Hellenic Shipping News Worldwide

The summer of 2025 surprised with earnings, as VLCC rates climbed well above seasonal norms. In the sections that follow, we outline the key dynamics that, whether acting individually or in combination, underpinned this momentum and sustained strength through late summer into September. Whether these factors acted individually or in combination is impossible to determine, …

In October 2025, the International Maritime Organization (IMO) is expected to adopt its Net-Zero Framework, which would enter into force in 2027. The framework’s supporting guidelines will define zero- and near-zero-emission fuels, reward mechanisms, emissions accounting, certification, and how a central fund will be governed. These guidelines will be crucial in further supporting the energy …

The International Bunker Industry Association, with support from BIMCO, has announced the launch of a follow-up survey designed to assess the impact of bunker licensing schemes (BL) and Mass Flow Meter (MFM) technology on transparency, fuel quality, and regulatory alignment across the maritime sector. This initiative builds on the comprehensive survey conducted in 2022, which …

In a large-scale programme involving 50 different shipowners, A.P. Moller – Maersk (Maersk) is – in close collaboration with the owners – retrofitting around 200 vessels in its time-chartered fleet. The main aim of the programme is to reduce the slot cost by improving fuel efficiency and cargo-carrying capacity leading to a decrease in both …

At least three LNG-laden tankers appear to have diverted away from the Zeebrugge LNG terminal in Belgium, LSEG data showed on Thursday, as Greenpeace activists blocked the terminal to protest against European Union imports of Russian gas. Belgium is the second-largest European importer of Russian LNG, receiving 2.3 million metric tons over the first eight …

At the close of Week 40, global bunker indices under MABUX showed mixed dynamics without establishing a firm trend. The 380 HSFO index inched up by USD 1.18, rising from USD 452.71/MT to USD 453.89/MT. In contrast, the VLSFO index continued its decline, falling by USD 5.69 to USD 524.75/MT from USD 530.44/MT a week …

Asia spot fuel oil premiums eased on Thursday following a recent uptick, while the market eyed a couple of regional supply tenders. India’s BPCL offered 25,000 tons of 380-cst high sulphur fuel oil (HSFO) for loading at Mumbai between October 15 and 16, market sources said. The tender will close on Friday. Separately, Indonesia’s Pertamina …

123Carbon, the leading independent platform for carbon insetting, and ZERO44, an innovative SaaS startup for CO2 management of merchant ships, have today announced a strategic partnership that will provide shipowners, operators, and charterers with a new level of control in allocating the impact of their low carbon strategies to either the voluntary or mandatory market. …

NSB GROUP, one of Germany’s leading ship managers, has entered into a partnership with Phlair GmbH, a German direct air capture company. Under the agreement, Phlair will deliver carbon dioxide removal credits (CDR) generated through its Direct Air Capture (DAC) technology to help NSB address unavoidable and hard-to-abate residual emissions from its onshore maritime operations. …

PowerCell, the world’s leading supplier of fuel cells for the marine market, has secured a contract worth just over SEK 40 million to supply the fuel cell systems for two hydrogen-powered bulk carriers. The order includes 14 of PowerCell’s Marine System 225 units, providing over 3 MW of power, with the deliveries scheduled for 2026 …