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Greek Owners

Solar Solve Wins Orders from Two Japanese Shipbuilders

Photo: Solar Solve

At the beginning of June South Shields based Solar Solve Marine dispatched a consignment of 16 SOLASAFE anti-glare roller sunshades to their distributor based in Osaka for installation at the wheelhouse windows of two new bulk carriers being built in Japan. Oshima Shipbuilding Co. are finishing off a Handymax Bulker, Hull No. 10705, at their Nagasaki yard for delivery next month. Currently both the name of the 55,116 dwt vessel and the owner have not been made public but the vessel will be delivered with 13 roller sunscreens from the SOLASOLV range installed at the navigation bridge windows. When in use they will protect the bridge personnel from solar heat, glare and uv light to improve their comfort and safety. The consignment also includes three SOLASAFE screens for a 60,527 dwt Panamax Bulk Carrier, Hull No. 050, due for delivery at the end of the summer from Shin Kasado Dockyard Co. in Yamaguchi prefecture. This 200 mtr. long vessel will transport mainly cargoes of grain for Greek owners. www.solasolv.com  


Korean Shipyard Names Five New Containerships

Container ships, sunrise: Photo courtesy of HHI

Hyundai Heavy Industries (HHI), which claims to be the world’s biggest shipbuilder says that it set a new daily naming ceremony record by naming 5 containerships (ordered from Enesel) on a single day. In a simultaneous naming ceremony attended by Mr. Andonis Lemos; Mr Filippos Lemos; Mr. Kim Oi-hyun, President & CEO of Hyundai Heavy Industries; and other 130 participants at HHI’s yard in Ulsan, South Korea, the sponsors including Mrs. Irini N


Tanker Orders Flood in For Chartco

ChartCo, has taken more orders for its ChartManager service from tow major tanker fleet owners. Greek company Avin International is the third major Greek shipping company, to sign up as a ChartCo customer while ChevronTexaco Shipping Company has signed up to ChartCo’s service following successful trials on two of its vessels. Avin International, a tanker operator active in the shipment of crude oil and petroleum products


Greek-flag Registry Red Tape Clear-out

Greek Flag: Photo credit Wiki CC2

Greek Shipping Minister urges owners to choose country's flag as registry gets revamp. Greek Shipping Minister Constantinos Mousouroulis has unveiled a plan to modernize the Greek Shipping Registry that will come into effect imminently. Greece's shipping ministry will put in place a one-stop-shop e-registry responsible for the receipt of the applications, their processing and the monitoring of the necessary steps tied to registering vessels.


ClassNK Reports Record 2014

Announcing its registration totals for 2014, ClassNK said 833 new vessels with a combined total of 21,466,272 gt joined its register over the course of the year, marking the fourth straight year that the classification society registered over 20 million in new tonnage.   ClassNK noted that its growth in 2014 comes in spite of a global downturn in the market which has seen newbuilding deliveries fall by an estimated 15% according to Clarkson Research Services


Liberia is Top Open Register for Greek Shippers

Image: LISCR

Figures released by the Greek Shipping Cooperation Committee (GSCC) show that Liberia has further strengthened its position as the undisputed leading open registry of choice for Greek shipowners and operators.   The GSCC statistics show that, in the year to end-March 2015, the number of Greek-controlled ships in the Liberian Registry increased by a net total of 61 vessels, more than any other registry in the world


Preview: Greece Poised for Posidonia 2004

The year 2004 is shaping to be a monumental year for Greece, with the pinnacle being the hosting of the 2004 Summer Olympics from August 13-29 in Athens. While a maritime exhibition can hardly be mentioned in the same breath as an Olympic Games in terms of stature, the staging of the 19th biennial International Shipping Exhibition to be held in Greece — Posidonia 2004 — is a significant event for the international maritime community


Drewry’s Forecast Warns Carriers

Drewry believes that the industry has emerged from the global recession with both carrier profitability and demand figures bearing this out, but still ask whether or not the industry has learnt anything? The fact that no major companies went to the wall still seems to have insulated the industry from the despair of 2009 and there is now the feeling that perhaps the dark days did not happen. In essence, Drewry observes that it is back to normal operating conditions.


Energy Efficiency Fuels Shipping Strategies at Posidonia

As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and performance verification methods emerge. The world’s major ship building nations agree that a combination of a stubborn global recession and high fuel prices which affect global trade and impact


BIMCO: Greece is the Leader in Newbuild Investment

Source: BIMCO, CRSL

Greek shipowners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts, BIMCO reported. Since 2010, contracts made by owners in Greece total $51 billion (USD), consistently dwarfing the likes of Norway and China as buyers. Chief Shipping Analyst at BIMCO, Peter Sand, said, "The Greek ship owners’ interest in newbuilding contracts has continued into 2014, where 73 new contracts valued at $4


Greece Okays Piraeus Port Sale

Image: Piraeus Port Authority SA

Greece Economy Minister George Stathakis said that his government is dropping its opposition to selling off the Piraeus Port Authority SA. A sale of the Piraeus Port would be a reversal on the part of Greece’s Syriza party-led government, which had earlier pledged to block such moves.


Cosco in Talks with Greece on Piraeus Port Deal

Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus, the Greek defence minister said on Friday. Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake


ICTSI Shows Interest in Greece's Port

ICTSI port management company currently involved in the operations and development of marine terminals and port projects worldwide. Map by ICTSI

 Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP.   “Yes. We are now reviewing this opportunity,” ICTSI vice president and treasurer Rafael Consing Jr


Bangladesh at Front of Shipbreaking Activity

Graph: Clarkson Research Services

 There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner regions, Asia/Pacific and Europe account for 88% of the tonnage sold for recycling, according to the latest review of shipbreaking trend by Clarkson Research.    


Mediterranean Rescue Operations Strain Shipping

A young boy surrounded by adults after being rescued in June 2014 from a boat on the Mediterranean Sea. Photo: UNHCR/A. D’Amato

  The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only proved to be too much for European coast guards and navies, it now poses a major problem for Mediterranean shipping.  


Greece Will Sell Piraeus Port Stake in Weeks

Port of Piraeus

  The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors.


Indian Coast Guard Medevac Greek Cadet off Gujarat Coast

Greek Cadet being  hoisted

  A Greek Deck cadet onboard an LPG Tanker MT Hellas Serenity on passage from Fujairah to Indonesia was suffering from acute apendicitis 300 NM South West of Gujarat, West Coast of Inda. The Indian Coast Guard received a request from the vessel for medical evacuation.


Greek Fleet (Still) Rules

Maran Gas Asclepius

Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism. It is the country’s geography with a coastline almost that of the U.S


Three Dead as Migrant Boat Grounds off Greece

A wooden sailboat carrying dozens of immigrants ran aground on Monday off the coast of the Greek island of Rhodes and at least three people have drowned, the Greek coast guard said. More than 90 people were rescued and 30 of those taken to hospital


Cyprus Cabinet Okays Ports Privatisation Framework

New Lemesos Port. By Cyprus Ports Authority

 Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector.   The Council of Ministers approved amendments to the legal framework governing the operation


Greece: Sea Boundaries with Egypt, Cyprus to be Defined

Greece will launch consultations with Egypt and Cyprus to establish maritime boundaries in the eastern Mediterranean, Prime Minister Alexis Tsipras said on Wednesday. Tsipras, who was visiting Cyprus, said those boundaries - which are normally a precursor to a state licensing for offshore oil


Costamare, York Capital to Extend Shipping Pact

Image: Costamare Inc

 Greek ship-owner Costamare and US-based hedge fund York Capital Management are considering extending the life of their investment joint venture that has already spent more than $1 billion on new and secondhand container ships.  


First Foreign Tanker Docks at Derna Since January Air Strike

Libya has persuaded a foreign shipper to send a tanker to the eastern port of Derna for the first time since a warplane belonging to the official government bombed a Greek-operated tanker there in January, its state oil firm (NOC) said.  


SINOPACIFIC Christens Newbuild Bulker

Photo: SINOPACIFIC

SINOPACIFIC Shipbuilding Group held a christening ceremony today at its Dayang Shipyard for a newly built Ultramax CROWN63R.   As the Godmother, Madam Grace Yang, the wife of former Chinese Ambassador to Greece christened this new vessel as SINICA GRAECA


Hellenic Ship Finances Look Up

Photo Credit: Iolcos Hellenic Maritime Enterprises

The overall Greek loans of Hellenic maritime companies and ship owners (drawn and committed but undrawn) rose to $64.019 billion by the end of 2014, 4.1% higher than the $61.498 billion of 2013. Petrofin Research in its latest annual research says that drawn loans are up by 2






 
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