Hellenic Shipping News.

OceanPal Inc., a global shipping company specializing in the ownership of vessels, announced that it has taken delivery of the m/t Zeze Start, a 2009-built tanker vessel having a carrying capacity of 49,999 dwt (the “Vessel”), that the Company entered into an agreement to purchase in late July 2024. The acquisition of its first tanker ... […]

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced the sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of approximately $13.0 million. The Company expects ... […]

Libya’s oil production is once again affected by local turmoil. In its latest weekly report, shipbroker Intermodal said that “Libya’s oil production, crucial to both its economy and global energy markets, was severely disrupted last week. The country’s production has fallen by around 70% due to a crisis over control of the country’s central bank, ... […]

Today, a German delegation visited ThPA S.A., with participants including Mr. Oliver Luksic, Parliamentary State Secretary to the Federal Minister for Digital and Transport of Germany, Monika Frank, Consul General of Germany in Thessaloniki, Athanasios Kelemis, General Manager and Board Member of the German-Hellenic Chamber of Commerce and Industry, executives from Duisburger Hafen AG (Duisport), ... […]

The crude tanker market is expected to benefit from an expected increase in crude oil supply in the coming years. In its latest weekly report, shipbroker Gibson said that “South America has been a major source of oil supply for decades. Traditional producers Colombia, Venezuela and Ecuador have all faced challenges in recent years, with ... […]

The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced ... […]

China is leading the necessary expansion in shipbuilding capacity, in order to cover the influx of new demand. In its latest weekly report, shipbroker Xclusiv said that “the Chinese shipbuilding industry is experiencing a significant expansion, driven by strong newbuilding demand and the need to meet growing global shipping needs. Several major shipyards are investing ... […]

STEALTHGAS INC., a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS All-time record quarterly Net Income of $25.8 million for the second quarter of 2024, a ... […]

The ship recycling markets have remained in limbo over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across the major destinations continued to face a challenging environment. In India, the market remains sluggish with low demand and limited tonnage availability, ... […]

Container ships have been the “darlings” of the newbuilding market. In its latest weekly report, shipbroker Banchero Costa said that “the newbuilding market is still dominated by containerships orders. There is a massive action taken by the main players in the container field to book slots and renew or expand their trading fleet. More than ... […]