We are taking pride to always be up-to-date with our business , and, if possible, a little ahead, as famously once a highly successful executive of a top notch company presciently said. At the shipping finance advisory and ship broking firm Karatzas Marine Advisors & Co., we measure our success not only by the number and size of the transactions we work on and successfully conclude, and the caliber of the shipowners and clients we work with, but also by the times we were honored to provide current market information, insight, opinion and counsel to maritime, finance and trade topics to highly respected publications.
Monetary controls in Greece squeeze consumers and business, June 29th, 2015, The New York Times. Basil Karatzas is quoted in reference to the impact of the bank closings and imposition of capital controls may have to the shipping industry. Link to a pdf version of the article can be found here.
Ships scrapped as freight rates fall, June 12, 2015, The Wall Street Journal. Basil Karatzas is quoted in reference to increased levels of demolition of older vessels in a weak freight environment and the impact on the shipping markets. Link to a pdf version of the article can be found here.
Costly bet on big cargo ships comes up short, June 1, 2015, the Wall Street Journal. Containerships have more than doubled in size in the last seven years, and ambitions are high for even bigger ships; however efficiencies are not always commensurate as the rest of the supply chain has to improve. Link to a pdf version of the article can be found here.
Financial distress plagues dry-bulk carriers, June 16, 2015, Daily Bankruptcy Review, Dow Jones. Article on page 10. With dry-bulk freight rates hovering at 30-year lows, most types of dry bulk vessels are operating below cash breakeven; once the seasonally slow summer is over, filings in the US and elsewhere can get a second wave.
Additional links to articles and media mentions for Basil Karatzas and Karatzas Marine Advisors & Co. can be found on the Shipping Finance by Karatzas Marine blog by following the link here.
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