Shipping has had a peak at what charges from the US it faces for links to Chinese tonnage. Appearing in front of a Senate Finance Committee yesterday, US Trade Representative Jamieson Greer said his organisation had taken onboard the huge volume of complaints registered during a public hearing into...
https://splash247.com/us-looks-set-to-water-down-penalties-on-chinese-tonnage/
Donald Trump has done to the International Maritime Organization what he did to the Paris Agreement, in choosing to distance the US this week from ongoing talks over a global carbon levy on shipping. The most eye-catching scene from the ongoing 83rd gathering of the IMO’s Marine Environmental...
https://splash247.com/trump-leaves-this-weeks-green-talks-at-imo-up-in-smoke/
Spire Global and maritime tech firm Kpler have reached an agreement to settle an ongoing lawsuit tied to the acquisition of ship tracking business Spire Maritime. Kpler agreed to buy Spire’s maritime arm for about $241m in November. The deal, which was expected to close by the first quarter of...
https://splash247.com/spire-global-and-kpler-resolve-dispute-over-maritime-business-deal/
Donald Trump’s self-described next set of “explosive” tariffs are now in effect, including 104% on China, the world’s biggest exporter. Also on the list are 60 of what the American president described as the “worst offending” countries, who will face tariffs ranging from 11% to 50%. These are all...
Dutch floater expert SBM Offshore announces it has signed a sale and leaseback financing agreement for one of its FPSOs. SBM Offshore said that the FPSO Cidade de Paraty was sold for the total amount of $400m. The deal included a tenor of eight years. The transaction is expected to be completed...
https://splash247.com/smb-offshore-banks-400m-from-fpso-sale-and-leaseback-deal/
Matt Kenney, the head of Laureate Communications, warns readers on how Trump’s economic policies could sideswipe the most ambitious maritime transformation in a generation. Let’s begin with a truth so plain it should not require reiteration: President Trump’s tariff agenda is not a tantrum, nor a...
https://splash247.com/how-trumps-new-economic-order-risks-sinking-green-shipping/
Stena Drilling, the Aberdeen-based business of Sweden’s Stena, has won a contract for one of its drillships with subsidiaries of Shell in Suriname. The contract for the campaign was awarded to the 2008-built Stena DrillMax drillship by Shell subsidiaries KE STP Company and BG International. The...
https://splash247.com/stena-drilling-drillship-wins-more-work-off-suriname/
Global container growth is set to head into a hard reverse this year on the back of the tariff war initiated by Donald Trump, the American president, which is already seeing noticeable cargo booking cancellations in Asia. In a post on his social media platform Truth Social on Monday, Trump...
https://splash247.com/liners-draw-up-defensive-measures-in-their-armoury-to-fight-trumps-tariff-war/
Stillstrom and the Panama Canal Authority have signed a memorandum of understanding to implement an offshore charging technology to reduce emissions from vessels idling in and around the Panama Canal. The Panama Canal is a critical artery of global commerce and handles around 14,000 vessels per...
https://splash247.com/stillstrom-to-assess-offshore-charging-in-panama-canal/
Member states of the International Maritime Organization (IMO) will discuss a carbon price on international shipping–the world’s first global pricing of emissions on any sector–at the 83rd session of the Marine Environment Protection Committee (MEPC 83) meeting in London this week. However, there...
https://splash247.com/universal-carbon-levy-unlikely-at-this-weeks-imo-green-gathering/