Hellenic Shipping News Worldwide

The current Chinese property market crisis is expected to translate to lower demand for dry bulk carriers. In its latest weekly report, shipbroker Intermodal said that “China’s property sector remains entrenched in a deep correction in 2025, with no signs of near-term stabilization. Floor space under construction, new starts, and residential completions are all falling …

With the FuelEU Maritime regulation in force, questions around reporting requirements, fuel allocation, exemptions and fuel certification have become increasingly common. In response to feedback and concerns from our customers, this statutory news aims to clarify these aspects of the regulation and provide guidance on compliance. Fuel allocation and certification FuelEU Maritime: Key updates on …

We bring you two developments in relation to the employment of seafarers. Firstly, following negotiations in Geneva, the International Chamber of Shipping and the International Transport Workers’ Federation have welcomed the introduction of a new minimum wage for seafarers. Secondly, significant amendments have been made to the UK Government’s draft Employment Rights Bill, originally published …

The tanker market can’t keep relying on China’s imports, which have been a major growth factor during the past couple of decades. In its latest weekly report, shipbroker Gibson said that “in the past decade, oil demand has been defined by rapid growth in the Chinese economy, with the country responsible for 60% of global …

Indian import volumes show a more modest decline: quarterly volumes were nearly flat versus Q1 2025 and down roughly 12% year-over-year, though monthly data reveals a steady drop since March, with June shipments falling over 10 million barrels. It’s important to understand that Russia’s crude oil remains legally accessible in Asia. While the European Union and …

Greek tanker operators shipping approved Russian oil exports are expected to continue doing so despite a new wave of tougher sanctions by the European Union that will further tighten restrictions, shipping sources said on Friday. Much of Russia’s oil is now exported by a so-called “shadow fleet” of unregulated tankers, but shipping data shows Greek-owned …

Capesize The Capesize market experienced a strong and sustained rally this week, underpinned by firm sentiment and positive momentum across both basins. The BCI 5TC surged by $5,942 to close at $25,575, driven by tightening tonnage lists and increased cargo volumes, particularly on the South Brazil and West Africa to China routes. In the Pacific, …

Coal exports from Australia, the second largest seaborne exporter have been down so far. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jun 2025, global seaborne coal loadings declined by -7.9% y-o-y to 619.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jun 2025, exports from Indonesia …

Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly, Houthi activity in the Red Sea threatens shipping through the Suez Canal. Oil sanctions continue to disrupt global energy markets, while evolving …

The escalating sanctions regime against Russia is reshaping trade flows, supporting parallel markets, and challenging traditional oversight. In yesterday’s Baltic Exchange Sanctions Policy Update webinar Jos Standerwick, chief executive of Maritime London, and Daniel Martin, a partner and lead for HFW’s sanctions team, spoke about the complexities of the evolving sanctions environment and its implications …