1. Dynamic Group of Companies joins Green Award as an incentive provider. Dynamic Group of Companies, a pioneer in repair and maintenance services for maritime and heavy industries, is excited to announce its partnership with the Green Award Foundation as an official incentive provider. This strategic collaboration reflects Dynamic’s continued commitment to supporting excellence and sustainability in the maritime industry.
https://cyprusshippingnews.com/2025/01/29/dynamic-group-of-companies-joins-green-award-as-an-incentive-provider/
https://cyprusshippingnews.com/2025/01/29/dynamic-group-of-companies-joins-green-award-as-an-incentive-provider/
2. MOL is only Japanese Shipping Company to join Davos Forum. President Hashimoto Exchanges Views with Government Officials and Business Leaders from Various Countrie
Mitsui O.S.K. Lines, participated in the annual meeting of the World Economic Forum held in Davos, Switzerland from January 20-24 (commonly known as the “Davos Meeting”) as the only Japanese shipping company to take part in the meeting.
https://cyprusshippingnews.com/2025/01/29/mol-is-only-japanese-shipping-company-to-join-davos-forum/
https://cyprusshippingnews.com/2025/01/29/mol-is-only-japanese-shipping-company-to-join-davos-forum/
3. India’s crude intake changes towards Middle East barrels while refined product exports pivot to East of Suez. India’s crude imports and subsequent refined product exports remained strong as 2024 ended and that momentum has continued going into January 2025. When further dissecting the underlying data, we were able to identify quite some shuffling of flows – for both crude and refined products which we shall discuss in detail in this insight blog.
https://cyprusshippingnews.com/2025/01/29/indias-crude-intake-changes-towards-middle-east-barrels-while-refined-product-exports-pivot-to-east-of-suez/
https://cyprusshippingnews.com/2025/01/29/indias-crude-intake-changes-towards-middle-east-barrels-while-refined-product-exports-pivot-to-east-of-suez/
4. Stolt-Nielsen purchase shareholding in Avenir LNG Limited. Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas has announced that it has entered into a share purchase agreement to acquire all the shares of Avenir LNG Limited owned by Golar LNG Limited and Aequitas Limited .
https://cyprusshippingnews.com/2025/01/29/stolt-nielsen-purchase-shareholding-in-avenir-lng-limited/
https://cyprusshippingnews.com/2025/01/29/stolt-nielsen-purchase-shareholding-in-avenir-lng-limited/
5. The “Pioneers of Cyprus Shipping – 60 Years of Cyprus Shipping” is now available online. Welcome to the collector’s album “Pioneers of Cyprus Shipping – 60 Years of Cyprus Shipping,” a commemorative journey celebrating the rich heritage and remarkable achievements of Cyprus’s maritime pioneers. As we celebrate six decades of Cyprus shipping history, we pay homage to the bold visionaries, enterprising innovators, and resilient pioneers whose unwavering commitment has steered the course of the island nation’s maritime industry.
https://cyprusshippingnews.com/2025/01/29/the-pioneers-of-cyprus-shipping-60-years-of-cyprus-shipping-is-now-available-online/
https://cyprusshippingnews.com/2025/01/29/the-pioneers-of-cyprus-shipping-60-years-of-cyprus-shipping-is-now-available-online/
6. Shipping’s ultimate Year of the Snake fortune guide published today. The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake.
The Lunar New Year is not starting too well with many sectors struggling to break even in January.
https://splash247.com/shippings-ultimate-year-of-the-snake-fortune-guide-published-today/
https://splash247.com/shippings-ultimate-year-of-the-snake-fortune-guide-published-today/
7. Crew rescued from blaze on boxship in Red Sea. The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed.The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday.
https://splash247.com/crew-rescued-from-blaze-on-boxship-in-red-sea/
https://splash247.com/crew-rescued-from-blaze-on-boxship-in-red-sea/
8. Geneva Dry Dialogues: Western Bulk. Returning to Geneva Dry this April is Torbjorn Gjervik, who since last year’s summit has been promoted to CEO of Western Bulk Chartering, a Norwegian firm which tends to have anywhere between 100 and 150 ships on its books at any given time. While looking forward to the event, Gjervik is not overly enthused about immediate dry bulk prospects.
https://splash247.com/geneva-dry-dialogues-western-bulk/
https://splash247.com/geneva-dry-dialogues-western-bulk/
9. Panamax Pain as China’s Grain Imports Plunge 51%. According to BIMCO, this decline has significantly affected the dry bulk shipping sector—particularly Panamax vessels, which handle 83% of China’s grain cargoes. The Baltic Exchange’s Panamax Index has now dropped 41% compared to last year and this week hit its lowest level since May 2020.
https://gcaptain.com/panamax-pain-as-chinas-grain-imports-plunge-51/
https://gcaptain.com/panamax-pain-as-chinas-grain-imports-plunge-51/
10. Georgia Ports Authority Reports Strong Growth, Major Infrastructure Expansion in Early 2025. Port of Savannah handled over 2.8 million TEUs in the second half of 2024, marking an 11.4% increase from the previous year, the Georgia Port Authority reported Tuesday.December 2024 continued this upward trend, with more than 442,000 TEUs processed, representing a 4.7% increase from the previous year.
https://gcaptain.com/georgia-ports-authority-reports-strong-growth-major-infrastructure-expansion-in-early-2025/
https://gcaptain.com/georgia-ports-authority-reports-strong-growth-major-infrastructure-expansion-in-early-2025/