1. Tanker under US sanctions discharges oil at Chinese port, LSEG data shows. A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.
The tanker is the first since last week’s sanctions announcement to discharge in Shandong province where many of China’s independent refineries that have been big importers of Russian crude are based.
https://cyprusshippingnews.com/2025/01/21/tanker-under-us-sanctions-discharges-oil-at-chinese-port-lseg-data-shows/
2. A look back at our forecast for global crude oil prices in 2024. Benchmark Brent crude oil prices averaged $81 per barrel (b) in 2024, in line with the $82/b for the year that we had forecast in our January 2024 Short-Term Energy Outlook (STEO) and more in-depth analysis. In the January 2024 STEO, we forecast that markets would be relatively balanced in 2024, changing little from the 2023 average Brent price of $82/b.
https://cyprusshippingnews.com/2025/01/21/a-look-back-at-our-forecast-for-global-crude-oil-prices-in-2024/
3. Biofuel can deliver significant GHG emissions reductions but future uptake could be hampered by supply, says DNV. According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future.
https://cyprusshippingnews.com/2025/01/21/biofuel-can-deliver-significant-ghg-emissions-reductions-but-future-uptake-could-be-hampered-by-supply-says-dnv/
4. Cargill puts bold innovation at centre of effort to decarbonise shipping. Cargill is advancing a new era in sustainable shipping, putting innovation and collaboration at the core of its mission to move goods responsibly across the globe. Through wind-assisted propulsion technologies, dual-fuel methanol-powered vessels, and digital solutions, Cargill is setting the standard for helping the industry advance progress toward the International Maritime Organization’s (IMO) 2050 net-zero target.
https://cyprusshippingnews.com/2025/01/21/cargill-puts-bold-innovation-at-centre-of-effort-to-decarbonise-shipping/
5. New International Land-Sea Trade Corridor connects 555 ports worldwide. The New International Land-Sea Trade Corridor, a key logistics network connecting China’s western regions to global markets, has expanded its reach to 555 ports in 127 countries and regions.
https://cyprusshippingnews.com/2025/01/21/new-international-land-sea-trade-corridor-connects-555-ports-worldwide/
6. Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back. Wresting back control of the Panama Canal, renaming the Gulf of Mexico and exiting from the Paris Agreement were three of the shipping takeaways in the first hours following the inauguration of Donald Trump yesterday as the 47th president of the United States.
https://splash247.com/panama-canal-paris-agreement-and-gulf-of-mexico-the-three-shipping-takeaways-from-trumps-first-hours-back/
7. Galaxy Leader crew’s 14-month incarceration by the Houthis nears its end. It has now been 429 days that the crew of the Galaxy Leader car carrier have been held hostage by the Houthis in Yemen.
However, for the first time during this 14-month incarceration there is hope that the 25 crewmembers could be freed imminently in connection with the phase one ceasefire agreed between Israel and Hamas, which came into effect on Sunday.
https://splash247.com/galaxy-leader-crews-14-month-incarceration-by-the-houthis-nears-its-end/
8. Shipping coalition deploys novel tech in bid to slash methane slip. Safetytech Accelerator, in collaboration with Chevron, Carnival Corporation, Shell and Seapeak, has completed three technology feasibility studies as part of its flagship Methane Abatement in Maritime Innovation Initiative (MAMII). The results of these feasibility studies showed potential to cut fugitive methane emissions in the maritime industry.
https://splash247.com/shipping-coalition-deploys-novel-tech-in-bid-to-slash-methane-slip/
9. Ambrey: Red Sea Shipping Expected to Resume Gradually After Conditional Houthi Ceasefire. Maritime traffic through the Red Sea is expected to make a gradual comeback following the recent Israel-Hamas ceasefire, though security experts warn that risks remain for certain vessels.
https://gcaptain.com/ambrey-red-sea-shipping-expected-to-resume-gradually-after-conditional-houthi-ceasefire/
10. Marcura acquires VesselMan to provide unified platform for comprehensive vessel management. Marcura, a global leader in digital maritime solutions, has announced the strategic acquisition of VesselMan, a prominent provider of technology solutions for dry-docking and technical project management for shipowners and managers.
https://shipmanagementinternational.com/marcura-acquires-vesselman-to-provide-unified-platform-for-comprehensive-vessel-management/