Hellenic Shipping News.

Demand for second hand dry bulk carriers has gone up, as was expected after the boost in sentiment over the past few months. In its latest weekly report, shipbroker Banchero Costa noted that “the week 37 in the second hand market has been dominated by the bulk segment with numerous sales. The “Azul Challenge” (203k/04 ... […]

More tanker market turbulence should be expected in the coming weeks, as a result of the latest drone attacks, this time on Saudi Arabia’s oil facilities. In its latest weekly report, shipbroker Banchero Costa said that “on Saturday, September the 14th, a reported drone attack occurred on Saudi Arabian oil processing facilities at Abqaiq and ... […]

ChartCo has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this important, growing region for the shipping industries. The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore, cruising and superyachts all around the world and has a prominent ... […]

The rebound of the dry bulk market over the course of the past few months, has triggered a flurry of investment in second hand tonnage. In its latest weekly report, shipbroker Intermodal noted that “we are going through one of the rare instances where we see optimism building in the dry bulk industry and, as ... […]

The turmoil in the global economy is taking its toll in the tanker market, with demand for oil expected to take a turn for the worse. This is expected to have a negative impact in demand for crude oil tankers as well. In its latest weekly report, shipbroker Gibson said that “global oil demand looks ... […]

The tanker market was broadly unchanged during the month August, according to the latest OPEC report. Dirty vessel spot freight rates were broadly flat in August as gains in VLCCs were outweighed by declines in average rates for Aframax and Suezmax. A pick up in tonne-mile demand and reduced deliveries supported the VLCC market at ... […]

The West of England, a leading mutual marine insurer, was this week celebrating the 50th Anniversary of its Greek office. To mark the event, an evening reception was held at Balux, Glyfada and was attended by current and previous Club Members along with representatives from the West of England Board of Directors. From relatively small ... […]

With the freight rate market on a high note, especially in the dry bulk segment, demolition candidates have been scarce, not to mention the lack of buying appetite by scrapyards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the market slowly coming to the end of its summer hibernation and industry ... […]

BidaskClub upgraded shares of Star Bulk Carriers from a hold rating to a buy rating in a report published on Friday, August 23rd, BidAskClub reports. Several other research analysts also recently issued reports on SBLK. TheStreet downgraded shares of Star Bulk Carriers from a c- rating to a d rating in a report on Friday, ... […]

Ship owners are in full swing these days, when it comes to newbuilding and S&P investments alike. Over the course of the past few weeks, activity in the newbuilding ordering market has increased considerably and the same has occurred in the second hand market as well. In its latest weekly report, shipbroker Banchero Costa said ... […]