23/03/2013
Aegean Marine Petroleum Network, the international bunkering company that started working out of the port
22/03/2013
Among the most common truths regarding the shipping industry is the precarious trade of investing in ships. It'a market which is in constant shift and is subject to so many different types of risk, most of which are highly difficult to quantify and predict. As a result, ship owners have to be highly adaptable and flexible, in order to swiftly follow or even lead the new trends in the market. According to the latest weekly report from
22/03/2013
Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that
22/03/2013
The Greek marine equipment manufacturer Lalizas and also owner of the recently acquired firms Lofrans’, Nuova
22/03/2013
GAC Greece has been named as Agent of the Year 2012 by Deutsche Post DHL-owned European Air Transport
21/03/2013
The rapid changes in the product oil trade are bound to make a difference in the respective tanker trade as well. A highlight of this trend has been the evolvement of the US from a net importer of gasoline and distillate products, to a net exporter. During 2012, the country's balance stood at a combined 0.7 million b/d of gasoline and distillate imports compared to over 1.4 million b/d of exports. This growing volume is attributed
21/03/2013
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced yesterday that four subsidiaries of the Company have entered into time charter agreements for the following vessels: • M/V Despina P, a 1,932 teu, 1990 built handysize containership, has been extended for about six months at a gross daily rate
20/03/2013
Costamare Inc. announced the delivery of MSC Athens, a 8,827 TEU vessel which was built by Sungdong
20/03/2013
Increased levels of enquiry across all ship sectors has kept newbuilding activity in high levels during the course of the past week, according to the latest weekly report from Clarkson Hellas. The report noted that this activity has been highlighted by the continued levels of ordering, with reports of business being concluded in each of the major conventional markets including; Dry Bulk, Tanker, Container carriers and LPG amongst
20/03/2013
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, yesterday announced its unaudited financial and operating results for the three and the twelve months ended December 31, 2012. Furthermore, Star Bulk announced that the Company has entered into an agreement to sell the Star Sigma, a 184,403 dwt Capesize vessel, built 1991, to a third party for a contracted sale price
20/03/2013
Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced
20/03/2013
Diana Containerships Inc. (DCIX), a global shipping company specializing in owning and operating containerships,
19/03/2013
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher loss areas, due to the fact that they are faced with greater construction costs, as a result of the closing of the price gap between China and Japan. In its latest analysis, Intermodal, looks at the issue of inflation and its effect of ship prices around the world.
18/03/2013
In its latest monthly report, OPEC noted that according to preliminary data, global spot fixtures decreased in February by 0.44 mb/d from the previous month to average 16.18 mb/d. This decline occurred mainly as a result of fewer fixtures seen from the Middle East-to-East, which declined by 13.5% from last month. OPEC spot fixtures dropped as well, by 0.37 mb/d to average 11.92 mb/d. In an annual comparison, both global
18/03/2013
Capital Product Partners L.P. announced yesterday an agreement to issue 9.1 million Class B Convertible Preferred Units ("Class B Preferred Units") to funds managed by Kayne Anderson Capital Advisors, L.P. and Oaktree Capital Management, L.P. as well as and the Partnership's Sponsor, Capital Maritime and Trading Corp. ("Capital Maritime"). The Class B Preferred Units are convertible at any time into common units
18/03/2013
Hellenic Carriers Limited, manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that
15/03/2013
The U.S. Treasury Department imposed sanctions on a Greek businessman, saying he helped Iran evade
15/03/2013
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,
15/03/2013
The merchant shipping industry is a promising sector of the Cyprus economy, which the government aims to
15/03/2013
The Maritime Labour Convention (MLC) was adopted by the ILO in 2006 to address a wide range of matters of