New tonnage in the tanker market could become scarce in the next few years, in what appears to be a silver lining amid the pandemic. In its latest weekly report, shipbroker Gibson said that “setting aside the exceptional volatility in tanker rates, Covid-19 outbreak and the dramatic changes in...
https://www.hellenicshippingnews.com/tanker-newbuildings-hard-to-come-by/
Crude tanker owners could use some good news, as they are preparing to enter a period of uncertainty, following the expiry of the contango effect, which boosted their earnings in the short-term. In a recent weekly note, Banchero Costa detailed the current trends in the West Africa market. According...
https://www.hellenicshippingnews.com/west-africa-market-could-support-tanker-rates/
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...
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...
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...
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., 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...
Ship owners are refraining from aggravating the existing balance between demand and supply, already not in their favor in many ships classes. This translates to a lull in newbuilding activity, a trend also noticed during the 2009-2010 crisis. In its latest weekly report, shipbroker Allied...
https://www.hellenicshippingnews.com/minimal-activity-becomes-the-norm-in-the-shipbuilding-market/
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 ·...
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...