Capital Shipmanagement has marked the delivery of their new container ships, Alexandros (on charter as Hyundai Prestige) and Aristotelis (on charter as Hyundai Premium) delivered at HHI Gunsan, respectively, last month and on Monday this week. It is understood that the order represents the first such series of post-boom super-efficient container ships of this size. Speaking in Piraeus on Friday at a Capital reception to mark

Box Ships Inc.yesterday announced that it has priced its previously announced public offering of 4,000,000 of its

Box Ships Inc. yesterday announced that it intends to offer and sell $25,000,000 of its common shares in an

Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded substantially as a result, a new weekly report from Clarkson Hellas suggests that shipyards in the Far East have resisted any significant drop in newbuilding prices for the past six months. "However, it remains to be seen whether increased levels of enquiry can outweigh sluggish charter 

Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced the delivery of the fully-coated DP2 shuttle tanker, the first of its kind internationally to fly the Greek flag, with a carrying capacity of 157,000 dwt, Rio 2016. The delivery was attended by the Greek Minister of Mercantile Marine accompanied by the Ambassadors of Greece in South Korea and the Philippines

Iraq's oil ambitions to ramp up its oil production and increase its ways to transport that oil to overseas markets, could fundamentally alter Middle East oil loadings, much to the delight of tanker owners. According to the latest weekly report from London-based shipbroker Gibson, "last week the Iraqi Oil Ministry announced that a Canadian consultant had been awarded a contract to carry out front-end engine ring designs

Maritime piracy has a tremendous financial and human cost was noted yesterday, in a special event on piracy, in the Athens office of the European Parliament. Delegates like Dr. Anna Bredima, rapporteur for the opinion recently adopted from the European Economic and Social Committee (EESC) and Mr. George Koumoutsakos, member of the European Parliament and the rapporteur for the Parliament's resolution on piracy,

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

Although, in first appearance the loss of Hugo Chavez, the undisputed leader of Venezuela for the past decade or so, doesn't appear to be set to make any major difference of crude oil flows from the Latin American country, some analysts beg to differ. According to the latest weekly report from analyst Poten & Partners, "Hugo Chavez’s death earlier this week was notable from several perspectives, not the least of which

Shale gas potential has been driving energy news bulletins during the past couple of years, as there seems to be a whole new market, which could lead to substantial discoveries and turn energy needs away from conventional fuels like oil. In its recent weekly report, shipbroker Intermodal highlighted that according

Island Oil (Holdings) Limited is pleased to announce the appointments of Mesrrs. Artemios Savva and Alexandros

The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a result, the industry's benchmark, the Baltic Dry Index rose again yesterday by 14 points, to reach 834, with all major ship types gaining on the day. Still, according to market analysts and shipbrokers, this current trend isn't set to continue at least for the next few months. According to them,

The annual GL Hellenic Technical Committee was held in Athens yesterday. The Committee brings together representatives from the Greek maritime community, to hear and discuss presentations from both GL and external experts. This year, GL’s experts provided the Committee members with an update on the latest market trends and shipbuilding technology and examined some key topics for the future of

Ocean Rig UDW Inc., or Ocean Rig or the Company, an international contractor of offshore deepwater drilling

With oil demand still not rising quickly enough in order to absorb the extra tonnage, it seems that the VLCC tanker market is set for yet another dismal year. In its latest report, Poten & Partners noted that VLCC sector earnings continue to languish as recent rate movements broke through previously estimated seasonal support levels. TD1 spot rates have fallen into the teens, while other Baltic VLCC routes have also dropped

DryShips Inc., or DryShips or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, yesterday announced its unaudited financial and operating results for the fourth quarter ended December 31, 2012. Fourth Quarter 2012 Financial Highlights

Navios Maritime Holdings Inc. ("Navios Holdings" or "the Company") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the fourth quarter and year ended December 31, 2012. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings stated, "I believe that Navios Holdings is poised to capture any upturn in the market. During the past few years, as

With the first couple of months of 2013 now "under our belt" it seems that ship owners around the world have laid out their investment planning, thus heading out to shipyards for their ordering business. As a result, there is a steady stream of new orders across all sector of the shipping markets. The reason for this is that, in Clarkson Hellas' words, "they realize that competitively priced opportunities and deliveries are potentially

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

One of the worst hit segments of the crude tanker market appears to be the Suezmax one, which has been taking one blow after another in recent days. According to the latest weekly report from London-based shipbroker Gibson, "with the winter season traditionally being the strongest time of the year for earnings, it is a worrying tale that in the fourth quarter of 2012, TD5 earnings averaged a mere $13,500/day compared