Greece
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Europe
Patitsas’s dry bulk return stymied
Leon Patitsas’s return to dry bulk lasted just four days. The boss of Atlas Maritime was linked to fixing the…
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Europe
Bids for Thessaloniki port deemed too low
Greece’s Hellenic Republic Asset Development Fund has asked the three parties who bidded for the nation’s second largest port, Thessaloniki,…
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Europe
Leon Patitsas makes bulk carrier return
Aframax specialist Leon Patitsas’s Atlas Maritime appears to have diversified its fleet and snapped up its first bulker in many…
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Europe
DryShips shares smashed by investors on news of another reverse stock split
Shares in George Economou’s Nasdaq-listed DryShips were given a hammering by investors on Friday after the company announced a 1-4 reverse…
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Europe
Navios Maritime Partners acquires panamax bulker pair
Navios Maritime Partners has announced that it has agreed to acquire two 75,000dwt panamax vessels for $27m in total. The…
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Europe
Seanergy acquires secondhand capesize
Greek dry bulk owner Seanergy Maritime Holdings has entered into an agreement to acquire a 2012-built capesize vessel. The 179,213…
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Europe
Tsakos’s latest product buy illustrates declining asset prices in the sector
Tsakos Group’s acquisition of the product tanker illustrates well the declining asset value in the sector. The Greek owner is…
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Europe
DryShips seals new Kalani deal, moves to acquire six more vessels
George Economou’s DryShips has gone back to its favourite source of finance, the little-known Kalani Investments, who have agreed to…
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Dry Cargo
Economou pounces for kamsarmax resale
George Economou has pounced for another bulker. Via Cardiff Marine, the Greek tycoon has taken an 82,000 dwt resale kamsarmax,…
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Europe
Euroseas taking delayed kamsarmax newbuild at reduced price
Greek owner Euroseas has signed an addendum to a newbuilding contract with China’s Jiangsu Yangzijiang Shipbuilding for a kamsarmax dry…
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Europe
Diligent stays loyal to Japanese hulls
Greek owner Diligent Holdings has added its first handysize bulker acquisition this year after taking a five month break. Last…
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Asia
Marinakis pays $155m for Hanjin boxship quintet
The carve up of the defunct Hanjin Shipping fleet is now just about complete with news Evangelos Marinakis’s Capital Ship…
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Europe
Economou beats the Saverys family for keenly contested newcastlemax quartet
As first reported by Splash last month, George Economou has admitted he has won his tit-for-tat battle with Belgium’s Saverys…
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Europe
Centrofin offloads older cape pair
Centrofin Management has sold a pair of older capesizes to another Greek owner. The CE-Duke and the CE-Alliance, both built…
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Europe
Stealth Maritime concludes series of period charters
Greece’s Stealth Maritime is celebrating concluding a series of period charters that keeps the majority of its fleet decently employed…
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Europe
Toisa nails another charter
Toisa, a shipowning vehicle owned by Greek magnate Gregory Callimanopulos that sought chapter 11 protection in the US two months…
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Europe
Diana Containerships raising $150m with Kalani Investments deal
Diana Containerships is the latest Greek shipowner to raise money by issuing new shares to little-known Kalani Investments. Diana said…
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Europe
Four bids expected for Thessaloniki port
Local Greek newspaper Kathimerini reports four bids are expected to be lodged this week to run Thessaloniki port. The Friday…
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Europe
Toisa gets cash collateral help
Toisa, a shipowning vehicle controlled by Greek magnate Gregory Callimanopulos, has received bankruptcy court approval for the use of cash…
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Europe
Greek owners ditch home flag
The expensive and overly bureaucratic Greek flag is losing more and more business to rival registers, led by the Marshall…
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