Source: Splash247 Andrew Craig-Bennett makes his return with some timely advice for owners. There might be a problem with banks, or there might not be. All we can say for sure, today, is that UBS has acquired the Greek private client business that used to be such a prized possession of Credit Suisse; so UBS […]
Source: Splash247 London Greek owner Epaminondas Embiricos’s container outfit, International Maritime Enterprises, is offloading a 13-year old post-panamax, selling the Hyundai Samho Heavy built-Amoliani for some $60m, an eye-catching price for a 10-year-old, 6,900 teu ship, a price tag in line with newbuilding prices. An unidentified operator has paid a large premium for prompt delivery […]
Source: The Straits Times World News ATHENS – Three fragments of Athens’ Parthenon temple, kept by the Vatican for centuries, were returned to Greece on Friday in what Pope Francis has called a gesture of friendship. “The gifting of the fragments of the Parthenon, which have been held in the Vatican Museums for more than […]
Source: The Straits Times World News Drought in Spain, the world’s largest olive oil producer, is likely to halve the country’s output this year compared with the previous year, official estimates from the European Commission show, pushing prices up. Spain usually supplies about 40 per cent of the world’s output. However, heatwaves when the olive […]
Source: Splash247 Capital Product Partners Capital Product Partners (CPLP) has sealed a new time charter deal for the 2015-built neo-panamax boxship Akadimos. The 9,288 teu vessel has been fixed for around two years from the second quarter of 2023 in direct continuation of its present charter with Japan’s Ocean Network Express (ONE). The Nasdaq-listed […]
Source: Splash247 New York-listed floating regasification specialist Excelerate Energy has lined up new financing to help fund the acquisition of FSRU bareboat chartered from Greece’s Maran Gas. The Texas-headquartered company has added a $250m loan, maturing in March 2027, to purchase the 2020-built Excelerate Sequoia currently operating in Brazil. The Daewoo Shipbuilding and Marine […]
Source: Splash247 Heidmar has decided to go public via a merger with a blank check company. The Athens-based tanker pool specialist said it plans to merge with Home Plate Acquisition Corporation, a US-based special purpose acquisition company led by Dan Ciporin and Jonathan Rosenzweig, and have the combined business listed on Nasdaq. The pro forma […]
Source: Splash247 Cyprus-based Castor Maritime has sold its 2007-built panamax bulk carrier Magic Rainbow to an unrelated third party for $12.6m. The Nasdaq-listed bulker and boxship owner said it plans to deliver the 73,600 dwt vessel during the second quarter of 2023 and record a net gain of $4.4m. Castor owns a fleet of […]
Source: Splash247 Diana Shipping Greece’s Diana Shipping has agreed a lower day rate on a new time charter deal with commodity trading giant Cargill for the 2011-built kamsarmax Leonidas P. C.. The 82,165 dwt vessel, ex-Magnolia, has already commenced its contract at $17,000 per day, down some 30% from what Cargill agreed to pay […]
Source: Splash247 Nordic hydrogen production company Rotoboost has been granted approval in principle by leading classification society Lloyd’s Register (LR) for its pre-combustion carbon capture system which converts natural gas onboard ships into hydrogen and solid carbon prior to combustion. The innovative system called Rotobox uses thermocatalytic decomposition process (TCD), where part of the natural […]