European Maritime

by hellenicshippingnews… on 19 September 2025 at 9:00 pm

Ship owners have been keeping even obsolete ships from scrapping so far this year, as the cashflows they produce are significant. In its latest weekly report, shipbroker Xclusiv said that “ship demolition activity over the past five years reveals a cyclical but narrowing trend, with 2025 standing out for its low absolute numbers, despite covering …

by hellenicshippingnews… on 19 September 2025 at 9:00 pm

“Fire in container!” Not words a shipowner or insurers want to hear from a vessel at sea. The risk of container ship fires is, however, a problem that is not going away. We have seen a number of salient, recent examples of fires and explosions posing threats to vessels, their crew, their cargo and the …

by hellenicshippingnews… on 19 September 2025 at 9:00 pm

The Club has seen a recent spate of pollution incidents involving the discharge of grey water within territorial waters which fall outside of what is permitted by the local port state authority under national legislation. These incidents have resulted in detentions and fines from Port State Control. Grey water is defined as wastewater originating from …

by hellenicshippingnews… on 18 September 2025 at 9:00 pm

With crude oil flows patterns still very much fluid, tanker market participants are closely monitoring oil demand and supply fundamentals. In a recent weekly report, shipbroker Xclusiv said that “Russian seaborne crude exports in August reached 3.40 million b/d, inching higher from July’s 3.35 million b/d but remaining below the 3.5–3.6 million b/d levels seen …

by hellenicshippingnews… on 17 September 2025 at 9:00 pm

The ship recycling market is still experiencing muted sentiment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India, “the market remained relatively strong during most of the week, though it softened toward the end, reflecting some downward adjustment in prices. Buying appetite is still visible, though …

by hellenicshippingnews… on 17 September 2025 at 9:00 pm

Following a weak start to 2025, Indonesian thermal coal shipments are showing signs of recovery. June marked the lowest monthly volume of the year at around 35 million tonnes, but by August exports had rebounded to nearly 48 million tonnes, surpassing year-ago levels. While first-half flows totaled 236.4 million tonnes, down from 263.0 million tonnes …

by hellenicshippingnews… on 16 September 2025 at 9:00 pm

Newbuilding ordering activity rose last week, with more owners contracting vessels. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Danaos Shipping placed an order of 2 x 7,500 teu carriers to China’s Dalian Shipbuilding. The price for each vessel is $80 mln and deliveries are set for …

by hellenicshippingnews… on 16 September 2025 at 9:00 pm

China’s LPG market has been on a rollercoaster ride this year, caught between tariff wars, volatile petchem margins and shifting supply patterns. Following the lows in June, the country’s LPG imports began to recover in July owing to robust feedstock demand from PDH plants and temporarily eased geopolitical headwinds, after the second 90-day pause of …

by hellenicshippingnews… on 15 September 2025 at 9:00 pm

Geopolitics are increasingly shaping the current tanker market landscape. In a recent weekly report, shipbroker Intermodal said that “Nigeria’s oil industry is enjoying a rare moment of momentum. After years of underperformance and insecurity in the Niger Delta, production has rebounded sharply, averaging 1.71 million barrels per day in July—almost 10% higher than the same …

by hellenicshippingnews… on 15 September 2025 at 9:00 pm

Every year, the Port State Control (PSC) selects a particular area of ship safety or environmental regulation for closer scrutiny as part of its Concentrated Inspection Campaign (CIC). This autumn, over September and November 2025, the focus will be on ballast water management. Inspectors under the Paris and Tokyo MoUs will be paying extra attention …

by hellenicshippingnews… on 15 September 2025 at 9:00 pm

What began as a predictable point-to-point trade has transformed into a complex web of geopolitical calculations, environmental compliance, and strategic fleet planning that will define energy security for the next decade. The Disruption Reset The numbers tell a stark story. Nearly 60 LNG carriers sat idle by late July 2025, whilst charter rates traded at …

by hellenicshippingnews… on 14 September 2025 at 9:00 pm

The product tanker market could be set for a respite in the coming months. In its latest weekly report, shipbroker Gibson said that “last month refining runs hit an all-time high of just over 85mbd, with refineries running much harder this summer than at any other point since the pandemic. Globally, refining has had a …

by hellenicshippingnews… on 14 September 2025 at 9:00 pm

Capesize Positive sentiment was observed across both the Atlantic and Pacific basins throughout the week, with the exception of a brief pause on Thursday. The Capesize timecharter average closed at $25,457 on Friday, marking a gain of $1,944 week-on-week. Sentiment appeared positive in the North Atlantic but activity remained limited overall. In the Brazil/West Africa …

by hellenicshippingnews… on 14 September 2025 at 9:00 pm

Rystad Energy’s latest analysis reveals a growing threat to global energy security as the world’s five most critical maritime chokepoints, narrow sea routes that handle the bulk of global oil and gas transit, face escalating risks from conflict, piracy and environmental hazards. In 2023, these chokepoints carried an estimated 71.3 million barrels per day (bpd) …

by hellenicshippingnews… on 12 September 2025 at 9:00 pm

Dirty tanker spot freight rates largely recovered from the previous month’s declines. Suezmax rates saw the strongest gains, up 34% on average, m-o-m, and 38%, y-o-y, OPEC said in its latest monthly report. Spot freight rates on the West Africa-toUS Gulf Coast (USGC) route jumped 38%. VLCC spot freight rates were lifted by routes terminating …

by hellenicshippingnews… on 12 September 2025 at 9:00 pm

In an age defined by ultra-fast digital transformation, the global trade landscape remains anchored in a bygone era of paper. Despite the acknowledged benefits of going digital, international trade continues to depend heavily on paper-based documents and processes. A new OECD policy paper advocates that it’s time to abandon the archaic “paper chase” and embrace …