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India’s coal imports witnessed a sharp decline of 9.2 per cent during the April 2024 to February 2025 period, totaling 220.3 million tonnes (MT), down from 242.6 MT in the same period the previous fiscal year. This significant reduction translated into foreign exchange savings of approximately USD 6.93 billion (RS 53,137.82 crore), signaling a major ...
https://www.hellenicshippingnews.com/india-cuts-coal-imports-by-over-9-in-fy25-saving-usd-6-93-billion-in-forex/Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2025 and the amendment of its dividend policy to pay a minimum quarterly dividend of $0.05 per share. Unless ...
https://www.hellenicshippingnews.com/star-bulk-carriers-corp-reports-net-profit-of-0-5-million-for-the-first-quarter-of-2025-and-declares-quarterly-dividend-of-0-05-per-share/Offshore support vessel owner Tidewater has bagged a charter deal for its platform supply vessel Troms Lyra in Norway. Offshore shipbrokers stated the 2013 Vard-built PSV won a fixture for around 100 days with Spirit Energy. It will provide supply duties for the plug and abandonment jackup rig Well-Safe Protector. Well-Safe Solutions was awarded two contracts …
https://splash247.com/tidewater-scores-psv-work-with-spirit-energy/
https://splash247.com/tidewater-scores-psv-work-with-spirit-energy/Singapore-based offshore service provider Megamas Resources has signed a letter of intent with German yard Lloyd Werft Bremerhaven to begin advanced discussions for the potential construction of a new multi-purpose cable laying vessel with an option for a second unit. Megamas said that the project, being done in partnership with Crewstone International Private Equity and …
https://splash247.com/megamas-taps-german-shipyard-for-cable-layer-construction/
https://splash247.com/megamas-taps-german-shipyard-for-cable-layer-construction/The scale of the training challenge is well-known and new approaches are emerging to meet it, writes Jennifer Harrison, vice president of ABS Training Solutions. Decarbonisation and digitalisation present a decades-long challenge to the shipping industry and there is a growing realisation that their impact will be felt most keenly by the people on whom …
https://splash247.com/beyond-the-certificate-using-technology-to-build-and-assess-competence/
https://splash247.com/beyond-the-certificate-using-technology-to-build-and-assess-competence/The Digital Container Shipping Association (DCSA) has provided details of the world’s first successful standards-based, interoperable electronic bill of lading (eBL) transaction, something the organisation claims marks a “significant advancement toward secure, scalable, and truly paperless global trade”. Despite the availability of digital alternatives for years, eBL adoption has remained constrained by platform fragmentation. The …
https://splash247.com/hmm-celebrates-landmark-electronic-bill-of-lading-transaction/
https://splash247.com/hmm-celebrates-landmark-electronic-bill-of-lading-transaction/The Syrian government and DP World have signed a memorandum of understanding worth $800m to develop Syria’s port of Tartous. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. Syria is seeking to attract foreign investments to boost its struggling economy, and the …
https://splash247.com/dp-world-invests-in-syria/
https://splash247.com/dp-world-invests-in-syria/Saudi Arabian liner newcomer Folk Maritime is pressing ahead with fleet expansion by adding three more vessels. The Riyadh-based feeder owner and operator, led by former Hamburg Süd boss Poul Hestbaek, has acquired the 702 teu Folk Yanbu, 1,118 teu Folk Jubail and the 1,868 teu Folk Dammam, taking its owned fleet to five ships. …
https://splash247.com/saudi-liner-folk-maritime-grows-fleet-with-triple-acquisition/
https://splash247.com/saudi-liner-folk-maritime-grows-fleet-with-triple-acquisition/Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes. As well as meeting with government officials, Greer sat down with HD Hyundai vice chairman Chung Ki-sun with the pair discussing his shipyard’s …
https://splash247.com/hd-hyundai-pitches-port-cranes-to-us-trade-representative/
https://splash247.com/hd-hyundai-pitches-port-cranes-to-us-trade-representative/As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm OceanScore. “FuelEU isn’t just another penalty,” …
https://splash247.com/how-to-profit-from-fueleu-maritime/
https://splash247.com/how-to-profit-from-fueleu-maritime/