Hellenic Shipping News Worldwide

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 …

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate …

The seaborne coal trade has been falling so far in 2025, with Indonesia, the world’s leading exporter, being no exception to the trend. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Apr 2025, global seaborne coal loadings declined by -6.4% y-o-y to 408.3 mln t (excluding cabotage), based on vessel tracking data …

This week’s Market Monitor highlights Capesize freight market trends across the C3, C5, and C17 routes, as the Baltic Dry Index (BDI) gains momentum, driven primarily by the strong performance of the Capesize segment. A key indicator of current market sentiment appears to be the slight tightening in the ballaster count in both the North …

Today’s global economic landscape is defined by an unprecedented level of volatility and uncertainty, a sentiment echoed by leading chief economists in the World Economic Forum’s (WEF) latest Chief Economists Outlook report. Far from a fleeting disruption, the prevailing view among 79% of surveyed economists is that current developments signal a “long-term structural shift” in …

Questions could rise from the impact on the tanker market, in case the approximately 10% of the global fleet, currently sidelined due to sanctions, returned to the market. In its latest weekly report, shipbroker Xclusiv said that “the global tanker market is currently navigating a period of heightened uncertainty, heavily shaped by the sanctions imposed …

Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter (TC) rates and asset values for the Capesize segment. The data visualisations underscore the importance of tracking orderbook activity as a key driver of future fleet supply. This supply, in turn, directly impacts earnings potential across the fleet. In essence, the historical …