Angelicoussis largest of 646 Greek shipowners
Tycoon has nation’s biggest fleet by capacity but over 400 smaller companies control 20% of Hellenic fleet, Clarksons Research says.
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Maritime News
Tankers: Newbuilding Orders Limited Mostly to VLCCs
While newbuildings are thought to be the main risk to the future balance of the tanker market, it seems that it’s only VLCCs Much attention has been given in recent months to continued activity in newbuild VLCC tonnage. We, at Gibson’s, are not an exce…
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Are shipowners ready for higher interest rates? Rally in interest costs potentially dangerous for shipping companies
Shipping is a capital-intensive industry, which is heavily dependent on debt financing. LIBOR (the primary benchmark for short-term interest rates globally) has started to increase at a faster pace over the past five months compared to prior increases …
Dry Bulk Market: Capesize Market on Recovery Mode Once Again
Capesize A turnaround in fortunes for the big ships as the week ended, with rates recovering generally, although the North Atlantic remained slow. Even with increased Brazil activity and rates up, the momentum needed to be maintained to sustain recent …
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Readers’ Picks of the Week (May 28 – June 1, 2018)
Here are the most read articles from the previous week.
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