Compliance with the new IMO 2020 rule is causing various headaches among ship owners. In a recent report, Intermodal said that “as we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact for many in the...
https://www.hellenicshippingnews.com/dealing-with-imo-2020-compliance/
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v...
Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vessels, announced the delivery of five product tankers following the liquidation of Navios Europe Inc. (“Navios Europe I”). Navios Acquisition financed the $81.8 million acquisition, subject...
2019 could be characterized as an underwhelming year in terms of demolition activity, at least in terms of the comparison between the initial expectations and the end result. However, 2020 could be the year of… redemption. In its first report of the year, shipbroker Clarkson Platou Hellas said that...
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v...
While 2020 isn’t expected to be a strong year in terms of newbuilding activity, these first few days suggest otherwise. In its latest weekly report, shipbroker Allied Shipbroking noted that “buying interest seems to have still held during the last few days of the year, as we witnessed several new...
https://www.hellenicshippingnews.com/newbuilding-activity-starts-the-year-on-strong-note/
One of the major coal exporters, South Africa is now having to rely more on markets like the ones in the Indian Subcontinent, especially India, in a bid to find buyers for its product. South Africa hasn’t managed to penetrate Far East Asian markets, but it’s faring better in the Subcontinent, where...
https://www.hellenicshippingnews.com/dry-bulk-market-where-to-next-for-south-africas-coal-exports/
Coal demand is increasingly moving towards the East, as European cargoes are gradually reducing. In a recent weekly report, shipbroker Banchero Costa said that “demand for coal continues to experience sharply differing fortunes in the Atlantic and Indo/Pacific basins. Whilst coal consumption...
https://www.hellenicshippingnews.com/europe-coal-imports-retreating-fast/
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has sold to unaffiliated third parties its two MR1 Product Tankers, the M/T Eco Fleet and the M/T Eco Revolution (each weighing 39,000 tons). The vessels are...
https://www.hellenicshippingnews.com/top-ships-inc-announces-sale-of-its-two-mr1-product-tankers/
The shipping industry is heading towards a landmark year in 2020, with the latest marine fuel rules upsetting common practices, while yesterday’s Middle East events are bound to make waves in the weeks to come. In its latest weekly report, shipbroker Intermodal noted that “as another year in the...