Hellenic Shipping News Worldwide

The ship recycling market is trying to find a renewed sense of footing, as the transition towards HKC-compliance is underway, while geopolitical tensions flared once more, negatively impacting the market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “this week offered little change across key ship recycling …

“We forecast a stable demand outlook for the container shipping sector in line with our previous report despite the uncertainties introduced by new US trade policies. We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our ship demand growth forecast now excludes a return to normal Red Sea and Suez …

​This year, the theme #MyHarassmentFreeShip calls attention to the urgent need to eliminate bullying and harassment in the maritime industry and to foster a culture of dignity, safety, and inclusion onboard every vessel. On 25 June, the International Maritime Organization (IMO) leads the global celebration of the Day of the Seafarer – a day designated by the …

The LNG tanker market could benefit from a rise in global LNG supply, which can offset the current fleet imbalance. In its latest weekly report, shipbroker Intermodal said that “the global LNG carriers’ market is currently navigating a period of headwinds. Subdued conditions are primarily driven by reduced demand from shorter-haul trades and an ongoing …

The huge intra-Asia container shipping market is regarded as relatively stable and robust, but will renewed capacity growth and softer demand change this? Total effective shipping capacity deployed by carriers across all intra-Asian trades increased 8% between April and May, an increase of 646 kteu that is jeopardising the relative stability that characterises most of …

Engines running on Bio-blends containing Fatty Acid Methyl Esters (FAME), especially pure FAME, e.g. 100% FAME can experience decreased engine oil viscosity over time. Fuel oil contamination in engine lubricants is a known phenomenon, and most marine-grade engine oils are formulated to tolerate certain levels of such contamination while maintaining operational performance. The impact of …

The tanker market showed mixed performance during the month of May, but June is expected to be a completely different story. In its latest monthly report, OPEC said that dirty tanker spot freight rates saw mixed movements in May. Aframax and Suezmax rates experienced declines, while VLCC rates were flat to slightly lower. Suezmax spot …

Spot rates on the East-West routes are the most volatile; rates on intra-Asia routes the most stable. So, what are the implications for shippers? More than five years have passed since the huge shipping disruptions, damaging port congestion and cost spikes of the Covid period, but one feature has remained: freight rate volatility. Rate volatility …

The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) enters into force on 26 June 2025 and requires existing vessels of 500 GT and above to have on board an International Certificate on Inventory of Hazardous Materials (ICIHM) at the latest by 26 June 2030 or before going to …

With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to say that any analysis about the tanker market can immediately become obsolete. This is further testament to the volatile nature of today’s shipping markets. In its latest weekly report, shipbroker Gibson said that “while the …