Hellenic Shipping News Worldwide

When the G7 and EU revised the oil price cap on Russian crude in July 2025 cutting it from $60 to $47.60 per barrel it wasn’t just a diplomatic adjustment. It quietly redrew the shipping map for crude oil, with consequences still unfolding. As India and China continue to absorb large volumes of Russian barrels, …

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix. The gross charter …

Six workers at Greece’s largest port Piraeus, arrested for allegedly participating in a gang smuggling cocaine hidden in shipping containers from Latin America, were jailed pending trial on Friday, legal sources said. The case is the third investigation since 2023 that has led to the arrest of port workers on drug trafficking charges. The suspects, …

LPG imports from China, the world’s leading importer have been marginally higher so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade has been steadily recovering in the past three years, following a very disappointing 2021. Total seaborne exports of LPG in JanDec 2024 increased …

The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show that the Naraya Vadinar Refinery handles roughly 10.5% of total Indian clean exports. A closer examination of India’s monthly clean oil exports shows …

The delicate balance of the global natural gas market remains acutely sensitive to geopolitical tremors, a reality underscored by recent events in the Middle East. While energy flows through critical chokepoints like the Strait of Hormuz largely remained uninterrupted, localised disruptions, notably to Israel’s piped gas exports, sent immediate ripples across the Eastern Mediterranean and …

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

Newbuilding ordering activity, particularly towards Chinese shipyards has taken a step back so far in 2025. In its latest weekly report, shipbroker Xclusiv said that “the newbuilding orderbook data for dry bulk and tanker in 2024 and 2025 illustrates a dramatic transformation in global shipbuilding activity. After a period of intense ordering, 2025 has brought …

This week’s Chart Monitor highlights a continued upward trend in Brazilian iron ore shipments. Since the end of Q1, each month’s closing volume has exceeded levels seen in previous years. The first quarter of 2025 closed with approximately 70 million tons shipped, followed by over 80 million tons in Q2. These figures are notably higher …

Integrating new technologies on board vessels involves understanding safety risks and implementing mitigation measures. DNV’s class notations and guidelines facilitate this process, ensuring a safe transition to a zero-carbon future. Safety considerations should be part of every decision to adopt a particular technology or modify a vessel. While some technical efficiency enhancements, such as propeller …