Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the sixth straight session on Monday, falling about 1.4% to its lowest since April 15 at 2,490 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 2.8% to 3,538...
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Following the announcement of a ceasefire on 24 June, the operational environment shifted from a complete closure towards a tightly managed but highly contested transit regime. On 24 June, temporary routing arrangements coordinated by Oman and the International Maritime Organization (IMO) enabled the gradual resumption of commercial shipping while sections of the conventional Traffic Separation...
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Fuel-related charges more than doubled following the escalation of the Iran conflict, as carriers introduced emergency bunker surcharges while standard BAF mechanisms gradually adjusted to higher bunker prices. This created a challenging environment for shippers, who faced not only rising transportation costs but also the risk of paying twice for fuel price increase. According to...
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The Strait of Hormuz is technically open, but it is not functioning as commercial infrastructure. Two kinetic incidents in 72 hours, an IMO evacuation corridor suspended without a resumption date, and total daily transits averaging approximately 13, roughly 90% below pre-war levels, collectively describe a corridor that is open in name but operating well below...
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The European Commission’s commitment to prevent shipping companies from being charged twice for the same emissions is a welcome step, but the maritime sector now needs clear guidance on how this will work in practice, according to integrated emissions management service, EmissionLink. The principle of avoiding double charging is clear, but the practical reality is...
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SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million. The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during the construction period...
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ABS announced the award of the SMART (MHM) notation to a GasLog liquefied natural gas carrier, marking the commercial vessel as the first in the world to receive the notation in combination with the ABS Preventative Maintenance Program (PMP). The SMART (MHM) notation, governed by the ABS Guide for Smart Functions for Marine Vessels and...
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Rotterdam Rotterdam’s LNG bunker price has fallen by $27/mt over the past week to $853/mt, driven largely by a 7% decline in LNG bunker premiums, which dropped from around $134/mt, to $125/mt. The front-month Dutch TTF Natural Gas contract, Europe’s benchmark gas price, also eased by 2%, adding further downward pressure to LNG bunker prices....
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In recent years, efforts to clean up shipping in the Arctic have made meaningful progress. The International Maritime Organization’s (IMO) Emission Control Areas (ECAs) and the Arctic heavy fuel oil (HFO) ban are both important steps. However, neither was designed to tackle one of the most urgent threats to the region: black carbon. Black carbon...
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Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement regarding Diana Shipping Inc.’s (“Diana”) extension of its inadequate tender offer to acquire all outstanding common shares of Genco not already owned by Diana for $24.80 per share in cash: Diana’s press...
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Idwal, the global vessel inspection and condition intelligence company, has entered into a strategic agreement with Mitsui O.S.K. Lines (MOL) to provide inspection support across multiple areas of the business, including sale and purchase (S&P) activities, owners’ inspections and selected group companies. As part of the partnership, MOL will utilise Idwal’s global surveyor network and...
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ClassNK and National Maritime Research Institute (NMRI), National Institute of Maritime, Port and Aviation Technology, have launched a joint research project on corrosion rate evaluation of liquefied CO₂ (LCO₂) cargo tanks under low-temperature and low-pressure conditions. This research aims to establish a technical foundation for appropriately assessing corrosion risks in the transportation of liquefied CO₂....
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A few years ago, many of the challenges involved in international logistics happened behind the scenes. Unless you worked directly in shipping, freight or supply chain, delays, rerouting, port disruption and customs requirements were unlikely to be part of everyday business conversation. That has changed. Supply chain disruption, geopolitical uncertainty, rising freight costs and changing...
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Asyad Group, Oman’s global integrated logistics provider, and CMA CGM Group, a global player in sea, land, air and logistics solutions, headquartered in France, have signed a Framework Agreement to develop, manage, and operate a multipurpose logistics terminal in Sohar. The agreement was signed during the official visit of His Majesty Sultan Haitham bin Tarik...
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The Digital Container Shipping Association (DCSA) announces that BuyCo, a digital container shipping platform for beneficial cargo owners (BCOs), has joined its DCSA+ partnership programme to help advance interoperable digital standards and accelerate digital collaboration across container shipping. BuyCo is a technology provider that enables shippers and BCOs to manage end-to-end container shipping operations through...
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HMM has proved its sustainable management capabilities by achieving the highest level of ratings from major global ESG evaluation institutions, including ‘EcoVadis’ and ‘Sustainalytics’. HMM acquired the ‘Platinum’ medal, the highest rating awarded only to the top 1% of companies, for the third consecutive year in the 2026 evaluation by ‘EcoVadis’, a global ESG evaluation...
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Maritime leaders from across the Red Ensign Group (REG) will convene in Bermuda this week for the 2026 Red Ensign Group Conference, a four-day programme focused on the future of ship registries and how quality flags can survive in an era of upheaval in the maritime sector. Hosted at the Hamilton Princess Hotel from 29...
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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) held an in-house digital transformation (DX) technology presentation at its head office on May 25 to introduce its latest DX initiatives internally. This presentation was held with the aim of enhancing understanding and awareness of DX promotion. More than 200 officers and employees attended the event, including 17 members...
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Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 15:00 to 15:30 (Beijing Time) on July 27th, 2026. 1. Bidding Object: MV “ORIENTAL PHOENIX”, Bulk Carrier; IMO: 9150298; Flag: Liberia; Class: BV; LOA: 187.63m; MLB: 30.8m; MLD: 15.45m; DWT: 42584t at Draft 10.97m;Light weight:8400t; GRT: 24533;...
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CMB.TECH NV has sold two Suezmaxes, generating a capital gain of approximately 100.5 million USD. Euronav CMB.TECH has sold two Suezmaxes:Brest (2023, 156,851 DWT) and Brugge (2023, 156,851 DWT). This sale will generate a capital gain of approximately 100.5 million USD in Q3 2026, based on the net sale price and book values. The vessels...