The Korean Register has signed a memorandum of understanding (MoU) with the National Technical University of Athens, agreeing to share specialist technology and software with the students of the School Naval Architecture & Marine Engineering. The agreement was coordinated with the assistance of...
The final influx of newbuilding contracting for 2019 is taking place these days, with not much to report. In its latest weekly report, shipbroker Banchero Costa said that “a few major orders to report this week starting from the big spending Maran Tankers who optioned additional two VLCC of about...
https://www.hellenicshippingnews.com/last-newbuilding-orders-of-2019-taking-place/
GasLog Ltd. announces that it has signed an Export Credit Agency-backed debt financing of $1.05 billion with twelve international banks for its current newbuilding programme (the “Newbuild Facility”). The Newbuild Facility covers the balance due to the shipyard on delivery and consequently the...
With tanker owners looking for clues on future oil demand and potential new trade routs, it’s worth taking a look at the developments in the Far East Russian front. In a recent weekly report, shipbroker Banchero Costa said that “just 10 years ago, Russia, the world’s second-largest oil exporter...
https://www.hellenicshippingnews.com/far-east-russia-crude-oil-exports-a-legitimate-tanker-play/
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 Pacbulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the...
Pyxis Tankers Inc., an emerging growth pure play product tanker company, today announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker. The closing of the sale should occur in January, 2020 and is subject to customary closing conditions. Valentios Valentis, our...
https://www.hellenicshippingnews.com/pyxis-tankers-inc-announces-vessel-sale/
The financial situation in India isn’t the rosiest of late, spelling trouble for the future demand of oil and thus the tanker market as well. In its latest weekly report, shipbroker Gibson said that “India, which is home to over 1.3 billion people was once heralded as one of the most important...
The tanker market has been on a high during November as well. In its latest monthly report, OPEC said that dirty tanker spot freight rates in November remained at robust levels relative to the lacklustre performance seen for most of this year, but were down from the record highs seen in the...
https://www.hellenicshippingnews.com/tanker-market-robust-levels-all-around-during-november/
National Bank of Greece announces that it has successfully closed the sale of a shipping loans portfolio (total claims of approximately 262 mil Euros) to certain funds advised by Cross Ocean Partners. The transaction is being implemented in the context of NBG’s NPE reduction Strategy. Τhe Investors...
The 19th NAVIGATOR 2019 – THE SHIPPING DECISION MAKERS FORUM was organized by NAVIGATOR SHIPPING CONSULTANTS with great success on Friday, November 29, 2019 at the “Lighthouse” of the Stavros Niarchos Foundation Cultural Center. The response to the call to the maritime industry to...
https://www.hellenicshippingnews.com/19th-navigator-2019-the-shipping-decision-makers-forum-2/