Hellenic Shipping News Worldwide

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, inched up on Thursday and recorded its strongest monthly performance since February. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 8 points, or 0.4%, to 2,003 points. It was up over 34% for …

“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The rise in tariffs and the …

This week’s Chart Monitor highlights a continued upward trend in tonne-day growth for the Capesize segment during Q2 2025, particularly on voyages from the Atlantic Americas to the Far East. However, the recent surge in demand on the C3 route (Brazil to China) raises concerns about its durability as we move into the third quarter. …

Costamare Inc. reported unaudited financial results for the second quarter and six-month period ended June 30, 2025. Discontinued operations as a result of Costamare Bulkers Holdings Limited Spin-Off The financial results for the three- and six-month periods ended June 30, 2025, reflect the spin-off of Costamare’s dry bulk business (consisting of Costamare’s dry bulk owned …

Another week of mild ship recycling activity went by. 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 remained quiet overall, though some regions are showing early signs of recovery. Sentiment is still cautious, but improving fundamentals are beginning to …

Executive Summary Ukraine’s Operation Spider’s Web used containerised drones to strike deep into Russian territory, revealing a new method of covert warfare. Global shipping and port infrastructure are now exposed to unprecedented security risks, as weaponised containers may be able to move undetected through commercial supply chains. Maritime security frameworks must adapt by investing in …

The UK’s sanctions on Russian ‘shadow’ tankers have generally been effective at reducing the overall volume of Russian crude that they have transported. However, many of these sanctioned vessels continue to operate and circumvent restrictions by delivering crude to five main ports in non-sanctioning countries. Over the past two years, India and China have become …

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, reported net income of $9.1 million and net income attributable to common stockholders of $8.6 million for the second quarter of 2025. These results are compared to a net income of $10.2 million and net income attributable to common stockholders of …

More newbuilding orders were reported last week, as owners are ramping up their contracting ahead of the summer lull. In its latest weekly report, shipbroker Banchero Costa said that “in the Container sector, MSC placed an order of 2 x 21,700 teu at Zhoushan Changhong. The vessels will be dual-fuel LNG ready. No price was …

Major bulk, made up of iron ore, coal, and grains, export volumes through the first half of the year have consistently fallen below that of 2024, but still sit within normal ranges. The global geopolitical landscape has been marked by uncertainty, rising tensions, and greater protectionist policies. In particular, China and the US have continued …