The ship recycling market is still quite slow and uncertain. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling market remained slow and uncertain, with all four major destinations—India, Bangladesh, Pakistan, and...
https://www.hellenicshippingnews.com/ship-demolition-market-slow-and-uncertain/
ThPA S.A. announces that the Master Plan for the Port of Thessaloniki has been approved, with the issuance of Presidential Decree No. 12/2025 (Government Gazette 18/A/10-2-2025) by the President of the Republic. The issuance of the Presidential Decree is an important milestone for the Port of...
The Board is pleased to confirm that the transfer of the Company’s ordinary shares listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the Official List (the “Transfer”) became effective today, 10 February 2025. Details of the Transfer...
https://www.hellenicshippingnews.com/taylor-maritime-changes-to-commercial-company-status/
Things are heating up in the second hand market for ships, with more deals being reported last week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk segment, Greek based company Seanergy was behind the purchase of the Newcastlemax BERGE KITA 207,850 dwt 2013 Imabari...
https://www.hellenicshippingnews.com/second-hand-sales-are-heating-up/
CMA D. ARGOUDELIS & CO S.A. proudly announces the successful upgrade of its enterprise resource planning (ERP) system to Microsoft Dynamics 365 Business Central & Field Service. This strategic move marks a significant step forward in optimizing operational efficiency, enhancing service delivery,...
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 1,740 teu feeder containership, M/V EM Hydra for a minimum period of 24 to a maximum period of 26 months, at the...
The Corporate Services Group (CSG) held its annual meeting in Athens in January 2025. Modeled off the Maritime Services Group (MSG), the CSG is a cooperative group of corporate team members from across the Republic of the Marshall Islands (RMI) Registry’s 28 worldwide offices as well as key...
https://www.hellenicshippingnews.com/iri-corporate-services-group-meets-in-greece/
Danaos Corporation, one of the world’s largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended December 31, 2024. In December 2024, we added two 9,200 TEU newbuilding containerships to our orderbook, which have expected deliveries...
The LNG shipping market has come under pressure lately, as market conditions have been more than challenging. In its latest weekly report, shipbroker Intermodal said that “the LNG shipping sector has entered 2025 under pressure, amid challenging market fundamentals and significant geopolitical...
https://www.hellenicshippingnews.com/lng-shipping-under-increasing-pressure/
Greece is one of the maritime industry’s global powerhouses. Greek shipowners control over 20% of the global fleet and account for 60% of the EU-controlled fleet. The industry’s contribution to the Greek economy makes up 7% of the country’s GDP and while Greek shipping’s enduring influence may be...