Hellenic Shipping News Worldwide

The International Maritime Organization (IMO) has adopted mandatory amendments to SOLAS Chapter V (Regulations 31 and 32) and Article V of MARPOL Protocol I to standardise the reporting of freight container losses at sea. These changes require Masters to report both the loss and observation of containers without delay, ensuring timely communication with nearby vessels, …

Warnings, advisories and piracy incidents in the Indian Ocean Area by the UKMTO in the past week.   Source: UKMTO (United Kingdom Maritime Trade Operations)

Today, Friday 08 2025, the Baltic Dry Index climbed by 43 points, reaching 2051 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 hit …

A two-year Coalition partnership to accelerate decarbonisation efforts in the dry bulk segment has been signed by the Global Centre for Maritime Decarbonisation (GCMD) and the International Association of Dry Cargo Shipowners (INTERCARGO). Dry bulk is the world’s largest shipping segment by tonnage and presents unique decarbonisation challenges, particularly for small and medium-sized owners operating …

A significant issue exists regarding the interplay between traditional marine perils, such as a vessel grounding, and emerging threats stemming from GPS spoofing. This is particularly relevant in the context of modern cyber exclusion clauses found in standard Hull & Machinery policies. This is the subject of a discussion paper released by the Advisory and …

At the end of 2023, Ulsan Port Authority, a major energy distribution hub and a pioneer of the energy transition in the region, joined DNV Korea’s Decarbonization Network. The benefits are mutual, with the network partners committed to sharing knowledge and aligning their efforts to facilitate low-GHG fuel uptake. There have been many initiatives in …

A new maritime chessboard is emerging across the Indian Ocean. Over the past decade, China has transformed several African ports into strategic outposts. What began as trade-focused infrastructure under the Belt and Road Initiative has evolved into a network of dual-use facilities with both commercial and military potential. At the forefront is Djibouti, where China …

Today, Thursday 07 2025, the Baltic Dry Index climbed by 14 points, reaching 2008 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 hit …

Other Highlights and Developments: Consistent Shareholder Returns: Declared a quarterly cash dividend of $0.03 per share for Q2 2025, marking the 11th consecutive quarterly distribution. Since initiating our capital return program in November 2022, United has declared total cash dividends of $1.65 per share, or $13.1 million in aggregate distributions. Increased Equity Stake in Offshore …

“During the first half of 2025, volumes at the nine largest US container ports grew by 1.7% year-over-year to 16.9 million TEU. Import volumes grew 4.3%, influenced by preloading in anticipation of tariff increases, while export volumes declined by 4.2%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The Budget Lab at Yale reported that …