European Maritime

by hellenicshippingnews… on 16 June 2025 at 9:00 pm

The tanker fleet is ageing and this is undeniable, despite the increased pace of newbuilding contracting over the past year. Taking into account the expected increase of demolition activity in the future, more orders needs to take place, if a tonnage supply shock is to be avoided. In its latest weekly report, shipbroker Xclusiv said …

by hellenicshippingnews… on 16 June 2025 at 9:00 pm

Newbuilding prices started softening in early 2025, and we expect this downtrend to continue as the lack of clarity around IMO regulations will keep new orders subdued, increasing the competition among yards. Despite a sharp decline in steel prices from the highs of 2021, newbuilding prices surged about 50% between 2020 and 2024 as capacity …

by hellenicshippingnews… on 16 June 2025 at 9:00 pm

For decades, Greek shipping has been a dominant global force — in competitiveness, resilience, and adaptability. Yet, despite its proven strength and enormous contribution to the national economy, it remains, paradoxically, detached from Greece’s public discourse and even more so from its political narrative. Shipping is not just an industry. In Greece, it is a …

by hellenicshippingnews… on 15 June 2025 at 9:00 pm

Tanker owners are, once again, on edge, because of a renewal of tension between Israel and Iran. In its latest weekly report, shipbroker Gibson said that “tensions between Israel and Iran are nothing new, but they came to a head overnight. The situation remains fluid and at this point in time could turn in a …

by hellenicshippingnews… on 15 June 2025 at 9:00 pm

The Israeli strikes on Iranian nuclear and military facilities on Friday 13th June, followed by Iran’s retaliatory actions, have heightened fears of a broader regional conflict and potential disruption to maritime traffic through the Strait of Hormuz (SoH). This narrow sea passage, situated between Oman and Iran, serves as a vital conduit connecting crude oil …

by hellenicshippingnews… on 15 June 2025 at 9:00 pm

Capesize The Capesize market displayed a steady yet nuanced performance this week, starting on a subdued note due to European holidays but gaining traction as the days progressed. In the Pacific, the C5 West Australia to China route saw persistent activity from all major miners, with fixtures gradually improving from sub $10.00 levels early in …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

The downward trend of Saudi Arabia’s crude oil exports has persisted so far in 2025, following the same pattern as during 2024. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global crude oil loadings went up by a modest +0.4% yo-y to 2194.6 mln tonnes, excluding all cabotage trade, according …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Elimination of risk in modern day supply chains is an unrealistic goal; the best supply chain professionals can hope for is to effectively navigate it to ensure resilience, according to a report from the OECD. Recent years have seen a surge in external pressures on the global supply chain: from the disruptions of the Covid-19 …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Shaping the Future of Shipping Summit Mr. Emanuele Grimaldi, Chairman of the International Chamber of Shipping Your Excellencies Ministers, Distinguished guests, Dear colleagues, It is a great pleasure to welcome you all to the Shaping the Future of Shipping Summit here in the historic city of Athens. We are grateful for the warm hospitality of …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

Dry bulk ship acquisitions have been on the rise over the course of the past week, with more being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the Bulk sector undisclosed buyers were behind the purchase of the Kamsarmax AOM SOPHIE II 82,000 dwt 2020 Japanese built sold at mid-$31 mln. …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest weekly loadings since April 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Despite the …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

According to its most recent disclosure report, the majority of signatories to the Sea Cargo Charter (SCC) – a global climate alignment initiative developed by the Global Maritime Forum – reduced their emission intensity over the last year, reflecting the growing maturity, ambition and transparency of the charter. However, action will need to accelerate to …

by hellenicshippingnews… on 11 June 2025 at 9:00 pm

Ship recycling activity remained lacklustre last week, with markets across key recycling destinations closed during the holiday period. Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said in its weekly report that “as operations now begin to resume, early market signals are beginning to emerge. The global ship recycling market faced a broadly weaker …

by hellenicshippingnews… on 11 June 2025 at 9:00 pm

The ICS Maritime Barometer Report 2024-2025, launched today by the International Chamber of Shipping (ICS), reveals a steady decline in confidence among global maritime leaders to manage the risks posed by increasing political instability, alongside a growing array of interconnected threats. The release of the report sets the context for discussions at the Shaping the …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

A new factor which could alter the current “status quo” in the global iron ore and dry bulk market is entering the foray. In its latest weekly report, shipbroker Intermodal said that “the long-awaited Simandou iron ore project in Guinea is poised to shift the global dynamics of iron ore supply and maritime trade. With …

by hellenicshippingnews… on 10 June 2025 at 9:00 pm

The maritime industry is at a pivotal juncture, navigating complex regulatory waters with two prominent frameworks shaping the future of ship recycling: the Hong Kong International Convention (HKC) and the European Union Ship Recycling Regulation (EUSRR). Both frameworks address significant environmental and occupational safety concerns, but differing standards and implementation requirements have created confusion and …

by hellenicshippingnews… on 8 June 2025 at 9:00 pm

The clean tanker market is expected to face a series of changes, as refining capacity is expected to shift. In its latest weekly report, shipbroker Gibson said that “total global refining capacity has been in an upwards trend for a long time, and years with declines are rare, barring those caused by overarching events such …

by hellenicshippingnews… on 8 June 2025 at 9:00 pm

New orders declined sharply in the first few months of 2025, reaching historically low levels, as shipowners avoid long-term investment decisions. The subdued ordering activity will persist until at least October 2025, with only a gradual recovery anticipated thereafter. A more substantial rebound in new orders is likely to materialise from 2028. Uncertainty in the …