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Tanker Pablo Explodes in the South China Sea | Rescue Efforts Underway | Ship-To-Ship Transfer?

From www.youtube.com

Tanker Explosion - What's Going on With Shipping?

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses how the Gabon-flagged, Venezuela-registered, unknown-classification society tanker exploded off the coast of Malaysia in the South China Sea on May 1, 2023.

Mike O' Gorman:

Ship to ship oil transfer seems likeliest cause for this explosion

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Houthis Reboot Red Sea Crisis With "Blockade" on Port of Haifa

From maritime-executive.com

Resolving any ambiguity about whether Yemen's Houthi rebels may have agreed to a shipping ceasefire, the group announced Monday that it will begin targeting shipowners who serve the port of Haifa, effective immediately.

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Russian Forces Release Greek Tanker After Brief Detention off Estonia

From maritime-executive.com

Russian authorities have released a Greek tanker that they briefly detained off the coast of Estonia on Sunday. 

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Baltic index down on lower capesize rates

From www.hellenicshippingnews.com

Baltic index down on lower capesize rates.

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ZIM Reports First Quarter Net Income of $296 Million 

From www.hellenicshippingnews.com

ZIM Integrated Shipping Services Ltd. announced its consolidated results for the three months ended March 31, 2025. 

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Port of Antwerp-Bruges launches the Volta 1: Europe’s first electric tugboat 

From www.hellenicshippingnews.com

Yesterday, Port of Antwerp-Bruges is launching the Volta 1, Europe’s first fully electric tugboat. 

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Tanker Market Improved During April

From www.hellenicshippingnews.com

The tanker market showed renewed growth during April, OPEC said in its latest monthly report. Dirty tanker spot freight rates broadly improved m-o-m in April, with VLCC rates supported by expected higher tonnage demand out of the Middle East.

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NTSB Investigates Fatal Mexican Tall Ship Allision with Brooklyn Bridge

From gcaptain.com

The National Transportation Safety Board (NTSB) has initiated an investigation into the Mexican Navy training vessel Cuauhtémoc’s allision with the Brooklyn Bridge that resulted in two fatalities.

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Port of San Juan's Mystery Spill Returns

From maritime-executive.com

The long-running mystery spill at the Port of San Juan is back, but this time, the Coast Guard has found the culprit and implemented a solution.

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Seaspan back at Hudong-Zhonghua for 8,300 teu series

From splash247.com

Seaspan has put pen to paper on more containership newbuilds at China’s Hudong-Zhonghua Shipbuilding. 

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KMTC returns to the transpacific after 40-year absence

From splash247.com

Korea Marine Transport Co (KMTC) is rejoining the suddenly booming transpacific container trades after a 40-year absence.  

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Japan unveils ports decarbonisation plan

From splash247.com

Japan’s Ports and Harbours Bureau at the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has plans to achieve carbon net zero by 2050 at all Japanese ports via a new Carbon Neutral Ports (CNP) initiative backed by a CNP certification process.

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Why shipping can’t wait for another cybersecurity crisis

From splash247.com

Julian Panter, CEO of SmartSea, writes for Splash today. With recent cyberattacks crippling major retailers and exposing the personal data of millions, cybersecurity is once again front-page news. 

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CMA CGM revenue hits $13.3 billion in Q1 2025

From www.porttechnology.org

The CMA CGM Board has reviewed its Q1 2025 results, reporting robust performance driven by key investments.

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MSC invests in Ukrainian inland logistics

From splash247.com

Swiss-based Medlog, a growing inland cargo business of the world’s largest liner, Mediterranean Shipping Co (MSC), has made its entry into Ukrainian logistics. 

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Lamprell pens wind installation vessel deal with Dong Fang Offshore

From splash247.com

UAE-based fabricator Lamprell has signed a memorandum of understanding with Taiwanese owner and operator Dong Fang Offshore for a newbuild wind turbine installation and maintenance vessel. 

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Norway Launches Floating Offshore Wind Tender

From gcaptain.com

Norway has launched the first part of its long-awaited inaugural floating wind tender, it said on Monday, offering subsidies to the winners despite the challenges faced by the global offshore wind industry.

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Carbon charges add little in consumer costs

From www.seatrade-maritime.com

Green cost premium for intermediate goods will be less pronounced for consumer goods, says Energy Transitions Commission.

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APM Terminals Brazil renews Pecem operating licence, announces expansion

From www.seatrade-maritime.com

APM Terminals Pecém has announced the renewal of its operating license for an additional 15 years, extending its presence at the Port of Pecém from 2034 to 2049, renewing the company's commitment to the economic and logistical development of the state of Ceará and the broader Northeast region of Brazil.

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EU Likely to Propose to G7 Lowering Price Cap on Russian Oil to $50 per Barrel

From gcaptain.com

The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday.

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India accounts for 40% of global steel capacity in development, 57% of new coal-based projects

From energy.economictimes.indiatimes.com

The report, based on the Global Iron and Steel Tracker, shows that India is currently responsible for 352 million tonnes per annum (mtpa) of developing steel capacity. In contrast, China, which led in past decades, accounts for 140 mtpa.

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Crude oil output drops 3.1% in Apr; net oil import bill at $11.4 bn

From energy.economictimes.indiatimes.com

Oil and Natural Gas Corporation (ONGC) produced 1.5 MMT, Oil India Ltd (OIL) produced 0.3 MMT, while fields under production sharing and revenue sharing contracts (PSC/RSC) produced 0.5 MMT during the month.

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LDC inaugurates feed lecithin line in China

From www.world-grain.com

Tianjin facility expansion addresses global demand for specialty ingredient
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Feed Ops: Staying vigilant against ASF

From www.world-grain.com

US taking measures to keep the swine virus outside its borders
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US wheat landed costs drop year over year in first quarter

From www.world-grain.com

Lower farm values, ocean freight rates drove decrease
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CORE POWER: Can we really put a nuclear reactor on a ship?

From www.linkedin.com

It’s a question we hear a lot — and for good reason. For decades, nuclear propulsion has been limited to submarines and naval vessels.

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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