With vintage tonnage in demand, the ship recycling market is firing on all cylinders. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there appear to be conflicting reports from varied sources in the industry with some talking of a correction in India and Bangladesh,...
https://www.hellenicshippingnews.com/ship-recycling-market-back-to-firmer-ground/
Seanergy Maritime Holdings Corp. reported that it has entered into a purchase agreement with a major Japanese company to acquire a 2009-built Capesize vessel (the “Vessel”). In addition, Seanergy has entered into a sales agreement with a far-eastern company for the sale of the 2001-built M/V Leadership, the oldest vessel in the Company’s fleet. The …
The post Seanergy to Acquire an additional Modern Capesize Vessel and Sell the Oldest Vessel of the Fleet first appeared on Hellenic Shipping News...
The renewal process of the global fleet has picked up pace in 2021, after a lackluster couple of years. In its latest weekly report, Clarkson Platou Hellas said that “in tankers, STX Jinhae have announced a plethora of deals this week. The yard has signed six firm 50k dwt MR’s with an unknown...
https://www.hellenicshippingnews.com/newbuilding-contracting-picks-up-pace/
The seaborne coal trade has been one of the few “dark horses” of the dry bulk market over the past couple of years. In a recent analysis, shipbroker Banchero Costa commented that “2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020...
https://www.hellenicshippingnews.com/dry-bulk-market-chinas-coal-imports-keep-retreating-in-2021/
Danaos Corporation announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation (“Gemini”). The purchase price for the 51% of Gemini not already owned by the Company is $86.7 million in cash, while the net cash outflow for the Company will be approximately $72.3 million, …
The post Danaos Corporation Announces Acquisition of Remaining Interests in Gemini Shipholdings Corporation first appeared on Hellenic Shipping News...
Star Bulk Carriers Corp. announced the Company entered into (i) a Sales Agreement dated July 1, 2021, with Deutsche Bank Securities (“Deutsche Bank”) for the offer and sale of up to $75.0 million of common shares of the Company and (ii) a Sales Agreement dated July 1, 2021, with Jefferies LLC (“Jefferies” and together with …
The post Star Bulk Carriers Corp. Announces the Launch of Two Separate ATM Equity Offerings for Up to an Aggregate of $150.0 Million of Common Shares of the Company first...
The tanker market is expected to start recovering, in line with a demand growth in the crude oil market. In its latest weekly report, shipbroker Allied Shipbroking said that “a slight reversal in the prevailing trend has been witnessed in the crude oil freight market during the last couple of...
https://www.hellenicshippingnews.com/tanker-market-recovery-is-a-matter-of-when-not-if/
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that in relation to its fleet renewal strategy, it has entered into an agreement for the sale of MV Koulitsa, a 2003-built, Panamax class, dry-bulk vessel at gross sale price of $13.6 million...
https://www.hellenicshippingnews.com/safe-bulkers-inc-announces-sale-of-one-panamax-vessel/
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two Eco design fuel efficient containerships. The vessels will have a carrying capacity of about 2,800 teu each and will be built at Hyundai …
The post Euroseas Ltd. Signs New Building Agreements for the Acquisition of Two Fuel Efficient 2,800 teu Feeder Containerships first appeared on Hel...
Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, today announced the following events: Senior Secured Term Loan Facility Navios Holdings entered into a Senior Secured Term Loan facility with an entity (“Lender”) affiliated with its Chairman and Chief Executive Officer, providing for a loan of $115.0 million (the “Loan”) to – advance …
The post Navios Maritime Holdings Inc. Announces Entry Into New Senior Secured Term Loan Facility first appeared on Hellenic...