Shipping and more specifically, tankers, are bound to find themselves at the forefront of EU’s upcoming plans to cover its energy needs ahead of the coming winter. In its latest weekly report, shipbroker Intermodal said that “in view of the forthcoming winter, Europe is trying to escape from its...
https://www.hellenicshippingnews.com/shipping-at-the-forefront-of-eus-energy-conuncrum/
The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing producers like Guyana to the foray. This development is already proving to offer a boost in specific tanker classes, like Suezmaxes and VLCCs. In its latest weekly report,...
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Trafigura Maritime Logistics Pte Ltd (the “Charterer”) for the LR2 Aframax oil product...
In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, global coal trade has been a bit of a mixed picture. In the January to August period of 2022, total global seaborne coal loadings increased by +2.2% y-o-y to 784.9 mln t, from 767.7 mln t in the first 8 months …
https://www.hellenicshippingnews.com/chinas-coal-imports-disappointing-so-far-in-2022/
Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country’s privatisations agency HRADF said on Thursday. The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single Member, and...
https://www.hellenicshippingnews.com/greece-gets-two-binding-bids-for-alexandroupolis-port/
Shipowners’ buying interest towards the tanker and LNG sector has increased considerably, over the course of the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “given the robust flow of fresh projects coming through as of late, we can argue that newbuilding...
https://www.hellenicshippingnews.com/ship-owners-are-loading-up-on-tankers-and-gas-carriers/
The tanker market has posted significant gains so far this year, which has also been translated in value increases. In its latest weekly report, shipbroker Allied Shipbroking said that “the rapid recovery noted in the crude oil freight market has sent asset prices soaring over the past 2 months....
https://www.hellenicshippingnews.com/tanker-values-post-significant-gains/
EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Pantelis, a 74,020 dwt drybulk vessel, built in 2000, for approximately $9.7 million. The vessel is expected to be...
A shift in drude oil trade flows is in full swing these days, with Russian oil heading eastwards and a flurry of other countries exporting their oil to the EU, in order to cover the region’s needs, ahead of a difficult winter season. In its latest weekly report, shipbroker Intermodal said that...
https://www.hellenicshippingnews.com/crude-oil-exports-map-is-being-redrawn/
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has accepted a commitment letter whereby it intends to enter into an agreement for a new term loan facility of up to US$18,250,000.00 with Alpha Bank A.E. (the “Facility”) through...