Watson Farley & Williams (“WFW”) advised Globus Maritime Limited (“Globus”) on their US$28m sale and leaseback of newbuild bulk carrier m.v GLBS MIGHT with a Japanese leasing house. This is Globus’ first…
Sales and Purchases
21 October 2024 Watson Farley & Williams (“WFW”) advised Navigazione Montanari S.p.A. (“Navigazione Montanari”) on the acquisition of the chemical product tanker Astella, now renamed Valderice. WFW also acted for Intesa Sanpaolo S.p.A. (“Intesa…
110 maritime companies participate in Spinnaker’s annual salary survey of shore-based shipping jobs. Since its inception in 2005, this survey has evolved into the largest of its kind, encompassing 55,000 maritime professionals across 21 key…
Xeneta Summit: Machine learning to predict future ocean freight rate movements in new Market Outlook
AMSTERDAM – Netherlands, 17 October 2024 – Industry leaders at the Xeneta Summit in Amsterdam have been told ocean container shipping must harness the power of machine learning to protect…
by Ms Eleni Konstantinidis, Barrister Training Course Graduate, LLB with honours * It’s the start of LME week in London and representatives from the entire supply chain meet to discuss…
ATHENS, GREECE, September 9, 2024 – OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has taken delivery…
Clarksons is pleased to announce the expansion of its services in the Middle East with the establishment of a dedicated Sale & Purchase (S&P) desk within its Dubai office. This…
By Eleni Konstantinidou (LLB Hons, BTC) The Court of Appeal recently clarified the importance of a deposit in Memorandum of Agreement (“MOA”) contracts, and the protection available to the seller…
The International Maritime Union proudly commemorates its 5th Anniversary as a Full Member of FONASBA, officially representing Greece.
From 2019 onwards, our Union has been steadily supporting and actively participating in all major initiatives, actions and events of the Federation, including but not limited to: 1/ Officially representing…
Our friends at PGLegal have put together a fantastic piece that we are excited to share with you. This article is part of a series about the role of the Captain in…
The Jolly Verde, a full-container ship with a capacity of 6,300 TEU, just entered today into the fleet of Ignazio Messina & C. S.p.A., marks a milestone in the company’s…
There has been a Capesize S&P “frenzy” so far in 2024, as one shipping paper put it as it reported the sale of the 181,400 Dwt, 2014 built True Cartier to…
DSX Reports Financial Results for Q4 & Year Ended 31/12/2023;Declares Cash Dividend of $0.075/Share for the Q4 2023;Announces the Sale of m/v Houston
ATHENS, GREECE, February 23, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported…
ATHENS, GREECE, January 23, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced…
Institute of Chartered Shipbrokers President Kevin Shakesheff FICS awarded MBE in New Years Honours
30 December 2023 The Institute of Chartered Shipbrokers, the professional body for the commercial shipping industry worldwide, is pleased to announce that its President, Kevin Shakesheff FICS has been recognised…
Performance Shipping Inc. Announces Completion of Sale and Delivery of 2007 Built M/T P. Kikuma to New Owners
ATHENS, GREECE, December 13, 2023 – Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through…
Two new ships for the Nova Marine Carriers group of Lugano, which is headed by the Bolfo Gozzi and Romeo families. Last week it has been finalized the purchase in…
George Procopiou, Nicholas Moundreas, Kriton Lentoudis, Diana Shipping and Tsakos Energy Navigation among the winners at 20th Greek Shipping Awards Lloyd’s List presents special awards to the Greek LNG shipping…
Good Morning Monaco Wednesday, November 29, 2023 France set to ban smoking on all beaches and other public spaces France is set to ban smoking on all beaches, as well…
Good Morning Monaco Friday, November 17, 2023 Prince and Princess distribute Red Cross gifts As one of the annual traditions to mark Monaco’s National Day, Their Serene Highnesses Prince Albert…
Performance Shipping Inc. Announces the Sale of 2007 Built M/T P. Kikuma for US$39.3 Million
ATHENS, GREECE, November 14, 2023 – Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that it…
The International Foundation for Aids to Navigation (IFAN) is pleased to confirm the sale of its offshore support vessel (OSV), the OSV Relume.
OSV Relume is a 66-berth International Maritime Organization (IMO) Class 2 Dynamic Positioning (DP2) vessel and Special Purpose Ship (SPS), equipped to support the latest marine survey technology. She has played an…
The BDI (The Baltic Dry Index) ended down eight points since yesterday and now reads 1,129; on a weekly basis same was down seven points since last week’s 1,136… The…
The BDI (Baltic Dry Index) managed to surpass the 1,000 points threshold and now reads 1,110 – 13 points plus since yesterday and 132 plus since last week’s 978 (21/07/2023),…
The BDI (Baltic Dry Index) was down 13 points since yesterday and now stands at 1,090 points. Same was though up 81 points since last week’s 1,009 (07/07). Both Wets,…