Hellenic Shipping News.

Things aren’t all that rosy when it comes to the tanker market these days. Besides the issues surrounding the long-term viability of older vessels, as a result of the new set of environmental restrictions, owners will have to think twice about which part of the sea world is currently risk-free. In its latest weekly report, ... […]

TOP Ships Inc., an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has concluded a Financing Agreement with a major Chinese Financier. The gross proceeds from the new financing amount to $25.6m and will be used mainly to ... […]

2019 won’t go down in the record books when it comes to ship recycling, despite the fact that, according to some market delegates, it should. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it has been an unusual week where there appears to be no real function in the market with sentiment ... […]

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$11,750 per ... […]

First of all, we would like to express our gratitude to all Members, Sponsors, Participants and Guests for their sincere and warm support of Pireas 2019. During the last 12 months, the Board of Directors of the Hellenic Shipbrokers Association and the organising committee have spared no effort in organising an impeccable Pireas 2019, the ... […]

Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new ordering activity seems to have slowed for dry bulkers for now, with a mere 3 units ... […]

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that the first scrubber was successfully installed and commissioned on MV Martine, a Japanese, Post-Panamax class vessel, built in 2009. The scrubber is open loop, U-Type, Alfa Laval PureSOx and during commissioning has been tested in several loads complying comfortably with the stricter ... […]

The dry bulk market has been on a rollercoaster ride over the past few months, in a further testament that the Post-Lehman era for shipping and the global economy will be dominated by very big market fluctuations. Amid such a freight rate market, things are more than tricky in terms of valuations in the S&P ... […]

This past week saw the latest reports from OPEC, EIA and IEA alike. In its latest weekly report, shipbroker Gibson noted that “it is official. After weeks of speculation and some minor reshuffling in terms of meeting dates, in early July OPEC+ announced the extension of their production cuts for another nine months until the ... […]

Piraeus Bank is looking into a strategic partnership with a major Asian Pacific financial conglomerate that will help it provide financing to Greek shipping companies, Greece’s largest lender by assets said on Friday. Piraeus did not name the Asian partner, nor provide details of what form such a deal would take. “This pioneering initiative forms ... […]