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 [...]
By Capt. Malcolm MacKenzie.
Adonis Georgiadis, deputy minister of Development, Competitiveness and Shipping said that he is opposed to every measure that reduces the competitiveness of shipping. In view of this philosophy he prepares a concrete piracy legislation. Georgiadis said the legislation will be in line with respective IMO decisions. It provides for upto six armed private guards on [...]
Xylas Group returns to newbuilding orders, Relaunched Quintana builds a fleet of modern vessels, EastMed invests on tankers & containerships orders………
The issue of carbon emission in shipping is a much broader challenge that needs a holistic approach and adopting a process at an early stage in order shipowners to gain a competitive advantage. Mrs. Helena Athoussaki, CEO of Carbon Positive Services, who is a dynamic and skillful woman, explains to ELNAVI the latest developments and [...]
The high status of the Greek shipping industry, Investing in Greece,
Greek controlled fleet, ”Building for the future”……
The Institute of Chartered Shipbrokers Greek Branch organized, on 2nd of November, its 7th Annual Forum honoring with the British Embassy in Athens the 100 years of presence and success of the Institute. The title: « Navigating through the economic storm. Setting a route in difficult times ». The forum was held at the Eugenides [...]
