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Ship owners in Hellas and worldwide shun "pools" in favor of more direct approach towards charterers

In what could be a sign of things to come, it's becoming increasingly apparent that more and more ship owners are opting out of commercial pools. This trend was more evident over the course of the past year, when a fair number of ship owners in Greece and abroadd, decided to withdraw a number of their vessels from various pools. According to the latest weekly

Paragon Shipping Downgraded by Zacks to “Neutral”

Zacks downgraded shares of Paragon Shipping from an outperform rating to a neutral rating in a report issued, Analyst Ratings Net reports.

Dry bulk vessels still the "cream of the crop" for ship owners

Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and newbuilding ordering activity reported over the past week. With the Baltic Dry Index (BDI) on a recovery mode (now well over the 1,500-point mark), this trend is only going to intensify in the coming weeks, especially

Box Ships Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2013

Box Ships Inc., a global shipping company specializing in the seaborne transportation of

Euroseas Ltd. Enters Into Agreement to Sell Common Stock in a Private Placement Raising $14.4 Million

Euroseas Ltd. announced today that it entered into an agreement to sell approximately 11.2

Navios Maritime Acquisition Corporation Announces Delivery of One VLCC

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Buena Suerte,

Ukraine crisis could bring serious grain trade disruption

What kicked off as a protest concerning a trade pact with the European Union, quickly escalated into a full on political crisis involving Russia, the E.U. and the U.S.A. The presence of Russian troops in the Crimea peninsula has ignited the jump of commodity prices last week and some people in our industry have already started wondering whether acceleration of the crisis

Commission supports Maritime and Coastal Tourism and assists SMEs to access markets in Greece

Small and medium sized enterprises in Greece, including many operating in the costal tourism

Global Ship Lease Re-Launches First Priority Secured Notes Offering

Global Ship Lease, Inc. announced today that it plans to re-launch its offering of an aggregate principal amount of

NewLead Holdings Ltd. Announces Placement of $25.0 Million Perpetual Preferred Equity

NewLead Holdings Ltd. announced today that on March 4, 2014, it completed the issuance of $25.0 million in

Petroleum transporter Dorian LPG files for a $288 million IPO

Dorian LPG, an international liquefied petroleum gas shipping company, filed on Friday with the SEC to raise up to $288 million in an

Crude tanker deliveries on a lower trajectory, but product tanker ones are on the rise

The question of tanker deliveries is a major one when it comes to determining freight rates, with oversupply proving to be a major factor in recent trends. According to the latest weekly report from shipbroker Gibson, "tanker deliveries in 2013, both in terms of numbers and deadweight, were the lowest recorded since 2002. The final deadweight total, 21 million tonnes was 10 million

’Risk takers and shipping loans’

Risk Takers. Let’s face it. This is in fact what all investors are. There is no investment which can bring returns without taking some risk, except one, and that is Knowledge. This is why Fund Managers, Financial Advisors, Wall Street Gurus are highly remunerated and their annual hefty success bonuses exceed the wildest dreams of most ambitious and well paid executives.

Who will acquire Greece’s distressed shipping debt?

Though much of the Greek shipping community was bracing itself for Royal Bank of Scotland’s (RBS) end of year report, revelation of the bank’s steep increase in

Turkish container ship runs aground off Greek island

Fourteen sailors had to be rescued after a Turkish cargo ship ran aground near the Greek island of Mykonos on

VLCC pricing to increase in the future

VLCC tankers are now demonstrating a contango market, especially after the recent rise of newbuilding prices, compared to their five-year old peers. This according to Mcquilling Services which stated in a report Friday, that the market for VLCCs could very well be in a contango, i.e. future prices are expected to be higher than current valuations. According to Mcquilling,

Star Bulk Takes Delivery of Its Second Post-Panamax Bulk Carrier, Star Sirius

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, today

Dry bulk market to benefit from China's GDP growth target

With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping market, in particular dry bulk. According to a note released yesterday by BIMCO's Chief Shipping Analyst, Mr. Peter Sand, "despite being a little down on the 2013 GDP growth of 7.7%, the growth target of 7.5% set by China’s

NewLead Holdings Ltd. Announces 1-for-10 Reverse Split of Common Shares

NewLead Holdings Ltd. today announced that a 1-for-10 reverse stock split of its common shares has been

Paragon Shipping Receives New Coverage from Analysts at Maxim Group

Maxim Group initiated coverage on shares of Paragon Shipping in a research note issued this week,
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