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Bunkering tankers at work in Falmouth Bay

23/03/2013
Aegean Marine Petroleum Network, the international bunkering company that started working out of the port

Choosing the right ship for one's needs can be a tall order for ship owners in today's market conditions

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

Goldenport Holdings announces final Results for the Year Ended 31 December 2012

22/03/2013
Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that

Lalizas appoints exclusive distributor in the UK

22/03/2013
The Greek marine equipment manufacturer Lalizas and also owner of the recently acquired firms Lofrans’, Nuova

GAC Greece named Agent of the Year for 2012

22/03/2013
GAC Greece has been named as Agent of the Year 2012 by Deutsche Post DHL-owned European Air Transport

With US now an oil product exporter things are looking good for the MR tanker trade

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

Euroseas Ltd. Announces Charter Contracts for Three of Its Containerships and One of Its Drybulk Vessels

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

Costamare Inc. Announces Delivery of a New Vessel

20/03/2013
Costamare Inc. announced the delivery of MSC Athens, a 8,827 TEU vessel which was built by Sungdong

Newbuilding activity remains high, on the back of increased enquiries from ship owners

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

Star Bulk Carriers Corp. Reports Financial Results for the Fourth Quarter and the Year Ended 2012

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

Tsakos Energy Navigation Announces Three-Year Time Charters for Five Panamax Product Tankers

20/03/2013
Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced

Diana Containerships Inc. Announces the Delivery of a Panamax Container Vessel, the m/v Hanjin Malta

20/03/2013
Diana Containerships Inc. (DCIX), a global shipping company specializing in owning and operating containerships,

Ship prices could be closing in to reach their bottom

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.

Tanker spot fixtures from OPEC countries decrease in February

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

Capital Product Partners L.P. Reaches Agreement to Acquire Two 5,023 TEU Container Vessels

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

Hellenic Carriers Limited : 2012 Financial Results

18/03/2013
Hellenic Carriers Limited, manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that

U.S. Sanctions Greek Businessman for Helping Iran Ship Oil

15/03/2013
The U.S. Treasury Department imposed sanctions on a Greek businessman, saying he helped Iran evade

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2012

15/03/2013
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,

Cyprus: State backs maritime and shipping sectors

15/03/2013
The merchant shipping industry is a promising sector of the Cyprus economy, which the government aims to

International Seminar On the implementation of the ILO Maritime Labour Convention, 2006

15/03/2013
The Maritime Labour Convention (MLC) was adopted by the ILO in 2006 to address a wide range of matters of
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