Ship owners are looking to minimize time spent on ship repair/maintenance, in order to avoid losing out to a surging freight market. However, the task is extremely hard, given that COVID has wreaked havoc on yards’ scheduling and time frames. In its la…
Newbuilding orders have been rather firm over the past week, with many owners committing funds to acquire more LNG and Container ships. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in the gas carrier market, it was another …
Ship Owners Order more Container Ships and LNG Carriers Read More »
Costamare Inc. reported unaudited financial results for the second quarter (“Q2 2021”) and six-months ended June 30, 2021. I. PROFITABILITY • Q2 2021 Net Income available to common stockholders of $82.8 million. • Q2 2021 Earnings per Share of $0.67. •…
The ship recycling market activity has suffered even more this past week, as holidays combined with an overall lack of tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “with the religious holiday of Eid being celeb…
Holidays Slow Down Demolition Activity Even Further Read More »
Tanker owners could get a boost in terms of a rise of the freight market, after a dismal year so far. In its latest weekly report, shipbroker Allied Shipbroking said that “tanker owners are currently facing the most challenging period noted in the last…
Tanker Rates Could Soon Receive Some Positive Momentum Read More »