Hellenic Shipping News Worldwide

The ship recycling market showed mixed performance over the course of the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market has come off drastically this week, reflecting heightened pressure and subdued activity. Local steel sales remain very poor, with demand virtually absent, …

The OCEAN Project (Operator-Centred Enhancement of Awareness in Navigation) has officially concluded, following its Final Conference at the European Maritime Safety Agency (EMSA) Headquarters in Lisbon, with a simulcast at The Nautical Institute in London and a global livestream. Funded by the European Union and the United Kingdom, the project ran from October 2022 to …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to a near one-month low on Wednesday, as rates across all vessel segments declined. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 154 points to 1,980 points, its lowest since …

Minor bulk, made up of all dry cargo types that are not categorized as iron ore, coal, or grains, has consistently outperformed the previous year in terms of total tonnage exported. In August, this trend continued as the total tonnage of minor bulk exports increased by 7% compared to the same period last year. Through …

The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the Hong Kong Convention) went into effect on June 26, 2025, in 24 contracting states. The Hong Kong Convention aims to improve worker conditions and reduce the impact of ship recycling on the environment. Contracting states are obligated to adhere to …

China has amended a key maritime law to establish legal grounds for future countermeasures against what Beijing considers unfair treatment of Chinese ships or treaty violations by foreign governments that harm Chinese interests. On Sept. 29, the State Council announced on its website the revisions to the International Maritime Transport Regulations, which had already been …

Spot premiums for 380-cst high sulphur fuel oil (HSFO) climbed in Asia as brisk trade emerged on Wednesday following a week of largely thin activity. Although the region is set to receive high volumes of Russian fuel oil in October, some traders said November arrivals may taper off due to ongoing attacks on Russia’s oil …

Rottneros, expert producer of pulp and molded fiber from sustainable forests, continues its partnership with AtoB@C Shipping, part of ESL Shipping, with a long-term contract. AtoB@C Shipping will employ a new plug-in hybrid vessel for the Rottneros traffic, enabling up to 50% CO2 reduction per ton-mile compared to the current vessel operating on the same …

ClassNK has issued an approval in principle (AiP) for a methanol fuel tank design concept developed by SRC Group. The certification demonstrates its feasibility from regulatory and safety perspectives. With the growing adoption of alternative fuels such as methanol in the maritime industry, the development of safe and efficient fuel storage solutions has become increasingly …

U-Ming Marine Transport Corporation (U-Ming) and leading wind propulsion technology provider Anemoi Marine Technologies Ltd. (Anemoi) are pleased to announce the successful completion of the Rotor Sail installation on U-Ming’s Grand Pioneer, a 325,000 DWT Very Large Ore Carrier (VLOC). U-Ming is the first Taiwanese shipowner to adopt Rotor Sails, marking a major milestone in …