Hellenic Shipping News Worldwide

“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. …

Exports volumes of major bulk, made up of iron ore, coal, or grains, remained flat m/m in July but edged 2% higher than the same period last year. Iron ore and grain exports drove this, as coal exports fell in July, continuing the weak performance of the commodity for much of 2025 so far. A …

The ship recycling market has picked up the pace, especially in some markets, like India, but still remains overall lacklustre. 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 showed steady trends this week, with India continuing to lead regional …

The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold were electric; by 2024, that figure had surged to 22%. Over the same period, solar’s share of global electricity generation increased sixfold. Shipping, by contrast, is harder to decarbonize. Vessels are capital-intensive, governed by strict …

Maritime companies are stuck in the early stages of AI adoption, unable to scale beyond small experiments as widespread optimism collides with implementation reality, according to new industry research. The study “Beyond the Hype: What the maritime industry really thinks about AI” by Thetius in partnership with Marcura, a leading maritime technology and services provider, …

The top golf event of the maritime industry returns once again, offering a unique blend of sports and business on a world-class course. Glyfada Greek Maritime Golf Event will take place at the iconic Glyfada Golf Course on Friday, September 5, 2025, promising a day filled with energy and competition. This year’s tournament is expected, …

With the summer holidays nearing their end, newbuilding activity has been picking up pace. In its latest weekly report, shipbroker Best Oasis said that “in the container sector, Canadian company Seaspan Corp. placed an order of 6 x 9,000 teu carriers to Chinese yard Hudong-honghua. No prices were disclosed, and deliveries are scheduled for Q3 …

The dry bulk market continues to enjoy the fair summer weather, despite some softening of vessel benchmarks from late July peaks. As of mid-August, gearless Baltic benchmarks have retreated, while geared segments remain supported at elevated levels, a change reflected in the Baltic Exchange Dry Index (BDI), which has averaged 2,008 points over the first …

Shipping companies focused on fuel efficiency and emissions reduction may be overlooking a hidden source of cost when operating in rough seas that ClassNK researchers say can quietly erode performance, waste fuel, and damage engine components. A new technical study from ClassNK’s research institute captures the way a persistent mismatch between commanded and actual main …

In a period when global shipping is looking to undetake its most ambitious fleet renewal programme ever, as a result of the sector’s decarbonization process, shipbuilding is experiencing a major overhaul, as a result of US policies. In a recent weekly note, shipbroker Intermodal said that “recently, the shipbuilding sector has witnessed notable developments across …