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

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

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

NewLead Holdings Ltd. announced today that it has previously signed a term sheet

Iran could soon exert its influence again in the tanker market

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

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

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

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

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

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

Genco Says Pact Reached With Lenders for Chapter 11 Filing

Genco Shipping & Trading Ltd. (GNK), the operator of dry-bulk cargo ships, said it’s reached a

China-Pakistan new infrastructure plans could shorten tanker ton-mile demand from the Middle East Gulf to China

Things are ever so susceptible to change in the tanker market, with the recent developments in terms of the China-Pakistan agreement to create an "economic corridor" between the two nations, being yet another factor, which could lead to changes in tanker demand. According to the latest weekly report from shipbroker Gibson, "Pakistan's President Hussain predicted

Goldenport Holdings: Annual Report 2013, Circular to Shareholders and Notice of AGM

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

Genco Shipping Says Definitive Debt Accord Needed by April 4

Genco Shipping & Trading Ltd., the operator of dry-bulk cargo ships that’s seeking to avert bankruptcy,

Goldenport Holdings announces Sale of a Container Vessel and Trading Update

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

Euronav sees improving conditions in VLCC and Suezmax tanker trades

In a recent note, ship owner Euronav said that the tanker market for VLCCs and Suezmaxes could face improving conditions in the coming months and years. According to the company, the main reason for this is the diminishing orderbook. "Given the market for tankers in the past couple of years and the difficulties faced by most owners to secure financing, not many

Euroseas Ltd. Signs New Building Agreements for the Acquisition of Two Fuel Efficient Kamsarmax Drybulk Carriers

Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and

Dry bulk shippping company Quintana files for a $100 million IPO

Quintana Shipping, which owns and operates a fleet of nine drybulk vessels, filed this week with the SEC

Ship owners take a breather from newbuilding ordering activity

Newbuilding ordering activity has slowed down over the course of the past week, in an indication that ship owners are looking to adopt a "wait-and-see" strategy", in terms of both the course of the freight market, as well as the pricing from shipyards. In its latest weekly report, shipbroker Golden Destiny noted orders for 27vessels, with a total deadweight of 1,416,900 tons,

Genco Shipping Says Still in Talks With Creditors to Restructure

Genco Shipping & Trading Ltd. (GNK), the operator of dry-bulk cargo ships that’s trying to avert bankruptcy, said it’s still in talks with

Paragon Shipping Signs Commitment For The Financing Of Two Ultramax Newbuildings

Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that
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