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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

Newbuilding orders on a high prior to Chinese New Year

Newbuilding orders have been on a high since the start of the New Year and with the Chinese New Year celebrations now upon us, many ship owners moved forward with plans to contract new orders in Chinese yards. As a result, the total ordering activity was up by 74% over the same week of last year, according to figures compiled by shipbroker Golden Destiny,

Ship purchasing market rather active despite Chinese holidays

Despite the fact that the New Year celebrations in China has slowed down the freight markets, not to mention that Chinese ship owners are absent from the market, the ship purchasing activity over the past few days, can only be described as byuoant. It's a rather remarkable feat, given that the dry bulk market is on steady path of declines since the start of the year

STEALTHGAS INC. Announces New Vessel Acquisitions, Financing Arrangements and New Employment for Its Vessels

STEALTHGAS INC. (GASS), a ship-owning company primarily serving the liquefied petroleum

Goldenport Announces Final Results for the Year Ended 31 December 2013

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

ESS announces rebranding

ESS announced today its rebrand to essDOCS (pronounced ‘sDocs’), a new identity that balances it’s electronic shipping solutions service with the requirements of a

JFE Engineering Copp. And N. Bogdanos Marine Bureau cooperate on promotion of Ballast Water Systems


Lifting of US crude oil export ban will bring good news to crude tanker market, but bad ones for product tankers

With the debate over a potential lift of the ban on US crude oil exports at its starting point, one could only wonder about the major impact such a decision could bring to the tanker market. According to the latest analysis from shipbroker Gibson, "one of the biggest success stories in the oil industry over the past few years has been the surge in US crude oil production

Aframaxes show increased volatility, but could still be the way to go

As has been the case with many ship classes, both in the tanker and the dry bulk segment, Aframax tankers have been on a rollercoaster ride for the past few weeks. In a recent report, analysts Poten & Partners said that "although freight rates are falling precipitously, recent volatility suggests that this market may still have a heartbeat yet. For the majority of the past few

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

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

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

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

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?

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
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