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Latest developments in hardware manufacturing, trade policies, and market trends.
Diana Shipping Inc. Files Definitive Proxy Statement And Sends Letter To Genco Shipping & Trading Shareholders
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.7% of the outstanding shares of common stock of Genco Shipping & Trading Limited (NYSE: GNK) (“Genco”), today announced that it has filed a definiti
Hellenic Shipping News - Metals & Commodities
Carriers repositioning equipment back to China, depots in Europe remain congested; Sogese Report
The global container market is entering a new phase of rebalancing, with equipment flows beginning to reverse direction as carriers accelerate repositioning back to Asia. This shift is expected to reduce container availability across Europe in the near term, particularly as demand and pricing signal
Hellenic Shipping News - Metals & Commodities
Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes
The U.S.-Iran war had created a “new wake-up call” for global trade, Maersk CEO Vincent Clerc told CNBC on Thursday, warning that the impact could worsen in the coming months. Speaking to CNBC’s “Squawk Box Europe” after Maersk posted its first-quarter earnings, Clerc said the group is facing intens
Hellenic Shipping News - Metals & Commodities
Minerva starts physical supply operation in Mauritania
Minerva Bunkering has launched a physical bunkering service in Mauritania after being awarded a supply license by the country’s National Hydrocarbons Commission. The supplier will initially supply marine fuels to commercial vessels and regional offshore oil and gas installations from the ports of No
Hellenic Shipping News - Metals & Commodities
ABS Acquires RMC Global to Strengthen Cyber, Risk and Resilience Capabilities
ABS, through its affiliate ABSG Consulting Inc. (ABS Consulting), has today announced the acquisition of RMC Global (RMC), a leading provider of industrial cybersecurity, risk management and resiliency solutions. The acquisition strengthens ABS Consulting’s capabilities and market position, bringing
Hellenic Shipping News - Metals & Commodities
Wallenius Wilhelmsen delivers stable Q1 performance in uncertain markets
Wallenius Wilhelmsen reported adjusted EBITDA of USD 389 million in the first quarter of 2026, slightly below the previous quarter. “Shipping demand remains very strong with solid volumes and high utilization, especially ex-Asia. At the same time, the conflict in the Middle East and an increasingly
Hellenic Shipping News - Metals & Commodities
Workshops promote maritime decarbonization in South-East Asia
The International Maritime Organization (IMO), in partnership with national authorities and with the World Maritime University (WMU), has delivered two national workshops under the SMART-C GHG Project, advancing efforts to accelerate maritime decarbonization in South-East Asia. Shaping Viet Nam’s Na
Hellenic Shipping News - Metals & Commodities
Airline disruption Linked to Middle East Conflict is Reshaping Crew Change Travel Management
The ongoing Middle East conflict has triggered airspace instability and weakened airline networks, making crew changes longer, less flexible, riskier, and more costly, according to new analysis by the world’s largest travel management specialist for the maritime industry. ATPI Marine Travel’s data h
Hellenic Shipping News - Metals & Commodities
Help shape the future of agentic maritime contracts
For decades, the industry has relied on carefully drafted standard contracts, agreed in principle and then managed separately through manual processes and downstream systems. While the words on the page remain critical, the way contractual obligations are executed, monitored and acted upon is changi
Hellenic Shipping News - Metals & Commodities
Top Three Shipbuilders’ Combined Profit Surpasses 2 Trillion Won
HD Korea Shipbuilding & Offshore Engineering, the mid-tier holding company of HD Hyundai’s shipbuilding division, recorded an operating profit of 1.356 trillion Korean won in the first quarter of this year, achieving its highest-ever quarterly performance. Earlier, Hanwha Ocean and Samsung Heavy
Hellenic Shipping News - Metals & Commodities
India eyes expanded shipbuilding ties with Japan amid rising energy demand
India is eyeing deeper collaboration with Japanese companies in the shipbuilding sector, as New Delhi looks to invest billions of dollars to expand its fleet amid rising demand for energy transport in a rapidly evolving global energy landscape, Petroleum Minister Hardeep Singh Puri said. In addition
Hellenic Shipping News - Metals & Commodities
Korea’s ports face growing pressure to decarbonize; a new report says unused renewables could be the answer
Launched during Korea’s “Go to Sea Month” a new study, “Renewable energy-based port electrification in Republic of Korea,” (Korean version) highlights the opportunity for the Republic of Korea’s ports to be reimagined as renewable energy hubs by using unused renewable energy for port and ocean shipp
Hellenic Shipping News - Metals & Commodities