Hellenic Shipping News Worldwide

The tanker market faced a downward correction during the month of December, OPEC said in its latest monthly report. Dirty tanker spot freight rates dipped in December following the strong gains seen in recent months. VLCC spot freight rates experienced a drop, but remained at strong levels on continued demand for long-haul flows. Spot freight …

Chart of the Week| AG Supply Vs Demand • Despite some encouraging short-term signals, the underlying demand is not yet strong enough to fully warrant the current positive sentiment in the VLCC market. • AG freight conditions have improved from the early-January extremes, alongside a roughly 20% reduction in net vessel supply from recent peak …

In the race to re-fuel the shipping industry with environmental alternatives to heavy fuel oil, methanol has its staunch supporters. The greener, leaner fuel also has a firm foundation to build on. Marius Leisner, senior principal consultant in the Environmental Advisory unit at DNV, said methanol boasts a “ten-year track record as a marine fuel”, …

The tanker market could be thrust forward by the potential scrapping of some 350 tankers, which are estimated to form a main part of the sanctioned Venezuelan trade. In its latest weekly report, shipbroker Xclusiv said that “the first weeks of 2026 have delivered a tectonic shift to the global tanker market, as the U.S. …

2025 marked a turning point for shipping’s decarbonisation journey. In September, shipowners faced their first compliance deadline under the EU Emissions Trading System (EU ETS), requiring vessels that called at EU ports in 2024 to surrender carbon allowances for their verified emissions. These payments were made in the form of EU Allowances (EUAs), which are …

The global shipping industry has reached a historic turning point. After more than two centuries of reliance on fossil fuels, shipping has begun to transition towards cleaner propulsion systems as climate commitments tighten and regulatory frameworks take effect. The International Maritime Organization (IMO) has committed to net-zero greenhouse gas (GHG) shipping emissions by or around …

The ship recycling market had a modest week overall. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India “the market softened drastically by the end of the week, as sentiment turned sharply weaker following fresh concerns linked to a potential 500% U.S. tariff threat under a …

This weekly market monitor provides an analysis of the latest freight market developments. The focus is on Capesize losses, the subsequent downward adjustments in iron ore flow volumes, and the latest supply signals as indicated by ballasters. Sharp correction since the December peak highlights near-term pressure, though levels remain above last year (+51%) Key Takeaways …

“In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. China is the world’s largest importer of coal and the destination …

A raft of new deals were reported as 2026 is now underway. In the newbuilding market, shipbroker Banchero Costa said in its latest weekly report that “in the bulk sector, Nantong Xiangyu secured an order from Swiss company Mercuria Energy Trading for 2 x 211,000 dwt newcastlemax vessels. Both vessels will be conventional fuel propulsion …