Hellenic Shipping News Worldwide

SEA-LNG has completed its initial analysis of the IMO Net-Zero Framework following MEPC 83. The SEA-LNG coalition, which spans the entire LNG value chain, has used the independent Z-Joule cost of compliance calculator to assess the commercial implications of the new regulations. The calculations show that under the Net-Zero Framework investments in LNG dual fuel …

Newbuilding contracting activity from Greek ship owners has declined sharply so far this year. In its latest weekly report, shipbroker Xclusiv said that “Greek shipowners continue to demonstrate a strong and strategic presence in the global shipbuilding market, holding one of the largest national orderbooks in the industry. As of the latest data, Greek interests …

Keeping transported breakbulk and project cargo safe during sea transport is the purpose of IMO’s CSS Code. But its requirements are based on the most adverse sea states and are therefore unnecessarily strict for operation in calmer sea regions. DNV has found an answer: an app that ensures cargo safety whilst it enhances stowage possibilities …

The containership MSC FLAMINIA was on its way from South Carolina to Antwerp in July 2012, when mid-Atlantic, an explosion on board led to a severe fire. Three crew members lost their lives and hundreds of containers were destroyed. The explosion was caused by the auto-polymerisation of a chemical called DVB which was stored in …

The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude tumbling 6.85% just last week after Saudi Arabia signaled it’s prepared to handle a stretch of …

The proposed fee under the USTR framework could render China-owned and China-operated vessels redundant for US trade. This likely triggers a shift in port calls, with non-Chinese vessels continuing to serve US ports, while Chinese-operated or owned ships are redirected elsewhere. Given the US’s relatively small stake in the global dry bulk trade, non-Chinese vessels …

On April 17, 2025, the Office of the United States Trade Representative (USTR) issued a final notice of action for its Section 301 investigation on “China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance.”1 The action will impose significant new port service fees on vessels that are owned or operated by China-linked entities, most …

A lot of unknowns are yet to be determined over the next few months and years, in order to the shipping industry to gain full clarity around the implementation of the recently agreed IMO Net Zero Framework. In its latest weekly report, shipbroker Gibson said that “undoubtedly, the most significant development at MEPC 83 was …

Capesize The Capesize market remained in negative territory throughout the short week, with limited signs of recovery across both basins. The BCI 5TC fell by $3,072 week-on-week, closing at $14,169 on Friday. A trans-Atlantic voyage reported midweek featured a shorter duration but yielded a low timecharter equivalent value. Consequently, the C8 route settled at $13,071, …

As ammonia gains traction as an alternative marine fuel, increasing attention is being given to the stringent handling requirements necessary for its safe adoption. Together with industry partners, also contributing with long-term experience in handling ammonia safely, DNV has developed a new recommended practice that provides a clear framework to support the maritime industry in …