Greece
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Asia
Eurotankers linked with MOL VLCC buy
Eurotankers has paid Mitsui OSK Lines (MOL) $28.3m for a 13-year-old VLCC, brokers report. The Greek outfit has taken the…
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Europe
Heroin-smuggling shipowner and agent sentenced to life in prison
A former shipowner and a shipping agent found guilty of smuggling over two tons of heroin into Greece onboard the …
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Americas
DryShips to reverse split its stock after Nasdaq warning, CFO resigns
DryShips has decided to undertake a four-for-one reverse split of its shares after receiving a written notification from the Nasdaq…
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Dry Cargo
Golden Union paying $32.5m for brand new cape
Brokers are linking Greece’s Golden Union with a $32.5m raid for a brand new 180,000 Chinese-built capesize. Golden Union is…
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Europe
Capital Product Partners fixes two tankers to its sponsor
Capital Product Partners (CPP) has fixed two tankers to its sponsor company Capital Maritime & Trading Corp. The LR3 tanker Miltiadis M…
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Europe
Super Eco Tankers: New investments and partnerships
Super Eco Tankers Management is one very few Greek shipping firms to still be ordering new tonnage. It chose to…
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Asia
Diana capesize fixed on period charter
Another day, another capesize period fixture – today, Diana shipping is reported to have fixed one of its capes to…
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Americas
US court finds asphalt company liable in 12-year-old oil spill on Delaware River
A US federal district court in Philadelphia has reversed a six-year-old decision in the case of a 2004 oil spill…
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Americas
NewLead ship auction to close another ugly chapter of crew neglect
The bulk carrier, arrested in Massachusetts in April, is set to be auctioned off on August 8, bringing to an…
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Asia
Sea Pioneer in for Japanese panamax
Brokers report Sea Pioneer Shipping is paying Japan’s Yamamaru Kisen just over $5m for the 12-year-old panamax bulker. The ship…
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Europe
Winson takes V-Max from Gener8 Maritime for ‘firm’ $28m
Clarksons Research is reporting Taiwan’s Winson Shipping has snapped up the 15-year-old, 312,640 dwt from Gener8 Maritime for $28m. The…
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Dry Cargo
Safe Bulkers amends loan facility with RBS
Safe Bulkers has announced that the company has agreed with the Royal Bank of Scotland (RBS) to amend certain financial…
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Asia
Almi in for pair of VLCC newbuilds
Greece’s Almi Maritime has ordered two VLCCs at Hyundai Heavy Industries. The ships are costing around $85.5m each with delivery…
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Americas
Safe Bulkers tweaks loan from Danish Ship Finance
Safe Bulkers amended the terms of its loan with Danmarks Skibskredit (Danish Ship Finance), under which $40m is still outstanding.…
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Asia
HMM negotiates 20% rate cut with Capital Product Partners
HMM has negotiated a 20% cut in rates for five containerships it has on charter from Capital Product Partners as…
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Americas
Aegean and three engineers indicted over alleged pollution conspiracy
Two subsidiaries of Greece’s Aegean Group on Friday were indicted in Charleston, South Carolina, on pollution conspiracy and obstruction of…
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Americas
NewLead vessel to be sold at auction
A US court has ordered an arrested handymax bulk carrier owned by Greece’s NewLead Holdings to be sold in an…
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Americas
TEN adds another $20m to share repurchase programme
NYSE-listed Tsakos Energy Navigation (TEN) has set aside an extra $20m for its share repurchase programme, in which it will…
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Containers
Rail strikes force Cosco to shift boxes from Piraeus to Slovenia
China Cosco Shipping’s controversial take over of Greece’s largest port has suffered another setback. Greek politicians finally greenlighted the sale…
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Americas
Bodouroglou tries to reassure Paragon shareholders
Paragon Shipping’s founder, chairman and CEO Michael Bodouroglou has published an open letter to shareholders, saying the company is doing…
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