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Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In July, Diana disclosed a 7.7% position in Genco …
https://splash247.com/diana-shipping-reaches-near-10-stake-in-genco/
https://splash247.com/diana-shipping-reaches-near-10-stake-in-genco/Pierre Aury provides readers with a history of electricity generation and why the push for renewables could still be a net positive for shipping. Shipping’s been carrying growing volumes of fossil fuels for a longer period of time than anticipated. In the late 19th century, Thomas Edison and Nikola Tesla were locked in the war …
https://splash247.com/electricity-blackouts-are-a-blessing-for-shipping/
https://splash247.com/electricity-blackouts-are-a-blessing-for-shipping/The future of two of Panama’s most strategic ports is hanging in the balance after president José Raúl Mulino said on Thursday that public-private partnerships could assume control of the Balboa and Cristobal terminals if the courts strike down the operating contract of Hong Kong-based CK Hutchison Holdings. The announcement follows legal challenges filed by …
https://splash247.com/hutchison-faces-court-challenge-for-control-of-ports-in-panama/
https://splash247.com/hutchison-faces-court-challenge-for-control-of-ports-in-panama/Malaysia has introduced new regulations to combat illegal ship-to-ship (STS) oil transfers in its territorial waters, a move that could disrupt operations of the so-called shadow tanker fleet moving sanctioned oil to China. Under the new rules, vessels caught conducting unauthorised STS operations will face immediate detention, with the release process expected to take weeks. …
https://splash247.com/malaysia-cracks-down-on-illegal-ship-to-ship-transfers/
https://splash247.com/malaysia-cracks-down-on-illegal-ship-to-ship-transfers/The outlook for the second half of 2025 in the global container shipping market is shaping up to be a disappointing one, with weak demand, overcapacity, and trade policy turbulence leading liners to rethink their full-year financial outlook. Today saw Japan’s Ocean Network Express revise downwards its projections for the full fiscal year, other lines …
https://splash247.com/unexciting-container-market-sees-liner-cfos-adjusting-full-year-forecasts/
https://splash247.com/unexciting-container-market-sees-liner-cfos-adjusting-full-year-forecasts/Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable more vessel transits is unconstitutional.Some 2…
https://www.marinelink.com/news/panama-communities-challenge-canal-528566
https://www.marinelink.com/news/panama-communities-challenge-canal-528566Geoffrey Hinton, the godfather of AI, has compared developing AI agents to owning a pet tiger.Speaking this week at the World AI Conference (WAIC 2025) in Shanghai, Yicai Global reported him saying: "Our current situation is like someone keeping a tiger as a pet.
https://www.marinelink.com/news/ai-agents-owning-a-pet-tiger-528568
https://www.marinelink.com/news/ai-agents-owning-a-pet-tiger-528568France’s Nexans has partnered with US-based Crowley Wind Services to develop and operate the first Jones Act-compliant cable lay barge, tailored for offshore wind, telecom, and subsea industrial cabling. The 300-foot barge, built in Louisiana and tested in the Gulf of Mexico to Nexans’ specifications, will be operated by an American crew. It’s currently working …
https://splash247.com/nexans-and-crowley-team-up-for-first-jones-act-cable-lay-barge/
https://splash247.com/nexans-and-crowley-team-up-for-first-jones-act-cable-lay-barge/Greek containership owner Costamare is the latest liner player to return to the newbuilding market, revealing an order for four 3,100 teu vessels from an undisclosed Chinese shipyard. The New York-listed company said in its second-quarter earnings that the newbuilds will deliver between the second and fourth quarters of 2027, and each vessel will go …
https://splash247.com/costamare-reveals-four-ship-newbuild-play-in-china/
https://splash247.com/costamare-reveals-four-ship-newbuild-play-in-china/d’Amico International Shipping S.A., an international operator in the product tanker sector, announced its financial results for Q2 and H1 2025. Despite market normalization following last year’s record highs, DIS achieved solid profitability…
https://www.marinelink.com/news/damico-international-shipping-shares-h-q-528544
https://www.marinelink.com/news/damico-international-shipping-shares-h-q-528544