Hellenic Shipping News Worldwide

Market structure for key fuel oil grades softened in Asia on Wednesday amid sell-offs, trade sources said, while refining cracks also declined from the previous session. Backwardation for very low sulphur fuel oil (VLSFO) narrowed for the prompt trading months, while the 380-cst high sulphur fuel oil (HSFO) structure flipped into contango. Sources said that …

The Panama Maritime Authority (PMA), through the Directorate General of Merchant Marine (DGMM), held a roundtable with the International Association of Recognized Organizations (IARO) to review, update, and align Panama’s Ship Registry regulations with the demands of the global market. The meeting brought together PMA officials and leading classification societies within the IARO, marking a …

When a long-standing Baltic Exchange panelist member found themselves chasing an unpaid commission of more than US$50,000, months of reminders and follow-ups had brought no result. The broker had acted in good faith on a charter party agreement, only to see the owner fix the business and withhold the payment that was rightfully due. Frustrated …

Last year, Benefit Software launched, for the first time, a collaboration with the Department of Shipping of the University of Piraeus and PwC, implementing the training program: “Shipping Accounting, Finance & Audit of Shipping Companies – Case Studies based on IFRS/US GAAP, using Benefit Software.” Following positive response and feedback from participants in the first …

ZIM Integrated Shipping Services Ltd., a global container liner shipping company, hereby updates that in connection with the dividend distribution expected to take place September 9, 2025, as previously announced by the Company on August 20, 2025 (the “Dividend”), the previously obtained tax ruling from the Israeli Tax Authority (“ITA”) on tax withholding procedures relating to the payment …

Fairfield-Maxwell Ltd. (FML) today announced that it is returning to the shipping industry in Japan and opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing. The new company will focus on being the tonnage provider of choice and offering a diverse range of vessel types, including chemical tankers, …

A liquefied natural gas (LNG) tanker loaded a cargo from Russia’s sanctioned Arctic LNG 2 project last week, making it the sixth loading from the plant so far this year, according to shiptracking data from analytics firms Kpler and Vortexa. This comes after China received an LNG cargo from the Arctic LNG 2 project, which …

Recent attacks in the Red Sea have prompted renewed calls for stronger leadership and greater care for the mental wellbeing of seafarers.

Following the latest attacks this year which have resulted in the  tragic deaths of crew members, mental health organisations are urging the maritime industry to address the psychological risks faced by crews operating in …

Florida headquartered maritime innovator Seascour has struck a second deal to supply its organic marine descaler product on one of the Great Lakes most famous vessels The Wilfred Sykes. The iconic steam powered bulk freighter built in 1949 (see notes to editors), operated by Indiana based Central Marine Logistics, has just received its second application …

Zelim, the Edinburgh-headquartered maritime safety and security innovator, is calling for the mandatory adoption of advanced situational awareness technology to help prevent ship collisions, reduce fatalities, and improve operational safety at sea. The call follows the recent publication of the Marine Accident Investigations Board’s (MAIB) 2024 Annual Report, which noted: “We need to radically rethink …