Related StoriesThe week in newbuildings: Ordering picks up across most vessel sectors (https://www.lloydslist.com/LL1153232/The%20week%20in%20newbuildings%20Ordering%20picks%20up%20across%20most%20vessel%20sectors?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)The week in charts: February slump raises red flag for container demand | New IMO framework gets cautious welcome | Armed robbery incidents surge in Singapore Strait (https://www.lloydslist.com/LL1153229/The%20week%20in%20charts%20February%20slump%20raises%20red%20flag%20for%20container%20demand%20%20New%20IMO%20framework%20gets%20cautious%20welcome%20%20Armed%20robbery%20incidents%20surge%20in%20Singapore%20Strait?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Ports and box carriers push back on USTR plan (https://www.lloydslist.com/LL1153228/Ports%20and%20box%20carriers%20push%20back%20on%20USTR%20plan?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Newbuilding LNG vessel for QatarEnergy Named “AL TUWAR”
https://www.hellenicshippingnews.com/newbuilding-lng-vessel-for-qatarenergy-named-al-tuwar/
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *1 held naming ceremony for 174,000m3 LNG vessel for QatarEnergy *2 at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd on 17 April. The vessel was named “AL TUWAR” by Ms. Shi Dai, Director and President of China Merchants Group Limited. “AL TUWAR” ...
https://www.hellenicshippingnews.com/newbuilding-lng-vessel-for-qatarenergy-named-al-tuwar/
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *1 held naming ceremony for 174,000m3 LNG vessel for QatarEnergy *2 at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd on 17 April. The vessel was named “AL TUWAR” by Ms. Shi Dai, Director and President of China Merchants Group Limited. “AL TUWAR” ...
Middle East Crude-Dubai, Murban decline for a second session; Oman steady
https://www.hellenicshippingnews.com/middle-east-crude-dubai-murban-decline-for-a-second-session-oman-steady/
Middle East crude benchmark spot premiums of Dubai and Murban drifted lower on Tuesday for a second straight session after a weekly rally, while that of Oman held steady. Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs ...
https://www.hellenicshippingnews.com/middle-east-crude-dubai-murban-decline-for-a-second-session-oman-steady/
Middle East crude benchmark spot premiums of Dubai and Murban drifted lower on Tuesday for a second straight session after a weekly rally, while that of Oman held steady. Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs ...
China’s crude oil imports from Russia rebound in March; imports from Malaysia surge
https://www.hellenicshippingnews.com/chinas-crude-oil-imports-from-russia-rebound-in-march-imports-from-malaysia-surge/
Imports from top supplier Russia – including via pipelines and tankers – rebounded in March after a fall in the January-February period triggered by toughest-ever U.S. sanctions that disrupted oil flows. Russian oil arrivals totalled 8.85 million metric tons last month, or 2.08 million barrels per day, up from 1.91 million bpd during the Jan-Feb ...
https://www.hellenicshippingnews.com/chinas-crude-oil-imports-from-russia-rebound-in-march-imports-from-malaysia-surge/
Imports from top supplier Russia – including via pipelines and tankers – rebounded in March after a fall in the January-February period triggered by toughest-ever U.S. sanctions that disrupted oil flows. Russian oil arrivals totalled 8.85 million metric tons last month, or 2.08 million barrels per day, up from 1.91 million bpd during the Jan-Feb ...
Ukraine may need to import 6.3 bcm of gas for next winter as reserves hit record low
https://www.hellenicshippingnews.com/ukraine-may-need-to-import-6-3-bcm-of-gas-for-next-winter-as-reserves-hit-record-low/
Ukraine may need to import up to 6.3 billion cubic metres (bcm) of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities, the former head of its gas transit operator said on Sunday. Ukraine has been forced to ramp up gas withdrawals from ...
https://www.hellenicshippingnews.com/ukraine-may-need-to-import-6-3-bcm-of-gas-for-next-winter-as-reserves-hit-record-low/
Ukraine may need to import up to 6.3 billion cubic metres (bcm) of gas for the 2025/26 winter season as reserves have fallen to a record low due to war-related damage to some facilities, the former head of its gas transit operator said on Sunday. Ukraine has been forced to ramp up gas withdrawals from ...
India imposes 12% safeguard duty on flat steel imports for 200 days
https://www.hellenicshippingnews.com/india-imposes-12-safeguard-duty-on-flat-steel-imports-for-200-days/
India has imposed a 12% safeguard duty on alloy and non-alloy steel flat products for 200 days, according to a Ministry of Finance notification published in the Gazette of India on April 21. The safeguard duty is imposed on hot-rolled coils, sheets, and plates, hot-rolled plate mill plates, cold-rolled coils and sheets and metallic-coated steel ...
https://www.hellenicshippingnews.com/india-imposes-12-safeguard-duty-on-flat-steel-imports-for-200-days/
India has imposed a 12% safeguard duty on alloy and non-alloy steel flat products for 200 days, according to a Ministry of Finance notification published in the Gazette of India on April 21. The safeguard duty is imposed on hot-rolled coils, sheets, and plates, hot-rolled plate mill plates, cold-rolled coils and sheets and metallic-coated steel ...
CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships
https://splash247.com/cmb-tech-and-golden-ocean-merging-to-create-fleet-of-more-than-250-ships/
Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by the Saverys family …
https://splash247.com/cmb-tech-and-golden-ocean-merging-to-create-fleet-of-more-than-250-ships/
Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by the Saverys family …
Oil group Equinor must explain climate discrepancy, minority owners say
https://www.hellenicshippingnews.com/oil-group-equinor-must-explain-climate-discrepancy-minority-owners-say/
The board of Norway’s Equinor (EQNR.OL), must explain how the company’s plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell (SHEL.L), and BP ...
https://www.hellenicshippingnews.com/oil-group-equinor-must-explain-climate-discrepancy-minority-owners-say/
The board of Norway’s Equinor (EQNR.OL), must explain how the company’s plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell (SHEL.L), and BP ...
Daily Briefing 23 April 2025
https://www.lloydslist.com/LL1152009/Daily%20Briefing%2023%20April%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
EXCLUSIVE: How an LPG tanker’s maiden voyage ended with the US sanctioning a sprawling Iranian gas network | Ports and...
https://www.lloydslist.com/LL1152009/Daily%20Briefing%2023%20April%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
EXCLUSIVE: How an LPG tanker’s maiden voyage ended with the US sanctioning a sprawling Iranian gas network | Ports and...
Related StoriesLNG will remain the cheapest fuel through to 2035 under IMO rules (https://www.lloydslist.com/LL1153238/LNG%20will%20remain%20the%20cheapest%20fuel%20through%20to%202035%20under%20IMO%20rules?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Stolt-Nielsen to build new Turkish terminal (https://www.lloydslist.com/LL1153237/Stolt-Nielsen%20to%20build%20new%20Turkish%20terminal?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Elderly boxships and sanctioned aframax tanker consigned to shipbreakers (https://www.lloydslist.com/LL1153235/Elderly%20boxships%20and%20sanctioned%20aframax%20tanker%20consigned%20to%20shipbreakers?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Dalian iron ore range-bound as traders weigh India steel duty, resilient China demand
https://www.hellenicshippingnews.com/dalian-iron-ore-range-bound-as-traders-weigh-india-steel-duty-resilient-china-demand/
Iron ore futures prices traded within a tight range on Tuesday, as investors weighed fresh temporary tariffs on some Chinese steel against brightening near-term demand from China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! rose 0.21% to 711 yuan ($97.26) a metric ton. The benchmark May iron ore (SZZFK5) ...
https://www.hellenicshippingnews.com/dalian-iron-ore-range-bound-as-traders-weigh-india-steel-duty-resilient-china-demand/
Iron ore futures prices traded within a tight range on Tuesday, as investors weighed fresh temporary tariffs on some Chinese steel against brightening near-term demand from China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! rose 0.21% to 711 yuan ($97.26) a metric ton. The benchmark May iron ore (SZZFK5) ...
China’s soybean imports from US jump in March, but Brazil set to dominate market
https://www.hellenicshippingnews.com/chinas-soybean-imports-from-us-jump-in-march-but-brazil-set-to-dominate-market/
China’s soybean imports from the United States rose 12% in March from the same period last year, as shipments secured in late 2024 by buyers concerned about the potential for a trade spat between the U.S. and China arrived in port. However, Brazil is expected to dominate the market in the coming months as its ...
https://www.hellenicshippingnews.com/chinas-soybean-imports-from-us-jump-in-march-but-brazil-set-to-dominate-market/
China’s soybean imports from the United States rose 12% in March from the same period last year, as shipments secured in late 2024 by buyers concerned about the potential for a trade spat between the U.S. and China arrived in port. However, Brazil is expected to dominate the market in the coming months as its ...
Baltic Index Unchanged As Gains In Smaller Vessels Counter Muted Capsize
https://www.hellenicshippingnews.com/baltic-index-unchanged-as-gains-in-smaller-vessels-counter-muted-capsize/
The Baltic Exchange’s dry bulk sea freight index was unchanged on Tuesday as gains in the panamax and supramax segments countered a decline in capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, held steady at 1,261 points. The capesize index fell 17 points, or about 1%, to 1,661. ...
https://www.hellenicshippingnews.com/baltic-index-unchanged-as-gains-in-smaller-vessels-counter-muted-capsize/
The Baltic Exchange’s dry bulk sea freight index was unchanged on Tuesday as gains in the panamax and supramax segments countered a decline in capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, held steady at 1,261 points. The capesize index fell 17 points, or about 1%, to 1,661. ...
Bulker S&P Activity Falls Sharply in Q1 2025
https://www.hellenicshippingnews.com/bulker-sp-activity-falls-sharply-in-q1-2025/
Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels ...
https://www.hellenicshippingnews.com/bulker-sp-activity-falls-sharply-in-q1-2025/
Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels ...
Shifting Trade Flows From Policy Changes
https://www.hellenicshippingnews.com/shifting-trade-flows-from-policy-changes/
Global trade flows are shifting in response to the ongoing trade war. In its latest weekly report, shipbroker Intermodal said that “the recent surge in trade tensions between the U.S. and China, marked by the U.S. imposing tariffs up to 145% on Chinese imports and China retaliating with 125% tariffs, has cast a significant shadow ...
https://www.hellenicshippingnews.com/shifting-trade-flows-from-policy-changes/
Global trade flows are shifting in response to the ongoing trade war. In its latest weekly report, shipbroker Intermodal said that “the recent surge in trade tensions between the U.S. and China, marked by the U.S. imposing tariffs up to 145% on Chinese imports and China retaliating with 125% tariffs, has cast a significant shadow ...
Czech Republic ready to end Russian crude imports after launching TAL pipeline upgrade
https://www.hellenicshippingnews.com/czech-republic-ready-to-end-russian-crude-imports-after-launching-tal-pipeline-upgrade/
The Czech Republic is ready to break years of Russian oil dependence with the inauguration of its expanded Trans-Alpine pipeline, Prime Minister Petr Fiala said. Speaking at a press conference at the country’s Nelahozeves central oil storage facility, Fiala confirmed that the inaugural crude cargo to transit the upgraded pipeline had reached the Czech Republic ...
https://www.hellenicshippingnews.com/czech-republic-ready-to-end-russian-crude-imports-after-launching-tal-pipeline-upgrade/
The Czech Republic is ready to break years of Russian oil dependence with the inauguration of its expanded Trans-Alpine pipeline, Prime Minister Petr Fiala said. Speaking at a press conference at the country’s Nelahozeves central oil storage facility, Fiala confirmed that the inaugural crude cargo to transit the upgraded pipeline had reached the Czech Republic ...
USTR: New Measures Target Chinese Maritime Sector
https://www.marinelink.com/news/ustr-new-measures-target-chinese-maritime-524908
The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance.
https://www.marinelink.com/news/ustr-new-measures-target-chinese-maritime-524908
The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance.
Hefring Marine, Marine AI Partner to Enhance Maritime Autonomy
https://www.marinelink.com/news/hefring-marine-marine-ai-partner-enhance-524909
Icelandir Hefring Marine and UK-based Marine AI announced a mutually beneficial partnership. This collaboration aims to enhance autonomous maritime operations by integrating Hefring Marine’s Intelligent Marine Assistance System (IMAS) with Marine…
https://www.marinelink.com/news/hefring-marine-marine-ai-partner-enhance-524909
Icelandir Hefring Marine and UK-based Marine AI announced a mutually beneficial partnership. This collaboration aims to enhance autonomous maritime operations by integrating Hefring Marine’s Intelligent Marine Assistance System (IMAS) with Marine…
StarCruises Sets Sail from Bangkok with Star Voyager
https://www.marinelink.com/news/starcruises-sets-sail-bangkok-star-524910
Building on over 30 years of cruising excellence across Asia and beyond, the newly revitalized StarCruises brand celebrated its inaugural sailing from Thailand with the arrival of the Star Voyager at Laem Chabang Port, the gateway to Bangkok.
https://www.marinelink.com/news/starcruises-sets-sail-bangkok-star-524910
Building on over 30 years of cruising excellence across Asia and beyond, the newly revitalized StarCruises brand celebrated its inaugural sailing from Thailand with the arrival of the Star Voyager at Laem Chabang Port, the gateway to Bangkok.