PPA S.A. is setting the pace for the port industry with a strong presence at this year’s Posidonia, held at Athens’ Metropolitan Expo Centre from 6-10 June, showcasing PPA’s strong achievements for the Port of Piraeus with the slogan “One stop hub for all port services, excellence in all”. Following the opening ceremony held on the first day of the exhibition, the Prime Minister, Kyriakos Mitsotakis, the Minister of Maritime Affairs and Insular Policy, Ioannis Plakiotakis, China ambassador to Greece, Xiao Junzheng, alongside other governmental officials and press representatives visited ...

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2022. “We are proud to announce our Q1 2022 results. This has been one of the best first quarters in the Company’s recent history. During the last couple of years, the Company took significant steps to improve its balance sheet and at the same time expand and renew its fleet. During this time, we have also refinanced our debt position at lower costs. We are pleased that our ...

CMA D. ARGOUDELIS & CO S.A. has signed a contract agreement with Aplisens as Authorized Distributor in Greek Market. APLISENS S.A. is one of the leading manufacturers of high quality process instrumentation. The company was founded in 1992. Main factory and headquarters are located in Warsaw. From the beginning it has concentrated on electronic pressure and differential pressure measurement technology. The basic rules have always been: high quality, high flexibility and competent support to customers. CMA will be the distributor for all the product portfolio of Aplisens, for the Maritime ...

NAVIGATOR SHIPPING CONSULTANTS proudly announces the physical organization of “NAVIGATOR ASSEMBLY which will be held on Wednesday 13th April 2022, at Divani Apollon Palace & Thalasso, 15.00-21.00 under the title “#EmbraceTheChange”. Following the last two years that the pandemic became part of our reality, NAVIGATOR SHIPPING CONSULTANTS invites the members of the Greek Shipping Industry to discuss again physically about issues that concern their shipping everyday life such us, decarbonization, digitalization, maritime logistics, the role of the human element onboard & ashore and commercial & financial aspects. This year five ...

Seanergy Maritime Holdings Corp. reported yesterday that, taking advantage of the current strong market conditions, it has fixed one more of its Capesize vessels, the M/V Worldship, under a fixed-rate time charter (“T/C”) with a world-leading U.S. commodity trading company, which is already amongst the Company’s charterers. Moreover, Seanergy successfully concluded the financing of two of its new acquisitions, the 2012-built Capesize M/V Hellasship and the 2010-built M/V Patriotship (the “Vessels”) through a sale and leaseback agreement with a major Chinese financial institution. Time Charter Agreement for M/V Worldship The ...

The incredible surge in the container shipping market has also fuelled the newbuilding market for container carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market continues on a fairly active mode, with the well performing sectors attracting most of the buying appetite. In the dry bulk market, it was a week with only one Kamsarmax order, but interest remained vivid. The bullish freight market in the sector has lifted sentiment considerably, boosting enquiries for newbuilding projects. The stability of newbuilding prices during the last few weeks ...

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that it has entered into an agreement for the acquisition of a Japanese-built, Kamsarmax class, 82,000 dwt, dry-bulk, newbuild vessel with scheduled delivery in the fourth quarter of 2023. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to Green House Gas emissions ‘EEDI, Phase 3’ and also comply with the latest NOx emissions regulation, NOx-Tier III. Including this acquisition the total orderbook of the Company is comprised of five EEDI-Phase 3 ...

Pyxis Tankers Inc., a growth-oriented pure play product tanker company, announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a medium range product tanker of approximately 47,000 dwt built in 2013 at Hyundai Mipo shipyard in South Korea. The purchase price of $20 million is expected to be funded by a combination of bank debt and cash. It is anticipated that the acquisition, which is subject to customary closing conditions, will be completed during the summer of 2021. About Pyxis Tankers Inc. ...

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced yesterday its results for the three-month period and full year ended December 31, 2020. Full Year 2020 Highlights: Total net revenues of $53.3 million. Net income of $4.0 million; net income attributable to common shareholders (after a $0.7 million dividend on Series B Preferred Shares) of $3.3 million or $0.58 earnings per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the year was $0.1 million or $0.021 ...

Vasileiadis shipping agency has just announced its shipping activitiescat the port of Thessaloniki. The new shipping company is founded in 2020 by mr Karolos Vasileiadis who has thirty years of experience as an agent, broker, freight forwarder and shipper. The new company offers a various range of services and especially: Free communication proceedings, transit passage proceedings, customhouse formalities, port authority formalities, mice killing discharge certificate extradition, crew transportation for liner, tramp and transit transports. In addition, the operations department tends for ship supplies, bunkering, towage, stevedoring. Also, the company provides ...

Attica Group, parent company of Superfast Ferries, Blue Star Ferries, and Hellenic Seaways, with a high sense of responsibility towards its passengers, has been taking all necessary precautionary measures from the first moment the COVID-19 pandemic occurred. The focus has been on the protection of the passengers and crew members of its vessels in close collaboration with the requirements of NPHO (the National Public Health Organization) in Greece and all competent authorities. With the tourist season now commencing and the transportation of passengers to and from the Greek islands now ...

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$13,200 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on May 31, 2020. The “G. P. ...

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$10,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 15, 2021. The new charter period will commence on April 3, 2020. The “Myrto” is ...

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v P. S. Palios, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$6,000 per day for the first thirty five (35) days of the charter period and US$12,050 per day for the balance period ...

TEN, Ltd. (TEN) (TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2019. 2019 YEAR RESULTS In 2019, TEN produced profits of $42.7 million before non-cash impairment charges and positive net income of $15.1 million, a $76 million turnaround from 2018. Such improvement in profitability was primarily due to the very strong freight market that arose in the fourth quarter of the year, and still the case today, and resulted in voyage revenues reaching $597.5 million. Operating income reached $113.5 million compared to ...