The current market sentiment appears to be rather bullish when it comes to dry bulk newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “this was another impressive week for the dry bulk newbuilding market, with buying appetite seemingly being refreshed, reflecting...
https://www.hellenicshippingnews.com/ship-owners-load-up-on-newbuilding-bulk-carriers/
Navios South American Logistics Inc. announces it has confidentially submitted a draft Registration Statement on Form F-1 to the United States Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not …
The post Navios South American Logistics Inc. Announces Submission of Confidential Draft Registration Statement first appeared on Hellenic Shipping...
The ships’ recycling market started 2021 rather strongly. However, as things stand, some of the momentum built has gone, which could be an indication that some fluctuations could be on the cards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market appears to be...
https://www.hellenicshippingnews.com/ships-recycling-activity-loses-some-steam/
International legal and professional services firm Ince has announced the hire of Konstantinos (Dinos) Mexias as Partner in Piraeus, to strengthen its already world leading shipping team. Dinos is an accomplished finance specialist, with skills across all aspects of ship finance. During his career,...
https://www.hellenicshippingnews.com/ince-piraeus-adds-lateral-hire-to-expanding-shipping-team/
Seaborne iron ore trade continued to be dominated by China, even more so, during the pandemic. In its latest weekly report, shipbroker Banchero Costa said that “seaborne iron ore trade remained relatively resilient in 2020, at least in Asia, despite the global economic impact from COVID-19. Global...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-up-6-5-during-2020/
Scrubber uptake has been quite widespread in the VLCC segment, with shipbroker Gibson estimating that up to 31% of the existing fleet already fitted with the systems, while by the end of 2021, that share is expected to increase to about 40%. Scrubber make more financial sense to larger ships, where...
The tanker market posted a mild rebound during the month of December. According to the latest monthly report from OPEC, dirty tanker rates experienced a slight improvement m-o-m in December, while still remaining near multiyear lows amid a persistent imbalance in tanker demand and availability....
https://www.hellenicshippingnews.com/tanker-market-edged-higher-during-december/
A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi-year highs to incentivize scrapping of...
Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured new time charter employment for its vessel Star Globe (a 56,867-deadweight ton built Supramax dry bulk carrier built in 2010, at Kouan Shipbuilding Industry Shipyard...
https://www.hellenicshippingnews.com/globus-maritime-announces-new-charter-for-the-m-v-star-globe/
The fundamentals for the dry bulk market seem to be improving as we entered 2021. A moderate dry bulk fleet growth during 2020, combined with improving demand, could set the tone for this year. In its latest weekly report, shipbroker Allied Shipbroking said that “the rally noted during 2020 in the...