Banks still lend healthy shipping companies

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Bank lending is still the main source of raising capital in shipping industry despite the huge problems of liquidity faed by the banks involved in the ship finance. However, a certain number of banks proceed to anticyclical financing securing remarkable profits due to higher interest rates and margins. Another positive development is that Greek owners [...]

MONTHLY SALE AND PURCHASE REPORT 4/1/2012

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By Harry N. Vafias, CEO & President of StealthGas Inc.

Almi Tankers takes over management of the Suezmax «Almi Horizon»

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Looking to the future, and despite the weak freight market in the tanker sector, Almi Tankers, the expansion-minded Greek tanker operator, took management of its first of 10 Suezmax tankers during a ceremony at Daewoo Shipbuilding and Marine Engineering’s (DSME) shipyard in Okpo, Korea. The remaining tankers of its newbuilding project are under construction and [...]

RINA strengthens Hellenic Committee

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EMPHASISING its commitment to the key Hellenic shipping market, international classification society RINA has strengthened its Hellenic Committee with the appointment of several new shipowning members. Speaking at the last meeting of the RINA Hellenic Advisory Committee held in the Cash Restaurant, Athens, on 29th November, Ugo Salerno, CEO, RINA Group said, “The strength and [...]

HARBOUR PASSAGE PLANS

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By Capt. Malcolm MacKenzie.

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