Industry Trends

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

Larger bulkers were in demand in the S&P market over the past week. In its latest report, shipbroker Banchero Costa said that “in the Bulk sector, the Capesize TRADERSHIP 176,000 dwt 2006 Namura built was reported sold to undisclosed buyers at $19 mln. As comparison, in March ARABELLA 177,000 2005 Namura built was sold at …

by hellenicshippingnews… on 23 May 2025 at 9:00 pm

On the occasion of the Presidency of Greece, the United Nations Security Council convened a high-level open debate on the theme of “Strengthening Maritime Security through International Cooperation for Global Stability”, under the item “Maintenance of international peace and security”, in the Security Council Chamber at UN Headquarters, on 20 May 2025. The debate was …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

The global seaborne trade routes appear to be steadily return to their “factory settings” after a series of positive developments over the past few weeks. However, everything is still shaky and could reverse at any time. In its latest weekly report, shipbroker Xclusiv said that “in a notable development for global trade, the United States …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

United Maritime Corporation, announced yesterday its financial results for the first quarter ended March 31, 2025. The Company also declared a quarterly dividend of $0.01 per common share for the first quarter of 2025. For the quarter ended March 31, 2025, the Company generated Net Revenues of $7.8 million compared to $10.6 million in the …

by hellenicshippingnews… on 22 May 2025 at 9:00 pm

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months and fiscal year ended March 31, 2025. Key Recent Developments Declared an irregular cash dividend of $0.50 per share of the Company’s common stock totaling $21.3 million to be paid on …

on 22 May 2025 at 6:56 pm

The Cedar Port industrial park and barge port says the construction of a new ship channel could pave the way for potential development of a container terminal at the site.

on 22 May 2025 at 1:59 pm

Indian capacity to the West Coast is in large part confined to extended Asian networks connecting over regional hubs, so space availability remains exposed to demand volatility at origin load ports.

by hellenicshippingnews… on 21 May 2025 at 9:00 pm

The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling market remained largely stagnant this week, with limited activity across key regions. In India, conditions were unchanged, with persistent liquidity issues and weak steel …

by hellenicshippingnews… on 21 May 2025 at 9:00 pm

Pyxis Tankers Inc., an international shipping company, today announced unaudited results for the three months ended March 31, 2025. For the three months ended March 31, 2025, our revenues, net, were $9.6 million. For the same period, our time charter equivalent (“TCE”) revenues were $8.4 million, a decrease of $1.8 million, or 17.4%, over the …

on 21 May 2025 at 7:39 pm

Carriers may find it difficult to bring trans-Pacific capacity back quickly because they repositioned ships into other trades outside of the region amid the tariff-linked demand drop in April and early May.

on 21 May 2025 at 6:08 pm

Matt Schrap, who has headed the HTA for the past four years, told the Journal of Commerce he is transitioning to another job but will remain with the group through late August.

on 21 May 2025 at 4:16 pm

A calendar quirk is causing consternation for importers of non-Chinese goods with long lead times who believed they had avoided the first salvo of US tariffs by loading their cargo before the prescribed “load-by” date and are now facing unexpected costs.

on 21 May 2025 at 2:09 pm

Hapag-Lloyd is betting it can extract economic value for itself through smart containers in the form of improved fleet utilization, thereby de-risking the uptake — or lack thereof — from customers.

by hellenicshippingnews… on 20 May 2025 at 9:00 pm

The shipping industry and most notably, the container shipping segment is expected to benefit from the latest positive developments in the US-China trade tensions. In its latest weekly report, shipbroker Intermodal said that “last weekend brought encouraging news for global trade and shipping markets, as progress on two key fronts helped ease geopolitical tensions and …

by hellenicshippingnews… on 20 May 2025 at 9:00 pm

In an exciting collaboration, HMC/ICS Greek Branch and ALBA proudly present a one-of-a-kind introductory summer course on shipping in Greece. This course promises an immersive experience, nestled in a country with an enduring maritime tradition and boasting the world’s largest merchant fleet. Greece, home to over 700 predominantly Greek and international shipping companies, will serve …

by hellenicshippingnews… on 20 May 2025 at 9:00 pm

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors (“the Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Management Commentary Dr. Loukas Barmparis, President of the …

on 20 May 2025 at 8:36 pm

The 15,000-square-foot, 37-dock-door facility is the latest example of how LTL carriers are expanding into drayage, container handling and global supply chains.

on 20 May 2025 at 4:03 pm

Importers can get a fairly good sense of how to proceed over the next few months based on developments to date, but things will get fuzzy when the separate cooldown periods for tariffs on China and the rest of the world expire this summer, writes Lars Jensen.

on 20 May 2025 at 2:54 pm

The Port of Los Angeles took the top spot for containerized imports in 2024 and edged out Houston and Savannah as the busiest gateway for exports.

on 20 May 2025 at 1:57 pm

Strained relationships between London and Brussels have plagued trade negotiations over the past five years around complex issues including tariffs, regulations, fishing rights and the movement of people.