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Greek ship financing has been on the rise, with Petrofin Research’s latest annual report, showing strong growth in figures.
The EU and UK on May 20 confirmed fresh rounds of sanctions on Russia to undermine its war chest against Ukraine, putting over 200 ships on their blacklists and suggesting the G7 price cap could be lowered in the future.
From eur-lex.europa.eu
Official Journal of the European Union EN L series 2025/932 20.5.2025 COUNCIL REGULATION (EU) 2025/932 of 20 May 2025 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine.
The European Union moved forward yesterday with what it called “the most wide-sweeping” sanctions package on Russia since the start of the war in Ukraine and targeted the oil and gas industry.
From splash247.com
The shipping situation in the Baltic is tense with Russia trading barbs with its neighbours and militaries getting involved.
Baltic index falls to near one-week low Baltic index falls to near one-week low in Dry Bulk Market.
From splash247.com
The Federal Maritime Commission (FMC) is conducting a nonadjudicatory investigation to examine whether the vessel flagging laws, regulations, or practices of certain foreign governments create unfavourable shipping conditions in the foreign trade of the US.
The European Council and European Parliament reached a provisional political agreement designed to enhance the mission statement of the European Maritime Safety Agency (EMSA).
On Tuesday, investigators from the National Transportation Safety Board met for the first time with their Mexican counterparts aboard the Mexican Navy sail training ship Cuauhtémoc, which struck the Brooklyn Bridge at six knots on Saturday night.
The Secretary General of the United Nations opened a day-long session of the Security Council discussing maritime security by calling for a greater respect for international law.
From splash247.com
Damen Compact Crafts (DCCr), part of the Damen Shipyards Group, and high-tech company CEAD are launching a collaboration to develop a 3D-printed workboat, exploring the potential of large-format 3D printing in shipbuilding.
From splash247.com
A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage.
From splash247.com
\Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa.
From splash247.com
Midline Shipping has been established, a Dubai-headquartered shipowner set to offer regular services in the Mediterranean.
Ship to shore (STS) cargo handling cranes- where China’s Shanghai Zhenhua Heavy Industries (ZPMC) has had a seeming lock on the marketplace were the subject of hearings this week at the United States Trade Representative (USTR), the same agency recently in the news with the imposition of fees on Chinese controlled ships inbound to ports in the States.
Despite sanctions by the US, EU and UK, export of Russian oil is allowed by G7 nations at a price cap of $60 per barrel keeping oil flowing where its needed, but at the same time cutting funding to Russia's war effort in Ukraine.
CMB.Tech announced a $40.4m profit for the first quarter of 2025, as fortunes varied across its spread of market segments.
A consortium based in the UK is working on the designs for a new segment of the shipping industry specifically designed to support floating offshore wind installations.
Secretary of Homeland Security Kristi Noem has signed off on a revamp of the U.S. Coast Guard's management structure, starting with a long-discussed plan to hire a service secretary for USCG headquarters.
The California Maritime Academy is set to become Cal Poly Maritime in the merging of two of California’s academic institutions.
Reliance Industries: India's Russian crude oil imports are set to reach a 10-month high in May, nearing 1.8 million barrels per day, driven by increased demand for lighter grades like ESPO Blend.
From www.world-grain.com
Report: Lack of rain after frost threatens yields
From www.world-grain.com
Industry will continue down path of providing nutrient-dense flour from wheat, other grains
From www.world-grain.com
Visit gains insights, shares opportunities for feed grains, co-products
India, which ranks as the world’s third-largest oil importer, currently has just 5% of its tanker fleet built domestically.
