Hellenic Shipping News Worldwide

Global Shipping Rates Plummet to 10-Year Low, Shipping Industry on High Alert

Global shipping rates have shown their steepest decline in a decade, deepening concerns within the domestic shipping industry. According to statistics from the National Logistics Information Center on Sept. 24, the Shanghai Containerized Freight Index (SCFI), which aggregates freight rates for 15 container shipping routes, plummeted to 1,198.21 as of Sept. 19, a 14.3% drop …

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ClassNK Establishes New Standards to Enhance the Safety and Loading Capacity of Container Ships -Enabling safer and higher-capacity container shipping by utilizing weather forecasts and anti-rolling tanks

ClassNK has released new guidelines for those involved in container shipping, aiming to enhance the efficiency of container stowage while ensuring safety measures such as preventing cargo collapse. These guidelines apply the latest expertise in weather forecasting, ship motion, and digital twin technologies. The newly released ‘Guidelines for the Safety of Maritime Cargo Based on …

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MOL, Research Partners Achieve Efficient, High-precision Seabed Observation of Cold Discharge Water from Ocean Thermal Energy Conversion

Mitsui O.S.K. Lines, Ltd. yesterday announced that it has conducted an environmental assessment of cooling water discharged from Ocean Thermal Energy Conversion (OTEC) as a joint research project with National University Corporation, the University of Tokyo (President: Teruo Fujii; Location: Bunkyo-ku, Tokyo), National University Corporation University of the Ryukyu (President: Ikue Kina; Location: Nakagami-gun, Okinawa …

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ABS and Persona AI Partner to Bring Humanoid Robotics to Shipyards, Advancing Safety and Productivity

A groundbreaking collaboration to develop inspection technologies for Persona AI’s humanoid robot platform that enhances productivity and safety in shipyards was formalized today with the signing of an MOU between ABS and Persona AI. The initiative will focus on adapting Persona AI’s humanoid robots, based in part on NASA’s robotic hand technology, for a range …

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MISC and SHI Secured Approval in Principle from Bureau Veritas for World’s First Ammonia-Fuelled LR2 Tanker Powered by Proton Exchange Membrane Fuel Cell Technology

MISC Berhad (MISC) and Samsung Heavy Industries (SHI) have received the Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for their pioneering design of the world’s first ammonia-fuelled LR2 tanker powered by Proton Exchange Membrane Fuel Cell (PEMFC) technology. The AiP from BV confirms the technical feasibility of the concept as well …

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Tanzania-flagged vessel partially submerged south of Iran’s Kish Island

A Tanzania-flagged vessel is partially submerged south of Iran’s Kish Island, Iran’s semi-official Tasnim news agency reported on Wednesday, adding that the cause of the incident was under investigation. The agency cited an Iranian official as saying the nine crew members were rescued from the vessel, which was carrying 2,500 tons of white cement. The …

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Danelec Launches Next Generation Voyage Data Recorder for Improved Safety, Compliance and Connectivity

Danelec, a GTT Group company and global leader in maritime data solutions, today unveiled the DM100 VDR G3, the next generation of its Voyage Data Recorder platform. Building on more than 20 years of reliability and a significant installation footprint across the global merchant fleet, the DM100 VDR G3 is engineered for current and future …

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Vietnam: Former shipping giant deep in debt with VND5,500 billion in losses

Once a big name in sea freight, Orient Shipping and Trading JSC (OSTC), which is 49 percent owned by Vietnam Marine Corporation (VIMC), is now deep in the red. Auditors have raised doubts about the company’s going concern capability. OSTC’s predecessor was a stateowned enterprise under VIMC, established in 1993 as Thuy Bac Inland Water …

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Hempel appoints Malgorzata Kolton as new Executive Vice President & Head of Marine

Malgorzata (Gosha) Kolton will join Hempel as Executive Vice President & Head of Marine on 1 January 2026, bringing with her extensive international leadership experience. Key messages: Gosha Kolton has been appointed Executive Vice President & Head of Marine at Hempel, effective 1 January 2026, and becomes part of the Executive Group Management. Gosha joins …

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PROSTEP: Collaboration with Wecon PLM on AI-based software testing

PROSTEP and Wecon PLM, an IT consulting company and service provider that specializes in software development, test and project management, will in the future collaborate more closely on customer projects. PROSTEP will market Wecon PLM’s RelAIable software for automating software testing and provide customers with support when integrating the solution in their IT landscapes. The …

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