Secondhand ship sales set a new record in 2021, according to data from Clarkson Research, with 2,507 assets changing hands and S&P spending of $47bn edging past the existing record of $46bn set in 2007.
In a move which reflects the changing face of Greek shipping the membership of the Union of Greek Shipowners (UGS) has elected the first woman President in its 105-year history.
On Valentine’s Day NYSE-listed Safe Bulkers will become the third US-listed Greek-based shipping company to raise funds in the Greek bond market.
IMC Shipping has experienced commodities shipping executive Michael Holm to head its dry bulk business.
Ultrabulk has opened an office in Dubai to provide a local presence in the Middle East market.
Negative factors emerging in the booming dry bulk trades make for interesting 2022 outlook, according to the Simpson Spence Young (SSY).