The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its latest weekly report, shipbroker Gibson said that “with all the turmoil in the global financial markets, oil prices have come under pressure not seen since the pandemic....
https://www.hellenicshippingnews.com/oil-demand-headwinds-could-take-a-toll-on-tankers/
US LNG exports rose strongly during the first quarter of 2025. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to diversify away from Russian pipeline gas. The...
The shipping industry isn’t immune to the ongoing trade war between the US and China. In its latest weekly report, shipbroker Xclusiv said that “the latest escalation in U.S.-China trade tensions marks a new phase of economic confrontation, with profound implications for global markets and the...
https://www.hellenicshippingnews.com/shipping-to-face-the-aftermath-of-a-us-china-trade-war/
Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays....
https://www.hellenicshippingnews.com/ship-recycling-market-remains-quiet/
China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, shipbroker Banchero Costa said that “with rising...
https://www.hellenicshippingnews.com/newbuilding-orders-shifting-from-china-to-s-korea/
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 1,800 teu feeder containership, M/V Monica for a minimum period of 24 to a maximum period of 26 months, at the...
The NAVIGATOR ASSEMBLY, titled #TimelessSeas #NewPaths, the prelude to the 24th NAVIGATOR 2025 – The Shipping Decision Makers Forum, took place on Thursday, the 20th of March 2025, at the Grand Hyatt Athens. The event brought together over 300 executives from the maritime industry, representing 165...
https://www.hellenicshippingnews.com/navigator-assembly-timeless-seas-new-paths/
Ship owners have taken a step back from placing more newbuilding orders, attempting to assess the current market conditions, ahead of expected turbulence. In its latest weekly report, shipbroker Intermodal said that “as the first quarter of the year concludes, it is insightful to examine the...
https://www.hellenicshippingnews.com/shipping-fleet-renewal-takes-a-back-seat-for-the-time-being/
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a forward sale and exclusivity agreement with an unaffiliated third party (the “Buyer”). This agreement grants...
In the aftermath of Liberation Day, tanker market participants are still trying to evaluate the potential impact. In its latest weekly report, shipbroker Gibson said that “on Wednesday the 2nd of April, the much-anticipated Liberation Day came to pass. US President Donald Trump made true his...
https://www.hellenicshippingnews.com/tankers-can-oil-escape-a-global-trade-war-1o/