Forward contract cover locked in for 100% of 2025, 96% of 2026, and 74% of 2027.
Maximizing strategic optionality while also returning capital to shareholders.
Annualized dividend to increase to $2.50 per Class A Common Share.
In continuation to the previous update, the detailed search of the vessel and surrounding area has been completed by EUNAVFOR armed forces, in cooperation with vessel’s officers and crew, without identifying any unauthorized person onboard.
The Keratsini Port Authority was informed that during the mooring of a tanker (D/X) under Togo flag, in the presence of a pilot and with the assistance of two tugboats (R/K), the
CHARTING A SMART COURSE FORWARD FOR GREEK SHIPPING
To succeed you must survive until you get lucky
Quarterly and annual plans and decisions are no longer feasible in a time of AI when continuous data update is available – data must be leveraged to make weekly and monthly decisions
Last week we saw the USA and China agree on a 1 year pause on port fees to be imposed on each other’s linked vessels. This appears to have given renewed positivity to the liner companies and shippers, also with just under 7 weeks until Christmas, the next couple of weeks are the last chance to import goods Ex China to be available pre-Christmas in the States and Europe.
LNG
The LNG market continued to firm this week, supported by persistently tight tonnage and steady enquiry across both basins. Limited vessel availability, particularly in the Atlantic, has helped maintain upward momentum.
Clean
LR2
MEG LR2s lost steam this week. The TC1 75kt /Japan index dropped a modest 7.78 points to WS132.5, with the corresponding TCE returns falling back below the $30,/day mark to $29,/day, basis Baltic description.
