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Petroleum transporter Dorian LPG files for a $288 million IPO

Dorian LPG, an international liquefied petroleum gas shipping company, filed on Friday with the SEC to raise up to $288 million in an

Crude tanker deliveries on a lower trajectory, but product tanker ones are on the rise

The question of tanker deliveries is a major one when it comes to determining freight rates, with oversupply proving to be a major factor in recent trends. According to the latest weekly report from shipbroker Gibson, "tanker deliveries in 2013, both in terms of numbers and deadweight, were the lowest recorded since 2002. The final deadweight total, 21 million tonnes was 10 million

’Risk takers and shipping loans’

Risk Takers. Let’s face it. This is in fact what all investors are. There is no investment which can bring returns without taking some risk, except one, and that is Knowledge. This is why Fund Managers, Financial Advisors, Wall Street Gurus are highly remunerated and their annual hefty success bonuses exceed the wildest dreams of most ambitious and well paid executives.

Who will acquire Greece’s distressed shipping debt?

Though much of the Greek shipping community was bracing itself for Royal Bank of Scotland’s (RBS) end of year report, revelation of the bank’s steep increase in

Turkish container ship runs aground off Greek island

Fourteen sailors had to be rescued after a Turkish cargo ship ran aground near the Greek island of Mykonos on

VLCC pricing to increase in the future

VLCC tankers are now demonstrating a contango market, especially after the recent rise of newbuilding prices, compared to their five-year old peers. This according to Mcquilling Services which stated in a report Friday, that the market for VLCCs could very well be in a contango, i.e. future prices are expected to be higher than current valuations. According to Mcquilling,

Star Bulk Takes Delivery of Its Second Post-Panamax Bulk Carrier, Star Sirius

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, today

Dry bulk market to benefit from China's GDP growth target

With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping market, in particular dry bulk. According to a note released yesterday by BIMCO's Chief Shipping Analyst, Mr. Peter Sand, "despite being a little down on the 2013 GDP growth of 7.7%, the growth target of 7.5% set by China’s

NewLead Holdings Ltd. Announces 1-for-10 Reverse Split of Common Shares

NewLead Holdings Ltd. today announced that a 1-for-10 reverse stock split of its common shares has been

Paragon Shipping Receives New Coverage from Analysts at Maxim Group

Maxim Group initiated coverage on shares of Paragon Shipping in a research note issued this week,

Paragon Shipping Signs Newbuilding Agreements For Three Kamsarmax Drybulk Vessels

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

NB prices climbed by 20% on average during 2013, early investors are already beginning to resell existing contracts

Ship owners who invested in newbuildings during the 2012-2013 are the biggest gainers of the current market claimed a report from shipbroker Intermodal. They managed to take advantage of low demand and thus low prices for new buildings. As such, they were able to combine the latest ECO designs on offer, they managed to negotiate a rich specification, they chose

Greek shipping tycoons threaten to set sail over tax privileges

They are some of the wealthiest people in Greece, the owners of the world's largest commercial fleet with bank accounts

Star Bulk Carriers Corp. Reports Profits for the Fourth Quarter and the Year Ended December 31, 2013

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry

Timing in the tanker market is of paramount importance

Volatility is the "name of the game" in the tanker market, something which has been the case as well during the first couple of months in 2014, with the market experiencing its biggest spike in the last five years, before retreating once again at the beginning of February. Volatility has been more obvious in the VLCC and Suezmax tanker classes, but has also been notable in

FreeSeas announces the sale of the M/V Free Knight

FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one

Is This Crack in DryShips Inc.'s Hull Also a Danger for Other Dry Bulk Shippers?

It seems like everybody these days universally agrees that the dry bulk shipping market will get better at least in the

Diana Shipping Changed Its Tune. Will DryShips Follow?

When a large, credible company such as Diana Shipping speaks, you should listen. You would have been hard pressed to

Higher prices and steady freight rates lead ship owners to temporarily halt second hand vessel purchases

As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P market, as it was in the past few week. After all, prices had started to firm up quite a bit. According to the latest report from Lion Shipbrokers, "buying interest is decreasing as ships' values have firmed beyond the budget of many prospective

Traditional and modern ways of shipping finance

The shipping industry has faced its worst crisis during the last 25 years. The limited liquidity of the shipping market and the trend of banks to limit their exposure have made shipowners to find new methods of financing their investment projects. Traditional lenders such as Germany’s Commerzbank and HSH Nordbank and the UK’s Lloyds and RBS are either exiting the market or trying to
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