consideration of $40.5 million. Operating Surp....
Hellenic Shipping News
Published 3y-9mo-3w-4d-18h-48m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced the preliminary results of its tender offer to purchase up to 6,000,000 shares of its common stock, par value $0.01 per share, at a price of $2.50 per share, net to the seller in cash, l....
Hellenic Shipping News
Published 3y-9mo-3w-4d-22h-47m ago
The first Digital Edition of RINA Hellenic Advisory Committee organized by Spyros Zolotas and the RINA Hellas team, hosted several leaders within the Greek shipping community, who discussed about the challenging but resilient and successful 2020, digital solutions, remote surveys, Cybersecurity and ....
Hellenic Shipping News
Published 3y-9mo-3w-5d-18h-48m ago
Globus Maritime Limited announced yesterday that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue 2.6 million of its common shares or pre funded warrants in lieu thereof and purchase warrants to purchase up to an aggregate of 1.95 milli....
Hellenic Shipping News
Published 3y-9mo-3w-5d-22h-47m ago
Shipowners’ appetite for dry bulk carriers has been highlighted during the past week, as freight rates have kept their upward trajectory. In its latest weekly report, shipbroker Banchero Costa commented on the S amp 38 P market that “with a strong Capesize market, albeit slowing down a bit in t....
Hellenic Shipping News
Published 3y-9mo-3w-6d-18h-47m ago
The demolition market underwent a major price correction during the past few days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “following the accelerated prices witnessed over the festive season, and into 2021, which was driven by fresh optimism and firm global steel m....
Hellenic Shipping News
Published 3y-9mo-4w-18h-47m ago
PwC Greece shared its insights on the key topics that are currently shaping the landscape for the shipping industry during a virtual, 2 days event titled “The Annual PwC Update for Shipping Industry Finance Professionals”. The event was organized in January 2021 and was attended by more than 100....
Hellenic Shipping News
Published 3y-9mo-4w-18h-48m ago
The dry bulk market’s fundamentals are edging towards an improvement, in favor of ship owners. In its latest weekly report, shipbroker Intermodal said that “while 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early t....
Hellenic Shipping News
Published 3y-9mo-4w-1d-18h-47m ago
An ambitious plan to double Brazil’s crude production, could yield significant demand for seaborne crude tanker plays down the line. In its latest weekly report, shipbroker Gibson said that “since 2019 Brazil has become the top crude exporter in Latin America, with crude shipments for all produ....
Hellenic Shipping News
Published 3y-9mo-4w-2d-18h-47m ago
The US market for LPG has cemented its place as a global leader during 2020, with exports in particular ending the year on a positive note, versus a decline in the rest of the world. In its latest weekly report, shipbroker Banchero Costa said that amp 8220 as crude oil and natural gas processing i....
Hellenic Shipping News
Published 3y-10mo-1d-18h-47m ago
Shipbrokers are trying to gauge the state of the freight markets, as 2021 is already on course, but with many unknowns. In its latest weekly report, shipbroker Allied Shipbroking said that “with any New Year, start new beginnings and many are already in pursuit of setting off this one on the amp ....
Hellenic Shipping News
Published 3y-10mo-2d-18h-47m ago
Nettitude announced the location of our new office in Athens. This milestone is a major move for our global organisation as we continue to identify strategic locations in which to offer our threat led services that span Technical Assurance, Consulting and Managed Detection and Response. With specifi....
Hellenic Shipping News
Published 3y-10mo-2d-18h-48m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Ca....
Hellenic Shipping News
Published 3y-10mo-2d-22h-47m ago
The current market sentiment appears to be rather bullish when it comes to dry bulk newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “this was another impressive week for the dry bulk newbuilding market, with buying appetite seemingly being refreshed, reflecting t....
Hellenic Shipping News
Published 3y-10mo-3d-18h-47m ago
Navios South American Logistics Inc. announces it has confidentially submitted a draft Registration Statement on Form F 1 to the United States Securities and Exchange Commission the amp 8220 SEC amp 8221 relating to the proposed initial public offering of its common stock. The number of shares....
Hellenic Shipping News
Published 3y-10mo-3d-22h-47m ago
The ships’ recycling market started 2021 rather strongly. However, as things stand, some of the momentum built has gone, which could be an indication that some fluctuations could be on the cards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market appears to be f....
Hellenic Shipping News
Published 3y-10mo-4d-18h-47m ago
International legal and professional services firm Ince has announced the hire of Konstantinos Dinos Mexias as Partner in Piraeus, to strengthen its already world leading shipping team. Dinos is an accomplished finance specialist, with skills across all aspects of ship finance. During his career, ....
Hellenic Shipping News
Published 3y-10mo-5d-6h-48m ago
Seaborne iron ore trade continued to be dominated by China, even more so, during the pandemic. In its latest weekly report, shipbroker Banchero Costa said that “seaborne iron ore trade remained relatively resilient in 2020, at least in Asia, despite the global economic impact from COVID 19. Global....
Hellenic Shipping News
Published 3y-10mo-5d-18h-47m ago
Scrubber uptake has been quite widespread in the VLCC segment, with shipbroker Gibson estimating that up to 31% of the existing fleet already fitted with the systems, while by the end of 2021, that share is expected to increase to about 40%. Scrubber make more financial sense to larger ships, where ....
Hellenic Shipping News
Published 3y-10mo-6d-18h-47m ago
The tanker market posted a mild rebound during the month of December. According to the latest monthly report from OPEC, dirty tanker rates experienced a slight improvement m o m in December, while still remaining near multiyear lows amid a persistent imbalance in tanker demand and availability. VLCC....
Hellenic Shipping News
Published 3y-10mo-1w-1d-18h-47m ago
A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi year highs to incentivize scrapping of vint....
Hellenic Shipping News
Published 3y-10mo-1w-2d-18h-47m ago
Globus Maritime Limited the “Company” or amp 8220 Globus amp 8221 NASDAQ: GLBS , a dry bulk shipping company, announced today that it has secured new time charter employment for its vessel Star Globe a 56,867 deadweight ton built Supramax dry bulk carrier built in 2010, at Kouan Shipbuil....
Hellenic Shipping News
Published 3y-10mo-1w-3d-2h-47m ago
The fundamentals for the dry bulk market seem to be improving as we entered 2021. A moderate dry bulk fleet growth during 2020, combined with improving demand, could set the tone for this year. In its latest weekly report, shipbroker Allied Shipbroking said that “the rally noted during 2020 in the....
Hellenic Shipping News
Published 3y-10mo-1w-3d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it is amending the terms of its previously announced cash tender offer the “Tender Offer” to purchase up to 6,000,000 shares of its outstanding common stock to increase the pr....
Hellenic Shipping News
Published 3y-10mo-1w-3d-22h-47m ago
The start of the new year has been rather bullish in terms of contracting in the newbuilding market, while the S amp 38 P market has been rather active as well. In its latest weekly report, shipbroker Allied Shipbroking talked about “an impressive break period for the newbuilding market, with sev....
Hellenic Shipping News
Published 3y-10mo-1w-4d-18h-47m ago
Seanergy Maritime Holdings Corp. announced today that it has reached final agreements with certain of its senior lenders and junior lender, for the financial restructuring of a total of $179 million, consisting of four senior credit facilities the “Senior Facilities” , three junior credit facil....
Hellenic Shipping News
Published 3y-10mo-1w-4d-18h-48m ago
An upwards pricing trend in the demolition market, could trigger more tonnage sales towards recycling yards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it feels like the recycling market has brought gifts to the shipping industry as the New Year heralded in with dram....
Hellenic Shipping News
Published 3y-10mo-1w-5d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post Panamax dry bulk vessels, the m/v ....
Hellenic Shipping News
Published 3y-10mo-1w-5d-18h-48m ago
South African coal exports were always one of the dry bulk market’s most important trades. Based on the latest available data, during 2020, South Africa’s coal exports were increased. In a recent report, shipbroker Banchero Costa said that “South Africa is the fourth largest exporter of coal i....
Hellenic Shipping News
Published 3y-10mo-2w-1d-18h-47m ago
TEN Ltd., a leading diversified crude, product and LNG tanker operator, yesterday announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares the “Series F Preferred Shares....
Hellenic Shipping News
Published 3y-10mo-2w-1d-22h-47m ago
The tanker market has entered 2021 with renewed optimism thus far, despite estimates of the opposite. In its latest weekly report, shipbroker Fearnleys said that in the VLCC market “there was hope in the air for the first full trading week of the New Year, with added volumes from OPEC+ and the per....
Hellenic Shipping News
Published 3y-10mo-2w-2d-18h-47m ago
The ship repair hasn’t remained in a “business as usual” mode during 2020. In a recent weekly report, shipbroker Intermodal said that “by the end of 2020, the ship repair sector ends up in a completely different form than expected a year ago. From the Era of scrubber retrofits and packed shi....
Hellenic Shipping News
Published 3y-10mo-2w-3d-18h-47m ago
Despite the pandemic, deals for dry bulk carriers managed to reach over 500 during 2020, a level similar to 2019. In its latest weekly report, shipbroker Intermodal, “despite the market shock in the 1H2020 and the suppression of interest in SnP, the 2H2020 compensated for the previous standstill, ....
Hellenic Shipping News
Published 3y-10mo-2w-4d-18h-47m ago
Euploia Drydocks amp 038 Services Ltd is proud to announce a new exclusive representation in the field of Sterntube / Propulsion Sealing Solutions and Services, with one of the most well established companies in Cyprus, CRUG LTD. Euploia Drydocks and Services Ltd wish to expand the range of servi....
Hellenic Shipping News
Published 3y-10mo-2w-4d-18h-48m ago
LNG exports from Russia were down during the Jan. Oct. 2020 period for the majority of destinations, apart from China and Taiwan. In a recent weekly note, shipbroker Banchero Costa said that “Russia is the fourth largest exporter of liquified natural gas in the world, after Qatar, Australia, and t....
Hellenic Shipping News
Published 3y-10mo-2w-5d-18h-47m ago
Navios Maritime Partners L.P. “Navios Partners” NYSE: NMM and Navios Maritime Containers L.P. “Navios Containers” NASDAQ: NMCI announced yesterday that they entered into a definitive merger agreement under which Navios Partners will acquire all of the publicly held common units of Na....
Hellenic Shipping News
Published 3y-10mo-2w-5d-18h-47m ago
Capital Gas Ship Management Corp. took successful delivery today of the newbuilding LNG Carrier ‘Aristidis I’, built by Hyundai Heavy Industries, S.Korea. With cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF engines and equipped with the latest available technolo....
Hellenic Shipping News
Published 3y-10mo-2w-5d-18h-48m ago
GasLog was upgraded by equities researchers at TheStreet from a amp 8220 d+ amp 8221 rating to a amp 8220 c amp 8221 rating in a research note issued on Wednesday, TheStreetRatingsTable reports. GLOG has been the subject of a number of other reports. ValuEngine raised shares of GasLog from ....
Hellenic Shipping News
Published 3y-10mo-2w-6d-18h-48m ago
Castor Maritime Inc. announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 million common shares at a purchase price of $0....
Hellenic Shipping News
Published 3y-10mo-2w-6d-23h-47m ago
2020 won’t be a year to remember for newbuildings. A combination of pandemic, trade contraction and uncertainty surrounding existing and future regulation compliance guidelines, pushed more ship owners towards the S amp 38 P market for their tonnage needs. In its latest weekly report, shipbroker ....
Hellenic Shipping News
Published 3y-10mo-3w-2d-18h-47m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, announced today that the Company will hold its 2021 Annual General Meeting of Shareholders the “Meeting” on February 25, 2021 in virtual format. Shareholders and their proxy representatives will not ....
Hellenic Shipping News
Published 3y-10mo-3w-3d-22h-47m ago
The pace of shipping’s recovery could be determined by the so called “vaccine race”. In its latest weekly report, shipbroker Allied Shipbroking said that “here we are, but a few days before the end of a very eventful year, while the focus amongst many is already keenly being placed as to the....
Hellenic Shipping News
Published 3y-10mo-3w-5d-18h-47m ago
amp 8220 No matter how much I search, I cannot find another port that makes me go crazy as much as Piraeus, amp 8221 goes a popular ballad titled amp 8220 The Children of Piraeus. amp 8221 The song carries the great pride the Greek people take in the Port of Piraeus, a millennia old harbor s....
Hellenic Shipping News
Published 3y-10mo-3w-5d-18h-48m ago
More ship owners appeared willing to offload their older ships as 2020 nears its end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “following the sudden drop in price levels from Bangladesh this week, there appears to be a level playing field across all the recycling de....
Hellenic Shipping News
Published 3y-11mo-18h-47m ago
Newbuilding ordering activity has taken a back seat, as the Holiday Season approaches. In its latest weekly report, Allied Shipbroking said that “an anticipated slow down was witnessed in the newbuilding market as we are approach the end of the year, with most buying appetite seemingly rescheduled....
Hellenic Shipping News
Published 3y-11mo-1d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that in light of the declaration of a federal holiday on December 24, 2020, the Company has extended its previously announced cash tender offer to purchase shares of its common stock unt....
Hellenic Shipping News
Published 3y-11mo-1d-22h-47m ago
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese built, dry bulk, Post Panamax class, 87,000 dwt, newbuild vessel at an attractive price with a scheduled delivery within th....
Hellenic Shipping News
Published 3y-11mo-2d-6h-47m ago
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced the extension of the charter of its container vessel M/V “Synergy Antwerp”. Specifically: M/V “Synergy Antwerp”, a 4,253 teu vessel built in 2008, wa....
Hellenic Shipping News
Published 3y-11mo-2d-6h-48m ago
Trade volumes for iron ore and other dry bulk commodities have shown considerable promise of late, offsetting the coal “issue” between China and Australia. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a week of further boosts in global commodity prices as t....
Hellenic Shipping News
Published 3y-11mo-2d-18h-47m ago
The tanker market stayed weak during the month of November, OPEC said in its latest monthly report. Dirty tanker rates remained weak in November, at the historically low levels so far in 2H20, amid ample tonnage lists. However, signs indicating that November could be the bottom of the market have pr....
Hellenic Shipping News
Published 3y-11mo-5d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2001 built vessel “Oceanis”, with delivery to th....
Hellenic Shipping News
Published 3y-11mo-5d-22h-47m ago
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has entered into a definitive agreement with entities affiliated with E.R. Capital Holding GmbH amp amp Cie. KG “E.R.” or “Sellers” pursuant to which the Compan....
Hellenic Shipping News
Published 3y-11mo-6d-6h-47m ago
The existing disruptions in the global supply chain and commodities’ trade is having an impact on all aspects of trade, including financing. In its latest weekly report, shipbroker Intermodal said that “trading companies frequently count on short term credit lines to finance their deals. In case....
Hellenic Shipping News
Published 3y-11mo-6d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v B....
Hellenic Shipping News
Published 3y-11mo-6d-22h-47m ago
Demolition activity has picked up pace as the year draws to an end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the stability witnessed in the market this week has provided a much needed backbone for Cash Buyers and brokers to work off. These levels are seemingly in t....
Hellenic Shipping News
Published 3y-11mo-1w-18h-47m ago
probunkers responded to the Request for Proposal RFP of The Maritime and Port Authority of Singapore MPA for new licensees for supply of LNG as a marine fuel in the port of Singapore. The submission request for an LNG bunkering license for the port of Singapore is aligned with the business plan ....
Hellenic Shipping News
Published 3y-11mo-1w-18h-48m ago
Newbuilding orders have continued their strong pace as 2020 end closes in. In its latest weekly report, shipbroker Allied Shipbroking said that “it seems that we will have an interesting end to the year, as recently we are witnessing increased news of fresh deals emerging. In the dry bulk market, ....
Hellenic Shipping News
Published 3y-11mo-1w-1d-18h-47m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up to 6,000,000 shares, or about 6.7%, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of....
Hellenic Shipping News
Published 3y-11mo-1w-1d-18h-47m ago
RINA today opened its Fleet Operating Centre FOC in newly expanded offices in Piraeus. The new centre will allow the ship classification society to manage RINA classed vessels even more accurately and efficiently all over the world. The move, together with the relocation of the Deputy EVP for the ....
Hellenic Shipping News
Published 3y-11mo-1w-1d-18h-48m ago
Continuing the tradition of serving society and driven by their sense of duty towards our fellowmen, Angelakos Hellas S.A. and the family of Evangelos El. Angelakos took the initiative and supported, through the Union of Greek Shipowners, central and regional state hospitals in Greece ....
Hellenic Shipping News
Published 3y-11mo-1w-1d-22h-47m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, announced that in Manila, Philippines, it has taken delivery of the M/T P. Yanbu formerly “Kalamas” , a 2011 built 105,400 dwt Aframax tanker that the Company entered into an agreement to purchase in ....
Hellenic Shipping News
Published 3y-11mo-1w-1d-22h-47m ago
The tanker market could be plagued with low demand for a number of years to come, as a result of the intensifying decarbonization plans in various segments, from cars, to planes, even ships themselves. In its latest weekly report, shipbroker Allied Shipbroking said that “it is now undisputed that ....
Hellenic Shipping News
Published 3y-11mo-1w-2d-18h-47m ago
Ancora Investment Trust, a Greek owned tanker shipping firm has agreed to acquire its third ship from Norden. Market sources confirmed on Hellenic Shipping News Worldwide that “Norge Butterfly” will be joining Ancora’s fleet of 12 tankers. The deal is thought to be worth $9 million and the 12 ....
Hellenic Shipping News
Published 3y-11mo-1w-3d-18h-47m ago
