1. UK P&I Club delivers growth despite challenging policy year. The UK P&I Club has announced continued growth at the end of the 2024/2025 financial year, both in terms of entered tonnage and financial strength. A healthy 6.6% investment return has grown the Club’s free reserves to US$494 million, despite a challenging policy year for the sector.
https://cyprusshippingnews.com/2025/06/02/uk-pi-club-delivers-growth-despite-challenging-policy-year/
2. Tototheo Global and Fortinet lead the conversation on enterprise connectivity in Cyprus and Greece. Tototheo Global, a leader in digital and connectivity solutions, in partnership with cybersecurity powerhouse Fortinet, and GCC Hellas, Fortinet’s official distributor, recently hosted executive roundtables in Cyprus and Greece aimed at high-level management and IT decision-makers. The discussions centered on one of today’s most critical operational needs: secure, uninterrupted, and scalable connectivity for enterprises.
https://cyprusshippingnews.com/2025/06/02/tototheo-global-and-fortinet-lead-the-conversation-on-enterprise-connectivity-in-cyprus-and-greece/
3. Merger between CMB Tech and Golden Ocean. Golden Ocean Group and CMB.TECH are pleased to announce that they have signed an agreement and plan of merger for a stock-for-stock merger, as contemplated by the term sheet previously announced on 22 April 2025.
https://cyprusshippingnews.com/2025/06/02/merger-between-cmb-tech-and-golden-ocean/
4. BIMCO Tanker Shipping Market Overview & Outlook. “In 2025, we forecast a balanced development in the crude tanker market followed by a slight weakening in 2026. The product tanker market is expected to weaken during both 2025 and 2026 as deliveries from the large order book increases supply growth,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
https://cyprusshippingnews.com/2025/06/02/bimco-tanker-shipping-market-overview-outlook/
5. John Fredriksen takes aim at Norwegian government’s perceived lack of interest in shipping. With the 60th anniversary of Nor-Shipping now underway, Norway’s most famous shipowner has used the occasion to voice his displeasure at what he sees as Oslo’s lack of interest in shipping. Norwegian-born shipping magnate John Fredriksen has sharply criticised Norway’s political climate for maritime business in an interview yesterday with Finansavisen, a leading Norwegian business daily, on the eve of Nor-Shipping.
https://splash247.com/john-fredriksen-takes-aim-at-norwegian-governments-perceived-lack-of-interest-in-shipping/
6. Record-breaking Nor-Shipping sets sail. Celebrating its 60th anniversary Nor-Shipping, this year’s most high-profile maritime gathering, gets underway today with future-proofing a central theme running through the week. This year’s Nor-Shipping is the largest to date, with expanded exhibition spaces and a comprehensive program of conferences and seminars.
https://splash247.com/record-breaking-nor-shipping-sets-sail/
7. South Africa takes another step on path to creating a national shipping line. Having been on the drawing board since 2017, Pretoria is now finalising plans to create a national shipping line with the department of transport inviting shipping companies to take part in a steering committee to establish a model for the new business, with the Development Bank of Southern Africa (DBSA) set to be involved in its creation. The new carrier is likely to be called South African Shipping Company (SASCO).
https://splash247.com/south-africa-takes-another-step-on-path-to-creating-a-national-shipping-line/
8. Billionaire Steve Cohen Wants NY To Expand Taxpayer-Backed Ferry. New Yorkers know that getting to LaGuardia airport and Citi Field in Queens from Manhattan has long been a logistical mess, with congested highways, crowded public transit options and frequent traffic snarls making the trip unpredictable.
https://gcaptain.com/billionaire-steve-cohen-wants-ny-to-expand-taxpayer-backed-ferry/
9. Southeast Asia Joins Europe’s Calls To Defend Subsea Cables. Defense officials from Europe and Southeast Asia called for stronger collaboration to protect the global network of subsea cables as concerns grow over threats to this vital infrastructure.
https://gcaptain.com/southeast-asia-joins-europes-calls-to-defend-subsea-cables/
10. Trump Cuts Threaten Safety Training For Workers In America’s Most Dangerous Jobs. By the time Robbie Roberge spotted the fire consuming his boat’s galley last August, he knew he had just minutes to evacuate his beloved Three Girls fishing vessel, named for his daughters.
https://gcaptain.com/trump-cuts-threaten-safety-training-for-workers-in-americas-most-dangerous-jobs/