Hellenic Shipping News Worldwide

Samudera Shipping Line has entered a memorandum of agreement for the acquisition of a second-hand container vessel for US$50.36 million. The vessel has a capacity of 2,684 Twenty-Foot Equivalent Unit (TEU), and is sold by an unrelated third party. The proposed acquisition will be financed through a combination of internal resources and bank borrowings, and …

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 15:00 to 15:30 (Beijing time) on September 16th, 2025. 1. Bidding Object: MV “ZJ2025-0048”,Bulk Carrier; PoR: Ningbo, China; Class: CCS; Trading Area: A1 +A2+A3; GRT: 29499; NRT: 17889； LOA: 189.90m; MLB: 32.26m; MLD: 17.10m; DWT: 52068t @12.043 m …

Newbuilding ordering activity has started ramping up higher over the past week, as more owners dipped their toes on the market. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Euroseas Ltd placed an order to Chinese yard Jiangsu New Yangzi for 2 x 4,300 teu carriers. The …

Earlier this year, it was revealed that more than 1,000 maritime vessels are now operating with batteries on board, providing either all-electric or hybrid propulsion. This is a significant milestone in the maritime industry’s journey towards decarbonising the sector and, while it is still far from the finish line of fully net-zero operations, the move …

Repair yard days for Capesize ships are climbing again in 2025, this time driven by a wave of retrofits due to EU ETS and FuelEU Maritime regulations. With vessels heading into yards for upgrades ranging from various decarbonisation retrofits such as Propulsion Improving Devices (PIDs) and Energy Saving Devices (ESDs), effective supply is being sucked …

EcoNavis Solutions has signed an agency agreement with Greece-based company Franman to distribute its Eco Boss Cap technology in Greece, Cyprus and to Greek-interests worldwide. The agreement opens one of the world’s largest commercial shipping fleets to the energy saving device. The deal was inked after discussions at the Hellenic Institute of Marine Technology, where …

Greek shipowner extends coverage of Orca AI’s operational platform to 100% of its fleet, representing another key deal for the maritime AI pioneer. Athens-based Ionic controls a fleet of eight crude tankers and 11 bulkers under its respective wet and dry arms. So far seven tankers have been equipped with the Orca AI platform but …

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the successful naming and delivery of the M/T P. Tokyo, the second vessel from its current newbuilding program, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) in the People’s Republic of China. The M/T P. Tokyo, previously …

Geopolitical realities can often play a major role in reshaping trade routes. In its latest weekly report, shipbroker Intermodal said that “China is set to mark a milestone this September with the launch of its first liner-type container service between Asia and Europe via the Northern Sea Route (NSR). For the first time, a scheduled …

The recent discussion and possibilities of revitalising the US shipbuilding industry amid the USTR proposition raise several questions, especially about the feasibility of building an LNG carrier in the US. A mandate under USTR requires 1% of US LNG to be exported in US-built LNGCs from 2028, which should subsequently increase to 15% by 2047. …