Basil Karatzas

  In a very interesting recent transaction in the dry bulk market, Sea Traders of Greece has acquired at auction in China eight modern dry bulk vessels, three kamsarmaxes and...

  In Greek mythology, Poseidon was the god of the waters and oceans, and bearing a trident, he was riding imperially in a sea-chariot or playfully accosted by dolphins about...

At a recent shipping conference, we were asked to present on the topic of smart investments in shipping given the present phase of the business cycle. The shipping industry is...

Visiting with clients in shipping during recent trips to Europe, one can positively see the angst and anguish emanating from the state of the dry bulk market. Most segments of...

The last couple of weeks have brought the slimmest hope that springtime may be forthcoming for the much beleaguered dry bulk market; we are not talking about signs of an...

The involvement of the private equity in the shipping industry has consumed plenty of ink and has rekindled not too little of a hope for an industry in distress; since...

Since the beginning of the shipping crisis, it seems fewer topics have drawn more attention than private equity (PE) funds interested to invest in shipping. When capital markets and shipping...

Six years into the shipping crisis, the debate still rages whether there is light at the end of the tunnel. There have been market gyrations among market segments and asset...

In May 2008, capesize vessels – hard to believe now – were averaging $155,000 pd on the spot market, while the ‘front leg’ of the trade Tubarao (Brazil) to Qingdao...

There are crocodile tears, but salt tears are always the ones that are genuine, memorable, passionate and sometimes pedagogical. It has been said that the cure for everything is salt,...

We often tend to pay special honors, and rightly so, to the crucial battles that took place at decisive moments and changed the course of a war or possibly history,...

For once, attendance has set a new highmark and reconfirmed Posidonia as the premier event of the shipping industry, and by association, Greece as a major shipping cluster.

In 1936, Cunard White Star Line Limited’s chairman Sir Percy Bates was granted an audience with King George V to inquire about a sensitive matter, to get the king’s consent...

She was built as an unsinkable ship, a claim allegedly attributed to Bruce Ismay, the managing partner of the White Star Line, the direct shipowning company of the famous RMS...

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the shipping market translating to higher...

Earlier today, January 21st, 2014, Teekay Tankers Ltd. (NYSE:TNK) and Teekay Corporation (NYSE:TK) announced the creation of Tanker Investments Ltd. (TIL) with the intent ‘to opportunistically acquire, operate and sell modern secondhand tankers to...

With the holidays behind us, shipping slowly returns to daily routine of moving cargoes (we should never forget what shipping is all about) and everyone having a stake in the...

Ever since people tried to navigate the seaways, the prevailing weather has always been very crucial to the success of expeditions. To steer away from trouble like storms and hurricanes,...

Tall ships are the last few living objects of ages past, like hands with long arms protruding from the past to our times, like long piers coming to our life...

In a week expected to be dominated by otherwise routine festive celebrations, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) announced that it has entered into a definitive agreement to acquire...