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Daily Newsletter , Thursday, May 13, 2010

Free Newsletter Site Translation Rss Online - Contact Send us your news Click here to make this your default homepage   Hellenic Shipping News Worldwide Free Daily Newsletter Dry bulk ship owners cheerful amid market rally Thursday, 13 May 2010 China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, helping the industry’s benchmark, the Baltic Dry Index (BDI) sustain a rally during the past week. Yesterday, the BDI reached new highs at 3,888... Read More... DryShips Inc. Reports Financial and Operating Results for the First Quarter 2010 Thursday, 13 May 2010 DryShips Inc., or the Company, a global provider of marine transportation services for drybulk cargoes and offshore oil deepwater drilling, yesterday announced its unaudited financial and operating results for the three-month period ended March 31, 2010. George Economou, Chairman and Chief Executive Officer of the Company, commented Read More Aegean Marine Petroleum Network Inc. Announces First Quarter 2010 Financial Results Thursday, 13 May 2010 Aegean Marine Petroleum Network Inc. yesterday announced financial and operating results for the first quarter ended March 31, 2010. The Company recorded net income for the three months ended March 31, 2010 of $14.1 million, or $0.31 basic and $0.30 diluted earnings per share. Excluding $160,000 in... Read More "HELLENIC SHIPPING NEWS WORLDWIDE'" POLL    Shipping Economics Imarex Estimates Baltic Dry Index Live Hellenic Shipping Stocks Live International Shipping Stocks Shipbrokers Reports Demolition Reports TCE Calculator for Tanker Vessels Bunker Prices Worldwide   & Bunker Suppliers Global Directory Live Currencies Rates   & Online Currency Converter Live Commodity Trade Markets Live World Stock Markets Real-Time Marine Weather Conditions Live Interactive Ships Traffic Worldwide Map Live Piracy Map    Live Ships Traffic Worldwide Map     Live Piracy Map Genco Shipping & Trading Limited Announces Plan to Sign Time Charter for Panamax Vessel Thursday, 13 May 2010 Genco Shipping & Trading Limited yesterday announced that it has reached an agreement to sign a time charter for the Genco Beauty, a 1999-built Panamax vessel, with D/S Norden A/S, Copenhagen for... Read More.. OceanFreight Inc. Reports Financial Results for the First Quarter 2010 Thursday, 13 May 2010 OceanFreight Inc., a global provider of marine transportation services, announced yesterday its financial results for the quarter ended March 31, 2010. For the three-month period ended March 31,... Read More.. Fearnleys Week 19 2010 Thursday, 13 May 2010 The VLCC market in the MEG continued to be soft with a steady supply of vessels competing for the May stems still remaining. Even though some early June stems have now entered the market as well, Read More.. StealthGas Inc. Reports First Quarter 2010 Financial and Operating Results Thursday, 13 May 2010 STEALTHGAS INC., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced yesterday its unaudited financial and operating... Read More.. Clarksons encouraged by improving market conditions Thursday, 13 May 2010 Clarksons, the world’s leading shipping services group, yesterday announced its Interim Management Statement published in accordance with the UK Listing Authority’s Disclosure and... Read More.. Somali pirate attacks likely to increase: maritime watchdog Thursday, 13 May 2010 Hijackings by Somali pirates are likely to escalate in 2010, a maritime watchdog warned Wednesday, urging international navies to target the bandits' motherships. Pottengal Mukundan, director of the... Read More.. First quarter results 2010 for Wilh. Wilhelmsen ASA Thursday, 13 May 2010 The prospects are promising, with better performance expected from all the group companies in 2010 compared with 2009. The Wilh. Wilhelmsen group posted an operating profit of USD 44.0 million for... Read More.. Samsung Heavy attacks high-end market Thursday, 13 May 2010 Samsung Heavy Industries is going all-out to further sharpen its competitive edge in high-end ships, a lucrative field which few shipbuilders are allowed in due to high technological entry barriers.... Read More.. Boxship scrappings slow as outlook brightens Thursday, 13 May 2010 Sixty container ships representing just over 100,000 TEU have been removed from the fleet since the beginning of the year, according to Alphaliner records. However, although the level of scrapping is... Read More.. Maersk reports high first quarter results Thursday, 13 May 2010 Revenue for the period (in USD) increased by 20%, primarily as a result of higher oil prices and increasing freight rates and volumes in the container activities. The result for the period was a... Read More.. Lotte sees POSCO likely winner of Daewoo Thursday, 13 May 2010 South Korean retailer Lotte Group, which is in the race to buy a domestic energy developer, sees steelmaker POSCO as the frontrunner in an auction estimated at $3 billion, a media report said on... Read More.. Bangladesh: Environment directorate to issue clearance for scrapped ship Thursday, 13 May 2010 The environment directorate will issue environment clearance for ships imported for scrapping, the High Court has ruled. The exporting country will confirm if the ship is detoxified. The maritime... Read More.. Mercator Lines takes delivery of a modern gearless Panamax Thursday, 13 May 2010 Mercator Lines Limited (MLL) , India ’s 2nd largest private sector shipping company (by aggregate fleet tonnage capacity) has recently acquired Gearless Panamax vessel of about 74,483 DWT,... Read More.. Iran May Be Storing 38 Million Barrels of Oil at Sea, IEA Says Thursday, 13 May 2010 Iran, holder of the world’s second largest oil reserves, may be storing as much as 38 million barrels of crude at sea as demand declines for the heavier, sour grades the Persian Gulf country... Read More.. Report Highlights EU Maritime Taxes Thursday, 13 May 2010 The European Parliament Committee on Transport and Tourism has adopted a report which urges European Union (EU) member states to work cohesively to establish Europe’s maritime industry on a... Read More.. Hapag-Lloyd Returns to Profit Thursday, 13 May 2010 Hapag-Lloyd made a profit in the first three months of 2010 as increased cargo volume and higher freight rates ended a run of five consecutive quarters in the red. Germany's largest ocean container... Read More.. VLCCF - Knightsbridge Tankers Limited First Quarter 2010 Results Thursday, 13 May 2010 Knightsbridge Tankers Limited reports net income of $10.2 million and earnings per share of $0.60 for the first quarter compared to net income of $9.0 million and earnings per share of $0.53 for the... Read More.. India Container Volume Grew 21.5 Percent in April Thursday, 13 May 2010 Container traffic at major ports in India surged 21.5 percent in April compared with a year earlier, driven by a strong turnaround in the country’s foreign trade. Consolidated volume for April,... Read More.. China's finished steel exports maintain their rising trend in April Thursday, 13 May 2010 According to the Chinese customs authorities, in April this year China exported 4.31 million mt of finished steel products, an increase of 980,000 mt compared to March, and up 205.67 percent year on... Read More.. India: Steel consumption up 9.6% in April Thursday, 13 May 2010 Steel consumption rose 9.6 per cent to 4.14 million tonnes (mt) in April 2010, on account of steady demand from sectors such as automobiles, white goods and construction. Consumption was at 3.78... Read More.. Iron Ore Price May Jump 32% in July Quarter, Japan Metal Says Thursday, 13 May 2010 Contract prices of iron ore produced in Australia may rise 32 percent in the July quarter from the prior three months, Japan Metal Daily said, raising costs for steelmakers. Iron ore may cost $158 a... Read More.. Debt crisis to drive down oil demand: IEA Thursday, 13 May 2010 The IEA on Wednesday lowered its projection for global oil demand this year in the face of public finance pressures in Europe and elsewhere that could drown economic recovery "in an ocean of... Read More.. Iraq cuts June crude supplies to Asian buyers Thursday, 13 May 2010 Iraq will supply crude to at least two Asian buyers at around 10 percent below contract volumes for June, possibly the first major cut in allocations by the OPEC producer this year, industry sources... Read More.. EU lays out tighter rules to stem debt crisis Thursday, 13 May 2010 European Union officials urged a crackdown on widespread government overspending, calling Wednesday for much closer economic coordination between EU nations to curb the acute debt crisis that has... Read More.. Subscribe | Unsubscribe