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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

Tsavliris Salvage Group has witnessed a continued spate of activity following on from the 14 LOF’s secured in 2013

18/03/2014
The current year has seen Tsavliris appointed to undertake six salvage cases, five under

Star Bulk Announces the Acquisition of Strategic Minority Stake in Interchart Shipping Inc.

18/03/2014
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes,

Navios Maritime Acquisition Corp. Announces Pricing of $60 Million 8.125% First Priority Ship Mortgage Notes

18/03/2014
Navios Maritime Acquisition Corporation announced that the Company and Navios Acquisition Finance (US) Inc.,

Long-range product tankers on a slow start during 2014, but prospects remain positive

18/03/2014
Large clean product tankers haven't had the best of starts during 2014. According to the latest weekly report from shipbroker Gibson, "LR2s trading Middle East – Japan on average didn't earn enough in terms of TCE earnings at market speed in  January/February to cover fully fixed operating expenses. In the first half of March returns have improved slightly on

Tsakos Energy Navigation Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

18/03/2014
Tsakos Energy Navigation Limited reported results (unaudited) for the fourth quarter of 2013 and year ended December 31, 2013.

FULL YEAR 2013 RESULTS
For the year 2013, TEN's results improved appreciably

Navios Maritime Acquisition Announces Proposed Private Offering of $50 Million of First Priority Ship Mortgage Notes

17/03/2014
Navios Maritime Acquisition Corporation announced today that the Company and

Turning Aframaxes into clean product tankers as well; Is it worth the extra costs?

17/03/2014
The versatility of owning an Aframax crude tanker is undeniable, given the nature of the design, which allows for multiple port of calls, around the world. But, one of the most critical decision a ship owner faces when ordering an Aframax, is whether or not to coat the vessel's tanks to allow for clean refined product carriage. This is the key question that Poten & Partners attempted to

DryShips Inc. Announces Ocean Rig UDW Inc.'s Proposed Offering of $500 Million Senior Notes Due 2019

17/03/2014
DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and

Crude oil markets on a downfall during February, with Suezmaxes and Aframaxes leading the declines

15/03/2014
According to the latest OPEC monthly report, crude oil tanker market sentiment continued to weaken in February across all vessel segments, with Suezmax and Aframax experiencing a strong decline. Dirty spot freight rates on most reported routes showed a drop in February from a month earlier, putting an end to the remarkable gains seen in the past few months. On average,

NewLead Holdings Ltd. Announces Agreements to Acquire Two Eco-Type 2012-Built Handysize Vessels

15/03/2014
NewLead Holdings Ltd. Friday announced that it has executed definitive agreements for the

Dry bulk market enters recovery mode, on increased Capesize demand

14/03/2014
The dry bulk market has entered and sustained higher ground as of this week, on the back on increased Capesize demand. Although the situation in the grain market, as a result of the crisis in Ukraine is a major concern, potentially altering trade routes and patterns, the fall in iron ore prices could lead to yet another wave of restocking among Chinese steelmakers, which can seize the

The Piraeus Port Authority (OLP) privatization

14/03/2014
Historical background

The Piraeus Port Authority (OLP1) has the management and exploitation of the Piraeus Port, the largest port in

Paragon Shipping Inc. Reports Fourth Quarter And Year Ended December 31, 2013 Results

14/03/2014
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk

Why Star Bulk Carriers Stock Took to the High Seas Last Week

13/03/2014
Although we don't believe in timing the market or panicking over market movements, we do like to keep
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