European Maritime

by hellenicshippingnews… on 22 January 2026 at 10:00 pm

Tanker market rates have been reacting to the latest developments globally. In its latest weekly report, shipbroker Xclusiv said that “the first half of January reminded everyone that crude tankers do not need a fresh demand miracle to re-rate, they just need the map to change. Baltic Exchange TCEs captured that shift almost day by …

by hellenicshippingnews… on 22 January 2026 at 10:00 pm

The Week in Focus Drone strikes in the Black Sea have targeted multiple commercial tankers awaiting loading at or near the Caspian Pipeline Consortium (CPC) terminal. U.S. forces have expanded interdiction under Operation Southern Spear, seizing multiple sanctioned tankers, including the Marinera in the North Atlantic and the sixth vessel, Veronica, in the Caribbean Sea, …

by hellenicshippingnews… on 22 January 2026 at 10:00 pm

In recent years, the maritime finance sector has witnessed growing interest in non-payment insurance as a risk mitigation tool. This trend reflects broader market efforts to enhance credit security and diversify capital sources, aligning shipping finance practices with those long established in other asset classes. Historically covered by government-backed institutions such as (in the shipping …

by hellenicshippingnews… on 21 January 2026 at 10:00 pm

The ship recycling markets showed signs of recovery as buyer demand is present. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market trended softer through most of the week, and despite the introduction of new import duties the overall tone remained weak; however, towards the …

by hellenicshippingnews… on 21 January 2026 at 10:00 pm

The Baltic Capesize Index opened the week marginally firmer, while weekly performance remains lower, indicating continued sensitivity in the freight market. Ballaster availability remains elevated across both basins, with approximately 160 vessels (5-day MA) in West Australia and around 280 vessels (5-day MA) in the South Atlantic. South Atlantic ballaster counts are around 40 vessels …

by hellenicshippingnews… on 21 January 2026 at 10:00 pm

Potential redirection of Venezuelan crude oil exports could boost already high tanker rates in the near to medium term due to a shift to the mainstream fleet from shadow tankers, Fitch Ratings says. Any shift in the transportation of Iranian oil from the shadow fleet to mainstream tankers remains an upside risk. Key downside risks …

by hellenicshippingnews… on 20 January 2026 at 10:00 pm

Ship owners have been quite active both in the newbuilding and the S&P markets over the past few days. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Hong Kong-based owner Seacon Shipmanagement placed an order of 2 x 210,000 dwt newcastlemax vessels to Chinese yard Qingdao Beihai. Deliveries are …

by hellenicshippingnews… on 20 January 2026 at 10:00 pm

A 5% increase in global steel exports in 2025 was driven by a surge in Chinese exports. Steel flows in 2025 are 5% higher than in 2024. China has driven the increase in outward steel flows, as its exports rose by 19%. Elsewhere, outward steel flows fell 2% y/y. Outlook to 2026, weak domestic steel …

by hellenicshippingnews… on 20 January 2026 at 10:00 pm

With 2025 volumes nearly counted, Drewry’s upgraded Intra-Asia Container Market Insight, which now supports port, country and region level insights, reveals that the China to Vietnam market remains the most important country-to-country trade flow in the intra-Asia trade for the second year in a row. This trade grabbed first place in 2024 from the China …

by hellenicshippingnews… on 19 January 2026 at 10:00 pm

Seaborne trade through the Arctic is growing steadily over the last few years, in what could be a significant factor of the latest Greenland debacle. In its latest weekly report, shipbroker Intermodal said that “Donald Trump brought the Arctic into the spotlight recently, asserting that Greenland is essential to U.S. national security and expressing his …

by hellenicshippingnews… on 19 January 2026 at 10:00 pm

Most charterers spend their time thinking about ships, cargo, and freight, not about financing structures. Yet behind many vessels today lies a complex web of ownership and lending arrangements. When something goes wrong in that chain, it can directly affect the charterer’s ability to perform under their own contracts. Consider a charterer with a time …

by hellenicshippingnews… on 19 January 2026 at 10:00 pm

The International Maritime Organization’s (IMO) net-zero emissions target by 2050 is challenging. Today, the industry accounts for 3% of the world’s total emissions – matching the output of the aviation sector. Growth in global trade and production have seen emissions surge in recent years. The industry is predicted to grow at 2% year on year to 2028, a trend which, …

by hellenicshippingnews… on 18 January 2026 at 10:00 pm

The tanker market is again turning its focus over to Iran, after a turbulent week with the developments in Venezuela. In its latest weekly report, shipbroker Gibson said that “following two weeks of unrest, the oil market is again focused on Iran after a period of relative calm since last summer’s 12‑day war. At the …

by hellenicshippingnews… on 18 January 2026 at 10:00 pm

Capesize The market endured another challenging week, with sentiment steadily weakening across most routes as rates continued to slide. In the Pacific, despite consistent miner participation and generally healthy operator activity, this proved insufficient to counter growing pressure from available tonnage. The C5 route softened throughout the week, with fixtures gradually slipping from the high-$7.00s …

by hellenicshippingnews… on 18 January 2026 at 10:00 pm

Dry bulk shipping is entering a new era of both opportunity and challenge. Robust commodity demand and evolving trade patterns, driven by China’s quest for supply security, are transforming global flows. At the same time, regulatory pressure and sliding sustainability goals are redefining strategies for shipowners and operators worldwide. After years of volatility, shaped by …

by hellenicshippingnews… on 16 January 2026 at 10:00 pm

The tanker market faced a downward correction during the month of December, OPEC said in its latest monthly report. Dirty tanker spot freight rates dipped in December following the strong gains seen in recent months. VLCC spot freight rates experienced a drop, but remained at strong levels on continued demand for long-haul flows. Spot freight …

by hellenicshippingnews… on 16 January 2026 at 10:00 pm

Chart of the Week| AG Supply Vs Demand • Despite some encouraging short-term signals, the underlying demand is not yet strong enough to fully warrant the current positive sentiment in the VLCC market. • AG freight conditions have improved from the early-January extremes, alongside a roughly 20% reduction in net vessel supply from recent peak …

by hellenicshippingnews… on 15 January 2026 at 10:00 pm

The tanker market could be thrust forward by the potential scrapping of some 350 tankers, which are estimated to form a main part of the sanctioned Venezuelan trade. In its latest weekly report, shipbroker Xclusiv said that “the first weeks of 2026 have delivered a tectonic shift to the global tanker market, as the U.S. …

by hellenicshippingnews… on 15 January 2026 at 10:00 pm

2025 marked a turning point for shipping’s decarbonisation journey. In September, shipowners faced their first compliance deadline under the EU Emissions Trading System (EU ETS), requiring vessels that called at EU ports in 2024 to surrender carbon allowances for their verified emissions. These payments were made in the form of EU Allowances (EUAs), which are …