Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
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Four shipping companies from Sweden, Norway, and Canada see a bright future in the European intermediate tanker market and are ordering four new VINGA ships — taking the series, developed by Furetank, to a remarkable 26 vessels. The new investment was announced on Friday in conjunction with the naming ceremony for FURE VASA, a newly...
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The Baltic Exchange’s dry bulk freight index rose 2.5% to 3,186 on Friday, extending its winning streak to seven sessions and reaching its highest level since June 2. The index measures freight rates for vessels carrying dry bulk commodities across the Capesize, Panamax and Supramax segments. Gains were broad-based, led by the bigger size segment....
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Maritime leaders increasingly view Asia—and particularly China—as the dominant force shaping the future of international shipping, according to Kapa Research’s Global Shipping Outlook 2026, a survey of 314 shipowners and C-suite executives from leading shipping companies worldwide. The findings suggest that shipping executives believe the centre of influence in maritime trade is moving decisively eastward,...
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This study examines the extent to which environmental compliance has become embedded within the private-law framework governing ship sale and purchase transactions under English law. While environmental certification, documentary compliance and regulatory readiness are already familiar concerns in contemporary maritime practice, their precise legal classification within English contract law remains underexplored. The article therefore seeks...
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For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation requires regional visibility/coverage beyond the eight trade lanes provided below, contact the team. Our detailed assessment for Thursday, 27 Aug 2026 • Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, decreased...
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Thousands of seafarers have been stuck in the Persian Gulf since the current conflict in the Middle East began on 28 February this year. To date, at least 70 attacks on international shipping have been verified by IMO, with 19 seafarers killed. With maritime security threats on the rise globally, IMO Secretary-General Arsenio Dominguez issued...
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Public support for green shipping is spreading across major regions. But governments are taking noticeably different routes to get low- and zero-emission fuels and vessels into commercial use. Several European nations are building out different links of the supply chain at once, from fuel production to vessels and bunker infrastructure. For instance, Germany opened applications...
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The CMA CGM Group, a global player in sea, land, air and logistics solutions, and China Communications Construction Company Limited(CCCC), one of the world’s leading infrastructure groups, have signed a Memorandum of Understanding (MOU) aimed at strengthening their cooperation across port infrastructure, logistics and transport services, innovation and the energy transition. The MOU was signed...
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Frontline plc Friday reported unaudited results for the six months ended June 30, 2026: Highlights • Reported the best quarterly profit ever of $659.2 million, or $2.96 per share for the second quarter of 2026 and the best adjusted profit ever of $580.2 million for the second quarter of 2026, or $2.61 per share. •...
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Financial performance • Q2 2026 profit attributable to equity holders of the Company was US$120 million, representing an earnings per share of US$0.79, contributed by a strong shipping performance. Commercial performance • Q2 2026 TCE income – Shipping concluded at US$74,000 per available day and US$71,600 per calendar day, after IFRS 15 and FFA negative...
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The Department for Transport has today published its summary of responses to the Net Zero Ports: Challenges and Opportunities call for evidence, launched alongside the Maritime Decarbonisation Strategy in March 2025. Commenting on the publication, UK Chamber Environment Policy Director, Francesco Sandrelli said: We welcome the Department for Transport’s recognition that ports and shipping are...
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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) hereby announces that it has signed agreements with NIHON SHIPYARD CO., LTD. (NIHON SHIPYARD) regarding the construction of three very large crude carriers (VLCCs, hereinafter the Carriers). The Carriers are next-generation energy-saving, high fuel efficiency vessels. They will be constructed as Malaccamax vessels designed to transport crude very efficiently...
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Indonesia, Malaysia and Singapore have reaffirmed their commitment to keeping the Straits of Malacca and Singapore (SOMS) free, open and safe for international shipping, as concerns over the safety of navigation through the Strait of Hormuz persist. The three littoral states stressed that ensuring safe navigation and protecting the marine environment in the SOMS is...
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Safety and survival specialists ACR Electronics and Ocean Signal are joining forces at SMM 2026 to demonstrate why electronic flares are the future of distress signalling for the maritime industry. On their return to the Hamburg exhibition, ACR and Ocean Signal will showcase the RTCM (Radio Commission for Maritime Services) 13200.0 compliant ACR Electronics ResQFlare...
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Maryam Shipmanagement adopts MSM as its new corporate identity and relocates its Dubai headquarters to new premises in Jumeirah Lakes Towers. The change reflects that already widely used by the company’s employees, clients and partners. MSM gives the business a shorter, more recognisable identity for its growing international operations while bringing all stakeholders, including seafarers,...
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A ship attacked in the Strait of Hormuz this week is a Kuwaiti oil tanker, a British maritime monitor said on Thursday. Al-Salam II was heading east through the waterway on Tuesday evening when it was hit by a projectile above the waterline, the United Kingdom Maritime Trade Operations reported. The attack caused a “small...
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Shell’s newly released LNG Outlook 2026 suggests the global LNG industry is entering another period of sustained expansion, with demand for liquefied natural gas projected to increase by around 65% by 2050. This projected growth brings the practical requirements of the sector’s next phase into focus, forming the basis for discussion at the 13th International...
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Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore” or the “Company”) today announced it has exercised the options for a further two 40,500 dwt Handysize product/chemical tankers to be built at Wuhu Shipyard. This expands the original order to six vessels in total on similar terms, and the Company has no further options outstanding. The deliveries of...
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As dual-fuel newbuilds are increasingly viewed as a hedge against fuel risk, BAR Technologies CEO John Cooper argues the real hedge is burning less fuel, whatever it turns out to be. There has been an interesting shift in the discussion around dual-fuel vessels. They were largely sold as part of shipping’s decarbonisation story. Increasingly, they...
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Bunker demand for low-emission fuels could be more than five times higher by 2050 if International Maritime Organization member states could push ahead with a global regulatory framework to limit greenhouse gas emissions, classification society DNV said Aug. 26. The UN agency has faced delays in adopting the Net-Zero Framework, approved in April 2025 and...