Product tankers operating in Europe could receive a welcome increase in demand, as a result of the “Green” revolution underway in the continent. In its latest weekly report, shipbroker Gibson said that “there is no doubt that the green revolution is underway and arguably Europe is its epicentre....
https://www.hellenicshippingnews.com/the-green-revolution-could-be-a-boost-for-product-tankers/
The tanker market is still rather undewhelming, as demand hasn’t yet rebounded to a level, sufficient to generate positive momentum. Examining North-West Europe crude oil export trade, shipbroker Banchero Costa said in a recent report that “2020 was overall a very negative year for crude oil trade,...
https://www.hellenicshippingnews.com/tanker-trade-still-underwhelming/
Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced yesterday a new time charter contract for its container vessel M/V “EM Hydra”. Specifically: • M/V “EM Hydra”, a 1,740...
With rates steadily on a high, in both the container and dry bulk market, it seems that owners are rather active to “fish out” the best deals available in both the newbuilding and S&P markets. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the major news this month is...
https://www.hellenicshippingnews.com/ship-owners-active-in-both-the-newbuilding-and-sp-markets/
GasLog Partners LP, an international owner and operator of liquefied natural gas (“LNG”) carriers, yesterday reported its financial results for the three-month period ended March 31, 2021. Highlights Repaid $36.0 million of debt during the first quarter of 2021. Quarterly Revenues, Profit, Adjusted Profit(1) and Adjusted EBITDA(1) of $87.1 million, $35.4 million, $31.8 million and …
The post Strong LNG Sport Market Provides Boost to GasLog Partners’ First Quarter Results first appeared on Helleni...
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced yesterday its unaudited financial results for the three month period ended March 31, 2021. Management Commentary Dr. Loukas Barmparis, President of the Company, said: “During the first quarter of 2021 we increased our profitability and strengthened our balance sheet. We intend to continue …
The post Safe Bulkers, Inc. Reports Stronger First Quarter 2021 Results As Market Improves first appeared on H...
With 19% of the market share in Greece in terms of million GT and over 28% of the newbuilding orderbook, DNV – Greece is further consolidating its leading position in the largest ship owning nation. In an exclusive interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), Mr. Ioannis Chiotopoulos, DNV Senior V-P & Regional Manager South …
The post DNV Marks its 100-Year Presence in the Greek Market in Commanding Fashion, Despite the Challenges of the Pandemic first appeared...
The demolition market is at a standstill for the time being. The raging pandemic in India and holidays around the world have limited activity to a significant degree. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “various holidays now being celebrated globally have...
https://www.hellenicshippingnews.com/lockdowns-and-holidays-plague-ship-recycling-activity/
The tanker market could be about to turn a corner, as demand is expected to grow in the coming months. In its latest weekly report, shipbroker Gibson said that “in its April 2021 World Economic Outlook, the International Monetary Fund (IMF) lifted global economic growth projections for 2021 and...
https://www.hellenicshippingnews.com/is-the-worst-over-for-the-tanker-market/
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, today reported its financial results for the first quarter ended 2021. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated, “I am pleased with the results for the first quarter of 2021. During the first quarter, total revenue of Navios …
The post Navios Maritime Partners L.P. To Offer Some Insulation Against Cyclicality Says Angeliki Frangou first appeared on Hellenic Shipping...