European Maritime

by hellenicshippingnews… on 29 April 2025 at 9:00 pm

Newbuilding activity is expected to face a period of transition following the USTR policy decision. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector Chinese builder Jiangjiang Nanyang contracted an order for 4×40,000 dwt bulk carriers from Yangzijiang Shipping. The price for each newbuild is $30m, deliveries are expected to …

by hellenicshippingnews… on 29 April 2025 at 9:00 pm

As ports contend with rising trade volumes, stricter environmental regulations, and increasing expectations for operational efficiency, long-standing practices are coming under scrutiny. Among these, mooring remains one of the most hazardous and inefficient aspects of port operations. Despite the rapid advancement of port infrastructure and digitalization, mooring has largely remained unchanged for decades. Operations still …

by hellenicshippingnews… on 29 April 2025 at 9:00 pm

Kongsberg Maritime has secured a contract with Capital Group, Greece, to deliver advanced K-Sim Engine Room and Cargo simulators for their training centre on the Greek island of Chios. The investment underscores Capital Group’s commitment to high-quality training for its crew, enhancing both general STCW training and product familiarization with onboard automation systems. The delivery, …

by hellenicshippingnews… on 28 April 2025 at 9:00 pm

Global seaborne steel exports posted a strong rise during 2024, with China having the “lion’s share” of this trade, with over 30% of the overall market. In its latest weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all seaborne …

by hellenicshippingnews… on 28 April 2025 at 9:00 pm

Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to $3.5 …

by hellenicshippingnews… on 28 April 2025 at 9:00 pm

Through our dry bulk flow tool, we have identified changing trends in the trade of bulk raw materials from the West Coast of Africa to China. In particular, bauxite flows have surged, driven by China’s growing aluminium production, leading to a greater need for capesize vessels. As raw material sourcing fluctuates, this tool enables valuable …

by hellenicshippingnews… on 27 April 2025 at 9:00 pm

The USTR proposal with introduces charges against Chinese owned, built or operated vessels, is expected to lead to an extensive tanker fleet repositioning, mainly for the dirty tanker trade, as clean tankers aren’t affected, due to their smaller sizes. In its latest weekly report, shipbroker Gibson said that “after weeks of speculation, the Office of …

by hellenicshippingnews… on 27 April 2025 at 9:00 pm

Capesize The Capesize market showed a clear upward trajectory this week following a subdued start due to the Easter holidays. The BCI 5TC rose steadily, closing the week at $15,667, up from $13,774 on Tuesday. In the Pacific, sentiment improved significantly midweek as C5 rates climbed from early lows, supported by growing cargo volumes and …

by hellenicshippingnews… on 27 April 2025 at 9:00 pm

Through our dry bulk flow tool, we have identified changing trends in iron ore flows from Indian ports. Growing domestic demand from the steel industry and weaker demand from China have led to less iron ore leaving Indian ports so far in 2025. Fully utilizing the dry bulk flows feature enables maritime professionals to spot, …

by hellenicshippingnews… on 25 April 2025 at 9:00 pm

The tanker market softened during the course of the past month, OPEC said in its latest monthly report. Developments in sanctions and tariffs have kept spot freight rates trading close to the five-year average, although below the robust levels seen in 2022 and 2023. VLCC rates softened in March as support from sanction related uncertainties …

by hellenicshippingnews… on 25 April 2025 at 9:00 pm

Despite persistent international sanctions, Iran managed to sustain significant crude oil exports between January 2023 and March 2025, totaling approximately 268.5 million barrels. This continued export activity—entirely sourced from Iranian production—demonstrates Tehran’s resilience and strategic adaptability in circumventing global pressure. A striking feature of Iran’s export strategy is its overwhelming reliance on Kharg Island, which …

by hellenicshippingnews… on 24 April 2025 at 9:00 pm

The shipping industry is having to navigate a “minefield” of trade and geopolitical tensions these days, in an era when protectionist policies are at the forefront. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representative’s newly unveiled port fees are a bold escalation in America’s economic tug-of-war with China — but …

by hellenicshippingnews… on 24 April 2025 at 9:00 pm

Intertwined with the complexities of market volatility, oil and freight dynamics, unprecedented geopolitical events, rising sanctioned trades, and environmental and regulatory changes, the rapidly ageing VLCC fleet stands out as one of the consequential trends set to resonate for the foreseeable future within the tanker industry. Historical and projected data highlighting the shift towards a …

by hellenicshippingnews… on 24 April 2025 at 9:00 pm

“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the global fleet’s DWT capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The global fleet of …

by hellenicshippingnews… on 23 April 2025 at 9:00 pm

Prices for dry bulk carriers have been on the rise over the past week, as more deals were concluded. In its latest weekly report, shipbroker Xclusiv said that on the dry bulk market “on the Kamsarmax sector, the “Sea Pluto” – 81K/2013 New Times was sold for USD 16.5 mills and the “Seaduty” – 82K/2008 …

by hellenicshippingnews… on 23 April 2025 at 9:00 pm

The ongoing tariff wars and retaliations have created havoc globally, with the LNG market expecting changes in trade patterns. While the US-China trade war appears to have minimal impact on LNG shipping (at least in 2025), the repercussions will be prominent in case of an extended war, denting LNG shipping in the long run, with …

by hellenicshippingnews… on 23 April 2025 at 9:00 pm

The first quarter of 2025 has shown mixed signals in China’s dry bulk import profile, reflecting commodity-specific trends and the broader strategic shifts underway amid the U.S.-China trade war. The above charts reveal YoY volume comparisons for March 2025 vs. March 2024, highlighting divergent patterns in iron ore, coal, and grain flows to China. Iron …

by hellenicshippingnews… on 22 April 2025 at 9:00 pm

Global trade flows are shifting in response to the ongoing trade war. In its latest weekly report, shipbroker Intermodal said that “the recent surge in trade tensions between the U.S. and China, marked by the U.S. imposing tariffs up to 145% on Chinese imports and China retaliating with 125% tariffs, has cast a significant shadow …

by hellenicshippingnews… on 22 April 2025 at 9:00 pm

Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels …