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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

Is This Crack in DryShips Inc.'s Hull Also a Danger for Other Dry Bulk Shippers?

04/03/2014
It seems like everybody these days universally agrees that the dry bulk shipping market will get better at least in the

Diana Shipping Changed Its Tune. Will DryShips Follow?

04/03/2014
When a large, credible company such as Diana Shipping speaks, you should listen. You would have been hard pressed to

Higher prices and steady freight rates lead ship owners to temporarily halt second hand vessel purchases

04/03/2014
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P market, as it was in the past few week. After all, prices had started to firm up quite a bit. According to the latest report from Lion Shipbrokers, "buying interest is decreasing as ships' values have firmed beyond the budget of many prospective

Traditional and modern ways of shipping finance

04/03/2014
The shipping industry has faced its worst crisis during the last 25 years. The limited liquidity of the shipping market and the trend of banks to limit their exposure have made shipowners to find new methods of financing their investment projects. Traditional lenders such as Germany’s Commerzbank and HSH Nordbank and the UK’s Lloyds and RBS are either exiting the market or trying to

New markets for US oil products mean new opportunities for clean tankers

03/03/2014
While the debate in the US is raging on whether or not to allow for crude oil to be exported, the growth of US oil product market, is providing for many opportunities for owners of clean tankers. According to a recent report from shipbroker Gibson, "the current abundance of fracked crude in the US has provided US refineries with an increasing supply of cheap feedstocks.

Greek Port Plans to Fuel Ships with Liquid Natural Gas

03/03/2014
The Qatar Petroleum International Company announced the creation of a refuelling station for liquefied Natural gas (LNG) at the Greek

Greek court rejects claim against Arch Cru shipping boss

03/03/2014
A Greek court has rejected claims brought by the operator of the Arch Cru Guernsey cells against a manager of the funds’ underlying

GasLog Ltd. Reports Financial Results for the Quarter Ended December 31, 2013

28/02/2014
GasLog Ltd., an international owner, operator and manager of liquefied natural gas (“LNG”) carriers,

Captain of Missing Greek Oil Tanker Insists Vessel Was Hijacked

28/02/2014
The captain of a Greek-operated oil tanker that vanished from Angola but later surfaced in Nigerian waters insists the vessel

Dry bulk market slowly but steadily finds its footing

28/02/2014
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from the shadows as of late. During the past few days, the market's benchmark, the Baltic Dry Index (BDI) has been on a slow, yet steady rise, ending yesterday's session, once again on the upside, reaching 1,250 points. Capesizes

Shipping loans worth $5 billion have changed hands over the past year, as funds invest in shipping

27/02/2014
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and hedge funds have all emerged as newcomers to the shipping financing segment, often assuming the role of traditional shipping banks, which have exited the market, or cut their exposure. According to the latest weekly report from shipbroker

Aegean Marine Petroleum Network Inc. Announces Fourth Quarter 2013 Financial Results

27/02/2014
Aegean Marine Petroleum Network Inc. announced financial and operating results for the fourth quarter ended December 31st, 2013.

Fourth Quarter Highlights and Full Year Highlights

    Recorded sales volumes of 2,384,376 metric tons in Q4

Baltic Trading Limited Announces Fourth Quarter Financial Results

27/02/2014
Baltic Trading Limited (BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and twelve months

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2013 Results

27/02/2014
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited

UANI Calls on Greek Shipper Victor Restis and EST to Explain the Activities of the African Wildcat

27/02/2014
Yesterday, United Against Nuclear Iran (UANI) called on Greek Shipper Victor Restis and

Star Bulk Charters Two Fuel Efficient Newbuilding Newcastlemax Vessels Under Ten Year Bareboat Charters

27/02/2014
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry
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