Hellenic Shipping News Worldwide

Scrubbers move pollution from air to sea. Should shipowners rethink before installing them? The concern about air pollution by ships has forced the International Maritime Organisation (IMO) to come up with the designation of sulphur emission control areas (SECAs)1 to mitigate the regional environmental impact of sulphur oxides (SOx) and particulate matter (PM). Ships need …

Yemen’s Iran-aligned Houthis said on Monday they had rescued 10 seafarers from the Greek-operated cargo ship Eternity C, which they attacked and sank in the Red Sea earlier this month. The Liberia-flagged Eternity C was the second ship to sink off Yemen this month after repeated attacks by Houthi militants with sea drones and rocket-propelled …

The tanker market exhibited mixed performance during the previous month, OPEC said in its latest monthly report for June. Dirty tanker spot freight rates continued to see mixed movements in June. VLCC rates were volatile over the month due to geopolitical developments, although the mid-month spike in rates was matched by a decline near the …

Hapag-Lloyd and Maersk had set out to substantially improve vessel schedule reliability with the new Gemini Cooperation network, which started in February. Six months on, are shippers benefiting from the punctuality improvements they were promised? When Maersk and Hapag-Lloyd announced the Gemini Cooperation back in September last year, they promised big changes. “We believe our …

The ongoing Iran–Israel conflict and the volatile situation in the Red Sea and Strait of Hormuz have intensified scrutiny of maritime risk zones. While the industry addresses insurance implications and routing strategies, a less discussed but critical concern lies in employment law and crew welfare. The International Transport Workers’ Federation (ITF) has called for seafarers …

RINA’s Hellenic Advisory Committee held its much-anticipated annual meeting, bringing together industry leaders, innovators, and policy makers to advance the dialogue on maritime innovation and sustainability. The event showcased the Committee’s continued commitment to addressing the challenges and opportunities facing the shipping industry in Greece and globally. The event was opened with a welcome speech …

Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Leader, a 2007 Japanese-built, Kamsarmax class, dry-bulk vessel, at a gross sale price of $12.5 million and forward delivery date between August and October 2025. …

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Propel Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is …

Argentina is shaping up to be a major crude oil exporter by the end of the decade, thus boosting ton-mile demand for tankers. In its latest weekly report, shipbroker Gibson said that “Argentina has turned into one of the biggest growth stories in oil production globally. Home to the world’s fourth largest shale oil reserves, …

Capesize The Capesize 5TC remained firm from Tuesday and accelerated in the latter half of the week, breaking through the $30,000 threshold and eventually landing at $31,756 on Friday, gaining over $6,000 week-on-week. In the North Atlantic, a long cargo list and tight tonnage supply supported strong transatlantic and fronthaul fixtures. Currently a transatlantic round …