Greek capesize owner Seanergy Maritime has secured a fixed-rate time charter deal with an existing US commodity trading charterer and concluded the financing of two of its new acquisitions through a sale and leaseback agreement with a Chinese financial institution. The Nasdaq-listed firm has fixed...
GLOBAL & REGIONAL DAILY (Friday, 9 July 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 9 2021
Global Markets
Risk-off sentiment prevailed in global equity markets earlier today amid mounting concerns that the rapid spread of the Delta strain could derail the global economic recovery. The JPY gained, favored by its safe-haven appeal, while USTs retained most of recent hefty gains.
Greece
According to ELSTAT, the total value of goods imports in May 21 increased by 48.5%YoY and the total value of goods...
https://allaboutshipping.co.uk/2021/07/09/global-regional-daily-friday-9-july-2021/
Nicholas George Moundreas’s NMG Energy is continuing its quest for tonnage. Sources tell Splash that the Greek outfit has taken its tenth cape, adding the nine-year-old,180,000 dwt from Cobelfret for just under $30m. With the purchase, NGM is joining a string of other prominent Greek owners who...
https://splash247.com/ngm-strikes-for-its-second-capesize-purchase-of-the-year/
GasLog Partners has appointed Paolo Enoizi as chief executive officer effective August 1, 2021. Currently chief operating officer of GasLog and GasLog Partners, Enoizi will succeed Paul Wogan, who will step down from his position, but remain CEO of GasLog. Enoizi will also continue to serve as COO...
https://splash247.com/paolo-enoizi-takes-the-helm-at-gaslog-partners/
GLOBAL & REGIONAL DAILY (Thursday, 8 July 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 8 2021
Global Markets
US Treasuries extended recent gains reflecting a continued unwind of the reflation trade, while the USD gained broadly after the latest FOMC minutes confirmed that the Committee began talking about tapering asset purchases. Focus today is on the results of the ECB Strategy Review at 13:00 CET followed by a press conference at 14:30 CET.
Greece
According to ELSTAT’s monthly labour force survey...
https://allaboutshipping.co.uk/2021/07/08/global-regional-daily-thursday-8-july-2021/
Shipowner George Procopiou has topped the bids lodged for Greece’s largest shipyard and will take over Hellenic Shipyards. The Dynacom boss beat another local owner, Theofilos Priovolos, in an auction for the yard, which has been under state administration for the last three years. Including...
https://splash247.com/george-procopiou-takes-over-hellenic-shipyards/
Greek capesize owner Seanergy Maritime is pressing forward with its fleet renewal plan with new deals in place to offload its oldest capesize bulker and to acquire an eight-year younger vessel. The Nasdaq-listed firm is selling its 2001-built capesize vessel to an undisclosed far-eastern buyer for...
https://splash247.com/seanergy-sells-and-buys-cape-in-bulker-fleet-renewal/
New Publication* Greece and the Euro: From Crisis to Recovery
The eight-year adjustment program followed by Greece in the aftermath of the 2010 crisis was concluded in the summer of 2018. The program was associated with the deepest and longest recession in Greece’s post war history.
While the Greek economy appeared to be on a path to a partial recovery after 2017, in 2020 it was hit by another major negative shock, that of Covid-19, which has caused a further deep international recession.
| Thi... |
GLOBAL & REGIONAL DAILY (Wednesday, 7 July 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 7 2021
Global Markets
USTs gained sharply favored by poor US services data and an unexpected drop in oil prices. In FX markets, the EUR/USD weakened testing levels close to 1.18 following a string of poor German data. Focus today is on the FOMC minutes from the June meeting.
Greece
According to press, the tourism industry is now revising downwards its estimate for tourism receipts in 2021, which are now expected...
https://allaboutshipping.co.uk/2021/07/07/global-regional-daily-wednesday-7-july-2021/
Athens-based Euroseas has awarded South Korean shipbuilder Hyundai Mipo Dockyard separate contracts for the construction of two feeder containerships in a series. The 2,8 ..