1. Finland and Cyprus commit to further strengthening excellent maritime cooperation. Cyprus and Finland are EU partners with strong maritime traditions and a shared interest in the advancement of European and global efforts to ensure that the future of maritime transport will be sustainable, safe, resilient and competitive.
https://cyprusshippingnews.com/2025/05/22/finland-and-cyprus-commit-to-further-strengthening-excellent-maritime-cooperation/
https://cyprusshippingnews.com/2025/05/22/finland-and-cyprus-commit-to-further-strengthening-excellent-maritime-cooperation/
2. Syria and UAE’s DP World ink $800m deal for port development. The Syrian government and DP World signed a memorandum of understanding (MoU) worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said, after the lifting of US sanctions cleared the way for the deal, Reuters reports.
https://cyprusshippingnews.com/2025/05/22/syria-and-uaes-dp-world-ink-800m-deal-for-port-development/
https://cyprusshippingnews.com/2025/05/22/syria-and-uaes-dp-world-ink-800m-deal-for-port-development/
3. Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security. Osama Rabie, Chairperson of the Suez Canal Authority (SCA), met on Wednesday with a senior delegation from A.P. Moller–Maersk Group to explore opportunities for renewed cooperation and a potential resumption of canal transits. The meeting, held at the SCA headquarters in Ismailia, came as part of Maersk’s official visit to Egypt.
https://cyprusshippingnews.com/2025/05/22/suez-canal-authority-urges-maersk-to-resume-transits-amid-improved-red-sea-security/
https://cyprusshippingnews.com/2025/05/22/suez-canal-authority-urges-maersk-to-resume-transits-amid-improved-red-sea-security/
4. Singapore’s Container throughput up 6.1% in 2025 despite uncertainty over global tariffs. Singapore’s port handled 6.1 per cent more containers in the first four months of 2025 than in the same period in 2024, despite disruptions to supply chains caused by tariffs imposed by the United States.
https://cyprusshippingnews.com/2025/05/22/singapores-container-throughput-up-6-1-in-2025-despite-uncertainty-over-global-tariffs/
https://cyprusshippingnews.com/2025/05/22/singapores-container-throughput-up-6-1-in-2025-despite-uncertainty-over-global-tariffs/
5. Morek Engineering unveils floating wind installation vessel concept. A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage.
https://splash247.com/morek-engineering-unveils-floating-wind-installation-vessel-concept/
https://splash247.com/morek-engineering-unveils-floating-wind-installation-vessel-concept/
6. Subsea 7 hot streak continues with West Africa contract. Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa.Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO vessel, as well as the pre-laying activities for an upcoming drilling campaign.
https://splash247.com/subsea-7-hot-streak-continues-with-west-africa-contract/
https://splash247.com/subsea-7-hot-streak-continues-with-west-africa-contract/
7. KNOT firms up shuttle tanker newbuild in China. Knutsen NYK Offshore Tankers (KNOT) has firmed up a contract with Cosco Shipping Heavy Industry (Zhoushan) for an additional suezmax shuttle tanker newbuilding.
https://splash247.com/knot-firms-up-shuttle-tanker-newbuild-in-china/
https://splash247.com/knot-firms-up-shuttle-tanker-newbuild-in-china/
8. EU Sanctions Three MOL Gas Carriers Associated With Russia’s Yamal LNG. In a surprise move the European Union significantly tightened its sanctions against Russia’s liquefied natural gas sector. Brussels’ 17th sanctions package announced yesterday includes three newbuild LNG carriers managed by Japanese Mitsui OSK Lines Ltd. (MOL) under charter with Russian energy projects.
https://gcaptain.com/eu-sanctions-three-mol-gas-carriers-associated-with-russias-yamal-lng/
https://gcaptain.com/eu-sanctions-three-mol-gas-carriers-associated-with-russias-yamal-lng/
9. Poland Says Russian Ship Performed ‘Suspicious Maneuvers’ Near Cable to Sweden. Russian ship from the “shadow fleet” covered by sanctions performed suspicious maneuvers near a power cable connecting Poland with Sweden, Polish Prime Minister Donald Tusk said in a post on X on Wednesday.
https://gcaptain.com/poland-says-russian-ship-performed-suspicious-maneuvers-near-cable-to-sweden/
https://gcaptain.com/poland-says-russian-ship-performed-suspicious-maneuvers-near-cable-to-sweden/
10. Report: Hanwha Plans Major Investment in Philly Shipyard, Sets Sights on LNG Carriers. South Korean conglomerate Hanwha Group is reportedly planning a major investment for improvements at its recently acquired Philly Shipyard, with plans to produce the U.S.-built LNG carriers.
https://gcaptain.com/report-hanwha-plans-major-investment-in-philly-shipyard-sets-sights-on-lng-carriers/
https://gcaptain.com/report-hanwha-plans-major-investment-in-philly-shipyard-sets-sights-on-lng-carriers/