Greece
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Dry Cargo
Chartworld buys two capesizes for less than $20m
London: Chartworld Shipping is confirmed to have been the buyer of two capesize bulk carriers from NYK Line for $9.5m…
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Dry Cargo
Diana Shipping timecharter extension shows improvement in panamax market
London: Glencore Grain (Rotterdam) has extended its contract on its fifth Diana Shipping panamax bulk carrier in the space of…
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Containers
New timecharters for Capital Product Partners product tankers
London: Capital Product Partners (CPP) has acquired the first of five vessels from Capital Maritime, and secured new timecharter employment for…
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Dry Cargo
Diana Shipping gets ABN AMRO Bank loan to refinance vessels
London: NYSE-listed Diana Shipping has signed a term loan facility with ABN AMRO Bank, through which Diana has drawn down $50.16m…
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Europe
Piraeus port privatisation could raise up to $545m
London: The privatisation of Greece’s Piraeus Port could raise at least €500m ($545m), Greek officials told the WSJ. The previous Greek government…
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Dry Cargo
Hellenic Carriers sells old handymax bulk carrier
London: London-listed Hellenic Carriers has sold a 20-year-old handymax bulk carrier to an unnamed buyer for $3.8m. Market sources say Greek…
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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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