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A Sea Change in Shipping Finance

01/04/2014
Independent Greek shipowners over the last century have fine-tuned a business model in shipping – mostly focused on ownership and management of vessels - that’s enviably unique in the sense that it is an efficient and agile model that plays best to their comparative advantage over other types of shipowners. The preferred example of the ‘standard case’ to make money in

Cyrpus: ‘Leading role for shipping’

31/03/2014
The island’s shipping sector will have an important and leading role to play in the recovery of the economy, President Nicos Anastasiades said yesterday. Anastasiades

Product tanker market could face stress on heavy newbuilding deliveries

31/03/2014
Product tankers and more specifically MR2 class have been among the "darlings" of the tanker market over the past year or so. A positive demand outlook, coupled with low asset prices and healthy freight rate market attracted many ship owners, who saw an investment opportunity. Today, the tide seems to be shifting once again, as a series of new refinery projects,

Dry bulk market fundamentals looking better by the day, albeit not for every ship class

28/03/2014
With dry bulk tonnage oversupply, slowly but surely fading away, analysts are turning their eyes on the other side of the spectrum, aka demand. In a note this week, Commodore Research & Analysis noted that "data released from the Chinese government this week shows that domestic iron ore production in January and February totaled approximately 183.27 million tons.

Seanergy Maritime Holdings Reports Financial Results for the Fourth Quarter and Twelve Months of 2013

28/03/2014
Seanergy Maritime Holdings Corp. announced yesterday its financial results for the fourth

Safe Bulkers,Inc.Announces Collection of $36.3Mill Arbitration Award Proceeds in Relation to a Cancelled Capesize Vessel

27/03/2014
Safe Bulkers, Inc., an international provider of marine drybulk transportation

Ton-mile growth for the VLCC tanker market to occur only if tonnage supply is moderated

27/03/2014
The market for VLCCs is an ever changing one and while new routes are emerging and there is optimism for a projected rise in ton-mile demand, the supply side of the market needs a closer look and attention. In its latest report, Poten & Partners noted that the spate of newbuilding activity across different tanker sectors could be evidence that a lemming-like approach

Dryships Inc. Announces Closing of Ocean Rig UDW Inc.'s $500 Million of 7.25% Senior Notes Due 2019

26/03/2014
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum

Newbuilding ordering activity picks up pace on improving dry bulk market conditions

26/03/2014
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activity, in an attempt to take advantage of the -- still -- low prices, compared to the 2007-2008 highs. As a result, 2014 has so far proved to be the best year in terms of contracting activity, since 2008. Over the course of the past week,

Cyprus aims to maintain leading role in world shipping

24/03/2014
The Government aims to maintain Cyprus΄ leading role in the world shipping scene through continuous development and growth, said

Cyprus: Shipping industry can benefit from hydrocarbons exploitation

24/03/2014
The discovery of hydrocarbons in Cyprus’ Exclusive Economic Zone (EEZ) widens the potential for the

Ship owners invest $15 billion for newbuildings and secondhand vessels during February

22/03/2014
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally during the month of February, pouring more than $14.7 billion in total. Number are higher on the year, but lower when compared with a record-setting month of January. According to figures compiled by shipbroker Golden

Eagle Bulk Shipping Inc. Announces Entry Into Waiver And Forbearance Agreement

21/03/2014
Eagle Bulk Shipping Inc. announced that the Company and certain Lenders under the Company's Fourth Amended

Dry bulk market stays on recovery mode

21/03/2014
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's session up by a solid 51 points, now standing at 1,621 points which is a new high for the year. The main reason for this has been the booming Capesize market, with the Baltic Capesize Index (BCI) rising by an impressive 147 points on

A case for volatility in the dry bulk market explained

20/03/2014
The dry bulk market's pending recovery has been on the cards for some time now. While the first couple of months of 2014 did little to justify such a notion, the fact of the matter remains that oversupply of dry bulk carriers is gradually being addressed and the lower purchasing prices of the latest wave of newbuilding orders, mean that many ship owners are now better

RINA strengthens cooperation with the Hellenic Shortsea Shipowners Association

20/03/2014
RINA Services and the Hellenic Shortsea Shipowners Association (HSSA) have signed a cooperation agreement

Seanergy Maritime Holdings Corp. Completes Financial Restructuring Plan

19/03/2014
Seanergy Maritime Holdings Corp. announced today that it has closed on its previously announced delivery and settlement

Morgan Stanley Sees Paragon Shipping's Spot Fleet Moving Closer to Profitability

19/03/2014
In a report published this week, Morgan Stanley analyst Fotis Giannakoulis reiterated an Equal-Weight

Dry bulk market rebound leads to more newbuilding orders

19/03/2014
The steady rise of the dry bulk market, as evidenced by the return, yesterday, of the Baltic Dry Index above the 1,500-point mark (1,518), is fuelling the latest wave of newbuilding orders, with dry bulk carriers "stealing the show". According to the latest weekly report from shipbroker Clarkson Hellas, there was a number of orders to be reported in the dry bulk

GasLog A Pure Player In Booming LNG Shipping Business

18/03/2014
Having a long-term view has helped GasLog become a stable, pure-play shipper of liquefied natural gas. Monaco-based
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