Bunker Oil & Shipping Channel
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IMO carbon price not a done deal industry warned
https://www.lloydslist.com/LL1153248/IMO%20carbon%20price%20not%20a%20done%20deal%20industry%20warned?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

The IMO’s new green regulation has drawn fire for its complexity and weak climate targets. But it is seen as...
Global Wind Capacity in 2024 Falls Short Despite Reaching a Record
https://www.marinelink.com/news/global-wind-capacity-falls-short-despite-524950

A record 117 gigawatts of wind power capacity was installed worldwide last year, slightly more than in 2023, but far less than needed to achieve goals to decarbonise energy, a report by the Global Wind Energy Council said on Wednesday.WHY IT'S IMPORTANTThe world needs to shift to renewable sources…
Hapag-Lloyd Customers Cancel 30% of China's US Bound Shipments
https://www.marinelink.com/news/hapaglloyd-customers-cancel-chinas-us-524953

Hapag-Lloyd customers have cancelled 30% of shipments to the United States from China, spooked by the trade conflict between the world's two largest economies, a spokesperson for the German container shipping group told Reuters on Wednesday.Instead…
What happens next in the Baltimore bridge case?
https://www.lloydslist.com/LL1153247/What%20happens%20next%20in%20the%20Baltimore%20bridge%20case?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

Lloyd’s List law and marine insurance editor David Osler examines the next steps in the maritime casualty of the decade
Vantage Drilling bags $80m drillship deal
https://splash247.com/vantage-drilling-bags-80m-drillship-deal/

Offshore drilling contractor Vantage Drilling has received a conditional letter of award from an undisclosed client for the 2010-built drillship Platinum Explorer. The company stated that the conditional letter of award has a 90-day validity period. The contract value is around $80m with an anticipated 260 days required to complete the campaign, inclusive of mobilisation …
Contships pushes ahead with fleet renewal
https://www.lloydslist.com/LL1153249/Contships%20pushes%20ahead%20with%20fleet%20renewal?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

Secondhand strategy accords with reality of high newbuilding prices for feeders unjustified by current charter rates, according to Clarksons Securities...
Jetfoil Service Between Hong Kong and Macau Turns 50, Commemorated With a Book
https://www.marinelink.com/news/jetfoil-service-hong-kong-macau-turns-524954

To commemorate the history of Hong Kong – Macau sailings, Aero Editor launched a book “Hong Kong - Macau High-Speed Ferries” (Traditional Chinese) last year. This book introduces the history, development and current status of sea travel between Hong Kong and Macau…
South Korea to Discuss Chinese Presence in Disputed Area
https://www.marinelink.com/news/south-korea-discuss-chinese-presence-524952

South Korea will raise China's construction of sea structures off the west coast of the Korean Peninsula in a dialogue with Beijing on Wednesday, Seoul's Foreign Minister said.China has built structures in a disputed area of the Yellow Sea, known in Seoul as the West Sea, causing South Korea to set
Daily Briefing 24 April 2025
https://www.lloydslist.com/LL1152010/Daily%20Briefing%2024%20April%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

IMO carbon price not a done deal industry warned | Revised US port fee plan leaves important questions unanswered, lawyers...
Iran’s IRGC seizes two foreign tankers carrying ‘smuggled diesel’
https://www.hellenicshippingnews.com/irans-irgc-seizes-two-foreign-tankers-carrying-smuggled-diesel/

Iran’s Islamic Revolutionary Guard Corps (IRGC) has seized two foreign vessels carrying “smuggled” fuel in the Gulf, local media said on Tuesday. The IRGC “seized two Tanzanian-flagged vessels carrying 1.5 million liters of smuggled diesel fuel,” said Iranian news agency Fars. Iranian forces regularly target tankers they say are illegally transporting fuel in the Gulf. ...
Nor-Shipping 2025 – Deep Sea Minerals: Unlocking the future of sustainable resource extraction
https://www.hellenicshippingnews.com/nor-shipping-2025-deep-sea-minerals-unlocking-the-future-of-sustainable-resource-extraction/

As demand for critical minerals escalates, stakeholders worldwide are looking towards the seabed as a potential solution to supply constraints. With geopolitical tensions, environmental concerns, and technological advancements shaping the conversation, the upcoming First Deep Sea Minerals Conference at Nor-Shipping 2025 aims to facilitate critical discussions on the future of sustainable extraction. We spoke with ...
Westwood Insight – Rig retirements set to rise as utilisation falls to lowest level since 2021
https://www.hellenicshippingnews.com/westwood-insight-rig-retirements-set-to-rise-as-utilisation-falls-to-lowest-level-since-2021/

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilisation hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi Aramco’s suspension of over 30 jackup contracts by up to one year, the entry of newbuild ...