Hellenic Shipping News Worldwide

Indonesia–China coal trade weakness is negatively impacting Panamax tonne-mile demand, particularly on northern discharge routes. Key Takeaways The decline in Indonesian coal exports to China is becoming increasingly evident. La Niña-related rainfall disruptions appear to have had only a limited impact on export volumes. All data and commentary reflect market conditions as of [ 13 …

With VLSFO topping $1,000/mt in some ports, bunkers can represent up to 60% of total voyage costs[1]. A vessel burning just 5% above CP spec creates exposure that shipowners and operators only discover after the fixture is done. This article breaks down the financial impact of underperformance, shows how AIS data can identify the gap …

Despite challenging overall conditions, the ship recycling markets remained firm, with a clear edge from Bangladeshi recyclers. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian local market remains good, with overall sentiment holding steady. However, the exchange rate remains very high, restricting India’s ability to …

Alternative fuels more attractive now as oil shoots higher The Middle East conflict and blockade of the Strait of Hormuz have disrupted oil supply and pushed shipping fuel prices, like marine gas oil (MGO), sharply higher. In this environment, fuel strategy is no longer just about cost, but also about securing supply and managing price …

On 11 May, Al Kharaitiyat broke through Hormuz, heading for Port Qasim — the first Qatari LNGC to test supply resumption. The Q-flex LNGC loaded the cargo at Qatar’s Ras Laffan, igniting the discussions over supply resumption through the Strait of Hormuz. Four more LNGCs eye the exit – LNGC Mizhem could reach Pakistan by …

Ship owners are increasing their activity in the market for newbuildings and second hand vessels. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, China’s Jiangmen Nanyang Shipbuilding secured an order for 8 x 40,500 dwt bulk carriers from undisclosed interests. Price is $30 mln each, …

Guinea has long been a cornerstone of the global bauxite trade, and its rapid export growth over the past five years has been a key driver of Capesize demand and firmer freight rates. However, the combination of a stalled Chinese aluminum industry, supply glut in the bauxite market, and conflict in the Middle East is …

The World Maritime University’s Food4Seafarers project has called for systemic reform in how food is provisioned and managed at sea. Across the maritime industry, there is a growing recognition that seafarer wellbeing is a core operational concern. A healthy, balanced diet is increasingly understood as fundamental to crew welfare, safety, and the resilience of the …

The tanker market’s volatility could increase in the long-term, after UAE’s decision to exit OPEC. In its latest weekly report, shipbroker Intermodal said that “in a move that challenges the coherence of one of the most well known cartels in the global economy, the UAE has announced its decision to withdraw from OPEC, ending nearly …

For decades, the shipping industry operated as an invisible, ultra-efficient heartbeat of a globalising world, existing on a diet of technical optimisation and predictable, if not always smooth, international relations. But today, that veneer of technical stability is being stripped away. The “golden age” of non-political trade is facing a reckoning, caught between the moral …