Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
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LNG bunker fuel prices in Singapore held a premium to Rotterdam on March 31, underscoring a sharp reversal from the discount structure seen earlier this year, as geopolitical tensions and regional supply-demand shifts reshape market dynamics. Platts, part of S&P Global Energy, assessed the price of LNG bunker fuel in Rotterdam at $19.20/MMBtu on March...
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Escalating Houthi attacks against Israeli targets signal potential maritime sabotage ahead, threatening to reshape global tanker trade flows and introduce significant inefficiencies into an already strained supply chain. We analyse how redirecting crude exports via the Cape of Good Hope could nearly triple tonne-miles out of Yanbu, favor specific tanker benchmarks, and shift clean product...
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Xeneta analyst insight Peter Sand, Xeneta Chief Analyst: “Five weeks into the Strait of Hormuz closure and spot rates on every major East-West trade lane have risen sharply, showing this is a conflict with global repercussions for ocean supply chains. “From Far East to North Europe and Mediterranean – trades with direct exposure to the...
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In 2008, shipping entered unparalleled territory as soaring Chinese demand drove a newbuild demand spike. VLCC valuations skyrocketed to levels never seen before. Yet amid all the volatility, there was no reliable, unbiased data to guide decision-making. The market was flooded with speculation, theoretical projections, and optimistic estimates, but little ground truth. In that environment,...
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The global bunker market continues to exhibit pronounced volatility amid the escalating conflict in the Middle East, which is disrupting global supply chains and contributing to widespread bunker fuel shortages across all major hubs. Over the past week, bunker indices have maintained an upward trajectory, with signs of stabilization near recently reached highs. The 380...
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The consequences of the Iran conflict and Gulf escalation are not an isolated geopolitical shock. They are yet another stress test that the European Union risks failing. Once again, Europe’s transport system is structurally unprepared. Transport workers are – again – at risk of bearing the consequences of the constantly deteriorating terms and conditions across...
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Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is a low probability that American consumers will be immediately impacted by the ongoing Middle East conflict, according to Gene Seroka, Executive Director of the Port of Los Angeles. Seroka notes that the ports of Los...
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London International Shipping Week is delighted to announce that LISW27 will be “Brought to You By” Inmarsat Maritime, reinforcing the company’s role as a leading technology partner to the global maritime industry and a long-standing champion of innovation in the UK. Inmarsat Maritime, a Viasat company, is a global leader in mobile satellite communications. Founded...
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Scorpio Tankers Inc. announced that it has entered into a strategic collaboration with AMPERA, Inc. (“AMPERA”) to jointly develop and commercialize advanced micronuclear power solutions for marine, shipping and related maritime applications. This strategic collaboration agreement aims to address growing global demand for reliable, zero-carbon power solutions in maritime, offshore and port infrastructure markets. Scorpio...
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Drewry’s World Container Index was unchanged at $2,287 per 40ft container this week. The Drewry World Container Index (WCI) remained stable at $2,287 per 40ft container, with rates holding steady on the Asia–Europe and Transpacific trade routes. Rates on Asia–Europe trades have remained relatively stable despite ongoing tensions in the Middle East. Spot rates on...
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Mark O’Neil, CEO of Columbia Group, has questioned whether the shipping industry is heading for a wider crewing shortage as conflict in the Middle East, fuel disruption in the Philippines and rising repatriation costs place growing strain on global crewing. In Mr O’Neil’s view, the industry risks focusing too heavily on freight, routing and insurance,...
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Wärtsilä Water & Waste, part of technology group Wärtsilä, has appointed IKAD Engineering as its authorised distributor and dedicated local partner in Australia to supply spare parts, products and technical support for the company’s product range across the region. The agreement positions IKAD Engineering as the primary in-country channel for Wärtsilä Water & Waste equipment...
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A ceasefire, as well as peace and stability, in the Gulf region are the fundamental prerequisites for keeping the international shipping route safe and unimpeded, a spokeswoman for China’s Foreign Ministry has said. Mao Ning made the remarks after United States President Donald Trump called on countries affected by rising fuel prices caused by the...
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As the global maritime industry accelerates its push towards decarbonisation, inland waterways are emerging as one of the highest-impact arenas for change. In a move that brings together international shipping expertise and local energy infrastructure capability, Wah Kwong NatPower Holdings Limited (‘Wah Kwong NatPower’) and Huzhou Wuxing Ruituo Energy Co., Ltd. (‘Wuxing Ruituo’) have signed...
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World Fuel Services, in collaboration with West Coast Clean Fuels, has established a proven methanol bunkering capability available to vessel owners and operators across U.S. ports. The companies successfully completed an over-the-water methanol bunker fuel delivery in South Florida, demonstrating a safe, scalable, and regulatory-compliant solution ready for deployment nationwide. Shipowners and operators evaluating methanol...
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Maritime health and wellness platform OneCare Group is urging shipping companies to take proactive steps to support crew members during key moments in the year when feelings of loneliness may intensify. As families are busy preparing celebrations over the Easter period it can be a stark reminder to seafarers what they are missing out on....
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Zelim today announced that it is has established a site in Atlantic Canada, marking its commitment to strategic expansion in the North American maritime market. The site will be located at the COVE ocean facility in Dartmouth, Nova Scotia, a major technology hub for maritime innovation. From April 2026, the office premises will serve as...
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Export prices for US Gulf Coast distillates are on the rise, supported by robust arbitrage incentives and surging export volumes. The ULSD USGC waterborne spread to the benchmark Gulf Coast pipe surged by 5.75 cents/gal to 14.25 cents/gal, the highest level since Platts, part of S&P Global Energy, began publishing the assessment in January 2010....
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The CMA CGM Group, a global player in sea, land, air and logistics solutions, welcomes the maiden call of Ocean Rise Express (OCR), a new weekly service connecting Japan directly to North Europe, at the Port of Kobe today. This latest move reinforces the Group’s ongoing commitment to strengthening Japan’s supply chain resilience and expanding...
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Operational Overview 36% of transits seen March 31 were on US-sanctioned vessels, while 27% were Greece-owned bulk carriers shipping agricultural commodities to or from the Islamic Republic. This highlights how the selective blockade of the Strait of Hormuz is benefiting Iran. Strait of Hormuz Transit and Selective Denial Transit through the Strait of Hormuz remained...