China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries. As a result, tanker demand growth could be lower in the months to come. In its latest weekly report, shipbroker Gibson said that “the …
China’s Crackdown on Excess Capacity to Impact Crude Oil Imports Read More »
The LNG shipping market is poised for further growth in the coming months as the global economy is heading towards a swifter recovery rate and the shift to cleaner energy sources gathers more pace in more countries. In its latest market outlook, ship o…
Asia and South America Lead LNG Demand Growth Read More »
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. •…