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Current Media Mentions for Basil M. Karatzas

We are taking pride to always be up-to-date with our business , and, if possible, a little ahead, as once a highly successful executive of a top notch company presciently said. 479 more words

Basil M Karatzas

Yard Talk | Newbuilding orders collapse but shipbuilders are not in price war mode

(Lloyd’s List) Quarterly figures show the shipbuilding industry is in the middle of a downturn

LATEST quarterly newbuilding figures suggest the shipbuilding industry has formally entered a down cycle, with order collapses being witnessed across most sectors and nations. 852 more words

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Anangel scraps older capes as it swoops on Scorpio trio

Anangel has sold the 22-year-old capesizes Anangel Solidarity and Anangel Pride, pictured, for demolition.

(Lloyd’s List) New data shows Greeks favour Japanese tonnage for secondhand buys… 406 more words

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Anangel scraps older capes as it swoops on Scorpio trio

(Lloyd’s List) ANANGEL Maritime Services, the dry arm of the Angelicoussis Shipping Group, is flushing some of its older bulkers from the fleet as it works on clinching a swoop for three capesize newbuildings from Scorpio Bulkers. 380 more words

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Capes market in painful stasis as Scorpio Bulkers sells at a loss

(Lloyd’s List) BIMCO argues that China tax cut to domestic producers will have ‘toxic’ effect on dry bulk market

CAPES remained in loss-making territory for yet another week, with rates at $9.98 per tonne for the voyage from Tubarao in Brazil to Qingdao in China, and West Australia rates at $4.38 per tonne, down slightly from $4.44 per tonne the week before, according to Baltic Exchange Thursday daily averages. 547 more words

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(Lloyd’s List) A NEW spate of reported orders for large boxships is set to see the world containership fleet expand greatly in terms of capacity over the next few years. 582 more words

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New Shipping buys 15-year-old VLCC for $27m, highlighting demand trend

(Lloyd’s List) Owners expand fleets with old VLCCs or new ones, rather than anything in between

NEW Shipping has bought the 15-year-old Japanese very large crude carrier… 226 more words

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