Sale and Purchase
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Prices of five-year-old capes and newcastlemaxes have gained 26% over the last year, while handies have gained 29%, according to a Braemar ACM research report
Small-scale ships capable of multi-tasking stand to benefit from better utilisation as LNG demand, which is tied to power generation, tends to be seasonal. While the commodity still needs time to gain enough clout as a marine fuel
Central Group, Latsco Shipping, Maran Tankers, Athenian Sea Carriers, Capital Maritime, Navios and Samos Steamship are among the Greek owners that have arranged to get their hands on new VLCCs as prices seem headed higher and building slots dry up
Higher scrapping was expected to help cut the oversupply of tankers weighing on rates
Singapore-based Grindrod Shipping has offloaded three tankers in a pivot to dry bulk, saying it would use the proceeds to pay down debt
Owner of eight bulkers reports a full-year loss of $17.4m, down from $36.4m in the previous year
As many as 279 bulkers have changed hands so far this year, compared with a total of 794 in the whole of 2020, according to BIMCO
The vessels are the largest containerships ordered by the Kollakis family company, while also being the largest to be constructed at the Chinese yard
Statistics suggest that just two and a half months into 2021, Castor has already surpassed the busiest Greek buyers of last year in terms of number of acquisitions. VesselsValue.com named Centrofin Management and Star Bulk Carriers as the biggest Greece-based buyers of 2020 with seven vessels apiece — all of which were bulkers
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