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Ukraine crisis could bring serious grain trade disruption

11/03/2014
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

10/03/2014
Small and medium sized enterprises in Greece, including many operating in the costal tourism

Global Ship Lease Re-Launches First Priority Secured Notes Offering

10/03/2014
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

10/03/2014
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

10/03/2014
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

10/03/2014
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’

10/03/2014
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?

10/03/2014
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

10/03/2014
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

08/03/2014
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

08/03/2014
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

07/03/2014
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

06/03/2014
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

06/03/2014
Maxim Group initiated coverage on shares of Paragon Shipping in a research note issued this week,

Paragon Shipping Signs Newbuilding Agreements For Three Kamsarmax Drybulk Vessels

06/03/2014
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that

NB prices climbed by 20% on average during 2013, early investors are already beginning to resell existing contracts

06/03/2014
Ship owners who invested in newbuildings during the 2012-2013 are the biggest gainers of the current market claimed a report from shipbroker Intermodal. They managed to take advantage of low demand and thus low prices for new buildings. As such, they were able to combine the latest ECO designs on offer, they managed to negotiate a rich specification, they chose

Greek shipping tycoons threaten to set sail over tax privileges

06/03/2014
They are some of the wealthiest people in Greece, the owners of the world's largest commercial fleet with bank accounts

Star Bulk Carriers Corp. Reports Profits for the Fourth Quarter and the Year Ended December 31, 2013

05/03/2014
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry

Timing in the tanker market is of paramount importance

05/03/2014
Volatility is the "name of the game" in the tanker market, something which has been the case as well during the first couple of months in 2014, with the market experiencing its biggest spike in the last five years, before retreating once again at the beginning of February. Volatility has been more obvious in the VLCC and Suezmax tanker classes, but has also been notable in

FreeSeas announces the sale of the M/V Free Knight

04/03/2014
FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one
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