Hellenic Shipping News Worldwide

The International Maritime Organization’s Sub-Committee on Ship Design and Construction (SDC) held its 12th session at IMO Headquarters in London from 19 to 23 January and was chaired by Mr. Erik Tvedt (Denmark). Outcomes are summarised below: KEY OUTCOMES Draft workplan agreed to develop a safety framework for selected GHG-reducing technologies Actions to reduce underwater …

The tanker markets have been shaped by geopolitics over the past year, more so than …trivial things like supply and demand. In its latest weekly report, shipbroker Gibson commented that “geopolitical developments dominated tanker markets last year, with a wave of sanctions primarily targeting Russia, secondary measures aimed at entities trading Russian and Iranian crude, …

Seaborne coal imports into the EU fell further during 2025. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2025, global seaborne coal loadings declined by -2.8% y-o-y to 1,333.1 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Dec 2025, exports from Indonesia declined by -6.9% y-o-y …

Recent developments in oil production and export flows from Venezuela have prompted closer market attention on alternative sources of heavy and discounted crude, including supplies associated with Iran, as Asian refiners reassess sourcing strategies. Asian refiners continue to have access to a broad set of global suppliers. That said, refiners with higher exposure to Venezuelan …

As the global shipping industry stares down the barrel of its decarbonisation gun, a propulsion technology that had fallen out of favour is making a return. According to a white paper released by DNV, nuclear propulsion is today no longer a “distant prospect” but a “real option” that could fundamentally reshape the commercial maritime fleet. …

Dry bulk rates, especially those for larger ship classes have been unusually strong for this period of the year, as a result of improving ton-mile demand. In its latest weekly report, shipbroker Xclusiv said that “China’s dry bulk market usually fades into the Lunar New Year, yet the first three weeks of 2026 are doing …

BIMCO released its latest dry bulk shipping market overview and outlook yesterday. “We estimate that the dry bulk supply/demand balance will remain stable in 2026 and weaken in 2027. An improvement in the economic and demand outlook has led us to revise our demand forecast for 2026 up by 0.5 percentage points,” says Filipe Gouveia, …

China resumed imports of U.S. soybeans in 2025, with cumulative shipments estimated at approximately 12 million tonnes. These volumes were concentrated early in the year, primarily during January–February, with shipments declining thereafter and remaining limited for the rest of the year. The shipment profile does not indicate a sustained increase beyond this early-season period. Brazil …

Despite a lack of available tonnage, the sentiment in the ship recycling market looks to be shifting, ever so slightly. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India, “the USD strengthened further against the Indian Rupee (INR) this week, with the Rupee remaining under depreciation …

After more than 2 years of Red Sea diversions, it looks as if a return to the conventional route, via the Suez Canal, is on the cards for many shippers on the Asia-Europe and Asia-US East Coast lanes. In this Logistics Executive Briefing, we recommend that those shippers considering a return are fully prepared for …