The impact of potential U.S. tariffs in a series of countries and regions could have be significant in the shipping markets. In its latest weekly report, shipbroker Xclusiv said that “U.S. President Donald Trump’s decision to impose a 25% tariff on all steel and aluminum imports marks a significant...
https://www.hellenicshippingnews.com/seaborne-trade-and-us-tariffs-a-mixed-bag/
The ship recycling market has kept on facing a challenging landscape. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the global ship recycling market remains weak and sluggish, with low demand and limited transactions across key destinations....
https://www.hellenicshippingnews.com/ship-recycling-market-still-facing-challenging-conditions/
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless the context requires otherwise,...
The market for second hand ships has been expanding so far this year, with more deals being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the dry bulk segment, SENTOSA CHALLENGER 81,600 dwt 2020 Imabari built (SS and DD due Apr 2025) and SENTOSA SPIRIT 81,911 dwt...
https://www.hellenicshippingnews.com/more-activity-in-the-sp-market/
Handysize ships’ prices are trending higher, despite an overall lackluster freight market sentiment. In its latest weekly report, shipbroker Intermodal said that “in recent years, geopolitical uncertainty has been a defining characteristic of the global landscape. The recent election of the U.S....
https://www.hellenicshippingnews.com/dry-bulk-shipping-handysize-ships-heading-lower/
New factors are constantly coming into play on a weekly basis, when it comes to influencing future oil flows and thus the tanker market as a whole. In its latest weekly report, shipbroker Gibson said that “this week Trump announced that he and President Putin had spoken at length, the first...
https://www.hellenicshippingnews.com/tanker-market-new-geopolitical-factors-come-into-play/
The tanker market has been suppressed during the month of January, OPEC said in its latest monthly report. Dirty spot freight rates registered a slow start to the year. VLCCs showed the best performance in January, with the Middle East-to-East route up 38%, m-o-m, amid increasing activities on the...
https://www.hellenicshippingnews.com/tanker-market-suppressed-during-january/
With seasonality playing a big part, dry bulk shipping freight rates have taken a significant hit over the past few months. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk freight market has experienced significant declines in rates across various vessel sizes since November...
Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the fourth quarter and year ended December 31, 2024. Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “I am pleased with the...
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2010-built Post-Panamax...