Hellenic Shipping News.

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 ... […]

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 ... […]

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 ... […]

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, ... […]

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 ... […]

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 ... […]

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 ... […]

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 ... […]

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 ... […]

The crude tanker markets are expected to remain supported from the long term oil market fundamentals. In its latest weekly report, shipbroker Gibson said that “earlier this month, the International Energy Agency (IEA) released their annual report detailing a medium-term outlook for oil markets. Oil 2025 has reiterated last year’s assertion that global oil demand ... […]