InterManager Daily News 05.03.2025

1. World’s first ship-based “Marine Factory” for CO₂ capture. The world’s first Floating Production Storage and Offloading unit equipped with offshore Carbon Capture and Storage technology was named AGOGO FPSO at COSCO SHIPPING Heavy Industry in Shanghai. This vessel stands as one of the most environmentally friendly FPSOs globally.
https://cyprusshippingnews.com/2025/03/04/worlds-first-ship-based-marine-factory-for-co%e2%82%82-capture/

2. International Windship Association launches new survey to gauge perception of low/zero emission vessels and wind propulsion technology. With the number of ships using direct wind energy for propulsion increasing at a rate of knots, perceptions of wind propulsion technology are seemingly changing in the shipping industry, a sector which, until the middle of the 19th Century, relied solely on sail.
https://cyprusshippingnews.com/2025/03/04/international-windship-association-launches-new-survey-to-gauge-perception-of-low-zero-emission-vessels-and-wind-propulsion-technology/

3. HMM’s move to acquire SK Shipping sparks concerns regarding privatisation process. HMM has announced plans to expand its bulk carrier fleet significantly by 2030. This ambitious expansion is part of HMM’s “Mid-to-Long-Term Strategy 2030,” unveiled last September, which aims to increase the fleet from 36 vessels, totaling 6.3 million DWT, to 110 vessels, reaching 12.56 million DWT. The company also targets a substantial increase in bulk carrier-related revenue, from 1.243 trillion won in 2023 to 3.32 trillion won by 2030, with the revenue proportion expected to grow from 15% to 22% over the next seven years.
https://cyprusshippingnews.com/2025/03/04/hmms-move-to-acquire-sk-shipping-sparks-concerns-regarding-privatisation-process/

4. EU’s clean industrial deal must ensure green fuels for the green transition of the shipping sector. Today, the European Commission has unveiled its long-awaited Clean Industrial Deal, a framework consisting of around 40 new initiatives designed to enhance Europe’s competitiveness and accelerate the green transition.
https://cyprusshippingnews.com/2025/03/04/eus-clean-industrial-deal-must-ensure-green-fuels-for-the-green-transition-of-the-shipping-sector/

5. Veson widening gap in average speed between new and old vessels shows bulker fleet heading for two-tier market. The global bulker fleet is facing a significant slowdown, driven by a combination of factors that are not only causing a decline in average speeds, but also setting the stage for the emergence of a two-tier market according to Veson Nautical, a global leader in maritime data and freight management solutions.
https://cyprusshippingnews.com/2025/03/04/veson-widening-gap-in-average-speed-between-new-and-old-vessels-shows-bulker-fleet-heading-for-two-tier-market/

6. Spetalen’s S.D. Standard ETC sells stake in Dolphin Drilling. Øystein Stray Spetalen-controlled S.D. Standard ETC (SDSD) has sold its stake in semisub rig owner Dolphin Drilling.

SDSD said in an Oslo Bors filing that it sold nearly 50 million shares of the offshore driller which represents a 17.1% stake in Dolphin Drilling. The shares were sold for NOK1.1 per share for a total transaction size of NOK 55m ($4.9m). SDSD now does not have any stake in Dolphin Drilling.
https://splash247.com/spetalens-s-d-standard-etc-sells-stake-in-dolphin-drilling/

7. The thousand faces ship: how Chinese vessels change names mid-voyage. The latest ship accused of damaging cables off Taiwan had a simple way of changing identity.

Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands.
https://splash247.com/the-thousand-faces-ship-how-chinese-vessels-change-names-mid-voyage/

8. IMO flagged about new register created in tiny uninhabited South Pacific island. Wily, shady entrepreneurs are scanning world maps to seek ever more distant outposts to establish ship registers to help grease the flows of the dark fleet.France and The Netherlands have submitted a paper to the International Maritime Organization’s legal committee about the emergence of two new shipping flags with questionable credentials, one in the Caribbean and the other, a disputed, uninhabited volcanic island in the South Pacific.
https://splash247.com/imo-flagged-about-new-register-created-in-tiny-uninhabited-south-pacific-island/

9. US Ships 80 Percent of LNG Exports to Europe During February. After declining sales to Europe during the second half of 2024, LNG from the U.S. is again in high demand on the continent.In February, 82 percent of U.S. exports, equivalent to 6.82 million tonnes, went to Europe, Reuters reports. This follows an even higher figure of 7.25 million tonnes, accounting for 86 percent, during the previous month.
https://gcaptain.com/us-ships-80-percent-of-its-lng-to-europe-during-february/

10. Philippines Has to Be Ready in Case US Aid Dries Up, Envoy Says. The Philippines is optimistic of Washington’s continued military support under President Donald Trump, but the Southeast Asian nation should be prepared if aid is discontinued, Manila’s envoy to the US said, in the wake of renewed pressure between America and its western allies.
https://gcaptain.com/philippines-has-to-be-ready-in-case-us-aid-dries-up-envoy-says/