Risk and opportunity exist within shipping’s choppy waters
https://splash247.com/risk-and-opportunity-exist-within-shippings-choppy-waters/

Tobias Backer, executive director of Pelagic Capital, writes for Splash today on shipping’s cash requirements in uncertain times.  The maritime industry is no stranger to volatility and uncertainty. However, shipping is currently experiencing a prolonged period of unrest from a myriad of geopolitical challenges that are having a significant impact on maritime markets. Ongoing conflict …

Costamare readies bulker spin-off listing in New York
https://splash247.com/costamare-readies-bulker-spin-off-listing-in-new-york/

Greek shipowner Costamare has set May 7 as the day for the launch of its dry bulk business spin-off on the New York Stock Exchange. Each Costamare shareholder will receive one common share of Costamare Bulkers for every five Costamare common shares they hold as of the close of business on April 29. Costamare Bulkers …

MOL New Vessel to Bunker LNG at Kansai for Australia Voyage
https://shipandbunker.com/news/apac/335971-mol-new-vessel-to-bunker-lng-at-kansai-for-australia-voyage

The newly delivered bulker will bunker LNG at Osaka Gas' Senboku Terminal in Kansai, Japan.

Indonesia Teams Up with HDF Energy to Explore Green Hydrogen for Shipping
https://shipandbunker.com/news/apac/657251-indonesia-teams-up-with-hdf-energy-to-explore-green-hydrogen-for-shipping

Indonesia is partnering with HDF Energy to explore solar-powered green hydrogen as a pathway to decarbonise its shipping sector.

COSCO Criticises US Port Fees for Distorting Fair Competition
https://shipandbunker.com/news/apac/969253-cosco-criticises-us-port-fees-for-distorting-fair-competition

Chinese shipping firm COSCO says US port fees on Chinese vessels threaten the normal functioning of global shipping.

BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
https://shipandbunker.com/news/world/863205-bunker-prices-g20-vlsfo-index-jumps-to-two-week-high

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $529.50/mt on Friday, reaching its highest level since April 7.

WSC Urges Constructive Alternatives to USTR's Port Fee Plan
https://shipandbunker.com/news/world/339984-wsc-urges-constructive-alternatives-to-ustrs-port-fee-plan

World Shipping Council (WSC) says port fees on Chinese vessels could undermine US trade interests.

Wan Hai website targeted by hackers
https://splash247.com/wan-hai-website-targeted-by-hackers/

Taiwan’s Wan Hai Lines saw its website taken offline on Friday, becoming the latest liner targeted by hackers. The world’s 11th largest containerline confirmed the cyberattack in a stock exchange filing but said the incident had no significant impact on operations. The company added that no breach of internal or employee information had occurred. “Our …

Tar balls wash up on Canadian shoreline near grounded MSC boxship
https://splash247.com/tar-balls-wash-up-on-canadian-shoreline-near-grounded-msc-boxship/

Tar balls have emerged on beaches near to where the MSC Baltic III remains grounded on Canada’s eastern seaboard, with the boxship remaining firmly lodged in place more than two months after it ran into difficulties.  The Canadian Coast Guard has said there is still no sign of any persistent pollution coming from the wrecked …

Russian line founded with focus on West Africa
https://splash247.com/russian-line-founded-with-focus-on-west-africa/

The former chairman of FESCO has formed a shipping line to provide links between West Africa and Russia. Andrei Severilov, who founded JSC A7 Holding last year, has just debuted A7 African Cargo Lines with a first link set to be established between Novorossiysk and Nigeria’s port of Lagos using two chartered-in 700 teu boxships. …

Beijing vents fury at US port fees
https://splash247.com/beijing-vents-fury-at-us-port-fees/

Shipping spent the weekend digesting the news from the US where watered down plans to charge China-linked ships extra for American port calls have created considerable outrage in Beijing and Hong Kong, while causing consternation for members of the Ocean Alliance, one of the big groupings in container shipping.  The 42-page document released by the …

Scale of blank sailings dwarfs covid era as US-China trade dries up
https://splash247.com/scale-of-blank-sailings-dwarfs-covid-era-as-us-china-trade-dries-up/

With trade between the world’s two largest economies effectively coming to a halt thanks to US president Donald Trump’s tariff war with China, containerlines are blanking sailings on a greater scale than was witnessed at the onset of the covid pandemic five years ago. The global trade outlook – as witnessed by planned blank sailings …

Houthi Capabilities Hit as Iran Pulls Navy from Red Sea: Reports
https://shipandbunker.com/news/world/202974-houthi-capabilities-hit-as-iran-pulls-navy-from-red-sea-reports

The move could significantly dent Houthi capabilities, as the group may lose vital Iranian naval support just as US forces intensify operations in the region.

US Plans New Offshore Oil and Gas Lease Sales
https://www.marinelink.com/news/us-plans-new-offshore-oil-gas-lease-sales-524839

US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching…