Hellenic Shipping News Worldwide

Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from West Australia declined. While coal cargoes from East Australia offered some support, they weren’t enough to offset the broader weakening. C5 rates steadily fell from $11.00 early in the …

A clear uptick in casualties in 2024, driven by machinery damage/failure and an ageing fleet, stands out in the latest analysis of Lloyd’s List Intelligence casualty data. The number of maritime casualties rose by 15% in 2024. Coupled with a 7% rise in casualties in 2023, this represents a concerning development for the maritime industry, …

A potential Strait of Hormuz closure, a much debated threat over the past decade, as a result of rising tensions between the US and Iran, today seems more plausible than ever. Still, analysts believe that at this stage, full closure seems to be a less likely scenario. In its latest weekly report, shipbroker Intermodal said …

The decarbonisation spotlight on shipping is often on shone on alternative fuels, but the role of energy efficiency should not be overlooked, according to a shipping expert. In a recent DNV Maritime Impact podcast, DNV’s director of environment for maritime, Eirik Nyhus, and global decarbonisation director, Jason Stefanatos, discussed the critical, often understated, impact of …

In today’s volatile maritime world, where global trade, vessel safety, and crew wellbeing are under constant pressure, the smartest investment is not in more steel, but in smarter thinking. At Marasco Marine Ltd, risk prevention is not just a practice—it’s our culture. Our President, Mr. Anastasios Maraslis, established our dedicated Advisors’ Board with one clear …

The tanker market is already feeling the impact from the latest round of Middle East warfare, with rates rising sharply across the board. In its latest weekly report, shipbroker Xclusiv said that “Israel’s lightning-fast airstrike on 13 June yanked the Iran-Israel standoff out of proxy shadows and into open conflict, instantly repricing every barrel, cubic …

Seafarers detained in connection with their professional duties must be treated fairly and with dignity, with full respect for their human rights, high level participants from the International Maritime Organization (IMO), International Labour Organization (ILO), International Chamber of Shipping (ICS), and International Transport Workers’ Federation (ITF) have urged, following a joint event at IMO Headquarters …

Introduction: the Hormuz Strait and its significance The world is still reacting to the dramatic outbreak of hostilities between Israel and Iran on 13 June 2025, which has included reciprocal missile and bomb strikes by both states. In the maritime community, shipowners are exercising great caution in sending their vessels into the region and, particularly, …

The ship recycling market was further hampered by the developments of the past week and the escalation of warfare between Iran and Israel. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market enters the week on a subdued note, with most regions seeing limited …

The dry bulk market is expected to be less affected by the ongoing situation between Iran and Israel; however, examining the current situation can help determine the best way to position oneself in the market. Given that the region bordering the strait is a net importer of dry bulk, particularly of raw materials needed for …