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Greek Shipping News

22 April 2014

GREEK OWNERS POUR $3BN INTO NEWBUILDING PROJECTS
Greeks have committed a confirmed $2.8bn to newbuilding projects in recent weeks. Newsfront data shows 14 owners and near 54 ships are involved, from ethylene carriers, tankers, bulkers and box ships.

FRANGOU: 'SIMPLE RATIONALE OF SUPPLY AND DEMAND' WORKS
After adding 50 ships in 12 months and continuing to diversify away from bulkers to prod / chem carriers, crude tankers and latterly box ships, Navios’ Frangou was a worthy winner of Seatrade gong.

NINE DEAD, 271 UNACCOUNTED FOR AFTER KOREAN FERRY CAPSIZE
April 17, more than 160 vessels, 30 helicopters and 500 divers were taking part in a rescue operation which had claimed nine persons with 271 unaccounted for after a ferry capsized off Korea’s southern coast.

NAVY AND HELLENIC WORKERS TO CO-OPERATE ON SUB PROJECT
The Greek navy has called on workers at Hellenic Shipyards to sign contracts for the completion of work on four submarines it has commissioned but have been abandoned in the yard for two years.

EAGLE BULK WINS NEW DEADLINE TO 'FACILITATE DISCUSSIONS'
Lenders have agreed to give Eagle Bulk until April 30 to restructure a billion-dollar credit facility. Nasdaq-listed Eagle announced lenders agreed to postpone the deadline, for a second extension.


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