krogragg

Category: Greece

  • Costamare orderbook hits 10 in 3,100 teu series

    Costamare orderbook hits 10 in 3,100 teu series Greek containership tonnage provider Costamare has expanded its newbuilding programme in China, adding four more 3,100 teu vessels to its growing series. The New York-listed owner, led by Konstantinos Konstantakopoulos, said it has signed up for the construction of the additional ships at a Chinese yard, with…

  • Diana rolls panamax bulker into improved SwissMarine fixture

    Diana rolls panamax bulker into improved SwissMarine fixture New York-listed Greek dry bulk owner Diana Shipping has fixed one of its panamax units on a fresh time charter, locking in a stronger rate as the ship rolls off its current employment. The 77,525 dwt ice-class Crystalia has been chartered to SwissMarine at $16,200 per day,…

  • Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf

    Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf A suezmax deal concluded last week already looks well-timed amid a rapidly shifting geopolitical backdrop.  Two years ago, UAE-based VLKR Ship Management acquired the 156,000 dwt Karvounis (built 2013, Sumitomo), paying $67.5m for the scrubber-fitted Japanese unit and renaming it…

  • Marinakis tanker spin-off boosts Oslo IPO

    Marinakis tanker spin-off boosts Oslo IPO Capital Tankers Corp has increased the size of its Oslo private placement to $500m after strong investor demand, ahead of a planned listing on Euronext Growth Oslo next month. The tanker owner, backed by Capital Maritime & Trading Corp, said the share sale was multiple times oversubscribed, prompting the…

  • Marinakis spins out tanker arm for $345m Oslo raise

    Marinakis spins out tanker arm for $345m Oslo raise Greece’s Capital Tankers Corp, a tanker owner linked to Evangelos Marinakis-led Capital Maritime & Trading, is preparing to list in Oslo, backed by a large crude tanker orderbook and plans to raise up to about $345m. The Athens-based owner aims to raise the NOK equivalent of…

  • Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline

    Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline New York-listed tanker owner Top Ships has agreed to acquire nine ECO MR product/chemical tanker newbuildings backed by long-term charter employment, in a deal carrying a potential revenue backlog of about $679m. The Greece-based owner said it will acquire 100% of the shares in nine…

  • Navios lines up $134m capesize duo

    Navios lines up $134m capesize duo New York-listed Navios Maritime Partners has moved to expand its dry bulk footprint, lining up two Japanese newbuilding capesizes under long-term bareboat-in arrangements. The Angeliki Frangou-led owner said in its quarterly earnings report it agreed to take the scrubber-fitted vessels from an unrelated third party on 12-year bareboat contracts.…

  • Costamare locks in $940m with 12 forward charters

    Costamare locks in $940m with 12 forward charters Greek container tonnage provider Costamare has locked in nearly $1bn in fresh contracted revenues after fixing 12 vessels on a forward basis for periods stretching up to eight years. The Konstantinos Konstantakopoulos-led group said in its quarterly earnings report the new deals will generate about $940m in…

  • Seanergy adds two bulkers to newbuild slate

    Seanergy adds two bulkers to newbuild slate US-listed Greek owner Seanergy Maritime has expanded its newbuilding programme, signing for two additional capesize-class vessels at Chinese yards and lifting its total investment in new tonnage to about $226m. The Stamatis Tsantanis-led company, which placed its first-ever newbuilding order in October, has now lined up three large…

  • Performance Shipping seals second try sale of its oldest tanker

    Performance Shipping seals second try sale of its oldest tanker Nasdaq-listed Greek owner Performance Shipping has agreed the sale of its oldest tanker for $35.65m, securing a deal months after an earlier disposal attempt tied to an offshore conversion project fell through. The company has struck a deal with an unnamed buyer for the 2009-built…

  • Almi Marine back in newbuild arena with ultramax pair

    Almi Marine back in newbuild arena with ultramax pair Greek dry bulk player Almi Marine Management has returned to the newbuilding market after a four-year break, booking two next-generation ultramax bulk carriers in China. Managing director Christos Hadjigeorgiou confirmed on social media the company has signed a contract with Nantong Cosco KHI Ship Engineering (NACKS)…

  • Chevron, Helleniq Energy win leases to explore four blocks offshore Greece

    Chevron, Helleniq Energy win leases to explore four blocks offshore Greece U.S.-headquartered Chevron, through its four Dutch subsidiaries, and Greece’s Helleniq Energy have signed lease […] The post Chevron, Helleniq Energy win leases to explore four blocks offshore Greece appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Safe Bulkers banks $35m from capsize sale

    Safe Bulkers banks $35m from capsize sale New York-listed Greek owner Safe Bulkers has sold a 14-year-old capesize as it presses ahead with its fleet renewal programme. The company said it has agreed to dispose of the 2012 Chinese-built Michalis H for $35.2m. Delivery to the new owner is scheduled within the first quarter of…

  • Maran Dry returns to newbuilds with capesize order at Hengli

    Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China’s Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options…

  • Euroseas extends feeder charter at higher rate

    Euroseas extends feeder charter at higher rate Nasdaq-listed Euroseas has secured a new time charter for one of its feeder containerships, locking in a higher rate in what it describes as a firm feeder market. The 2007-built 1,740 teu EM Spetses has been fixed for a minimum of 22 months and up to 24 months…

  • Capital orders 11 VLCCs in China

    Capital orders 11 VLCCs in China Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of…

  • Dynacom steps up suezmax expansion with nine Hengli newbuilds

    Dynacom steps up suezmax expansion with nine Hengli newbuilds George Procopiou is pressing ahead with his tanker expansion, placing an order for nine suezmax newbuildings at China’s Hengli Shipbuilding. According to a stock exchange filing by Songfa Ceramics, the parent company of Hengli Shipbuilding, Dynacom Tankers Management has secured nine of the ten 158,000 dwt…

  • Minerva books suezmax brace at Hengli

    Minerva books suezmax brace at Hengli Greek owner Minerva Marine has returned to China’s Hengli Shipbuilding with an order for two suezmax crude tankers, continuing its steady fleet expansion across multiple segments. The deal covers two 158,000 dwt vessels, with a total contract value in the range of $160m to $200m, putting the unit price…

  • Tsakos lines up return to LNG newbuilds in South Korea

    Tsakos lines up return to LNG newbuilds in South Korea Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two…

  • Splash Wrap: Ports in a storm

    Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New…

  • Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase

    Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase Peter Georgiopoulos and Leo Vrondissis-led United Overseas Group is diversifying from its tanker base, announcing it is buying Norvic Shipping’s commercial platform and nine Japanese-built bulkers. The acquisition via the group’s trading arm transfers the entire issued share capital of Norvic Shipping Europe, Norvic Shipping…

  • Pistiolis in for 10 MR tanker newbuilds in China

    Pistiolis in for 10 MR tanker newbuilds in China Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first…

  • Diana locks in higher rates in Cobelfret charter extension

    Diana locks in higher rates in Cobelfret charter extension New York-listed Greek dry bulk owner Diana Shipping has secured a direct continuation of the charter for its post-panamax, keeping the vessel employed with operator Cobelfret. Under the new deal, the 98,697 dwt Amphitrite will earn a gross rate of $13,000 per day for the first…

  • Posidonia turns into a month-long shipping marathon

    Posidonia turns into a month-long shipping marathon Posidonia has a new record to go alongside its position as the world’s most famous shipping show. The 2026 edition of the Greek shipping showcase is set to run across nearly a month of activity, as organisers stretch the event into a three-week programme of conferences, meetings, networking,…

  • Signal Ocean snaps up AXSMarine

    Signal Ocean snaps up AXSMarine Signal Ocean has made a move to tighten its grip on shipping data and software, announcing the acquisition of French-based SaaS specialist AXSMarine. The deal brings together two well-known names in freight, market and commodities tracking, and underlines Signal Ocean’s plan to speed up product development and deepen its role…

  • TMS Cardiff Gas expands LNG orderbook with Chinese deal

    TMS Cardiff Gas expands LNG orderbook with Chinese deal Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options…

  • JHI Steamship widens tanker bet with HD Hyundai suezmaxes

    JHI Steamship widens tanker bet with HD Hyundai suezmaxes Greek shipowner JHI Steamship has stepped up its tanker expansion with an order for two suezmax newbuildings at HD Hyundai Samho Heavy Industries in South Korea. The 157,000 dwt crude carriers are scheduled for delivery between the fourth quarter of 2028 and the second quarter of…

  • Alpha Gas inks $500m LNG carrier order at Hanwha Ocean

    Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea’s Hanwha Ocean.T The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose…

  • Danaos steps into LNG with Alaska project tie-up

    Danaos steps into LNG with Alaska project tie-up Greek owner Danaos is widening its reach beyond boxships and bulkers after striking a strategic partnership with US energy infrastructure player Glenfarne Group on the Alaska LNG project. The Nasdaq-listed company said it will invest $50m in development capital through Glenfarne Alaska Partners, while also lining up…

  • Okeanis Eco Tankers lines up fresh suezmax resales

    Okeanis Eco Tankers lines up fresh suezmax resales Greek tanker owner Okeanis Eco Tankers is looking to further expand its suezmax fleet, unveiling plans to acquire two newbuilding resales in South Korea alongside a proposed equity offering. The New York- and Oslo-listed company, controlled by the Alafouzos family, said it has signed a deal to…

  • Performance locks in long-term aframax cover

    Performance locks in long-term aframax cover Performance Shipping has secured long-term cover for one of its aframax tankers, fixing the P Monterey on a three-year time charter. The Nasdaq-listed Greek owner said it has entered into the contract with PBF Holding, a subsidiary of US refiner PBF Energy. The deal will see the 2011-built 105,525…

  • Diana ups pressure on Genco with full board challenge

    Diana ups pressure on Genco with full board challenge A full-blown boardroom fight is taking shape in the dry bulk sector after Diana Shipping moved to nominate an entirely new slate of directors at Genco Shipping & Trading, escalating a standoff over consolidation and control. Athens-based Diana, which owns about 14.8% of Genco, said it…

  • Diana Shipping scores second fixture of the year with Bunge deal

    Diana Shipping scores second fixture of the year with Bunge deal Greek bulker owner Diana Shipping has secured a new charter deal for its ultramax bulker DSI Altair, fixing the vessel to commodities group Bunge. The New York-listed company said the contract was agreed at $14,750 per day, less a 5% commission, for a period…

  • Polemis tied to suezmax order in China

    Polemis tied to suezmax order in China Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking…

  • Diana locks in higher rate in new Paralos kamsarmax deal

    Diana locks in higher rate in new Paralos kamsarmax deal Diana Shipping has secured follow-on employment for one of its kamsarmax bulkers, fixing the Maia on a direct continuation time charter with Paralos Shipping. The New York-listed Greek owner said the vessel will earn $14,000 per day, less a 5% commission, under a contract running…

  • EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands

    EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands The European Investment Bank (EIB) has approved a €490 million financing for an interconnection […] The post EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands appeared first on Offshore Energy. Nadja Skopljak Go…

  • Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea

    Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea. The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for…

  • Monte Nero expands tanker play with LR2 order in China

    Monte Nero expands tanker play with LR2 order in China Greek interests remain active in the newbuilding market, with Monte Nero Maritime securing a pair of LR2 product tanker orders at China’s fast-growing Hengli Shipbuilding. In a regulatory filing over the weekend, Songfa Ceramics, the Shanghai-listed parent of Hengli Shipbuilding, disclosed that the yard has…

  • Diana Shipping adds another period fixture to bulker slate

    Diana Shipping adds another period fixture to bulker slate Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day,…

  • Venergy steps into boxships with feeder newbuild deal in China

    Venergy steps into boxships with feeder newbuild deal in China Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels…

  • Navios Partners rolls out new leadership structure

    Navios Partners rolls out new leadership structure Navios Maritime Partners has announced a series of senior leadership changes as the New York-listed diversified owner reshapes its top management structure under chairwoman and chief executive Angeliki Frangou. At the centre of the move is the creation of an office of the chairwoman, designed to bring senior…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • Euroseas banks multi-year cover for boxship trio

    Euroseas banks multi-year cover for boxship trio Greek boxship owner Euroseas has secured three forward charters for its modern 2,800 teu feeder ships, locking in multi-year employment well ahead of schedule. The Nasdaq-listed firm said the 2024-built Leonidas Z, 2023-built Gregos and 2023-built Terataki have all been fixed for 35 to 37 months at a…

  • Mintra moves deeper into Greek maritime market with SQLearn acquisition

    Mintra moves deeper into Greek maritime market with SQLearn acquisition Norway’s Mintra has strengthened its position in maritime e-learning with the acquisition of Greek digital training specialist SQLearn, marking another step in its push to support the sector’s ongoing shift toward digital learning and competency management. Mintra said the deal adds scale and depth to…

  • Signal Maritime steps into dry bulk with Bluepool deal

    Signal Maritime steps into dry bulk with Bluepool deal Tanker pool manager Signal Maritime Services is moving into the dry bulk market through a strategic investment in Bluepool, a fast-growing operator running panamax and supramax pools. Unveiled in early 2022, Bluepool currently manages 21 vessels and has been expanding its presence in both the panamax…

  • Performance Shipping keeps oldest tanker as FPSO conversion bid fails

    Performance Shipping keeps oldest tanker as FPSO conversion bid fails Greek tanker owner Performance Shipping has confirmed that the planned forward sale of its 2009-built aframax P Sophia has fallen through after the vessel was not selected for an offshore conversion project. The company said the buyer, an unnamed third party, informed it that the…

  • Diana Shipping fixes capesize to Glencore

    Diana Shipping fixes capesize to Glencore Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November…

  • Diana Shipping scores double ultramax fixture

    Diana Shipping scores double ultramax fixture Diana Shipping has added fresh period cover to its ultramax fleet after fixing two vessels on multi-year time charters at rates slightly above their previous employment. The Athens-based owner said its 2015-built DSI Pollux has been fixed to Stone Shipping at a dayrate of $14,750, less 5% commission. The…

  • Economou ramps up boxship ordering spree

    Economou ramps up boxship ordering spree Greek owner George Economou’s TMS Group is set to boost its containership fleet with another wave of LNG dual-fuel newbuildings at China’s Zhoushan Changhong International Shipyard. Industry sources say TMS is planning up to 10 neo-panamax vessels of 11,400 teu, including eight fixed orders and two options, with deliveries…

  • Global Ship Lease snaps up three boxships in $90m deal

    Global Ship Lease snaps up three boxships in $90m deal New York-listed boxship owner Global Ship Lease (GSL) has moved to expand its fleet, striking a deal to buy three 8,600 teu vessels for a combined $90m. The vessels — Korean-built in 2010 and 2011 and fitted with ECO upgrades — come with charters already…

  • Top Ships lines up $200m Dubai property grab from CEO

    Top Ships lines up $200m Dubai property grab from CEO Greece’s Top Ships is preparing to diversify again with a move into Dubai real estate through a deal tied to its chief executive and major shareholder, Evangelos Pistiolis. The New York-listed tanker owner has signed a letter of intent to acquire all or part of…

  • Greek owner Super-Eco Tankers signs four-ship MR order in China

    Greek owner Super-Eco Tankers signs four-ship MR order in China Greek tanker owner Super-Eco Tankers Management has returned to the newbuilding market with an order for up to four MR product and chemical tankers in China, marking the company’s first newbuild investment in more than two years. The Piraeus-based company has signed a 2+1+1 order…

  • Evalend adds to expanding suezmax line-up

    Evalend adds to expanding suezmax line-up Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood…

  • Diana Shipping tables buyout offer for Genco

    Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its…

  • Atlas Maritime revealed as seller in $194m Okeanis suezmax deal

    Atlas Maritime revealed as seller in $194m Okeanis suezmax deal Greek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star.  The New York- and…

  • Diana offloads stalled ultramax

    Diana offloads stalled ultramax Diana Shipping has managed to seal a long-delayed exit from an ultramax after a previous sale collapsed, while also locking in a higher-paying charter for one of its capesizes. The New York-listed owner said the 2016-built 63,500 dwt DSI Drammen has been sold to an unrelated buyer for about $26.4m before…

  • Okeanis Eco Tankers moves for two suezmax resales in $194m deal

    Okeanis Eco Tankers moves for two suezmax resales in $194m deal Greek owner Okeanis Eco Tankers is moving to expand its crude fleet with the purchase of two suezmax newbuilding resales, backed by a planned share issue to help finance the deal. The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed…

  • Star Bulk confirms three kamsarmax newbuilds at Hengli

    Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively…

  • Atlantic Bulk Carriers back for four more ultramaxes in China

    Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore…

  • United Maritime locks in fresh fixtures amid firming dry bulk market

    United Maritime locks in fresh fixtures amid firming dry bulk market United Maritime has lined up new employment for its bulk carriers as it positions for a stronger fourth quarter and a firmer outlook for panamax and kamsarmax earnings. The Nasdaq-listed Greek owner, led by Stamatis Tsantanis (pictured), said it has secured new charter deals…

  • JME returns to New Dayang for another bulker newbuild

    JME returns to New Dayang for another bulker newbuild Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63…

  • Diana Shipping clinches capesize charter upgrade with Norden

    Diana Shipping clinches capesize charter upgrade with Norden Greek bulker owner Diana Shipping has locked in a fresh charter for its 2015-built capesize Santa Barbara at a higher rate with Danish shipowner and operator Norden. The 179,426 dwt vessel will earn $25,500 per day, minus 5% commission, for a period running from a minimum of…

  • Venture Global boosting Greece’s energy security with long-term LNG supply

    Venture Global boosting Greece’s energy security with long-term LNG supply Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has executed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Atlantic-See LNG, a newly formed joint venture between Greek companies AKTOR and DEPA. The post Venture Global…

  • EuroHoldings makes first move into tankers with MR buy from Latsco

    EuroHoldings makes first move into tankers with MR buy from Latsco EuroHoldings, the Nasdaq-listed offshoot of Greek containership owner Euroseas, has taken its first step into the tanker market with the acquisition of an MR product carrier from fellow Latsis family company Latsco Shipping. The 2015-built, 49,997 dwt Hellas Avatar will change hands for $31.83m,…

  • Diana Shipping nets $12.5m from fresh MOL and Bunge charters

    Diana Shipping nets $12.5m from fresh MOL and Bunge charters Greek dry bulk owner Diana Shipping has sealed a fresh charter deal with MOL Ocean Bulk and extended another with Bunge, adding up to around $12.5m in gross revenue for the two vessels. The New York-listed company said it fixed its 2012-built 206,104 dwt newcastlemax…

  • Costamare lifts Chinese newbuild series to six boxships

    Costamare lifts Chinese newbuild series to six boxships Greek containership owner Costamare has expanded its newbuilding programme in China, adding two more 3,100 teu vessels to its growing series. The New York-listed company said in its third-quarter earnings report that the vessels are scheduled for delivery in the first quarter of 2028 from an undisclosed…

  • Greek owner JHI Steamship books aframax tankers in South Korea

    Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027–2028. The deal, valued at…

  • Capital Maritime adds capesize brace to expanding Chinese orderbook

    Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China’s Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is…

  • Yinson takes Maran VLCC

    Yinson takes Maran VLCC Singapore’s Yinson Production has quietly extended its footprint into the VLCC segment, sealing a deal with Greek powerhouse Angelicoussis Group for the 317,100 dwt Maran Antares (built 2012, Daewoo). The price remains undisclosed, though VesselsValue estimates the ship’s market worth at around $68m — marking Yinson’s youngest tanker purchase to date. …

  • Metrostar sails out of crude trade with double suezmax sale

    Metrostar sails out of crude trade with double suezmax sale Greek shipowner Metrostar Management has sold its final two suezmax tankers to compatriot Delta Tankers, marking its full exit from the crude carrier business. Brokers said the Theodore Angelopoulos-led outfit has offloaded the 2021-built, 156,800 dwt Crude Levante and Crude Zephyrus, both constructed at New…

  • Oceanbulk linked to boxships comeback

    Oceanbulk linked to boxships comeback Greek shipowner Petros Pappas is edging back into the container market, with his privately held firm Oceanbulk reportedly striking a deal for a pair of feeder newbuildings in China. Shipbuilding and market sources have tied Oceanbulk to a contract for two 3,100 teu boxships at Zhoushan Changhong International Shipyard, priced…

  • Alberta Shipmanagement makes boxship debut with Chinese newbuild order

    Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…

  • Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds

    Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds Two Greek shipowners have placed fresh orders in China as Hengli Heavy Industries continues to build its orderbook with European tonnage. The Dalian-based shipyard confirmed contracts for five bulk carriers worth around $211m from US-listed Seanergy Maritime and Eastern Mediterranean Maritime (Eastmed). Seanergy,…

  • DeepSea: The autonomy age is here

    DeepSea: The autonomy age is here 2026 will be the year autonomy takes off in cargo shipping, specifically with regards to propulsion automation, followed by full navigation automation in the forthcoming years, predicts Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, one of maritime’s best-known AI brands. A number of leading ship operators have been quietly working…

  • Navios Partners nets $69m from vessel sales as it boosts charter cover

    Navios Partners nets $69m from vessel sales as it boosts charter cover Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed…

  • Minerva ups the ante in boxship market with fresh newbuild series

    Minerva ups the ante in boxship market with fresh newbuild series Greek owner Minerva Dry is stepping deeper into the container sector, ordering a new series of 3,000 teu ships in China — its largest boxships to date. Shipbuilding sources said Andreas Martinos-led Minerva Dry has inked a deal with Penglai Zhongbai Jinglu Ship Industry…

  • ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds

    ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships — one chartered from Avenir LNG…

  • Dynacom snaps up four Hengli VLCC resales

    Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China’s Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group…

  • Capital Offshore and United Offshore Support combine OSV fleets under new JV

    Capital Offshore and United Offshore Support combine OSV fleets under new JV Greek OSV owner Capital Offshore has acquired 50% of shares in German OSV management specialist United Offshore Support (UOS) from Hayfin Capital Management. Completion of the transaction is subject to regulatory approvals. Upon closing, the company will operate under the new name UOS…

  • Capital Maritime emerges behind HD Hyundai Mipo feeder orders

    Capital Maritime emerges behind HD Hyundai Mipo feeder orders Evangelos Marinakis-led Capital Maritime Group has been linked to the latest round of feeder containership contracts at HD Hyundai Mipo Dockyard in South Korea. Shipbuilding sources said the Greek owner is behind orders for two 2,800 teu units priced at around $56.9m each and one 1,800…

  • Genco adopts poison pill to limit hostile takeovers

    Genco adopts poison pill to limit hostile takeovers US-based dry bulk owner Genco Shipping & Trading has adopted a limited-duration shareholder rights plan designed to prevent a takeover of the company. The rights plan is effective immediately and has a one-year duration expiring on September 30, 2026. Pursuant to the plan, Genco will issue one right…

  • Diana Shipping doubles down on Genco stake with $103m outlay

    Diana Shipping doubles down on Genco stake with $103m outlay Greek dry bulk owner Diana Shipping has lifted its holding in New York-listed peer Genco Shipping & Trading to nearly 15%, becoming the company’s largest known shareholder. Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September…

  • Costamare and Cargill set course for joint dry bulk ventures

    Costamare and Cargill set course for joint dry bulk ventures Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector’s largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering…

  • Latsco ends MR order drought with K Shipbuilding deal

    Latsco ends MR order drought with K Shipbuilding deal Greek shipowner Latsco Shipping has returned to the product tanker newbuilding market after nearly a decade, with sources linking the company to a fresh order at South Korea’s K Shipbuilding. Shipbuilding players in Athens and Seoul said Latsco, controlled by the Latsis family and led by…

  • Diana Shipping charters out kamsarmax to NYK Line

    Diana Shipping charters out kamsarmax to NYK Line Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels. The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus…

  • Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework

    Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading,…

  • EuroDry sheds 21-year-old panamax

    EuroDry sheds 21-year-old panamax Nasdaq-listed Greek dry bulk owner EuroDry has sold one of its panamax vessels to an undisclosed buyer. The Aristides Pittas-led company said that it signed an agreement to sell the 2004-built 76,466 dwt Eirini P. bulker to an unaffiliated third party. According to the company, the vessel was sold for approximately…

  • Minerva Marine firms up feeder options at Yangzijiang

    Minerva Marine firms up feeder options at Yangzijiang Minerva Marine has added two more feeder container ships to its orderbook at Yangzijiang Shipbuilding, lifting the total number of firm newbuildings in its programme to six. The Greece-based owner, led by Andreas Martinos, has now firmed up a second pair of 1,800 teu vessels at the…

  • Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture

    Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture Tor Olav Trøim is ramping up his return to the tanker business with plans to take a new VLCC venture public, backed by a roster of well-known shipping names. Trøim’s Oslo-listed vehicle Bruton is preparing to merge its two dual-fuel VLCC newbuildings…

  • Tsakos adds to VLCC orderbook at Hanwha Ocean

    Tsakos adds to VLCC orderbook at Hanwha Ocean Greece’s Tsakos Energy Navigation (TEN) has expanded its VLCC newbuilding programme at South Korea’s Hanwha Ocean, adding one firm vessel and securing an option for a fourth. The new order builds on the two 320,000 dwt units TEN booked at the yard earlier this year. Those ships,…

  • Navios Partners snaps up boxship newbuild resales in $460m deal

    Navios Partners snaps up boxship newbuild resales in $460m deal Greece’s Navios Maritime Partners has confirmed its latest move in the boxship newbuilding market with four ships snapped up in a $460m resale deal. The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party.…

  • The winners and losers among European ports from this year’s liner alliance reshuffle

    The winners and losers among European ports from this year’s liner alliance reshuffle At the start of the year, there was the largest alliance reshuffle among global liners in more than a decade. As the year has progressed, it has become apparent that this redrawing of the global liner map has had some winners and…

  • Evalend swells suezmax orderbook in South Korea

    Evalend swells suezmax orderbook in South Korea Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected…

  • One of world’s deepest interconnections to enter commercial operation in two months

    One of world’s deepest interconnections to enter commercial operation in two months The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a […] The post One of world’s deepest interconnections to enter commercial operation in two months appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Euroseas adds to 4,300 teu newbuild series

    Euroseas adds to 4,300 teu newbuild series Greek containership owner Euroseas has returned to Jiangsu New Yangzi Shipbuilding in China for two additional 4,300 teu newbuilds. The Nasdaq-listed company said the vessels, priced at about $59.25m apiece, are due for delivery in March and May 2028. Financing will be arranged through a mix of debt…

  • TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders

    TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life. The South Korean yard confirmed this week it had secured contracts for six 174,000 cu m…

  • Performance Shipping tanker heads to Pakistan under year-long charter

    Performance Shipping tanker heads to Pakistan under year-long charter Greece’s Performance Shipping has secured a fresh time charter for one of its tankers, agreeing a year-long fixture with Pakistan National Shipping Corporation (PNSC). The 105,304 dwt LR2/aframax P Aliki has been fixed at a daily rate of $30,000 for a firm period of 12 months,…

  • Diana Shipping charters out post-panamax to Oldendorff

    Diana Shipping charters out post-panamax to Oldendorff Greek bulker owner Diana Shipping has entered into a time charter contract with Oldendorff Carriers for one of its post-panamax vessels. The company hired the 2012-built, 98,704 dwt bulker Polymnia. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until a minimum…

  • Diana Shipping re-fixes ultramax to Cargill at lower rate

    Diana Shipping re-fixes ultramax to Cargill at lower rate New York-listed Greek bulker owner Diana Shipping has secured a fresh charter deal with Cargill for one of its ultramaxes, albeit at a slightly reduced rate compared to its previous contract. The Semiramis Paliou-led company has fixed the 60,508 dwt DSI Pegasus until at least May…

  • Centrofin builds out dry bulk orderbook at Hengli

    Centrofin builds out dry bulk orderbook at Hengli Greek bulker and tanker owner Centrofin is expanding its presence in the dry segment with a pair of kamsarmax newbuildings added to the orderbook. The Dimitris Procopiou-led company has upped its newbuilding programme at China’s Hengli Heavy Industry to eight 82,000 dwt units, following the initial order…