Hellenic Shipping News Worldwide

The main focus of owners active in the S&P market over the past week have been bulkers and suezmaxes. In its latest weekly report, shipbroker Xclusiv said that in the dry bulk market, “activity this week was spread across the Kamsarmax down to Handysize segments, with a notable presence of modern and resale candidates. On …

Damaged Qatari infrastructure and a near-collapse in Hormuz transit are shifting the LNG market from a supply shock to a flow-constrained crisis. The global LNG market remains under significant stress following Iranian attacks on Qatari energy infrastructure, which have removed approximately 17% of Qatar’s LNG export capacity, equivalent to roughly 3% of global LNG supply. …

“Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which …

Recent freight rises have began putting pressure on the bauxite trade. In its latest weekly report, shipbroker Intermodal said that “recent developments in the Guinea bauxite trade are introducing a more complex outlook for the Capesize segment, as the interaction between freight costs, commodity pricing and government policy begins to influence trade flows on one …

Three 20-year-old liquefied natural gas (LNG) carriers were recently sold to a newly formed company in Türkiye, with two subsequently reflagged to Sierra Leone, a ship registry favored by Russia’s dark fleet. Two of the vessels are currently sailing around the Cape of Good Hope in ballast and are expected to bunker at Port Elizabeth …

BIMCO will establish a Task Force on Biofouling Management to strengthen industry input into the upcoming work at the International Maritime Organization (IMO) on the development of a legally binding framework for the control and management of ships’ biofouling. The task force, meeting virtually, aims to gather structured, experience based insights from BIMCO members on …

With the war in the Middle East entering its fourth week, questions regarding oil production capacity are beginning to arise. In its latest weekly report, shipbroker Gibson said that “the past few days have seen the conflict extend beyond chokepoint disruption into direct strikes on production and refining infrastructure across the Gulf. Following Israel’s attack …

Capesize It was a week of mixed route performance in the Capesize market. Following a positive close on Friday, the Capesize Timecharter Average (C5TC 182) ultimately rose by $817 week-on-week. The C3 Brazil to China route edged above $30, a level last seen in July 2024 with the current laycans across both the first and …

Global shipping has entered a precarious and unstable era. Rising geopolitical tensions in key maritime corridors, including threats from Iran to target vessels transiting strategic waterways and the disruption of energy and export routes, are reminding the industry that the seas carrying the world’s trade are not always predictable. Alongside these developments, operational and commercial …

The turmoil in the global tanker and energy markets from the current crisis in the Middle East could soon lead to a global issue, with 40% of total seaborne crude oil exports affected. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2025, global crude oil loadings went up by +2.0% y-o-y …