Globus Maritime Limited announced yesterday that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue 2.6 million of its common shares or pre funded warrants in lieu thereof and purchase warrants to purchase up to an aggregate of 1.95 milli....
Hellenic Shipping News
Published 4y-10mo-2w-3d-3h-41m ago
Shipowners’ appetite for dry bulk carriers has been highlighted during the past week, as freight rates have kept their upward trajectory. In its latest weekly report, shipbroker Banchero Costa commented on the S amp 38 P market that “with a strong Capesize market, albeit slowing down a bit in t....
Hellenic Shipping News
Published 4y-10mo-2w-3d-23h-41m ago
The demolition market underwent a major price correction during the past few days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “following the accelerated prices witnessed over the festive season, and into 2021, which was driven by fresh optimism and firm global steel m....
Hellenic Shipping News
Published 4y-10mo-2w-4d-23h-41m ago
PwC Greece shared its insights on the key topics that are currently shaping the landscape for the shipping industry during a virtual, 2 days event titled “The Annual PwC Update for Shipping Industry Finance Professionals”. The event was organized in January 2021 and was attended by more than 100....
Hellenic Shipping News
Published 4y-10mo-2w-4d-23h-42m ago
The dry bulk market’s fundamentals are edging towards an improvement, in favor of ship owners. In its latest weekly report, shipbroker Intermodal said that “while 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early t....
Hellenic Shipping News
Published 4y-10mo-2w-5d-23h-41m ago
An ambitious plan to double Brazil’s crude production, could yield significant demand for seaborne crude tanker plays down the line. In its latest weekly report, shipbroker Gibson said that “since 2019 Brazil has become the top crude exporter in Latin America, with crude shipments for all produ....
Hellenic Shipping News
Published 4y-10mo-2w-6d-23h-41m ago
The US market for LPG has cemented its place as a global leader during 2020, with exports in particular ending the year on a positive note, versus a decline in the rest of the world. In its latest weekly report, shipbroker Banchero Costa said that amp 8220 as crude oil and natural gas processing i....
Hellenic Shipping News
Published 4y-10mo-3w-1d-23h-41m ago
Shipbrokers are trying to gauge the state of the freight markets, as 2021 is already on course, but with many unknowns. In its latest weekly report, shipbroker Allied Shipbroking said that “with any New Year, start new beginnings and many are already in pursuit of setting off this one on the amp ....
Hellenic Shipping News
Published 4y-10mo-3w-2d-23h-41m ago
Nettitude announced the location of our new office in Athens. This milestone is a major move for our global organisation as we continue to identify strategic locations in which to offer our threat led services that span Technical Assurance, Consulting and Managed Detection and Response. With specifi....
Hellenic Shipping News
Published 4y-10mo-3w-2d-23h-41m ago
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 Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Ca....
Hellenic Shipping News
Published 4y-10mo-3w-3d-3h-41m ago
The current market sentiment appears to be rather bullish when it comes to dry bulk newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “this was another impressive week for the dry bulk newbuilding market, with buying appetite seemingly being refreshed, reflecting t....
Hellenic Shipping News
Published 4y-10mo-3w-3d-23h-41m ago
Navios South American Logistics Inc. announces it has confidentially submitted a draft Registration Statement on Form F 1 to the United States Securities and Exchange Commission the amp 8220 SEC amp 8221 relating to the proposed initial public offering of its common stock. The number of shares....
Hellenic Shipping News
Published 4y-10mo-3w-4d-3h-41m ago
The ships’ recycling market started 2021 rather strongly. However, as things stand, some of the momentum built has gone, which could be an indication that some fluctuations could be on the cards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market appears to be f....
Hellenic Shipping News
Published 4y-10mo-3w-4d-23h-41m ago
International legal and professional services firm Ince has announced the hire of Konstantinos Dinos Mexias as Partner in Piraeus, to strengthen its already world leading shipping team. Dinos is an accomplished finance specialist, with skills across all aspects of ship finance. During his career, ....
Hellenic Shipping News
Published 4y-10mo-3w-5d-11h-41m ago
Seaborne iron ore trade continued to be dominated by China, even more so, during the pandemic. In its latest weekly report, shipbroker Banchero Costa said that “seaborne iron ore trade remained relatively resilient in 2020, at least in Asia, despite the global economic impact from COVID 19. Global....
Hellenic Shipping News
Published 4y-10mo-3w-5d-23h-41m ago
Scrubber uptake has been quite widespread in the VLCC segment, with shipbroker Gibson estimating that up to 31% of the existing fleet already fitted with the systems, while by the end of 2021, that share is expected to increase to about 40%. Scrubber make more financial sense to larger ships, where ....
Hellenic Shipping News
Published 4y-10mo-3w-6d-23h-41m ago
The tanker market posted a mild rebound during the month of December. According to the latest monthly report from OPEC, dirty tanker rates experienced a slight improvement m o m in December, while still remaining near multiyear lows amid a persistent imbalance in tanker demand and availability. VLCC....
Hellenic Shipping News
Published 4y-10mo-4w-1d-23h-41m ago
A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi year highs to incentivize scrapping of vint....
Hellenic Shipping News
Published 4y-10mo-4w-2d-23h-41m ago
Globus Maritime Limited the “Company” or amp 8220 Globus amp 8221 NASDAQ: GLBS , a dry bulk shipping company, announced today that it has secured new time charter employment for its vessel Star Globe a 56,867 deadweight ton built Supramax dry bulk carrier built in 2010, at Kouan Shipbuil....
Hellenic Shipping News
Published 4y-11mo-7h-41m ago
The fundamentals for the dry bulk market seem to be improving as we entered 2021. A moderate dry bulk fleet growth during 2020, combined with improving demand, could set the tone for this year. In its latest weekly report, shipbroker Allied Shipbroking said that “the rally noted during 2020 in the....
Hellenic Shipping News
Published 4y-11mo-23h-41m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it is amending the terms of its previously announced cash tender offer the “Tender Offer” to purchase up to 6,000,000 shares of its outstanding common stock to increase the pr....
Hellenic Shipping News
Published 4y-11mo-1d-3h-41m ago
The start of the new year has been rather bullish in terms of contracting in the newbuilding market, while the S amp 38 P market has been rather active as well. In its latest weekly report, shipbroker Allied Shipbroking talked about “an impressive break period for the newbuilding market, with sev....
Hellenic Shipping News
Published 4y-11mo-1d-23h-41m ago
Seanergy Maritime Holdings Corp. announced today that it has reached final agreements with certain of its senior lenders and junior lender, for the financial restructuring of a total of $179 million, consisting of four senior credit facilities the “Senior Facilities” , three junior credit facil....
Hellenic Shipping News
Published 4y-11mo-1d-23h-41m ago
An upwards pricing trend in the demolition market, could trigger more tonnage sales towards recycling yards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it feels like the recycling market has brought gifts to the shipping industry as the New Year heralded in with dram....
Hellenic Shipping News
Published 4y-11mo-2d-23h-41m ago
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 SwissMarine Pte Ltd., Singapore, for one of its Post Panamax dry bulk vessels, the m/v ....
Hellenic Shipping News
Published 4y-11mo-2d-23h-41m ago
South African coal exports were always one of the dry bulk market’s most important trades. Based on the latest available data, during 2020, South Africa’s coal exports were increased. In a recent report, shipbroker Banchero Costa said that “South Africa is the fourth largest exporter of coal i....
Hellenic Shipping News
Published 4y-11mo-5d-23h-41m ago
TEN Ltd., a leading diversified crude, product and LNG tanker operator, yesterday announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares the “Series F Preferred Shares....
Hellenic Shipping News
Published 4y-11mo-6d-3h-41m ago
The tanker market has entered 2021 with renewed optimism thus far, despite estimates of the opposite. In its latest weekly report, shipbroker Fearnleys said that in the VLCC market “there was hope in the air for the first full trading week of the New Year, with added volumes from OPEC+ and the per....
Hellenic Shipping News
Published 4y-11mo-6d-23h-41m ago
The ship repair hasn’t remained in a “business as usual” mode during 2020. In a recent weekly report, shipbroker Intermodal said that “by the end of 2020, the ship repair sector ends up in a completely different form than expected a year ago. From the Era of scrubber retrofits and packed shi....
Hellenic Shipping News
Published 4y-11mo-1w-23h-41m ago
Despite the pandemic, deals for dry bulk carriers managed to reach over 500 during 2020, a level similar to 2019. In its latest weekly report, shipbroker Intermodal, “despite the market shock in the 1H2020 and the suppression of interest in SnP, the 2H2020 compensated for the previous standstill, ....
Hellenic Shipping News
Published 4y-11mo-1w-1d-23h-41m ago
Euploia Drydocks amp 038 Services Ltd is proud to announce a new exclusive representation in the field of Sterntube / Propulsion Sealing Solutions and Services, with one of the most well established companies in Cyprus, CRUG LTD. Euploia Drydocks and Services Ltd wish to expand the range of servi....
Hellenic Shipping News
Published 4y-11mo-1w-1d-23h-41m ago
LNG exports from Russia were down during the Jan. Oct. 2020 period for the majority of destinations, apart from China and Taiwan. In a recent weekly note, shipbroker Banchero Costa said that “Russia is the fourth largest exporter of liquified natural gas in the world, after Qatar, Australia, and t....
Hellenic Shipping News
Published 4y-11mo-1w-2d-23h-41m ago
Navios Maritime Partners L.P. “Navios Partners” NYSE: NMM and Navios Maritime Containers L.P. “Navios Containers” NASDAQ: NMCI announced yesterday that they entered into a definitive merger agreement under which Navios Partners will acquire all of the publicly held common units of Na....
Hellenic Shipping News
Published 4y-11mo-1w-2d-23h-41m ago
Capital Gas Ship Management Corp. took successful delivery today of the newbuilding LNG Carrier ‘Aristidis I’, built by Hyundai Heavy Industries, S.Korea. With cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF engines and equipped with the latest available technolo....
Hellenic Shipping News
Published 4y-11mo-1w-2d-23h-41m ago
GasLog was upgraded by equities researchers at TheStreet from a amp 8220 d+ amp 8221 rating to a amp 8220 c amp 8221 rating in a research note issued on Wednesday, TheStreetRatingsTable reports. GLOG has been the subject of a number of other reports. ValuEngine raised shares of GasLog from ....
Hellenic Shipping News
Published 4y-11mo-1w-3d-23h-42m ago
Castor Maritime Inc. announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 million common shares at a purchase price of $0....
Hellenic Shipping News
Published 4y-11mo-1w-4d-4h-41m ago
2020 won’t be a year to remember for newbuildings. A combination of pandemic, trade contraction and uncertainty surrounding existing and future regulation compliance guidelines, pushed more ship owners towards the S amp 38 P market for their tonnage needs. In its latest weekly report, shipbroker ....
Hellenic Shipping News
Published 4y-11mo-1w-6d-23h-41m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, announced today that the Company will hold its 2021 Annual General Meeting of Shareholders the “Meeting” on February 25, 2021 in virtual format. Shareholders and their proxy representatives will not ....
Hellenic Shipping News
Published 4y-11mo-2w-1d-3h-41m ago
The pace of shipping’s recovery could be determined by the so called “vaccine race”. In its latest weekly report, shipbroker Allied Shipbroking said that “here we are, but a few days before the end of a very eventful year, while the focus amongst many is already keenly being placed as to the....
Hellenic Shipping News
Published 4y-11mo-2w-2d-23h-41m ago
amp 8220 No matter how much I search, I cannot find another port that makes me go crazy as much as Piraeus, amp 8221 goes a popular ballad titled amp 8220 The Children of Piraeus. amp 8221 The song carries the great pride the Greek people take in the Port of Piraeus, a millennia old harbor s....
Hellenic Shipping News
Published 4y-11mo-2w-2d-23h-41m ago
More ship owners appeared willing to offload their older ships as 2020 nears its end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “following the sudden drop in price levels from Bangladesh this week, there appears to be a level playing field across all the recycling de....
Hellenic Shipping News
Published 4y-11mo-3w-23h-41m ago
Newbuilding ordering activity has taken a back seat, as the Holiday Season approaches. In its latest weekly report, Allied Shipbroking said that “an anticipated slow down was witnessed in the newbuilding market as we are approach the end of the year, with most buying appetite seemingly rescheduled....
Hellenic Shipping News
Published 4y-11mo-3w-1d-23h-41m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that in light of the declaration of a federal holiday on December 24, 2020, the Company has extended its previously announced cash tender offer to purchase shares of its common stock unt....
Hellenic Shipping News
Published 4y-11mo-3w-2d-3h-41m ago
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese built, dry bulk, Post Panamax class, 87,000 dwt, newbuild vessel at an attractive price with a scheduled delivery within th....
Hellenic Shipping News
Published 4y-11mo-3w-2d-11h-41m ago
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced the extension of the charter of its container vessel M/V “Synergy Antwerp”. Specifically: M/V “Synergy Antwerp”, a 4,253 teu vessel built in 2008, wa....
Hellenic Shipping News
Published 4y-11mo-3w-2d-11h-41m ago
Trade volumes for iron ore and other dry bulk commodities have shown considerable promise of late, offsetting the coal “issue” between China and Australia. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a week of further boosts in global commodity prices as t....
Hellenic Shipping News
Published 4y-11mo-3w-2d-23h-41m ago
The tanker market stayed weak during the month of November, OPEC said in its latest monthly report. Dirty tanker rates remained weak in November, at the historically low levels so far in 2H20, amid ample tonnage lists. However, signs indicating that November could be the bottom of the market have pr....
Hellenic Shipping News
Published 4y-11mo-3w-5d-23h-41m ago
Diana Shipping Inc., a global shipping company specializing in the ownership 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 2001 built vessel “Oceanis”, with delivery to th....
Hellenic Shipping News
Published 4y-11mo-3w-6d-3h-41m ago
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has entered into a definitive agreement with entities affiliated with E.R. Capital Holding GmbH amp amp Cie. KG “E.R.” or “Sellers” pursuant to which the Compan....
Hellenic Shipping News
Published 4y-11mo-3w-6d-11h-41m ago
The existing disruptions in the global supply chain and commodities’ trade is having an impact on all aspects of trade, including financing. In its latest weekly report, shipbroker Intermodal said that “trading companies frequently count on short term credit lines to finance their deals. In case....
Hellenic Shipping News
Published 4y-11mo-3w-6d-23h-41m ago
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 Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v B....
Hellenic Shipping News
Published 4y-11mo-4w-3h-41m ago
Demolition activity has picked up pace as the year draws to an end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the stability witnessed in the market this week has provided a much needed backbone for Cash Buyers and brokers to work off. These levels are seemingly in t....
Hellenic Shipping News
Published 4y-11mo-4w-23h-41m ago
probunkers responded to the Request for Proposal RFP of The Maritime and Port Authority of Singapore MPA for new licensees for supply of LNG as a marine fuel in the port of Singapore. The submission request for an LNG bunkering license for the port of Singapore is aligned with the business plan ....
Hellenic Shipping News
Published 4y-11mo-4w-23h-41m ago
Newbuilding orders have continued their strong pace as 2020 end closes in. In its latest weekly report, shipbroker Allied Shipbroking said that “it seems that we will have an interesting end to the year, as recently we are witnessing increased news of fresh deals emerging. In the dry bulk market, ....
Hellenic Shipping News
Published 4y-11mo-4w-1d-23h-41m ago
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up to 6,000,000 shares, or about 6.7%, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of....
Hellenic Shipping News
Published 4y-11mo-4w-1d-23h-41m ago
RINA today opened its Fleet Operating Centre FOC in newly expanded offices in Piraeus. The new centre will allow the ship classification society to manage RINA classed vessels even more accurately and efficiently all over the world. The move, together with the relocation of the Deputy EVP for the ....
Hellenic Shipping News
Published 4y-11mo-4w-1d-23h-41m ago
Continuing the tradition of serving society and driven by their sense of duty towards our fellowmen, Angelakos Hellas S.A. and the family of Evangelos El. Angelakos took the initiative and supported, through the Union of Greek Shipowners, central and regional state hospitals in Greece ....
Hellenic Shipping News
Published 4y-11mo-4w-2d-3h-41m ago
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, announced that in Manila, Philippines, it has taken delivery of the M/T P. Yanbu formerly “Kalamas” , a 2011 built 105,400 dwt Aframax tanker that the Company entered into an agreement to purchase in ....
Hellenic Shipping News
Published 4y-11mo-4w-2d-3h-41m ago
The tanker market could be plagued with low demand for a number of years to come, as a result of the intensifying decarbonization plans in various segments, from cars, to planes, even ships themselves. In its latest weekly report, shipbroker Allied Shipbroking said that “it is now undisputed that ....
Hellenic Shipping News
Published 4y-11mo-4w-2d-23h-41m ago
Ancora Investment Trust, a Greek owned tanker shipping firm has agreed to acquire its third ship from Norden. Market sources confirmed on Hellenic Shipping News Worldwide that “Norge Butterfly” will be joining Ancora’s fleet of 12 tankers. The deal is thought to be worth $9 million and the 12 ....
Hellenic Shipping News
Published 5y-23h-41m ago
