Related StoriesHandysize bulkers sold for scrap while more ships being circulated for recycling (https://www.lloydslist.com/LL1153289/Handysize%20bulkers%20sold%20for%20scrap%20while%20more%20ships%20being%20circulated%20for%20recycling?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)CEVA Logistics acquires Türkiye’s Borusan Tedarik in $440m deal (https://www.lloydslist.com/LL1153290/CEVA%20Logistics%20acquires%20Trkiyes%20Borusan%20Tedarik%20in%20%24440m%20deal?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Capital Group inks $1.2bn of containerships with HD KSOE (https://www.lloydslist.com/LL1153287/Capital%20Group%20inks%2012bn%20of%20containerships%20with%20HD%20KSOE?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Korea Development Bank to Sell Shares in Hanwha Ocean
https://www.marinelink.com/news/korea-development-bank-sell-shares-hanwha-525108
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday…
https://www.marinelink.com/news/korea-development-bank-sell-shares-hanwha-525108
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday…
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap
https://www.marinelink.com/news/greek-shippers-return-russian-oil-market-525109
Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said.The…
https://www.marinelink.com/news/greek-shippers-return-russian-oil-market-525109
Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said.The…
Veson Nautical: US Port Fees May Disrupt Dry Bulk Trade and Vessel Availability
https://www.marinelink.com/news/veson-nautical-us-port-fees-may-disrupt-525111
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. This fee, which could reach up to $3.5 million per port call…
https://www.marinelink.com/news/veson-nautical-us-port-fees-may-disrupt-525111
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. This fee, which could reach up to $3.5 million per port call…
CMA CGM Welcomes its First Indian Flagged Vessel at Nhava Sheva Free Port Terminal
https://www.marinelink.com/news/cma-cgm-welcomes-first-indian-flagged-525113
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports…
https://www.marinelink.com/news/cma-cgm-welcomes-first-indian-flagged-525113
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports…
Artemis Technologies, Noatum Maritime to Purchase Electric Foiling Pilot Boat for UAE Operations
https://www.marinelink.com/news/artemis-technologies-noatum-maritime-525114
Artemis Technologies, a leader in commercial electric foiling vessels, has entered an agreement with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, to purchase an electric Artemis EF-12 Pilot boat to operate in the United…
https://www.marinelink.com/news/artemis-technologies-noatum-maritime-525114
Artemis Technologies, a leader in commercial electric foiling vessels, has entered an agreement with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, to purchase an electric Artemis EF-12 Pilot boat to operate in the United…
South Korean firms seek LNG cargo for June delivery
https://www.hellenicshippingnews.com/south-korean-firms-seek-lng-cargo-for-june-delivery/
South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June. According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.6 trillion British thermal ...
https://www.hellenicshippingnews.com/south-korean-firms-seek-lng-cargo-for-june-delivery/
South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June. According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.6 trillion British thermal ...
Dalian Iron Ore Edges Lower Amid Possibility of Chinese Steel Output Cuts
https://www.hellenicshippingnews.com/dalian-iron-ore-edges-lower-amid-possibility-of-chinese-steel-output-cuts/
Iron ore futures prices fell on Monday, weighed down by the likelihood of China cutting crude steel output, although losses were capped by a continued rise in demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.49% lower at 710.5 yuan ($97.32) a metric ...
https://www.hellenicshippingnews.com/dalian-iron-ore-edges-lower-amid-possibility-of-chinese-steel-output-cuts/
Iron ore futures prices fell on Monday, weighed down by the likelihood of China cutting crude steel output, although losses were capped by a continued rise in demand for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.49% lower at 710.5 yuan ($97.32) a metric ...
West Africa to China – Capesize’s most significant opportunity?
https://www.hellenicshippingnews.com/west-africa-to-china-capesizes-most-significant-opportunity/
Through our dry bulk flow tool, we have identified changing trends in the trade of bulk raw materials from the West Coast of Africa to China. In particular, bauxite flows have surged, driven by China’s growing aluminium production, leading to a greater need for capesize vessels. As raw material sourcing fluctuates, this tool enables valuable ...
https://www.hellenicshippingnews.com/west-africa-to-china-capesizes-most-significant-opportunity/
Through our dry bulk flow tool, we have identified changing trends in the trade of bulk raw materials from the West Coast of Africa to China. In particular, bauxite flows have surged, driven by China’s growing aluminium production, leading to a greater need for capesize vessels. As raw material sourcing fluctuates, this tool enables valuable ...
Potential US port fees may disrupt dry bulk trade and vessel availability
https://www.hellenicshippingnews.com/potential-us-port-fees-may-disrupt-dry-bulk-trade-and-vessel-availability/
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to $3.5 ...
https://www.hellenicshippingnews.com/potential-us-port-fees-may-disrupt-dry-bulk-trade-and-vessel-availability/
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to $3.5 ...
Dry Bulk Shipping: Steel Exports on the Rise
https://www.hellenicshippingnews.com/dry-bulk-shipping-steel-exports-on-the-rise/
Global seaborne steel exports posted a strong rise during 2024, with China having the “lion’s share” of this trade, with over 30% of the overall market. In its latest weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all seaborne ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-steel-exports-on-the-rise/
Global seaborne steel exports posted a strong rise during 2024, with China having the “lion’s share” of this trade, with over 30% of the overall market. In its latest weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all seaborne ...
Baltic index rises to three-week high as larger vessel rates firm
https://www.hellenicshippingnews.com/baltic-index-rises-to-three-week-high-as-larger-vessel-rates-firm/
The Baltic Exchange’s dry bulk sea freight index rose to scale an over-three-week high on Monday due to an increase in larger vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 30 points, to 1,403 points. The capesize index rose 91 points, or 4.8%, to 1,980, its highest ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-three-week-high-as-larger-vessel-rates-firm/
The Baltic Exchange’s dry bulk sea freight index rose to scale an over-three-week high on Monday due to an increase in larger vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 30 points, to 1,403 points. The capesize index rose 91 points, or 4.8%, to 1,980, its highest ...
Commercial Impracticability and Frustration of Shipping Agreements in Uncertain Times
https://www.hellenicshippingnews.com/commercial-impracticability-and-frustration-of-shipping-agreements-in-uncertain-times/
Highlights Long-term and short-term vessel agreements and contracts alike are sometimes impacted by unforeseeable and economically burdensome actions taken by governmental agencies and authorities. The U.S. Trade Representative (USTR) announced a notice of action on fees for operators of Chinese-built ships and vessel owners and operators of China after it issued a proposed notice with ...
https://www.hellenicshippingnews.com/commercial-impracticability-and-frustration-of-shipping-agreements-in-uncertain-times/
Highlights Long-term and short-term vessel agreements and contracts alike are sometimes impacted by unforeseeable and economically burdensome actions taken by governmental agencies and authorities. The U.S. Trade Representative (USTR) announced a notice of action on fees for operators of Chinese-built ships and vessel owners and operators of China after it issued a proposed notice with ...
Iranian Port Explosion Shifts Vessel Traffic to Nearby Ports
https://shipandbunker.com/news/emea/120629-iranian-port-explosion-shifts-vessel-traffic-to-nearby-ports
https://shipandbunker.com/news/emea/120629-iranian-port-explosion-shifts-vessel-traffic-to-nearby-ports
A source tells Ship & Bunker no port operations are currently taking place at Shahid Rajaee Port, and all operations have been transferred to Bahonar Port in Bandar Abbas and Asaluyeh Port.
Offshore Retrofit at Scale: GLO Marine and VMS Advance Tidewater’s Fleet Upgrade Program
https://www.hellenicshippingnews.com/offshore-retrofit-at-scale-glo-marine-and-vms-advance-tidewaters-fleet-upgrade-program/
GLO Marine and VMS Group Denmark are expanding their role in the offshore energy sector through a multi-vessel retrofit program for Tidewater, the world’s largest offshore support vessel operator. The partnership builds on a proven track record of delivering complex upgrades efficiently and at scale. Covering 16 vessels across three continents—including several in U.S. waters—the ...
https://www.hellenicshippingnews.com/offshore-retrofit-at-scale-glo-marine-and-vms-advance-tidewaters-fleet-upgrade-program/
GLO Marine and VMS Group Denmark are expanding their role in the offshore energy sector through a multi-vessel retrofit program for Tidewater, the world’s largest offshore support vessel operator. The partnership builds on a proven track record of delivering complex upgrades efficiently and at scale. Covering 16 vessels across three continents—including several in U.S. waters—the ...
BetterSea and OceanOpt Partner to Deliver Standardized FuelEU Pooling to Global Shipping Clients
https://www.hellenicshippingnews.com/bettersea-and-oceanopt-partner-to-deliver-standardized-fueleu-pooling-to-global-shipping-clients/
BetterSea, provider of a leading FuelEU compliance plaform and marketplace, and OceanOpt, a specialised emissions management service company, today announced a strategic partnership that integrates BetterSea’s FuelEU Pooling Marketplace directly into the OceanOpt emissions management platform. The collaboration will bring seamless access to FuelEU pooling capabilities to all clients of OceanOpt, BSM, and MariApps, significantly ...
https://www.hellenicshippingnews.com/bettersea-and-oceanopt-partner-to-deliver-standardized-fueleu-pooling-to-global-shipping-clients/
BetterSea, provider of a leading FuelEU compliance plaform and marketplace, and OceanOpt, a specialised emissions management service company, today announced a strategic partnership that integrates BetterSea’s FuelEU Pooling Marketplace directly into the OceanOpt emissions management platform. The collaboration will bring seamless access to FuelEU pooling capabilities to all clients of OceanOpt, BSM, and MariApps, significantly ...
Mooreast Holdings Announces Business Update
https://www.hellenicshippingnews.com/mooreast-holdings-announces-business-update/
The Board of Directors of Mooreast Holdings Ltd., and together with its subsidiaries, the “Group”) wishes to provide an update on several recent developments: Completion of Multi-Buoy Mooring Upgrade Project at Gulf of Thailand Further to the Company’s announcement dated 12 November 2024, Mooreast wishes to update that the project to upgrade a multi-buoy mooring ...
https://www.hellenicshippingnews.com/mooreast-holdings-announces-business-update/
The Board of Directors of Mooreast Holdings Ltd., and together with its subsidiaries, the “Group”) wishes to provide an update on several recent developments: Completion of Multi-Buoy Mooring Upgrade Project at Gulf of Thailand Further to the Company’s announcement dated 12 November 2024, Mooreast wishes to update that the project to upgrade a multi-buoy mooring ...
Artificial Intelligence Not Intelligent Enough To Diagnose Engine Problems – Yet!
https://www.hellenicshippingnews.com/artificial-intelligence-not-intelligent-enough-to-diagnose-engine-problems-yet/
Condition Monitoring Technologies (CMT) has cautioned against placing sole reliance on artificial intelligence in ship condition monitoring, warning that human expertise remains essential to ensure safety and accuracy in maritime operations. As the shipping industry rapidly adopts AI-driven systems for machinery testing and diagnostics, CMT acknowledges the growing potential of these technologies to process vast ...
https://www.hellenicshippingnews.com/artificial-intelligence-not-intelligent-enough-to-diagnose-engine-problems-yet/
Condition Monitoring Technologies (CMT) has cautioned against placing sole reliance on artificial intelligence in ship condition monitoring, warning that human expertise remains essential to ensure safety and accuracy in maritime operations. As the shipping industry rapidly adopts AI-driven systems for machinery testing and diagnostics, CMT acknowledges the growing potential of these technologies to process vast ...
Wintermar Offshore Reports 1Q2025 Results
https://www.hellenicshippingnews.com/wintermar-offshore-reports-1q2025-results/
Wintermar recorded a 31.4%YOY increase in Gross Profit to US$6.6 million for 1Q2025, with US$4.1 million Operating Profit (+52.5% YOY), driven by Owned Vessels gross margin expansion. Margin expansion in the Owned Vessel Division continued to boost profitability, despite a slow quarter where Total Revenue fell by 9.2%YOY from US$18.4 million in 1Q2024 to US$16.7 ...
https://www.hellenicshippingnews.com/wintermar-offshore-reports-1q2025-results/
Wintermar recorded a 31.4%YOY increase in Gross Profit to US$6.6 million for 1Q2025, with US$4.1 million Operating Profit (+52.5% YOY), driven by Owned Vessels gross margin expansion. Margin expansion in the Owned Vessel Division continued to boost profitability, despite a slow quarter where Total Revenue fell by 9.2%YOY from US$18.4 million in 1Q2024 to US$16.7 ...
Prospect of Binding Global Rules on Biofouling Management
https://www.hellenicshippingnews.com/prospect-of-binding-global-rules-on-biofouling-management/
IMO approves new recommendations for underwater management of biofouling on ship hulls and takes important steps towards binding international regulations. Biofouling on ship hulls — in the form of small algae, barnacles, and other organisms — can spread invasive species over vast distances and cause problems in marine ecosystems on the other side of the ...
https://www.hellenicshippingnews.com/prospect-of-binding-global-rules-on-biofouling-management/
IMO approves new recommendations for underwater management of biofouling on ship hulls and takes important steps towards binding international regulations. Biofouling on ship hulls — in the form of small algae, barnacles, and other organisms — can spread invasive species over vast distances and cause problems in marine ecosystems on the other side of the ...