Understanding the risks that sanctions pose to shipping businesses
https://www.hellenicshippingnews.com/understanding-the-risks-that-sanctions-pose-to-shipping-businesses/
You may already have a view as to how effective sanctions are at achieving their stated objectives. However, the truth is short of military intervention, nation states have very few levers to pull to influence another country’s behaviour. If we accept this position, economic sanctions are the only way nation states can demonstrate their opposition ...
https://www.hellenicshippingnews.com/understanding-the-risks-that-sanctions-pose-to-shipping-businesses/
You may already have a view as to how effective sanctions are at achieving their stated objectives. However, the truth is short of military intervention, nation states have very few levers to pull to influence another country’s behaviour. If we accept this position, economic sanctions are the only way nation states can demonstrate their opposition ...
Australia Fines Indonesians Fishing Illegally
https://www.marinelink.com/news/australia-fines-indonesians-fishing-526263
Eighteen Indonesian nationals pleaded guilty to illegally fishing in Australian waters in three separate cases at Darwin Local Court on May 27.Australian authorities apprehended an Indonesian vessel fishing illegally on May 11, 2025, near Croker Island, Northern Territory.
https://www.marinelink.com/news/australia-fines-indonesians-fishing-526263
Eighteen Indonesian nationals pleaded guilty to illegally fishing in Australian waters in three separate cases at Darwin Local Court on May 27.Australian authorities apprehended an Indonesian vessel fishing illegally on May 11, 2025, near Croker Island, Northern Territory.
China Offers Pacific Islands Increased Climate Change Support
https://www.marinelink.com/news/china-offers-pacific-islands-increased-526264
Chinese Foreign Minister Wang Yi pledged increased support from the world's second-largest economy to Pacific Island countries in addressing climate change, during a summit China's Xiamen on Wednesday, according to a ministry readout.The world's…
https://www.marinelink.com/news/china-offers-pacific-islands-increased-526264
Chinese Foreign Minister Wang Yi pledged increased support from the world's second-largest economy to Pacific Island countries in addressing climate change, during a summit China's Xiamen on Wednesday, according to a ministry readout.The world's…
Petrobras awards offshore work worth over $500m to Mota-Engil
https://splash247.com/petrobras-awards-offshore-work-worth-over-500m-to-mota-engil/
Portuguese engineering and construction company Mota-Engil has, through its subsidiary, won two contracts with Brazilian state-owned giant Petrobras. The company’s Brazilian subsidiary, Empresa Constructora do Brasil, won a deal worth 1.56bn reais ($274m) for an estimated term of 60 months, comprising recovery and final removal services of 420 km of flexible lines at the Marlim, …
https://splash247.com/petrobras-awards-offshore-work-worth-over-500m-to-mota-engil/
Portuguese engineering and construction company Mota-Engil has, through its subsidiary, won two contracts with Brazilian state-owned giant Petrobras. The company’s Brazilian subsidiary, Empresa Constructora do Brasil, won a deal worth 1.56bn reais ($274m) for an estimated term of 60 months, comprising recovery and final removal services of 420 km of flexible lines at the Marlim, …
Avenir seals multi-year vessel deal with Excelerate Energy
https://splash247.com/avenir-seals-multi-year-vessel-deal-with-excelerate-energy/
Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels. The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate’s acquisition of New Fortress Energy’s LNG import and …
https://splash247.com/avenir-seals-multi-year-vessel-deal-with-excelerate-energy/
Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels. The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate’s acquisition of New Fortress Energy’s LNG import and …
Chevron platform fire body count rises to three
https://splash247.com/chevron-platform-fire-body-count-rises-to-three/
Two workers have died from their injuries sustained in a fire on Chevron’s oil platform off Angola on May 20, bringing the total body count to three. The fire broke out in the basement of the Benguela Belize Lobito Tomboco (BBLT) oil platform, while the platform was undergoing scheduled maintenance. The cause of the fire …
https://splash247.com/chevron-platform-fire-body-count-rises-to-three/
Two workers have died from their injuries sustained in a fire on Chevron’s oil platform off Angola on May 20, bringing the total body count to three. The fire broke out in the basement of the Benguela Belize Lobito Tomboco (BBLT) oil platform, while the platform was undergoing scheduled maintenance. The cause of the fire …
Lidl’s Tailwind debuts intra-Asia service
https://splash247.com/lidls-tailwind-debuts-intra-asia-service/
Tailwind Shipping Lines, the containerline founded during the pandemic by the parent of German retailer Lidl, is expanding its footprint by debuting an intra-Asia service, in the process shifting its Asian hub from Colombo to Port Klang. Starting June 17, the Tiger Express Service (TEX) will cast off from Chattogram in Bangladesh every two weeks …
https://splash247.com/lidls-tailwind-debuts-intra-asia-service/
Tailwind Shipping Lines, the containerline founded during the pandemic by the parent of German retailer Lidl, is expanding its footprint by debuting an intra-Asia service, in the process shifting its Asian hub from Colombo to Port Klang. Starting June 17, the Tiger Express Service (TEX) will cast off from Chattogram in Bangladesh every two weeks …
Sanctions still don’t work
https://splash247.com/sanctions-still-dont-work/
Pierre Aury explains why sanctioning Russia is not delivering results. In January 2023, just after the European Union enacted its ninth sanctions package against Russia, we wrote: “This clearly confirms the fact that sanctions tend not to work to disrupt military operations.” After nine packages of sanctions, there was no sign of these sanctions having …
https://splash247.com/sanctions-still-dont-work/
Pierre Aury explains why sanctioning Russia is not delivering results. In January 2023, just after the European Union enacted its ninth sanctions package against Russia, we wrote: “This clearly confirms the fact that sanctions tend not to work to disrupt military operations.” After nine packages of sanctions, there was no sign of these sanctions having …
Noble fixes rig on UK carbon storage project
https://splash247.com/noble-fixes-rig-on-uk-carbon-storage-project/
Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the Northern Endurance Partnership (NEP). The BP-operated NEP is …
https://splash247.com/noble-fixes-rig-on-uk-carbon-storage-project/
Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the Northern Endurance Partnership (NEP). The BP-operated NEP is …
Eni selling nearly half of its carbon capture business to BlackRock’s GIP
https://splash247.com/eni-selling-nearly-half-of-its-carbon-capture-business-to-blackrocks-gip/
Italian giant Eni has signed an agreement to enter into a period of exclusivity with BlackRock’s Global Infrastructure Partners (GIP) regarding the sale of a 49.99% stake in its carbon capture business. During the exclusivity period, GIP will progress the confirmatory due diligence phase and complete the drafting of the documents related to the acquisition …
https://splash247.com/eni-selling-nearly-half-of-its-carbon-capture-business-to-blackrocks-gip/
Italian giant Eni has signed an agreement to enter into a period of exclusivity with BlackRock’s Global Infrastructure Partners (GIP) regarding the sale of a 49.99% stake in its carbon capture business. During the exclusivity period, GIP will progress the confirmatory due diligence phase and complete the drafting of the documents related to the acquisition …
SSY to launch offshore drilling rig business
https://splash247.com/ssy-to-launch-offshore-drilling-rig-business/
UK shipbroking group SSY has revealed that it would be further expanding its offshore offering with the launch of a dedicated rig business later this year. Nicholas Wagner-Larsen, an experienced offshore and rig broker, will join SSY in September to head up the new rig division. He is an offshore specialist who has spent his …
https://splash247.com/ssy-to-launch-offshore-drilling-rig-business/
UK shipbroking group SSY has revealed that it would be further expanding its offshore offering with the launch of a dedicated rig business later this year. Nicholas Wagner-Larsen, an experienced offshore and rig broker, will join SSY in September to head up the new rig division. He is an offshore specialist who has spent his …
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
https://www.hellenicshippingnews.com/engine-europe-africa-bunker-fuel-availability-outlook-185/
Northwest Europe With lead times increased to 7-8 days for all fuel grades in the ARA hub, prompt availability of bunkers remains tight, a trader told ENGINE. The ARA’s independently held fuel oil stocks have averaged 2% greater in May so far compared to April, according to Insights Global data. The region has imported 150,000 ...
https://www.hellenicshippingnews.com/engine-europe-africa-bunker-fuel-availability-outlook-185/
Northwest Europe With lead times increased to 7-8 days for all fuel grades in the ARA hub, prompt availability of bunkers remains tight, a trader told ENGINE. The ARA’s independently held fuel oil stocks have averaged 2% greater in May so far compared to April, according to Insights Global data. The region has imported 150,000 ...
Smart Maritime Council adds emissions data to Standardised Vessel Dataset with Version 2.0 update
https://www.hellenicshippingnews.com/smart-maritime-council-adds-emissions-data-to-standardised-vessel-dataset-with-version-2-0-update/
The Smart Maritime Council has released Version 2.0 of its Standardised Vessel Dataset (SVD), adding support for emissions reporting following the inclusion of new data fields within the IMO Compendium on Facilitation and Electronic Business (IMO Compendium), adopted at the conclusion of the 49th Facilitation Committee meeting (FAL 49) in March. This latest update builds ...
https://www.hellenicshippingnews.com/smart-maritime-council-adds-emissions-data-to-standardised-vessel-dataset-with-version-2-0-update/
The Smart Maritime Council has released Version 2.0 of its Standardised Vessel Dataset (SVD), adding support for emissions reporting following the inclusion of new data fields within the IMO Compendium on Facilitation and Electronic Business (IMO Compendium), adopted at the conclusion of the 49th Facilitation Committee meeting (FAL 49) in March. This latest update builds ...
Bosphorus Strait Vessel Traffic Halted for Transit of Massive LNG Platform
https://shipandbunker.com/news/emea/211212-bosphorus-strait-vessel-traffic-halted-for-transit-of-massive-lng-platform
https://shipandbunker.com/news/emea/211212-bosphorus-strait-vessel-traffic-halted-for-transit-of-massive-lng-platform
The passage of the floating production platform will last for 11 hours.
BUNKER JOBS: FincoEnergies Seeks Bunker Operator in Rotterdam
https://shipandbunker.com/news/emea/526186-bunker-jobs-fincoenergies-seeks-bunker-operator-in-rotterdam
https://shipandbunker.com/news/emea/526186-bunker-jobs-fincoenergies-seeks-bunker-operator-in-rotterdam
The company is looking for candidates with experience in oil, storage and biofuels as well as good Dutch and English.
Crude Futures Jump as US Court Blocks Trump Administration's Tariff Changes
https://shipandbunker.com/news/am/665235-crude-futures-jump-as-us-court-blocks-trump-administrations-tariff-changes
https://shipandbunker.com/news/am/665235-crude-futures-jump-as-us-court-blocks-trump-administrations-tariff-changes
The US Court of International Trade found on Wednesday that the Trump Administration did not have the authority to set tariffs using emergency economic powers legislation.