Greece
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Americas
Navios sells two VLCCs to its midstream sister company
Athens: NYSE-listed Navios Maritime Acquisition is to sell two VLCCs to Navios Maritime Midstream Partners for a combined $100m. The vessels are the…
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Americas
NewLead defence attorneys gain permission to withdraw
Athens: NewLead’s defence attorneys Reed Smith yesterday received permission to withdraw from the breach of contract case brought by TransAsia…
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Europe
Euronav to pay $384m for Metrostar’s four VLCCs
Athens: Euronav has confirmed it will pay Greece’s Metrostar Management $96m per vessel or $384m in total for four VLCC…
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Containers
New Capital Product Partners boxship gets CMA CGM contract
Athens: NASDAQ-listed Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter to CMA…
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Europe
Christodoulou steps down from Capital Product Partners CEO role after just 8 months
Athens: Nasdaq-listed Capital Product Partners has announced that Petros Christodoulou, who held the role of CEO and CFO, will leave…
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Tankers
Owners opt for secondhand tankers rather than ordering new
Athens: Owners have been cautioned by overordering seen in previous years and currently prefer to buy resale and secondhand vessels…
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Dry Cargo
Cargill extends timecharter of Diana panamax
Athens: Commodity trader Cargill has extended its charter of a Diana Shipping panamax bulk carrier by a further 15 to…
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Europe
Four VLCCs but no suezmaxes, says Euronav
Athens: Euronav has confirmed it is in “advanced discussions” to purchase four VLCCs, but has not made an offer on…
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Europe
Euronav buys 8 VLCC newbuildings from Metrostar
Athens: Euronav has purchased resale contracts for eight VLCC newbuildings from Greece’s Metrostar Management, according to shipbrokers’ reports. The ships…
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Containers
Navios buys 14 vessels in bank sale and establishes new subsidiary
Athens: Navios has completed the foundation of a new subsidiary, Navios Europe (II), through the acquisition of 14 vessels from debtors…
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Dry Cargo
Freeseas enters the tanker market through Marvin collaboration
Athens: Bulk carrier owner Freeseas has acquired a 51% stake in Standcorp International, a new company that will operate tankers. The…
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Americas
NewLead’s defence attorneys apply for resignation
Athens: Legal firm Reed Smith has applied to be relieved as counsel in an ongoing New York Supreme Court case,…
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Dry Cargo
Paragon delays three kamsarmax deliveries
Athens: Paragon Shipping has delayed delivery of its three kamsarmax newbuildings from China’s Jiangsu New Yangzijiang shipyard. The three 81,800-dwt vessels were…
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Dry Cargo
China Shipping charters Diana bulk carrier
Athens: Hong Kong-based China Shipping Bulk Carrier Co has timechartered one of Diana Shipping’s panamax bulk carriers for 10 to…
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Dry Cargo
Old ladies change hands in the S&P market this week
Athens: The S&P market has seen a number of older vessels changing hands this week, particularly in the dry cargo…
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Middle East
Springfield to convert two more OBOs to VLCCs in Oman
Athens: Onassis-controlled Springfield Shipping is to convert two oil-bulk-ore (OBO) carriers to VLCCs at Oman Drydock Company (ODC), Oman. The Selma B (319,869…
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Dry Cargo
Diana Shipping’s new kamsarmax gets Clearlake timecharter
Athens: Diana Shipping’s newly delivered kamsarmax bulk carrier Medusa (82,194 dwt, built 2010) has won a 10- to 14-month timecharter from…
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Europe
Fire-damaged aframax tanker reaches port in Las Palmas
Athens: Atlas Maritime’s aframax tanker Lady M was finally accepted into the port of La Luz and Las Palmas, Gran Canaria, yesterday after…
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Dry Cargo
CFO of NewLead resigns
Athens: Antonis Bertsos has resigned as CFO of NewLead Holdings to “pursue other career opportunities”, the company said. Bertsos will remain…
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Europe
Atlas aframax unwelcome in Las Palmas after fire onboard
Athens: An aframax tanker owned by Atlas Maritime is waiting for the Canary Islands to grant it a port of refuge…
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