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St Helena Line to withdraw RMS St Helena from service and seeks buyer for vessel
The RMS “St Helena” St Helena Line has announced today, (Thursday 5th October 2017), that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena (RMS) from service in February 2018 and has...
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The BDI@1,405: a controlled correction…?
John Faraclas The BDI (Baltic Dry Index) and in general the markets do not surprise us at all with their performance and behaviour so far needless to say their volatility; the Geopolitics are so...
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Sale of LNG/C Excel
The LNG/C “Exmar” EXMAR is pleased to announce the sale of the LNG carrier EXCEL (138,107 m³ – 2003 built). EXCEL has been delivered to its new owners on 6th of October 2017. The net cash proceeds...
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Stay put with the BDI’s rise… there is a long way to go!
John Faraclas Despite some gains the BDI (Baltic Dry Index) remains low; low with the correlation of t/c rates both for the spot and period and unless we see the magic 2,247 and above level, stay put!...
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DIANA announces sale of panamax “Melite”
ATHENS, GREECE, October 12, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed,...
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An enigmatic BDI should not fool us..
John Faraclas The BDI (Baltic Dry Index) closed earlier on today at 1,458, that is 25 points plus since yesterday thanks mainly to the Panamaxes and hooray hooray to the Supras. The Geopolitical crisis...
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The BDI@1,552: still cruel to be kind…
John Faraclas The BDI (Baltic Dry Index) gained another 29 points since yesterday thanks mainly to the Capers and to a leaser extend to all the other dry indices. Geopolitics still very perplexed. John...
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Crowley to Acquire Three SeaRiver Tankers
(VALDEZ, Alaska; Nov. 1, 2017) – Crowley Alaska Tankers, LLC, announced today that it has signed an agreement, subject to regulatory approval, to purchase three tankers from SeaRiver Maritime Inc.,...
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The BDI@1,477: Dry Volatility continues… Wets: another enigma…
John Faraclas The BDI (Baltic Dry Index) closed earlier on today at 1,477 points, up 19… The Geopolitical situation remind us of a Yellowstone situ…. WISTA-Hellas’ Annual Forum at the Athenaeum...
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Naval Dome responds to Clarksons cyber attack
Itai Sela Viewers can find below a statement from Naval Dome CEO Itai Sela in response to Clarksons cyber security breach. “The announcement yesterday that ship broker Clarksons confirmed its computer...
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The BDI@1,366 points; end of the story!
John Faraclas On a daily basis this last day of trading for 2017, the BDI lost 64 points; Geopolitics on the edge… John Faraclas’ daily, weekly and end of the year recap: These 64 points that the BDI...
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With the BDI@1,230 brace for the new era…
John Faraclas Despite the BDI’s (Baltic Dry Index) triple digit fall in an otherwise odd welcome for the New Year, the good news is that Shipping for the vey very very few begins to make waves;...
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The New Flamenco case raises more questions than answers about damages
A full house attending one of the most important events of its kind The financial effects, adverse and beneficial, arising from the discontinuation of charter arrangements concerning the New Flamenco...
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Is BDI’s fall here to stay..?
John Faraclas The BDI (Baltic Dry Index) continued its downfall as did Geopolitics and things are getting more than sour every single hour; we are living in interesting times. John Faraclas’ daily...
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Diana Containerships announces sale of two post-panamax containerships
ATHENS, GREECE, January 22, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has...
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The BDI is 1,090 points below from December 2013 level of 2,247…
John Faraclas Despite the ups and downs, the hopes and worries, the expectations and projections and all that jazz, the BDI (Baltic Dry Index) remains stuck in levels which prove our worries of yet...
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FONASBA launches agent diploma course
The Baltic Exchange were the FONASBA offices A new entry-level qualification for ship agents As part of an ongoing commitment to support the provision of appropriate and relevant education at all...
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Diana Containerships sells panamax containerhip “New Jersey”
Diana Containerships Inc. Announces the Sale of a Panamax Container Vessel, the m/v New Jersey ATHENS, GREECE, February 13, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global...
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Baleària invests 75 million euros in the purchase of three ships to reinforce...
The ferry “Nápoles of Baleària” Baleària invests 75 million euros in the purchase of three ships to reinforce its fleet The shipping company owns twenty-four ships and charters one Baleària recently...
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Driving sustainability in ship recycling: Blue MBA participant Prashant Widge
Capt Prashant Widge. Driving sustainability in ship recycling: Blue MBA participant Prashant Widge Captain Prashant Widge has an unusual role for a qualified master mariner – after a fulfilling career...
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