European Maritime

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

The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its latest weekly report, shipbroker Gibson said that “with all the turmoil in the global financial markets, oil prices have come under pressure not seen since the pandemic. Prices began their heavy slide last week and …

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

Capesize The Capesize market faced headwinds this week, with broader macroeconomic pressures, particularly escalating US-China tariff tensions, weighing heavily on sentiment. The BCI 5TC saw significant midweek drops before recovering slightly to close the week at $14,952, down from $16,728 at the start. In the Pacific, a longer tonnage list persisted, and although key miners …

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

US LNG exports rose strongly during the first quarter of 2025. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to diversify away from Russian pipeline gas. The last two years, however, have seen a …

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

Friday, the International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The shipping sector is now the first industry with internationally mandated targets to reduce emissions. This outcome is the result of constructive discussions among IMO member states since the adoption of the IMO’s 2023 greenhouse …

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

Evidence that verifies the advantages of GravityVibe has been accumulating quickly since MacGregor introduced the augmented gravity self-unloading system to market in February 2024. Developed to allow bulk carriers to deliver a wider variety of cargo in greater volume, GravityVibe eases the discharge of coarse materials from cargo holds. In contrast with a standard gravity …

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

The shipping industry isn’t immune to the ongoing trade war between the US and China. In its latest weekly report, shipbroker Xclusiv said that “the latest escalation in U.S.-China trade tensions marks a new phase of economic confrontation, with profound implications for global markets and the shipping industry. On April 2, President Donald Trump announced …

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

Updated voyage data from Signal Ocean shows that Aframax tanker shipments from Russia’s Pacific ports to the Far East saw a notable month-over-month increase in March 2025, despite a slight year-over-year decline compared to March 2024. Key Observations: Q1 2025 vs Q1 2024 In March 2025, a total of 44 Aframax voyages were recorded discharging …

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

Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays. India showed slight improvement, supported by local demand and a …

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

Escalation of U.S.-China Trade Tensions: Implications for Dry Bulk Freight On April 4th, China announced a 34% tariff on all U.S. imports, a retaliatory response to recent U.S. protectionist trade measures, effective April 10th. This escalation in the trade dispute is set to have a direct impact on key U.S. dry bulk exports—particularly soybeans and …

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

“During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while dirty tanker exports fell 4%. Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In early January, the Biden Administration ramped …

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

China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, shipbroker Banchero Costa said that “with rising concerns over port penalties, …

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

The Signal Ocean Platform empowers maritime professionals with up-to-date, actionable insights by tracking sanctioned vessels flagged by at least one global authority, with data from the EU, UN, OFAC, and OFSI. Our comprehensive sanctions data spans back to 2012, with a significant increase following the Russian invasion of Ukraine and a notable spike in 2018 …

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

The number of cancelled sailings in March and April on the Transpacific, Transatlantic and Asia-North Europe & Med routes rose to 198 – far more than in the same period of 2024 (135). So, what is going on? According to our Container Capacity Insight weekly online service, the increase in the number of sailings which …

by hellenicshippingnews… on 7 April 2025 at 9:00 pm

Ship owners have taken a step back from placing more newbuilding orders, attempting to assess the current market conditions, ahead of expected turbulence. In its latest weekly report, shipbroker Intermodal said that “as the first quarter of the year concludes, it is insightful to examine the dynamics of newbuilding activity in the two main conventional …

by hellenicshippingnews… on 7 April 2025 at 9:00 pm

Huge US tariffs on imports from China, Vietnam, Cambodia, Taiwan, the European Union and other countries will reshape trade and international transport. But to what extent? Drewry has looked at the impact of the previous US tariffs against China by the first Trump administration. This chart shows that the 2018 tariffs froze the volume of …

by hellenicshippingnews… on 7 April 2025 at 9:00 pm

The United States and European Union are in a trade conflict, with the US threatening 200% tariffs on European alcoholic beverages, while the EU plans to retaliate. All of this could drive inflation and hurt consumers. The US has also imposed a 25% tariff on foreign-made cars, effective 2 April, while proposed US port fees …

by hellenicshippingnews… on 6 April 2025 at 9:00 pm

In the aftermath of Liberation Day, tanker market participants are still trying to evaluate the potential impact. In its latest weekly report, shipbroker Gibson said that “on Wednesday the 2nd of April, the much-anticipated Liberation Day came to pass. US President Donald Trump made true his threats and passed a 10% tariff on all imports …

by hellenicshippingnews… on 6 April 2025 at 9:00 pm

Capesize The Capesize market started the week slowly due to the Hari Raya Puasa holiday in Singapore but gained momentum as trading resumed. The Pacific saw a midweek rebound, driven by strong C5 activity, with all three miners fixing in the low $9s. A tightening tonnage list and solid cargo volumes supported rates, while increased …