Eureka Shipping, a company jointly owned by Cyprus-based SMT Shipping and Canadian shipping operator the CSL Group, has placed an order for a new mechanical/pneumatic cement ship destined for operation in the Great Lakes. The 12,500DWT vessel will replace two older vessels while maintaining the...
John Fredriksen’s family holding company, Seatankers Management, has come back to Qingdao Yangfan yard in China with a newbuilding deal in the largest bulk carrier segment. Shipbuilding sources report the Cyprus-based outfit signing up for four 210,000 dwt newcastlemaxes at about $68m each for...
https://splash247.com/fredriksen-signs-for-newcastlemax-newbuilds/
Cyprus-based bulker and boxship owner Castor Maritime has decided to carry out a one-for-ten reverse stock split on Nasdaq to meet the minimum bid price requirement set by the exchange. The Petros Panagiotidis-led company said its shares would begin trading on a split-adjusted basis on March 27,...
https://splash247.com/castor-maritime-moves-for-reverse-stock-split-to-keep-nasdaq-listing/
Oslo-listed PSV investment outfit Standard Supply has managed to offload its last ship after its first sale fell through. The Øystein Stray Spetalen-controlled company has agreed the sale of the 2007-built large PSV Standard Supplier. The 5,100 dwt platform supplier was part of a $72.2m three-ship...
https://splash247.com/standard-supply-offloads-last-psv-at-second-attempt/
LARNACA, Cyprus (Reuters) – By Yiannis Kourtoglou and Stamos Prousalis A ship carrying tonnes of food for Gaza remained docked in a Cyprus port on Sunday as preparations were underway to launch a yet untested…
https://gcaptain.com/gaza-aid-ship-waiting-to-sail-from-cyprus-as-charity-builds-jetty/
LARNACA, Cyprus, March 8 (Reuters) – A sea corridor to take desperately needed aid from Cyprus to besieged Palestinians in Gaza could start this weekend, the European Union said on Friday. U.S. President Joe Biden said…
https://gcaptain.com/gaza-maritime-aid-corridor-from-cyprus-could-start-this-weekend/
Cyprus-based bulker and boxship owner Castor Maritime has sold one of its bulkers for a price of $16.2m. Castor Maritime entered into an agreement to sell the 2010-built kamsarmax bulk carrier to an entity beneficially owned by a family member of Petros Panagiotidis, the company’s chairman, CEO,...
https://splash247.com/castor-sells-bulker-to-panagiotidis-family-member-for-16-2m/
One of the warmest winters on record seems to be drawing to a close in Europe, and the North Sea spot market is roaring back. On Friday, the 251 tonnes bollard pull anchor handler Maersk Mariner was spot chartered by Anasuria Operating Company at the princely day rate of £45,000 (US$57,000) for...
Cyprus-based owner Castor Maritime has sold two of its 2010-built panamax bulk carriers to family members of its chairman and CEO, Petros Panagiotidis. The Nasdaq-listed outfit is shipping out the 78,800 dwt Magic Nova for $16.1m and the 76,600 dwt Magic Horizon for $15.8m after buying the vessels...
https://splash247.com/panagiotidis-family-member-picks-up-castor-bulker-pair/
Shareholders at Standard Supply will have to wait a little longer to fully cash in on the company’s vessels after the sale of one of the PSVs fell through. The Øystein Stray Spetalen-controlled platform supply vessel owner said the 2007-built will remain in the company’s ownership due to a failed...
https://splash247.com/standard-supply-fleet-sell-off-hits-a-snag/