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