Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

Navios Maritime Partners L.P. (Navios Partners) is a publicly listed master limited partnership on the New York Stock Exchange under the symbol “NMM.” Navios Partners owns and operates dry cargo and container vessels with primarily long term, staggered expiration charters. Navios Partners vessels have an average remaining charter term of approximately 3.4 years. Counterparties include Bunge, Cosco, Rio Tinto, Cargill, Exelon, and HMM. Navios Partners’ fleet consists of 31 vessels – a mix of Ultra-Handymax, Panamax, Capesize and Container vessels. Navios Partners’ Sponsor is Navios Maritime Holdings (NYSE: NM) which ...

NewLead Holdings Ltd. is an international shipping company that owns a fleet of dry bulk carriers and double-hull product tankers. NewLead executes an accretive fleet growth to expand its fleet from 10 vessels to a stable modernized fleet of 30 vessels. NewLead’s common stock trades on the Over-the-Counter (OTC) Pink Current under the symbol “NEWL”. NewLead controls a fleet of nine vessels, including four dry-bulk and five tanker vessels and manages one third party vessel. NewLead intends to become an integrated shipping, logistics and commodity company.

Paragon Shipping is an international shipping company incorporated under the laws of the Republic of the Marshall Islands with executive offices in Athens, Greece, specializing in the transportation of drybulk cargoes. Paragon Shipping’s current fleet consists of six drybulk vessels with a total carrying capacity of 297,879 dwt. In addition, Paragon Shipping’s current newbuilding contracts consist of two Ultramax and three Kamsarmax drybulk carriers with scheduled deliveries in the first quarter of 2016. The Company’s common shares and Paragon Notes trade on the NASDAQ Capital Market under the symbols “PRGN” ...

Performance Shipping Inc. (the “Company”) (NASDAQ:DCIX) is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes. As of March 26, 2019 the Company owns and operates four container vessels (2 Post-Panamax and 2 Panamax). Our fleet is managed by our wholly-owned subsidiary Unitized Ocean Transport Limited.

So far this year, demolition of older vessels has been feverish, in an attempt by ship owners to help alleviate the tonnage oversupply pressures that the global shipping market has been dealing with, in almost every shipping trade, from dry bulk to tanker. According to Rodney North, Braemar Seascope Director in Demolition, the level of scrapping activity in the dry bulk segment so far this year, is 400% more than in 2010, while in the tanker sector levels are approximately 25% lower than in the previous year. But, as Mr ...

The Company’s subsidiaries provide marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of such services. As of February 5, 2016, the Company’s operational fleet comprised of 37 drybulk vessels two of which have been agreed to be sold, with an average age of 6.1 years and an aggregate carrying capacity of 3.3 million dwt. The fleet consists of 14 Panamax class vessels, 8 Kamsarmax class vessels, 12 Post-Panamax class vessels and 3 Capesize class ...

Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the ownership and operation of dry bulk vessels. The Company is registered in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company currently owns a modern fleet of a total of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,145,553 DWT and an average fleet age of about 7.3 years. The Company’s common stock trades on the Nasdaq Capital ...

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. On a fully delivered basis, Star Bulk will have a fleet of 76 vessels, with an aggregate ...

StealthGas Inc is an international shipping transportation company specialized in the transportation of various petroleum and petrochemical gas products in liquefied form. StealthGas Inc. currently has a fleet of 49 LPG carriers, excluding the two chartered in vessels, with a total capacity of 239,187 cubic meters (cbm), three M.R. product tankers and one Aframax oil tanker with a total capacity of 255,804 deadweight tons (dwt). The Company has agreed to acquire a further 5 LPG carriers with expected deliveries ranging from the remaining of 2016 to 2017. Giving effect to ...

TOP Ships Inc. (Nasdaq:TOPS) (the “Company”) is an international owner and operator of modern, fuel efficient “ECO” MR tanker vessels focusing on the transportation of petroleum products. Most recently, the Company took delivery of the M/T Eco Revolution, a 39,000 dwt fuel efficient “ECO” MR product tanker, the fourth of six vessels under construction in the Company’s fleet. The remaining two vessels are scheduled for delivery in the second and third quarter of 2016.

To date, TEN’s pro-forma fleet, including two VLCCs, an LNG carrier, nine Aframax crude oil tankers, a Suezmax DP2 shuttle tanker and two LR1 tankers all under construction, consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.2 million dwt. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.

With the current newbuildings orderbook at huge levels, ship owners could very well use the expertise of consulting and services companies, which know their way around ship yards and can provide valuable assistance in all stages of a newbuilding ordering and taking delivery process. From negotiating with yards, to determining ship specifications to project management, companies like P&P Marine Consultants, which has built more than 50 vessels for various shipowners, often make the difference between failure and success.In an interview with Hellenic Shipping News, Mr. Harilaos Petrakakos, Senior Naval Architect ...

The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard Mcenery, Operations Director with Ocean Protection Services Ltd, one of the companies currently offering security services onboard vessels. In a special interview with Hellenic Shipping News Worldwide, Mr. Mcenery, states that the only long-term and viable solution to the plague of piracy is a land-based one, as this is where each pirate is “œborn”. He also says that more and more countries will allow ...

Shipping is under siege in order to lower its carbon footprint. The recent decision by IMO seeks to offset these pressures and ship owners need to start preparing for a “œgreener” shipping. Towards this direction, Carbon Positive, a leading carbon management consultancy is looking to help owners. According to an interview with Hellenic Shipping News Worldwide, Helena Athoussaki, CEO of Carbon Positive Services, the company just launched the Carbon Positive Sustainable Shipping Programme is a maritime emissions management strategy that covers three phases: Measure, Reduce and Offset. “œFirst, we will ...

The record levels of scrapping activity seen this year are going to be a catalyst for alleviating the industry’s oversupply problems by balancing supply and demand says Christina Anagnostara, Chief Financial Officer with New York-listed shipowner Seanergy Maritime Holdings. In an interview with Hellenic Shipping News Worldwide, Anagnostara said that “recently an international broker estimated that if all vessels built before 1985 were scrapped before the end of 2013 it would bring net annual fleet growth to 6.3%, compared to gross growth of roughly 12% and an estimated annual rise ...