Hellenic Shipping News Worldwide

The ship recycling markets have been under pressure over the past week, although there have also been signs of slight improvement. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market has experienced downward pressure this week, primarily driven by a sharp depreciation of the INR …

A new edition of Fuel for thought: LNG sets out how LNG continues to offer a competitive compliance pathway as EU and IMO regulations tighten. Lloyd’s Register (LR) has released its latest Fuel for thought: LNG report, offering a refreshed and data-driven assessment of LNG’s evolving role as a mature and significant fuel in transition …

To restore flows to pre-conflict levels, a full reopening of the Strait of Hormuz must occur without Iranian-imposed conditions on the freedom of vessel movement. This remains unlikely under current dynamics. If Iran retains operational control, transit volumes may increase from current levels but will fall short of full normalization. Market & Trading Calls A …

Greek owners have placed newbuilding orders worth over $10 billion during the first quarter of the year, with interest across all major shipping markets. In its latest weekly report, shipbroker Xclusiv said that “Greek newbuilding activity reached an exceptional threshold in the first quarter of 2026, with orders placed across all four sectors totalling 102 …

During the last two months that the Middle East Gulf conflict has been going on, we have seen record repositioning of the mainstream VLGC fleet toward the US Gulf Coast, peaking at 150 vessels mid-March. As of April 30, the count of ballast VLGCs en-route to the USGC has returned to the January 2026 average, …

The global shipping industry is no longer navigating isolated crises. It is operating within a persistent, interconnected risk environment, where geopolitical tensions, energy flows, food security, and insurance capacity are increasingly interdependent. The conflicts spanning the Middle East, the ongoing Russia–Ukraine war, and the growing instability across key maritime corridors are not temporary disruptions. They …

The dry bulk market is experiencing a redrawing of its global freight map lately. In its latest weekly report, shipbroker Intermodal said that “the corn market in 2026 is characterised by well-supplied conditions, due to strong harvests across the Americas and elevated U.S. inventories. While this pricing environment bolsters consumption, it compresses producer margins. At …

The fragile equilibrium of the global natural gas market – which had spent much of the early 2025/2026 heating season trending toward stability – has been shattered by the geopolitical eruption in the Middle East. According to the International Energy Agency’s (IEA) Gas Market Report, Q2-2026, a series of unprecedented disruptions—top of which is the …

Effectiveness of safety management systems and fire safety readiness are still in focus for Port State Control (PSC) authorities. Our Q1 2026 review highlights key detention concerns, upcoming inspection campaigns, new procedures for PSC, and what ship operators should be addressing to reduce risk. Introduction PSC activity in the first quarter of 2026 confirms that …

Crude oil exports from the UAE have been falling this year, with the first quarter showing a decline. In its latest weekly report, shipbroker Banchero Costa said that “after a slight decline in 2024, when global crude oil loadings decreased by -0.2% y-o-y, things picked up in 2025, with full-year volumes increasing by +1.9% y-o-y. …