Hellenic Shipping News Worldwide

In 2025, Indonesia’s role as a key supplier of Supramax and Panamax coal cargoes is under pressure due to shifting energy trends in Asia. China and India, the two largest buyers of Indonesian coal, are reducing their reliance on coal-fired power by increasing domestic coal production and accelerating investment in renewable energy. These developments are …

Three recent bulk carrier projects show how LR’s approach keeps wind conversions on schedule and in compliance – and how early planning ensures ship operators aren’t left in a spin over rotor sail installations. Wind-assisted propulsion systems (WAPS) are gaining momentum as shipowners seek to improve environmental performance and reduce exposure to emerging carbon costs. …

The first half of 2025 marked a turning point for the car carrier market, with rates and values continuing to normalize after several years of exceptional highs. While conditions are not yet fully aligned with historical averages, the trajectory suggests a soft landing is underway, supported by a combination of cooling demand, increased supply, and …

Today, Monday, August 04 2025, the Baltic Dry Index decreased by 48 points, reaching 1970 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 …

The recent tightening of sanctions enforcement on Iranian and Russian oil by the US and EU may lead to notable shifts in global tanker trade patterns. On Wednesday, July 30, the U.S. Department of the Treasury announced sanctions targeting over 100 Iran-linked individuals, companies, and vessels involved in the export of Iranian oil and petrochemicals. …

The global bulk carrier fleet is aging. With a 12% annual increase in carriers aged 21 years or older and 32% of global tonnage now over 15 years old, a significant proportion of the world’s bulker ships are reaching the latter part of their operational lifespan . Given that the average lifespan of these vessels …

Capesize The gains in the Capesize timecharter average from last week were reversed, with the 5TC closing at $27,331 on Friday—down $4,425 week-on-week. The surge in the North Atlantic paused, with fronthaul rates settling thick below $50,000 and the transatlantic run closing at $31,214 per day. The C3 index (Brazil/West Africa to China) with end …

A Chinese buyer has signed a deal this week to import 30,000 metric tons of Argentine soymeal, as feed producers move to lock in cheaper supplies from South America, two trade sources told Reuters on Friday. The cargo, priced at $345 per metric ton, including freight, is scheduled for shipment between September and October, the …

With the focus over the past few years being the rise of China’s shipbuilding industry and Korea’s response to it, Japan has seen its place among the leading shipbuilding nations waning. However, this could be set for a shift sooner than later. In a recent weekly report, shipbroker Xclusiv said that “Japan is considering bold …

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged higher on Friday but logged its worst week since early-June, weighed down by lower rates across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 15 points, or 0.75%, to …