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Dry bulk carriers still the hottest "commodity" of the newbuilding market

It seems that 2014 will be the "come back" year for the dry bulk market, after a gruelling period which followed the 2008 financial crisis. As a result, ship owners are "stocking" up in newbuildings and modern tonnage alike, a trend which has taken an urgency note as of late, given that asset prices are only going up in the coming months, unless something unexpected

Eagle Bulk Shipping Stock Rating Upgraded by Thomson Reuters/Verus

Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded by research analysts at Thomson Reuters/Verus from a “hold”

Why DryShips is optimistic but Diana warns about scrapping activity

Supply growth is one variable that affects fleet utilization and shipping rates. In 2014, both deliveries and scrapping rates

Diana Shipping Inc. Announces Partial Exercise of Over-allotment Option

Diana Shipping Inc. today announced that, in connection with its previously announced underwritten public

Paragon Shipping Coverage Initiated by Analysts at Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of Paragon Shipping in a report

Ultramaxes are the "weapon of choice" for dry bulk ship owners

It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding ordering activity. According to data compiled by shipbroker Golden Destiny, ship owners invested in 133 new building orders, a number which was 280% higher than the same month of last year, when a mere 33 newbuilding dry bulk carriers

Mediterranean transhipment booms

Virtually all large Mediterranean transhipment hub ports recorded double digit growth in 2013, well above regional and global growth levels. Once all full year data is collated, global container port traffic is likely to have grown by around 3.3% whilst that for the regions bordering the Mediterranean Sea will probably have grown by between 3 and 6%. Transhipment volumes at key

Hellenic Carriers Reports Preliminary Results For The Year Ended 31 December 2013

Hellenic Carriers Limited, owns and trades a fleet of dry bulk vessels that transport iron ore, coal, grain, steel

DryShips Braces for More Losses in Slowly Recovering Economy

While government leaders and economists have been predicting a healthy economic recovery for months, its slow

Oil demand from Asia should remain healthy over the course of 2014, in a positive sign for the tanker market

A lot of ink has been shed over the past few months, regarding the latest surge in crude oil demand, which in turn led to an upswing of crude tanker rates. Among the major beneficiaries of the dramatic increase of US crude oil production has been the VLCC market, at least demand-wise. According to the latest weekly report from shipbroker Gibson, "this trend is

The UANI Vs Restis debacle: The perils of suing for libel

During settlement talks in Abu Dhabi last month, lawyers for the Greek shipping tycoon Victor Restis once again extended an offer

Stalwart Tankers joins equity market fundraising bandwagon

Though the freight market is now more positive, the number of shipping companies finding themselves stretched for cash

Poten raises the question of accuracy in calculating tanker freight rates

As the tanker market has grown in complexity over the course of the past few years, the question of whether the traditional methods of assessing rates is still valid. In a recent report, Poten & Partners noted that "the market landscape for crude oil and refined product trades has an inherent element of shifting sand, presenting an organization like the Baltic Exchange

Diana Shipping Upgraded by Morgan Stanley to “Overweight”

Diana Shipping (NYSE:DSX) was upgraded by Morgan Stanley to an “overweight” rating in a research

First essDOCS liner eB/L surrendered in China

The final stages of the Singapore to China shipment of containerised chemicals saw China CITIC transfer title of the original ocean electronic

Malta and Greece share common perspectives

As EU's leading maritime nations Greece and Malta share common perspectives on shipping and will build further collaboration, the Greek Minister of Shipping,

Dynagas LNG Partners L.P. Reports Results for the Fourth Quarter and Year Ended December 31, 2013

Dynagas LNG Partners LP, an owner and operator of LNG carriers, announced results (unaudited)

Dry bulk market shows signs of life

The dry bulk market has slowly started to emerge from the downfall it's been since the start of the year, as rates have began to pick up over the course of the past week, albeit at a rather slow pace. The Baltic Dry Index (BDI) ended yesterday slightly higher at 1,164 points, up by four points on the days, mainly as a result of the rise of the Supramax market, as all other segments

STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2013 Financial and Operating Results

STEALTHGAS INC. (GASS), a ship-owning company primarily serving the liquefied petroleum
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