Hellenic Shipping News Worldwide

MGCs have long played a pivotal role in seaborne LPG and ammonia trades even though they comprise just 9% of the global LPG fleet. Apart from serving key LPG routes originating from the US and the Middle East (prominently meeting India’s LPG demand), they also dominate the ammonia trade. However, since early 2025, MGC shipping …

When it comes to using AI in shipping, the question isn’t “When?” but “How?” That’s because AI-powered solutions for maritime are already here. With owners and operators under pressure to continuously improve vessel efficiency and comply with ever-stricter regulations, AI can offer some unexpected solutions. In a hurry? Here are the four key takeaways: Using …

In an era of tightening environmental regulations, energy efficiency of marine assets is a growing concern for leading ship management companies. While operational measures to improve a ship’s Greenhouse Gas (GHG) footprint have been extensively applied due to their low to “no” cost, Energy-Saving Devices (ESDs) have until recently faced a lower adoption, weighed down …

Today, Monday, August 11 2025, the Baltic Dry Index decreased by 13 points, reaching 2038 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry …

Ammonia has emerged as a promising alternative as the shipping industry looks for more sustainable fuel options. This article explores the many sides of using ammonia as a marine fuel and provides insights on how to do it smart. In a hurry? Here are the six key takeaways • Ammonia is a zero-carbon fuel at …

Capesize The Capesize market experienced a mixed and somewhat volatile week, marked by early weakness followed by a midweek rebound and gradually firmer sentiment, particularly in the Atlantic. In the Pacific, despite steady miner activity on C5, freight rates fluctuated, slipping as low as $9.55, rebounding midweek to $10.40 before easing back to $10.00 and …

Escalation of the Red Sea crisis in December 2023 is an important waypoint for ocean container shipping because it caused average spot rates to spike dramatically on major fronthaul trades without ever returning to the previous level… but is that set to change? Average spot rates from Far East to US West Coast have been …

Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) reported unaudited financial results for the six-month period ended June 30, 2025 (“H1 2025”). Costamare Bulkers had no operating activity during the first half of 2024 and remained a wholly-owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (the “NYSE”) listed company, …

In late July 2025, the United States announced a 25 percent tariff on Indian exports, explicitly citing India’s continued purchases of Russian crude oil and military equipment. The move was widely interpreted as part of a broader strategy targeting countries that maintain strong commercial ties with Moscow. On August 6, a follow-up executive order imposed …

The Commercial Court decision in Fastfreight Pte Ltd v Bulk Trident Shipping Ltd (Anna Dorothea) is a timely and significant reminder of the importance of payment discipline in the shipping industry. At the heart of this case was a clause most shipowners would cheer and most charterers would scrutinise: an anti-deduction clause (Line 146, NYPE …