Dry Bulk Shipping: US tariff increases drive weaker demand outlook
https://www.hellenicshippingnews.com/dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook/
“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026. Since our last update, a change in US trade policy has led to a deterioration in the economic outlook and an increase in uncertainty. Consequently, we have cut cargo demand growth by 0.5 percentage points in 2025 and 2026,” ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook/
“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026. Since our last update, a change in US trade policy has led to a deterioration in the economic outlook and an increase in uncertainty. Consequently, we have cut cargo demand growth by 0.5 percentage points in 2025 and 2026,” ...
China’s reliance on soybean imports continues despite cutback plans
https://www.hellenicshippingnews.com/chinas-reliance-on-soybean-imports-continues-despite-cutback-plans/
China wants to reduce reliance on foreign soybeans, but importers apparently didn’t get the memo. To curb imports and increase national food security, the world’s top soybean buyer in recent years says it has made sizable cuts to soybean meal’s use in livestock feed. However, China’s soybean imports were at a record high last year, ...
https://www.hellenicshippingnews.com/chinas-reliance-on-soybean-imports-continues-despite-cutback-plans/
China wants to reduce reliance on foreign soybeans, but importers apparently didn’t get the memo. To curb imports and increase national food security, the world’s top soybean buyer in recent years says it has made sizable cuts to soybean meal’s use in livestock feed. However, China’s soybean imports were at a record high last year, ...
Wärtsilä expands methane slip reduction capabilities by introducing NextDF technology for third engine
https://www.hellenicshippingnews.com/wartsila-expands-methane-slip-reduction-capabilities-by-introducing-nextdf-technology-for-third-engine/
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide ...
https://www.hellenicshippingnews.com/wartsila-expands-methane-slip-reduction-capabilities-by-introducing-nextdf-technology-for-third-engine/
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide ...
ClassNK releases ‘Prime Shipmanagement Guidelines’ for leveraging successful case studies to enable flexible responses to various situations
https://www.hellenicshippingnews.com/classnk-releases-prime-shipmanagement-guidelines-for-leveraging-successful-case-studies-to-enable-flexible-responses-to-various-situations/
ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable ship management with safety as the highest priority. Evolving environment surrounding ship management, including fuel transition, stricter regulations, and crew shortage, ClassNK aims to enable flexible responses to unexpected situations by drawing on lessons learned from successful case studies that had not received much ...
https://www.hellenicshippingnews.com/classnk-releases-prime-shipmanagement-guidelines-for-leveraging-successful-case-studies-to-enable-flexible-responses-to-various-situations/
ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable ship management with safety as the highest priority. Evolving environment surrounding ship management, including fuel transition, stricter regulations, and crew shortage, ClassNK aims to enable flexible responses to unexpected situations by drawing on lessons learned from successful case studies that had not received much ...
CLdN launches new container shipping service between Zeebrugge, Cork and Dublin
https://www.hellenicshippingnews.com/cldn-launches-new-container-shipping-service-between-zeebrugge-cork-and-dublin/
CLdN today announced the launch of a new weekly service between Zeebrugge and Ireland. CLdN has chartered an 800 TEU lift-on / lift-off (LoLo) cargo vessel (M/V JSP Rover) that will ship container cargo between its Albert II terminal in Zeebrugge and Cork / Dublin. The introduction of the new LoLo service will also enable ...
https://www.hellenicshippingnews.com/cldn-launches-new-container-shipping-service-between-zeebrugge-cork-and-dublin/
CLdN today announced the launch of a new weekly service between Zeebrugge and Ireland. CLdN has chartered an 800 TEU lift-on / lift-off (LoLo) cargo vessel (M/V JSP Rover) that will ship container cargo between its Albert II terminal in Zeebrugge and Cork / Dublin. The introduction of the new LoLo service will also enable ...
Asia Fuel Oil: Cracks for 380-cst HSFO at multi-year high
https://www.hellenicshippingnews.com/asia-fuel-oil-cracks-for-380-cst-hsfo-at-multi-year-high/
Asia’s refining cracks for 380-cst high sulphur fuel oil (HSFO) hit a multi-year high on Wednesday, buoyed by a drop in crude oil futures and seasonal market strength into late-Q2. Singapore 380-cst HSFO/Brent crack (FO380BRTCKMc1) closed at a premium of $2.15 a barrel for the prompt contract, reaching its highest since November 2018, data compiled ...
https://www.hellenicshippingnews.com/asia-fuel-oil-cracks-for-380-cst-hsfo-at-multi-year-high/
Asia’s refining cracks for 380-cst high sulphur fuel oil (HSFO) hit a multi-year high on Wednesday, buoyed by a drop in crude oil futures and seasonal market strength into late-Q2. Singapore 380-cst HSFO/Brent crack (FO380BRTCKMc1) closed at a premium of $2.15 a barrel for the prompt contract, reaching its highest since November 2018, data compiled ...
Iron ore logs third monthly decline on potential steel output cuts in China
https://www.hellenicshippingnews.com/iron-ore-logs-third-monthly-decline-on-potential-steel-output-cuts-in-china/
Iron ore futures edged lower on Wednesday, posting a third straight monthly decline amid the possibility of steel output cuts in top consumer China, while demand slowed ahead of the Labour Day holiday. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.78% lower at 703.5 yuan ($96.81) ...
https://www.hellenicshippingnews.com/iron-ore-logs-third-monthly-decline-on-potential-steel-output-cuts-in-china/
Iron ore futures edged lower on Wednesday, posting a third straight monthly decline amid the possibility of steel output cuts in top consumer China, while demand slowed ahead of the Labour Day holiday. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.78% lower at 703.5 yuan ($96.81) ...
San Marino Ship Register to Participate in Nor-Shipping 2025 – Oslo
https://www.hellenicshippingnews.com/san-marino-ship-register-to-participate-in-nor-shipping-2025-oslo/
San Marino Ship Register is proud to announce its participation in Nor-Shipping 2025, one of the world’s leading maritime industry events, to be held in Oslo, Norway, from June 2nd to June 6th, 2025. The Register’s attendance at Nor-Shipping underlines its commitment to expanding international engagement, promoting its high-quality services, and supporting sustainable innovation in ...
https://www.hellenicshippingnews.com/san-marino-ship-register-to-participate-in-nor-shipping-2025-oslo/
San Marino Ship Register is proud to announce its participation in Nor-Shipping 2025, one of the world’s leading maritime industry events, to be held in Oslo, Norway, from June 2nd to June 6th, 2025. The Register’s attendance at Nor-Shipping underlines its commitment to expanding international engagement, promoting its high-quality services, and supporting sustainable innovation in ...
MCTC ensures quality remains at top of the table amid global tensions
https://www.hellenicshippingnews.com/mctc-ensures-quality-remains-at-top-of-the-table-amid-global-tensions/
In the face of unpredictable provisioning costs, port disruptions, and longer lead times MCTC has reinforced its commitment to supporting vessel crews by empowering galley teams with the necessary skills and maintaining strong operational standards. Galley crews are shouldering the responsibility of supply chain and provision challenges and must be equipped with support and the ...
https://www.hellenicshippingnews.com/mctc-ensures-quality-remains-at-top-of-the-table-amid-global-tensions/
In the face of unpredictable provisioning costs, port disruptions, and longer lead times MCTC has reinforced its commitment to supporting vessel crews by empowering galley teams with the necessary skills and maintaining strong operational standards. Galley crews are shouldering the responsibility of supply chain and provision challenges and must be equipped with support and the ...
Hapag-Lloyd publishes preliminary business figures for the first quarter of 2025
https://www.hellenicshippingnews.com/hapag-lloyd-publishes-preliminary-business-figures-for-the-first-quarter-of-2025/
On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a 17% increase in Group EBITDA over the prior-year figure, to USD 1.1 billion (EUR 1.0 billion), in the first quarter of 2025. In the same period, the Group EBIT improved by 24%, to USD 0.5 billion (EUR 0.5 billion). The main drivers of this ...
https://www.hellenicshippingnews.com/hapag-lloyd-publishes-preliminary-business-figures-for-the-first-quarter-of-2025/
On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a 17% increase in Group EBITDA over the prior-year figure, to USD 1.1 billion (EUR 1.0 billion), in the first quarter of 2025. In the same period, the Group EBIT improved by 24%, to USD 0.5 billion (EUR 0.5 billion). The main drivers of this ...
Bureau Veritas Joins NavHyS Project to Advance Liquid Hydrogen Innovation in Shipping
https://www.hellenicshippingnews.com/bureau-veritas-joins-navhys-project-to-advance-liquid-hydrogen-innovation-in-shipping/
Bureau Veritas Marine & Offshore (BV) is pleased to announce its participation in NavHyS, a new European research project dedicated to advancing the use of liquid hydrogen (LH₂) in maritime applications. Funded by the Clean Hydrogen Partnership, NavHyS brings together a consortium of 14 partners from across Europe, with the shared goal of decarbonizing the ...
https://www.hellenicshippingnews.com/bureau-veritas-joins-navhys-project-to-advance-liquid-hydrogen-innovation-in-shipping/
Bureau Veritas Marine & Offshore (BV) is pleased to announce its participation in NavHyS, a new European research project dedicated to advancing the use of liquid hydrogen (LH₂) in maritime applications. Funded by the Clean Hydrogen Partnership, NavHyS brings together a consortium of 14 partners from across Europe, with the shared goal of decarbonizing the ...
Marine battery maker AYK Energy strikes biggest ever retrofit deal with Finnish ship owner Wasaline
https://www.hellenicshippingnews.com/marine-battery-maker-ayk-energy-strikes-biggest-ever-retrofit-deal-with-finnish-ship-owner-wasaline/
Marine battery maker AYK Energy is gearing up production after striking a deal to undertake the biggest ever battery retrofit on a vessel operated by Finnish shipping line Wasaline. The project with see Andorra headquartered AYK install a 10.4MWh battery on the hybrid- electric Ropax ferry the Aurora Botnia which operates a daily service between ...
https://www.hellenicshippingnews.com/marine-battery-maker-ayk-energy-strikes-biggest-ever-retrofit-deal-with-finnish-ship-owner-wasaline/
Marine battery maker AYK Energy is gearing up production after striking a deal to undertake the biggest ever battery retrofit on a vessel operated by Finnish shipping line Wasaline. The project with see Andorra headquartered AYK install a 10.4MWh battery on the hybrid- electric Ropax ferry the Aurora Botnia which operates a daily service between ...
Oil Posts Worst Monthly Showing Since 2021 As Saudis Stir Bearish Sentiment
https://shipandbunker.com/news/world/688743-oil-posts-worst-monthly-showing-since-2021-as-saudis-stir-bearish-sentiment
https://shipandbunker.com/news/world/688743-oil-posts-worst-monthly-showing-since-2021-as-saudis-stir-bearish-sentiment
SBM Offshore to install BP’s Gulf of Mexico production unit
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/
Dutch floater expert SBM Offshore has signed a contract with UK-based supermajor BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU). The Kaskida field is a greenfield Paleogene development located approximately 400 km southwest of New Orleans in the Keathley Canyon area of the US Gulf of Mexico. The …
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/
Dutch floater expert SBM Offshore has signed a contract with UK-based supermajor BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU). The Kaskida field is a greenfield Paleogene development located approximately 400 km southwest of New Orleans in the Keathley Canyon area of the US Gulf of Mexico. The …
Mediterranean ECA starts
https://splash247.com/mediterranean-eca-starts/
Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast to North and …
https://splash247.com/mediterranean-eca-starts/
Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast to North and …
Wallenius Wilhelmsen acquires remaining shares in Armacup
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/
Wallenius Wilhelmsen has acquired the remaining shares in New Zealand shipping concern, Armacup, bringing the shareholding percentage from 65% to 100%. Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup has since then expanded its position in the Asia-Oceania trade, servicing all three main export …
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/
Wallenius Wilhelmsen has acquired the remaining shares in New Zealand shipping concern, Armacup, bringing the shareholding percentage from 65% to 100%. Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup has since then expanded its position in the Asia-Oceania trade, servicing all three main export …
Plug-and-play solar power solution launches
https://splash247.com/plug-and-play-solar-power-solution-launches/
Wattlab, the Netherlands-based maritime solar specialist, has introduced its SolarDeck technology to the seagoing shipping industry. SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via Fuel EU Maritime …
https://splash247.com/plug-and-play-solar-power-solution-launches/
Wattlab, the Netherlands-based maritime solar specialist, has introduced its SolarDeck technology to the seagoing shipping industry. SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via Fuel EU Maritime …
A call to action for maritime employers
https://splash247.com/a-call-to-action-for-maritime-employers/
Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream Recruitment surveyed ship operators around the world …
https://splash247.com/a-call-to-action-for-maritime-employers/
Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream Recruitment surveyed ship operators around the world …
US issues further sanctions against Iran
https://splash247.com/us-issues-further-sanctions-against-iran/
Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property. The tankers Eloise and Olia managed by Vroom Marine Venture were the one picked up for the latest sanctions as the US continues its so-called maximum pressure campaign on …
https://splash247.com/us-issues-further-sanctions-against-iran/
Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property. The tankers Eloise and Olia managed by Vroom Marine Venture were the one picked up for the latest sanctions as the US continues its so-called maximum pressure campaign on …