1. LNG shipping poised for further normalisation in 2025. Drewry expects LNG shipping to normalise further in 2025 as fleet growth continues to outpace liquefaction build-up, preventing any recovery in rates. Although demand will recuperate, erratic weather conditions, LNG prices, competition from other sources of energy and efforts towards carbon neutrality will dictate the LNG appetite, with demand varying regionally.
https://cyprusshippingnews.com/2025/01/09/lng-shipping-poised-for-further-normalisation-in-2025/
2. Russian gas era in Europe ends as Ukraine stops transit. Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over Europe’s energy markets.
https://cyprusshippingnews.com/2025/01/09/russian-gas-era-in-europe-ends-as-ukraine-stops-transit/
3. Saudi Red Sea Authority 2024 achievements. The Saudi Red Sea Authority made significant strides in coastal tourism in 2024, notably issuing 28 licenses for maritime tourism agents, marina operators, yacht charter companies, and cruise ship operators, thereby enhancing tie tourist experiences and fostering an attractive investment environment.
https://cyprusshippingnews.com/2025/01/09/saudi-red-sea-authority-2024-achievements/
4. 2025 New Year’s message from the “K” LINE Group President “Preparing for Coming Changes with an Unwavering Medium- to Long-Term Perspective”. To everyone in the “K” LINE Group, I would like to wish you and your families a Happy New Year. I hope that you were able to spend an enjoyable year-end and New Year period, and that you are ready to start 2025 feeling refreshed.
https://cyprusshippingnews.com/2025/01/09/2025-new-years-message-from-the-president-preparing-for-coming-changes-with-an-unwavering-medium-to-long-term-perspective/
5. Trump Promised Swift Action on LNG Exports, but Advisers Preaching Patience. Advisers to U.S.President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions.
https://gcaptain.com/trump-promised-swift-action-on-lng-exports-but-advisers-preaching-patience/
6. Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again. The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes.
https://gcaptain.com/global-crude-exports-dipped-in-2024-as-trade-routes-reshuffled-again/
7. CBO Warns Navy’s Ambitious 2025 Shipbuilding Plan Faces Major Hurdles. The U.S. Navy’s 2025 shipbuilding plan aims to expand its fleet to 390 battle force ships by 2054, but achieving this vision comes with a hefty price tag, according to a new report from the Congressional Budget Office (CBO).
https://gcaptain.com/cbo-warns-navys-ambitious-2025-shipbuilding-plan-faces-major-hurdles/
8. Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal. Taiwanese owner and operator Dong Fang Offshore (DFO) has sealed a deal to charter out one of its construction support vessels to Norwegian ocean services provider DeepOcean.The subsidiary of Hung Hua Construction, with a fleet of 16 vessels including those under construction, has fixed the 2014-built Orient Adventurer from early 2026 until the end of 2027, with extension options secured for up to four additional years.
https://splash247.com/taiwans-dong-fang-offshore-enters-european-market-with-deepocean-charter-deal/
9. SBM Offshore invests in Blue Power hub developer. Dutch floater expert SBM Offshore has invested in Ocean-Power, a company developing an offshore power hub that generates electricity using gas turbines and carbon capture and storage.
The investment by the company follows a memorandum of understanding between SBM Offshore and the Norwegian company signed in June last year.
https://splash247.com/sbm-offshore-invests-in-blue-power-hub-developer/
10. COSCO seeks to defuse Pentagon spat. COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army.
While being on the Pentagon’s blacklist carries no specific penalties, it discourages US firms from dealing with these companies that Washington views as military entities.
https://splash247.com/cosco-seeks-to-diffuse-pentagon-spat/