Hellenic Shipping News Worldwide

The shipping industry and most notably, the container shipping segment is expected to benefit from the latest positive developments in the US-China trade tensions. In its latest weekly report, shipbroker Intermodal said that “last weekend brought encouraging news for global trade and shipping markets, as progress on two key fronts helped ease geopolitical tensions and …

In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rapidly ageing fleet, clear incentives for renewal are often still absent. How is this trend likely to evolve? …

Driven by the findings of an industry-wide survey last year, the International Seafarers’ Welfare and Assistance Network (ISWAN) has produced a guide providing practical ways to support seafarers’ wellbeing during the zero-carbon transition. In the rapid pursuit of decarbonisation and technological change, the fundamental burden for implementation of new technologies falls squarely on the seafarer. …

The tanker market showed renewed growth during April, OPEC said in its latest monthly report. Dirty tanker spot freight rates broadly improved m-o-m in April, with VLCC rates supported by expected higher tonnage demand out of the Middle East. VLCC spot freight rates on the Middle East-to-East route and West Africa-to-East route rose 2% each, …

VesselsValue’s Timeseries product can be used to assess when may be a good time to start financing a specific vessel type. In this instance, we’ve taken a look at the Panamax sector and have compared newbuilding orders with demolition levels alongside trends in values. Values for Panamaxes have moved lower across most sub sectors and …

Admiral Nelson, Captain Kidd, and James Cook are legendary British figures. Sir Francis Drake and Captain Blackbeard are also well known. What they have in common is that they are all men. Historically, the maritime industry has been a male-dominated field. Whether naval officers, merchant sailors, explorers or pirates, it has been men who have …