Sevenseas Investment Fund of Luxemburg announced that it is entering into a Placement Agreement with Banque Heritage S.A. (the “Bank”) for the placement of the Fund’s Units. Sevenseas is sponsored by Diamantis Pateras Maritime Limited and Nautilus Ener…
It seems that the added influx of crude oil cargoes in China, as a result of the increased power of the so called “teapot” refiners is bound to wane. In its latest weekly report, shipbroker Gibson noted that “it has been three years since the Chinese g…
Tanker Market and Chinese Independent Refiners: Is there Hope? Read More »
Just as the shipping industry was looking for signs of further trade growth rebound and was hoping for an improvement over the initially modest predictions for the 2018-2019 pace of rate increase, reality kicked in, in the form of renewed trade tension…
Global Economy and Trade Tensions Are Bound to Find their Way Into Shipping as Well Read More »
While much has been discussed on the record-breaking year of tanker demolitions, the market is about to enter into a relatively calm period. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “with Ramadan now having finished…
Demolition Market Quiets Down Read More »
For a long time, dry bulk ship owners were looking ahead to 2017-2018 as the years during which they could enjoy the benefits of the market’s rebalancing and see freight rates recover above break-even point, for a first time in years. However, fe…
Will the trade war derail the dry bulk market’s recovery? It certainly can Read More »