The $25 million for a single voyage is perhaps the most telling sign of how quickly the landscape has changed in the large tanker market. The Angelikoussi Group is among the first to capitalize on the new situation, securing a particularly strong fixture for the group’s VLCCs bound for the United States. The freight rate reflects a market in which available vessels are becoming scarcer, distances are increasing and charterers are being asked to pay significantly more to secure capacity.

Yesterday's induction ceremony into the Greek Shipping Hall of Fame, which took place at the Athens Concert Hall, had a clear historical depth, as it coincided with the 80th anniversary of the pivotal year 1946, the year in which the sale of American Liberty ships to Greek shipowners began, marking the rebirth of Greek-owned shipping. This juncture gave the event an anniversary character. Not only individuals were honored. An entire historical transition was honored. From the destroyed Greek-owned merchant shipping of 1945, to its explosive rise in the following decades, which led it to the top of the world. Within this context, the inclusion of two personalities in the Pantheon of Greek Shipping, Nikolaos Frangos and Kadio Sigala, functions not only as recognition of their individual journeys in the shipping business but as a representative reflection of an entire era.

In a deeply emotional and highly symbolic ceremony, Captain Panagiotis Tsakos, founder of the Tsakos Group, launched last Friday, June 6, the newly built tanker of Tsakos Energy Navigation (TEN), which was named “Dr. Irene Tsakos”, in honor of his late wife, Dr. Irene Saroglou-Tsakos.