Industry Trends

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

US LNG exports rose strongly during the first quarter of 2025. 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 pipeline gas. The last two years, however, have seen a …

on 11 April 2025 at 5:26 pm

Although an agreement was reached on a greenhouse gas pricing measure, the Marine Environment Protection Committee meeting in London exposed deep divisions among member states on the way forward.

on 11 April 2025 at 4:33 pm

No matter one’s political viewpoint, the current tariff situation prevents importers and supply chain providers from making any medium- to long-term decisions related to investments or changes in sourcing patterns, writes Lars Jensen.

by hellenicshippingnews… on 10 April 2025 at 9:00 pm

The shipping industry isn’t immune to the ongoing trade war between the US and China. In its latest weekly report, shipbroker Xclusiv said that “the latest escalation in U.S.-China trade tensions marks a new phase of economic confrontation, with profound implications for global markets and the shipping industry. On April 2, President Donald Trump announced …

by hellenicshippingnews… on 10 April 2025 at 9:00 pm

OceanPal Inc., a global shipping company specializing in the ownership of vessels, today reported vessel revenues of $5.8 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.8 million for the fourth quarter of 2024. This compares to vessel revenues of $5.8 million, a net income of $58 thousand …

on 10 April 2025 at 5:53 pm

From an international supply chain perspective, the plan that could hit Chinese-made and -operated ships with fees in excess of $1 million per US port call could have impacts as profound as the current tariff controversy.

on 10 April 2025 at 3:47 pm

First-quarter carrier earnings are likely to be buoyed by high rates and strong demand that has spilled over from 2024, but tariffs, slowing volume and excess capacity are darkening the outlook for the rest of the year.

on 10 April 2025 at 2:24 pm

A full evaluation of on-time performance will not be possible until July once the transition to the new deep-sea services has been completed, but data for February and March is positive for the Maersk/Hapag-Lloyd alliance.

on 9 April 2025 at 10:38 pm

The executive order signed Wednesday falls short of providing any details on the proposed port fee plan but directs stricter collection of existing harbor maintenance fees.

by hellenicshippingnews… on 9 April 2025 at 9:00 pm

Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays. India showed slight improvement, supported by local demand and a …

on 9 April 2025 at 8:41 pm

And the chilling effect of the tariffs is extending further down the calendar, with forwarders in the trans-Pacific saying US retailers are holding off making purchase orders with factories in Asia for fall and holiday merchandise for 30 to 60 days.

on 9 April 2025 at 6:41 pm

The latest Global Port Tracker demonstrates the uncertainty that has overtaken global supply chains since the White House’s announcement on tariffs a week ago.

on 9 April 2025 at 4:47 pm

The expansion of the semi-submersible and deck carrier fleet comes amid a forecast rebound in offshore markets, with $46 billion worth of oil and gas EPC contracts anticipated this year and $52 billion in 2026.

on 9 April 2025 at 3:16 pm

Member states voiced determination to continue work this week on essential decarbonization measures despite a strongly worded missive from Washington urging governments to reconsider their support for emissions-cutting regulations.

on 9 April 2025 at 2:12 pm

The ad hoc call was a precursor to the Gemini Cooperation carriers preparing to position two regular services out of the Colombo West International Terminal beginning next month, sources in Colombo told the Journal of Commerce.

by hellenicshippingnews… on 8 April 2025 at 9:00 pm

China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, shipbroker Banchero Costa said that “with rising concerns over port penalties, …

by hellenicshippingnews… on 8 April 2025 at 9:00 pm

HEMEXPO, a leading marine equipment manufacturers and exporters association for the international shipping industry, has joined the EU HORIZON Innovation Action project entitled “Sustainable Emission Abatement Strategies & Technologies for Advanced Revolution Ships” (SEASTARS). The groundbreaking initiative aims to achieve a minimum 30% reduction in well-to-wake greenhouse gas (GHG) emissions by 2030 (compared to 2008 …

on 8 April 2025 at 6:36 pm

Inclement weather, the lingering effects of labor disruptions and a January surge in imports contributed to the fifth consecutive month of excessive rail dwells at Canada’s largest port.

by hellenicshippingnews… on 8 April 2025 at 5:00 pm

The NAVIGATOR ASSEMBLY, titled #TimelessSeas #NewPaths, the prelude to the 24th NAVIGATOR 2025 – The Shipping Decision Makers Forum, took place on Thursday, the 20th of March 2025, at the Grand Hyatt Athens. The event brought together over 300 executives from the maritime industry, representing 165 ship-owning companies and maritime service providers. Distinguished representatives such …

by hellenicshippingnews… on 8 April 2025 at 5:00 pm

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 1,800 teu feeder containership, M/V Monica for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross …