Leading shipbroker Simpson Spence Young shares views on 2021 market outlook
After a highly volatile 2020, leading shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.
Contributions come from a range...
ATHENS, GREECE, December 18, 2020 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2001-built vessel “Oceanis”, with delivery to the buyer...
Dry bonanza, low and falling Wets with messy Geopolitics amid an explosive Covid
The BDI (Baltic Dry Index) ended up 22 points since yesterday and now stands at 1,219 surpassing the 1,200 points threshold whilst the Wets’ Clean lost a dozen points sawing clearly that there is an issue. In the Geopolitical front things continue to get sour with COVID making waves… John Faraclas’ Thanksgiving brief recap:
The Market in a pre-Christmas mini upturn with the Capes’ BCI leading the way;...
Performance Shipping Inc. Announces Agreement to Acquire Fifth Aframax Tanker
ATHENS, GREECE, November 11, 2020 – Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tankers, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the M/T Kalamas, a 105,400 dwt Aframax tanker vessel built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd, Japan, from an...
Diana sells panamax bulker “Coronis”
DIANA SHIPPING INC. ANNOUNCES THE SALE OF A PANAMAX DRY BULK VESSEL, THE M/V CORONIS
ATHENS, GREECE, September 16, 2020 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006-built vessel “Coronis”, with delivery to the buyer latest...
https://www.allaboutshipping.co.uk/2020/09/16/diana-sells-panamax-bulker-coronis/
VesselsValue partners with Concirrus to provide clients with improved underwriting capabilities.
VesselsValue, an online valuation and data provider announces a new data partnership with leading InsurTech, Concirrus. This partnership will enable real-time fluctuations in global shipping fleet market values, demolition values and newbuild values to be added to Concirrus’ predictive risk models. Concirrus’ marine insurance risk models empower (Re)Insurers to respond quickly to changing market...
HFW acts on sale of almost half of Swiss Maritime Fleet
Global, sector-focused law firm HFW has acted on the sale of almost half of the entire Swiss maritime fleet.
HFW advised Swiss shipowner Massoel Shipping SA on eight separate vessel sale transactions, representing 40% of all Swiss-flagged commercial maritime vessels.
The firm also provided completion services on each of the transactions, assisting Massoel and the purchasers with closing and the holding of deposit and balance.
HFW’s team...
Performance Shipping Inc. Announces the Sale and Delivery of Vessel to Her New Owner
ATHENS, GREECE, August 20, 2020 – Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that on 19 August 2020, through a separate wholly-owned subsidiary, it signed a Memorandum of Agreement to sell the 2001-built Panamax container vessel, the M/V Domingo, to an unaffiliated third party for a sale price of US$5.6 million...
HFW Advises Swedish Northern Offshore Group On Complex Double Vessel Purchase And Financing
Global, sector-focused law firm HFW has advised Swedish Northern Offshore Group (NOG) on the purchase, on-sale and leaseback financing of two crew transfer and windfarm support vessels.
HFW advised NOG and its UK and Danish subsidiaries on all aspects of the transaction, which involved multi-layered purchase, financing and flagging arrangements, and had to close within a very tight timescale.
NOG’s...
Vitamin K helpful against coronavirus; Yersin on market for 95.5 million; Princess marks Mothers’ Day with hospital visit…
Good Morning Monaco
Tuesday, June 9, 2020
Researchers studying patients who were admitted to the Canisius Wilhelmina hospital in the Dutch city of Nijmegen have found a link between vitamin K deficiency and the most serious coronavirus outcomes.
Yersin, the explorer motor yacht launched in 2015,...