Greece
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Europe
EC ruling won’t affect Piraeus Container Terminal concession or expansion
London: The European Commission’s decision that Greece should recover incompatible state aid from Piraeus Container Terminal (PCT) will not affect the…
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Americas
Tsakos receives 2015 Commodore Award
London: Panagiotis Tsakos, founder of the Tsakos Group, has been named the Connecticut Maritime Association’s (CMA) Commodore of the Year…
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Europe
Zolotas probe inspires political reforms in Cyprus
London: A federal investigation is nearing completion into alleged donations made to Cypriot political parties through Focus Maritime Corporation, controlled…
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Americas
Robert Perri leaves Paragon and Box Ships management teams
London: Robert Perri has left his position as CFO on the management teams of Paragon Shipping and Box Ships. Michael…
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Dry Cargo
US and Greek capesize owners carrying biggest potential impairment losses
London: Singaporean owners made the wisest investments in capesize bulk carriers during the bull run, beating the Greeks and US…
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Europe
Piraeus Container Terminal falls foul of EC anti-competition rules
London: Greece granted Piraeus Container Terminal (PCT) and its parent Cosco Pacific an undue advantage over their competitors, which is…
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Dry Cargo
Trio of kamsarmax fixtures starts the week off right
London: The week has kicked off with a trio of kamsarmax and other dry cargo fixtures being reported. The Star Bulk vessel…
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Dry Cargo
Seanergy receives capesize delivery amid dead S&P market
London: Athens-based Seanergy Maritime Holdings has received delivery of the Japan-built capesize vessel Leadership (171,199 dwt, built 2001), marking the completion of…
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Dry Cargo
Glencore extends another timecharter of Diana Shipping panamax
London: Glencore Grain (Rotterdam) has extended its timecharter of a Diana Shipping-owned panamax for a further 11 to 14 months.…
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Europe
Russia could take stake in Thessaloniki port
London: The Greek prime minister is heading to Moscow to seek financial support from Russia in its planned privatisations of the port…
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Tankers
Two oil/ore carriers sold for conversion to VLCCs
London: Two very large oil/ore (O/O) carriers have been sold en bloc to Greek “clients of Olympic Shipping” for conversion…
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Tankers
Vintage VLCCs are back in fashion
London: This week saw a string of S&P transactions for older VLCC tonnage at favourable prices, at least one of…
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Dry Cargo
Star Bulk gets $227.5m loan for seven newbuildings, delays new deliveries
London: Star Bulk has secured up to $227.5m in loans from DNB Bank, SEB Bank and the Export-Import Bank of…
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Containers
Diana Containerships adds two Yang Ming chartered panamaxes
Athens: New York-listed Diana Containerships said that yesterday it signed agreements to purchase two panamax 4,920-teu containerships, the YM Los…
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Dry Cargo
Diana Shipping refinances with new Nordea loan facility
Athens: Greek dry bulk operator Diana Shipping has signed a term loan facility this week with Nordea Bank in London.…
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Europe
Tanker runs aground off the coast of Rhodes, Greece
Athens: A small products tanker ran aground off the Greek island of Rhodes and has been refloated, according to reports from…
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Europe
Capital Product Partners cancels “opportunistic” fundraiser
Athens: NASDAQ-listed Capital Product Partners has cancelled plans to refinance its existing debt through the bond market, saying its pursuit…
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Europe
Greek government “radically opposed” to infrastructure privatisation, minister says
Athens: Plans to privatise Greece’s Piraeus and Thessaloniki ports were dealt another blow when a senior cabinet minister said Wednesday…
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Gas
Latsco Shipping leads uptick in LPG newbuildings
London: A number of shipping companies have placed orders for LPG carriers in the past week on the back of…
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Europe
NewLead Holdings secures $10m debenture for fleet expansion
Athens: NewLead Holdings has closed a $10m senior secured debenture from TCA Fund Management, with an initial draw of $4.25m…
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