Hellenic Shipping News Worldwide

Rates for VLCC tankers have been rallying hard over the past few days. In its latest weekly report, shipbroker Gibson said that “the VLCC market has reawakened with force. Benchmark TD3C earnings have surged to above $200,000/day, a level not seen since May 2020. The scale and speed of the move has upended market expectations. …

Capesize The week began with renewed optimism, led by a firmer Pacific market as all three major miners returned to the market and operator cargo volumes appeared healthy. Early strength in the Pacific, supported by fixtures above $10.00 on C5, set a constructive tone, while the Atlantic also edged higher despite a noticeable bid-offer gap. …

The improvement in one-year time charter earnings has reshaped the VLCC secondhand market. The recent strong cash generation and improved freight visibility have pushed asset values sharply higher, not only for modern units but also for overaged units. The rising 1-year time charter (TC) rates are now closely tracking the upward trend in asset prices. …

Coal exports from South Africa have been steadily recovering over the past few years and 2025 was no exception. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade lost momentum in 2025, easing after a strong rebound the previous year that that had brought activity back to pre-Covid levels. In Jan-Dec …

Sinokor Merchant Marine has swiftly established itself as a major operator in the VLCC segment, acquiring more than 50 second-hand vessels while also adding substantial tonnage through time-charter arrangements. The expansion has reportedly been financed through a $2.5–3 billion exit from its container shipping business, with proceeds strategically redeployed into the crude tanker market. The …

This week’s focus highlights the softening trend in TSOP data flows for Indonesian thermal coal shipments to India, particularly within the Panamax vessel segment, toward the end of February. The deceleration in shipments coincided with adjustments to Indonesia’s reference coal pricing. The Indonesian Ministry of Energy and Mineral Resources (MEMR) lowered the mid-month Harga Batubara …

In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Greece’s Seanergy Maritime placed an order of 1 x 211,000 dwt newcastlemax vessel to Jiangsu Hantong Ship Heavy. The price is $75.8 mln and delivery is set for mid2028. Seanergy placed an addition order, this time for 1 x 181,500 dwt …

“We expect continued strong market conditions for crude tankers in 2026 and 2027 despite some weakening in 2027. On the other hand, we forecast that the product tanker market will weaken during both years as fleet and supply growth accelerates,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. According to the International Energy Agency, global …

The energy markets of 2025 and 2026 to-date have proven that volatility is the only true constant in the shipping world. Speaking at the Baltic Exchange Tanker & Gas Market Insights Forum during IE Week 2026, Ioannis Papadimitriou, lead freight analyst at Vortexa, spoke of a market currently caught between the gravity of weakening fundamentals …

The ship recycling market has exhibited mixed performance over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market experienced a roller coaster ride during the week, with sharp upand-down movements primarily driven by significant fluctuations in the exchange rate. Demand from end …