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  • Newbuilding Orders Keep Piling Up
    by hellenicshippingnews... on 19 June 2024 at 21:00

    Newbuilding ordering activity remained elevated over the course of the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding business focus of the week is the activity in the tanker market which keeps on piling up. The orderbook for all type of ships is reaching a highest compared to the last ... […]

  • Diana Shipping Inc. Announces Pricing of US$150 Million Senior Unsecured Bond Offering
    by hellenicshippingnews... on 19 June 2024 at 17:00

    Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the pricing of a US$150 million private placement of senior unsecured bonds maturing in July 2029 and callable beginning three years after issuance. The bond offering was priced with a U.S. dollar fixed-rate coupon of ... […]

  • Ship Recycling Markets a Mixed Bag
    by hellenicshippingnews... on 18 June 2024 at 21:00

    The ship recycling market has been a mixed bag over 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 sector, different regions are grappling with their unique market conditions. India is currently in a downturn with reduced demand for ship steel ... […]

  • Dry Bulk Second Hand Ships in High Demand
    by hellenicshippingnews... on 17 June 2024 at 21:00

    Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to the latest data, as reported by the latest weekly analysis from Intermodal, “the dry bulk sale and purchase activity has demonstrated remarkable strength this year, achieving the second-largest volume of transactions in the sector’s history, surpassed only ... […]

  • Insightful WISTA Hellas Seminar on “A People-Centered Decarbonization Concept Beyond Sea Level Boundaries” within the framework of the METAVASEA project held at Posidonia 2024
    by hellenicshippingnews... on 17 June 2024 at 21:00

    On Thursday, June 5, within the framework of the METAVASEA project, we proudly hosted an insightful seminar titled “A People-Centered Decarbonization Concept Beyond Sea Level Boundaries” during #Posidonia2024. The event brought together brilliant leading maritime professionals, fostering discussions on innovative approaches to decarbonization within the maritime industry. Held in a full room at Posidonia Metropolitan ... […]

  • PPA S.A.: Two-day workshop on the preparation of the Regulation for tugboats
    by hellenicshippingnews... on 17 June 2024 at 21:00

    On May 29 and 30, 2024, PPA S.A. conducted an interactive workshop for the study and preparation of the Regulation for tugboats, following the issuance of the relevant presidential decree (P.D. 83/2022). At the two-day workshop, PPA S.A. executives, employees from the Berthing Sector and the Ship Repair Zone, as well as representatives of the ... […]

  • Tankers: Peak Demand is Coming, But Cargoes Will Still Be Plenty
    by hellenicshippingnews... on 16 June 2024 at 21:00

    A shift in overall demand patterns is expected to arrive to the tanker market, after the peak demand reference point arrives. Of course, some segments are expected to benefit more than others. In its latest weekly report, shipbroker Gibson said that “oil demand will peak this decade, that is the call by the International Energy ... […]

  • Diana Shipping Inc. Announces Time Charter Contract for m/v Myrsini With Cobelfret S.A.
    by hellenicshippingnews... on 16 June 2024 at 17:00

    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 Cobelfret S.A., Luxembourg, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$17,100 ... […]

  • Tanker Market: A Mixed Bag During May
    by hellenicshippingnews... on 14 June 2024 at 21:00

    The tanker market showed a mixed bag of results over the past month. According to the latest monthly report from OPEC, dirty spot freight rates showed mixed movement in May, with VLCCs and Aframax generally improving while Suezmax experienced a decline, m-o-m. VLCC spot freight rates on the Middle East-to-East route rose by 10%, m-o-m, ... […]

  • Tanker Market Expected to Heat Up
    by hellenicshippingnews... on 13 June 2024 at 21:00

    The tanker market is expected to heat up over the coming weeks and months. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the European Central Bank (ECB) took a bold step on Thursday, becoming the first major central bank among the US, UK, and the eurozone to cut interest rates. This move, the ... […]

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