Hellenic Shipping News Worldwide

The ship recycling market is still looking for new direction and some momentum. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye remained largely steady but subdued this week, with activity levels staying muted in most regions. In India, the …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to a near two-week low on Wednesday, pressured by lower rates for capesize and panamax vessels. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 46 points to 1,940 points, …

This week we take a closer look at the shifting grain flows of 2025, as U.S.–China trade tensions continue to dominate global perspectives. Agriculture remains at the core of these frictions, with China’s move away from U.S. soybeans becoming increasingly evident and Brazil solidifying its role as the leading supplier. As highlighted in our July …

Sanctioned tankers lifted 36% of all oil shipped from Russia in July, underscoring the sustained pressure Western regulators have placed on the dark fleet over most of 2025. Alongside volumes loaded on sanctioned tankers, Windward analysis of monthly tanker activity shows that 30% of Russia-origin crude and refined products were shipped on Greek-owned vessels. These shipments on Greek …

DNV’s new report, Ammonia in Shipping: Tracing the Emergence of a New Fuel, addresses the key barriers to the uptake of ammonia and outlines a two-phase pathway for its widespread adoption in shipping. The first phase would see the building, fuelling, and operation of a pioneering ammonia-powered fleet consisting of a few dozen vessels, crewed …

TORM plc has today been informed of the announcement (the Announcement) by Hafnia Limited (“Hafnia”), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately 14.1 million A shares in TORM, representing approximately 14.45% of TORM’s issued share capital (the Share Purchase). …

Shipping traffic in the Arctic increased sharply between 2013 and 2023, driving up greenhouse gas and black carbon emissions in the region, according to a new report by Istanbul University. The study, led by Cem Gazioglu, director of the university’s marine sciences institute, and researcher Irsad Bayirhan, examined how climate change-driven melting of Arctic sea …

Filipino maritime professional Ms. Rubina Serrano Badoy, the first to be awarded a fellowship through the IMO-Republic of Korea SMART-C Women Project, is to begin a master’s programme at the World Maritime University (WMU) in Malmö, Sweden. Ms Badoy, Chief of the Marine Transport Environment and Energy Development Division at the Maritime Industry Authority (MARINA) …

Independent research and energy intelligence firm Rystad Energy has published the results of a landmark study on the greenhouse gas (GHG) emissions from the LNG bunker supply chain, commissioned by SEA-LNG. This is the most accurate and up-to-date certified data on LNG as a marine fuel designed to help guide the International Maritime Organization’s (IMO’s) Net-Zero Framework and …

The Great Eastern Shipping Company (G E Shipping) said that it has contracted to buy a Kamsarmax dry bulk carrier of about 81,922 deadweight tonnage on 02 September 2025. The 2016 built vessel is expected to join the companys fleet by Q3 FY26. The companys current owned fleet stands at 38 vessels, comprising 26 tankers …