Industry Trends

by hellenicshippingnews… on 4 July 2025 at 9:00 pm

Iraq crude oil exports have kept on retreating during the first five months of 2025, continuing the downward trend of 2024 at a heightened pace. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global crude oil loadings went up by a modest +0.4% yo-y to 2194.6 mln tonnes, excluding all …

by hellenicshippingnews… on 4 July 2025 at 9:00 pm

Kongsberg Maritime has been awarded a significant contract by Samsung Heavy Industries (SHI) to supply integrated technology packages for nine new Dynamic Positioning (DP) Shuttle Tankers. The vessels are being constructed for Greek shipowner Tsakos Group and will be a bare-boat charter by Brazilian energy logistics company Transpetro, supporting offshore operations in Brazil’s pre-salt oil …

by hellenicshippingnews… on 3 July 2025 at 9:00 pm

Seaborne trade flows are expected to be reshaped, due to China’s and India’s shift towards higher-grade coal imports. In its latest weekly report, shipbroker Xclusiv said that “China’s domestic steel demand continues to experience a marked downturn, deepening concerns over the near-term outlook for the world’s largest steel market. Data from May 2025 indicate a …

on 3 July 2025 at 6:15 pm

The federal watchdog agency said the US Maritime Administration has financial levers to help the domestic shipbuilding industry but doesn’t know their effectiveness.

on 3 July 2025 at 5:43 pm

Longer transits around southern Africa, restructured alliance networks and bottlenecks in Asia continue to cause ships to arrive outside their scheduled European arrival windows.

by hellenicshippingnews… on 3 July 2025 at 5:00 pm

Performance Shipping Inc. announced that it has successfully placed USD 100 million of bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in July 2029 and will pay a fixed coupon of 9.875% per annum, …

on 3 July 2025 at 2:30 pm

The push and pull of US support for decarbonization efforts puts a question mark over potential project cargo demand.

on 3 July 2025 at 1:26 pm

While vessels on the lead West India-US East Coast networks have continued to sail full, forwarders have linked the “sold-out” experience to capacity cutbacks and consequent cargo rollovers.

by hellenicshippingnews… on 2 July 2025 at 9:00 pm

With the Hong Kong Convention entering into force, the global ship recycling industry is officially entering a new era. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “June 26, 2025, marks a key regulatory moment in the ship recycling landscape, with the Hong Kong Convention (HKC) officially …

on 2 July 2025 at 7:09 pm

The fresh capacity carriers rushed into the US’ busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes.

on 2 July 2025 at 5:54 pm

The complaint from Dollar General alleges the carrier sold more of its capacity in the high-flying spot market of 2021, leaving shippers under fixed-price contracts in the lurch.

on 2 July 2025 at 3:26 pm

The deployment of 24,000-TEU ships on its Africa Express service allows the carrier to better leverage billions of dollars invested in West Africa in recent years, reducing exposure to congested North European ports.

on 2 July 2025 at 2:11 pm

The $177 million plan to enlarge Spain’s TTI Algeciras is in line with the strategy of ocean carriers to diversify revenue and exert greater control over their supply chains.

by hellenicshippingnews… on 1 July 2025 at 9:00 pm

Dry bulk carriers have been in high demand over the past few weeks, both in terms of newbuildings and second hand sales. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market “in the dry sector, Chinese company Shandong Shipping placed an order of 10 x 325,000 dwt ore carriers (Guaibamax …

by hellenicshippingnews… on 1 July 2025 at 9:00 pm

Ocean Network Express (ONE) announces the establishment of a new ONE branch in Greece – Ocean Network Express (Europe) Limited, Greece Foreign Branch. Scheduled to commence operations in November 2025, this strategic expansion recognizes the importance of Greece as a reliable and historic maritime hub, with a legacy of maritime excellence that continues to this …

on 1 July 2025 at 6:27 pm

The uptick in rates comes despite a 9% surge in deployed capacity on regional services since February, according to figures from British transport consultant MDS Transmodal.

by hellenicshippingnews… on 1 July 2025 at 5:00 pm

The Royal Norwegian Embassy in Athens, in collaboration with Oriani Hellas, successfully hosted the 2nd Greek-Norwegian Maritime Innovation Summit at the Ambassador’s residence. The event gathered prominent stakeholders from maritime companies for a day of dialogue around digitalization, data-driven operations and decarbonization. With key sponsorship from Jotun and DNV, two Norwegian companies leading in sustainability …

on 1 July 2025 at 3:00 pm

Easing freight rates and demand suggest a “wait-and-see” approach by US importers as the July 9 end of the temporary reprieve on so-called “reciprocal” tariffs nears.

on 30 June 2025 at 9:04 pm

The procedural reauthorization bill would provide funding for the agency for the next three fiscal years and add more outside expertise on ports and ocean carriers.

by hellenicshippingnews… on 30 June 2025 at 9:00 pm

The 12-day war between Iran and Israel highlighted, once again, the vulnerability of energy routes, with stakeholders now calling for a diversification of energy sources. In its latest weekly report, shipbroker Intermodal said that “amid a fluid and fast-evolving geopolitical landscape in the Middle East marked by geostrategic calculated moves, energy and shipping markets are …