European Maritime

by hellenicshippingnews… on 12 March 2025 at 10:00 pm

The ship recycling market has remained lackluster over the past week, continuing the same trend. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the market remained quiet, characterized by selective buying and overall cautious sentiments. India was still stagnant with weak demand and inconsistent buyer interest. Discussion …

by hellenicshippingnews… on 12 March 2025 at 10:00 pm

The second week of March confirmed signs of a firming sentiment in Capesize Brazil-to-North China rates, with the vessel count of ballasters continuing to hover at lower volumes compared to the peak levels observed in February. This recent rebound appears to be largely driven by a temporary release of oversupply burden rather than a significant …

by hellenicshippingnews… on 11 March 2025 at 10:00 pm

After a flurry of newbuilding orders during 2024, this year it seems like ship owners have been treading more cautiously in the market. In its latest weekly report, shipbroker Banchero Costa said that “it was a slow week with a diverse range of orders. Options are increasingly being exercised in newbuild contracts (particularly for feeder) …

by hellenicshippingnews… on 11 March 2025 at 10:00 pm

In the dynamic world of shipping, vessel owners face a constant challenge: how to maximise returns and operational efficiency while maintaining the flexibility to adapt to market changes. Signal has redefined vessel pooling experience by combining cutting-edge technology and data analytics with a commitment to fairness and flexibility. Signal Aframax Pool offers unparalleled ease and …

by hellenicshippingnews… on 11 March 2025 at 10:00 pm

Only 1 in 6 shipowners fully understand what a cyber-secure vessel should look like upon delivery, highlighting a critical gap in the industry’s approach to maritime cybersecurity. The report, published by Thetius, CyberOwl (a DNV Group company) and HFW, explores key stakeholder challenges and approaches to managing cybersecurity across the lifecycle of a vessel. The …

by hellenicshippingnews… on 10 March 2025 at 10:00 pm

The escalation of tariffs and trade wars is spilling over to the shipping industry, especially if US’ proposal to target Chinese-built ships moves ahead. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representative’s (USTR) proposal targeting Chinese maritime interests, particularly Chinese-built ships, port fees, and related sanctions, represents a significant escalation …

by hellenicshippingnews… on 10 March 2025 at 10:00 pm

The global shipping market remains highly volatile due to geopolitical and economic uncertainties, including the Ukraine-Russia war and fluctuating US-China tariffs. Transpacific spot rates fell sharply in late February, prompting a surge in blank sailings to stabilise prices. Meanwhile, new US tariff charges on Chinese shipping could shift capacity between the United States and Europe. …

by hellenicshippingnews… on 10 March 2025 at 10:00 pm

The global LNG market is at a pivotal juncture as geopolitical shifts between the US and Europe introduce new variables to established trade flows. Recent policy discussions, including potential tariff impositions and evolving energy strategies, could reshape LNG sourcing patterns in the coming years. While the US has dominated European LNG imports since the Russia-Ukraine war, …

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

The domestic oil market in Nigeria after the operational status of the Dangote refinery, is forming new demand characteristics in the product tanker market. In its latest weekly report, shipbroker Gibson said that “after countless setbacks, unexpected challenges and a pandemic to deal with, just last month, Reuters reported that the 650kbd Dangote refinery had …

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

Capesize The Capesize market started the week strong, carrying last week’s momentum forward. Rates in the Pacific surged past $10.00 on C5, creating a notable premium over C3 in the Atlantic. However, despite all three major miners being active in the pacific by midweek, C5 dipped below $10 before rebounding slightly toward the week’s end. …

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

The growth in cargo owners’ willingness to pay (WTP) a premium for green shipping is slowing in a market that remains largely unregulated and reliant on voluntary actions. As a result, the previous momentum toward zero-carbon shipping is stagnating. As the International Maritime Organization’s (IMO’s) Marine Environment Protection Committee (MEPC) prepares to announce critical regulatory …

by hellenicshippingnews… on 7 March 2025 at 10:00 pm

The trade war which has been sparked by the new US administration is set to have an impact in dry bulk trade flows. In its latest weekly report, shipbroker Banchero Costa commented that “the new government of the USA appears serious in its intention to spark trade wars with many of the country’s major trading …

by hellenicshippingnews… on 7 March 2025 at 10:00 pm

The maritime industry is once again bracing for a year of profound transformation. According to an analysis by ING, 2025 is set to be a period of “tumultuous” year, characterised by heightened “trade disruption risks”. Underscoring the pervasive influence of geopolitics on the shipping landscape, Rico Luman, ING’s senior sector economist, noted that “wars and …

by hellenicshippingnews… on 7 March 2025 at 10:00 pm

In the latest issue of Drewry’s LPG Forecaster, LPG trade is projected to increase only 1.4%, while US LPG exports are likely to jump 6% in 2025. As we saw in 2024, the 14% surge in US LPG exports caused terminals to operate near their capacity, leading to a rise in terminal fees and narrowing …

by hellenicshippingnews… on 6 March 2025 at 10:00 pm

Geopolitican uncertainty has further compounded the overall subdued activity in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling market remained in a state of stagnation across all major destinations, with no significant developments impacting pricing or demand. India …

by hellenicshippingnews… on 6 March 2025 at 10:00 pm

The recent reinstatement of a 25% tariff on steel imports by the United States, effective March 12, 2025, aims to protect domestic manufacturing but has significant implications for global trade dynamics, particularly concerning China’s steel exports and the freight vessel industry. Impact on China’s Steel Exports:
China, accounting for more than 50% of the world’s steel …

by hellenicshippingnews… on 5 March 2025 at 10:00 pm

Newbuilding ordering activity slowed down over the past week, after a series of strong contracting. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity slowed. The big player MSC increase his orderbook with 4 + 4 x 21,700 teu vessels at Zhoushan Changhong. The price reported at $220 mln apiece, delivery will …

by hellenicshippingnews… on 5 March 2025 at 10:00 pm

The dry bulk sector, which handles a diverse mix of commodities, has recently lost momentum. In February 2025, the Baltic Dry Index dropped to its lowest level since early 2023, far below the highs of 2021-22. Dry bulk trade demand has slumped due to weak industrial activity in Europe and China. Reduced demand for steel …