Capital Product Partners L.P., an international owner of ocean-going vessels, Friday released its financial results for the second quarter ended June 30, 2020. Highlights Quarterly Revenues, Expenses and Net Income of $36.6 million, $22.7 million and $8.7 million respectively for the second quarter...
Hellenic Shipping News
Smaller Bulkers In High Demand
Ship owners in the dry bulk market have been adding more tonnage, as demand is picking up. In its latest weekly report, shipbroker Intermodal said that “the dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that...
https://www.hellenicshippingnews.com/smaller-bulkers-in-high-demand/
Glyfada Maritime Golf Event: New golf tournament for the shipping community on September 19 at Glyfada Golf course
The newest suggestion for golf and shipping enthusiasts arrives in a beautiful environment and a historic golf course for the first time. Glyfada Maritime Golf Event is the new golf tournament for the shipping community that will take place on Saturday, September 19 at Glyfada Golf course. The...
Tankers Are Looking at More Uncertainty Moving Forward
The end of the oil storage play, together with uncertainty over crude oil demand in the months to come, are expected to exert pressure on the tanker market in the weeks to come. In its latest weekly report, shipbroker Allied Shipbroking said that “during the peak of the COVID-19 pandemic there was...
https://www.hellenicshippingnews.com/tankers-are-looking-at-more-uncertainty-moving-forward/
Navios Maritime Acquisition Corporation Reports Second Quarter Net Income of $32.4 Million
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results yesterday for the second quarter and six months ended June 30, 2020. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “I am pleased with our results...
YES Forum Sets New Standards Once Again In Shipping Expertise
On Monday 27th June 2020, the 10th online open dialogue of YES Forum took place via Zoom summing up in view of summer the initiative of our team which was generated because of the ongoing COVID-19 crisis aiming at the uninterrupted communication between young people and professionals even under...
https://www.hellenicshippingnews.com/yes-forum-sets-new-standards-once-again-in-shipping-expertise/
Navios Maritime Partners “Persevered Through the Pandemic” Claims Frangou
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, reported its financial results for the second quarter and six month periods ended June 30, 2020. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated, “While the Pandemic greatly...
Demolition Activity On “Holiday Mode”
The ships’ recycling market has slowed down over the course of the past week, as a holiday slowdown has apparently had an impact. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market feels stale at this current time as the holiday season kicks in and the tonnage...
https://www.hellenicshippingnews.com/demolition-activity-on-holiday-mode/
Ship Owners Starting to Make Waves in the Market
Ship owners have been rather active both in the newbuiding and the second hand market for ships over the past week. In its latest weekly report, shipbroker Banchero Costa said that “several sales took place in the dry segment during the week although several countries such as Singapore, Hong Kong,...
https://www.hellenicshippingnews.com/ship-owners-starting-to-make-waves-in-the-market/
Costamare Inc.: Vessel Impairments Hit Second Quarter Results
Costamare Inc. reported unaudited financial results for the second quarter (“Q2 2020”) and six-months ended June 30, 2020. Liquidity of $220.7 million as of end Q2 2020 (including our share of cash amounting to $19.6 million held in subsidiaries co-owned with York Capital Management Global Advisors...
https://www.hellenicshippingnews.com/costamare-inc-vessel-impairments-hit-second-quarter-results/