Hellenic Shipping News Worldwide

A new market could be emerging for dry bulk shipping, which while not big enough to change trade flows, is still enough to provide some much needed momentum in the freight market. In its latest weekly report, shipbroker Intermodal noted that “the global iron ore market continues to navigate a period of uncertainty in 2025, …

As the maritime industry shifts towards low-GHG fuels, ensuring safety during this transition is paramount. This article highlights the critical measures and considerations necessary for a safe and effective switch to low-carbon fuels and technologies. Orderbooks are increasingly filled with LNG and methanol fuelled vessels as well as first ammonia ones, as shipowners respond to …

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Singapore. The global marine insurance premium base for 2024 was reported as USD39.92 billion, representing a 1.5% increase on the previous year. Global income was split by region: Europe 46.96%, Asia/Pacific 29.79%, Latin …

Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, yesterday announced its results for the three and six months ended June 30, 2025. Half year Highlights: Net Income and Earnings per common unit (basic and diluted) of $27.3 million and $0.52, respectively; Adjusted Net Income(1) of $28.8 million and Adjusted …

Russian crude flows are still one of the main talking points in the tanker crude market, especially after the latest round of sanctions. In its latest weekly report, shipbroker Gibson said that “Western economies are turning up the heat on Russia, tightening sanctions and raising tariffs in an effort to squeeze its energy revenues. Yet …

Capesize The Capesize market experienced a shifting sentiment over the week, starting on a steady but subdued note before softening midweek, before gradually improving across both basins with renewed support towards the close. In the Pacific, consistent miner and operator activity underpinned the market, although C5 fixtures largely held within the $9.95 to low $10.00 …

The global maritime sector is responsible for about 3 % of greenhouse gas emissions. Traditional marine fuels such as heavy fuel oil and marine diesel are carbon-intensive and emit sulfur oxides, nitrogen oxides as well as particulate matter that can damage human health, degrade marine ecosystems and contribute to climate change. The ENGIMMONIA(opens in new …

China’s coal imports have been retreating so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jul 2025, global seaborne coal loadings declined by -6.3% y-o-y to 732.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jul 2025, exports from Indonesia declined by -12.7% y-o-y …

The Baltic Exchange’s dry bulk sea freight index rose on Friday, supported by higher rates for larger vessels, but was headed for a weekly loss due to declines across all vessel segments earlier in the week. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 16 points, or …

Nigeria has re-emerged as a key player in global oil markets, with production reaching new heights in July. Output averaged 1.71 million bpd, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), up 9.9% year-on-year. Terminal performance underlines the recovery. Bonny posted 8.07 million barrels in July, a 13% jump from June, while Forcados edged …