Hellenic Shipping News.

The ship recycling market is looking for additional catalysts to pick up pace. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships globally said that “this week, recycling markets across regions like South Asia and Turkiye remained largely subdued, showing mixed trends. In India, a modest post-festival demand ... […]

Increased levels of newbuilding contracting activity seem to be the norm during 2024 and last week was no exception. In its latest weekly report, shipbroker Banchero Costa said that “the newbuild tanker sector remains busy. Cosco Shipping Energy Transportation (CSET) secured 6 x 307,000 dwt VLCCs (conventional fuel propulsion) at Dalian Shipbuilding Industry. The vessels ... […]

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has mailed proxy materials to shareholders in connection with its upcoming 2024 Annual General Meeting of Shareholders (the “Annual Meeting”), scheduled to be held on December 17, 2024. Shareholders of record as of the close of business on ... […]

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three and nine-month periods ended September 30, 2024. Total net revenues for the quarter of $14.7 million. Net loss attributable to controlling shareholders, of $4.2 million or $1.53 loss per share basic ... […]

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company’s common stock. If the maximum number of shares of the Company’s common stock are purchased pursuant to ... […]

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, announced its unaudited financial and operating results for the third quarter and nine months ended September 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short term durations, producing steady cash flows, while our Aframax ... […]

The Cyprus Shipping Chamber, participated at the high-level Hong Kong Global Maritime Trade Summit organised by the International Chamber of Shipping (ICS) in partnership with the Transport and Logistics Bureau of the Government of Hong Kong and the Hong Kong Shipowners Association, ahead of the formal opening of Hong Kong Maritime Week, on 17 – ... […]

The container shipping market appears to be set for a fruitful period ahead. In its latest weekly report, shipbroker Intermodal said that “building on the strong performance observed over the summer, the containership markets remain in solid shape as we head into the pre-holiday season. This positive trajectory is underpinned by several key factors, shaping ... […]

For over three decades, Marasco Marine Ltd has been at the forefront of marine insurance, evolving to meet the complex needs of today’s shipping industry. Founded in 1991, Marasco has earned its reputation by combining technical expertise, strategic foresight, and a dedicated risk prevention culture, all backed by a specialized advisory board. This is more ... […]

HEMEXPO – Hellenic Marine Equipment Manufacturers and Exporters – is celebrating its 10th anniversary, in a milestone for an organisation which has become one of Europe’s leading supplier associations for international shipping. Established in 2014 with the objective of creating a platform to unify the previously-fragmented marine equipment manufacturing sector in Greece, the association initially ... […]