Performance Shipping Inc., announces agreements to acquire two Aframax Tankes and US$ 10.0 million investment by its chairman
ATHENS, GREECE, June 11, 2019 – Performance Shipping Inc. (NASDAQ:DCIX), (the “Company”), today announced that it has agreed to acquire two entities, which have signed contracts to purchase two 2011-built Aframax tanker vessels from an unaffiliated third party seller for a total purchase price of US$60.0 million. The transaction was unanimously approved by the...
r to l: Nikos Vafias and George Procopiou
Nikos Vafias adds 12th aframax tanker
Nikolaos Vafias has extended his investment in tonnage to almost US$90m in less than two weeks with a swoop for a Brightoil Petroleum aframax tanker being auctioned in Singapore.
Greek shipowner Diamantis Diamantides bags Brightoil VLCC auctioned in Hong Kong
Blast from the past as Vafias plots further growth with ‘seasoned’ partner
Having...
http://www.allaboutshipping.co.uk/2019/06/07/nikos-vafias-adds-12th-aframax-tanker/
THE 7TH GLOBAL SHIPBROKERS FORUM
Yacht Club of Greece, Piraeus, Thursday 20th June 2019
Managers of Regulations or Ship Managers?
FORUM AGENDA
09:00 – 10:00 REGISTRATION & COFFEE
10:00 – 10:30 Welcome speeches:
– Mr. John N. Cotzias – President of H.S.A.
– Mr. Fotis Kouvelis – Minister of Maritime Affairs and Insular Policy
– Mr. Yannis Plakiotakis – Maritime Affairs & Insular Policy Coordinator of New Democracy Party
SESSION 1 – IMO, BIMCO, INTERTANKO, INTERCARGO our voice WORLDWIDE: The Hellenic...
http://www.allaboutshipping.co.uk/2019/06/04/pireas-2019-managers-of-regulations-or-ship-managers/
Greek shipowner Nikolaos Vafias goes on US$65m shopping spree
Nikolaos Vafias
Private Greek shipowner Nikolaos Vafias has made a significant investment in additional tonnage — purchasing three vessels in a single week in deals worth in excess of $65m, sources said.
Vafias has bought a single capesize from a compatriot in a swoop that has clear parallels with his last countercyclical venture in the same space in 2016.
He has also entered two LPG niches for the first time, with the purchase of a...
John Faraclas
The BDI@1,043 whilst awaiting …Armageddon
The BDI (Baltic Dry Index) continued its upwards mode and now reads 1,043 – plus 17 points. The Geopolitics getting sour and BIMCO makes a splash at the Yacht Club of Greece. John Faraclas’ daily market brief recap:
The Capes’ BCI increased its “fortunes” to 1,462 points – up 57! Let’s see this new rally where and how same ends.
The Panamaxes BPI also on an upwards mode now at 1229 – plus 18.
Stagnation for both the Supras and Handies. The BSI...
http://www.allaboutshipping.co.uk/2019/05/14/the-bdi1043-whilst-awaiting-armageddon/
‘Chartering Manual’ makes a big splash
By John Faraclas
This specialist shipbroking book is now the fifth volume* residing on my bedside table!
You all know how particular I become – and I am on many issues and in relation to the many books I read and then study – also for reviewing same with the allaboutshipping team and with other colleagues in the past.
Now this book could appear at no better time and serves both as a beacon of intelligence, having in-depth analysis and explanations of various...
http://www.allaboutshipping.co.uk/2019/05/05/chartering-manual-makes-a-big-splash/
DIANA SHIPPING INC. ANNOUNCES THE SALE OF A PANAMAX DRY BULK VESSEL, THE M/V ERATO
ATHENS, GREECE, April 15, 2019 – 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 2004-built vessel “Erato”, with delivery to the buyer latest by June 10, 2019, for a sale price of US$7.0...
http://www.allaboutshipping.co.uk/2019/04/15/diana-sells-panamax-bulker-erato/
John Faraclas
The BDI@651… Losing steam
The BDI (Baltic Dry Index) clinched two points and seems that it’s losing steam; Geopolitics in jeopardy. John Faraclas’ brief daily recap:
It seems that we are having a Dry Market stagnation and hope same will change. More later on tonight.
The Wets losing ground with the BDTI (Dirties) and the BCTI (Cleans) reading 799 – minus two and 583 minus five points respectively.
The WTI close to US$ 57.00; Caution.
On the Ships Sale and Purchase front the following...
http://www.allaboutshipping.co.uk/2019/02/27/the-bdi651-losing-steam/
ATHENS, GREECE, November 7, 2018 – 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 “Triton”, with delivery to the buyer latest by January 7, 2019, for a sale price of US$7.35 million before commissions.
Upon completion of the aforementioned sale, Diana...
Aziz Mantrach, FONASBA President for 2018 to 2021
As it approaches its 50th year, FONASBA has demonstrated increasing global reach by appointing the first President from an Arabic and North African country. Aziz Mantrach, Partner and General Managing Director of Transports Marocaines S.A. of Casablanca, President of the Moroccan association APRAM and previously the Federation’s Regional Vice President for Africa and the Middle East, was elected as FONASBA’s 28th President during the 2018 Council...
http://www.allaboutshipping.co.uk/2018/10/31/fonasba-elects-first-arab-and-north-african-president/