By Anastasia Vamvaka For three days now, the Greek-American Dorothea Ioannou has been writing “double” history: She is the first woman and also the first citizen of Greek origin to take over the reins as CEO of the Shipowners Claims Bureau, the management company of the American P&I Club. For the first time in the […]
Tag: Shipping news
Attica’s new catamaran in Piraeus
ther Anastasia Cotton Three state-of-the-art Aero Catamaran type ships, which will be launched on the Argosaronicos lines, replacing older technology ships of the Group in the specific destinations arrived at the port of Piraeus. Next Monday, August 8, the ships will start their engines for Agistri, Aegina, Poros, Hydra, Ermioni, Spetses, Porto Heli with 17 […]
Diana Shipping: Profits surge 1,171%
By Anastasia Vamvaka Diana Shipping’s revenue growth in the second quarter of 2022 was impressive. Time charter revenue was $74.5 million for the second quarter of 2022, compared to $47 million for the same quarter of 2021, an increase of 58, 51%. Paleos-based Diana Shipping, which specializes in dry bulk cargo ships, announced net income […]
Why are carbon prices rising?
By Anastasia Vamvaka Amid the looming EU ban on Russian coal, which will take full effect on August 10, EU states have ramped up coal imports in immediate response to a threat to cut gas supplies from Russia. The ban comes at a time when carbon trade is already restricted. As a result, thermal coal […]
Navios: $280 million revenue in Q2 2022
By Anastasia Vamvaka The financial results of the second quarter of 2022 published by Navios are impressive. The company is up 84.7% compared to the corresponding period in 2021, while it announced the acquisition of 36 dry bulk carriers for $835.0 million, including the assumption of $441.6 million in bank liabilities, bareboat liabilities and liabilities […]
End of September the submission of offers for the port of Alexandroupolis
By Anastasia Vamvaka The deadline for submitting financial offers for the port of Alexandroupoli has been extended to the end of September. The tender concerns the acquisition of at least 67% of the share capital of the Alexandroupolis Port Organization (OLA SA), while the submission of binding offers was set for today. The filing date […]
G. Plakiotakis: New financing program for the development of island port infrastructures and for selected barren lines
The approval of the “Transport 2021 – 2027” program by the EU is, according to the Minister of Shipping and Island Policy Yiannis Plakiotakis, a very great success of the Greek government. This is a financing program of 175 million euros that will be allocated to the development of island port infrastructure and an additional […]
G. Plakiotakis: He presented the regulations of the Ministry of Shipping that are integrated into the environmental bill
Matters of the officers of the Coast Guard of the Hellenic Coast Guard (article 133) for the transfers abroad, i.e. to the consular port authorities, to the permanent delegation of Greece to the European Union and to international organizations, are regulated by the provisions of the Ministry of Shipping, in the environmental multi-bill, presented to […]
The next steps of the Elefsina shipyards
Her Anastasia Cotton The debate on the bill tabled on Monday evening by the Ministry of Development & Investments entitled “Cleaning up of the Elefsina Shipyards and other provisions of a developmental nature”, which seeks to grant authorization to Minister Adonis Georgiadis for the unified participation of State as a creditor in the attempted consolidation […]
Corporate Bonds: Booming Market – New Ways of Funding
By Anastasia Vamvaka The public offering of the bond of CPLP Shipping Holdings PLC, with the guarantee of Capital Product Partners LP (CPLP), in the amount of 100 million euros, was completed with particular success. The issue was oversubscribed by 3.6 times, raising funds of 360 million euros, while the final yield of the bonds […]