June 17th, 20193Melina Travlos and her dry bulk outfit Neptune Dry Management continues to grow at a rapid pace with the company acquiring its third ultramax this year. Seasure Shipbroking and Advanced Shipping and Trading both report that the Greek owner has forked out $24m for Shoei Kisen’s 2016-built ultramax . VesselsValue values the Imabari...
June 17th, 20190Simeon Palios led Greek dry bulk owner Diana Shipping has sold 2004-built panamax vessel to an unaffiliated third party for $6.4m. The sale price is lower than the $7.15m valuation of the bulker on VesselsValue. Diana Shipping has been consistently selling off its older panamaxes since November 2018. The company has netted $42.6m...
June 14th, 20190George Economou’s Nasdaq-listed shipowning company DryShips has announced that it has received an offer letter from SPII Holdings, a company controlled by Economou, proposing that DryShips is merged into a subsidiary of SPII Holdings. DryShips did not reveal any details of the offer, only that it has formed a special committee...
June 13th, 20190Credit Suisse has retained its top position in Greek ship finance for a fifth straight year, according to Petrofin Bank Research’s latest annual report. Looking at data for 2018, Petrofin tallied Credit Suisse had a dominant $7bn book among Greek owners, far larger than second place DVB on $3.1bn and BNP Paribas in third place with a...
June 12th, 20190Maran Gas Maritime, an affiliate of Greek owner Angelicoussis Shipping Group, has placed an order for one additional 174,000 cu m LNG carrier at South Korea's Daewoo Shipbuilding & Marine Engineering (DSME). The latest is the fifth LNG carrier Maran Gas has ordered at DSME this year. DSME said the two sides are also in...
June 12th, 20190Greek owner Avin International has placed an order for two firm 158,000 dwt suezmax tankers at Hyundai Heavy Industries in South Korea, with brokers Intermodal reporting a price of $64m per unit. The ships, which deliver in 2021, are Tier II and will come fitted with scrubbers. On the large number of tanker deals done in recent...
June 12th, 20190Symeon Palios has confirmed a move into the tanker sector with a deal to acquire a pair of aframax tankers, a deal first reported by Splash. Broking reports were slightly wide of the mark however, initially reporting that the deal was done via Diana Shipping. Performance Shipping, formerly Diana Containerships, has confirmed the...
June 11th, 20190Greek dry bulk owner Diana Shipping has fixed two of its capesizes, one to Peter Weernink’s new venture Singapore Marine and the other to Germany’s Oldendorff Carriers. The 2010-built cape New York has been fixed to Singapore Marine for a period of 17-19 months. The contract, which commenced last week, is at a rate of $15,500 per...
June 10th, 20190George Economou has struck a deal with Morgan Stanley to acquire the investment company’s stake in pool operator and services company Heidmar, taking full ownership under publicly listed entity DryShips. DryShips is paying around $17m for the stake, which includes JP Morgan’s 49.8% stake and a 0.4% management stake. The deal looks...
June 10th, 20190Prime Marine’s Stathis Topouzoglou together with a group of investors is closing in on buying out Singapore’s First Ship Lease (FSL) Trust. The group of investors led by Greek owner Topouzoglou on Friday launched a mandatory general offer for the remaining shares in FSL Trust. Today, the trust requested to lift its trading halt on...
