Hellenic Shipping News

Libya’s oil production is once again affected by local turmoil. In its latest weekly report, shipbroker Intermodal said that “Libya’s oil production, crucial to both its economy and global energy markets, was severely disrupted last week. The country’s production has fallen by around 70% due to a...

https://www.hellenicshippingnews.com/tanker-market-will-unrest-in-libya-have-a-larger-impact-on-rates/

The crude tanker market is expected to benefit from an expected increase in crude oil supply in the coming years. In its latest weekly report, shipbroker Gibson said that “South America has been a major source of oil supply for decades. Traditional producers Colombia, Venezuela and Ecuador have all...

https://www.hellenicshippingnews.com/tankers-expected-to-benefit-from-increased-south-american-oil-supply/

The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to increase last year, helped also by...

https://www.hellenicshippingnews.com/lng-shipping-eus-seaborne-import-dominance-continues-into-2024/

China is leading the necessary expansion in shipbuilding capacity, in order to cover the influx of new demand. In its latest weekly report, shipbroker Xclusiv said that “the Chinese shipbuilding industry is experiencing a significant expansion, driven by strong newbuilding demand and the need to...

https://www.hellenicshippingnews.com/chinese-shipbuilding-industry-in-rapid-expansion/

The ship recycling markets have remained in limbo over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across the major destinations continued to face a challenging environment. In India, the market...

https://www.hellenicshippingnews.com/ship-recycling-market-still-in-limbo/

Container ships have been the “darlings” of the newbuilding market. In its latest weekly report, shipbroker Banchero Costa said that “the newbuilding market is still dominated by containerships orders. There is a massive action taken by the main players in the container field to book slots and...

https://www.hellenicshippingnews.com/container-ships-dominating-newbuilding-orders/

Greek shipping took a breather in 2022 but resumed its growth even though at a modest pace. In 2023 there was a growth in the Greek fleet by 85 vessels and 2% in DWT terms. Although China continued to demonstrate robust yoy growth, the Greek shipping fleet at 393m DWT still held a comfortable lead...

https://www.hellenicshippingnews.com/greek-shipping-fleet-the-years-ahead/

A clear trend has emerged in the S&P market so far in 2024. Greek owners have been aggressively selling their older ships, capitalizing on increased buying demand and adding cash in order to invest in their fleet’s modernization and future compliance with environmental regulations. In its latest...

https://www.hellenicshippingnews.com/greek-ship-owners-dispose-of-their-older-ships/