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US Guld – UK Continent demand not contributing to product tanker rates that much

23/04/2014
Product tanker freight rates have been – for the large part – a positive market for tanker owners, mainly as a result of exports of US refined products, a trend already contributing to heftier medium-range (MR) product tanker demand in the Atlantic Basin. However, the same can't be easily said in the case of US Gulf – UK Continent (TC14) freight rate market, where there

Genco Shipping Files for Bankruptcy Amid Weak Charter Rates

22/04/2014
Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for

Tanker rates retreat during first quarter of the year

22/04/2014
While the start of 2014 has carried on from the "riches" of 2013, in terms of high tanker freight rates, the rest of the first three months of the new year, didn't pan out the same way. In a recent report from Mcquilling Services, it was noted that "what goes up must come down". According to the analyst, "the prevailing factor behind the downturn in the crude tanker market was

Dynagas LNG Partners L.P. Announces New 13-Year Time-Charter Contract for the Clean Force

22/04/2014
Dynagas LNG Partners LP, an owner and operator of LNG carriers, today announced that it has entered into a

Dry bulk market ups and – most recently – downs offers no room for relaxing among dry bulk ship owners

18/04/2014
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners, analysts and pundits alike, were looking towards 2014 being a "breakout" year, one that would solidify the market's recovery after almost five years in the doldrums, amid a hefty orderbook and modest demand. So far, those projections

Dry bulk market on retreat mode, while newbuilding ordering activity stalls

17/04/2014
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet another downward session, which saw its fall down to 936 points, minus 34 points on the day. Capesizes were once again among the main "losers", with the Baltic Capesize Index (BCI) down by 111 points. Panamaxes on the other

Port of Piraeus Container Throughput to rise by 20% during 2014

17/04/2014
We continue to see the Greek economy slowly emerging from its multi-year recession. It is moving in the right direction, but slowly.

GasLog Ltd. Announces Closing of Its Offering of Common Shares and Full Exercise of Underwriters’ Option

16/04/2014
GasLog Ltd. today announced the closing of its offering of 4,887,500 common shares, including

Russian sanctions could impact tanker market

16/04/2014
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

15/04/2014
Wunderlich Securities analyst Nicholas J. Bender upgraded the rating on Globus Maritime Ltd. from

LPG shipping on a rally mode

15/04/2014
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

14/04/2014
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

14/04/2014
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

12/04/2014
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

12/04/2014
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

11/04/2014
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

11/04/2014
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated

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

11/04/2014
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

10/04/2014
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

10/04/2014
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today the acquisition
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