Hellenic Shipping News.

More newbuilding orders with delivery dates set for 2027 and 2028 were reported over the past few days. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector, the Chinese yard New Dayang has secured an order of 4 x 64,100 dwt ultramaxes from the Singapore based company Adhart Shipping. No ... […]

Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the first quarter of 2025. Financial performance of the First Quarter Ended March 31, 2025 Alternative performance metrics and market development* Declaration of Q1 2025 dividend The Company’s board of directors declared a dividend of $0.32 per common share to shareholders. Dividends payable to common ... […]

Piraeus Port Authority S.A. (PPA S.A.) welcomed a high-level delegation from the Republic of Kazakhstan to its headquarters, as part of an official scheduled visit with senior members of the Management. The delegation was composed of representatives from a number of official entities, including the Ministry of Transport of Kazakhstan, the Embassy of Kazakhstan in ... […]

Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2025 and the amendment of its dividend policy to pay a minimum quarterly dividend of $0.05 per share. Unless ... […]

Greek ship financing has been on the rise, with Petrofin Research’s latest annual report, showing strong growth in figures. The Petrofin Index for Greek Ship finance, which commenced at 100 in 2001 and peaked at 443 in 2008, increased to 324 in 2024 from 308 in 2023. This was the highest figure since 2017. Highlighted ... […]

With India’s and Pakistan’s clash casting a dark shadow over the region, the ship recycling market has continued to face headwinds. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the global ship recycling market continued to face headwinds, with limited momentum across key destinations. In India, the ... […]

Newbuilding contracting activity from Greek ship owners has declined sharply so far this year. In its latest weekly report, shipbroker Xclusiv said that “Greek shipowners continue to demonstrate a strong and strategic presence in the global shipbuilding market, holding one of the largest national orderbooks in the industry. As of the latest data, Greek interests ... […]

Constantine Logothetis has increased his stake in Sulnox after the green fueltech company more than doubled revenues in the year to March. The shipping investor now holds, directly or indirectly, voting rights over 36.6 million Sulnox shares, representing 28.76% of the company. A holding of 29.9% is typically the level above which a shareholder is obliged ... […]

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation was conducted by representatives of the company, led by Deputy CEO Mr. Angelos Karakostas, and a discussion followed with institutional investors and analysts answering questions regarding the progress of the port’s ... […]

The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude tumbling 6.85% just last week after Saudi Arabia signaled it’s prepared to handle a stretch of ... […]