Hellenic Shipping News.

The changing dynamics of the tanker trade in the Mediterranean Sea seem to be a constant, rather than an exception. In a recent weekly report, Poten said that the Mediterranean, or the “Med” as it is known in shipping circles, is one of the most important bodies of water in maritime history. The Mediterranean played ... […]

Demand for second hand dry bulk carriers remained in high demand during the past week. In its latest weekly report, shipbroker Xclusiv said that “despite the northern hemisphere approaching the “heart” of the summer, dry bulk S&P activity remains robust. Chinese buyers were quite active on the Capesize sector this week. The “Cape Mathilde” – ... […]

ThPA S.A. is bolstering its reefer container handling capabilities by incorporating RTE’s GRASP automated reefer monitoring platform. This advanced system, coupled with WRAD II Bluetooth® wireless devices, revolutionizes the port’s reefer operations, ensuring even more efficient and effective handling of reefer containers. ThPA S.A. is the multi-gateway intermodal network and logistics solutions provider for the ... […]

The lack of tonnage persisted in the ship recycling markets this past week. In its latest weekly report, Best Oasis (www.best-oasis.com), the world’s leading cash buyer of ships said that “the ship recycling sectors in four key destinations faced challenges this week. In India, the industry continues to struggle with disruptions from the monsoon season, ... […]

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is ... […]

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that Alliance Global Partners (AGP) has initiated analyst coverage of the Company with a “Buy” rating and US$6.50 price target. All reports prepared by analysts represent the views of those analysts and not necessarily those of the Company. The ... […]

More and more shipyards are coming back online, or are expanding their existing facilities, in order to cope with growing demand for new ships. In its latest weekly report, shipbroker Xclusiv said that “newbuilding activity remains robust with vessel deliveries extending to 2028 for bulkers, tankers, and containers, and up to 2030 for gas carriers. ... […]

The inclusion of shipping in the ETS regulatory framework and the implementation of the EEXI and CII indices, has led to a significant slowdown of vessels’ average sailing speeds. In its latest weekly report, shipbroker Intermodal said that “in February 2024, we discussed the impact of the integration of the Energy Efficiency Existing Ship Index ... […]

Capital-Executive Ship Management Corp. is pleased to announce the successful delivery of the 2,862 TEU newly built container vessels C/V ‘Acastos’ C/V ‘Adonis’, C/V ‘Anaxagoras’, C/V ‘Acheloos’ from HD Hyundai Mipo Dockyard Co. Ltd., South Korea. Each sister vessel features a single-tier lashing bridge for increased stack-weights and to facilitate the 604 refrigerated containers. The ... […]

Piraeus Port Authority S.A. received two prestigious distinctions for its significant contribution to the Greece’s economy at the “Protagonists of the Greek Economy” awards, organized by the Direction Business Network under the auspices of the Ministry of Development. PPA S.A. was honored with the “Industry Leader in Port Authorities” recognizing its position in the sector ... […]