As the 1st of January 2020 is edging closer, the effects of the IMO 2020 rule on burning cleaner marine fuels are bound to be diverse, across all ship classes. One such case is the Handy product tanker range. In its latest weekly report, shipbroker Gibson said that “looking at the orderbook for...
VLCC Charterers took a step back last week after previously frenetic activity. In the Middle East Gulf rates peaked at WS 85 for 270,000mt to China, and then softened to low WS 80s, as owners await the November Saudi program. Going west, 280,000mt to the US Gulf was assessed at around WS 32.5...
https://www.hellenicshippingnews.com/vlcc-tanker-market-retreats-after-recent-rebound/
The tanker market was mixed during September, as smaller classes like the Suezmax and Aframax benefitted from the hurricane seasons, while VLCCs were flat, as oversupply issues still hampered the segment’s recovery, said OPEC in ints latest monthly report. Dirty tanker market sentiment was mixed in...
https://www.hellenicshippingnews.com/hurricane-season-boosted-tanker-markets-in-september/
ValuEngine upgraded shares of Diana Shipping from a sell rating to a hold rating in a research report released on Tuesday, October 2nd. A number of other equities research analysts also recently weighed in on DSX. Zacks Investment Research raised Diana Shipping from a hold rating to a buy rating...
https://www.hellenicshippingnews.com/diana-shipping-upgraded-to-hold-at-valuengine/
The demolition market for older ships is picking up pace as of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “since last week’s high profile Container sale, many owners decided to pull the trigger on some of their vintage units, meaning that the market was hit with...
https://www.hellenicshippingnews.com/demolition-market-picking-up-freight-rates-could-follow-suit/
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced today that, pursuant to the previously announced transaction of August 28, 2018, it took delivery of the first of the three firm dry bulk vessels, the E.R BRIGHTON (the “Vessel”),...
https://www.hellenicshippingnews.com/star-bulk-carriers-corp-announces-delivery-of-mv-star-bright/
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes announced that it has entered into a $310 million loan agreement, which includes a $70 million tranche (the “Green Loan Tranche”) that will exclusively finance the procurement and retrofitting of...
DynaRep Shipping Consultants is happy to announce the expansion of its agency network and collaboration at Turkey, with Master Maritime Agencies Inc., also known as Mastership. The decision to expand at strategic countries like Turkey is crucial, as it is DynaRep’s philosophy to offer services at...
With the dry bulk market sentiment rising, ship owners have placed more and more newbuilding orders, threatening to throw the current favorable market fundamentsl off course. However, a combination of enough demolition candidates and robust demand growth, despite the ongoing trade tensions, are...
What happened Shares of Star Bulk Carriers Corp. rose 14.4% in September, according to data provided by S&P Global Market Intelligence, driven by bullish notes by two analysts. So what J.P. Morgan raised its price target on Star Bulk Carriers from $18 to $20 per share in mid-September while...