European Maritime

by hellenicshippingnews… on 2 July 2025 at 9:00 pm

With the Hong Kong Convention entering into force, the global ship recycling industry is officially entering a new era. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “June 26, 2025, marks a key regulatory moment in the ship recycling landscape, with the Hong Kong Convention (HKC) officially …

by hellenicshippingnews… on 2 July 2025 at 9:00 pm

Clarksons Research have today released their mid-year review of shipping markets. With shipping often at the “frontline” of uncertain geo-political dynamics, understanding underlying market trends has often been “tricky”. Our cross-market day rate tracker the ClarkSea Index softened “only” 5% y-o-y in 1H to $24,101/day, but, container aside (+79% y-o-y), tankers (-33%), bulkers (-31%) and …

by hellenicshippingnews… on 2 July 2025 at 9:00 pm

“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes,” says Filipe Gouveia, Shipping Analysis Manager at …

by hellenicshippingnews… on 1 July 2025 at 9:00 pm

Dry bulk carriers have been in high demand over the past few weeks, both in terms of newbuildings and second hand sales. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market “in the dry sector, Chinese company Shandong Shipping placed an order of 10 x 325,000 dwt ore carriers (Guaibamax …

by hellenicshippingnews… on 1 July 2025 at 9:00 pm

Russia’s shadow tanker fleet has at least tripled since the 2022 invasion. US-EU sanctions are steadily blacklisting hundreds of ships, pushing up the cost of evasion and shrinking safe harbours. Operators are masking ownership through shell firms, swapping flags and IDs, and darkening AIS signals to stay ahead. Any charterer, insurer or financier dealing with …

by hellenicshippingnews… on 30 June 2025 at 9:00 pm

The 12-day war between Iran and Israel highlighted, once again, the vulnerability of energy routes, with stakeholders now calling for a diversification of energy sources. In its latest weekly report, shipbroker Intermodal said that “amid a fluid and fast-evolving geopolitical landscape in the Middle East marked by geostrategic calculated moves, energy and shipping markets are …

by hellenicshippingnews… on 30 June 2025 at 9:00 pm

Owners and Charterers – question four Fast-paced regulatory, technological and contractual change continues to drive maritime decarbonisation, with numerous fresh challenges emerging day-to-day. To assist you in navigating these changing times, by focusing on the practical issues likely to impact your business directly, we continue 2025 by illuminating five key maritime decarbonisation questions. This week …

by hellenicshippingnews… on 30 June 2025 at 9:00 pm

The 110th session of the Maritime Safety Committee (MSC 110) was held from 18 to 27 June 2025. The session adopted SOLAS amendments to improve the safety of transfer arrange- ments for pilots and other personnel embarking and disembarking ships, and made significant progress on a new non-mandatory code of safety for autonomous ships (MASS …

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

The crude tanker markets are expected to remain supported from the long term oil market fundamentals. In its latest weekly report, shipbroker Gibson said that “earlier this month, the International Energy Agency (IEA) released their annual report detailing a medium-term outlook for oil markets. Oil 2025 has reiterated last year’s assertion that global oil demand …

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

Capesize The Capesize market experienced a marked decline this week, with sentiment steadily weakening amid persistently low activity across both the Atlantic and Pacific basins. A key factor was the prolonged absence of all major C5 miners in the Pacific, which led to mounting vessel supply and further dampened sentiment. As a result, C5 fell …

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

As the maritime industry navigates through a vortex of geopolitical uncertainty, climate extremes, and supply chain bottlenecks, one reality becomes increasingly clear: traditional hull and machinery insurance and P&I cover is not enough. In times of war, pandemic spillover, port strikes, and unforeseen shutdowns, shipowners and charterers alike face a glaring exposure — delays. And …

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

China’s iron ore imports have been dropping so far in 2025, based on the latest data. In its latest weekly report, shipbroker Banchero Costa said that “2024 was another positive year for global seaborne iron ore trade. In Jan-Dec 2024, global loadings of iron ore increased by +2.3% y-o-y to 1,669.2 mln tonnes, based on …

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

This week’s Market Monitor highlights a notable shift in thermal coal trade flows, particularly in the evolving import strategies of China and India. According to the latest dry bulk flow data, Indonesia continues to account for 48% of global thermal coal exports, with Taboneo and Muara Berau remaining the most active origin terminals. However, Chinese …

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

The oceans have long been central to global trade, but a recent directive from Washington is poised to transform them into a new frontier for mineral extraction, opening a potentially lucrative angle for the shipping industry. On April 24, 2025, President Donald Trump issued an Executive Order, titled, “Unleashing America’s Offshore Critical Minerals and Resources”, …

by hellenicshippingnews… on 26 June 2025 at 9:00 pm

The newbuilding market has kept on showing added momentum as more Greek owners were reportedly active last week. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector, Greek based company Dynacom exercised the option for 6 x 159,000 dwt Suezmaxes at Chinese New Times Shipyard, taking the full order now …

by hellenicshippingnews… on 26 June 2025 at 9:00 pm

“As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the potential to be 16,000 ships, or 700m deadweight tonnes (DWT), from previously 15,000. The new …

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

The ship recycling market is trying to find a renewed sense of footing, as the transition towards HKC-compliance is underway, while geopolitical tensions flared once more, negatively impacting the market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “this week offered little change across key ship recycling …

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

“We forecast a stable demand outlook for the container shipping sector in line with our previous report despite the uncertainties introduced by new US trade policies. We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our ship demand growth forecast now excludes a return to normal Red Sea and Suez …