In its latest weekly report, London-based shipbroker Gibson noted that India could soon emerge as a decisive factor in providing a boost in the tanker market. According to the shipbroker,"over the past ten years, India’s crude oil imports have more than doubled to accommodate the country’s growing population and expanding economy. This has driven
Hellenic Shipping Minister Kostis Moussouroulis said here Saturday Hellenic shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies.
In the tanker market, the month of April was unkind to tanker owners in all sectors, as both clean and dirty vessels saw a decline in market activity and freight rates. In the clean tanker market in particular, both East and West of Suez freight rates dropped in monthly terms by 4% and 5%, respectively said OPEC in its latest monthly report. The
clean tanker market lacked activity in
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced Friday its results for the three month period ended March 31, 2013.
First Quarter 2013 Highlights:
XRTC Business Consultants, Financial Advisor of China Development Bank in shipping finance, announces the signing of the loan agreement between China Development Bank and Paragon Shipping Inc. took place on May, 17th 2013 in Beijing during the auspices of Greek Prime Minister’s Antonis Samaras official visit in China, who was accompanied by a large
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and dry bulk vessels announces today
Greek Prime Minister Antonis Samaras promised to give the “red-carpet treatment” to foreign investors as he
On May 16th, Capt. Wei Jiafu, Chairman of COSCO Group met with the state-visiting Prime Minister of Greece
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships,
Ship owners of clean product tankers have much to cheer for as of late, since most of rates on clean product routes, are at least trading at viable levels, despite the general low season that the tanker market is traditionally going through this time of year. According to the latest weekly report from shipbroker Intermodal, "most of the clean product routes for MR and LR vessels have
Navios Maritime Acquisition Corporation announced yesterday the placement of a total of 32,876,712 shares of its
Ship financing towards Hellenic ship owners showed a slight fall by the end of 2012, as the total loan portfolio held by both foreign and domestic banks stood at $65.78 billion, versus $67.694 billion at the end of 2011. According to the latest annual research from Petrofin Bank Research, the main reasons for this fall were the continuously depressed shipping markets, except offshore, the
Aegean Marine Petroleum Network Inc. yesterday announced financial and operating results for the first quarter ended March 31, 2013.
First Quarter and Full Year Highlights:
• Recorded sales volumes of 2,367,077 metric tons in Q1 2013.
• Reported gross profit of $70.7 million.
Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today
Eagle Bulk Shipping Inc. announced its results for the first quarter ended March 31, 2013.
For the First Quarter:
• Net reported income of $1.4 million or $0.08 per share (based on a weighted average of 16,966,070 diluted shares outstanding for the quarter), compared with net loss of $17.4 million, or $1.11 per share, for the comparable quarter of 2012.
GasLog Ltd., an international owner, operator and manager of liquefied natural gas (“LNG”) carriers, yesterday reported its
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that it
According to a series of recent reports, the crude tanker market could be headed for a rebound. In a recent note, Mcquilling Services, as US-based consultant stated its optimism for the beleaguered segment, especially for larger crude and residual tankers. The basis for this view is rooted on massively reduced ordering activity and relatively robust exit profiles.
In remarks given after UANI's announcement regarding his implication with the Iranian Regime,
The Swedish shipping publication ShipPax Information, which offers specialist valuation services and undertakes