Basil Karatzas

Basil Karatzas

Basil Karatzas

info@karatzas.com

Basil M. Karatzas is the CEO of Karatzas Marine Advisors & Co. http://www.karatzas.com, a shipping finance advisory and ship-brokerage firm based in the New York City. Basil has more than fifteen years shipping market expertise, and holds an MBA in International Business and Finance from Rice University in Houston, Texas

bulk carrier

Is the Dry Bulk Tramp Trade at an Inflection Point?

By Basil Karatzas 2017-12-01 15:58:08

As punishingly brutal as the shipping industry can be in bad times, it’s fulfillingly rewarding in good times. Who can forget the days from a decade ago when Capesize bulkers were earning $250,000 per diem and the ships themselves were...

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Wall Street

Setting Sail (Again) on Wall Street

By Basil Karatzas 2016-12-13 16:38:12

Shipping is an industry full of surprises. And volatility. Up until February of this year the surprise had been mainly about the terrible state of the freight markets. The last few months, however, have surprised on the upside. Freight rates...

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Hanjin

Moral Hazard Case Study: Hanjin Shipping

By Basil Karatzas 2016-09-06 17:51:45

Not a week has passed since we posted an article on The Maritime Executive’s website about moral hazard in shipping and already the shipping world has got a big-proportioned, real-life case study of the risks in the industry. We...

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euros

Shipping's Moral Hazard

By Basil Karatzas 2016-08-30 21:21:30

Low freight rates have been a concern for a great number of reasons and a wide range of market participants. Shipowners faced with weak cash flows cannot perform on their loans, causing problems for lenders. Investors faced with...

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Bulkers

Posidonia 2016 at BDI 600

By Basil Karatzas 2016-06-13 20:55:48

The biennial shipping exhibition of Posidonia in Greece just ended with another stellar performance for the venue, with 22,000 attendees and 1,800 exhibitors from 90 countries. In terms of attendance, it was up by 14% from another stellar year, in...

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CWinner

The Banking System's "Safety Trap"

By Basil Karatzas 2016-05-02 20:44:58

Times for most shipping sectors are very tough, by many standards, even if one takes a long-term historical perspective. The Baltic Dry Index is up almost 100 percent in the last forty days – and still, dry bulk vessels are...

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cloud

Silver Linings in a Cloudy Shipping Landscape?

By Basil Karatzas 2016-03-01 18:41:47

The precipitous decline of the Baltic Dry Index (BDI) and the multiple readings of all-time lows earlier this year have brought the abysmal state of the dry bulk market to the front pages of the international business press. Effectively, all...

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Breaking

Uncharted Waters for Shipping

By Basil Karatzas 2015-11-25 13:34:07

Having returned from a lengthy business trip to Europe, one has the feeling that something is different this time with the shipping markets. We all knew that the market has been through some rough seas ever since the monumental collapse...

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SS United States

Saving the Steamship SS United States

By Basil Karatzas 2015-10-20 19:25:51

She was called the unsinkable ship, built in 1912 to the latest technological developments of her time and the highest standards of luxury, so that only the super-rich of the time could afford for her palatial staterooms. Tragically, RMS Titanic...

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Capesize Ship

'High and Dry': For how long?

By Basil Karatzas 2015-06-12 17:56:08

Since the Baltic Dry Index (BDI) established all-time lows in February this year, the ensuing negligible recovery has only driven deeper the belief that the dry bulk market (and likely other shipping sectors) may be in a structural market trough....

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