The ship recycling market seems set for a rebound of activity, as more and more economies reopen after lockdown measures. However, things are still pretty tentative. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the start of summer now officially upon us, much...
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement...
During the past two decades, China’s rise as an economic powerhouse has also triggered a massive expansion of the shipping industry, both in China, but also globally. So, with the country coming to terms with the first major economic crisis of its recent history, shipping is bound to be rocked. In...
The tanker market is about to enter the “eye of the storm” in the weeks and months to come, as a result of lower oil demand and heightened tonnage supply. As such, any good news from a specific trade could provide a lifeline, but things aren’t that rosy. In its latest weekly report, shipbroker...
https://www.hellenicshippingnews.com/tanker-market-looking-for-lifelines-ahead-of-tough-second-half/
The recession currently underway globally is bound to have a negative impact on demand for ships. However, the scale of the recovery will also be key for the shipping industry, as some countries will bounce back quicker than others. Which ones will manage to do this, could be key for shipping. “The...
https://www.hellenicshippingnews.com/shipping-is-waiting-for-the-global-economy-to-bounce-back/
Seanergy Maritime Holdings Corp., announced its financial results for the first quarter ended March 31, 2020. For the quarter ended March 31, 2020, the Company generated net revenues of $13.3 million, a 17% decrease compared to the first quarter of 2019. EBITDA for the quarter was approximately $1...
Ship owners are turning towards second hand ships in the post-pandemic era, at least for now, turning their backs on newbuilding orders. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the relatively good momentum in the SnP market continued for yet...
Genco Shipping & Trading Limited today announced that it has changed the location of its 2020 Annual Meeting of Shareholders to be held at 10:00 a.m. on Wednesday, July 15, 2020. The new location of the meeting is Ink 48 Hotel, 653 Eleventh Avenue, New York, NY 10036. Due to the coronavirus...
Demand for ship recycling has started to pick up pace during the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “Pakistan certainly seems to be the talk of the town offering the most competitive levels out of the three India sub-Continent...
https://www.hellenicshippingnews.com/ship-demolition-market-picking-up-pace/
Castor Maritime Inc. announced yesterday the pricing of an upsized underwritten public offering of 51,400,000 units at a price of $0.35 per unit. Each unit consists of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately...