Danish government looks to establish $1bn war risk programme
https://splash247.com/danish-government-looks-to-establish-1bn-war-risk-programme/

The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail.  The government said the insurance plan, due to be voted on in parliament later this year, was a “timely precaution”.  “There are global tensions and war on European soil,” …

The Daily View: The challenge of forcing cargo on to US-built ships
https://www.lloydslist.com/LL1153344/The%20Daily%20View%20The%20challenge%20of%20forcing%20cargo%20on%20to%20US-built%20ships?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

US Cracks Down on Firms Tied to Suspected Iranian Oil Shipments
https://shipandbunker.com/news/world/534280-us-cracks-down-on-firms-tied-to-suspected-iranian-oil-shipments

The US has sanctioned seven companies and identified two tankers allegedly involved in the transport and trade of Iranian petroleum products.

Australia's Incat Shipyard Launches World's Largest Battery-Powered Ship
https://shipandbunker.com/news/world/238633-australias-incat-shipyard-launches-worlds-largest-battery-powered-ship

It will operate between Buenos Aires and Uruguay for the South American ferry operator Buquebus.

Japan’s crude oil imports in structural decline, dependence on Middle East grows
https://www.hellenicshippingnews.com/japans-crude-oil-imports-in-structural-decline-dependence-on-middle-east-grows/

Japan’s crude imports are in structural decline. The country is increasingly dependent on Saudi Arabia and the UAE, according to Vortexa. The decrease in Japan’s crude imports from 2022 to 2024 can be attributed to falling domestic demand for transportation fuels, Ivan Mathews, head of market analysis, APAC, Vortexa, said in a report. This fall ...

UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say
https://www.hellenicshippingnews.com/uaes-adnoc-to-supply-us-lpg-to-india-following-china-us-tariffs-sources-say/

Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows. The move will enable ADNOC to ship more of its own LPG to China, where buyers are paying higher premiums ...

Pakistan mulls buying US crude as bargaining tool to negotiate Trump tariffs
https://www.hellenicshippingnews.com/pakistan-mulls-buying-us-crude-as-bargaining-tool-to-negotiate-trump-tariffs/

Pakistan is actively looking to import US crude oil, in a bid to soften the tariff stance after the 90-day cooling period and maintain healthy bilateral trade with Washington, said refinery sources, industry analysts and government officials over April 24-29. US President Donald Trump paused country-specific reciprocal tariffs for 90 days on April 9, which ...

Middle East oil refining capacity on track to add 618,000 b/d by 2029
https://www.hellenicshippingnews.com/middle-east-oil-refining-capacity-on-track-to-add-618000-b-d-by-2029/

Middle East oil refineries are set to add 618,000 b/d of production capacity by 2029, turning the region into a net exporter equal to about 6 million b/d by 2030 and approaching 7 million b/d by 2040, according to an analysis by FGE NexantECA presented in Muscat on April 29. Bahrain’s Bapco Refining refinery will ...

Oil edges up as China opens door for trade talks with US
https://www.hellenicshippingnews.com/oil-edges-up-as-china-opens-door-for-trade-talks-with-us/

Oil prices inched up on Friday after China said it was open for talks with the United States on tariffs, raising hopes of a de-escalation in a bitter trade war between the world’s two largest economies and oil consumers. Brent crude futures were up 9 cents, or 0.1%, to $62.22 a barrel at 0804 GMT, ...

DEME Concludes Havfram Acquisition
https://www.marinelink.com/news/deme-concludes-havfram-acquisition-525311

Belgium-based offshore installation services company DEME has completed the acquisition Havfram, an offshore wind installation contractor based in Norway, in a deal valued at approximately $1.02 billion (€900 million).The transaction, first announced in April 2025…

Blowing in the Wind: Louis Dreyfus Armateurs Plows Forward on Offshore Fleet Renewal
https://www.marinelink.com/news/blowing-wind-louis-dreyfus-armateurs-525313

Louis Dreyfus Armateurs, a 170-year-old French family-owned company operating across a broad swath of maritime and offshore energy, recently announced a shipbuilding order and fleet expansion with the order for a series of three next generation SOVs…

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?
https://www.marinelink.com/news/future-longidle-drillships-coldstacked-525314

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater…

PD Ports Outlines Plans to Develop UK Offshore Wind Hub
https://www.marinelink.com/news/pd-ports-outlines-plans-develop-uk-525315

U.K.-based PD Ports has outlined its plans to develop one of the U.K.’s largest offshore wind manufacturing and installation hubs - the Teesport Offshore Gateway.The proposed project could unlock 180 acres of development potential for a range of offshore manufacturers…

Coast Guard to Begin Production Activities for Polar Security and Waterways Cutters
https://www.marinelink.com/news/coast-guard-begin-production-activities-525323

The Department of Homeland Security approved full production of the first U.S. Coast Guard Polar Security Cutter (PSC), April 30, 2025. The Service also received approval for low-rate initial production of the the Waterways Commerce Cutter (WCC).

Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2025 and the Declaration of a Dividend
https://www.hellenicshippingnews.com/scorpio-tankers-inc-announces-financial-results-for-the-first-quarter-of-2025-and-the-declaration-of-a-dividend/

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2025. The Company also announced that its board of directors (the “Board of Directors”) has declared a quarterly cash dividend on its common shares of $0.40 per share. Results for the three months ended March 31, 2025 and 2024 For the three ...

Kongsberg Maritime selects Corvus Energy battery systems for Matson’s LNG-powered containerships
https://www.hellenicshippingnews.com/kongsberg-maritime-selects-corvus-energy-battery-systems-for-matsons-lng-powered-containerships/

Matson Navigation Company’s three new 3600 TEU Aloha Class containerships, the largest container ships built in the United States, will use Kongsberg Maritime Hybrid Electrical Systems that incorporate Corvus Energy Orca ESS. Corvus Energy, a leader in marine energy storage solutions, has been selected by Kongsberg Maritime to supply marine Energy Storage Systems (ESS) for ...

Tanker sales drop on buyer caution as asset values remain stable, despite freight rate surge
https://www.lloydslist.com/LL1153340/Tanker%20sales%20drop%20on%20buyer%20caution%20as%20asset%20values%20remain%20stable%20despite%20freight%20rate%20surge?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

Recent tanker sales included two modern VLCCs purchased by Oman’s Asyad Shipping for $205m en-bloc. In the medium-range segment, Gulf...