China’s Crackdown on Excess Capacity to Impact Crude Oil Imports

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...

https://www.hellenicshippingnews.com/chinas-crackdown-on-excess-capacity-to-impact-crude-oil-imports/

Historically-low Tanker Rates Hurt Performance Shipping’s Second Quarter Financial Results

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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https://www.hellenicshippingnews.com/historically-low-tanker-rates-hurt-performance-shippings-second-quarter-financial-results/

Capital Product Partners L.P. Quadruples its Second Quarter Net Income on Strong Container Market

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 …

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https://www.hellenicshippingnews.com/capital-product-partners-l-p-quadruples-its-second-quarter-net-income-on-strong-container-market/

Seanergy Maritime Holdings Corp. Reports Strong Second Quarter Results as Dry Bulk Market Recovers

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 …

The post Seanergy Maritime Holdings Corp. Reports Strong Second Quarter Results as Dry Bulk Market Recovers first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/seanergy-maritime-holdings-corp-reports-strong-second-quarter-results-as-dry-bulk-market-recovers/

Ship Repairs and Maintenance Are a Major “Headache” for Ship Owners Looking to Capitalize on a Booming Freight Rate Market

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 …

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https://www.hellenicshippingnews.com/ship-repairs-and-maintenance-are-a-major-headache-for-ship-owners-looking-to-capitalize-on-a-booming-freight-rate-market/

Costamare Inc. Ready To Capitallize On Container Market Positive Dynamics With 15 Containerships Coming Off Charter Over The Next 18 Months

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 …

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Seanergy Announces Delivery & Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility

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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