European Maritime

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

Coal exports from Australia, the second largest seaborne exporter have been down so far. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jun 2025, global seaborne coal loadings declined by -7.9% y-o-y to 619.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jun 2025, exports from Indonesia …

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

Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly, Houthi activity in the Red Sea threatens shipping through the Suez Canal. Oil sanctions continue to disrupt global energy markets, while evolving …

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

The escalating sanctions regime against Russia is reshaping trade flows, supporting parallel markets, and challenging traditional oversight. In yesterday’s Baltic Exchange Sanctions Policy Update webinar Jos Standerwick, chief executive of Maritime London, and Daniel Martin, a partner and lead for HFW’s sanctions team, spoke about the complexities of the evolving sanctions environment and its implications …

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

With the exception of the Capesize sector, most other ship classes have seen rates trade well below the average of the past seven years for the summer period. In its latest weekly report, shipbroker Xclusiv said that “the analysis of daily Baltic Exchange Time Charter Equivalent (TCE) data from January 2018 through July 10, 2025 …

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

In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising international shipping and one that the International Chamber of Shipping (ICS) has been advocating for and fully …

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

The IMO Council met for its 134th session from 7 to 11 July 2025 at IMO Headquarters in London, United Kingdom (with hybrid participation). The session was chaired by Mr. Victor Jimenez Fernandez (Spain), supported by the Vice-Chair, Ms. Amane Fethallah (Morocco).  Outcomes of the meeting are outlined below: Revised Strategic Plan for 2024-2026 The …

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

The ship recycling market lacked momentum during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye continue to face a lack of momentum, with sentiment soft and activity largely stagnant. In India, conditions remain flat as demand …

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

“In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further amplified by a drop in global ship contracting and …

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

This year’s Port State Control Concentrated Inspection Campaign (PSC CIC), taking place from 1 September to 30 November 2025, will focus on ballast water management. This news also shares some updates of DNV’s PSC Top 18 detainable deficiencies list. Every year, PSC regimes determine a specific focus area during regular inspections. For 2025, the Paris …

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

Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of IVESTOS II 76,284 dwt 2004 Tsuneishi built at $8.40 mln. In the Supramax segment, …

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

As of February 2025, shipowners in the Western hemisphere have reportedly earned over US$6.3 billion from the sale of aging tankers, many of which have eventually joined the so-called “shadow fleet.” Such vessels are often used to circumvent sanctions, particularly in transporting Russian oil outside the price cap mechanism. Indeed, on 23 June 2025, it …

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

MEPC 83 has given increased clarity to maritime’s decarbonisation imperative and the tools at hand to deliver it. But in practice, while regulations, targets and technology advance, progress remains more uneven than the projections suggest – and the risk of falling short grows. That’s why benchmarking matters. Earlier this year, LR introduced the Global Maritime …

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

Dry bulk demand is expected to remain soft throughout 2025, with a few exceptions. In its latest weekly report, shipbroker Intermodal said that “the Baltic Dry Index is on a downward trend, suffering losses of 28% since mid-June, reading 1,431 at the time of writing. This drop is primarily driven by softening market conditions in …

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

Real momentum is building behind the global shipping industry’s transition towards a zero-emission future. Over the last couple of years, the industry has been undertaking preparatory work to meet the International Maritime Organization’s (IMO) 2023 Revised GHG Strategy. The IMO reached another milestone this April, agreeing to a Net Zero Framework that outlines the regulations …

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

Tanker supply is expected to keep growing throughout 2027, despite slow newbuilding activity since the beginning of 2025, since a large number of orders during the 2023-2024 will hit the water. In its latest weekly report, shipbroker Gibson said that “tanker ordering activity for vessels above 25,000 dwt has dropped sharply this year, with total …

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

Capesize The Capesize market reflected a cautiously optimistic tone this week, with firm activity in the Pacific and a gradually improving Atlantic. The Pacific was active throughout, with all three major miners eventually engaging the market. C5 rates softened steadily from early-week highs of $7.60 to $7.35–$7.45 by midweek, although sentiment turned sharply more bullish …

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

The EU retained its lead as the biggest LNG importer, significantly increasing its imports during the first half of the year. 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 …

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

This week’s Chart Market Monitor highlights the significant increase in Brazilian crude oil shipments to China, which reached a record 93.6 million barrels in Q2 2025, marking a 53% rise from Q1 and a 60% year-on-year surge compared to Q2 2024. These are the highest second-quarter volumes recorded in recent years, far surpassing previous benchmarks …