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Tariffs and trade agreements are a complex subject and going down the rabbit hole can result in endless and ultimately pointless discussions. Strangely, tariffs and trade agreements are simply a game that ideally is beneficial to all and has no true winners and losers.
https://www.marinelink.com/news/turn-international-trade-a-zero-sum-game-525964
https://www.marinelink.com/news/turn-international-trade-a-zero-sum-game-525964Norwegian shipowners agree: the obsession with new fuels is eliding a valuable discussion of the potential of fuel efficiency. The Aurora-class has enabled Höegh Autoliners to reduce emissions by around 58% per car carried, “before we even use low carbon fuels,” CEO Andreas Enger said.
https://www.marinelink.com/news/save-planet-change-ships-light-bulbs-keep-525965
https://www.marinelink.com/news/save-planet-change-ships-light-bulbs-keep-525965Fortescue’s Green Pioneer, billed as the world’s first ammonia dual-powered vessel, left Singapore in January of this year on voyage past the Cape of Good Hope en route initially to Southampton, both for Port State Control and to demonstrate…
https://www.marinelink.com/news/fortescue-green-pioneer-proving-ground-525966
https://www.marinelink.com/news/fortescue-green-pioneer-proving-ground-525966Iron ore futures prices inched up on Tuesday amid resilient near-term demand for the steelmaking ingredient, though gains were limited by subdued economic data from top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.28% higher at 725 yuan ($100.39) a metric ton. The benchmark ...
https://www.hellenicshippingnews.com/iron-ore-edges-higher-on-resilient-demand-soft-china-data-caps-gains/Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors (“the Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Management Commentary Dr. Loukas Barmparis, President of the ...
https://www.hellenicshippingnews.com/safe-bulkers-inc-reports-lower-first-quarter-2025-results-as-dry-bulk-market-softened/In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rapidly ageing fleet, clear incentives for renewal are often still absent. How is this trend likely to evolve? ...
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, inched lower on Tuesday due to weaker demand for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, to 1,340. The capesize index was down 25 ...
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage above 50%. In total, the deal is expected to generate …
https://splash247.com/petrobras-pens-epci-deal-with-subsea-7-worth-nearly-1-5bn/
https://splash247.com/petrobras-pens-epci-deal-with-subsea-7-worth-nearly-1-5bn/Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine. The engine, rated at 82,440kW at 80rpm, is currently being built by Chinese licensee CSSC-MES Diesel. This will be the first engine of 12 bound for a series of a dozen 24,000 teu container vessels currently under construction – seven …
https://splash247.com/man-energy-solutions-reveals-worlds-most-powerful-methanol-engine/
https://splash247.com/man-energy-solutions-reveals-worlds-most-powerful-methanol-engine/The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British sanctions against Russia. Last year, Financial Times uncovered how Russian oil producer …
https://splash247.com/uk-slaps-sanctions-on-british-ship-finance-veteran-over-shadow-fleet-deals/
https://splash247.com/uk-slaps-sanctions-on-british-ship-finance-veteran-over-shadow-fleet-deals/