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Interest in Secondhand Vessels on the Rise | Hellenic Shipping News Worldwide

Demand for secondhand vessels, in terms of enquiries, seems to be on a high at the start of 2022, even if this isn’t currently translated to more S&P deals concluded. In its latest weekly report, shipbroker Intermodal noted that “while it is logical that most of the S&P reports of the first weeks of the . ....

Nassos Soulakis , Snp Broker , Chinese New Year , Hellenic Shipping News ,

A Paradox? Tanker Prices Are Rising Despite Freight Rates' Demise | Hellenic Shipping News Worldwide

A small paradox is emerging in the tanker market, with ship values rising despite the steady downward pressure of the freight market. In its latest weekly report, shipbroker Intermodal commented that “tanker asset values have surprised with their upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to their . ....

Cabo Misaki , Shin Kurushima , Nassos Soulakis , Mearsk Miyajima , Snp Broker , Maran Cygnus , Olympic Legend , Jag Lata , Aegean Freedom , Nord Lavender , Justice Express , New Breeze , Bright Fortune , Hellenic Shipping News ,

Tanker Acquisitions Gain Traction Despite Lackluster Market | Hellenic Shipping News Worldwide

Tanker Acquisitions Gain Traction Despite Lackluster Market
A less than appealing tanker market hasn’t been enough to deter ship owners, keen to acquire modern wet tonnage, in expectation of a surge in demand and rates alike during the second half of 2021 and onwards to 2022. In its latest weekly report, shipbroker Intermodal said that “for an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sector more or less tracking the market trend. However, since April, this trend appears to be revoked; despite a lackluster tanker freight market, tanker SnP transactions gained pace tracking the bulkers volumes. It is interesting to note, that older tankers units attracted the majority of SnP interest, contrary to bulkers, where the majority of transactions took place for 10Y old units and younger. Record high steel prices are supporting asset values across the board, despite the tanker market underperforming, with owners positioning for a m ....

Panamax Kamsarmax , Nassos Soulakis , Panamax Kamsarmaxes , Snp Broker , Dry Bulk , Wet Sector , Hellenic Shipping News , ஸ்ந்ப் தரகர் , உலர்ந்த மொத்தமாக , ஹெலெனிக் கப்பல் போக்குவரத்து செய்தி ,

Dry Bulk Acquisitions in 2020 Reached Similar Levels as 2019 | Hellenic Shipping News Worldwide

Dry Bulk Acquisitions in 2020 Reached Similar Levels as 2019
Despite the pandemic, deals for dry bulk carriers managed to reach over 500 during 2020, a level similar to 2019. In its latest weekly report, shipbroker Intermodal, “despite the market shock in the 1H2020 and the suppression of interest in SnP, the 2H2020 compensated for the previous standstill, with the number of dry bulk transactions surpassing those of the 2H2019. Excluding sale and leaseback, slightly over 500 SnP dry bulk deals took place during 2020, approx. the same number as in 2019. The average age of the fleet transacted was approx.11 years old. Japanese units were responsible for approx. half of the total, while Greek and Greek based buyers prevailed in more than 35% of the transactions. Once again, geared vessels transactions stood out (approx. 60% of the deals), while of note is that that after a prolonged period of subdued interest in Capesize, the sector revived towards the end of the year. Capesize ....

Republic Of , Nassos Soulakis , Snp Broker , Swiss Sellers , Middle Easters , Main Sellers , Hellenic Shipping News , குடியரசு ஆஃப் , ஸ்ந்ப் தரகர் , சுவிஸ் விற்பனையாளர்கள் , பிரதான விற்பனையாளர்கள் , ஹெலெனிக் கப்பல் போக்குவரத்து செய்தி ,

What happens when business tycoons abandon their giant cargo ships

From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back.
“I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.”
Nabiyev and the 11 other crew members weren’t supposed to be in Beirut on Aug. 4, the day of the disaster that killed around 200 people and wounded more than 6,000. Like the tons of ammonium nitrate that had eventually exploded in the port, they too had been abandoned by the owner of their ship, left to the discretion of local officials and insurers. No one on Nabiyev’s crew was hurt, but as they learned more about the explosion in the weeks to come, they recognized the same industry practices that had left them stranded for months. ....

United States , United Arab Emirates , Rostov On Don , Rostovskaya Oblast , Trinidad And Tobago , Manila Bay , Philippines General , Al Fujayrah , Tamil Nadu , Ian Ralby , Nassos Soulakis , Emin Abishov , Mansimov Gurbanoglu , Mohamed Arrachedi , Hassan Diab , Laura Carballo , Tayyip Erdogan , Samig Nabiyev , Adrian Chadwick , World Maritime University In Malmo , Indian National Shipowner Association , International Transport Worker Federation , Intermodal Shipbrokers Co , International Maritime Organization , United Nations , Maritime Labour Convention ,