TEN, Ltd (TEN) reported results (unaudited) for the six months and second quarter ended June 30, 2021. SIX MONTHS 2021 SUMMARY RESULTS During the first half of 2021 TEN continued its countercyclical growth strategy, taking advantage of the weak markets created by the pandemic. In addition, and as a...
Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report, detailing the company’s ESG strategy and performance. Mr. Jerry Kalogiratos, CEO of the Company commented: “We are very pleased to publish our inaugural sustainability report which is an integral part of our business strategy. …
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A looming energy crisis could act in favor of tanker demand in the coming weeks and months, which could help lift earnings. In its latest weekly report, shipbroker Intermodal said that “in a year where both the container and the dry bulk freight sectors enjoy historical booming markets with gains...
https://www.hellenicshippingnews.com/are-crude-tankers-primed-for-an-earnings-comeback/
Ship owners are ramping up their newbuilding ordering activity, loading up with new bulkers, as the market’s prospects appear to be quite bright once again. However, some delays could be expected. In its latest weekly report, shipbroker Banchero Costa highlighted that “many yards, particularly in...
https://www.hellenicshippingnews.com/dry-bulk-market-rally-triggers-newbuilding-investment-spree/
The demolition market proved rather uneventful over the past week, with tankers still the main candidates for sale. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “despite negative vibes in the market in relation to the recent collapse in iron ore rates, price levels from...
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into a new period time charter for its recently acquired 2012-built Japanese Capesize class vessel to be named MV Stelios Y, for a duration of 3 years at a gross daily charter rate of $24,400. The charter is …
The post Safe Bulkers, Inc. Announces a 3 Year Period Time Charter for a Capesize-Class Vessel at Gross Daily Rate of $24,400 first appeared on Hellenic Shipping...
The LNG/LPG shipping segment could take a hit from the incremental rise in global energy prices. At the same time, an increased demand for fossil fuels, aka crude oil, could also emerge, boosting demand for crude tankers. In its latest weekly report, shipbroker Allied Shipbroking said that “we are...
Three additional mandatory investments part of the concession agreement between P.P.A. S.A. and the Greek Government with a contract total over 32 million euro are on their way to implementation. More specifically, the contract signing has been completed for the Herakleous Pier Car Terminal Extension at Keratsini commercial port worth about 20 million euro. Based …
The post P.P.A. S.A.: Three mandatory investments on the way to implementation – Contract total over 32 million euro first appeared...
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that the Company has entered into a new credit facility of $60.0 million with a five-year tenor secured with five vessels, comprising of a term loan tranche of $30.0 million and a revolving credit facility tranche providing for a draw down capacity of …
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Tanker owners could receive some positive news from the Russian crude oil export market. In its latest weekly report, shipbroker Gibson said that “after many months of pain, crude tanker owners will finally see an increase in the volume of Russian export cargos in the coming weeks. Loading...