European Maritime

by hellenicshippingnews… on 5 March 2026 at 10:00 pm

Tanker rates have risen to levels rarely seen as the Hormuz Strait, a key gateway for crude oil exports is effectively shut. In its latest weekly report, shipbroker Xclusiv said that “the crude tanker tape has shifted from strong to structurally tight in a matter of weeks. As of late February, Baltic TCEs are printing …

by hellenicshippingnews… on 5 March 2026 at 10:00 pm

Further attacks on vessels and maritime infrastructure in the Middle East as the conflict in the region reached its 5th day. At least 9 ships now identified to have been attacked, including the ‘Safeen Prestige’ (IMO number 9593517, feeder containership) and ‘Athe Nova’ (IMO Number 9188116, asphalt and bitumen carrier). Attacks reported at a number …

by hellenicshippingnews… on 5 March 2026 at 10:00 pm

The Strait of Hormuz is the most important waypoint for vessels destined for the Arabian Gulf, as the largest discharge ports are located on the western side. Given the current conflict in the region, many vessels currently inside the Gulf are unlikely to risk exiting in the near term, effectively limiting available tonnage. ● ~320 …

by hellenicshippingnews… on 4 March 2026 at 10:00 pm

The ship recycling market in Southeast Asia are also subject to the Gulf Region war escalation. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market came off during the week, with pricing levels no longer considered viable despite continued decent demand from end buyers. The …

by hellenicshippingnews… on 4 March 2026 at 10:00 pm

“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry bulk cargo volumes and tonne mile demand,” says Filipe Gouveia, Shipping Analysis …

by hellenicshippingnews… on 4 March 2026 at 10:00 pm

With the ongoing armed conflict in the Middle East, Iran confirms effectively blocking the Strait of Hormuz, through which 20% of the global LNG supply transits. Drewry expects about 2 million tonnes of LNG supply from Qatar and the UAE to be choked on a weekly basis, however, if tensions persist, this could disrupt up …

by hellenicshippingnews… on 3 March 2026 at 10:00 pm

More dry bulk newbuilding orders have been placed this week, with Greek owners not shy of contracting more ships. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Japan’s Imabari shipyard secured an order for 2 x 181,500 dwt capesize vessels from Greek-owner Navios Maritme. The price for each vessel …

by hellenicshippingnews… on 3 March 2026 at 10:00 pm

Greek shipping has long stood as a model of resilience and continuity. Through economic cycles, global crises, and regulatory upheaval, Greek shipowners and managers have demonstrated not only commercial strength but also an enduring sense of responsibility. In an industry that is now redefining itself through sustainability, transparency, and digitalisation, this sense of responsibility offers …

by hellenicshippingnews… on 3 March 2026 at 10:00 pm

The ongoing US–Iran conflict has severely disrupted maritime traffic through the Strait of Hormuz—a narrow but strategically vital waterway between Oman and Iran that connects crude oil exporters in the Persian Gulf with global markets. In response to ongoing arm conflict, vessels are diverting away from the Strait to evade the threat of attack. At …

by hellenicshippingnews… on 2 March 2026 at 10:00 pm

Demand for second hand dry bulkers has grown considerably during the few weeks of 2026. In its latest weekly report, shipbroker Xclusiv said that “from 1 Jan to 20 Feb 2026, the dry bulk S&P tape has been running at a materially stronger tempo compared to the same window of 2025. Based on Xclusiv’s Shipbrokers …

by hellenicshippingnews… on 2 March 2026 at 10:00 pm

Aframax mainstream tonne-miles demand has set seasonal highs so far in 2026, with freight rates striking multi-year highs. However, beneath the headline strength, a nuanced vessel-supply-side picture hints that net fleet growth is set to accelerate this year, despite the anticipated sanctions pull into the dark fleet. Plus, the composition of demand is shifting in …

by hellenicshippingnews… on 2 March 2026 at 10:00 pm

With Capesize earnings expected to remain firm, the strength of the Cape market is likely to continue to support Panamax freight rates. A key driver of this continued correlation will be competition on major coal routes that still employ both Cape and Panamax tonnage. With Capesize earnings expected to remain firm, the strength of the …

by hellenicshippingnews… on 1 March 2026 at 10:00 pm

Rates for VLCC tankers have been rallying hard over the past few days. In its latest weekly report, shipbroker Gibson said that “the VLCC market has reawakened with force. Benchmark TD3C earnings have surged to above $200,000/day, a level not seen since May 2020. The scale and speed of the move has upended market expectations. …

by hellenicshippingnews… on 1 March 2026 at 10:00 pm

Capesize The week began with renewed optimism, led by a firmer Pacific market as all three major miners returned to the market and operator cargo volumes appeared healthy. Early strength in the Pacific, supported by fixtures above $10.00 on C5, set a constructive tone, while the Atlantic also edged higher despite a noticeable bid-offer gap. …

by hellenicshippingnews… on 1 March 2026 at 10:00 pm

The improvement in one-year time charter earnings has reshaped the VLCC secondhand market. The recent strong cash generation and improved freight visibility have pushed asset values sharply higher, not only for modern units but also for overaged units. The rising 1-year time charter (TC) rates are now closely tracking the upward trend in asset prices. …

by hellenicshippingnews… on 27 February 2026 at 10:00 pm

Coal exports from South Africa have been steadily recovering over the past few years and 2025 was no exception. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade lost momentum in 2025, easing after a strong rebound the previous year that that had brought activity back to pre-Covid levels. In Jan-Dec …

by hellenicshippingnews… on 27 February 2026 at 10:00 pm

Sinokor Merchant Marine has swiftly established itself as a major operator in the VLCC segment, acquiring more than 50 second-hand vessels while also adding substantial tonnage through time-charter arrangements. The expansion has reportedly been financed through a $2.5–3 billion exit from its container shipping business, with proceeds strategically redeployed into the crude tanker market. The …

by hellenicshippingnews… on 27 February 2026 at 10:00 pm

This week’s focus highlights the softening trend in TSOP data flows for Indonesian thermal coal shipments to India, particularly within the Panamax vessel segment, toward the end of February. The deceleration in shipments coincided with adjustments to Indonesia’s reference coal pricing. The Indonesian Ministry of Energy and Mineral Resources (MEMR) lowered the mid-month Harga Batubara …

by hellenicshippingnews… on 26 February 2026 at 10:00 pm

In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Greece’s Seanergy Maritime placed an order of 1 x 211,000 dwt newcastlemax vessel to Jiangsu Hantong Ship Heavy. The price is $75.8 mln and delivery is set for mid2028. Seanergy placed an addition order, this time for 1 x 181,500 dwt …

by hellenicshippingnews… on 26 February 2026 at 10:00 pm

“We expect continued strong market conditions for crude tankers in 2026 and 2027 despite some weakening in 2027. On the other hand, we forecast that the product tanker market will weaken during both years as fleet and supply growth accelerates,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. According to the International Energy Agency, global …