Euroseas Ltd. Reports Increase of 85% in First Quarter Net Revenues, but Warns of Challenging Market Environment for the Rest of 2020

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2020. First Quarter 2020 Financial Highlights: • Total net revenues of $15.4 million. Net...

https://www.hellenicshippingnews.com/euroseas-ltd-reports-increase-of-85-in-first-quarter-net-revenues-but-warns-of-challenging-market-environment-for-the-rest-of-2020/

Global Economy’s Rebound Will Determine Shipping’s Turnaournd as Well

As various governments around the world are gradually shaping their stimulus and policies to jolt their economy, the shipping industry is eagerly waiting for them to take effect and translate into a growth in global trade. In its latest weekly report, shipbroker Intermodal said that “earlier in...

https://www.hellenicshippingnews.com/global-economys-rebound-will-determine-shippings-turnaournd-as-well/

Star Bulk Carriers Corp. Expects Negative Impact in Trade Volumes to be Concentrated on the First Half of 2020

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, yesterday announced its unaudited financial and operating results for the first quarter ended March 31, 2020. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “COVID-19 caused an...

https://www.hellenicshippingnews.com/star-bulk-carriers-corp-expects-negative-impact-in-trade-volumes-to-be-concentrated-on-the-first-half-of-2020/

Hatjipateras Hails “Strongest Position Ever” for Dorian LPG Ltd.

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months and fiscal year ended March 31, 2020. Highlights for the Fourth Quarter Ended March 31, 2020 • Revenues of $95.2 million. • Daily Time Charter...

https://www.hellenicshippingnews.com/hatjipateras-hails-strongest-position-ever-for-dorian-lpg-ltd/

Capital Product Partners L.P. Announces the Successful Refinancing of Three 9,000 TEU Container Vessels Generating $38.8 Million of Additional Liquidity

Capital Product Partners L.P., an international owner of ocean-going vessels, today announced the successful closing of the refinancing of its three 9,000 TEU container vessels. The Partnership today completed the previously announced refinancing with ICBC Financial Leasing Co., Ltd. (“ICBCFL”) for...

https://www.hellenicshippingnews.com/capital-product-partners-l-p-announces-the-successful-refinancing-of-three-9000-teu-container-vessels-generating-38-8-million-of-additional-liquidity/

StealthGas Inc. Warns on Pandemic Impact and Adopts Defensive Stance for the Future

STEALTHGAS INC. (GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2020. OPERATIONAL AND FINANCIAL HIGHLIGHTS ·...

https://www.hellenicshippingnews.com/stealthgas-inc-warns-on-pandemic-impact-and-adopts-defensive-stance-for-the-future/

Momentum is gaining in linking the monitoring and reporting of ESG performance to shipping finance

Increased regulatory requirements and market trends around sustainability and the environment have been impacting shipping companies for many years and new requirements continue to be introduced, such as the IMO 2050 target for the reduction of GHG emissions by 50% compared to 2008 levels. The...

https://www.hellenicshippingnews.com/momentum-is-gaining-in-linking-the-monitoring-and-reporting-of-esg-performance-to-shipping-finance/