Latest news with #Greece-based
San Francisco Chronicle
05-08-2025
- Business
- San Francisco Chronicle
Danaos: Q2 Earnings Snapshot
ATHENS, Greece (AP) — ATHENS, Greece (AP) — Danaos Corp. (DAC) on Monday reported net income of $130.9 million in its second quarter. The Athens, Greece-based company said it had net income of $7.12 per share. Earnings, adjusted for non-recurring gains, were $6.36 per share. The shipping company posted revenue of $262.2 million in the period. Its adjusted revenue was $239 million.
Reuters
29-07-2025
- Politics
- Reuters
Greek ship manager 'relieved' to see Houthi video showing missing seafarers alive
ATHENS, July 29 (Reuters) - The Greece-based manager of a vessel that sank after being attacked by Houthi militants off Yemen earlier this month expressed relief on Tuesday after seeing a video showing 11 missing crew members alive. The six-minute video was released by the Iran-aligned Houthis, who said on Monday they had rescued the seafarers from the Liberia-flagged Eternity C cargo ship. In a statement, the Athens-based ship management company said efforts were continuing to ensure the sailors' "safe and swift return home to their families". "Cosmoship Management is deeply relieved to see in video footage released by the Houthis on ... 28 July that ten of our missing crew members, as well as one of the vessel's security guards (11 in total), are alive and appear to be receiving care," it said. The Philippine government confirmed on Tuesday that nine of the rescued seafarers were Filipinos. Migrant workers minister Hans Cacdac said the sailors were in "good physical condition" based on accounts from their families, and that the government was working to secure their release and safe return. Cosmoship added that it hoped the Houthis "will release our crew at the earliest opportunity". The Eternity C was the second ship to sink off Yemen this month after repeated attacks by Houthi militants with sea drones and rocket-propelled grenades. Another Greek-operated vessel, the Magic Seas, had gone down days earlier. The strikes on the two vessels marked a revival of attacks on shipping by the Houthis, who hit more than 100 ships between November 2023 and December 2024 in what they said was a show of solidarity with the Palestinians in the war in Gaza. Eternity C's crew and three armed guards were forced to abandon the ship following the attacks. Ten of them were rescued by a privately led mission, while five more are feared dead. On Monday, the Houthis released a six-minute video showing pictures of the missing seafarers, with some of them apparently talking to family members by phone. They also showed testimonies saying that the crew members were not aware of a maritime ban by Houthis against vessels sailing to Israeli ports. They said the vessel was heading to Israel's Eilat Port to load fertilizers. Reuters could not independently verify the footage.
Observer
09-07-2025
- Observer
Greek ship sinks in Red Sea after attack: 4 dead, 7 rescued
Rescuers pulled seven crew members alive from the Red Sea on Wednesday and were searching for 14 still missing from the second of two freighters sunk within two days by suspected Ansar Allah attackers. Four of the 25 people aboard the Eternity C cargo ship were killed before the rest of the crew abandoned the vessel, which sank on Wednesday morning after being attacked on Monday and Tuesday, sources at security companies mounting the rescue said. The seven seafarers who were rescued had spent more than 24 hours in the water, they said. There was no comment from the Ansar Allah on the fate of the Eternity C, but the group claimed responsibility for a similar attack on Sunday targeting another ship, the Magic Seas. All crew from the Magic Seas were rescued before it sank. The attacks on the two ships renew a campaign by the fighters, who had attacked more than 100 ships from November 2023-December 2024 in what they said was solidarity with the Palestinians, but had halted their campaign this year. "We will continue to search for the remaining crew until the last light," said an official at Greece-based maritime risk management firm Diaplous. "We aim at a peaceful operation," the official said earlier. Both of the ships that were attacked flew Liberia flags and were operated by Greek firms. Eternity C was first attacked on Monday afternoon with sea drones and rocket-propelled grenades fired from speed boats by suspected Yemen-based Ansar Allah, maritime security sources said. Lifeboats were destroyed during the raid. By Tuesday morning the vessel was adrift and listing. Two security sources said on Wednesday that the vessel was hit again with sea drones on Tuesday, forcing the crew and armed guards to abandon it for the sea. The Ansar Allah stayed with the vessel until the early hours of Wednesday, one of the sources said. There were fears that some of the crew who jumped into the water may have been kidnapped by Ansar Allah, the source added. Skiffs were in the area as the rescue efforts were under way. The crew comprised 21 Filipinos and one Russian. Three armed guards were also on board, including one Greek and one Indian, who was one of those rescued. The vessel's operator, Cosmoship Management, has not responded to requests for confirmation of casualties or injuries. But if confirmed, the four reported deaths would be the first fatalities involving attacks on shipping in the Red Sea since June 2024. Greece has been in talks with Saudi Arabia, a key player in the region, over the latest incident, according to sources. The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities. Traffic has dropped since the Ansar Allah began targeting ships in November 2023 in what the group said was solidarity with Palestinians against Israel in the Gaza war. — Reuters
Libya Review
06-07-2025
- Business
- Libya Review
Greek Oil Tanker Damaged by Suspected Explosive Device off Libyan Coasts
A Greek oil tanker was likely damaged by an external explosive device while sailing off Libya's coast last week, its operator confirmed on Sunday, raising new concerns about maritime security in the region. TMS Tankers, the Greece-based operator of the Vilamoura tanker, stated that a preliminary investigation indicates the blast was caused by an external source, most likely an explosive device. The incident occurred as the Marshall Islands-flagged Vilamoura was traveling from the Libyan port of Zuetina on June 27 with about one million barrels of crude oil bound for Gibraltar. 'The initial investigation clearly shows that the explosion, the resulting hull damage, and the flooding of the engine room were caused by an external source—an unidentified explosive device,' TMS Tankers said in its statement. According to maritime security sources cited by Reuters, the damage may have been caused by a limpet mine, a type of underwater explosive often used in sabotage attacks on vessels. If confirmed, this would be the fifth such maritime incident reported in the region in recent months, highlighting the growing risks facing commercial shipping near Libya. Following the explosion, the Vilamoura lost propulsion due to severe flooding but remained afloat. The vessel was later towed safely to Greek waters, arriving at Laconikos Bay. TMS Tankers confirmed that all crew members are safe and in good health. The incident puts renewed focus on maritime security off Libya, particularly near oil export terminals, which are vital for the country's fragile economy. While the perpetrators remain unidentified, the attack underscores the vulnerability of vessels passing through Libyan waters, where political instability, smuggling, and armed conflict have long posed serious risks. The explosion also raises fresh concerns for the global oil trade and the safety of vessels transporting crude from Libya, a major exporter in the Mediterranean region. Tags: ExplosionGreek TankerlibyaLibyan Coastsoil
Straits Times
06-07-2025
- Straits Times
Explosive device likely damaged Greek tanker off Libya last week, operator says
Sign up now: Get ST's newsletters delivered to your inbox ATHENS - An external explosive device most likely caused the blast that damaged Greek oil tanker Vilamoura as it was sailing off the Libyan coast last week, the vessel's Greece-based operator TMS Tankers said on Sunday, citing an initial investigation. The Marshall Islands-flagged tanker Vilamoura had left the Libyan port of Zuetina on June 27 to head to Gibraltar with some 1 million barrels of oil when there was an explosion in the engine room. "Preliminary investigation findings clearly indicate that the explosion, the resulting fracture of the side shell plating, and the flooding of the engine room were caused by an external source —an unidentified explosive device," TMS Tankers said. Maritime security sources told Reuters last week that a limpet mine may have caused the blast on Vilamoura, the fifth such incident to hit commercial shipping in the region in recent months. Following the explosion and the flooding of its engine room the vessel lost manoeuvrability, although it was able to be towed towards Greece. The vessel has now arrived safely at Laconikos Bay in Greece and its crew are in good health, the operator added in a statement. REUTERS
