New S&P Global Report: Liner Shipping Supports $1.1 Trillion in U.S. GDP and 6.4 Million American Jobs
https://www.hellenicshippingnews.com/new-sp-global-report-liner-shipping-supports-1-1-trillion-in-u-s-gdp-and-6-4-million-american-jobs/

New analysis from S&P Global, released Monday by the World Shipping Council, highlights the critical role of the liner shipping industry in the U.S. economy. The report independently quantifies the annual impact of the liner shipping industry – across key metrics including GDP contribution, employment, wages, sales activity, and government revenues. Key findings from the ...

India boosts buying of Russia’s ESPO oil in April as Chinese demand eases
https://www.hellenicshippingnews.com/india-boosts-buying-of-russias-espo-oil-in-april-as-chinese-demand-eases/

India increased purchases of ESPO Blend oil from Russia in April to the highest level since August 2024 amid weaker demand from Chinese companies, according to LSEG and traders’ data. ESPO Blend is Russia’s flagship light crude oil grade loading from Kozmino port to Asian markets and most favoured by Chinese refiners. In March and ...

Middle East Benchmarks fall; Dubai hits 7-week low
https://www.hellenicshippingnews.com/middle-east-benchmarks-fall-dubai-hits-7-week-low/

Middle East crude benchmarks fell on Monday, with spot premium of Dubai sliding to the lowest in over seven weeks amid expectations of OPEC+ raising supply. Sell-offs in Dubai prices started late last week, amid signs suggesting another possible output hike in June, and as Kazakhstan says it will prioritise national interests over those of ...

Investors fear Big Oil could cut share buybacks as crude prices slump
https://www.hellenicshippingnews.com/investors-fear-big-oil-could-cut-share-buybacks-as-crude-prices-slump/

When Exxon Mobil (XOM.N), and Chevron (CVX.N), report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025. Big Oil has made returning cash to investors through dividends and share repurchases a strategic cornerstone of its efforts to ...

Oil forecasts slashed amid fear of ‘impending global economic slowdown’
https://www.hellenicshippingnews.com/oil-forecasts-slashed-amid-fear-of-impending-global-economic-slowdown/

Oil price forecasts are tumbling as analysts hike their bets on weaker demand in the remainder of 2025 linked to U.S. trade tariffs, and a prevailing climate of economic uncertainty. U.S. benchmark West Texas Intermediate (WTI) (CL=F) hit a recent peak above US$80 in mid-January, days before U.S. President Donald Trump took office for his ...

Investors worry Big Oil could reduce share buybacks as crude prices slump
https://www.hellenicshippingnews.com/investors-worry-big-oil-could-reduce-share-buybacks-as-crude-prices-slump/

When Exxon Mobil XOM and Chevron CVX report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025. Big Oil has made returning cash to investors through dividends and share repurchases a strategic cornerstone of its efforts to ...

Recreational Boat in “Hit and Run” with Ferry in Florida
https://www.marinelink.com/news/recreational-boat-hit-run-ferry-florida-525122

The US Coast Guard Station Sand Key and partner agency crews responded to a vessel collision involving the Clearwater Ferry and a recreational boat on Sunday evening off Clearwater Memorial Causeway Bridge in Florida. There were reportedly 45…

Trawling-Induced Sediment Resuspension Reduces CO2 Uptake
https://www.marinelink.com/news/trawlinginduced-sediment-resuspension-525125

When bottom trawls are dragged across the seafloor, they stir up sediments. This not only releases previously stored organic carbon, but also intensifies the oxidation of pyrite, a mineral present in marine sediments, leading to additional emissions…

Oil Falls As Frustration Mounts Over U.S./China Tariff Talks
https://shipandbunker.com/news/world/272978-oil-falls-as-frustration-mounts-over-uschina-tariff-talks

Traders are also uncertain about the success of the nuclear talks with Iran.

Vitol rolls out FuelEU compliant co-processed VLSFO
https://splash247.com/vitol-rolls-out-fueleu-compliant-co-processed-vlsfo/

Vitol has announced the launch of a new FuelEU Maritime-compliant co-processed very low sulphur fuel oil (VLSFO). The Switzerland-based commodity trading giant said the co-processed fuel matches the chemical composition and operational qualities of conventional bunkers and eliminates the need for additional permissions or special clauses in charter party agreements. The new fuel is being …

Email security is broken – and crews are paying the price
https://splash247.com/email-security-is-broken-and-crews-are-paying-the-price/

Jamie Jones, chief operating officer at GTMaritime, writes for Splash today. Cyber attacks are getting smarter. Email security tools are getting noisier. And crew are stuck in the middle – expected to spot sophisticated phishing attempts while juggling operational duties, limited bandwidth, and an inbox full of warning messages that all sound the same. This …

CMA CGM becomes first global liner to run an Indian-flagged vessel
https://splash247.com/cma-cgm-becomes-first-global-liner-to-run-an-indian-flagged-vessel/

CMA CGM has welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier With a total capacity of 2,592 teu, CMA CGM Vitoria serves India on the group’s BIGEX network, which offers direct links between India, the Gulf, and the Red Sea, performing weekly calls from Nhava Sheva and Mundra. …

US sanctions three tankers over ties to the Houthis
https://splash247.com/us-sanctions-three-tankers-over-ties-to-the-houthis/

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted three vessels and their owners for allegedly providing support to the Houthis.  Marshall Islands-registered Zaas Shipping & Trading facilitated the delivery of LPG to the Houthi-controlled port of Ras Isa using the San Marino-flagged Tulip BZ.  The Tulip BZ has also …

Yangzijiang Financial to spin off shipping investment business
https://splash247.com/yangzijiang-financial-to-spin-off-shipping-investment-business/

Yangzijiang Financial Holding has moved to spin off its maritime investment undertaking and list it on the Singapore Stock Exchange. The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, said the newly incorporated company would function as a dedicated maritime investment platform, focused on “unlocking value across the entire maritime value chain” – from finance …

Yangzijiang Financial plots Singapore listing for maritime investment arm
https://www.lloydslist.com/LL1153296/Yangzijiang%20Financial%20plots%20Singapore%20listing%20for%20maritime%20investment%20arm?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

The move aims to unlock growth in shipping and offshore markets, with the new entity led by executive chairman Ren...

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BUNKER PRICES: G20-VLSFO Index Rises to Three-Day High
https://shipandbunker.com/news/world/190900-bunker-prices-g20-vlsfo-index-rises-to-three-day-high

Global VLSFO prices advanced at the start of the week.