Home / Shipping News / Hellenic Shipping News (page 5)

Hellenic Shipping News

Capital Product Partners L.P. Announces Offering of Senior Unsecured Bonds on the Athens Exchange

Capital Product Partners L.P., an international owner of ocean-going vessels, today announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC (the “Issuer”), plans to offer in Greece up to €100 million of unsecured bonds (the “Bonds”) which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange. The Bonds will be guaranteed by CPLP. The net proceeds of the offering are intended to be used for vessel acquisitions, debt repayment and working capital purposes. The Bonds to be offered ...

Read More »

Ship Owners Are Loading Up on Newbuildings

Ship owners have been upping their newbuilding contracting activity with more deals being reported after each passing week. In its latest weekly report, shipbroker Allied commented that “the impressive performance in terms of newbuilding orders continued for yet another week while the lion share of the market still belongs to the Containership sector. In terms of market share by shipbuilders for these units, the majority have been snapped up by Chinese shipbuilders, something that may soon be negatively affected by the surge in new Covid-19 cases that emerged during the ...

Read More »

Greece seeks bidders for strategic port of Alexandroupolis

Greece has set a deadline of July 29 for binding bids for a majority stake in the port of Alexandroupolis, the chief executive of the country’s privatisations agency said on Wednesday, as it seeks to modernise the strategic asset. Athens’ quest to attract private investment in some of its regional ports as part of wider privatisations to boost economic growth has been delayed by uncertainty linked to the COVID-19 pandemic. Already last year, four investors, including Quintana Infrastructure and a joint venture of Cameron, Goldair Cargo and Bollore Africa Logistics, ...

Read More »

Hanseaticsoft announces new Greek client Iason Hellenic Shipping Co. Ltd. and expands market presence

Hanseaticsoft, a leading provider of maritime software and part of Lloyd’s Register’s Maritime Performance Services, is expanding its presence in Greece, signing Iason Hellenic Shipping Co. Ltd., a leading international transporter of dry bulk commodities and ship management company. Iason Hellenic Shipping Co. Ltd, is implementing nearly all modules of Hanseaticsoft’s Cloud Fleet Manager (CFM) for their fleet to accelerate the digitization of their ship management, to adjust their services to the evolving needs of the maritime industry and to optimize its processes. Specifically designed for shipping companies and ship ...

Read More »

Greece seeks bidders for strategic port of Alexandroupolis

Greece has set a deadline of July 29 for binding bids for a majority stake in the port of Alexandroupolis, the chief executive of the country’s privatisations agency said on Wednesday, as it seeks to modernise the strategic asset. Athens’ quest to attract private investment in some of its regional ports as part of wider privatisations to boost economic growth has been delayed by uncertainty linked to the COVID-19 pandemic. Already last year, four investors, including Quintana Infrastructure and a joint venture of Cameron, Goldair Cargo and Bollore Africa Logistics, ...

Read More »

MarineTraffic releases a High-Resolution Weather Forecast tool

MarineTraffic has helped create a prototype that provides high resolution forecast for near port and in port areas (try to understand operational needs due to weather) that is already being applied to fifty ports, but has potential to expand to all ports around the world. MarineTraffic publishes in the context of Accu-Waves project a prototype decision support tool for navigation management in ports. Ports are vital links for the maritime network and their seamless operation is crucial for the efficiency and safety of maritime transportations. Recent reports of maritime accidents ...

Read More »

Scrubbers Now Deemed a “Success Story” as VLSFO Prices Skyrocket

Scrubber investments could rise considerably as new research evidence proves both its financial but also their operational benefits to ship owners. In its latest weekly report, shipbroker Intermodal said that “market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a surprisingly favorable Hi-5 spread. Under a blurred setting regarding the direction and efficiency of alternative fuels and the current geopolitical disruptions, owners tend to adopt a medium-term approach to the evaluation of their investment towards decarbonization, rather than a long-term which might be overturned”. According to ...

Read More »

CMA D. ARGOUDELIS & CO S.A. Partnerships with ASK Digital

CMA D. ARGOUDELIS & CO S.A. has signed a contract agreement with ASK Digital, the most creative web design company in Greek Market. ASK Digital provides comprehensive Website Design & Development e-shop & digital marketing services. It has the most professional, specialized & creative developers for these services. Their customer’s website is the first and perhaps the most important step for their web presence. Furthermore, they can build both commercial e-commerce websites designed to optimize customer satisfaction and drive sales, as well as internal web apps for aiding in business ...

Read More »

Ship Recycling Market Exits “Crisis Mode”, Outlook Now More Positive

The ship recycling market has had to endure some pretty turbulent weeks, but things are starting to pick up once more. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in what has been a gloomy couple of weeks for the market, coupled with a lack of tonnage and price levels alarmingly coming off, there is now a more positive outlook in the past few days with steel prices rallying by nearly 15% locally. This has prompted end recyclers to put forward more prominent enquiries and cash buyers ...

Read More »

Greece’s Corinth Canal reopens to shipping after 18-month hiatus

Greece’s iconic Corinth Canal reopened to shipping earlier this month after an 18-month hiatus for repair works following a series of landslides, local officials told Xinhua on Monday. The canal saves vessels sailing from the Ionian Sea to the Aegean Sea some 130 nautical miles. Constructed from 1881 to 1893, the Corinth Canal between the Peloponnese peninsula and the mainland is considered an iconic 19th-century engineering project. The canal is about 6.3 km long, 24 meters wide at its base, and eight meters deep. It is difficult to navigate for ...

Read More »

Lagersmit becomes a Green Award Incentive Provider

Lagersmit Sealing Solutions is proud to announce that they have become a Green Award incentive provider. Lagersmit is one of the world’s leading manufacturers of rotating shaft seals for ships, pumps and tidal turbines and has decided to offer significant advantages on specially selected eco-friendly products for Green Award certified ships. It is essential for Lagersmit to stimulate every step forward to reduce oil pollution from propulsion systems. They become part of the Green Award Network for both inland and seagoing vessels. During the Posidonia exhibition in Athens, Dimitris Mattheou ...

Read More »

Transport Capital expands in Greece: Alexandros Valentis will help to grow the Group’s activities in one of the most important maritime markets

Transport Capital, an investment management and financial advisory firm focused on Maritime and Aviation, welcomes Alexandros Valentis as Director, Greece, based in its Athens office. With close to 20 years of experience in the maritime sector, Alexandros brings with him a wealth of ship finance and projects experience. After his career at Maersk in the early 2000s, he moved on to Proton Bank where he was a relationship banker from 2006 to 2012. Following this he continued to focus on shipping finance projects at OW Bunker, Golden Destiny and Maersk ...

Read More »

Saronic Ferries partners with C-Job Naval Architects for the design of the first fully-electric Ro-Pax Ferry in Greece

Saronic Ferries has today announced their partnership with C-Job Naval Architects. For the Greek owner, C-Job will develop the design of the first fully-electric Ro-Pax ferry in Greece. Saronic Ferries, the largest ferry operator for the Saronic islands, is realising its mission to operate a purely emissions-free fleet by 2040 to all destinations. George Papaioannides, Partner of Saronic Ferries, says: “We are taking a step towards a cleaner world and we envision our operation in the Saronic Islands to be the inspiration for others to initiate more green fleet renewal ...

Read More »

United Maritime Announces Accretive Acquisition of a Fleet of Four Aframax Petroleum Tankers

United Maritime Corporation announced today that it has entered into agreements with unaffiliated third parties to purchase a fleet of four tanker vessels, consisting of two Aframax oil tankers and two LR2 product tankers, with prompt deliveries. The two Aframax crude tankers were built in 2006 at a reputable yard in South Korea and have a cargo carrying capacity of approximately 114,000 deadweight (“dwt”) tons each, while the two LR2 product tankers were built in 2008 at reputable yards in China and have a cargo carrying capacity of approximately 109,000 ...

Read More »

East Dominates Russian Crude Oil Flows, as EU Scrambles to Find New Oil Markets

The global seaborne crude oil market trade “map” is being radically redesigned these days, which is expected to have a significant impact on the tanker market. In its latest weekly report, shipbroker Gibson commented that “this year’s events have been dominated by the Russian invasion of Ukraine, the resulting international sanctions, and the far-reaching consequences for the global economy. For tankers, once the European oil embargo on Russian oil comes into effect, global seaborne flows will be completely redefined. For now, however, Russia still exports the vast majority of its ...

Read More »

Recent Videos

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