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Capital Product Partners L.P. Announces Fourth Quarter 2013 Financial Results

01/02/2014
Capital Product Partners L.P., an international diversified shipping company Friday released its financial results for the fourth quarter ended December 31, 2013. The Partnership's net income for the quarter ended December 31, 2013, was $2.0 million, including a $7.1 million loss from the sale of the M/T Agamemnon II to unaffiliated third parties and a

Tsakos Energy Navigation Ltd. Announces Pricing of Its Offering of Common Shares

01/02/2014
Tsakos Energy Navigation Ltd., a leading product, crude and LNG tanker operator, announced Friday that its

European Commission asks us to ‘Cleanup Europe’ for a day

01/02/2014
Every year, millions of tons of litter pollute our seas, oceans, beaches, rivers, forests and other natural areas.

Dry bulk market still on a fall, expected to worsen

31/01/2014
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for industry players. With China's New Year holidays looming, things can only get even worse, before a potential rebound, beginning after the first few days of February. Yesterday, the dry bulk market's benchmark, the Baltic Dry Index (BDI) was

Is This the End for Genco Shipping & Trading?

30/01/2014
In just two months and one week, Genco Shipping & Trading (NYSE: GNK  ) will be officially out of time and in default with its creditors, unless they show

Eletson Announces Acquisition of Three Panamax (LR1) Product Tankers

30/01/2014
Eletson Holdings Inc. announced it has entered, through subsidiaries, into definitive agreements

Tanker profitability is the "million-dollar" question for ship owners this year

30/01/2014
The tanker market conditions are expected to remain challenging throughout the year for tanker owners, but even more pressing will be the issue of actual profits from tanker chartering operations. After all, ship owners can still book profits, even in adverse market conditions. According to the latest report from shipbroker Intermodal, this question will linger for the

Navios Maritime Partners L.P. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

30/01/2014
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, today reported its financial results for the fourth quarter and year ended December 31, 2013. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "Navios Partners previously announced that it was committed to a minimum distribution of $1.77 through 2014 and today extends

Success of Deltamarin’s B.Delta continues – over 100 ships ordered

30/01/2014
Deltamarin is proud to announce that so far a total of 103 B.Deltas and derivates have been ordered by several world-known

Star Bulk Announces the Acquisition of Two Modern Post-Panamax Vessels With Employment Contracts

29/01/2014
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry

Ship owners still active in the dry bulk newbuilding market, shipyards rejoyce, but perils still remain

29/01/2014
It's been yet a relatively active week in the dry bulk newbuilding market, despite the continuous fall of the Baltic Dry Index (BDI), which could potentially have a negative impact in investment appetite. In any case, according to the latest weekly report from shipbroker Clarkson Hellas, "Oldendorff Carriers have contracted two firm plus two option 208,000 DWT Newcastlemax

How Star Bulk (SBLK) Stock Stands Out in a Strong Industry

28/01/2014
One stock that might be an intriguing choice for investors right now is Star Bulk Carriers Corp. (SBLK). This is because this

Dry bulk ship owners retreat to old "habits", refusing to demolish old vessels, threatening market recovery

28/01/2014
If one thing is clear as we reflect on the 2013 shipping markets, it's that ship owners took advantage of low prices, in order to acquire newer tonnage through the second hand and newbuilding markets. But, in them doing so, forgot to demolish their older ships, especially as we approached the end of the year, when the dry bulk market rebounded strongly. Of course, in business

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2013

28/01/2014
Costamare Inc. reported unaudited financial results for the fourth quarter and the year ended December 31, 2013.

    Voyage revenues of $112.5 million and $414.2 million for the three months and the year ended December 31, 2013, respectively.
    Voyage revenues adjusted on a cash basis of $116.8 million

Diana Shipping Inc. Announces Direct Continuation of the Time Charter Agreement for m/v Myrsini With Clearlake

27/01/2014
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,

Euroseas Ltd. Agrees To Share-Sale, Raising $29 Million in Net Proceeds

27/01/2014
Euroseas Ltd. announced today that it entered into an agreement to sell 25,000 shares of its Series B Convertible Perpetual Preferred

Pirates hijacked tanker off Angola, stole cargo - owners

27/01/2014
The Greek owners of an oil tanker that vanished off the Angolan coast on Jan. 18 said on Sunday that

Chamber wants upgrade of Cyprus shipping portfolio

27/01/2014
The Cyprus Shipping Chamber, the umbrella organisation for the whole of the maritime sector that is celebrating its 25th

More VLCC cargoes to head east on relaxed Iranian sanctions

27/01/2014
The initial consequence of the gradual relaxation of the sanctions on the Iranian oil regime is believed to be a rise in the number of VLCC cargoes heading to the East. This according to London-based shipbroker Gibson, which in its latest weekly report, said that "already one such unit has sailed for China following 12 months storage duties of Kharg Island".

Strong newbuilding ordering and a continuing imbalance between supply and demand will hit tanker freight rates

25/01/2014
Tanker spot rates are expected to trend lower this year, as the imbalance of tanker supply in relatin to ton-mile demand will be a major factor. This according to the latest report on tanker market outlook issued this week by Mcquilling Services, which maintained that despite the current rally that is present in some tanker sectors, rates are likely to be pressured in 2014.
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