1. Lloyd’s Register to use generative AI to advance the application of nuclear technology in maritime in collaboration with Microsoft. Lloyd’s Register, a UK-based classification society and professional advisory service, will become one of the first maritime organisations to use generative AI for permitting capabilities built upon Microsoft Azure OpenAI Service, to bridge the gap between terrestrial and maritime applications.
https://cyprusshippingnews.com/2025/03/10/lloyds-register-to-use-generative-ai-to-advance-the-application-of-nuclear-technology-in-maritime-in-collaboration-with-microsoft-2/
2. Veson Nautical and Cargill expand long-standing partnership with strategic technology agreement. Cargill expands utilization of Veson’s software and data suite to drive innovation and enhance their customerd this interview s’ experience
Veson Nautical, a global leader in maritime data and freight management solutions, and Cargill have expanded their longstanding partnership to accelerate digital transformation in the maritime sector.
https://cyprusshippingnews.com/2025/03/10/veson-nautical-and-cargill-expand-long-standing-partnership-with-strategic-technology-agreement/
3. NORDEN welcomes new Chief People Officer. NORDEN is happy to welcome Pierre Berkmann as Chief People Officer, effective 1 April 2025.
Pierre will take responsibility for People & Sustainability and join the company’s senior management team. In the role, he will help drive NORDEN’s strategic direction connecting the business with our people agenda, while building organisational strength to deliver on our purpose, values and business objectives.
https://cyprusshippingnews.com/2025/03/10/norden-welcomes-new-chief-people-officer/
4. Strategic investment opportunity in Zeebrugge. Port of Antwerp-Bruges takes the next step in the development of the Maritime Logistics Zone in Zeebrugge. Under the slogan ‘Develop your project at Europe’s gateway’, the port is initiating a tendering process for an 8.5-hectare site in a strategically located area. This unique opportunity is aimed at both domestic and international investors involved in the distribution or logistics of fast-moving goods.
https://cyprusshippingnews.com/2025/03/10/strategic-investment-opportunity-in-zeebrugge/
5. Shipping in the crosshairs as trade uncertainty hits all-time high. The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board analyses the frequency of joint occurrences of trade policy and uncertainty terms in major newspapers, firms’ earnings conference calls, and aggregate data on tariff rates in a way that is similar to existing volatility indices in mainstream financial markets, spanning equities and derivatives.
https://splash247.com/shipping-in-the-crosshairs-as-trade-uncertainty-hits-all-time-high/
6. CMA CGM’s Saadé vows to invest $20bn into the US over the next four years. The huge investment over the next four years would create 10,000 jobs, CMA CGM said, and include expanding container terminals, building an air cargo hub in Chicago, buying five new Boeing 777 freighters, as well as tripling the number of US-flagged ships subsidiary American President Lines (APL) operates, while Saadé told president Donald Trump an announcement on building ships in the US would be made in the coming weeks, as the new American government gears up to revive domestic shipbuilding capabilities.
https://splash247.com/cma-cgms-saade-vows-to-invest-20bn-into-the-us-over-the-next-four-years/
7. New head of HMM selected. Choi Won-hyuk, 65, has been lined up as the next head of HMM, South Korea’s flagship carrier.
Choi has been picked by the line’s main creditors to take the CEO role following a series of interviews with a number of candidates last month. He is the former CEO of LX Pantos, a local logistics outfit.
https://splash247.com/new-head-of-hmm-selected/
8. Venezuela Condemns U.S. Chevron Ban, Cites Impact On Oil Exports And Trade. Venezuelan President Nicolas Maduro said on Saturday that scheduled flights to bring home Venezuelan migrants from the U.S. had been affected by “this unexplained, tremendous commotion,” after the Trump administration canceled a license allowing Chevron to operate in the South American country.
https://gcaptain.com/venezuela-condemns-u-s-chevron-ban-cites-impact-on-oil-exports-and-trade/
9. US Vetoes G-7 Shadow Fleet Task Force Plan, Signals More Change. The US has rejected a Canadian proposal to establish a task force that would tackle Russia’s so-called shadow fleet of oil tankers, as the Trump administration re-evaluates its positions across multilateral organizations, according to people familiar with the matter.
https://gcaptain.com/us-vetoes-g-7-shadow-fleet-task-force-plan-signals-more-change/
10. Deep sea cargo fleet moving at record low speeds. Ocean-going merchant ships are moving slower than ever.
Average speeds across the deep sea cargo fleet in the first quarter this year are at a new low, according to data from Clarksons Research.
Certain sectors that have been struggling commercially in the opening months of the year are going especially sedately across the world.
https://splash247.com/deep-sea-cargo-fleet-moving-at-record-low-speeds/