Moore Stephens Greece, a pioneer in the Greek audit and accounting sector, a firm with deep roots in shipping, has changed its name to Moore Greece. This is part of a broader global rebranding whereby Moore Stephens International will now be known as Moore Global. This change coincides with the...
https://www.hellenicshippingnews.com/new-horizons-for-moore-greece/
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and nine month period ended September 30, 2019. Management Commentary Dr. Loukas Barmparis, President of the Company, said: “In the third quarter of 2019...
Costamare Inc. reported unaudited financial results for the third quarter and nine-months ended September 30, 2019. Net Income increased by 157% to $36.0 million for the three-months ended September 30, 2019 (“Q3 2019”) compared to $14.0 million for the three-months ended September 30, 2018 (“Q3...
https://www.hellenicshippingnews.com/costamare-inc-reports-net-income-increase-of-157/
The demand side of things could offer fresh upwards momentum in the dry bulk market as we head towards the last stretch of 2019. In its latest weekly report, shipbroker Allied Shipbroking noted that “despite the downward correction that has been noted in the dry bulk market over the past month,...
https://www.hellenicshippingnews.com/demand-to-carry-dry-bulk-market-forward/
TEN, LTD. (TNP), a leading crude, product and LNG tanker operator, today announced the delivery of an aframax tanker, the first in a series of four advanced technology vessels, built against long-term contracts to a major US oil concern. The proceeds in time charter equivalent terms, equate to...
Ships’ recycling activity has been the negative “star” of today’s shipping market, with tonnage sold for scrap failing to reach Southeast Asias’ shores. As a result, concerns are bound to be raised on the future balance of supply-demand in the maritime segment. In its latest weekly report,...
https://www.hellenicshippingnews.com/demolition-market-comes-back-to-life-albeit-in-slow-motion/
Normal service has been resumed, as ship owners have returned to the S&P market, lowering their “appetite” for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that “two modern NewCastelmax, the Bulk Seoul and Bulk Shanghai, 208,000 dwt, built 2019 by New Times were...
https://www.hellenicshippingnews.com/ship-owners-return-to-the-sp-market/
With the dry bulk market looking for a new balance, it’s intriguing to take a look at the current state of Australia’s iron ore exports, one of the most important sources for China. In a recent weekly report, shipbroker Banchero Costa said that “Australian iron ore exports are now expected to end...
https://www.hellenicshippingnews.com/dry-bulk-market-the-case-for-australian-iron-ore-exports/
Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vessels, announced today the repayment of its Term Loan B on October 18, 2019. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “We are pleased with the...
WISTA Hellas is organizing the Annual Forum 2019 entitled “Redefining Shipping – Embracing a New Approach” to be held on Tuesday, 5th November, 2019 at Hilton Athens Hotel. Every year WISTA Hellas proudly organizes a Forum where the audience has the opportunity to follow presentations, participate...