Special Report - Greek Bulk Fleet
Displayed below are a set of articles which belong to this Special Report.
G.Bros plays a waiting game
IN THEIR solo career as shipowners since 1996, brothers George and Stathis Gourdomichalis have been involved with a variety of vessel types and business moves.
Bulk joint venture looks a good BET for Seanergy
BEING on the cusp of a severe market crash, the late summer of 2008 will hardly go down in history as an auspicious moment for kicking off a new shipping venture.
Anangel conversions mark debut into VLOC segment
THREE very large crude carriers converted by Greece’s largest shipowner have given the country its first real presence in the much-discussed very large ore carrier segment of the industry.
Diana is a hedger as well as a hunter
DIANA Shipping has just landed up in 24th place on Fortune’s Fastest-Growing 100 Companies list, compiled for US listed companies on the basis of revenue growth, earnings per share and total return to investors.
Spot switch pays off for DryShips
SHIPOWNER George Economou has a reputation for being able to successfully reinvent himself, business-wise. But somehow the transformation that he has wrought at his Nasdaq listed DryShips in the last year or so has gone largely unremarked.
China challenges Greece’s long-held bulk hegemony
FOR so long the undisputed champions of the dry bulk game, Greek owners are currently vying with the Chinese shipping community in terms of having the biggest appetite for bulk capacity.
Navios sees its ‘end-to-end’ bulk business blossom
IT IS safe to say that Navios Maritime Holdings is unique among Greek controlled dry bulk companies in having its own dry bulk transhipment and storage port.
Bulk carrier orderbook hit by delays and cancellations
AT THE end of 2008 there were 463 bulk carriers on order for Greek owners — a majority of the overall Greek orderbook for newbuilds of all vessel types. The picture today is not quite so clear, as experts struggle to gauge the impact of cancellations and delays on the bulker production line.
Star poised to shine if it can reach ‘critical mass’
BACK to back contracts of affreightment with Brazilian mining giant Vale have added to a strong chartering performance by Star Bulk Carriers, which now has two solid years under its belt as a fully fledged operation after starting life as a special-purpose acquisition company, or Spac.
Globus bucks trend and has no qualms about selling tonnage
GLOBUS Maritime continues to be an exception to the coterie of Greek bulker owners with public listings which have so far seemed reluctant to part with existing tonnage, despite the turbulent market.
FreeSeas is handily placed to grow
HANDYSIZE owner FreeSeas chose “the least volatile segment” of the dry bulk market when it launched in 2005 and chief executive Ion Varouxakis is confirmed in his view that the choice was a wise one.
Excel poser as Bunge charter ends
WITH one of the world’s largest dry bulk carrier fleets, Excel Maritime Carriers has had its work cut out over the last year to protect itself from the downturn and be able to look ahead with some confidence.
Ariston to launch first fully Greek operating specialist
GREECE’s first specialist commercial dry bulk operating company is expected to launch itself in the market by the end of this year or at latest early in 2010.
News in brief
Pappadakis’ Intercargo concerns
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