Industry Trends

by hellenicshippingnews… on 25 July 2025 at 9:00 pm

LPG imports from China, the world’s leading importer have been marginally higher so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade has been steadily recovering in the past three years, following a very disappointing 2021. Total seaborne exports of LPG in JanDec 2024 increased …

on 25 July 2025 at 5:18 pm

GenLogs is offering data on shipper drayage volumes, available carriers and asset location at the Port of Miami as part of a broadening of its highway sensor-based platform.

on 25 July 2025 at 3:11 pm

The 90-day pause in tariffs was long enough for US importers to advance most of their cargo shipments by ocean, according to analysts.

on 25 July 2025 at 1:50 pm

Double-digit demand is expected to continue through the third quarter on the Asia-Europe trades, piling more pressure on terminals that have been overstretched for months.

by hellenicshippingnews… on 25 July 2025 at 10:00 am

Greece will deploy a salvage vessel in the Red Sea to assist in maritime accidents and protect seafarers and global shipping, the shipping minister said on Thursday, following attacks on two Greek vessels by Yemen’s Houthi militants this month. Two Liberia-flagged, Greek-operated cargo ships, Magic Seas and Eternity C, sank off Yemen after repeated attacks …

by hellenicshippingnews… on 24 July 2025 at 9:00 pm

Newbuilding ordering activity, particularly towards Chinese shipyards has taken a step back so far in 2025. In its latest weekly report, shipbroker Xclusiv said that “the newbuilding orderbook data for dry bulk and tanker in 2024 and 2025 illustrates a dramatic transformation in global shipbuilding activity. After a period of intense ordering, 2025 has brought …

by hellenicshippingnews… on 24 July 2025 at 9:00 pm

In a spirit of cooperation, ThPA S.A. and the Federation of Greek Port Employees (OMYLE) signed, on Wednesday, July 23, 2025, the new Collective Labor Agreement (CLA) with a three-year duration (2025–2027), marking the conclusion of a constructive cycle of consultations. The President of OMYLE, Mr. Apostolos Dallas, emphasized: “The signing of the new CLA …

on 24 July 2025 at 8:03 pm

The carrier announced in March it would spend $20 billion over the next four years to significantly bolster its logistics presence in the US, including expanding its US-flag fleet and increasing capacity at key US ports.

on 24 July 2025 at 7:28 pm

Volumes from Oceania to the US East Coast have grown steadily during the past five years, with this June recording the most imports ever for a single month.

by hellenicshippingnews… on 24 July 2025 at 5:00 pm

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed an agreement for the refinancing of its existing loan facility with Alpha Bank S.A. (the “Facility”) through two separate wholly-owned subsidiaries of the Company. This facility refinances the full outstanding loan balance of US$29,750,000 previously …

on 24 July 2025 at 4:26 pm

The negative foreign exchange effects were most noticeable in the forwarder’s US dollar-denominated ocean freight business, where earnings fell sharply in the second quarter.

on 24 July 2025 at 1:53 pm

Local freight forwarders have reported rate increases in the range of $300 to $500 per FEU month over month and expect further slight gains if the pace of demand remains steady.

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

The ship recycling market has remained subdued 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 remain largely subdued, with sentiment cautious and activity restricted by a mix of seasonal and structural factors. In India, limited …

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

CMA D. ARGOUDELIS & CO S.A., a leading company in marine, industrial & energy automation, is proud to announce a strategic partnership with EGEON TECHNOLOGIES, a dynamic and specialized provider of technical services for 2-STROKE MARINE DIESEL ENGINES. This collaboration marks a major step forward in expanding both companies’ capabilities in delivering expert maintenance, troubleshooting, …

on 23 July 2025 at 6:11 pm

The Asian Development Bank also warned in a note Wednesday that escalating tariffs and further trade friction would further dim intra-Asia growth prospects.

by hellenicshippingnews… on 23 July 2025 at 5:00 pm

Mintra, a global leader in digital learning and workforce management solutions for the maritime and energy sectors, has entered a strategic alignment agreement with SQLearn, a leading Greek provider of online maritime training solutions. Through this partnership, SQLearn will play a key role in expanding Mintra’s presence in the Greek market, promoting Mintra’s portfolio. At …

on 23 July 2025 at 7:11 am

The joint venture is accompanied by a long-term agreement that will lock in the supply of LNG to the ocean carrier’s fast-growing dual-fuel fleet that will increase to 123 vessels by 2029.

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

Ships which can be seen as “future-proof” are the most in demand from ship owners looking to place newbuilding orders. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Chinese company Fujian GuoHang Ocean placed an order of 2 x 89,000 Panamax vessels with dual-fuel methanol propulsion to Chinese yard …

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

ABS Wavesight™, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements. As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data …

on 22 July 2025 at 7:29 pm

Canada’s port stakeholders are hopeful the new prime minister and world-renowned economist will fast-track major projects and modernize labor negotiations.