Hellenic Shipping News Worldwide

The ship recycling market has been sluggish over the past week, but sentiment could be shifting optimistic soon. In its latest report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across India, Bangladesh, Pakistan, and Türkiye continue to face a mix of stagnation and cautious optimism. In India, …

The President of the Union of Greek Shipowners (UGS), Ms Melina Travlos, and members of the UGS Board of Directors met today with the European Commissioner for Sustainable Transport and Tourism, Mr Apostolos Tzitzikostas, in Brussels to confirm the continuing commitment of Greek shipping to the long-term security and economic resilience of the EU. The …

The dry bulk freight market is currently experiencing a significant upswing, primarily fueled by a notable decrease in the number of ballasters on the C3 route. This has led to anticipation of a market undersupply in the coming weeks, fostering a bullish sentiment among market participants. Iron Ore Dynamics and China’s Strategic Positioning China is …

Amid the ongoing trade war between USA and the rest of the world, shipbuilding activity remain rather lackluster, with a lot of questions regarding Chinese yards still in play. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, the German company Peter Doehle exercised options for 2 x 8,400 teu …

Danish Shipping has launched its recommendations following a summit in Copenhagen attended by representatives from shipping companies, fuel producers, authorities, the Minister for Industry, Business and Financial Affairs, and others. A joint effort and political focus are essential to ensure that the industry’s ambitious climate goals are met. A significant part of the solution must …

Ahead of the European Shipping Summit, European Shipowners release today a Deloitte study on the EU Shipping Competitiveness and a CE Delft study on the economic value of European shipping. European shipping represents a geopolitical asset for Europe facilitating the export and import of goods, food and energy, a Deloitte study finds. Whilst the EU …

USA, India, Vietnam could emerge among the leading gainers from US’ new policies when it comes to the shipbuilding industry. In its latest weekly report, shipbroker Intermodal said that “in view of President Trump’s declared intention to “Make America’s Shipbuilding Great Again,” we aim to shed some light on the global shipbuilding market dynamics. An …

Worldwide, policy-makers and industry leaders are ramping up the decarbonization of “hard-to-abate” sectors such as shipping and the chemical industry. While electrification has advanced this process for passenger cars, buildings and some industries, it remains challenging for energy-dense and high-temperature applications. This is where electro-methanol (e-methanol) stands out. Produced by combining green hydrogen with captured …

The global economy has been resilient in 2024, but some signs of weakness are appearing against a backdrop of slower growth, lingering inflation and an uncertain policy environment, according to the OECD’s latest Interim Economic Outlook. The Outlook projects global growth slowing to 3.1% in 2025 and 3.0% in 2026, with important differences across countries …

The tanker market has been facing a flurry of sanctions of late, with Russian and Iran oil trades in the forefront. In its latest weekly report, shipbroker Gibson said that “just before the end of his presidency, the Biden administration gave a parting gift to the tanker markets as the Office of Foreign Assets Control …