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The US has escalated its crackdown on Iran’s shadow oil trade, unveiling a sweeping set of sanctions against dozens of entities and vessels linked to the illicit transportation and sale of billions of dollars’ worth of Iranian oil, some of which has directly benefited the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). The Office of Foreign …
https://splash247.com/us-unveils-another-sweeping-package-of-sanctions-aimed-at-iran/
https://splash247.com/us-unveils-another-sweeping-package-of-sanctions-aimed-at-iran/Donald Trump’s so-called big beautiful bill, a signature legislative package, which has just passed both the US House of Representatives and Senate, contains significant provisions aimed at revitalising American shipbuilding and the broader maritime industrial base. The bill allocates substantial funding and introduces new initiatives with a focus on national security and domestic manufacturing. The …
Compared to almost every other week of 2025, from a shipping news/geopolitical point of view this week has been comparatively calm. Nevertheless, the word Trump featured in more Splash headlines than any other word once again. The big news at the start of the week came from Paris with one of the most famous names …
https://splash247.com/splash-wrap-trump-leads-headlines-in-a-calmer-week-for-shipping/
https://splash247.com/splash-wrap-trump-leads-headlines-in-a-calmer-week-for-shipping/A series of suspected limpet mine attacks and unexplained blasts targeting commercial tankers in the Mediterranean has reignited concern over the evolving nature of maritime threats. “These incidents – marked by stealth, ambiguity, and geopolitical undertones – signal a shift in the maritime risk landscape that demands a recalibration of both operational vigilance and strategic …
https://splash247.com/limpet-mine-threat-in-the-mediterranean-grows/
https://splash247.com/limpet-mine-threat-in-the-mediterranean-grows/The International Transport Workers’ Federation (ITF) has voiced its concern this week to the Joint Negotiating Group (JNG), which represents maritime employers, regarding the Strait of Hormuz, Gulf of Oman and Israeli ports and asked that these areas be designated as Warlike Operations Areas (WOA). The move would give seafarers the right to refuse to …
https://splash247.com/itf-pushes-for-warlike-status-in-gulf-hotspots/
https://splash247.com/itf-pushes-for-warlike-status-in-gulf-hotspots/Iron ore futures rose to a more than one-month high on Thursday, supported by China’s renewed push to curb low-price competition and cut excess industrial capacity. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended 2.45% higher at 733 yuan ($102.33) a metric ton – a peak since May 16. The ...
https://www.hellenicshippingnews.com/iron-ore-rises-to-over-one-month-high-as-china-targets-overcapacity/In our recent report on how bauxite exports from Guinea are driving capesize demand, we explored how surging demand for bauxite from China has led to the aluminium ore overtaking coal as the second-largest capesize-shipped product. This report provides an update and gives a short-term outlook on how the wet season on Africa’s West coast ...
https://www.hellenicshippingnews.com/wet-season-affecting-capesize-demand-from-west-africa/
https://www.hellenicshippingnews.com/wet-season-affecting-capesize-demand-from-west-africa/The Baltic Exchange’s main sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the seventh straight session on Thursday, weighed down by lower demand for capesize vessels. The main index dropped to its lowest point since June 3, shedding 9 points, or 0.6%, to 1,434 points. The capesize index slipped ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-seventh-straight-day-on-weaker-capesize-rates/Seaborne trade flows are expected to be reshaped, due to China’s and India’s shift towards higher-grade coal imports. In its latest weekly report, shipbroker Xclusiv said that “China’s domestic steel demand continues to experience a marked downturn, deepening concerns over the near-term outlook for the world’s largest steel market. Data from May 2025 indicate a ...
https://www.hellenicshippingnews.com/dry-bulk-market-coal-flows-to-be-reshaped/
https://www.hellenicshippingnews.com/dry-bulk-market-coal-flows-to-be-reshaped/Malaysian offshore marine support services firm Perdana Petroleum has won a new contract for the charter of an anchor handling tug and supply (AHTS) vessel. The contract was awarded to its wholly owned subsidiary, Perdana Nautika, and will last for 120 days. The identity of the client was left undisclosed due to confidentiality clauses. The …
https://splash247.com/perdana-petroleum-wins-anchor-handler-work/
https://splash247.com/perdana-petroleum-wins-anchor-handler-work/