Hellenic Shipping News Worldwide

Ship recycling activity remained lacklustre last week, with markets across key recycling destinations closed during the holiday period. Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said in its weekly report that “as operations now begin to resume, early market signals are beginning to emerge. The global ship recycling market faced a broadly weaker …

The ICS Maritime Barometer Report 2024-2025, launched today by the International Chamber of Shipping (ICS), reveals a steady decline in confidence among global maritime leaders to manage the risks posed by increasing political instability, alongside a growing array of interconnected threats. The release of the report sets the context for discussions at the Shaping the …

The maritime sector is entering a decisive decade. Regulatory frameworks are tightening, decarbonisation targets are drawing nearer, and investment decisions are becoming increasingly high stakes. From IMO 2030 and 2050 milestones to regional policies like Fuel EU Maritime and EU ETS, shipowners today are navigating a fast-evolving environment—one that demands not only compliance, but clarity …

A new factor which could alter the current “status quo” in the global iron ore and dry bulk market is entering the foray. In its latest weekly report, shipbroker Intermodal said that “the long-awaited Simandou iron ore project in Guinea is poised to shift the global dynamics of iron ore supply and maritime trade. With …

IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry’s need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Forum in Monaco (8 June). The global shipping industry is preparing for a net-zero transformation that will have a sector-wide impact on everything …

The maritime industry is at a pivotal juncture, navigating complex regulatory waters with two prominent frameworks shaping the future of ship recycling: the Hong Kong International Convention (HKC) and the European Union Ship Recycling Regulation (EUSRR). Both frameworks address significant environmental and occupational safety concerns, but differing standards and implementation requirements have created confusion and …

The clean tanker market is expected to face a series of changes, as refining capacity is expected to shift. In its latest weekly report, shipbroker Gibson said that “total global refining capacity has been in an upwards trend for a long time, and years with declines are rare, barring those caused by overarching events such …

New orders declined sharply in the first few months of 2025, reaching historically low levels, as shipowners avoid long-term investment decisions. The subdued ordering activity will persist until at least October 2025, with only a gradual recovery anticipated thereafter. A more substantial rebound in new orders is likely to materialise from 2028. Uncertainty in the …

Capesize The Capesize market enjoyed a strong upward trajectory this week, driven by consistent gains in the Pacific and mounting support in both South Brazil and the North Atlantic. The BCI 5TC rose steadily from $19,071 on Monday to $23,572 by week’s end, reflecting robust demand and tightening tonnage across both basins. In the Pacific, …

The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump’s energy emergency directives. The approval authorizes the Montana-based coal company to recover 22.8 million metric tons of federal coal and 34.5 …