The iron ore-led dry bulk market boom could still have enough steam to run, despite the recent negative pressure on iron ore prices. In its latest weekly report, shipbroker Allied Shipbroking said that “one of the major trades that has helped drive the rapid rise in the dry bulk market this year...
https://www.hellenicshippingnews.com/dry-bulk-market-boom-still-has-plenty-of-steam-left-in-it/
China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries. As a result, tanker demand growth could be lower in the months to come. In its latest weekly report, shipbroker Gibson said that “the Chinese refining sector has recently been under...
The LNG shipping market is poised for further growth in the coming months as the global economy is heading towards a swifter recovery rate and the shift to cleaner energy sources gathers more pace in more countries. In its latest market outlook, ship owner GasLog said that “LNG demand was 95 mt in...
https://www.hellenicshippingnews.com/asia-and-south-america-lead-lng-demand-growth/
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, Friday reported a net loss and net loss from continuing and discontinued operations attributable to common stockholders of $2.6 million for the second quarter of 2021, compared to net income and net income from continuing and discontinued operations attributable to common …
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Capital Product Partners L.P., an international owner of ocean-going vessels, Friday released its financial results for the second quarter ended June 30, 2021. Overview of Second Quarter 2021 Results Net income for the quarter ended June 30, 2021 was $35.4 million, compared with net income of $8.7 million for the second quarter of 2020. Net …
The post Capital Product Partners L.P. Quadruples its Second Quarter Net Income on Strong Container Market first appeared on Hellenic Shipping News...
Seanergy Maritime Holdings Corp., announced its financial results for the second quarter ended June 30, 2021. For the quarter ended June 30, 2021, the Company generated gross revenues of $28.9 million, a 209% increase compared to the second quarter of 2020. Adjusted EBITDA for the quarter was $11.3 million, from negative $1.8 million in the …
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Ship owners are looking to minimize time spent on ship repair/maintenance, in order to avoid losing out to a surging freight market. However, the task is extremely hard, given that COVID has wreaked havoc on yards’ scheduling and time frames. In its latest weekly report, shipbroker Intermodal said that “assessing the ship repair sector during …
The post Ship Repairs and Maintenance Are a Major “Headache” for Ship Owners Looking to Capitalize on a Booming Freight Rate Market first appeared on Hell...
Costamare Inc. reported unaudited financial results for the second quarter (“Q2 2021”) and six-months ended June 30, 2021. I. PROFITABILITY • Q2 2021 Net Income available to common stockholders of $82.8 million. • Q2 2021 Earnings per Share of $0.67. • Q2 2021 Adjusted Net Income available to common stockholders(1) of $58.3 million. • Q2 …
The post Costamare Inc. Ready To Capitallize On Container Market Positive Dynamics With 15 Containerships Coming Off Charter Over The Next 18 Months first...
Newbuilding orders have been rather firm over the past week, with many owners committing funds to acquire more LNG and Container ships. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in the gas carrier market, it was another busy week. Hyundai HI announced taking order...
https://www.hellenicshippingnews.com/ship-owners-order-more-container-ships-and-lng-carriers/
Seanergy Maritime Holdings Corp. reported the delivery of a previously-announced Capesize vessel acquisition, the M/V Friendship (the “Vessel”). The Vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date. The …
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