Related StoriesDaily Briefing 5 June 2025 (https://www.lloydslist.com/LL1152044/Daily%20Briefing%205%20June%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Shipping should worry about the economy, not geopolitics (https://www.lloydslist.com/LL1153751/Shipping%20should%20worry%20about%20the%20economy%20not%20geopolitics?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)European banks positioning themselves to capitalise on Chinese leasing exits (https://www.lloydslist.com/LL1153753/European%20banks%20positioning%20themselves%20to%20capitalise%20on%20Chinese%20leasing%20exits?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Northern Europe port congestion to last until at least August
https://www.lloydslist.com/LL1153750/Northern%20Europe%20port%20congestion%20to%20last%20until%20at%20least%20August?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Northern Europe’s container ports are still experiencing significant congestion, with carriers adjusting services to avoid the worst-affected locations. Rotterdam, Antwerp...
https://www.lloydslist.com/LL1153750/Northern%20Europe%20port%20congestion%20to%20last%20until%20at%20least%20August?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Northern Europe’s container ports are still experiencing significant congestion, with carriers adjusting services to avoid the worst-affected locations. Rotterdam, Antwerp...
Related StoriesRecord number of LR2s trading dirty, yet product tanker rates still tepid (https://www.lloydslist.com/LL1153756/Record%20number%20of%20LR2s%20trading%20dirty%20yet%20product%20tanker%20rates%20still%20tepid?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Palmali v Litasco ruling shows deals must be realistic (https://www.lloydslist.com/LL1153748/Palmali%20v%20Litasco%20ruling%20shows%20deals%20must%20be%20realistic?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Dual-fuel vessel deliveries set to peak in 2025, led by containerships and vehicle carriers (https://www.lloydslist.com/LL1153740/Dualfuel%20vessel%20deliveries%20set%20to%20peak%20in%202025%20led%20by%20containerships%20and%20vehicle%20carriers?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Palmali v Litasco ruling shows deals must be realistic
https://www.lloydslist.com/LL1153748/Palmali%20v%20Litasco%20ruling%20shows%20deals%20must%20be%20realistic?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
‘The key question was whether the contract was valid or not. The court decided it was not valid,’ said Craig...
https://www.lloydslist.com/LL1153748/Palmali%20v%20Litasco%20ruling%20shows%20deals%20must%20be%20realistic?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
‘The key question was whether the contract was valid or not. The court decided it was not valid,’ said Craig...
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EU under pressure to scrap green regulations
https://www.lloydslist.com/LL1153752/EU%20under%20pressure%20to%20scrap%20green%20regulations?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The EU is under pressure to scrap or align its ETS and FuelEU regulations to avoid double-taxing shipping once the...
https://www.lloydslist.com/LL1153752/EU%20under%20pressure%20to%20scrap%20green%20regulations?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
The EU is under pressure to scrap or align its ETS and FuelEU regulations to avoid double-taxing shipping once the...
Related StoriesNorthern Europe port congestion to last until at least August (https://www.lloydslist.com/LL1153750/Northern%20Europe%20port%20congestion%20to%20last%20until%20at%20least%20August?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Euroseas says 20-year-old boxship sets new high with three-year charter (https://www.lloydslist.com/LL1153749/Euroseas%20says%2020-year-old%20boxship%20sets%20new%20high%20with%20three-year%20charter?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Date set for Solong manslaughter trial (https://www.lloydslist.com/LL1153747/Date%20set%20for%20Solong%20manslaughter%20trial?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)
Crewing in the digital age
https://splash247.com/crewing-in-the-digital-age/
In the latest instalment from Ship Concept 2035, our brand new magazine, Splash reporters detail a recent, pertinent workshop at Geneva Dry. Starting off the 2025 edition of the world’s leading commodities shipping event, Geneva Dry, was a specialist workshop sponsored by Inmarsat exploring how connectivity at sea drives digitalisation, decarbonisation and particularly crew welfare. …
https://splash247.com/crewing-in-the-digital-age/
In the latest instalment from Ship Concept 2035, our brand new magazine, Splash reporters detail a recent, pertinent workshop at Geneva Dry. Starting off the 2025 edition of the world’s leading commodities shipping event, Geneva Dry, was a specialist workshop sponsored by Inmarsat exploring how connectivity at sea drives digitalisation, decarbonisation and particularly crew welfare. …
Fertilizer imports in Brazil rise to a five-year high in Jan-April amid its weakest season
https://www.hellenicshippingnews.com/fertilizer-imports-in-brazil-rise-to-a-five-year-high-in-jan-april-amid-its-weakest-season/
Brazil imported 11.54 million mt of fertilizers between January and April 2025, up 13% year over year and the highest recorded for this period in five years, driven by purchases intended for winter crops and anticipating the next harvest, according to Brazil’s official Logistics Bulletin. According to historical data, the first four months of the ...
https://www.hellenicshippingnews.com/fertilizer-imports-in-brazil-rise-to-a-five-year-high-in-jan-april-amid-its-weakest-season/
Brazil imported 11.54 million mt of fertilizers between January and April 2025, up 13% year over year and the highest recorded for this period in five years, driven by purchases intended for winter crops and anticipating the next harvest, according to Brazil’s official Logistics Bulletin. According to historical data, the first four months of the ...
Canada’s crude exports to U.S. by pipelines down nearly 10 pct
https://www.hellenicshippingnews.com/canadas-crude-exports-to-u-s-by-pipelines-down-nearly-10-pct/
Canada’s exports of crude oil to the United States by pipelines were down 9.5 percent in March, Statistics Canada said on Monday. According to the national statistical agency, exports of crude oil were down 1.1 percent year over year to 20.2 million cubic meters in March due to lower volumes shipped to the United States. ...
https://www.hellenicshippingnews.com/canadas-crude-exports-to-u-s-by-pipelines-down-nearly-10-pct/
Canada’s exports of crude oil to the United States by pipelines were down 9.5 percent in March, Statistics Canada said on Monday. According to the national statistical agency, exports of crude oil were down 1.1 percent year over year to 20.2 million cubic meters in March due to lower volumes shipped to the United States. ...
Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost
https://www.hellenicshippingnews.com/saudi-arabia-cuts-july-oil-prices-for-asia-to-nearly-4-year-low-after-opec-supply-boost/
Saudi Arabia, the world’s biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ ...
https://www.hellenicshippingnews.com/saudi-arabia-cuts-july-oil-prices-for-asia-to-nearly-4-year-low-after-opec-supply-boost/
Saudi Arabia, the world’s biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ ...
Russia’s oil and gas budget revenue falls by more than a third in May
https://www.hellenicshippingnews.com/russias-oil-and-gas-budget-revenue-falls-by-more-than-a-third-in-may/
Russia’s oil and gas revenue fell by 35% year-on-year in May to 512.7 billion roubles ($6.55 billion), data from the finance ministry showed on Wednesday, as weakening oil prices and sanctions weighed on the country’s economy. Russia needs higher oil prices to balance its budget and fund its military operation in Ukraine. Sources with knowledge ...
https://www.hellenicshippingnews.com/russias-oil-and-gas-budget-revenue-falls-by-more-than-a-third-in-may/
Russia’s oil and gas revenue fell by 35% year-on-year in May to 512.7 billion roubles ($6.55 billion), data from the finance ministry showed on Wednesday, as weakening oil prices and sanctions weighed on the country’s economy. Russia needs higher oil prices to balance its budget and fund its military operation in Ukraine. Sources with knowledge ...
Middle East Crude-Benchmarks decline, Dubai hits one-week low
https://www.hellenicshippingnews.com/middle-east-crude-benchmarks-decline-dubai-hits-one-week-low/
Middle East crude benchmarks Oman, Dubai and Murban fell on Wednesday amid expectations of higher supply, with that of Dubai hitting its lowest level in more than a week. The unwinding of 411,000 barrels per day (bpd) in July by OPEC+ states and the outlook of the group to continue to hike production have been ...
https://www.hellenicshippingnews.com/middle-east-crude-benchmarks-decline-dubai-hits-one-week-low/
Middle East crude benchmarks Oman, Dubai and Murban fell on Wednesday amid expectations of higher supply, with that of Dubai hitting its lowest level in more than a week. The unwinding of 411,000 barrels per day (bpd) in July by OPEC+ states and the outlook of the group to continue to hike production have been ...
US crude stockpiles fall, fuel builds as refiners hike output, EIA says
https://www.hellenicshippingnews.com/us-crude-stockpiles-fall-fuel-builds-as-refiners-hike-output-eia-says/
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May 30, the ...
https://www.hellenicshippingnews.com/us-crude-stockpiles-fall-fuel-builds-as-refiners-hike-output-eia-says/
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May 30, the ...
Burning Car Carrier Abandoned off Alaska
https://www.marinelink.com/news/burning-car-carrier-abandoned-off-alaska-526499
The crew of a ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday.The 22 crew members were safely evacuated from the ship after they failed to put out the fire…
https://www.marinelink.com/news/burning-car-carrier-abandoned-off-alaska-526499
The crew of a ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday.The 22 crew members were safely evacuated from the ship after they failed to put out the fire…
Norwegian Owners’ Commitment to Maritime Safety and Life at Sea Honored by ABS at AMVER Awards Ceremony
https://www.hellenicshippingnews.com/norwegian-owners-commitment-to-maritime-safety-and-life-at-sea-honored-by-abs-at-amver-awards-ceremony/
ABS continued its long-standing support for the AMVER Awards by sponsoring a ceremony recognizing the contribution of Norwegian owners to the unique AMVER reporting system that supports search and rescue efforts for distress calls at sea. The event honored 259 vessels from 24 Norwegian shipowners and operators, who were awarded diplomas for their role in ...
https://www.hellenicshippingnews.com/norwegian-owners-commitment-to-maritime-safety-and-life-at-sea-honored-by-abs-at-amver-awards-ceremony/
ABS continued its long-standing support for the AMVER Awards by sponsoring a ceremony recognizing the contribution of Norwegian owners to the unique AMVER reporting system that supports search and rescue efforts for distress calls at sea. The event honored 259 vessels from 24 Norwegian shipowners and operators, who were awarded diplomas for their role in ...