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  • Tanker Market: New Geopolitical Factors Come Into Play
    by hellenicshippingnews... on 16 February 2025 at 22:00

    New factors are constantly coming into play on a weekly basis, when it comes to influencing future oil flows and thus the tanker market as a whole. In its latest weekly report, shipbroker Gibson said that “this week Trump announced that he and President Putin had spoken at length, the first confirmed direct contact between ... […]

  • Tanker Market Suppressed During January
    by hellenicshippingnews... on 14 February 2025 at 22:00

    The tanker market has been suppressed during the month of January, OPEC said in its latest monthly report. Dirty spot freight rates registered a slow start to the year. VLCCs showed the best performance in January, with the Middle East-to-East route up 38%, m-o-m, amid increasing activities on the longer haul routes. The Suezmax and ... […]

  • Dry Bulk Shipping Experiences a 56% Drop in Capesizes Since November
    by hellenicshippingnews... on 13 February 2025 at 22:00

    With seasonality playing a big part, dry bulk shipping freight rates have taken a significant hit over the past few months. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk freight market has experienced significant declines in rates across various vessel sizes since November 2024. According to the Baltic Exchange Timecharter equivalents, ... […]

  • Navios Maritime Partners L.P. Reports 2024 Revenues of $1.33 Billion
    by hellenicshippingnews... on 13 February 2025 at 22:00

    Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the fourth quarter and year ended December 31, 2024. Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “I am pleased with the results for the full year and fourth quarter of ... […]

  • Ship Demolition Market Slow and Uncertain
    by hellenicshippingnews... on 12 February 2025 at 22:00

    The ship recycling market is still quite slow and uncertain. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling market remained slow and uncertain, with all four major destinations—India, Bangladesh, Pakistan, and Türkiye—struggling to gain momentum. In India, recyclers had pinned their hopes ... […]

  • Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine
    by hellenicshippingnews... on 12 February 2025 at 22:00

    Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2010-built Post-Panamax vessel “Alcmene”, with delivery to the buyer latest by March 7, 2025, ... […]

  • Globus Maritime Announces Agreement To Sell The River Globe,A Supramax Vessel
    by hellenicshippingnews... on 12 February 2025 at 22:00

    Globus Maritime Limited, a dry bulk shipping company, announced today that through a wholly owned subsidiary, it has entered into an agreement to sell to an unaffiliated third party its 2007-built supramax vessel of approximately 53,627 dwt, the m/v River Globe, for a gross price of US$ 8.55 million before commissions and expenses. The vessel ... […]

  • ThPA S.A.: Approval for the Master Plan for the Port of Thessaloniki through the issuance of a relevant Presidential Decree
    by hellenicshippingnews... on 12 February 2025 at 18:00

    ThPA S.A. announces that the Master Plan for the Port of Thessaloniki has been approved, with the issuance of Presidential Decree No. 12/2025 (Government Gazette 18/A/10-2-2025) by the President of the Republic. The issuance of the Presidential Decree is an important milestone for the Port of Thessaloniki, as the company is now able to proceed ... […]

  • Second Hand Sales Are Heating Up
    by hellenicshippingnews... on 11 February 2025 at 22:00

    Things are heating up in the second hand market for ships, with more deals being reported last week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk segment, Greek based company Seanergy was behind the purchase of the Newcastlemax BERGE KITA 207,850 dwt 2013 Imabari built (SS due Oct 2028, DD ... […]

  • Greek shipping: Success factors and opportunities
    by hellenicshippingnews... on 11 February 2025 at 22:00

    Greece has held a prominent place in shipping for many decades. What makes this more significant is that the country’s considerable role on the international maritime stage is disproportionate to its size. The capacity of the Greek merchant fleet, at more than 5,000 vessels, makes Greece the largest shipowning nation, and its shipping sector (including ... […]

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