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Mercuria and ETA Shipping link up for newbuild series in China

From splash247.com

Swiss trader Mercuria and Dutch ETA Shipping have teamed up to build up to 16 low-emission multipurpose general cargo ships in China. A joint venture will see the construction of six initial ÈTA 6700 vessels at Taizhou Sanfu Ship Engineering, with the first delivery expected in 2025. The ships will be owned by Mare Balticum, …
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Russian Drones Damage Tanker During Attack on Oil Terminal in Izmail

From maritime-executive.com

Russia appears to have intensified its attacks on the Ukrainian fuel logistics infrastructure with a series of attacks, including targeting the largest terminal in southern Ukraine. 

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Top maritime news stories for week ended 22 August

From www.seatrade-maritime.com

Catch up on the week's top maritime and shipping news stories with Seatrade Maritime News Editor Marcus Hand.

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US Treasury targets Greek shipbroker in latest Iran sanctions

From www.seatrade-maritime.com

Greek national Antonios Margaritis and companies owned by him are among expanded sanctions on Iran by US OFAC.

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FuelEU penalties to top $1 billion this year

From www.seatrade-maritime.com

Penalties associated with the FuelEU regulation alone will top $1.1 billion this year according to a study completed by Ahti Pool, a Finnish company looking to mitigate the costs of climate regulations on shipping.

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U.S. and UK Each Launch Sanctions on Facilitators of Iranian Oil Trade

From maritime-executive.com

On the same day, the United States and the United Kingdom each announced moves sanctioning more facilitators of the Iranian oil trade. 

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Lower capesize rates drag Baltic index to over 1-month low 

From www.hellenicshippingnews.com

Lower capesize rates drag Baltic index to over 1-month low.

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Royal Navy Tracks Russian Destroyer Through the English Channel

From maritime-executive.com

The Royal Navy has tracked a Russian destroyer and two accompanying vessels through the English Channel, its latest mission to keep an eye on Russia's frequent naval movements in British waters.

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OOCL warns on US port charges impact, market uncertainty

From www.seatrade-maritime.com

Reporting its first half earnings for 2025 Orient Overseas (International) Ltd (OOIL), owner of Orient Overseas Container Line (OOCL) said that currently the major long-haul trades were nearly fully loaded.

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Greek shipbroker the main focus of latest US sanctions against Iran

From splash247.com

A Greek shipbroker has been the focus of the latest sanctions from the US aimed at stifling Iranian oil exports. 

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Saturation Diving Begins Effort to Remove Fuel from MSC Elsa 3 Casualty

From maritime-executive.com

Salvage efforts at the wreck site of the casualty MSC Elsa 3 have moved into a critical phase, reports India’s Directorate General of Shipping.

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Panama Canal Approves $5.2 Billion Budget For 2026, Declares Río Indio Project Public Interest

From www.marineinsight.com

The Cabinet Council of Panama has approved the proposed budget of the Panama Canal for fiscal year 2026, setting it at B/.5.2072 billion.

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Semi-Autonomous Barge Spills Fuel on Belgium's Albert Canal

From maritime-executive.com

A semi-autonomous barge has spilled fuel oil into a canal near Antwerp, prompting a cleanup operation and temporarily shutting down marine traffic on the waterway. 

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Chinese-Born U.S. Navy Sailor Convicted of Selling Secrets

From maritime-executive.com

On Wednesday, a court in California convicted a U.S. Navy sailor on charges of selling military secrets to China at a bargain price.  

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Turkey Bars Ships with Ties to Israel and Suspends All Trade

From maritime-executive.com

The Turkish government has reportedly taken steps to suspend trade with Israel and stop the movement of ships between the two countries, as well as possibly international shipping with an Israeli connection. 

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Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai

From splash247.com

Bill Gates, in his role as founder of TerraPower, met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. 

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Taking a reality check on shipping’s digitalisation

From splash247.com

Vlassis Papapanagis, chief commercial officer at Tototheo Global, writes for Splash today.

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Navios Partners picks up two resale LR2s in $133m deal

From splash247.com

Greece’s Navios Maritime Partners has confirmed the acquisition of two scrubber-fitted aframax/LR2 tanker resales, lifting its orderbook in the segment to 12 vessels.

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Nigerian tanker buyers step up with trio of summer deals

From splash247.com

Nigerian tanker buyers have stepped up their activity this summer, snapping up three ships from June onwards — more than doubling their deal count for the year, according to data from VesselsValue. 

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North Korean Leader Kim Calls For Rapid Nuclearisation Of Navy

From www.marineinsight.com

Kim called the intensified military cooperation between Washington and Seoul “the most obvious manifestation of their will to ignite a war.

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China Solar Farm: China races to build world's largest solar farm to meet emissions targets

From energy.economictimes.indiatimes.com

China Solar Farm: China's carbon emissions show signs of decline, potentially peaking before the 2030 target, driven by massive solar installations, including a massive solar farm on the Tibetan plateau.

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IGC sees corn output spiking on increased US production 

From www.world-grain.com

Council forecasts 5% increase over last year’s record 
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Despite flooding, global weather improves

From www.world-grain.com

Commodity futures trade reflects the change
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Port of Santos container volumes up 7.9%

From www.seatrade-maritime.com

The Port of Santos handled 534,700 teu in July 2025, an increase of 8.5% over the same month last year, according to a study by the Santos Port Authority (APS).  

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China Coast Guard Up-Guns its Presence at Scarborough Shoal

From maritime-executive.com

The China Coast Guard has up-gunned its patrol forces at Scarborough Shoal after a series of high-profile security developments at the reef, including an embarrassing collision between a Chinese PLA Navy warship and a China Coast Guard cutter earlier this month. 

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Navy Fighter Pilot Rescued From the Sea Off Virginia

From maritime-executive.com

On Wednesday morning, a U.S. Navy strike fighter went down during a routine training flight off the coast of Virginia, and the pilot was rescued from the sea after spending about an hour in the water.

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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