Georgios Georgiou

1 week ago | rivieramm.com | Georgios Georgiou

In its Q1 earnings presentation, the US-listed Greek LPG carrier specialist highlighted the complex geopolitical environment may prompt LPG-importing nations to diversify their supply sources. This shift could create new trade routes and ultimately be beneficial for tonne-mile demand. StealthGas pointed specifically to the escalation of the US–China trade war in April, when retaliatory tariffs were imposed on US LPG and ethane.

1 week ago | rivieramm.com | Georgios Georgiou

State-owned Deutsche Energy Terminal GmbH (DET) noted the Wilhelmshaven-2 LNG terminal was connected to the grid in around two and a half years – including planning and approval. This marks DET’s third floating LNG import terminal and the second located in Wilhelmshaven. According to data from Kpler, Energy Endurance, a 2024-built LNG carrier owned by Anna Angelicoussis-led Alpha Gas, delivered the commissioning cargo on 16 May.

1 week ago | rivieramm.com | Georgios Georgiou

Notably, despite corrections, secondhand values have remained relatively resilient given the current trading environment. During the company’s Q1 earnings presentation, the US-listed owner’s chief executive noted secondhand vessel prices have declined over the past six months – by approximately 25% for older ships and 10–15% for modern tonnage. These are not attractive levels to start buying ships now, considering where the freight market is, Mr Hajioannou told analysts.

1 week ago | rivieramm.com | Georgios Georgiou

Shipbrokers reported in early May that Chinese shipbuilder Zhoushan Changhong had offered for sale three LR2 tankers, originally ordered by one of its own holding companies, with delivery scheduled for the second half of 2026. Now, shipbrokers and market sources are linking Polembros Shipping to these resales, estimating the price per vessel at around US$66.5M. The company has been contacted for comment.

1 week ago | rivieramm.com | Georgios Georgiou

According to Signal Ocean’s latest weekly market monitor, the dry bulk fleet is projected to grow by nearly 500 vessels by the end of 2026. “If scrapping activity remains limited and demand growth does not match capacity additions, there is potential for a supply overhang,” said Signal Ocean market analyst Maria Bertzeletou. Signal Ocean data shows between 2020 and 2024, the global dry bulk fleet expanded steadily, rising from 4,545 to 5,330 vessels – an annual growth rate of over 3%.