Hellenic Shipping News Worldwide

Leading international maritime associations and organisations reiterate our strong support for adoption by the world’s governments at the UN International Maritime Organization (IMO) of the “Net-Zero Framework” at the critical Extraordinary Session of the IMO Marine Environment Protection Committee next week (14-17 October). The global industry remains fully committed to working collaboratively with IMO Member …

For some, division and divisiveness seem to have become a strategic position but, as an industry that brings together people from around the world, shipping has always thrived through collaboration. Inclusivity is invaluable for dealing with challenges we all share. This year’s WISTA International AGM and Conference takes place in Barcelona just a week after the …

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the expansion of its fleet through separate wholly-owned subsidiaries, which have entered into Memoranda of Agreement with an unaffiliated third party for the purchase of the M/T Eco Bel Air and the M/T Eco Beverly Hills, both …

Today, Thursday, October 09  2025, the Baltic Dry Index decreased by 40  points, reaching 1923 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry …

The ship recycling market was considerably weaker over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India, the local market has dropped substantially this week with no real buyers. The difference between steel plates and scrap prices has reduced significantly, showing very low …

When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect 14 October, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to additional fees when calling a US port. Even though these ships provide 44% …

Heads of 7 shipping associations call for IMO adoption of the Net-Zero Framework (NZF) at the crucial vote in October. Anything else would be a major setback for the green transition and risk leaving the industry with a complicated patchwork of regional climate regulations. Next week the 176 members of the IMO will convene in …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a one-week high on Wednesday, driven by stronger capesize and panamax vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 16 points to 1,963 points, its highest since …

Today, Wednesday, October 08 2025, the Baltic Dry Index climbed by 16 points, reaching 1963  points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry …

Demand for second hand dry bulk carriers was high last week. In its latest weekly report, shipbroker Xclusiv noted that “this week saw heightened activity across most dry segments, led by strong appetite for modern tonnage. On the Newcastlemax front, the “Mineral Shougang International” – 206K/2019 Qingdao was sold to Chinese buyers Zhenjiang Shipping for …