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Russian sanctions could impact tanker market

The ongoing crisis in Ukraine has resulted in the opening of the discussions regarding the imposing of sanctions by the international community to yet another crucial to the tanker market country, Russia, just as another important market, Iran is steadily returning to the international scene. According to the latest report from shipbroker Gibson, these latest developments

Wunderlich Securities Upgrades Globus Maritime Ltd. as Dry Bulk Vessel Pricing Remains Firm

Wunderlich Securities analyst Nicholas J. Bender upgraded the rating on Globus Maritime Ltd. from

LPG shipping on a rally mode

It's been dubbed a niche segment, one which requires a lot of investment in know-how and up until recently, a market with small but stable dividends. But, as of late, the LPG shipping market has come on its own, blossoming into a record breaking freight rate market, as demand has grown exponentially, when compared with the available fleet. According to its latest report,

Genco Shipping pre-pack: debt in the driver’s seat

After much anticipation and last minute brinksmanship, Genco Shipping & Trading, the Peter Georgiopoulos-linked dry bulk entity

China's measures to stimulate economy's growth could offer room for stability in shipping markets

Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing with volatility in its extreme. Freight markets seem to "overreact" to even minor factors, in terms of demand or supply, thus making life a lot more difficult for ship owners. As a result, any move towards bolstering the mild landing of the Chinese

Tanker freight rates declined by 5% as tonnage availability on many key routes continued to exert pressure

Dirty tanker freight rates continued to decline, with the drop in dirty spot freight rates mainly affecting the VLCC class in March, while Suezmax and Aframax closed the month flat, as per the latest OPEC survey. VLCC spot freight rates on all reported routes were down in March from a month earlier, with the greatest drop registered on destinations from the Middle East to the West,

GasLog Ltd. Announces Pricing of its Public Offering of Common Shares

GasLog Ltd. announced that its public offering of 4,250,000 common shares was priced at $23.75 per share. The

GasLog Ltd. Announces Agreement to Purchase an Additional Three LNG Carriers from BG Group

Following the announcement in a separate press release that GasLog Ltd. (“GasLog”) (GLOG) has

Globus Maritime Limited Reports Financial Results for the 4th Quarter and Year Ended December 31st, 2013

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated

The crude oil tankers’ joyride has ended for now says BIMCO

The winter season highs are a thing of the past for the tanker market, as owners need to concentrate their efforts into a less eventful and definitely less exciting second quarter of the year. In its latest short term outlook for the tanker market, for the period of April/May, BIMCO expects earnings for the all the crude oil tanker segment to stay above USD 10,000 per day. VLCC may

Chemical shipping company Stalwart Tankers postpones $150 million IPO

Stalwart Tankers, a recently-formed owner and operator of mid-size chemical tankers, postponed its IPO on Thursday.

Navios Maritime Acquisition Corporation Announces Acquisition of One VLCC

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today the acquisition

Box Ships Inc. Prices Public Offering of Common Shares and Warrants

Box Ships Inc. (TEU) today announced that it has priced its public offering of 5,000,000 units consisting of its common

Dry bulk market is rising claims BIMCO

Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it is apparent that the market is rising, claimed BIMCO in its latest market analysis for the April/May period. For this period, BIMCO believes that the level of Capesize TC average rates will hover around USD 12,000-22,000 per day. Panamax TC

WISTA completes 19th Annual General Assembly

The 19th Annual General Assembly of WISTA Hellas took place on Wednesday, 2 April 2014 at the Metropolitan Hotel, during which General Elections were held

Why Shares of Navios Maritime Holdings Inc. Are Getting Anchored Down

Shares of dry bulk shipper Navios Maritime Holdings were sinking as much as 4.7% yesterday following

Newbuilding ordering activity bounces back, as ship owners return to shipyards

Ship owners have returned to yards around the world with an equal appetite for dry bulk carriers, tankers and containers, according to the latest shipbroker reports. According to figures compiled by Piraeus-based shipbroker Golden Destiny, over the course of the past week there've been a total of 61 vessels ordered, with an aggregate deadweight of 4,113,700 tons,

LNG carrier company GasLog Partners files for a $150 million IPO

GasLog Partners, a GasLog-backed limited partnership that owns and operates LNG carriers, filed on Monday with the SEC to raise

NewLead Holdings Ltd. Announces Signing of Term Sheet for 75% Financing for Two Panamax Dry Bulk Vessels

NewLead Holdings Ltd. announced today that it has previously signed a term sheet

Iran could soon exert its influence again in the tanker market

The tanker market is still waiting for Iran's crude export cargoes to start flowing in the international scene at levels enough to make a difference, in terms of freight rates. According to the latest weekly report from shipbroker Gibson, "just over two months ago, the sanctions imposed on Iran in 2010 as a result of its nuclear development programme, were temporarily lifted
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