Hellenic Shipping News.

LNG is now considered the prime alternative to conventional marine fuels, at least until a broader consensus on the new marine technologies is formed. In its latest weekly report, shipbroker Intermodal said that “as the shipping industry accelerates its transition towards greener practices, in line with the respective maritime regulations, LNG has emerged as a ... […]

Piraeus Port Authority S.A. (PPA) reported financial results for the fiscal year 2024, posting record-high net profit and dividend distribution, along with strong performance across its core business segments. Total revenue reached €230.9 million, up 5.0% or €11.1 million compared to 2023. Pre-tax profits rose to €112,9 million, an increase of 17.4%, while profits after ... […]

In an exciting collaboration, HMC/ICS Greek Branch and ALBA proudly present a one-of-a-kind introductory summer course on shipping in Greece. This course promises an immersive experience, nestled in a country with an enduring maritime tradition and boasting the world’s largest merchant fleet. Greece, home to over 700 predominantly Greek and international shipping companies, will serve ... […]

The tanker market is undoubtedly going to be impacted by the rising popularity of EVs. However, the pace of adoption is turning out to be slower than initially thought. In its latest weekly report, shipbroker Gibson said that “global oil demand growth slowed markedly in 2024, rising by just 0.8% year-on-year – less than half ... […]

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that on Tuesday, April 1st, 2025 in celebration of its 20th anniversary as a NYSE listed Company, Ms. Semiramis Paliou, CEO, and the executive team will ring the Closing Bell. Ms. Paliou stated: “It is ... […]

Turning to the Human Side of Shipping, Mrs Elisabeth Calbari, Neuropsychologist, Executive Leadership Consultant, and Founder of Self Balance, engaged in a thought-provoking discussion with Mr Costas Th. Kontes, Chief Commercial Officer at Navilands Management Holdings S.A., and Mrs Maria A. Korkontzelou, Crew Manager at Seanergy Maritime Holdings Corp., on “The Development of Safety Culture: ... […]

The shipping industry could be set for a turbulent period ahead, with higher opex being the main takeaway. In its latest weekly report, shipbroker Xclusiv said that “recent geopolitical developments involving the United States, Iran, Yemen, and China continue to create significant implications for the global shipping industry, influencing freight costs, risk premiums, and trade ... […]

Shipowners have increased their investments in the secondhand dry bulk market. In its latest weekly report, shipbroker Banchero Costa commented that “in the dry segment, the cape BULK PROVIDENCE 180,000 dwt 2010 STX Shipbuilding built (SS due 2026 BWTS fitted) was sold at $28 mln to Chinese owners. Undisclosed buyers were behind the enbloc purchase ... […]

TEN, Ltd (TEN) reported results (unaudited) for the twelve months and fourth quarter ended December 31, 2024. TWELVE MONTHS 2024 SUMMARY RESULTS TEN generated $804.1 million in gross revenues and operating income of $278.6 million in 2024, the latter after $48.7 million in capital gains from vessel sales. The resulting net income for 2024 settled ... […]

The ship recycling market is looking for a catalyst, which will move it forward. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across India, Bangladesh, Pakistan, and Türkiye continue to see limited movement and cautious sentiment. In India, buying interest has slightly improved ... […]