Hellenic Shipping News.

Bank ship finance for Greek shipping has decreased during 2023 by 2%, Petrofin Research said in its latest annual report. The overall Greek loans (both drawn and committed but undrawn) booked both in Greece and worldwide as of 31/12/2023 are down to $50,891.42 compared to $51,909.77m in 2022, $52,580.03m in 2021, $49,794.51m in 2020, $53,107.8m ... […]

The ship recycling markets have shown a mixed picture during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in the ship recycling markets across four key destinations, distinct trends are observed. In India, the market shows positive momentum with stable rates, and prevailing conditions ... […]

Watson, Farley & Williams, Hellenic Management Centre and Queen Mary University of London joined their forces and organized a Seminar on recent developments of shipping law cases on Tuesday, 23 April 2024 at Piraeus Marine Club. The distinguished speakers brought their unique perspective on the recent developments of shipping cases. Mr Aris Moschopoulos, Partner, Watson ... […]

Capital Product Partners L.P., an international owner of ocean-going vessels, released its financial results for the first quarter ended March 31, 2024. Operating Surplus3 and Operating Surplus after the quarterly allocation to the capital reserve for the first quarter of 2024 were $48.3 million and $9.6 million, respectively. Announced common unit distribution of $0.15 for ... […]

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three month periods ended March 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Dr. Loukas Barmparis, President of the Company, said: “During the ... […]

Increasing ton-mile demand is projected to become the norm in the tanker market, prompting many owners to increase their exposure to larger vessels. In its latest weekly report, shipbroker Intermodal said that “the first quarter of 2024 saw a great deal of movement and disturbance in the crude oil market, mostly due to strategic production ... […]

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 ASL Bulk Shipping Limited, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is ... […]

Ton-mile demand is up across the board in the tanker market, helping keep rates high. In its latest weekly report, shipbroker Gibson said that “with the one third of the year already over and the Red Sea still off limits to the majority of the tanker market, we examine how crude and product trade flows ... […]

The global seaborne crude oil market grew during the first quarter of 2024, but this wasn’t the case with the Arabian Gulf. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession. In Jan-Dec 2023, ... […]

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 Bulk Trading SA, for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix. The gross charter rate is ... […]