Hellenic Shipping News.

The shipping industry is having to navigate a “minefield” of trade and geopolitical tensions these days, in an era when protectionist policies are at the forefront. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representative’s newly unveiled port fees are a bold escalation in America’s economic tug-of-war with China — but ... […]

Prices for dry bulk carriers have been on the rise over the past week, as more deals were concluded. In its latest weekly report, shipbroker Xclusiv said that on the dry bulk market “on the Kamsarmax sector, the “Sea Pluto” – 81K/2013 New Times was sold for USD 16.5 mills and the “Seaduty” – 82K/2008 ... […]

Global trade flows are shifting in response to the ongoing trade war. In its latest weekly report, shipbroker Intermodal said that “the recent surge in trade tensions between the U.S. and China, marked by the U.S. imposing tariffs up to 145% on Chinese imports and China retaliating with 125% tariffs, has cast a significant shadow ... […]

The S&P market has slowed down over the past few days, as a result of the uncertainty created from the USTR proposal, with owners reluctant to commit to new deals. In its latest weekly report, shipbroker Xclusiv said that “the USTR proposal seems to have affected S&P activity y-t-d, as weekly data reveals a decrease ... […]

Costamare Inc. announced that its Board of Directors has approved the previously announced spin-off of its dry bulk business into a standalone company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). The Company expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. shareholders, on May 6, 2025. Additional information regarding Costamare ... […]

Things remain at a standstill regarding ship demolition activity. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the ship recycling market remained largely unchanged this week, with activity levels steady across key destinations and no major shifts in sentiment. In India, the market held firm, though local ... […]

Thessaloniki Port Authority S.A., the operator of the Port of Thessaloniki and a leading multi-gateway intermodal network and logistics solutions provider for the Balkans and the broader Southeast, Central and Eastern European region, announced the financial results for the fiscal year 2024, with the approval of the Annual Financial Report by the Board of Directors ... […]

PPA S.A. has completed a series of infrastructure upgrades at Greece’s largest port ahead of the expected Easter holiday surge, aiming to improve safety, comfort and traffic flow during one of the year’s busiest travel periods. Refurbishments at the central passenger port include renovated terminal buildings, expanded shaded waiting areas, additional seating and greenery, and ... […]

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate ... […]

Fewer tankers exchanged hands during the first quarter of 2025. In its latest weekly report, shipbroker Xclusiv said that “the tanker sales market experienced a noticeable decline in overall activity during Q1 2025, with total transactions reducing to 97 vessels compared to 126 vessels sold in Q1 2024. This decline may indicate broader market caution ... […]