Paragon Shipping Inc has ordered three eco-design kamsarmax dry bulk carriers at a total price of $91.65m from Jiangsu Yangzijiang Shipbuilding in China.
Though much of the Greek shipping community was bracing itself for Royal Bank of Scotland’s (RBS) end of year report, revelation on 27 February of the bank’s steep increase in shipping-related impairment losses, was more than expected.
Uni-Asia Holdings, an investment firm and integrated service provider of vessels, has entered into a contract with Japan's Imabari Shipbuilding to construct a 37,000-dwt handy bulk carrier.
After five months of negotiations with its banks First Ship Lease Trust (FSL Trust) has secured relaxation of its loan covenants until the end of 2014.
There has been little doubt for some time the ship finance landscape has changed and continues to do so at a fast rate. Indeed, the traditional shipping man who attended the fifth Capital Link Greek Shipping Forum in Athens, February 24, would...