16/04/2013
The Hellenic Marine Environment Protection Association’s (HELMEPA) 31st General Assembly of its Members was
16/04/2013
NewLead Holdings Ltd. yesterday announced that the Company has renegotiated previously announced
15/04/2013
The African Continent and most importantly East Africa and South Africa could turn into the new "hotspot" for product tanker owners said consulting firm Mcquilling Services in a new report. It noted of the growth of clean petroleum products which are being delivered to the region, supported by a lack of downstream
15/04/2013
Cyprus remains a major maritime center, Communications and Works Minister Tasos Mitsopoulos has assured,
14/04/2013
The latest monthly report from OPEC said that according to preliminary data, global spot fixtures increased in March by 6.5% to average 17.89 mb/d. OPEC spot fixtures saw an increase as well, by 4.1% from the previous month to average 12.81 mb/d, up 0.51 mb/d from levels seen in February. This increase was driven mainly by
12/04/2013
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. As a result they are looking to get ready ahead of the market's return to healthier levels, which means opening their pockets to acquire some new bulkers at bargain prices,
12/04/2013
Shipping, along with tourism, are the two sectors where one can currently see growth potential in Cyprus
11/04/2013
The latest predictions from BIMCO on the tanker markets reflect the difficult situation that many ship owners will keep on experiencing in the near future. According to the latest estimates, released yesterday, BIMCO expects that T/C equivalent average earnings for the VLCC segment will see more of the current hardship
10/04/2013
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per day. The Panamax market is expected to hold on to recent gains and remain in the USD 5,000 – 10,000 per day range. In the Supramax market, BIMCO sees freight rates in the USD
10/04/2013
ERMA FIRST ESK Engineering Solutions S.A. has successfully concluded the installation of its Ballast Water Management System "Erma First" in two containerships being built at Zhejiang Ouhua Shipbuilding for Greek owner Evalend Shipping Co. S.A.
10/04/2013
Diana Shipping Inc. (DSX), a global shipping company specializing in the ownership and operation of dry bulk
09/04/2013
It could be a temporary sign, or the beginning of a new trend, but the fact of the matter is that the past week, was the most active of all, since the start of 2013, according to the latest weekly report from shipbroker Clarkson Hellas. In total, the past week saw the ordering of close to 40 newbuilding vessels, across
08/04/2013
A flurry of newbuilding orders for product tanker vessels, mainly in the MR sector, where more than 40 newbuildings have been ordered since the start of the year, could very well mean lean times in the future for product tanker owners. Still, the market fundamentals could be rather promising and enough to justify the
08/04/2013
March has heralded something of a spring for Greece and its encumbered economy and as has often been the
07/04/2013
In today's adverse tanker market conditions, which are characterized by oversupply of tonnage and mediocre
crude oil demand, ship owners and charterers are presented with the
opportunity to work together, in an attempt to reach mutually beneficial
solutions for both parties' profitability. In its latest report,
US-based
07/04/2013
With the blame game getting in to full swing in Cyprus, as to what caused the economic mess which very
07/04/2013
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,
06/04/2013
FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and
05/04/2013
A flurry of newbuilding ordering activity since the start of the year, has seen the ordering of 17 Capesizes, 7 Panamaxes, 42 MR product tanker and 10 LR2 Product tankers. According to the latest report from shipbroker Intermodal, "on one side we see giants like Maersk trying to delay their behemoths entering into service and
05/04/2013
Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced the time-charter employment with profit-sharing provisions for three product tankers, two LR1 panamaxes and one MR handysize, to major international end-users. The new charters, two years for the LR1s and 12 months for the