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Shipping historians covering the International Maritime Organisation (IMO) would need to go back more than 40 years to a comparable setback to what played out on Friday and the downing of the Net-Zero Framework (NZF). Friday saw member states vote for a one-year delay in the NZF, throwing shipping’s path towards decarbonisation into considerable doubt. …
https://splash247.com/imo-fracture-deepens-global-climate-fault-lines-in-shipping/
https://splash247.com/imo-fracture-deepens-global-climate-fault-lines-in-shipping/U.S. forces attacked a vessel associated with a Colombian leftist rebel group, Defense Secretary Pete Hegseth said on Sunday, the same day President Donald Trump called Colombian President Gustavo Petro an "illegal drug leader" and said payments…
https://www.marinelink.com/news/us-says-hit-colombian-rebel-vessel-531258
https://www.marinelink.com/news/us-says-hit-colombian-rebel-vessel-531258The European Union's diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia's "shadow fleet" of oil tankers, an EEAS document shows.Beefing…
https://www.marinelink.com/news/eu-seeks-maritime-declaration-inspect-531259
https://www.marinelink.com/news/eu-seeks-maritime-declaration-inspect-531259The LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the vessel, the European Union's naval force Aspides said in a statement.The…
https://www.marinelink.com/news/lpgladen-tanker-fire-off-yemen-531260
https://www.marinelink.com/news/lpgladen-tanker-fire-off-yemen-531260A migrant boat carrying around 35 people sailing from Libya capsized in the central Mediterranean leaving one confirmed dead and two dozen missing, UNICEF country coordinator for Italy said on Sunday.The rescue operation was carried out on Friday off the coast of Italy's Lampedusa Island by the Ital
https://www.marinelink.com/news/one-dead-dozens-missing-migrant-boat-531261
https://www.marinelink.com/news/one-dead-dozens-missing-migrant-boat-531261Bloomberg reports that, ahead of Friday’s vote at the IMO, Andrew Forrest, the billionaire founder and chair of Fortescue Metals Group, decried what he said were “intimidatory tactics” impacting delegates’ ability to vote their conscience.“As a global industrialist and philanthropist…
https://www.marinelink.com/news/imo-adjourns-industry-responds-531262
https://www.marinelink.com/news/imo-adjourns-industry-responds-531262China has yet to secure much of its soybean supply for December and January as high premiums for Brazilian cargoes discourage buyers, a development that could prompt Beijing to tap state reserves to meet near-term needs, three trade sources said. China still needs to purchase about 8–9 million metric tons of soybeans for December-January shipment ...
https://www.hellenicshippingnews.com/china-holds-off-on-soybean-purchases-due-to-high-brazil-premiums-traders-say/Capesize The Capesize market experienced a volatile week marked by sharp swings in sentiment and rates following China’s announcement of new port fees on U.S. linked vessels. Early gains, driven by speculation over potential inefficiencies, quickly reversed as clarity emerged that Chinese-built tonnage would be exempt, triggering a sharp midweek correction. The Pacific market saw ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-had-a-volatile-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-had-a-volatile-week/Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed owner confirmed the sale and delivery of two 2005-built panamax bulkers of …
https://splash247.com/navios-partners-nets-69m-from-vessel-sales-as-it-boosts-charter-cover/
https://splash247.com/navios-partners-nets-69m-from-vessel-sales-as-it-boosts-charter-cover/US classification society ABS has agreed to acquire the MetaSHIP training and simulation platform from Orka Informatics, following in the footsteps of its UK peer Lloyd’s Register, which bought Ocean Technologies Group (OTG) in late 2024. The move marks another major step by a leading class society into immersive digital learning as the industry looks …
https://splash247.com/abs-buys-metaship-in-digital-training-push/
https://splash247.com/abs-buys-metaship-in-digital-training-push/