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The sentiment for newbuilding orders remains fierce with noticeable deals in all ship sizes, for bulkers and tankers

Latest batch of weekly data, suggests an increased appetite for newbuildings among ship owners. Bulkers VLOC / Capes South Korean, Polaris Shipping has added five more 325,000 DWT Very Large Ore Carriers to the newbuilding tally at South Korean shipbuilder Hyundai Heavy Industries (HHI). The order, worth USD 400 million, is an option being exercised [...]

By | October 31st, 2017|News, Slider|0 Comments

Containers: Greeks rolling up their sleeves

A couple of weeks ago, the Greek owner Diana Shipping’s NYSE-listed Diana Containerships announced that it entered into an agreement to liquefy up to seven of its containerships. The aggregate purchase price of all these assets could reach up to USD 104 Mn. Market rumours suggest that the buyers are linked to Greek owner Technomar [...]

By | October 30th, 2017|News|0 Comments

Offshore Indicators: High Hopes From A Long Way Down

Since the onset of the downturn in 2014 it has been a pretty bleak few years for the offshore sector, with the occasional chinks of light on the horizon often quickly clouded over. More recently there have been indications that things might be clearing up a little and so sentiment has improved somewhat. But it [...]

By | October 30th, 2017|News|0 Comments

Ship operating costs are set to increase for 2017 and 2018

Vessel operating costs are expected to rise in both 2017 and 2018, according to our latest survey. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey is based on responses from key players in the international shipping industry, predominantly shipowners [...]

By | October 30th, 2017|News|0 Comments

The signs of fuel market rebalancing support bunker prices

World fuel indexes have stayed steady with no significant fluctuations during the week. The oil and fuel markets are tightening gradually. OPEC is expected to roll over output restrictions for another nine months. Geopolitics are still one of the main drivers on the market. The ‘Fragile Five’ petrostates – Iran, Iraq, Libya, Nigeria and Venezuela [...]

By | October 30th, 2017|News|0 Comments

Varun Resources, India’s largest LPG carrier owner, on brink of collapse

Varun Resources Ltd, India’s largest owner of liquefied petroleum gas (LPG) carriers, has had to halt operations of its eight Indian-flagged LPG tankers at the behest of a consortium of 12 banks led by State Bank of India after defaulting on loans of about ₹2,000 crore, putting its future at stake. Compounding the issue, the [...]

By | October 30th, 2017|News|0 Comments

Sale and lease back of ships a growing trend among ship owners, with the help of Chinese financial institutions

China has been growing as an alternative source of financing, when it comes to shipping. The gradual exit of the ship financing market by traditional banks and the recent fall of the hedge fund frenzy which swept the industry a few years back, has left more than enough room to be exploited by other lenders. [...]

By | October 30th, 2017|News, Slider|0 Comments

Locus Software Joins INTTRA’s Network

INTTRA, the world’s largest neutral electronic transaction platform, today announced Locus Software Limited has joined its network of partners. Locus Software is the developer of Odyssey, a global, cloud-based, all-in-one enterprise shipping solution for ocean carriers and NVOCC’s designed to expand ecommerce collaboration with their customers, agents and business partners. This new relationship will provide [...]

By | October 27th, 2017|News|0 Comments

Shipping bonds issuance momentum continues

A growing number of shipping companies have taken advantage of the low interest rate environment and tapped the debt capital markets. This comes at a time when the availability of funds for the shipping industry is declining. We highlight four reasons behind the increase in high yield bond volumes coming from the shipping sector. 1.Scarcity [...]

By | October 27th, 2017|News|0 Comments

Shipowners go bargain hunting in the dry bulk sector

The surge of the dry bulk market has prompted a strong turnout in the secondhand sales ships’ market as well. However, with the market quickly transforming itself into a sellers’ one, some owners are having to turn their attention to bargain hunting. In its latest weekly report, shipbroker Intermodal said in its latest weekly report [...]

By | October 27th, 2017|News|0 Comments

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