Hellenic Shipping News Worldwide

Capesize The market began the week lacking clear momentum, with sentiment broadly flat and activity unevenly distributed across the basins. The Pacific provided the main source of liquidity, supported by consistent miner presence and a steady flow of coal and tender cargoes. Despite this, rates remained constrained, with C5 trading within a relatively narrow range …

The Marine Environment Protection Committee of the International Maritime Organization (IMO) concluded its 84th session with a commitment to rebuild consensus on global shipping emissions, while sounding the alarm over environmental risks in the Strait of Hormuz and adopting new measures to curb air pollution in the Northeast Atlantic. Closing the meeting, held from 27 …

Dry bulker prices have been on an uptrend for a number of months, despite the fact that earnings have remained mostly flat during this period. In its latest weekly report, shipbroker Xclusiv said that “the period spanning late February to late April 2026 has delivered a market narrative defined by divergence, resilience, and most notably, …

Cargo owners’ willingness to pay (WTP) a premium for low-carbon fuels is crucial to maritime sector decarbonization. But this year, the results of BCG’s annual Shipping Decarbonization Survey reveal a marked drop in WTP, from 4.5% in 2024 to 3% in 2025, a level not seen since 2022. (See Exhibit 1.) This lower WTP, combined …

While the situation in the Middle East remains uncertain amid stalled peace talks and the continued closure of the Strait of Hormuz, the dry bulk segment is still largely unscathed. Spot freight rates remain solid across all dry bulk segments, and the ongoing ceasefire has breathed new life into the bulker market. The coal trades …

The ship recycling market is lacking available tonnage, despite strong buying interest. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains reasonably stable; however, activity is limited by a continued lack of available recycling tonnage under current conditions. Local recyclers remain interested in acquiring …

“The Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market. Around 4% of dry bulk cargoes and tonne mile demand typically sail through the strait and at present, and around 210 ships, equivalent to roughly 1% of …

April ends with firm sentiment in both Capesize and Panamax segments. On the C3 route, freight levels are supported by ballaster counts trending below the 12-month average. In Panamax, low ballaster availability across the P1/P2/P7 routes signals an undersupplied market, underpinning current rate strength. The Baltic Dry Index is approaching 2,700 points, with gains recorded …

More tankers and LNGs have been on the newbuilding ordering “menu” over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the gas carrier sector, China’s Zhoushan Dashenzhou Shipbuilding secured an order for 3 x 10,000 cu.m. LNG/ammonia carriers from Brazil’s Transpetro, the Petrobras subsidiary. Price is $53 mln each …

On United Nations’ World Day for Safety and Health at Work, this year’s theme – “ensuring a healthy psychosocial working environment” – feels especially relevant at sea. There is no doubt that better connectivity has brought real benefits. Digital tools help crews do their jobs more safely and efficiently, improving workload management, and providing greater …