Hellenic Shipping News Worldwide

MEPC 83 has given increased clarity to maritime’s decarbonisation imperative and the tools at hand to deliver it. But in practice, while regulations, targets and technology advance, progress remains more uneven than the projections suggest – and the risk of falling short grows. That’s why benchmarking matters. Earlier this year, LR introduced the Global Maritime …

Dry bulk demand is expected to remain soft throughout 2025, with a few exceptions. In its latest weekly report, shipbroker Intermodal said that “the Baltic Dry Index is on a downward trend, suffering losses of 28% since mid-June, reading 1,431 at the time of writing. This drop is primarily driven by softening market conditions in …

Real momentum is building behind the global shipping industry’s transition towards a zero-emission future. Over the last couple of years, the industry has been undertaking preparatory work to meet the International Maritime Organization’s (IMO) 2023 Revised GHG Strategy. The IMO reached another milestone this April, agreeing to a Net Zero Framework that outlines the regulations …

The drive for sustainability in shipping, particularly as a result of FuelEU, which took effect on January 1, 2025, is leading to significant growth in the use of dual-fuelled vessels. The most common of these can consume both traditional fuels (like VLSFO1) and LNG2. We are now seeing an increase in claims relating to the …

Tanker supply is expected to keep growing throughout 2027, despite slow newbuilding activity since the beginning of 2025, since a large number of orders during the 2023-2024 will hit the water. In its latest weekly report, shipbroker Gibson said that “tanker ordering activity for vessels above 25,000 dwt has dropped sharply this year, with total …

Capesize The Capesize market reflected a cautiously optimistic tone this week, with firm activity in the Pacific and a gradually improving Atlantic. The Pacific was active throughout, with all three major miners eventually engaging the market. C5 rates softened steadily from early-week highs of $7.60 to $7.35–$7.45 by midweek, although sentiment turned sharply more bullish …

The IMO is making significant progress towards modernising global maritime safety regulations, with new regulations that seek to enhance standards in order to accommodate new technologies and fuels, while making the maritime industry more adaptable and receptive to innovation. The complexity of maritime safety is evident from the wide variety of topics currently on the …

The EU retained its lead as the biggest LNG importer, significantly increasing its imports during the first half of the year. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to diversify away from Russian …

This week’s Chart Market Monitor highlights the significant increase in Brazilian crude oil shipments to China, which reached a record 93.6 million barrels in Q2 2025, marking a 53% rise from Q1 and a 60% year-on-year surge compared to Q2 2024. These are the highest second-quarter volumes recorded in recent years, far surpassing previous benchmarks …

The first half of 2025 has seen global trade continue its upward trajectory, albeit under the persistent shadow of “increasing trade policy uncertainty, ongoing geopolitical tensions, and a challenging global economic environment”, according to the latest UNCTAD Global Trade Update, which presents a picture of resilience amid significant headwinds. Global trade expanded by an estimated …