OWNERS REMIND PARTIES OF THEIR PLEDGE TO RESTORE MINISTRY
As Greece is facing the serious challenge of structural reforms to re-energise its economy, Posidonia 2012 is shaping up to highlight the positive contribution
of shipping to the Greek economy.
DYNACOM SUEZMAX REPORTEDLY HIJACKED WHILE IN CORRIDOR
A newbuilding suezmax tanker controlled by Dynacom has been seized by pirates in an attack that is believed to have unfolded south of Oman. There are 15 crew onboard.
FLEET EXPANSION STILL THE GOAL OF A CONFIDENT SAFE
Fleet expansion is still the goal of Nasdaq-listed Safe Bulkers, though net income fell 21% first quarter 2012 as a rise in revenues failed to offset higher operating costs, depreciation and derivatives losses.
NAVIOS ACQUISITION 'WELL PLACED IN CURRENT ENVIRONMENT'
Tanker owner Navios Maritime Acquisition reports better than expected results for first quarter of 2012 and will maintain its dividend though the Piraeus-based company finds itself still just in the red.
COUSTAS SEES SEEDS OF THE LINER TRADE RECOVERY
Danaos has lifted profit in the first quarter of 2012 by over 70%, leading ceo, John Coustas, to comment: "During this first quarter, we evidenced the seeds of the container market recovery".