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4 days ago | 
tradewindsnews.com | Harry Papachristou |Gary Dixon
The US and China announced on Monday a mutual decrease in the tariff hikes they levelled at each other last month as talks for a global settlement continue. Following negotiations over the weekend in Switzerland, the two governments committed to reverse part of the punitive tariffs they announced when their trade war flared up. Shipping company stocks were sparked into life on Monday even before the announcement, based on optimistic comments by US officials over the weekend.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
Three major Greek shipping names are investing in a fintech IPO due to be completed in Athens on Friday. Investment vehicles for the Latsis, Moundreas and Kyriakou shipping families have committed to subscribe for a large slice of the shares in Qualco, a Greek software, technology and portfolio management firm. Latsco Hellenic Holdings and Kyriakou’s Antenna Group have each signed up for 3.4m
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1 week ago | 
tradewindsnews.com | Harry Papachristou |Eric Priante Martin
US-listed Okeanis Eco Tankers has purchased three VLCCs from their Chinese lease financier, with the aid of cheaper loans provided by a Greek bank. The move can also be seen as part of company efforts to reduce its exposure to China and lower risk from US measures taken against Beijing as part of the ongoing trade war between the two countries.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
Capital Clean Energy Carriers clinched long-term employment for a pair of large LNG newbuildings two years ahead of their completion. The Evangelos Marinakis-backed gas carrier owner described the multi-year deals with unidentified charterers as a good sign for its future business, in the teeth of struggling spot markets for such ships.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
Gas carrier owner Capital Clean Energy Carriers clinched long-term employment for a pair of large LNG newbuildings two years ahead of their completion. The Evangelos Marinakis-backed firm described the multi-year deals with unidentified charterers as a good sign for its future business, in the teeth of struggling spot markets for such ships.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
Fresh from acquiring a pair of small LPG carriers, Waruna Nusa Sentana has completed its first tanker acquisition in more than a year. Shipping data banks show the Jakarta-based company, which is one of Indonesia’s biggest ship owners, as new manager of the 38,500-dwt Phoenix AN (built 2005). The vessel had been so far in the fleet of Greek company Ancora Investment Trust, which divested the tanker at exactly the same price it paid to acquire it 13 years ago.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
Pyxis Tankers, an Nasdaq-listed owner of midsize product and bulk carriers, is arranging fresh financing to expand its fleet. The Athens-based company led by Valentios “Eddie” Valentis has signed a commitment letter with one of its existing lenders for a “hunting licence” loan facility of up to $45m, it announced on Wednesday. Pyxis, which owns three MR product tankers and controls as many bulkers, said it will use the funds to potentially buy two more vessels similar to the ones it already has.
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1 week ago | 
tradewindsnews.com | Harry Papachristou |Ian Lewis
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1 week ago | 
tradewindsnews.com | Harry Papachristou |Ian Lewis
We process your data to deliver content or advertisements and measure the delivery of such content or advertisements to extract insights about our website. We share this information with our partners on the basis of consent and legitimate interest. You may exercise your right to consent or object to a legitimate interest, based on a specific purpose below or at a partner level in the link under each purpose.
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1 week ago | 
tradewindsnews.com | Harry Papachristou
In 1975, the late Greek shipping tycoon Spyros Latsis personally financed a fleet of dredgers to clear the Suez Canal, reopening it to traffic after eight years of closure due to conflict in the Middle East. Five decades on, Latsis’ granddaughter, Erietta Kourkoulou Latsis, and her husband, Vyron Vasileiadis, are involved in another initiative, which the Egyptian waterway has described as key to its future.
