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Greek Ship Finance on the Riseby hellenicshippingnews… on 15 May 2025 at 9:00 pm
Greek ship financing has been on the rise, with Petrofin Research’s latest annual report, showing strong growth in figures. The Petrofin Index for Greek Ship finance, which commenced at 100 in 2001 and peaked at 443 in 2008, increased to 324 in 2024 from 308 in 2023. This was the highest figure since 2017. Highlighted …
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A historic course correction: how the world’s shipping sector is setting sail for net zeroby hellenicshippingnews… on 15 May 2025 at 9:00 pm
Long overlooked as a major contributor to global greenhouse gas emissions, the shipping industry is now at the forefront of a unique display of international cooperation. The shift signals that even the world’s largest transport sector can be steered toward climate accountability. Every day, tens of thousands of massive ships criss-cross the world’s oceans, transporting …
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Dry bulk ship recycling falls 24% to 17-year lowby hellenicshippingnews… on 15 May 2025 at 9:00 pm
“Between January and April 2025, dry bulk ship recycling has fallen 24% y/y, reaching a 17-year low despite a 35% y/y drop in the Baltic Dry Index (BDI). While weaker freight rates typically encourage the recycling of older and less profitable ships, high uncertainty over the demand outlook could be delaying recycling decisions,” says Filipe …
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Ship Recycling Market Facing Headwindsby hellenicshippingnews… on 14 May 2025 at 9:00 pm
With India’s and Pakistan’s clash casting a dark shadow over the region, the ship recycling market has continued to face headwinds. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the global ship recycling market continued to face headwinds, with limited momentum across key destinations. In India, the …
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Dry Weekly Market Monitor: Soybean Dry Bulk Flows (Brazil to China)by hellenicshippingnews… on 14 May 2025 at 9:00 pm
Brazil continues to strengthen its position as China’s primary soybean supplier, with this dominance mainly attributed to the country’s record harvests, competitive pricing, and the absence of tariffs that continue to impact U.S. soybeans. Recent news revealed that China has lifted suspensions on five Brazilian soybean exporters, enhancing trade flows ahead of Brazilian President Lula …
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Greek Ship Owners Newbuilding Orders Down by 65% This Yearby hellenicshippingnews… on 13 May 2025 at 9:00 pm
Newbuilding contracting activity from Greek ship owners has declined sharply so far this year. In its latest weekly report, shipbroker Xclusiv said that “Greek shipowners continue to demonstrate a strong and strategic presence in the global shipbuilding market, holding one of the largest national orderbooks in the industry. As of the latest data, Greek interests …
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Route-Specific Cargo Calculator enhances vessel’s cargo transport capabilitiesby hellenicshippingnews… on 13 May 2025 at 9:00 pm
Keeping transported breakbulk and project cargo safe during sea transport is the purpose of IMO’s CSS Code. But its requirements are based on the most adverse sea states and are therefore unnecessarily strict for operation in calmer sea regions. DNV has found an answer: an app that ensures cargo safety whilst it enhances stowage possibilities …
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Charterers’ rights under the LLMC: the MSC FLAMINIA rulingby hellenicshippingnews… on 13 May 2025 at 9:00 pm
The containership MSC FLAMINIA was on its way from South Carolina to Antwerp in July 2012, when mid-Atlantic, an explosion on board led to a severe fire. Three crew members lost their lives and hundreds of containers were destroyed. The explosion was caused by the auto-polymerisation of a chemical called DVB which was stored in …
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Tankers: OPEC’s Price Policy Could Boost Rates Down the Lineby hellenicshippingnews… on 12 May 2025 at 9:00 pm
The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude tumbling 6.85% just last week after Saudi Arabia signaled it’s prepared to handle a stretch of …
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USTR proposal will make Chinese shipping companies redundant for US cargoby hellenicshippingnews… on 12 May 2025 at 9:00 pm
The proposed fee under the USTR framework could render China-owned and China-operated vessels redundant for US trade. This likely triggers a shift in port calls, with non-Chinese vessels continuing to serve US ports, while Chinese-operated or owned ships are redirected elsewhere. Given the US’s relatively small stake in the global dry bulk trade, non-Chinese vessels …
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USTR Issues Final Section 301 Actions in China Shipbuilding Investigationby hellenicshippingnews… on 12 May 2025 at 9:00 pm
On April 17, 2025, the Office of the United States Trade Representative (USTR) issued a final notice of action for its Section 301 investigation on “China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance.”1 The action will impose significant new port service fees on vessels that are owned or operated by China-linked entities, most …
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IMO Net Zero Framework: Clarity is Still Needed to Adress Implementation Challengesby hellenicshippingnews… on 11 May 2025 at 9:00 pm
A lot of unknowns are yet to be determined over the next few months and years, in order to the shipping industry to gain full clarity around the implementation of the recently agreed IMO Net Zero Framework. In its latest weekly report, shipbroker Gibson said that “undoubtedly, the most significant development at MEPC 83 was …
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Dry Bulk Market: Capesizes Stayed in Negative Territory Last Weekby hellenicshippingnews… on 11 May 2025 at 9:00 pm
Capesize The Capesize market remained in negative territory throughout the short week, with limited signs of recovery across both basins. The BCI 5TC fell by $3,072 week-on-week, closing at $14,169 on Friday. A trans-Atlantic voyage reported midweek featured a shorter duration but yielded a low timecharter equivalent value. Consequently, the C8 route settled at $13,071, …
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Seaborne Coal Exports Fall as China Puts a Lid on Importsby hellenicshippingnews… on 9 May 2025 at 9:00 pm
China’s coal imports retreated during the first quarter of the year, which in turn took a toll on the global seaborne coal trade. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Mar 2025, global seaborne coal loadings declined by -6.7% y-o-y to 307.0 mln t (excluding cabotage), based on vessel tracking data …
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Red Lights Flashing for Car Carriers in 2026/27by hellenicshippingnews… on 9 May 2025 at 9:00 pm
Potential USTR port fees of c.$1 mil per voyage for non-US built car carriers entering the US targeting c.95% of the global fleet from mid-October – combined with this week’s signals from Washington suggesting a sooner-than-expected reopening of the Red Sea, would deal a heavy blow to car carrier demand. Together, these factors comfortably support …
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Ageing Global Fleet a Challenge Throughout the Shipping Industryby hellenicshippingnews… on 8 May 2025 at 9:00 pm
The challenge of an ageing tonnage across most ship classes, together with an increase in newbuildings, will create a new landscape when it comes to the characteristics of the global shipping fleet. In its latest weekly report, shipbroker Xclusiv said that “as of April 2025, the global merchant fleet is navigating a pivotal crossroad. Across bulkers, …
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Potential return of container ships to Red Sea following US-Houthi ceasefire announcement could cause global collapse in freight rates, according to Xeneta databy hellenicshippingnews… on 8 May 2025 at 9:00 pm
The prospect of a largescale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates – but the situation remains far from certain. Data released by Xeneta – …