Hellenic Shipping News Worldwide

Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels fall by 26% year-on-year according to Hongbeom Park, Head of Korea for global Veson Nautical, a global leader in maritime data and freight management solutions. Speaking at Veson Nautical’s Seoul Forum, Park said uncertainty around the future of fuels, …

The International Chamber of Shipping (ICS) welcomes the series of landmark updates to ILO’s Maritime Labour Convention (MLC), following an intense week of negotiations at the International Labour Organization (ILO) headquarters in Geneva. Under ILO’s Special Tripartite Committee on the MLC, governments, shipowners, and unions met from 7-11 April, to review and adopt crucial updates …

The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its latest weekly report, shipbroker Gibson said that “with all the turmoil in the global financial markets, oil prices have come under pressure not seen since the pandemic. Prices began their heavy slide last week and …

The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not reduce the sector’s emissions in line with targets in the IMO’s revised GHG strategy. The agreement, constitutes a fuel standard (a mandate on the GHG intensity of energy used), coupled with a pricing and trading …

Capesize The Capesize market faced headwinds this week, with broader macroeconomic pressures, particularly escalating US-China tariff tensions, weighing heavily on sentiment. The BCI 5TC saw significant midweek drops before recovering slightly to close the week at $14,952, down from $16,728 at the start. In the Pacific, a longer tonnage list persisted, and although key miners …

US LNG exports rose strongly during the first quarter of 2025. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to diversify away from Russian pipeline gas. The last two years, however, have seen a …

Friday, the International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The shipping sector is now the first industry with internationally mandated targets to reduce emissions. This outcome is the result of constructive discussions among IMO member states since the adoption of the IMO’s 2023 greenhouse …

Evidence that verifies the advantages of GravityVibe has been accumulating quickly since MacGregor introduced the augmented gravity self-unloading system to market in February 2024. Developed to allow bulk carriers to deliver a wider variety of cargo in greater volume, GravityVibe eases the discharge of coarse materials from cargo holds. In contrast with a standard gravity …

The shipping industry isn’t immune to the ongoing trade war between the US and China. In its latest weekly report, shipbroker Xclusiv said that “the latest escalation in U.S.-China trade tensions marks a new phase of economic confrontation, with profound implications for global markets and the shipping industry. On April 2, President Donald Trump announced …

Updated voyage data from Signal Ocean shows that Aframax tanker shipments from Russia’s Pacific ports to the Far East saw a notable month-over-month increase in March 2025, despite a slight year-over-year decline compared to March 2024. Key Observations: Q1 2025 vs Q1 2024 In March 2025, a total of 44 Aframax voyages were recorded discharging …