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VLCCs lose ground during January, but Suezmaxes and Aframaxes stage rally

According to the latest monthly report from OPEC, released this week, despite of the decline of VLCC freight rates seen in January compared to the previous month, average dirty spot freight rates remained in the positive zone, supported mainly by a considerable gain registered in both Suezmax and Aframax freight rates. VLCC spot freight rate losses in the first month of 2014 came

Star Bulk Takes Delivery of Its First Post -- Panamax Bulk Carrier, Star Vega

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes,

Navios Maritime Acquisition Corporation Announces Upsize and Pricing of Follow-On Offering

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

Slow steaming still holds the key for sustainable freight rates in the tanker markets

The tanker market is still a tale of two sides, with crude tankers still lingering along, as opposed to the product tanker counterparts. According to the latest BIMCO estimates for February/March, earnings for the VLCC segment are expected to settle in the region of USD 10,000-25,000 per day. Suezmax crude oil carriers are also seen down from the recent peak to

Navios Maritime Holdings to Ring the NYSE Closing Bell(R), Commemorating the Company's 60th Anniversary

Navios Maritime Holdings Inc., announced today that Chairman and CEO Angeliki Frangou,

Dry bulk market faces better prospects on the back of improving demand and supply balance

The dry bulk market has started off the New Year on the "left foot", with the strong finish of 2013 proving to be unsustainable, on the back of low seasonal demand. As a result, freight rates fell across the board, although the Handysize market is still close to a three-year high. In its latest report on the market, issued yesterday, BIMCO said that it believes that "the level of

Hellas: Ship owners invest more than 13% billion in newbuilding orders in 2013 for 275 ships

On the back of a positive sentiment for the future, 2013 saw Greek shipowners placing a record number of orders estimated at 25% of the global orderbook, with shipbuilders remaining upbeat as to future newbuilding investments funded by Greek interests. Last year Greek shipowners committed upwards of $13bn to newbuilding orders for 275 vessels of more

Paragon Shipping Inc. Announces Pricing of Public Offering of Common Stock

Paragon Shipping Inc. announced today that it has priced its previously announced underwritten offering of

UANI Calls on Victor Restis, EST & George Sarris to Clarify Internal Policy Prohibiting Business in Iran

United Against Nuclear Iran (UANI) called on Greek shipper Victor Restis, Enterprises Shipping

Paragon Shipping Inc. Announces Public Offering of Common Stock

Paragon Shipping Inc. announced that it has commenced an underwritten offering of its Class A common stock. The net proceeds of this

Newbuilding orders reaching new Post-Crisis heights

Ship owners are looking to take advantage of the last few attractive deals in the newbuilding market, before prices start climbing to new highs and are piling up the orders in a frantic pace. According to the latest weekly reports from shipbrokers, activity has kept on rising, with the deals done prior to the Chinese holidays now surfacing. According to the latest weekly

Navios Maritime Acquisition Corporation Reports Financial Results for the Fourth Quarter and Year Ended December 31,2013

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results for the fourth quarter and the year ended December 31, 2013. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, "I am pleased with our results for 2013, a pivotal year for Navios Acquisition in which we grew our fleet by 14 vessels.

Navios Maritime Partners L.P. Announces Pricing of Follow-On Offering

Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, announced today that it has priced its follow-on public offering

STEALTHGAS INC. Announces Pricing of Offering of Common Stock With Single Institutional Investor

STEALTHGAS INC. (GASS), a ship-owning company primarily serving the liquefied petroleum

Is Genco Shipping & Trading Limited Worth More Dead Than Alive?

The upcoming March 31 deadline for Genco Shipping & Trading to score waivers from its debt holders hangs over it like the sword

Diana Shipping Inc. Prices Public Offering of $60.0 Million of Its 8.875% Redeemable Perpetual Preferred Shares

Diana Shipping Inc. (DSX) announced that it priced its public offering of 2,400,000 shares of its

Ship owners invest in 447 newbuildings and second hand vessels during January

Despite a rough start to the year for the dry bulk freight market and lackluster performance from most other shipping sub-segments, ship owners have been very active in both the newbuilding and the secondhand markets, during the first month of 2014. According to shipbrokers' reports, ship owners around the world have invested into 246 newbuildings

Danaos Corporation Reports Fourth Quarter and Full Year Results for the Period Ended December 31, 2013

Danaos Corporation, a leading international owner of containerships, reported unaudited results for the quarter and full year ended December 31, 2013.

Highlights for the Fourth Quarter and Full Year Ended December 31, 2013:

    Operating revenues of $147.0 million for the three

Goldenport Holdings Inc. Appoints Alexis Stephanou as Chief Financial Officer

Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and
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