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...
Hellenic Shipping News
Shipping: More Demolition Activity Could Provide Relief
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/
VLCCs Could be Set for a Stellar 2025
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/
Shipping: Freight Rate Market Uncertainty to Dominate 2025
Uncertainty is bound to be the mainstay of 2025, when it comes to the freight market direction, both the dry bulk and the wet ones. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has witnessed a sharp decline in freight rates across various vessel segments in the...
https://www.hellenicshippingnews.com/shipping-freight-rate-market-uncertainty-to-dominate-2025/
New report reveals HEMEXPO’s €2 billion contribution to Greek economy
A new report from HEMEXPO, the leading Greek marine equipment manufacturers and exporters association for the international shipping industry, has highlighted the association’s significant contribution to the Greek economy during 2021-2022. The third study of its kind, conducted by the Foundation...
Pyxis Tankers Announces Completion of Common Share Repurchase Program & Update on Chartering Activity
Pyxis Tankers Inc., an international shipping company, announced today key shareholder and chartering updates. The Company has completed its authorized expanded $3.0 million common share repurchase program. Since summer 2023, we have acquired 730,683 common shares in the open market at an average...
Shipping: More S&P Deals Coming Through
More and more deals are being reported in the S&P market, as things are starting to heat up. In its latest weekly report, shipbroker Banchero Costa said that “in the Ultramax segment NORD MAGELLAN 63,000 dwt 2020 Iwagi built (SS due 2025 BWTS fitted) was reported sold to Meghna Group for $29,2 mln,...
https://www.hellenicshippingnews.com/shipping-more-sp-deals-coming-through/
Tankers and the Trump Presidency
The tanker market could be impacted by the shape of the US policies moving forward, under the new Trump presidency. In its latest weekly report, shipbroker Gibson said that “following a very impactful end to the Biden era, the oil and tanker markets expected Trump’s second stint in the White House...
https://www.hellenicshippingnews.com/tankers-and-the-trump-presidency/
Dynamic Group of Companies joins Green Award as an Incentive Provider
Dynamic Group of Companies, a pioneer in repair and maintenance services for maritime and heavy industries, is excited to announce its partnership with the Green Award Foundation as an official incentive provider. This strategic collaboration reflects Dynamic’s continued commitment to supporting...
Tankers: Türkiye Crude Oil Exports Fell Further in 2024
Türkiye’s crude oil imports fell by a further 16.4% during 2024, continuing the downward trend of 2023. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6% y-o-y, things got quieter in 2024. In Jan-Dec 2024,...
https://www.hellenicshippingnews.com/tankers-turkiye-crude-oil-exports-fell-further-in-2024/