Capital Product Partners today released its financial results for the first quarter ended March 31, 2013. Mr. Ioannis Lazaridis, Chief Executive and Chief Financial Officer of the Partnership's General Partner, commented: "We are very pleased to have acquired two 5,023 TEU container vessels with long term period charters, partly financed by the proceeds from our 9.1 million Class B Convertible Preferred Unit issuance..."

Danaos reported unaudited results for the quarter ended March 31, 2013. Danaos' CEO Dr. John Coustas commented: "Despite this challenging container market environment, we are reporting yet another solid quarter. Adjusted Net Income for this quarter came in at $13.9 million or 13 cents per share, $3 million lower than the first quarter of 2012 due to the weaker charter market today when compared to 1 year ago..."

Globus Maritime Ltd, reported its unaudited consolidated operating and financial results for the 4th quarter and year ended December 31, 2012. George Karageorgiou, President, CEO and interim CFO of Globus Maritime Limited, stated: "Fiscal year 2012 was a challenging period for our company as our results were negatively affected by weak freight rates reflecting the ongoing instability and weakness in the dry bulk market..."

New York-listed Tsakos Energy Navigation on Monday announced plans to issue Series B cumulative redeemable perpetual preferred shares in a public offering. Proceeds will be used for “general corporate purposes”, which may include “making vessel acquisitions or investments”, according to a statement issued by the company.

Scorpio Tankers today reported its results for the three months ended March 31, 2013.For the three months ended March 31, 2013, the Company had net income of $6.6 million. For the three months ended March 31, 2012, the Company had an adjusted net loss of $0.6 million, excluding a $4.5 million, or $0.12 per share, loss from the sales of vessels...

Norway's largest bank, DNB, said it may have seen the worst for bad loans in the troubled shipping sector and forecast stronger lending income in the months ahead after reporting better than expected first-quarter profits.

China COSCO Holdings Co Ltd , the flagship of the country's biggest shipping conglomerate, made a net loss of 2 billion yuan (US$324 million)in the first quarter as its bulk cargo business struggled to recover from a lingering industry slump due to a supply glut and weak global economy.

Paragon Shipping announced its results for the three months ended March 31, 2013. Commenting on the results, Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping, stated, "Year to date, the drybulk shipping market continues to be challenging with weak charter rates, but we are finally starting to see the light at the end of the tunnel as the orderbook has declined dramatically and deliveries of newbuildings will slow down...