Hellenic Shipping News Worldwide

The Chilean Agricultural Authority (SAG) has issued an urgent advisory following a surge in infestations of the Ecuadorian Moth (Thyrinteina arnobia) on vessels arriving from Ecuadorian ports and Guayaquil. Authorities have confirmed that all vessels inspected recently have shown signs of contamination, prompting enhanced inspection and fumigation protocols. Upon arrival, SAG inspectors are conducting daylight …

In the face of climate change, vessel owners and operators must make strategic decisions in an increasingly complex environment. Shipping carries around 80% of world trade but is also responsible for around 3% of global greenhouse gas (GHG) emissions. In response, the International Maritime Organization (IMO) has set a revised strategy to significantly reduce GHG …

The ship recycling markets remained a mixed bag during the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “in India, the market remained negative throughout the week, with no signs of recovery in sentiment. Buyers are no longer keen to purchase vessels at any pricing …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a nearly two-month high on Wednesday, driven by increased prices across capesize and panamax vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 40 points to 2,240 …

“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while expecting average market conditions in 2025 to be worse than in 2024,” says …

Global shipping, moving over 80% of the world’s merchandise trade, is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025: Staying the course in turbulent waters, released by UN Trade and Development (UNCTAD) on 24 September. After firm growth last year, seaborne trade is expected …

Massive year on year growth in Guinean bauxite trade has also absorbed Capesize substantial tonnage in 2025, contributing to recent freight market spikes. In its Q3 Dry Bulk Market Report, MSI notes that a staggering 34% year on year rise in export volumes in the first half of the year had a significant impact on …

With two California refineries set to close in the coming months, major Asian oil product suppliers, including South Korean refiners and trading houses operating in Singapore, are keen to explore gasoline and jet fuel export opportunities to the US West Coast. However, the Trump administration’s international trade, tariff and diplomatic policies pose risks to making …

AVON, OHIO headquartered manufacturer Advanced Polymer Coatings (APC) has completed a tanker recoating contract for Spanish headquartered shipping line Marflet Marine. APC has applied its industry-leading MarineLINE protective tank coating to the 49,999 DWT PANAGIA THALASSINI after the previous successful coating of the Marflet Marine 49,999 DWT SANTIAGO 1. The recoating work for the Madrid …

Next month the International Maritime Organization will consider one of the most important decisions in its history: the adoption of the IMO Net-Zero Framework. There is increasing speculation over this decision and IBIA – the International Bunker Industry Association – as the global advocate and representative of maritime energy, appreciates the sensitivity of the matter. …