Weak demo rates have seen a vintage VLCC that had been primed for scrapping find an alternative way to see out its last years. The 20-year-old DSME-built , belonging to John Angelicoussis’s Maran Tankers, has been sold to Chinese storage buyers for $18m, according to Clarksons Research who noted in...
https://splash247.com/angelicoussis-opts-to-sell-rather-than-scrap-vintage-vlcc/
Greek owner Oceanfleet Shipping has added to its fleet for the first time in three years, according to brokers, with the acquisition of 2011-built handysize bulker . Seasure Shipbroking and Advanced Shipping & Trading both report that Oceanfleet has paid $8.6m to Interorient for the vessel, a price...
https://splash247.com/oceanfleet-picks-up-interorient-handysize/
Greece’s shipping minister has made a high-profile appeal to governments and the IMO to consider postponing the 2020 sulphur cap implementation. But the IMO is clear that a delay is not possible, reports Lloyd’s List.
Delay in sulphur cap over safety issuesIoannis Plakiotakis, the Greek minister of maritime affairs and insular policy, caused a stir on Monday afternoon when addressing the 31st IMO assembly opening session, when like the Union of Greek Shipowners earlier, he suggested the sulphur...
http://mfame.guru/imo-dismisses-greeces-urge-to-delay-global-sulphur-mandate/
The International Maritime Organization (IMO) has swiftly moved to quash the latest efforts to slow down or derail implementation of the global sulphur cap, which is due to start in just over one month. Ioannis Plakiotakis, the Greek minister of maritime affairs and insular policy, caused a stir on...
https://splash247.com/imo-dismisses-greek-ministers-call-to-delay-sulphur-cap-implementation/
Greek dry bulk owner Castor Maritime has sealed an $11m secured term loan facility with Alpha Bank, which it expects to drawn down before the end of the year. The company says it intends to use the funds to retire a $7.5m shareholder bridge loan, with the remainder to be used to fund ongoing plans...
https://splash247.com/castor-maritime-seals-loan-for-further-fleet-growth/
Traditional Greek bulker player Seastar Chartering has trimmed its handysize fleet down to six ships, disposing of the seven-year-old, 34,000 dwt bulker for $9.5m, brokers tell Splash. Little known Greek handysize oufit Bluefin Marine is linked to the ship. Bluefin Marine has one more ship in fleet...
Greek dry bulk owner Diana Shipping has sealed new time charter contracts for two of its vessels. 2013-built post-panamax bulker Electra has gone on charter to German operator Oldendorff Carriers for a period of 11-13 months. The charter commenced last week and is at a rate of $10,250 per day,...
https://splash247.com/diana-shipping-seals-charters-with-oldendorff-and-phaethon/
Another ship has joined the fleet of Velos Tankers, a venture set up by Paschalis Diamantides, son of Diamantis Diamantides. The company has emerged as the taker of the 53,000 dwt , ex-Challenge Pacific, a ship sold by Meiji Shipping for just under $14m. The ship was fixed out again to Clearlake,...
https://splash247.com/velos-tankerss-rapid-fleet-start-shows-no-sign-of-slowing/
Greek owner Diana Shipping has agreed an extension with Cargill International for the time charter contract for 2012-built post-panamax bulker . The new charter has commenced this month and is for a period of 11-13 months at a rate of $11,000 per day. Cargill was previously paying $16,000 per day...
https://splash247.com/diana-shipping-post-panamax-charter-extended-by-cargill-at-reduced-rate/
Performance Shipping, formerly known as Diana Containerships, has agreed to acquire a 2007-built aframax tanker for $26m. Performance Shipping moved into the tanker sector in June when it acquired a pair of 2011-built aframax tankers from Maersk Tankers for $60m. The company is acquiring this...
https://splash247.com/performance-shipping-adds-third-aframax-for-26m/