TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter ended March 31, 2022. Q1 2022 SUMMARY RESULTS In the first quarter of 2022, and after six vessels going through dry-docking for survey or upgrade purposes, TEN generated $150 million in gross revenues and...
https://www.hellenicshippingnews.com/ten-ltd-reports-over-200-increase-in-net-income/
The existing supply/demand imbalance of the LNG market is expected to continue unabated in the coming months, with producers expected to face significant challenges to keep the market well supplied. In its latest weekly report, shipbroker Intermodal said that “the LNG market remains tight...
https://www.hellenicshippingnews.com/lng-market-still-facing-serious-challenges/
Greek disbursements software company Harbor Lab, augmented its position as an employee-centred business last month, when it received the Best Workplaces™ Hellas 2022 certification. The Athens-based startup is the only maritime-affiliated company in Greece to be recognised as one of the top five Best Workplaces in the small-sized category (20 to 49 employees). The award …
The post Harbor Lab recognised by Best Workplaces and appoints People & Culture Director first appeared on Hellenic Shipping...
The Signal Group has launched Shipergy, an innovative bunker procurement company. The new company is led by former LQM CEO, Daniel Rose and operates from offices in London and Athens. Shipergy will initiate operations with the bunker requirements of the Signal Maritime pools. Taking advantage of...
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, yesterday reported a net loss from continuing and discontinued operations of $2.1 million and net loss from continuing and discontinued operations attributable to common stockholders of $11.5...
https://www.hellenicshippingnews.com/performance-shipping-inc-reports-first-quarter-net-loss/
Ship owners have sped up their newbuilding contracting activity, opting for more modern tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “the impressive performance of the newbuilding market continued for yet another week. A large part of the buying interest continues...
https://www.hellenicshippingnews.com/newbuilding-activity-picks-up-pace/
The ship recycling market remained in a state of disarray for another week. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the stagnant market has continued this week which has once again seen price indications to weaken from the three recycling destinations in the...
https://www.hellenicshippingnews.com/ship-recycling-market-in-turmoil/
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today the publication of its 2021 Environmental, Social and Governance (ESG) Report which was developed in accordance with the UN Sustainable Development Goals (UN SDGs) and the Sustainability Accounting Standards Board (SASB), including the …
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Seanergy Maritime Holdings Corp. announced yesterday that the application of United Maritime Corporation (“United”) to list its common shares on the Nasdaq Capital Market has been approved. In addition, the registration statement on Form 20-F filed by United in connection with its spin-off from Seanergy has been declared effective by the U.S. Securities and Exchange …
Smaller tanker sizes, like Aframaxes and Suezmaxes are expected to be the main beneficiaries of Europe’s shifting of its oil imports. In its latest weekly report, shipbroker Gibson said that “in recent months triple digit oil prices have become a new reality: unlikely to fall well below $100/bbl...