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Tanker freight rates declined by 5% as tonnage availability on many key routes continued to exert pressure

12/04/2014
Dirty tanker freight rates continued to decline, with the drop in dirty spot freight rates mainly affecting the VLCC class in March, while Suezmax and Aframax closed the month flat, as per the latest OPEC survey. VLCC spot freight rates on all reported routes were down in March from a month earlier, with the greatest drop registered on destinations from the Middle East to the West,

GasLog Ltd. Announces Pricing of its Public Offering of Common Shares

12/04/2014
GasLog Ltd. announced that its public offering of 4,250,000 common shares was priced at $23.75 per share. The

GasLog Ltd. Announces Agreement to Purchase an Additional Three LNG Carriers from BG Group

11/04/2014
Following the announcement in a separate press release that GasLog Ltd. (“GasLog”) (GLOG) has

Globus Maritime Limited Reports Financial Results for the 4th Quarter and Year Ended December 31st, 2013

11/04/2014
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated

The crude oil tankers’ joyride has ended for now says BIMCO

11/04/2014
The winter season highs are a thing of the past for the tanker market, as owners need to concentrate their efforts into a less eventful and definitely less exciting second quarter of the year. In its latest short term outlook for the tanker market, for the period of April/May, BIMCO expects earnings for the all the crude oil tanker segment to stay above USD 10,000 per day. VLCC may

Chemical shipping company Stalwart Tankers postpones $150 million IPO

10/04/2014
Stalwart Tankers, a recently-formed owner and operator of mid-size chemical tankers, postponed its IPO on Thursday.

Navios Maritime Acquisition Corporation Announces Acquisition of One VLCC

10/04/2014
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today the acquisition

Box Ships Inc. Prices Public Offering of Common Shares and Warrants

10/04/2014
Box Ships Inc. (TEU) today announced that it has priced its public offering of 5,000,000 units consisting of its common

Dry bulk market is rising claims BIMCO

10/04/2014
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it is apparent that the market is rising, claimed BIMCO in its latest market analysis for the April/May period. For this period, BIMCO believes that the level of Capesize TC average rates will hover around USD 12,000-22,000 per day. Panamax TC

WISTA completes 19th Annual General Assembly

09/04/2014
The 19th Annual General Assembly of WISTA Hellas took place on Wednesday, 2 April 2014 at the Metropolitan Hotel, during which General Elections were held

Why Shares of Navios Maritime Holdings Inc. Are Getting Anchored Down

09/04/2014
Shares of dry bulk shipper Navios Maritime Holdings were sinking as much as 4.7% yesterday following

Newbuilding ordering activity bounces back, as ship owners return to shipyards

09/04/2014
Ship owners have returned to yards around the world with an equal appetite for dry bulk carriers, tankers and containers, according to the latest shipbroker reports. According to figures compiled by Piraeus-based shipbroker Golden Destiny, over the course of the past week there've been a total of 61 vessels ordered, with an aggregate deadweight of 4,113,700 tons,

LNG carrier company GasLog Partners files for a $150 million IPO

08/04/2014
GasLog Partners, a GasLog-backed limited partnership that owns and operates LNG carriers, filed on Monday with the SEC to raise

NewLead Holdings Ltd. Announces Signing of Term Sheet for 75% Financing for Two Panamax Dry Bulk Vessels

08/04/2014
NewLead Holdings Ltd. announced today that it has previously signed a term sheet

Iran could soon exert its influence again in the tanker market

08/04/2014
The tanker market is still waiting for Iran's crude export cargoes to start flowing in the international scene at levels enough to make a difference, in terms of freight rates. According to the latest weekly report from shipbroker Gibson, "just over two months ago, the sanctions imposed on Iran in 2010 as a result of its nuclear development programme, were temporarily lifted

Otesat-Maritel at the international maritime Exhibition Asia Pacific Maritime in Singapore

07/04/2014
Otesat-Maritel, member of OTE Group, one of the largest telecommunications group in SE Europe, has

Tanker owners should not bet "all-in" in Chinese oil market warns analyst

07/04/2014
China's importance as a consumer of raw materials for the shipping markets, both dry bulk, as well as tanker, is undoubtable. The rise of China's trade over the past decade or so has been instrumental towards altering the landscape for the shipping industry as well. According to a recent report from Poten & Partners, for the most part of the past decade, "China has been

Edible oil trade could provide a much needed boost for the tanker market

05/04/2014
Edible oil trade isn't the "bread and butter" of the tanker market trade, but could very well turn into an important factor of the market. In a recent report, Katerina Restis, member of the Tanker Chartering department of shipbroker Intermodal provided a useful insight on the subject. According to her, "palm oil originates from West Africa, and there is evidence of its use as far as back

The role of women in Greek Maritime Listed Companies

05/04/2014
The findings of the fifth Annual Review of the Hellenic Observatory of Corporate Governance (HOCG) about the presence of the Women in the Board of Directors (BOD) of Greek Maritime Listed Companies were presented by Mrs Aspasia Pastra and Dr Dimitrios Koufopoulos at the World Maritime University. The Conference Maritime Women: Global Leadership 2nd International

Cyprus Shipping Chamber organizes “Digital Ship” Conference

05/04/2014
The “Digital Ship Cyprus” Conference will officially commence on Wednesday, 9 April 2014 and will take place for
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