Hellenic Shipping News Worldwide

For years, the conversation around artificial intelligence in maritime has been dominated by a mixture of cautious optimism and technological trepidation. A new report from Marcura and Thetius on the subject finds an industry eager for the efficiency and safety benefits of AI, yet struggling to bridge significant cultural and operational gaps. The core finding …

Russia, Iran and Venezuela, faced with tightening Western sanctions, have teamed up with opaque shipping players to acquire a large number of tankers in recent years to maintain their oil revenues. The shadow fleet now comprises 978 tankers with over 27,000 deadweight tonnage, representing a combined capacity of 127 million dwt or approximately 18.5% of …

Asia’s spot fuel oil market remained skewed to the downside as of Friday, while refining cracks logged weekly losses as supply pressure weighed. Cash differentials for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) closed in discounts at the end of the week. Cracks traded higher day-on-day, but were softer …

During its meeting of 4 September 2025, the Board of Directors of EXMAR (“EXMAR” or “the Company”) reviewed and approved the interim accounts for the period ending June 30, 2025. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. HIGHLIGHTS ▪ MGC fleet renewal …

Drewry’s World Container Index remained stable, dropping just 1% to $2,104 per 40ft container this week. After 11 weeks of decline, Drewry’s World Container Index (WCI) stabilised this week. This stability is the result of opposing trends in different trade lanes. While a significant increase in Transpacific rates pushed the index up, a major drop …

The European Union would welcome U.S. President Donald Trump’s support for its plans to stop buying Russian oil, purchases of which are helping to finance Moscow’s war in Ukraine, EU Energy Commissioner Dan Jorgensen told Reuters on Friday. The European Union is negotiating legal proposals to phase out EU imports of Russian oil and gas …

The new notation benefits designers, shipyards, owners, and operators as they plan next-generation container ships or consider retrofits and fleet upgrades. Lloyd’s Register (LR) has launched Fire (C, Risk), a new risk-based notation developed to enhance the assessment of fire safety arrangements on board container ships. The notation is accompanied by guidance to support shipowners, …

C3is Inc., a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short-term durations, producing steady cash flows, while our Aframax tanker …

President José Raúl Mulino met with more than 40 representatives of shipping companies from Japan’s Kanto region, where he presented Panama’s new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes. Mulino emphasized that Panama’s registry is positioning itself as the flag of the future, driven by …

Yara Clean Ammonia, the world’s largest shipper and trader of ammonia, today celebrated the Steel Cutting Ceremony for Yara Eyde, the world’s first renewable ammonia-powered container ship. This milestone marks the official start of construction for a vessel that will transform short-sea shipping and demonstrate the potential of ammonia as a low-emission fuel. Set to …