A steady rally in the dry bulk market this year hasn’t been translated to a similar case in terms of newbuiding ordering activity, although orders have certainly rebounded to healthier levels. In its latest weekly report, shipbroker Allied Shipbroking said that “despite the intense activity in most...
Costamare Inc. reported unaudited financial results for the third quarter (“Q3 2021”) and nine-months ended September 30, 2021. I. PROFITABILITY • Q3 2021 Net Income available to common stockholders of $107.4 million compared to $17.4 million in Q3 2020. • Q3 2021 Earnings per Share of $0.87...
Seanergy Maritime Holdings Corp. announced that it has received a commitment letter from a leading European bank for a sustainability-linked loan facility to finance part of the acquisition cost of the M/V Worldship. Moreover, Seanergy became a signatory to the Call to Action for Shipping Decarbonization (“Call to Action”), a global coalition of over 190 …
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China COSCO Shipping Corp, the country’s largest shipping group, announced on Monday that it has completed an additional 16 percent stake acquisition in the Greek port of Piraeus, marking a fresh step in turning the port into a major international transit hub for products and services between Asia...
https://www.hellenicshippingnews.com/cosco-raises-stake-in-greek-port/
A lack of willingness to sell vintage tonnage has kept the demolition market in quite high levels, thus creating more financial impetus for more sales down the road, especially tankers. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “despite the quiet feel around the...
The dry bulk market has managed to capitalize from the global economy’s rebound. In part this is due to the demand growth, but also thanks to a moderate growth of supply, a trend expected to continue thanks to high newbuilding prices and shipbuilders’ preference towards more profitable sectors. In...
https://www.hellenicshippingnews.com/dry-bulk-market-riding-on-the-global-economys-rebound/
Tanker owners are looking for insights as to the degree and the pace that the global economy will transition towards cleaner fuels, in order to get make informed strategic decisions. As such, the upcoming UN climate summit is of significant importance. In its latest weekly report, shipbroker...
There are signs of stabilization in the crude oil exports routes from Kuwait, after the fall witnessed over the last 18 months. In its latest weekly report, shipbroker Banchero Costa said that “2020 was overall a very negative year for crude oil trade. Total loadings in the 12 months of 2020 were...
1. Introduction The aim of this Report is to provide the technical perspective on the ways of reducing Greenhouse Gas (GHG) emissions from the maritime transport in line with the initiatives of the “Fit for 55” package. This Report intends to inform discussions regarding the reduction of the GHG emissions from the maritime transport sector …
The post Zero-Carbon Fuels the Main Missing Link Towards Shipping’s Decarbonization: A Technical Report from the Union of Greek Shipowners first appeared on
A scarcity in obtaining finance for environmentally-friendly retrofits and upgrades is hindering shipping’s decarbonization process. In its latest weekly report, Intermodal said that “IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principles are just a handful pieces of evidence that the environmental regulations …
The post Financing for Older Ships’ Retrofits and Upgrades, a Rarity first appeared on Helle...
https://www.hellenicshippingnews.com/financing-for-older-ships-retrofits-and-upgrades-a-rarity/