krogragg

Category: Greece

  • Diana Shipping reaches near 10% stake in Genco

    Diana Shipping reaches near 10% stake in Genco Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In…

  • Costamare reveals four-ship newbuild play in China

    Costamare reveals four-ship newbuild play in China Greek containership owner Costamare is the latest liner player to return to the newbuilding market, revealing an order for four 3,100 teu vessels from an undisclosed Chinese shipyard. The New York-listed company said in its second-quarter earnings that the newbuilds will deliver between the second and fourth quarters…

  • Asso.subsea scores cabling work for TenneT off Germany

    Asso.subsea scores cabling work for TenneT off Germany Greece-based offshore contractor Asso.subsea has been awarded the nearshore cable installation scope for TenneT’s three projects offshore Germany. The three projects are part of TenneT’s 2GW program and include BalWin4, LanWin1, and LanWin5, located off the northwestern coast of Baltrum Island. This also marks the beginning of…

  • Diana Shipping takes softer rate on new kamsarmax fixture

    Diana Shipping takes softer rate on new kamsarmax fixture Hot on the heels of ultramax charter deal with Cargill, Greece’s Diana Shipping has fixed one of its kamsarmaxes to Singapore-based Propel Shipping, accepting a reduced dayrate compared to the vessel’s previous employment. The New York-listed dry bulk outfit with 36 ships in its fleet has…

  • Safe Bulkers offloads ageing kamsarmax

    Safe Bulkers offloads ageing kamsarmax Greek dry bulk owner Safe Bulkers has sold one of its oldest vessels as it makes room for a wave of newbuild deliveries. The New York-listed firm is offloading the 2007 Tadotsu Tsuneishi-built kamsarmax Pedhoulas Leader to an undisclosed buyer for $12.5m. The 82,300 dwt bulker, estimated by online pricing…

  • Capital Maritime takes option on HD Hyundai Mipo boxship brace

    Capital Maritime takes option on HD Hyundai Mipo boxship brace Greece’s Capital Maritime has firmed up an order for two more LNG dual-fuel 2,800 teu containerships at HD Hyundai Mipo Dockyard in South Korea, bringing its total number of newbuildings to 10. The deal is valued at around $113m, with deliveries expected in July and…

  • Diana seals Cargill ultramax fixture

    Diana seals Cargill ultramax fixture New York-listed Greek dry bulk owner Diana Shipping has signed a time charter agreement with Cargill’s shipping unit in Singapore, for one of its ultramax vessels. The 2017-built DSI Phoenix has been fixed from August 3, 2025, with a duration running from a minimum of October 1, 2026, to a…

  • Greece deploys salvage vessel to Red Sea amid renewed Houthi threats

    Greece deploys salvage vessel to Red Sea amid renewed Houthi threats Greece has dispatched a salvage vessel to the Red Sea in response to a spike in maritime attacks by Yemen’s Houthi militants, including the recent sinkings of two Greek-operated bulk carriers. The deployment comes as part of emergency measures to protect seafarers and safeguard…

  • Livestock carrier comes under fire off Yemen

    Livestock carrier comes under fire off Yemen The 49-year-old Comoros-flagged livestock carrier Merinos Livestock was approached today by a wooden boat approximately 35 nautical miles south-southwest of Hodeidah, Yemen, according to maritime security specialist Vanguard Tech. The captain reported that the small boat opened fire and instructed them to proceed to Mokha, Vanguard Tech related…

  • Moscow orders ship hull sweeps after surge in mystery blasts

    Moscow orders ship hull sweeps after surge in mystery blasts Russia’s state-run port operator FSUE Rosmorport has announced a RUB 3.16 billion ($39.5m) tender to inspect the underwater sections of vessels at key Baltic Sea ports amid mounting concerns over maritime sabotage. The sweeping safety initiative follows a string of mysterious explosions on merchant ships,…

  • Diana Shipping makes move on Genco with $46m stock play

    Diana Shipping makes move on Genco with $46m stock play Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired…

  • Chartworld eyes New Dayang boxships

    Chartworld eyes New Dayang boxships Greece’s Chartworld Shipping is returning to the newbuilding arena with plans to bolster its container fleet, reportedly lining up a deal for a quartet of 3,100 teu vessels at Chinese builder New Dayang. Athens-based shipbroking sources report that the Kollakis brothers-led diversified owner has signed a letter of intent covering…

  • Navios Maritime adds to South Korean boxship newbuild series

    Navios Maritime adds to South Korean boxship newbuild series Greece’s Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea’s HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, in a deal…

  • Heidmar enters ownership space with first boxship acquisition

    Heidmar enters ownership space with first boxship acquisition Athens-based pool operator and shipmanager Heidmar has announced its first-ever vessel acquisition, marking a strategic shift in the Nasdaq-listed company’s evolution from pure-play management to asset-backed operations. The Pankaj Khanna-led outfit has struck a deal to buy the 2008-built 1,702 teu feeder containership A Obelix for $25.25m.…

  • Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea

    Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea Venergy Maritime, the Greece-based tanker newcomer led by Vyron Vasileiadis, has placed its first newbuilding order, contracting two MR product tankers at South Korea’s K Shipbuilding. The firm order for the 50,000 dwt pair is for delivery in the first quarter of…

  • Limpet mine threat in the Mediterranean grows

    Limpet mine threat in the Mediterranean grows A series of suspected limpet mine attacks and unexplained blasts targeting commercial tankers in the Mediterranean has reignited concern over the evolving nature of maritime threats.  “These incidents – marked by stealth, ambiguity, and geopolitical undertones – signal a shift in the maritime risk landscape that demands a…

  • New consortium to explore floating nuclear power in the Mediterranean

    New consortium to explore floating nuclear power in the Mediterranean Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities in the Mediterranean Sea. The group will research how FNPPs…

  • Diana Shipping seals Cargill ultramax charter

    Diana Shipping seals Cargill ultramax charter New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes. The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris until July 21 next year at $12.500 per day. The charter starts on July 1…

  • Performance Shipping agrees refinancing deal with Greek bank

    Performance Shipping agrees refinancing deal with Greek bank Nasdaq-listed Greek tanker owner and operator Performance Shipping has agreed to the refinancing of an existing outstanding loan of $29.75m with compatriot Alpha Bank. Proceeds from the facility will be used to fully refinance the existing debt maintained with Alpha Bank, secured by the 2013-built aframax P.…

  • Latsco in for Huangpu Wenchong boxship brace

    Latsco in for Huangpu Wenchong boxship brace Greece’s Latsco Shipping is expanding its footprint in the containership sector with newbuildings in China. Shipbuilding sources in Greece have linked the Paris Kassidokostas-Latsis-led diversified owner, traditionally linked to tankers and gas carriers, to a deal for two 1,900 teu vessels at Huangpu Wenchong. The CSSC-affiliated yard is…

  • Aristides Pittas sells majority stake in EuroHoldings to Latsis-linked Marla Investments

    Aristides Pittas sells majority stake in EuroHoldings to Latsis-linked Marla Investments EuroHoldings, the NASDAQ-listed container shipping company spun off from Euroseas earlier this year, has announced a change in ownership following the sale of 51.04% of its outstanding common shares to Marla Investments, an entity affiliated with Greece’s Latsis family. The shares were sold by…

  • Performance Shipping charters out LR1 newbuild to Mercuria

    Performance Shipping charters out LR1 newbuild to Mercuria Nasdaq-listed Greek tanker owner and operator Performance Shipping has entered into a long-term time charter contract with Mercuria Energy Trading for a newbuilding LR1 tanker. Mercuria chartered the tanker for a firm period of four years, through early 2031, at a daily gross charter rate of $23,750.…

  • Diana ships out 15-year-old panamax

    Diana ships out 15-year-old panamax Greek bulker owner Diana Shipping has struck a deal to sell its 15-year-old panamax to an undisclosed buyer. The New York-listed company is offloading the 75,700 dwt Selina after more than nine years for $11.8m, before commissions. The Jiangnan Shanghai Changxing-built vessel, estimated at $12.35m by online pricing platform VesselsValue,…

  • DryDel inks ultramax order in Japan

    DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th…

  • Diana Shipping charters out panamax to Stone Shipping

    Diana Shipping charters out panamax to Stone Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its panamax vessels. The company hired the 2014-built, 77,529 dwt ice-class bulker Atalandi. The gross charter rate is $9,000 per day for the 35 days of the charter period…

  • OceanPal offloads its oldest bulker

    OceanPal offloads its oldest bulker Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier. The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions. The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17. Earlier this year, OceanPal sold the…

  • Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping

    Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Bohai Ocean Shipping for one of its newcastlemax vessels. The company hired the 2017-built, 208,021 dwt bulker Newport News. The gross charter rate is $25,000 per day, minus a 5% commission paid to third…

  • Capital Maritime adds to Korean boxship newbuild series

    Capital Maritime adds to Korean boxship newbuild series Greece’s Capital Maritime has firmed up a pair of 8,800 teu newbuildings in South Korea, lifting its recent containership orders to 20 ships worth nearly $1.6bn. Newbuilding brokers have named the Evangelos Marinakis-led company behind the two LNG dual-fuel units booked for construction at HD Hyundai Samho…

  • UN nuclear chief meets Greek shipping leaders to advance maritime nuclear propulsion

    UN nuclear chief meets Greek shipping leaders to advance maritime nuclear propulsion Rafael Mariano Grossi, director general of the International Atomic Energy Agency (IAEA), met with leading Greek shipowners on Thursday to explore the potential of nuclear-powered commercial vessels. The talks come as the UN agency launches ATLAS — Atomic Technology Licensed for Applications at…

  • Euroseas cashes in on 20-year-old post-panamax boxship

    Euroseas cashes in on 20-year-old post-panamax boxship Greek containership owner Euroseas is set to lock in a strong return by selling a 20-year-old post-panamax vessel acquired less than four years ago. The Nasdaq-listed company has offloaded the 2005 Koyo Dock-built 6,350 teu Marcos V to an undisclosed, unaffiliated buyer for $50m. Euroseas originally bought the…

  • Sedna expands with CompassAir buy

    Sedna expands with CompassAir buy UK-based technology firm Sedna has continued its expansion with the acquisition of Athens-based maritime workflow solutions provider, CompassAir. CompassAir, with a foothold in the Greek and Norwegian shipping sector, delivers expertise across the research, negotiation, and handover stages of the maritime trade lifecycle. The acquisition for an undisclosed sum will…

  • Star Bulk clears out five ageing supramaxes

    Star Bulk clears out five ageing supramaxes Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has confirmed sales of five older supramax vessels. The Athens-based company revealed in its first-quarter earnings report it had sold the 2005-built Star Omicron and the 2006-built Strange Attractor. Both ships have already been delivered and renamed Fu Chang and…

  • Minerva buys another modern boxship

    Minerva buys another modern boxship Greek owner Minerva has bought the three-year-old, 1,781 teu Mindoro boxship from Germany’s Briese Schiffahrt for $31.5m. The sale makes a tidy profit for the German owner, who ordered the ship in 2021 for $26m, according to data from Alphaliner. The ship has been renamed Little Symphony and it remains…

  • Capital Clean Energy Carriers lands long-term fixtures for LNG newbuilds

    Capital Clean Energy Carriers lands long-term fixtures for LNG newbuilds Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has secured long-term employment for two of its LNG carriers under construction in South Korea. The Nasdaq-listed company has fixed the 174,000 cu m at vessels to be named Athlos and Archon for five and seven years, respectively,…

  • Costamare ships out 15-year-old handy

    Costamare ships out 15-year-old handy New York-listed Greek owner Costamare has continued the trend of offloading smaller bulkers with another handysize set to exit the fleet. The Konstantinos Konstantakopoulos-led company is shipping out the 2010-built 31,775 dwt Resource, with delivery to an undisclosed new owner expected during the second quarter. Costamare bought the ship in…

  • Pyxis Tankers lines up funds for fleet growth

    Pyxis Tankers lines up funds for fleet growth Greek owner Pyxis Tankers has set out to potentially expand its fleet by up to two ships with the signing of a commitment letter for a bank loan of up to $45m. The Nasdaq-listed firm said it is eyeing modern product tankers between 45,000 dwt and 115,000…

  • Euroseas spinoff exploring strategic options including sale

    Euroseas spinoff exploring strategic options including sale Euroholdings, a Nasdaq-listed spinoff and subsidiary of Greek containership owner Euroseas, has initiated a search for strategic options for its business. The company, incorporated in March this year, said that its board, led by chairman Aristides Pittas, has launched a “comprehensive review of strategic alternatives to maximize shareholder…

  • SteelShips back for more K Shipbuilding product tankers

    SteelShips back for more K Shipbuilding product tankers Piraeus and New York-based owner SteelShips has signed up for a fresh pair of medium-range product tanker newbuilds in South Korea. Shipbuilding sources report the Nicholas Notias-led outfit has returned to its go-to yard, K Shipbuilding, for two more 50,000 dwt units with delivery expected in 2027.…

  • Geneva Dry Dialogues: HarborLab

    Geneva Dry Dialogues: HarborLab Antonis Malaxianakis, founder and CEO of HarborLab, a port cost management platform, is willing to do what few others in maritime tech dare – going public on return on investment (ROI) numbers, something he’ll also happily share with delegates attending Geneva Dry, due to open on April 28. HarborLab is an…

  • Diana Shipping fixes out panamax to China Resource Chartering

    Diana Shipping fixes out panamax to China Resource Chartering Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its panamax vessels. The company hired the 2013-built, 77,901 dwt bulker Ismene. The gross charter rate is $11,000 per day, minus a 5% commission paid to third…

  • Centrofin books four suezmaxes at Samsung Heavy

    Centrofin books four suezmaxes at Samsung Heavy Greece’s Centrofin has added tanker newbuildings to its orderbook in a deal with South Korean yard Samsung Heavy Industries. Shipbuilding sources have placed the Dimitris Procopiou-led company behind the order for four suezmaxes at about $83m per ship. Samsung announced the order without disclosing the owner, with deliveries…

  • Atlas and EMF cash in on car carrier newbuilds

    Atlas and EMF cash in on car carrier newbuilds Greek owner Atlas Maritime and Danish shipping investment firm European Maritime Finance (EMF) have confirmed a lucrative asset play involving at least one of their car carrier newbuildings. The duo has revealed the delivery of the 7,000 ceu Electric Star to Noatum Maritime for an undisclosed…

  • Euroseas seals long-term boxship charter at bumper rate

    Euroseas seals long-term boxship charter at bumper rate Greek containership owner Euroseas has bagged an improved long-term charter contract for one of its feeder vessels. The 2024 HD Hyundai Mipo-built 1,800 teu Monica has been fixed for two years plus two months of options at 23,500 per day – up from $16,000 the ship is…

  • Performance Shipping pens potential aframax sale deal

    Performance Shipping pens potential aframax sale deal Greece’s Performance Shipping has entered into a forward sale and exclusivity agreement with an unaffiliated third party for an aframax tanker. Under the agreement, the buyer ensured exclusive rights to submit a bid for the conversion of the P. Sophia tanker in an auction for the provision of…

  • ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal

    ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal Israeli carrier ZIM is bringing in 10 LNG dual-fuel containership newbuilds on long-term charter. The New York-listed company has struck deals worth in total about $2.3bn with George Economou’s TMS Group and a shipping player affiliated with Idan Ofer’s Kenon Holdings for a…

  • Tsakos presses on with fleet renewal

    Tsakos presses on with fleet renewal Greek owner Tsakos Energy Navigation (TEN) has confirmed market rumours about the sale of one of its oldest suezmax tankers with additional divestment of ageing tonnage potentially on the horizon as part of the company’s fleet renewal programme. The New York-listed company said in its quarterly earnings report that…

  • Seanergy strikes double sale and leaseback

    Seanergy strikes double sale and leaseback US-listed Greek capesize bulker specialist Seanergy Maritime has entered into sale and leaseback agreements with a Chinese financier for two of its vessels. The Stamatis Tsantanis-led company revealed in its annual report that the 2009-built Friendship and the 2010-built Squireship had been sold to China Huarong Shipping Financial Leasing,…

  • Performance Shipping flips aframax for $21.5m profit

    Performance Shipping flips aframax for $21.5m profit Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been…

  • Icon Energy bolsters fleet with modern ultramax

    Icon Energy bolsters fleet with modern ultramax Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter. The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025. The deal includes an advance…

  • Diana Shipping bags Cargill panamax fixture

    Diana Shipping bags Cargill panamax fixture Greek bulker owner Diana Shipping has landed another charter deal with Cargill, the New York-listed company’s fourth fixture with the commodities trading giant in just over a month. The Semiramis Paliou-led company has secured employment for the 2010-built panamax Leto from end-March through to July 16, 2026, and extension…

  • Bulker owner Diana Shipping makes LPG move

    Bulker owner Diana Shipping makes LPG move Greek bulker owner Diana Shipping has diversified into the gas shipping sector with an investment in a newly established joint venture, building two 7,500 cu m LPG carriers. The New York-listed company has signed up for 80% in the venture, called Ecogas Holding, which will see the two…

  • Euroseas fixes charter for 2007-built boxship

    Euroseas fixes charter for 2007-built boxship Nasdaq-listed Greek containership owner Euroseas has won a time charter contract for its 4,250 teu boxship Rena P. The charter is for a minimum period of 35 to a maximum period of 37 months, at the option of the charterer, at a gross daily rate of $35,500, in direct…

  • Tsakos confirms $2bn shuttle tanker deal with Transpetro

    Tsakos confirms $2bn shuttle tanker deal with Transpetro Greek owner Tsakos Energy Navigation (TEN) has confirmed a long-term charter deal with Petrobras’ logistics subsidiary Transpetro for a series of nine shuttle tanker newbuildings. The vessels, to be built at Samsung Heavy Industries in South Korea, have secured 15-year employment each with revenues for TEN estimated…

  • Jan De Nul and Hellenic Cables ink framework deal with National Grid

    Jan De Nul and Hellenic Cables ink framework deal with National Grid Belgium’s Jan De Nul and its Greek consortium partner Hellenic Cables, have signed a framework agreement with British utility National Grid for future HVDC cable projects across the UK and Europe. The deal will entitle the consortium to participate in upcoming tenders for…

  • HD Hyundai-built LNG carrier reflagged to Greece

    HD Hyundai-built LNG carrier reflagged to Greece Greece’s Capital Gas Ship Management has completed the registration process of a liquefied natural gas (LNG) carrier to the Greek registry. The post HD Hyundai-built LNG carrier reflagged to Greece appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • Diana Shipping fixes another kamsarmax to Cargill

    Diana Shipping fixes another kamsarmax to Cargill New York-listed Greek bulker owner Diana Shipping has secured its second Cargill charter within a month. The commodities giant is chartering in the 2010-built kamsarmax Medusa for up to 16 months. The 82,194 dwt Tsuneishi-built vessel, which earlier this year came off a long-term charter with ASL Bulk…

  • Costamare spinning off bulkers business

    Costamare spinning off bulkers business New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in…

  • Velos swoops on Easterly MR1

    Velos swoops on Easterly MR1 Greek owner Velos Shipping has bolstered its tankers business with a secondhand chemical carrier from Easterly Asset Management’s Maritime Logistics Equity Partners. Velos Tankers has snapped up the 2010-built 36,700 dwt MR1 Easterly Sirius for around $15.5m and renamed it Velos Rubini. The US-based Easterly bought the vessel from Hong…

  • Ciner Shipping decamps from Istanbul to Athens

    Ciner Shipping decamps from Istanbul to Athens One of Turkey’s largest shipowners is decamping to Greece. Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation. Ciner Shipping owns and operates a…

  • Cargill hires kamsarmax bulker from Diana Shipping

    Cargill hires kamsarmax bulker from Diana Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with commodities giant Cargill for one of its kamsarmax vessels. Cargill hired the 2010-built, 82,117 dwt bulker Myrsini. The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period…

  • Star Bulk ships out supramax

    Star Bulk ships out supramax Nasdaq-listed Star Bulk Carriers is offloading one of its 23 supramaxes. The Athens-based dry bulk giant revealed in its quarterly earnings report it had agreed to sell the 15-year-old Bittern. The buyer and the price of the 57,800 dwt vessel, estimated by S&P sources at about $11.8m, have not been…

  • Diana sells 15-year-old post-panamax and nets newcastlemax charter extension

    Diana sells 15-year-old post-panamax and nets newcastlemax charter extension Greece’s Diana Shipping has agreed to sell its 2010-built post-panamax bulker Alcmene for about $11.9m and secured a charter extension for one of its newcastlemaxes at a bumper rate. The New York-listed company said it will deliver the 93,193 dwt vessel to an undisclosed buyer by…

  • Globus Maritime continues ageing bulkers clearout

    Globus Maritime continues ageing bulkers clearout Nasdaq-listed Greek dry bulk owner Globus Maritime has continued the sell-off of older vessels as it makes room for fresh tonnage to join the fleet. The Athens-based firm is shipping out the 2007-built supramax River Globe for $8.55m before commissions. The 53,627 dwt vessel is the oldest in Globus’…

  • Euroseas agrees charter extension for feeder boxship

    Euroseas agrees charter extension for feeder boxship Nasdaq-listed Greek boxship owner Euroseas has inked a charter contract extension for one of its feeder containerships. Euroseas won a charter for the 1,740 teu EM Hydra for a minimum period of 24 to a maximum period of 26 months at the charterer’s discretion, at a gross daily…

  • Evalend tied to HD Hyundai Mipo LNG bunker newbuilds

    Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece’s Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan…

  • Danaos reveals order for boxship brace

    Danaos reveals order for boxship brace Greek owner Danaos has bolstered its newbuilding orderbook, adding two more vessels to its 9,200 teu series in China. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted CSSC-affiliated Huangpu Wenchong Shipbuilding in Guangzhou to deliver the newbuilds in 2027 at about $105m each. According to…

  • Melina Travlos re-elected as president of Union of Greek Shipowners

    Melina Travlos re-elected as president of Union of Greek Shipowners Melina Travlos has been re-elected for a second term as president of the Union of Greek Shipowners (UGS). The head of Neptune Group of companies, which includes carrier owner and operator Neptune Lines as well as a dry bulk outfit, Neptune Dry Management, will lead…

  • EuroDry sells veteran bulker for scrap

    EuroDry sells veteran bulker for scrap Nasdaq-listed Greek dry bulk owner EuroDry has offloaded its oldest vessel for demolition. The Aristides Pittas-led company is sending its 2000-built 75,100 dwt Tasos to a demo yard in Bangladesh for about $5m. The vessel, picked up by an undisclosed cash buyer, will be delivered between mid-February and mid-March…

  • Costamare reveals fresh bulker sale with panamax deal

    Costamare reveals fresh bulker sale with panamax deal Greek owner Costamare is shipping out one of its oldest bulkers as renewal of the owned fleet presses ahead. The New York-listed company has revealed the sale of its 2008-built panamax Rose with an expected exit from the fleet in the first or second quarter. The 76,619…

  • Euroseas fixes charter for boxship duo

    Euroseas fixes charter for boxship duo Nasdaq-listed Greek containership owner Euroseas has won new time charter deals for two of its boxships. The first contract is for the 2008-built Synergy Antwerp. The company stated that the contract will commence its charter after the completion of its present charter, expected sometime in May 2025. The second…

  • Economou’s TMS Group enters leasing deal for newest LNG carrier

    Economou’s TMS Group enters leasing deal for newest LNG carrier Japan’s SBI Leasing Services has partnered with France’s BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu…

  • Asso.subsea orders shallow-water cable layer from China

    Asso.subsea orders shallow-water cable layer from China Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It…

  • Performance Shipping extends aframax charter at lower rate

    Performance Shipping extends aframax charter at lower rate Greece’s Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport. The deal will see the deal for the 2011-built, 105,525 dwt tanker P. Monterey extended for 12 months. The charterer has the option to shorten or extend…

  • John Su looks to grow liner business

    John Su looks to grow liner business John Su-led Erasmus Shipinvest Group has unveiled plans to grow subsidiary Erasmus Lines.  The company has just taken delivery of the Ocean Echo, its first tween/MPP newbuilding from Imabari in Japan, with plans for more MPPs and containerships.  “To face the fast-moving geopolitically-impacted trades model and the increasing…

  • Euroseas spinoff offloads vintage boxship 

    Euroseas spinoff offloads vintage boxship  Euroholdings, a recently announced three-ship spinoff and subsidiary of Nasdaq-listed Greek containership owner Euroseas, has already offloaded one of its vessels. Aristides Pittas-led Euroseas said the 1998-built 2,008 teu Diamantis P had been sold and delivered to an undisclosed buyer for $13.15m. The ship was handed over on a charter-free…

  • Solebay extends charters for Diana Shipping bulker pair

    Solebay extends charters for Diana Shipping bulker pair Greek bulker owner Diana Shipping has won time charter extensions for two of its vessels with Solebay Shipping. The first extension is for the 2007-built, 174,261 dwt capsize bulker Semirio. The gross charter rate is $16,650 per day, minus a 5% commission paid to third parties, for…

  • Diana Shipping fixes out cape to SwissMarine

    Diana Shipping fixes out cape to SwissMarine Greek bulker owner Diana Shipping has entered into a time charter contract with SwissMarine for one of its capesize vessels. Stone Shipping hired the 2010-built, 177,773 dwt bulker New York. The gross charter rate is $17,600 per day, minus a 5% commission paid to third parties, for a…

  • Euroseas to spin off three older boxships into new US-listed vehicle

    Euroseas to spin off three older boxships into new US-listed vehicle Nasdaq-listed Greek containership owner Euroseas has revealed plans to spin off three of its oldest vessels into a separate publicly listed company. The Aristides Pittas-led tonnage provider with 27 ships on fully delivered basis will place the 1997-built Aegean Express, the 1998-built 2008 teu…

  • Globus Maritime bags sale and leaseback for ultramax newbuild

    Globus Maritime bags sale and leaseback for ultramax newbuild Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for…

  • Ukraine welcomes first US LNG cargo

    Ukraine welcomes first US LNG cargo Ukraine’s DTEK Group has taken delivery of its first liquefied natural gas (LNG) shipment from the United States which is expected to bolster the country’s energy security. The post Ukraine welcomes first US LNG cargo appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • Diana Shipping extends post-panamax charter at reduced rate

    Diana Shipping extends post-panamax charter at reduced rate New York-listed Greek bulker owner Diana Shipping has won an extension of a time charter contract for one of its post-panamax vessels with Belgium’s Cobelfret. Diana Shipping agreed on an extension for its 2012-built, 98,697 dwt bulker Amphitrite. The original deal for the vessel started on November…

  • MOL hires cape from Diana Shipping

    MOL hires cape from Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission…

  • Performance Shipping pens aframax charter with AET

    Performance Shipping pens aframax charter with AET Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The…

  • Diana Shipping fixes kamsarmax to China Resource Chartering

    Diana Shipping fixes kamsarmax to China Resource Chartering New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its kamsarmax vessels. The company hired the 2013-built, 75,403 dwt bulker Maera. The gross charter rate is $8,400 per day, minus a 5% commission paid to third…

  • Halkidon Shipping sells LR2

    Halkidon Shipping sells LR2 Greek tanker player Halkidon Shipping has sealed a deal privately, doubling its money offloading the 14-year-old 112,700 dwt, New Times-built LR2 tanker Elli.  This ship was purchased in a bank-driven sale in 2018, adding one of the last ships from Gregory Callimanopoulos’s Toisa for $22m.  The vessel has now been sold and renamed…

  • Dynacom linked to more suezmax orders

    Dynacom linked to more suezmax orders Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China. Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding. The quartet is priced at about $328m, with…

  • Performance Shipping pens aframax charter with Exxon subsidiary

    Performance Shipping pens aframax charter with Exxon subsidiary Greece’s Performance Shipping has entered into a time charter contract with ExxonMobil subsidiary SeaRiver Maritime for one of its LR2 aframax tankers. The deal will see the 2010-built, 105,304 dwt tanker P. Aliki work for Sea River Maritime for seven months. The charterer has the option to shorten…

  • DryDel enters cape segment with double order at Namura

    DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said…

  • IWS Fleet and Asso.subsea terminate CSOV charter deal

    IWS Fleet and Asso.subsea terminate CSOV charter deal Oslo-listed Integrated Wind Solutions (IWS) has seen its subsidiary IWS Fleet terminate a charter deal with Greece-based offshore contractor Asso.subsea for one of its commissioning service operation vessels (CSOVs). The Awilco-backed outfit, which owns close to 75% of IWF Fleet, said in its quarterly earnings report that…

  • EuroDry signs for ultramax newbuilds

    EuroDry signs for ultramax newbuilds Nasdaq-listed Greek dry bulk owner EuroDry has turned to a Chinese shipyard to expand and modernise its fleet. The Aristides Pittas-led company has contracted two ultramax newbuilds at Nantong Xiangyu Shipbuilding for delivery in the second and third quarters of 2027. EuroDry is paying $71.8m for both 63,500 dwt ships,…

  • IMS pockets tidy profit from sale of vintage MR tanker

    IMS pockets tidy profit from sale of vintage MR tanker Tanker sales have been thin on the ground this month. One sale stands out in Greece, sealed in the popular MR segment. Greek tanker owner IMS has sold its second tanker in a row, almost doubling its money by selling the 2004-built, 47,000 dwt Bruno…

  • Monte Nero adds to product tanker orderbook in China

    Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong).  Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…

  • Euroseas scores extensions for feeder boxship duo

    Euroseas scores extensions for feeder boxship duo Nasdaq-listed Greek boxship owner Euroseas has won new time charter contracts for two of its feeder containerships. The company said that the two extensions were awarded to the 2001-built, 2,556 teu feeder containerships EM Corfu and Evridiki G. The EM Corfu has been fixed for a minimum period of…

  • Diana Shipping charters out ultramax to Stone Shipping

    Diana Shipping charters out ultramax to Stone Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels. Stone Shipping hired the 2018-built, 60,362 dwt bulker DSI Pyxis. The gross charter rate is $13,100 per day, minus a 5% commission paid to third…

  • Dynacom seals four Samsung suezmax newbuilds

    Greece’s Dynacom Tankers has been tied to a series of suezmax newbuilds at Samsung Heavy Industries. Clarksons reports George Procopiou’s company has signed up for four 158,000 dwt ships at $83m each, with deliveries scheduled throughout 2027. The Athens-based outfit, with nearly 70 tankers under management has a massive orderbook in China, including suezmaxes at…

  • Costamare bulks up with triple purchase 

    Greek owner Costamare has continued its dry bulk fleet renewal, revealing a trio of purchases during the past quarter. The New York-listed company led by Konstantinos Konstantakopoulos has snapped up a pair of ultramaxes from German owner Oldendorff Carriers for an undisclosed price. Brokers have placed the en bloc deal at $50m. The 2014-built Alwine…

  • Famous VLCC changes hands for an eighth time

    A tanker with a colourful past has changed hands for the eighth time in its 18-year history and the second time this year. Piraeus-based Cavalli Marine has bought the Chinese-built Yale from Turkey’s Varan Maritime and renamed the vessel Alter Ego. No price has been revealed with online portal VesselsValue suggesting the vintage tanker has…