Vintage tonnage is expected to be rather scarce during the coming weeks, as China’s Holidays and subsequent Olympics is expected to dampen ship owners’ appetite for more sales. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there are small pockets of tonnage being...
Seanergy Maritime Holdings Corp. updated its time charter equivalent (“TCE rate”) guidance upwards for the fourth quarter of 2021, provided preliminary TCE guidance for the first quarter of 2022, as well as EBITDA projections for FY 2022.1 2 TCE Guidance In the fourth quarter of 2021, the Company...
https://www.hellenicshippingnews.com/seanergy-maritime-provides-guidance-on-tce-and-ebitda/
A limited supply of fresh tonnage could speed up the recovery of the tanker segment, which unlike other parts of shipping, has failed to stage any sort of recovery over the past 18 months. In a recent report, shipbroker Allied said that “the tanker sector has remained in the background during 2021...
With the shipping industry gradually expected to move towards cleaner fuels, ordering a newbuilding vessel today can be a very difficult “exercise” from a compliance and financial point of view. So what are the options that ship owners have opted to choose? In its latest weekly report, shipbroker...
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today the delivery of the very high-specification, scrubber-fitted, 300,000 dwt newbuilding Very Large Crude Carrier (VLCC) vessel M/T Julius Caesar constructed at the Hyundai Heavy Industries shipyard in South Korea. The vessel has commenced its previously announced …
The post Top Ships Inc. Announces Delivery of 1st VLCC, Sale of 2 Product Tankers and Fully-Funded...
The long-expected year-end recovery in dirty tanker spot freight rates failed to materialize in December, as lockdowns at the end of the year and softer Chinese buying limited tonnage demand, OPEC said this week, in its latest monthly report. On average, VLCCs and Aframax slipped 5% and 3%,...
https://www.hellenicshippingnews.com/2021-ends-with-tanker-market-in-dire-straits/
Danaos Corporation, one of the world’s largest independent owners of containerships, announced that it has entered into new charter arrangements for 11 of its vessels ranging between 2,500 to 10,000 TEU with major liner companies, that significantly improve cash flow visibility and charter coverage. These charters, which have a revenue weighted average contract duration of …
Seanergy Maritime Holdings Corp. announced an aggregate of $5 million in buyback and partial elimination of the outstanding convertible note (the “Note”), utilizing 50% of its second share repurchase plan (the “Plan”). As previously announced and following the full completion of the first share repurchase plan, the Board of Directors authorized the additional Plan, under …
Data from China this past week, seems to support the positive narrative, regarding a potential swift rebound of the dry bulk market moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a slow start to the year for the dry bulk market thus far, albeit...
https://www.hellenicshippingnews.com/chinas-figures-point-towards-dry-bulk-markets-resurgence/
EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it has agreed to acquire M/V Molyvos Luck, a 57,924 dwt drybulk vessel built in 2014, for $21.2 million. The vessel was majority owned by an un-affiliated third party...