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Diana Shipping Inc. Prices Public Offering of $60.0 Million of Its 8.875% Redeemable Perpetual Preferred Shares

Diana Shipping Inc. (DSX) announced that it priced its public offering of 2,400,000 shares of its

Ship owners invest in 447 newbuildings and second hand vessels during January

Despite a rough start to the year for the dry bulk freight market and lackluster performance from most other shipping sub-segments, ship owners have been very active in both the newbuilding and the secondhand markets, during the first month of 2014. According to shipbrokers' reports, ship owners around the world have invested into 246 newbuildings

Danaos Corporation Reports Fourth Quarter and Full Year Results for the Period Ended December 31, 2013

Danaos Corporation, a leading international owner of containerships, reported unaudited results for the quarter and full year ended December 31, 2013.

Highlights for the Fourth Quarter and Full Year Ended December 31, 2013:

    Operating revenues of $147.0 million for the three

Goldenport Holdings Inc. Appoints Alexis Stephanou as Chief Financial Officer

Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and

Diana Shipping Inc. Announces Offering of Preferred Shares

Diana Shipping Inc. today announced that it intends to offer shares of its newly designated Series B Cumulative Redeemable Perpetual

Tsakos Energy Navigation Announces Time Charter Extension for Handysize Tanker

Tsakos Energy Navigation Ltd., a leading crude, product and LNG tanker operator, today announced the time

Annual growth of VLCC tanker fleet could be negative over the next few years claims shipbroker

A total of 52 VLCCs were ordered in shipyards last year, the highest number since 2010, a trend which has "spilled over" into 2014, with already 6 new VLCC orders placed during the month of January. According to the latest weekly report from London-based shipbroker Gibson, "about half of this investment in VLCCs is coming from the Asian shipowners to secure tonnage

Cyprus Shipping Chamber: International shipping companies remain in Cyprus

Despite the setbacks of the decisions of Eurogroup international shipping companies continue to support the

US oil boom to limit imports, impact crude tanker market

The surge of US oil production is rapidly shaking up the global crude oil market, with the world's leader of oil demand gradually managing to cover its own needs, without the need of imports. This shift is having a profound impact on crude oil tanker demand, changing the landscape as we know it. In a recent report, Poten & Partners noted that "over the past few years US domestic

Diana Containerships Inc. Announces the Sale of a Panamax Container Vessel, the m/v APL Sardonyx

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, Friday

Hellas: Ship owners cry "foul" over new taxes

Ship owners voiced their dismay at the recent tax law, adopted late in December of 2013, under which the tax tonnage they're liable to pay will be tripled for the next three years, as a result of the country's economic problems. In his annual speech, delivered on the occasion of the General Meeting, the President of the Union of Greek Shipowners (UGS), Mr. Theodoros Veniamis said that

Dry bulk market on "reverse" mode due to Chinese Holidays

The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-point mark, where it stood for most of 2013, erasing in effect the fourth quarter rise of the previous year. Yesterday, the BDI ended slightly higher at 1,092 points, up by six points, the first upward session in days. The slight uptick was

Navios Maritime Acquisition Corporation Announces Employment for Three VLCCs

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave

Diana Shipping’s current expansion plans: Is it the right time?

Diana Shipping announced that it expects to receive the delivery of two newbuild Ice Class Panamax dry bulk vessels during the first

What the Results From Navios Maritime Partners L.P. Reveal for Dry Shipping

Angeliki Frangou, CEO of Navios Maritime Partners', said recently that "[for] almost five years our industry

UANI Calls on Victor Restis, EST, and George Sarris to Account for the Iranian Activities of the Bergen Max Cargo Carrie

United Against Nuclear Iran (UANI) called on Greek businessman Victor Restis, Enterprises

Navios Maritime Acquisition Corporation Announces Delivery of One VLCC and Sale of One VLCC

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

Ship owners should be cautious when putting down deposits for ship purchases as new court decisions alter landscape

In an already hectic legislative framework regarding the operation of a shipping company, new court decisions as of late, have seemingly altered the way of doing business, when it comes to buying and selling vessels. According to the latest weekly report from shipbroker Intermodal, two recently decided cases, "The Union Power" and "The Griffon", should become aware to

Genco Shipping & Trading Limited Receives “Outperform” Rating

Zacks upgraded Genco Shipping & Trading Limited (NYSE:GNK) shares from a “neutral” to an “outperform”

Bigger and better business opportunities for 150 delegates from over 30 countries at this year’s INTERCEM Shipping Forum

Following the resounding success of previous meetings in Hamburg and Barcelona, the INTERCEM Shipping
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