The tanker market has been facing geopolitical turbulence once again. In its latest weekly report, shipbroker Gibson said that “it has been another turbulent week in the oil and tanker markets. Whilst U.S. tariffs on Canada and Mexico were postponed for a month, the 10% tariff on all Chinese...
https://www.hellenicshippingnews.com/tanker-market-under-geopolitical-pressure-again/
China’s LNG imports kept rising during 2024, following the trend of the previous years, but EU remains ahead. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to...
https://www.hellenicshippingnews.com/lng-shipping-trade-chinas-imports-keep-increasing/
Commodity markets have been mired with uncertainties at the beginning of 2025. In its latest weekly report, shipbroker Xclusiv said that “the start of 2025 has seen significant turbulence across the global commodity markets, driven by shifting trade policies, supply constraints, and geopolitical...
https://www.hellenicshippingnews.com/shipping-commodity-market-turbulence/
Costamare Inc. reported unaudited financial results for the fourth quarter (“Q4 2024”) and year ended December 31, 2024. I. PROFITABILITY AND LIQUIDITY FY 2024 Net Income available to common stockholders of $290.7 million ($2.44 per share). FY 2024 Adjusted Net Income available to common...
https://www.hellenicshippingnews.com/costamare-inc-reports-2024-net-income-of-290-7-million/
The ship recycling market is still exhibiting limited activity all around. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained largely inactive across all major destinations this week, with no significant...
https://www.hellenicshippingnews.com/ship-recycling-limited-activity-remains-the-norm/
Container ships have been dominating newbuilding ordering activity over the past week. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding front, “CMA CGM dominated the week with a $2,59 bln deal. Hyundai group will deliver 12 dual fuel LNG x 18,000 TEU container...
https://www.hellenicshippingnews.com/container-ships-are-dominating-newbuilding-orders/
Capital Ship Management Corp. (‘Capital’) took successful delivery recently of the newbuilding vessels M/T ‘Aisopos’ (‘ΑΙΣΩΠΟΣ’) and M/t ‘Aiolos’ (‘ΑΙΟΛΟΣ’), two 115,621 dwt, eco-type crude oil/product carriers, built by New Times Shipbuilding (NTS), China. Lloyd’s Register has assigned the two...
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today new time charter contracts for two of its 4,253 teu intermediate containerships, M/V Synergy Antwerp and M/V Synergy Keelung. Both charters are for a...
A rise in the subdued demolition activity could provide a significant relief to the shipping markets. In its latest weekly report, shipbroker Intermodal said that “building on our previous report, in which we analyzed the projected bulk carrier deliveries for 2025, and considering the current...
https://www.hellenicshippingnews.com/shipping-more-demolition-activity-could-provide-relief/
The VLCC tanker market could be primed for a very good year, in terms of performance. In its latest weekly report, shipbroker Gibson said that “VLCCs are enjoying a moment in the spotlight. A low orderbook and sanctions news have put a spotlight on the largest asset class in the tanker markets....
https://www.hellenicshippingnews.com/vlccs-could-be-set-for-a-stellar-2025/