22/05/2013
The dry bulk segment has kept on dominating newbuilding ordering activity during the course of the past week, but this time around, shipowners' focus has revolved more around the smaller in size, but more agile and versatile Handysize and Supramax classes. According to the latest weekly report from shipbroker
22/05/2013
Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, yesterday reported financial results for the quarter ended March 31, 2013.
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings, stated, "We are pleased with our results for the first
22/05/2013
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships,
22/05/2013
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,
21/05/2013
Tanker trades appear to be rather vulnerable to the different rates of economic recovery around the world, which has led to major swings of oil product demand. According to the latest weekly report by Poten & Partners, "the “three speed” recovery – a phrase of choice of the IMF – refers to varying rates of economic
21/05/2013
Hellas can
become China's gateway into Europe as well as the opposite said Prime Minister
Antonis Samaras, speaking last night on the occasion of the Mechant Navy's Day
and the European Day of Sea. The event was organized by the Union of Greek
Shipowners and the Hellenic Chamber of Shipping.
21/05/2013
Seanergy Maritime Holdings Corp. announced yesterday that its wholly-owned subsidiary,
21/05/2013
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced
20/05/2013
In its latest weekly report, London-based shipbroker Gibson noted that India could soon emerge as a decisive factor in providing a boost in the tanker market. According to the shipbroker,"over the past ten years, India’s crude oil imports have more than doubled to accommodate the country’s growing population and expanding economy. This has driven
20/05/2013
Hellenic Shipping Minister Kostis Moussouroulis said here Saturday Hellenic shipowners have recently signed contracts to buy 142 new ships from Chinese shipbuilding companies.
19/05/2013
In the tanker market, the month of April was unkind to tanker owners in all sectors, as both clean and dirty vessels saw a decline in market activity and freight rates. In the clean tanker market in particular, both East and West of Suez freight rates dropped in monthly terms by 4% and 5%, respectively said OPEC in its latest monthly report. The
clean tanker market lacked activity in
19/05/2013
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced Friday its results for the three month period ended March 31, 2013.
First Quarter 2013 Highlights:
19/05/2013
XRTC Business Consultants, Financial Advisor of China Development Bank in shipping finance, announces the signing of the loan agreement between China Development Bank and Paragon Shipping Inc. took place on May, 17th 2013 in Beijing during the auspices of Greek Prime Minister’s Antonis Samaras official visit in China, who was accompanied by a large
19/05/2013
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and dry bulk vessels announces today
18/05/2013
On May 16th, Capt. Wei Jiafu, Chairman of COSCO Group met with the state-visiting Prime Minister of Greece
18/05/2013
Greek Prime Minister Antonis Samaras promised to give the “red-carpet treatment” to foreign investors as he
18/05/2013
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships,
17/05/2013
Ship owners of clean product tankers have much to cheer for as of late, since most of rates on clean product routes, are at least trading at viable levels, despite the general low season that the tanker market is traditionally going through this time of year. According to the latest weekly report from shipbroker Intermodal, "most of the clean product routes for MR and LR vessels have
17/05/2013
Navios Maritime Acquisition Corporation announced yesterday the placement of a total of 32,876,712 shares of its
16/05/2013
Ship financing towards Hellenic ship owners showed a slight fall by the end of 2012, as the total loan portfolio held by both foreign and domestic banks stood at $65.78 billion, versus $67.694 billion at the end of 2011. According to the latest annual research from Petrofin Bank Research, the main reasons for this fall were the continuously depressed shipping markets, except offshore, the