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Star Bulk Carriers acquired 16 bulk carriers from Augustea & York Capital Management

Star Bulk Carriers acquired 16 bulk carriers from Augustea & York Capital Management

Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq:SBLK) (Oslo Børs:SBLK R) announced that it has consummated the previously announced acquisition of sixteen (16) dry bulk

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Frangou: “We continue to see the positive effects of healthier charter markets on our business”

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Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, reported financial results for the third quarter and nine months ended September 30, 2018.

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TEN, Ltd Declares Strong Markets Across All Tanker Segments as it Announces 24th Long-Term Charter Year-to-Date

TEN, Ltd Declares Strong Markets Across All Tanker Segments as it Announces 24th Long-Term Charter Year-to-Date

TEN, Ltd announced the charter with profit sharing provisions of one suezmax tanker for 18 months to a major oil concern. This increases the number of vessels fixed on secured revenue contracts since

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Έλληνες εφοπλιστές: επενδύσεις 4,4 δις δολ το 2018 για 276 πλοία

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Οι Έλληνες εφοπλιστές και το 2018 συνέχισαν να επενδύουν σε νέα πλοία. Σύμφωνα με στοιχεία ναυλομεσιτικού οίκου για την χρονιά που φεύγει οι Έλληνες εφοπλιστές έχουν επενδύσει 4,4 δις δολ.

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European Shipowners greatly concerned about the proposed US steel and aluminium tariffs

19 Μαρτίου 2018.

ecsafotoEuropean shipowners disagree with the US President Trump's decision to impose additional duties on imports of certain steel and aluminium products into the United States.

“This protectionist decision of imposing 25% import duties on steel and 10% on aluminium will obviously have a negative impact on transatlantic relations and on global markets”, said Martin Dorsman, ECSA’s Secretary General. “The European Shipping Community is concerned with this development and the potential of full-scale trade war. It is clear that the tariffs might leverage to other products as we have already heard from the EU leaders’ responses. A full scale trade war will benefit nobody”, he added.

Shipping is the backbone of global trade, enabling the import and export of affordable goods on a scale that is not possible for any other transport mode. Shipping needs global trade to exist and global trade cannot exist without an efficient shipping industry. Around 90% of world trade in goods is carried by the international shipping industry and EU shipping companies are large players in this global industry.

European shipowners control 40% of the world’s merchant fleet and operate shipping services all over the world. This includes trade between non EU countries such as trade between the Far East and Latin America, so called “cross trades”. For many shipping companies the majority of their trade activity actually happens outside of the EU.

“European shipowners call US and the counterparts to respect the principles of free trade and prevent a full scale trade war”, concluded Dorsman.

Source: European Community Shipowners’ Associations (ECSA) 

 

 

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