Global economic outlook: trade tensions bite
https://www.hellenicshippingnews.com/global-economic-outlook-trade-tensions-bite/
The Trump administration’s tariff policy is rocking markets, sinking confidence, driving up inflation expectations, creating supply chain turmoil and deterring investment. Fluctuating tariffs add to the uncertainty. The US announced 90-day pause on its reciprocal tariffs on 10 April, just five days after they came into force. During the pause a baseline 10% rate is ...
https://www.hellenicshippingnews.com/global-economic-outlook-trade-tensions-bite/
The Trump administration’s tariff policy is rocking markets, sinking confidence, driving up inflation expectations, creating supply chain turmoil and deterring investment. Fluctuating tariffs add to the uncertainty. The US announced 90-day pause on its reciprocal tariffs on 10 April, just five days after they came into force. During the pause a baseline 10% rate is ...
OPEC+ may discuss 2027 baselines and agree July hike this week, sources say
https://www.hellenicshippingnews.com/opec-may-discuss-2027-baselines-and-agree-july-hike-this-week-sources-say/
OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from the group said, while separate talks due on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been ...
https://www.hellenicshippingnews.com/opec-may-discuss-2027-baselines-and-agree-july-hike-this-week-sources-say/
OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from the group said, while separate talks due on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been ...
OPEC+ adopts plan for 2027 baselines ahead of July output hike talks
https://www.hellenicshippingnews.com/opec-adopts-plan-for-2027-baselines-ahead-of-july-output-hike-talks/
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been discussing new ...
https://www.hellenicshippingnews.com/opec-adopts-plan-for-2027-baselines-ahead-of-july-output-hike-talks/
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been discussing new ...
Thailand’s rice exports buoyed by buyer trust despite market challenges, says TREA president
https://www.hellenicshippingnews.com/thailands-rice-exports-buoyed-by-buyer-trust-despite-market-challenges-says-trea-president/
Thailand’s rice exports are expected to reach 7.5 million mt in 2025, supported by early-year momentum and strong buyer trust, even as global market conditions remain weak and Indian competition intensifies, Charoen Laothammatas, President of the Thai Rice Exporters Association, told Platts, part of S&P Global Commodity Insights, in an interview. “In the first four ...
https://www.hellenicshippingnews.com/thailands-rice-exports-buoyed-by-buyer-trust-despite-market-challenges-says-trea-president/
Thailand’s rice exports are expected to reach 7.5 million mt in 2025, supported by early-year momentum and strong buyer trust, even as global market conditions remain weak and Indian competition intensifies, Charoen Laothammatas, President of the Thai Rice Exporters Association, told Platts, part of S&P Global Commodity Insights, in an interview. “In the first four ...
USTRANSCOM Report: Impact of Dredging Limitations on U.S. Strategic Seaports
https://www.marinelink.com/news/ustranscom-report-impact-dredging-526247
The U.S. Senate Committee on Armed Services, through the National Defense Authorization Act (NDAA) for Fiscal Year 2025, tasked the U.S. Transportation Command (USTRANSCOM) with assessing how reduced dredging capacity may have impacted designated strategic seaports.
https://www.marinelink.com/news/ustranscom-report-impact-dredging-526247
The U.S. Senate Committee on Armed Services, through the National Defense Authorization Act (NDAA) for Fiscal Year 2025, tasked the U.S. Transportation Command (USTRANSCOM) with assessing how reduced dredging capacity may have impacted designated strategic seaports.
Expleo Invests in the Next Generation With Ship Design Challenge
https://www.marinelink.com/news/expleo-invests-next-generation-ship-526248
Expleo, a global engineering, technology and consulting company, is investing the next generation of UK naval engineering talent with its ship design challenge, Vision 202X.Expleo works with defense primes and leading marine manufacturers on…
https://www.marinelink.com/news/expleo-invests-next-generation-ship-526248
Expleo, a global engineering, technology and consulting company, is investing the next generation of UK naval engineering talent with its ship design challenge, Vision 202X.Expleo works with defense primes and leading marine manufacturers on…
TenneT Begins Drilling Under Dunes for Laying Electricity Cables on Maasvlakte
https://www.marinelink.com/news/tennet-begins-drilling-dunes-laying-526249
In the coming years, grid operator TenneT will bring wind energy from the sea to land on the Maasvlakte. To enable the landing of these electricity cables, contractor NRG started six drillings under the dunes May 26. Three more will follow after the summer.
https://www.marinelink.com/news/tennet-begins-drilling-dunes-laying-526249
In the coming years, grid operator TenneT will bring wind energy from the sea to land on the Maasvlakte. To enable the landing of these electricity cables, contractor NRG started six drillings under the dunes May 26. Three more will follow after the summer.
US Natural Gas Prices Fall 6% in Volatile Contract Expiration Trade
https://www.marinelink.com/news/us-natural-gas-prices-fall-volatile-526251
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might…
https://www.marinelink.com/news/us-natural-gas-prices-fall-volatile-526251
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might…
CMA CGM Launches Electric River Barge with NIKE
https://www.marinelink.com/news/cma-cgm-launches-electric-river-barge-526252
CMA CGM has launched the first fully electric container barge in Vietnam, supported by the construction of a solar-powered charging station at the Cai Mep port, the country’s main container gateway near Ho Chi Minh City.As part of this initiative…
https://www.marinelink.com/news/cma-cgm-launches-electric-river-barge-526252
CMA CGM has launched the first fully electric container barge in Vietnam, supported by the construction of a solar-powered charging station at the Cai Mep port, the country’s main container gateway near Ho Chi Minh City.As part of this initiative…
Thailand’s rice exports buoyed by buyer trust despite market challenges, says TREA president
https://www.hellenicshippingnews.com/thailands-rice-exports-buoyed-by-buyer-trust-despite-market-challenges-says-trea-president/
Thailand’s rice exports are expected to reach 7.5 million mt in 2025, supported by early-year momentum and strong buyer trust, even as global market conditions remain weak and Indian competition intensifies, Charoen Laothammatas, President of the Thai Rice Exporters Association, told Platts, part of S&P Global Commodity Insights, in an interview. “In the first four ...
https://www.hellenicshippingnews.com/thailands-rice-exports-buoyed-by-buyer-trust-despite-market-challenges-says-trea-president/
Thailand’s rice exports are expected to reach 7.5 million mt in 2025, supported by early-year momentum and strong buyer trust, even as global market conditions remain weak and Indian competition intensifies, Charoen Laothammatas, President of the Thai Rice Exporters Association, told Platts, part of S&P Global Commodity Insights, in an interview. “In the first four ...
Dalian iron ore dips, rebar slumps to five-year low on tepid China steel production
https://www.hellenicshippingnews.com/dalian-iron-ore-dips-rebar-slumps-to-five-year-low-on-tepid-china-steel-production/
Iron ore futures prices dipped for a fourth consecutive session on Wednesday while rebar prices slipped to their lowest since 2020, pressured by slowing steel production in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% lower at 698.5 yuan ($97.14) a metric ton. The ...
https://www.hellenicshippingnews.com/dalian-iron-ore-dips-rebar-slumps-to-five-year-low-on-tepid-china-steel-production/
Iron ore futures prices dipped for a fourth consecutive session on Wednesday while rebar prices slipped to their lowest since 2020, pressured by slowing steel production in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% lower at 698.5 yuan ($97.14) a metric ton. The ...
Dry Weekly Market Monitor: Dry Bulk Fleet Growth 2025-2026
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-fleet-growth-2025-2026/
With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry ...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-fleet-growth-2025-2026/
With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry ...
Baltic Index Rises On Higher Capesize Vessel Rates
https://www.hellenicshippingnews.com/baltic-index-rises-on-higher-capesize-vessel-rates/
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday on higher rates for the capesize vessel segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 7 points, or 0.5%, to 1,303. The capesize index was up 65 points, ...
https://www.hellenicshippingnews.com/baltic-index-rises-on-higher-capesize-vessel-rates/
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday on higher rates for the capesize vessel segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 7 points, or 0.5%, to 1,303. The capesize index was up 65 points, ...
Chevron Ouster And Trump Tariff Block Cause Oil To Extend Its Gains
https://shipandbunker.com/news/am/839621-chevron-ouster-and-trump-tariff-block-cause-oil-to-extend-its-gains
https://shipandbunker.com/news/am/839621-chevron-ouster-and-trump-tariff-block-cause-oil-to-extend-its-gains
ePropulsion Powers France’s First 40-Meter Fully Electric Catering Cruise Ship On The Seine
https://www.hellenicshippingnews.com/epropulsion-powers-frances-first-40-meter-fully-electric-catering-cruise-ship-on-the-seine/
ePropulsion, a global leader in marine electric propulsion systems and services, announced today it has been selected as the exclusive propulsion partner for Bleu Seine; France’s first 40-meter, fully electric catering cruise ship. Designed for daily operations on the Seine River, the vessel represents a major step forward in sustainable passenger transport on one of ...
https://www.hellenicshippingnews.com/epropulsion-powers-frances-first-40-meter-fully-electric-catering-cruise-ship-on-the-seine/
ePropulsion, a global leader in marine electric propulsion systems and services, announced today it has been selected as the exclusive propulsion partner for Bleu Seine; France’s first 40-meter, fully electric catering cruise ship. Designed for daily operations on the Seine River, the vessel represents a major step forward in sustainable passenger transport on one of ...
Adaptability, Not Scale, Defines Success in Today’s Shipping Markets, Says Hanse Bereederung
https://www.hellenicshippingnews.com/adaptability-not-scale-defines-success-in-todays-shipping-markets-says-hanse-bereederung/
Adaptability and agility in the type and length of voyages shipowners and charterers are committing to, is a defining advantage in today’s shipping markets, according to Hanse Bereederung, member of Columbia Group and a provider of independent ship management and broking services across the dry bulk, tanker, and container sectors. With markets shaped by geopolitical ...
https://www.hellenicshippingnews.com/adaptability-not-scale-defines-success-in-todays-shipping-markets-says-hanse-bereederung/
Adaptability and agility in the type and length of voyages shipowners and charterers are committing to, is a defining advantage in today’s shipping markets, according to Hanse Bereederung, member of Columbia Group and a provider of independent ship management and broking services across the dry bulk, tanker, and container sectors. With markets shaped by geopolitical ...
BW Opal Sets Sail
https://www.hellenicshippingnews.com/bw-opal-sets-sail/
As in any FPSO project, sail-away marks a key milestone! Today, BW Opal officially departed the Seatrium’s flagship Tuas Boulevard Yard in Singapore, fully commissioned and ready for offshore deployment. With 230 MW of installed power, gas processing facilities of 800 MSCFD and designed for a 25-year offshore lifespan, the BW Opal represents the culmination ...
https://www.hellenicshippingnews.com/bw-opal-sets-sail/
As in any FPSO project, sail-away marks a key milestone! Today, BW Opal officially departed the Seatrium’s flagship Tuas Boulevard Yard in Singapore, fully commissioned and ready for offshore deployment. With 230 MW of installed power, gas processing facilities of 800 MSCFD and designed for a 25-year offshore lifespan, the BW Opal represents the culmination ...
Golar LNG Limited Interim results for the period ended March 31, 2025
https://www.hellenicshippingnews.com/golar-lng-limited-interim-results-for-the-period-ended-march-31-2025/
Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports Q1 2025 net income attributable to Golar of $8 million, Adjusted EBITDA1 of $41 million and Total Golar Cash1 of $678 million. Concluded the 20-year charter of FLNG Hilli for Southern Energy S.A. (“SESA”) in Argentina. Signed definitive agreements for a 20-year charter ...
https://www.hellenicshippingnews.com/golar-lng-limited-interim-results-for-the-period-ended-march-31-2025/
Highlights and subsequent events Golar LNG Limited (“Golar” or “the Company”) reports Q1 2025 net income attributable to Golar of $8 million, Adjusted EBITDA1 of $41 million and Total Golar Cash1 of $678 million. Concluded the 20-year charter of FLNG Hilli for Southern Energy S.A. (“SESA”) in Argentina. Signed definitive agreements for a 20-year charter ...
Kongsberg Maritime wins waterjet contract with Maritime Partner AS for Danish SAR vessels
https://www.hellenicshippingnews.com/kongsberg-maritime-wins-waterjet-contract-with-maritime-partner-as-for-danish-sar-vessels/
Kongsberg Maritime has entered into a contract with Norwegian shipbuilder Maritime Partner AS for the delivery of waterjets and control systems for seven new Search and Rescue (SAR) vessels. These vessels are being built for the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO), reinforcing a strong Nordic collaboration in support of mission-critical maritime ...
https://www.hellenicshippingnews.com/kongsberg-maritime-wins-waterjet-contract-with-maritime-partner-as-for-danish-sar-vessels/
Kongsberg Maritime has entered into a contract with Norwegian shipbuilder Maritime Partner AS for the delivery of waterjets and control systems for seven new Search and Rescue (SAR) vessels. These vessels are being built for the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO), reinforcing a strong Nordic collaboration in support of mission-critical maritime ...