1. Panama Canal faces capacity challenges as it explores new business models. The Panama Canal is working to develop new products and services for different client segments while managing capacity constraints that have affected operations, particularly following the severe drought impacts of 2024, an executive at the Panama Canal Authority (PCA) said.
https://cyprusshippingnews.com/2025/05/29/panama-canal-faces-capacity-challenges-as-it-explores-new-business-models/
2. Pacific Carriers and Singapore Maritime Foundation renew commitment to build maritime-ready talent pool. Pacific Carriers Limited signs Memorandum of Understanding with the Singapore Maritime Foundation to create more opportunities for youths to be connected with the maritime industry
Pacific Carriers Limited and the Singapore Maritime Foundation signed a Memorandum of Understanding to renew both organizations’ commitment to create more opportunities for youths to join the maritime industry.
https://cyprusshippingnews.com/2025/05/29/pacific-carriers-limited-and-singapore-maritime-foundation-renew-commitment-to-build-maritime-ready-talent-pool/
3. ASA SRC advances Compliance and Environmental Standards Ahead of Hong Kong Convention Enforcement. The 28th Interim Meeting of the ASA Ship Recycling Committee was held online on 10 April 2025. The SRC members are firmly committed to ensuring full compliance with all applicable competition laws throughout the entire programme.
https://cyprusshippingnews.com/2025/05/29/press-release-on-the-joint-statement-of-the-asa-src-28th-interim-meeting-held-10-april-2025/
4. Isle of Man Ship Registry IOMSR welcomes first of a new generation of environmentally focused tankers to its fleet. A state-of-the-art tanker representing a new generation of environmentally focused vessels designed to meet its owners’ special trading requirements has gone into service under the Isle of Man flag.
The new build 10,600 DWT LETTIE PG IMO II coated oil product and chemical tanker is the first of three ordered by Pritchard-Gordon Tankers in an ongoing fleet renewal programme.
https://cyprusshippingnews.com/2025/05/29/isle-of-man-ship-registry-iomsr-welcomes-first-of-a-new-generation-of-environmentally-focused-tankers-to-its-fleet/
5. GulfNav inks Brooge Energy acquisition deal. The takeover plan, announced in October 2023, involves a transaction worth $871m, of which $125m in cash, and the sale of the assets and subsidiaries of Brooge, including Brooge Petroleum and Gas Investment Company (BPGIC) FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited.
https://splash247.com/gulfnav-inks-brooge-energy-acquisition-deal/
6. COSCO books chemical tanker at Wuchang. COSCO Shipping Energy Transportation (CSET) has expanded its tanker orderbook with a single chemical carrier newbuilding.
The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction a 9,200 dwt stainless steel unit at Wuchang Shipbuilding.
https://splash247.com/cosco-books-chemical-tanker-at-wuchang/
7. BW Offshore swoops on laid-up FPSO. Floater specialist BW Offshore has sealed a deal to buy an idle FPSO, calling the acquisition a strategic move to secure a high-quality production asset amid a tightening market with few comparable opportunities available.
https://splash247.com/bw-offshore-swoops-on-laid-up-fpso/
8. ONE and Hapag-Lloyd line up more than 30 newbuild contracts. Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu.Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu ships, in a deal estimated to be worth $2.6bn, while Hapag-Lloyd is in discussions with a number of yards for up to twelve 12,000 to 13,000 teu ships and eight 16,000 teu vessels.
https://splash247.com/one-and-hapag-lloyd-line-up-more-than-30-newbuild-contracts/
9. China Flexes Military Muscle with East Asian Naval Activity, Sources Say. China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.
https://gcaptain.com/china-flexes-military-muscle-with-east-asian-naval-activity-sources-say/
10. Seacap becomes world’s first capital partner for shore power. This week marks the launch of Seacap – a new, specialised company designed to make it significantly easier for ports to carry out the investments required for a green and future-oriented infrastructure. Seacap is the first capital partner globally to focus specifically on sustainable ports – with an emphasis on shore power and zero-emission port development.
https://www.shipmanagementinternational.com/news/seacap-becomes-worlds-first-capital-partner-for-shore-power