Tanker Market Fundamantals Could Turn Positive As Supply Is Down on Most Classes

Tanker supply is edging near a 5-year low in many segments of the market. This development could bring positive news for tanker owners in the mid-term, which could also help make a case for more investment both in the S&P, but also in the newbuilding market in the coming months. In its latest...

https://www.hellenicshippingnews.com/tanker-market-fundamantals-could-turn-positive-as-supply-is-down-on-most-classes/

Performance Shipping Inc. Announces Appointment Of New Chief Executive Officer And Chief Financial Officer

Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, today announced that its Board of Directors has appointed Mr. Andreas Michalopoulos to the position of Chief Executive Officer following the retirement of Mr. Symeon Palios from that position. The Board also has appointed Mr. Anthony Argyropoulos to the position of Chief …

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https://www.hellenicshippingnews.com/performance-shipping-inc-announces-appointment-of-new-chief-executive-officer-and-chief-financial-officer/

Costamare takes maritime training to new heights with Wärtsilä Cloud Simulation solution

The technology group Wärtsilä has received yet another order for its advanced Cloud Simulation solution. The Costamare Maritime Training Services (Costamare MTS) centre in Greece is the latest facility to take advantage of the technology developed by Wärtsilä Voyage, enabling its students to continue their training despite travel and assembly restrictions imposed because of the …

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https://www.hellenicshippingnews.com/costamare-takes-maritime-training-to-new-heights-with-wartsila-cloud-simulation-solution/

Newbuilding Orders Dry Out, But Investment in Second Hand Tonnage Still Rather Active

Public holidays in China and S. Korea have eroded investment appetite in the newbuilding market over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “it was another week with limited interest from potential buyers for newbuilding projects in both...

https://www.hellenicshippingnews.com/newbuilding-orders-dry-out-but-investment-in-second-hand-tonnage-still-rather-active/

Pyxis Tankers Announces Closing of $5.0 Million Public Offering of Convertible Preferred Shares & Warrants

Pyxis Tankers Inc., a growth-oriented pure play product tanker company, today announced the closing of its previously announced underwritten public offering (the “Offering”) of 200,000 Units at an offering price of $25.00 per Unit. Each Unit is immediately separable into one 7.75% Series A Cumulative Convertible Preferred Share (the “Preferred Shares”) and eight (8) warrants, …

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https://www.hellenicshippingnews.com/pyxis-tankers-announces-closing-of-5-0-million-public-offering-of-convertible-preferred-shares-warrants/

Demolition Market Activity Could Tumble on Improving Freight Rate Market Conditions

Plenty of ships were sold for scrap over the past week, however, as rates for both the dry bulk and the container markets soared, demolition candidates are bound to diminish in numbers. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the Golden Week holiday period...

https://www.hellenicshippingnews.com/demolition-market-activity-could-tumble-on-improving-freight-rate-market-conditions/