Company booked T$1.4bn losses from not exercising the buy options of certain vessels which it sold and leased back earlier
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One of shipping’s most famous Greek owners is not sure he’d counsel the young to enter the sector
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One of shipping’s most famous Greek owners is not sure he’d counsel the young to enter the sector.
Economou: ‘We’re all glorified taxi drivers’ Read More »
The second-hand market for ships is quite volatile at the moment, as many owners are actively looking for investment opportunities, in a time when the majority of them refrain from newbuilding orders. In its latest weekly report, shipbroker Allied note…
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The financial crash of 2008 heralded a prolonged period of depressed freight rates which continued to dog the industry for a long while. The ongoing trend for slow steaming quickly followed and was joined by a concerted effort to contain operating cost…
Don’t get distracted by freight spikes Read More »