Seaborne LNG imports to the EU have grown in size and importance of late, reversing the trend set for the most part of 2021. In a recent note, shipbroker Banchero Costa said that “global seaborne LNG (liquified natural gas) trade has been very disappointing in 2021. Already in 2020 trade slowed...
https://www.hellenicshippingnews.com/eu-lng-imports-were-on-the-decline-but-not-anymore/
Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, today announced that it closed on a total of $550 million of debt financing. As previously announced, the proceeds of this financing, together with available cash, have been used to discharge the Company’s obligations under the Indenture relating to the 7.375% First Priority Ship …
The ship recycling market has been characterized by a limited tonnage supply throughout 2021, thus limiting overall performance. In its end of year summary of the demolition market, shipbroker Clarkson Platou Hellas said that “it was hoped that we would be reporting on a more positive note as we...
Piraeus Bank, one of Greece’s four largest lenders, said on Tuesday it had reached a deal to sell a portfolio of non-performing shipping loans to an entity affiliated with Davidson Kempner Capital Management. The agreed price will be about 53% of the portfolio’s gross book value of 400 million...
A recovery in freight rates, combined with underinvestment during the past 12-18 months, has led to a remarkable rise in ship sales. In a recent note, shipbroker Allied Shipbroking said that “it has been a year of recovery for shipping markets, while the remarkable come back change has led to a...
Piraeus Financial Holding announces that its subsidiary Piraeus Bank S.A. has reached an agreement with an entity affiliated with Davidson Kempner Capital Management LP, for the sale of a shipping non-performing exposures (NPE) portfolio amounting to €0.4bn gross book value (the “Transaction”). The agreed consideration will reach approximately 53% of the portfolio gross book value. …
The S&P market for dry bulk carriers mirrored the great performance of the freight market – for the most part – during 2021. In a recent report, shipbroker Intermodal said that “as an outstanding year for the dry bulk freight market ended, so did a thriving year for the SnP market which can only be...
https://www.hellenicshippingnews.com/2021-an-outstanding-year-for-dry-bulk-carrier-acquisitions/
The dry bulk market fared much better than the tanker one, during 2021, as the pandemic continued to wreak havoc in many markets, affecting demand and supply. In its latest weekly report, Xclusiv Shipbrokers said that “as 2021 draws to a close, we have reviewed the Baltic indices (dry/wet) and the...
https://www.hellenicshippingnews.com/2021-a-mixed-bag-for-shipping/
Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “Evridiki G” and a new time charter contract for its container vessel M/V “EM Corfu”. Specifically: M/V “Evridiki G”, a 2,556 TEU vessel built in 2001, …
The post Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu” first appeared on Hellenic Shipping News...
The newbuilding market, especially for bulkers and containers has been much more active during 2021. However, the end of the year has seen a decline in activity. In its latest weekly report, shipbroker Allied Shipbroking said that “activity in the newbuilding market was unimpressive during this...
https://www.hellenicshippingnews.com/newbuilding-activity-higher-in-2021/