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

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

March has heralded something of a spring for Greece and its encumbered economy and as has often been the

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

With the blame game getting in to full swing in Cyprus, as to what caused the economic mess which very

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,

FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and

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

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

Following the recent announcement that GAC Egypt has received TRACE international certification, two more

It seems that tanker owners can't catch a break these days, as for each positive news that could help turn market fundamentals towards their favor, comes another news flash, which turns the tide to the opposite direction. This time around, the latest news development which could potentially put a dent -- and a serious

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced yesterday that it

Although this week has seen limited reported ordering, the newbuilding market remains active with on‐going discussion across the majority of conventional sectors and a further tightening of available shipyard capacity for delivery next year. This was stated by Clarkson Hellas in its latest report, where it noted that "what orders

Record U.S. exports of liquefied petroleum gas are spurring StealthGas (GASS) Inc. to redeploy tankers as far

Eagle Bulk Shipping Inc. yesterday announced its results for the fourth quarter and fiscal year ended

The recent crisis in Cyprus and its much debated rescue plan will undoubtedly have an impact in the shipping industry as well, not so much in terms of Cyprus-based companies, but more importantly in the future prospects of the Eurozone economy, where a large part of the shipping community is based.

It's been the usual story so far in the 2013 year for the owners of VLCC tankers; pressured spot rates, which are attributed to the usual culprit combination of tonnage overcapacity and relatively weak demand. According to the latest report from US-based consultantants of Mcquilling Services, weak demand "has been further exacerbated by seasonal refinery maintenance, particularly in the US. According to data from JBC

Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and an international provider of

The banking crisis is not affecting the island’s shipping industry, Transport Minister Tasos Mitsopoulos said yesterday.

The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship owners to stage a come back in the second hand and newbuilding markets, during the course of the past week. According to the latest report from shipbroker Intermodal, "tankers and bulkers attracted equal interest in the secodnhand market. What we hadn't seen for a long time