Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024...
Russian LNG keeps flowing into the EU, albeit at a much lower level. In its latest weekly report, shipbroker Xclusiv said that “over two years since the Russian invasion of Ukraine, the EU continues its efforts to weaken Russia financially through sanctions. The latest move grants individual member...
https://www.hellenicshippingnews.com/russian-lng-to-europe-is-it-game-over/
Ship owners have been quite active in the second market over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker market Union Maritime placed order for 2 x LR2 tankers to be built at Hyundai Vietnam basis delivery 2027 , price reported at $71 mln each, the...
https://www.hellenicshippingnews.com/ship-owners-looking-for-more-sp-deals/
New highs in revenues and profits PPA S.A. presented the financial results for the fiscal year 2023 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation was conducted by representatives of the company, led by the General Manager of Financial Management Department...
Green Award Foundation is pleased to announce that REA Hellas S.A., a leading provider of motion, lubrication, sealing products and condition monitoring services in Greece, has joined its global network of Incentive Providers. Established in 1988, REA Hellas brings decades of expertise as a trusted...
Global shipping’s resilience against a flurry of disruptive factors, can prove crucial for the state of the global economy moving forward. In its latest weekly report, shipbroker Intermodal said that “the recent collapse of the Francis Scott Key Bridge in Baltimore has caused immediate logistical...
The Aframax tanker market could be looking for a new trend in the Cross-Mediterranean trade route. In its latest weekly report, shipbroker Gibson said that “after just over a year of being offline, discussions about restarting the 450 kbd KRG pipeline remains at an impasse. Despite months of...
The tanker market has steadied during the month of March, OPEC said in its latest monthly report. Dirty freight rates were relatively steady in March on most monitored routes. VLCC spot freight rates on the Middle East-to-East route were unchanged, m-o-m, although they declined 20% compared to the...
https://www.hellenicshippingnews.com/tanker-market-steadies-during-march/
Greece’s revitalised shipbuilding industry will be prominently represented during Posidonia 2024, signalling a strong recovery following decades of decline and disrepair. The sector’s Greek renaissance is on the cards after the completion of the consolidation of the country’s shipbuilding units in...
Sales volume in the ship recycling market has remained in low level territory, however an increase in prices offered, could help spark a trend reversal in the coming week. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the world’s leading cash buyers of ships, said that “ship...
https://www.hellenicshippingnews.com/price-increase-could-trigger-more-ship-recycling-sales/