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Navios Maritime Acquisition Announces Completion of Follow-On Offering Including Exercise of Underwriters' Option

21/02/2014
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today

Seanergy Maritime Holdings Corp. Reports Financial Results for the 3rd Quarter and 9 Months Ended Sept 30, 2013

20/02/2014
Seanergy Maritime Holdings Corp. announced today its financial results for the third quarter

Diana Shipping Inc. Announces Delivery of the Newly Built Ice Class Panamax Dry Bulk Carrier m/v Crystalia

20/02/2014
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk

Genco Taps Blackstone as Lenders Waive Default on Missed Payment

20/02/2014
Genco Shipping & Trading Ltd. (GNK) hired Blackstone Advisory Partners LP to explore a debt

International honor for HELMEPA

20/02/2014
The Hellenic Marine Environment Protection Association (HELMEPA) is delighted to announce that the Association has been nominated to receive the prestigious

Tanker market recent upswing seen as temporary, despite an increase in ton-mile demand

20/02/2014
The major news for tanker owners over the past few months has been the unexpected increase in oil demand, as a result of heavier than usual winter weather, as has been noted in most the Northern Hemisphere (US in particular has been heavily hit by adverse weather conditions), as well as China. This led to a strong climb in demand in order for refineries to increase their much

RINA Hellenic Technical Committee focuses on Route Specific Class Notations, Energy Efficiency and Crew Training

20/02/2014
RINA’s first Hellenic Technical Committee meeting for 2014 organized by RINA Hellas on Wednesday

Genco Shipping & Trading LTD reports Results of Operations and Financial Condition

20/02/2014
On February 18, 2014, Genco Shipping & Trading Limited and the other parties under that certain Loan Agreement, dated

Seanergy Maritime Holdings Corp. Announces Agreement With Its Final Lender to Complete Its Restructuring Plan

19/02/2014
Seanergy Maritime Holdings Corp. announced today that it has entered into a delivery

Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

19/02/2014
Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics

Ship owners invest $1.8 billion in newbuildings over past week

19/02/2014
If the first couple months of 2014 are any indication of the course of things over the whole year, it appears that we're gearing up towards the best 12 months since the eruption of the 2008 financial crisis, in terms of newbuilding ordering activity, as well as second hand vessel sales. If the past couple of years saw increased activity, versus the 2009-2011 period, 2014

Dryships Inc. Reports Financial and Operating Results for the Fourth Quarter 2013

19/02/2014
DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, an international provider of marine

Navios Maritime Partners L.P. Announces Completion of Follow-On Offering Including Exercise of Underwriters' Option

19/02/2014
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, announced the completion of its

Paragon Shipping Inc. Announces The Closing Of Its $42.4 Million Follow-On Public Offering

19/02/2014
Paragon Shipping Inc. (PRGN) closed today its previously-announced public offering of 6,785,000 Class A common

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

18/02/2014
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,

Ship owners snap up more second hand tonnage as optimism returns to the market

18/02/2014
A total of 41 ships were reportedly traded over the course of the past week, for a total investment price of $1.75 billion. Ship owners acquired 17 tankers, 12 bulkers, 9 gas tankers, 1 container and 2 special projects, with the average age of the vessels being eight years (2006-built). According to figures compiled by shipbroker Golden Destiny, the above numbers

Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013

18/02/2014
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, reported a net loss of $19.8 million for the fourth quarter of 2013, compared to net income of $0.3 million for the respective period of 2012. The loss for the fourth quarter was mainly the result of $9.7 million of impairment charges for the vessel Sardonyx, and direct sale and other

Shipbroker expects further spikes in tanker rates as winter season is progressing

17/02/2014

Tankers are experiencing their high season during these months, as opposed to dry bulk carriers, which are typically struggling during the first quarter of each year on low seasonal demand. This has been pointed out by the latest report from shipbroker Gibson, which noted that "winter is a hopeful period for crude tankers, providing some respite from the current poor

Core Pre-qualifications that Private Equity Investors Are Looking for in Potential Partners in Shipping

17/02/2014
Ever since the financial crisis in 2008 and the ensuing collapse of the freight markets in shipping, the traditional source of finance in shipping in the form of debt and its first preferred ship mortgage structure has gone dry.  Shipowners have had to compete aggressively for the little available capital the banks were still able to lend, and usually the new loan terms were very

Greek shipping company Stalwart Tankers files for U.S. IPO

17/02/2014
Greece-based chemical transportation company Stalwart Tankers Inc filed with U.S. regulators to raise up to $100
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