Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
-
The Management Board of Hapag-Lloyd Aktiengesellschaft confirms negotiations regarding an acquisition of Zim Integrated Shipping Services Ltd. The Management Board of Hapag-Lloyd Aktiengesellschaft (“Company”) is in advanced negotiations regarding a potential acquisition of all shares in its Israeli competitor Zim Integrated Shipping Services Ltd. (“ZIM”). To date no binding agreements have been entered into. The...
-
LNG The LNG spot market strengthened this week, driven by a sharp rebound in the Atlantic while the Pacific remained comparatively stable. Improved cargo flow in the West and a tightening tonnage list shifted momentum. On the BLNG1 Australia–Japan route, 174k cbm vessels eased marginally by $200 to $28,200/day. The East remained relatively steady, supported...
-
As a meeting of the International Maritime Organization’s (IMO) Pollution Prevention and Response committee closes today (PPR 13, February 9-13), the Clean Arctic Alliance welcomed progress and support for an Arctic fuel measure, which would reduce black carbon emissions from international shipping in the Arctic, but expressed disappointment that an expedited process was deemed impossible...
-
Updated weekly, Drewry’s Intra-Asia Container Index (IACI) decreased 3% in the second week of February, to $557 per 40ft container. Intra-Asia Container Index assessment for 13 Feb 2026 Drewry’s Intra-Asia Container Index (IACI) fell 3% in the second week of February to $557 per 40ft container. At $110 below last year’s level, the current rates...
-
Clean LR2 Freight levels on MEG LR2’s took a tumble again this week. The TC1 75kt MEG/Japan rate dropped from WS189 to WS168, moving the corresponding TCE down to $37,300/day on Baltic description round trip. A voyage west on TC20 90kt MEG/UK-Continent also continued down this week by $225,000 to $4.05 million. The TC15 80kt...
-
Ammonia propulsion is moving from concept to commercial reality as several engine developers bring dual‑fuel designs to market. Everllence’s new ME‑LGIA engine integrates advanced safety barriers, digital connectivity, and fuel flexibility, marking a significant step towards practical zero‑carbon deep‑sea shipping. As the maritime industry accelerates towards decarbonization, the transition to low greenhouse gas fuels is...
-
Rates for shipping containers from east Asia and China to the US edged lower this week on low volume even as carriers increased the number of blank sailings. Supply chain advisors Drewry said spot rates from Shanghai to major US destinations declined slightly due to low cargo volume, as shown in the following chart. Drewry...
-
Latest Xeneta ocean container shipping data highlights are provided below quotes from Xeneta Chief Analyst Peter Sand. Xeneta analyst insight Peter Sand, Xeneta Chief Analyst: “Offered capacity on the Transpacific trade from Far East to US West Coast increased 6.9% in the last week against a backdrop of subdued demand, yet average spot rates remained...
-
On 26 January, staff in an office in Mumbai received an urgent e-mail from a crew member aboard a tanker off the coast of Singapore. The email, purportedly written on behalf of five colleagues aboard the tanker sailing under the name Beeta, contained a litany of complaints: crew members, it was alleged, had not been...
-
Not a day goes by without hearing about cyberattacks wreaking havoc for organisations and consumers across the world. The shipping and marine sectors are no exception either. However, the complexity of the attacks here is becoming more sophisticated, and the cost of dealing with them is spiking too. Research from the law firm HFW –...
-
The International Maritime Organisation’s (IMO) Net Zero Framework (NZF) adjournment increases the relative importance of the European Union (EU) regulations, including FuelEU maritime and EU Emissions Trading Scheme (ETS). In addition to their own decarbonisation targets shipowners with liquefied natural gas (LNG) engines are financially encouraged to switch to Bio-LNG under EU regulations. The FuelEU...
-
A Glasgow-based shipping company has relied on the assistance of sanctioned Russian icebreakers to transport over 700,000 tonnes of gas from the Arctic to Europe in the last month alone, an Unearthed investigation has found. Seapeak operates six ‘ice-class’ tankers, capable of transporting huge cargoes of liquefied natural gas (LNG) through frozen waters. These vessels,...
-
A 7,200-ton cargo vessel named “Sahel-e Khazar” was handed over to the Islamic Republic of Iran Shipping Lines (IRISL)’s fleet in an official ceremony held in the Lotus Special Economic Zone in Russia’s Astrakhan region. The cargo ship “Sahel-e Khazar,” with a carrying capacity of 7,200 tons, was built by the Lotus Shipbuilding Company and...
-
Despite a rather rocky geopolitical kick-off, 2026 continues to build momentum toward Absolute Zero emissions globally. The year started strong with the entry into force of the UN Biodiversity Beyond National Jurisdiction (BBNJ) Agreement. An external force will pressure shipping to respect the health of our ocean, supporting the uptake of Absolute Zero emissions technologies...
-
Leading maritime and human rights organisations have issued a strong warning to Indian seafarers about the growing threat of recruitment fraud during the ITF Milaap 2026 Seafarers’ Expo in Mumbai. The ITF Seafarers’ Trust (ITFST), the International Seafarers’ Welfare and Assistance Network (ISWAN), the Maritime Anti-Corruption Network (MACN) and the Institute for Human Rights and...
-
In recent weeks, many of the Major liner owners have announced drops in their earnings, this could well be signalling that the current tonnage oversupply situation, combined with a potential gradual Red Sea return, may lead to softer container rates this year. Since Covid, rates have seen highs and moderate levels that were never achievable...
-
The United States military said on Friday that it had struck another vessel suspected of trafficking drugs in the Caribbean, killing three people. The US Southern Command (SOUTHCOM) posted an 11-second clip on social media platform X that showed a boat wading through waters before being hit by what the military called “a lethal kinetic...
-
Opportunity Green, Environmental Defense Fund, One Planet Port, Pacific Environment, Clean Shipping Coalition, Seas at Risk, and ZESTAs call for a precautionary approach to managing toxic ammonia effluent from ammonia-fueled ships 13 February 2026 (London, UK) – A group of environmental and technology NGOs is urging the International Maritime Organization (IMO) to reject emerging proposals...
-
Recent freight market behavior suggests a pause in the rally rather than a structural reversal. Freight levels remain supported by constrained tonnage supply, particularly in core export regions, though near-term direction will depend on fresh cargo flow and overall market activity. Arabian Gulf and West African dirty freight markets are currently characterized more by holding...
-
Ship finance is undergoing a structural transformation that extends far beyond the typical market cycle, according to legal experts. In a Holland & Knight Insights article, authors Sophia Agathis, a partner at the firm, and Nicholas Kaasik, senior counsel, note that as 2026 unfolds, the ship finance industry is expected to reach a crossroad where...