Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced that it
The Cyprus government’s wafer thin parliamentary win May 1 to ratify the island’s bailout terms show the
The latest OPEC monthly oil report noted that global fixtures in April declined by 2.4% compared with the previous month to average 17.44 mb/d. According to preliminary data, OPEC spot fixtures were stable from last month’s level to average12.81 mb/d. Middle East-to-East fixtures reported a decline of 11.1% or 0.30 mb/d from the previous month while Middle
Diana Shipping Inc. (DSX), a global shipping company specializing in the ownership and operation of dry bulk
The finite supply of oil could result in a highly unstable market environment if the oil market reaches its peak. According to a recent report from market analyst's Poten & Partners, "conservationists and industry have been at odds over the ability of crude oil to continue to serve as a primary conduit for meeting the energy needs of
Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have increased the rate of their newbuilding orders in the sector, as they are looking for investment opportunities, trigerred by lower prices in various shipyards (close to historical lows), a factor which is difficult to be
They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the heavy orderbook, Panamax dry bulk carriers, are among the most versatile ship types and this comes in handy when seasonal demand picks up. According to the latest monthly report from shipbroker Intermodal, April was
"a very positive
Aframax tanker owners have found support in the Russian oil region, in order to keep their vessels going said the latest weekly report from shipbroker Gibson. According to the report, "healthy Aframax income has been hard to come by in recent years. Even the once guaranteed income generators of the winter season – poor weather, ice class
Diana Containerships Inc. (DCIX), a global shipping company specializing in owning and operating containerships,
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that ship owners have made a significant come back to shipyards, investing once more in new orders. This has been the case so far in 2013 and one could become perplexed as to why owerns are
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results for the first quarter ended March 31, 2013. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition, stated, "I am pleased with our results, as we reported $28.0 million of EBITDA in the first
quarter of 2013, reflecting 18% growth
over the first quarter
NewLead Holdings Ltd. announced that the Company entered into a five-year time charter
Star Bulk Carriers Corp. announced that its Board of Directors (the "Board") has approved a
A combination of increased crude oil production and slumping refined product demand has shifted refinery marketing dynamics in the United States, resulting in a positive impact for product tankers and more specifically Medium-Range classed ones. According to a recent report from analysts Potern & Partners, "US distillate exports have increased from 1.01 million
barrels per day
Genco Shipping & Trading Limited yesterday reported its financial results for the three months ended March 31, 2013. The following financial review discusses the results for the three months ended March 31, 2013 and March 31, 2012.
First Quarter 2013 and Year-to-Date Highlights
• Recorded net loss attributable to Genco for the first quarter
Baltic Trading Limited yesterday reported its financial results for the three months ended March 31, 2013.
The following financial review discusses the results for the three months ended March 31, 2013 and March 31, 2012.
First Quarter 2013 and Year-to-Date Highlights
• Declared a $0.01 per share dividend payable on or about May
StealthGas Inc. announced yesterday the closing of its previously announced public offering of 10,000,000
Navigator Shipping Consultants Ltd. proudly announces the organisation of the 12th Maritime Conference “NAVIGATOR 2013”.
The latest trend observed during the past week in terms of newbuilding ordering activity appears to be the shipowners' focus towards smaller sizes in dry and containers and further orders in the MR sector. According to the latest report from shipbroker Clarkson Hellas, "Handysize ordering activity has been relatively subdued so far
Capital Product Partners L.P., an international owner of modern tanker, dry bulk and container vessels yesterday released its financial results for the first quarter ended March 31, 2013.
The Partnership's net income for the quarter ended March 31, 2013, was $25.0 million, including a $17.5 million gain from bargain purchase,