Industry Trends

by hellenicshippingnews… on 21 March 2025 at 10:00 pm

Despite the rising trade tensions, China is still the main destination for US soybeans. In its latest weekly report, shipbroker Banchero Costa said that “total seaborne exports of soybeans in calendar (Jan-Dec) 2024 declined by -5.0% year-on-year to 142.3 mln tonnes, according to vessel tracking data from AXS Marine. This was a correction from the …

on 21 March 2025 at 7:13 pm

Cosco said changes in the shipping alliances this year will trigger competition in digitization and decarbonization.

on 21 March 2025 at 6:32 pm

US maritime interests said the proposed fees on Chinese ships would hit a variety of low-value, niche trades that can’t absorb the costs.

on 21 March 2025 at 4:24 pm

MPV industry experts call for exemptions to US port taxes for China-built ships, stressing the lack of alternatives for specialist cargo carriage and the unfair burden on responsibility on the sector.

on 21 March 2025 at 4:15 pm

Container lines serving the India-US trade appear to be taking a hard line in the first round of annual contract negotiations amid overcapacity putting downward pressure on spot rates.

on 21 March 2025 at 2:35 pm

The IMO is a specialized agency of the United Nations, which potentially puts the organization in the crosshairs of the new administration that is reassessing all its UN positions and policies.

by hellenicshippingnews… on 21 March 2025 at 11:00 am

TEN, Ltd announces the construction of nine DP2 Suezmax Shuttle Tankers with 15-year employment contracts for Petrobras Transporte S.A. (“Transpetro”), Brazil’s largest oil and gas transportation company. The deliveries are scheduled for 2027 and 2028 and TEN intends to build the vessels at Samsung Heavy Industries Co. Ltd. in South Korea, the yard that the …

on 21 March 2025 at 9:51 am

A deal between the Northwest Seaport Alliance and the Native American Puyallup Tribe will result in a 22-acre, two-berth terminal completed by the end of the decade.

by hellenicshippingnews… on 20 March 2025 at 10:00 pm

The shipping market stands to benefit from falling oil prices, as fuel oil costs will diminish as well, while the dry bulk segment in particular could enjoy further tailwinds. In its latest weekly report, shipbroker Xclusiv said that “Asia’s seaborne imports of metallurgical coal fell to their lowest level in three years in February, signaling …

on 20 March 2025 at 7:08 pm

A group of seven Asia-based regional carriers are collaborating to add a weekly long-haul service on the eastbound trans-Pacific despite bearish market signals.

on 20 March 2025 at 6:28 pm

The growing backlog of boxes awaiting a return to Asia has resulted in finger pointing among stakeholders over how best to address the problem.

by hellenicshippingnews… on 20 March 2025 at 6:00 pm

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross …

by hellenicshippingnews… on 20 March 2025 at 6:00 pm

Euroholdings Ltd., an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it has completed its spin-off from Euroseas Ltd. The Company’s shares commenced trading as of March 18, 2025, on the NASDAQ Capital Market under the symbol “EHLD.” Aristides Pittas, Chairman and CEO of EuroHoldings commented: “We are extremely …

by hellenicshippingnews… on 20 March 2025 at 6:00 pm

On 8 and 9 May, the European Sea Ports Organisation is holding its Annual Conference in Thessaloniki. This year’s conference can simply not be missed, for various reasons. We are listing the five most important ones here. 1° The theme: “Towards a strategy for Europe’s ports in the post-2024 era”. With important elections reshaping political …

on 20 March 2025 at 3:29 pm

Canada’s labor minister will take a direct hand after the mediated talks for a new longshore contract at the port failed to achieve a deal after 18 months of negotiations.

on 20 March 2025 at 3:21 pm

The latest salvo in the US-induced global tariff war comes as the EU said Thursday that a 50% tax on imports of US-produced whiskey will take effect from mid-April.

by hellenicshippingnews… on 19 March 2025 at 10:00 pm

The ship recycling market has been sluggish over the past week, but sentiment could be shifting optimistic soon. In its latest report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across India, Bangladesh, Pakistan, and Türkiye continue to face a mix of stagnation and cautious optimism. In India, …

by hellenicshippingnews… on 19 March 2025 at 10:00 pm

The President of the Union of Greek Shipowners (UGS), Ms Melina Travlos, and members of the UGS Board of Directors met today with the European Commissioner for Sustainable Transport and Tourism, Mr Apostolos Tzitzikostas, in Brussels to confirm the continuing commitment of Greek shipping to the long-term security and economic resilience of the EU. The …

by hellenicshippingnews… on 19 March 2025 at 10:00 pm

ThPA S.A. has the honour to host the leading event organized annually by the European Sea Ports Organisation (ESPO). The 21st edition ESPO Conference is to be held for the first time in Thessaloniki, on 8 and 9 May 2025, at Makedonia Palace Hotel, attracting a number of distinguished speakers and participants. The ESPO Conference …

on 19 March 2025 at 9:37 pm

Montreal’s port chief says a successful outcome after nearly two years of talks between port employers and the longshore union will be critical to restoring shipper trust.