1. Recovery of vessel-related time losses under sale contracts v. charter parties. For purposes of certainty, under English Law, it is assumed that time-related stipulations in commercial contracts are to be construed strictly. However, the typical contractual provisions as to time differ between commodity sale contracts and charter parties, often leading to recovery issues connected with vessel delays.
https://cyprusshippingnews.com/2025/09/10/recovery-of-vessel-related-time-losses-under-sale-contracts-v-charter-parties/
2. Sustainable technologies for future long distance shipping towards complete decarbonisation. The global maritime sector is responsible for about 3 % of greenhouse gas emissions. Traditional marine fuels such as heavy fuel oil and marine diesel are carbon-intensive and emit sulfur oxides, nitrogen oxides as well as particulate matter that can damage human health, degrade marine ecosystems and contribute to climate change.
https://cyprusshippingnews.com/2025/09/10/sustainable-technologies-for-future-long-distance-shipping-towards-complete-decarbonisation/
3. VESON Chinese buyers fueling 30% boom in vintage VLCC values. Chinese buyers are fueling a sharp rise in demand for vintage very large crude carriers , with 81% of their acquisitions in this class involving vessels more than 15 years old over the last five years. This trend reflects structural changes in global oil flows since Russia’s invasion of Ukraine, where sanctions and the emergence of a shadow “dark fleet” have created premiums for older vessels that compliant modern tonnage cannot access, according to the latest Market Insight from Veson Nautical, a global leader in maritime data and freight management solutions.
https://cyprusshippingnews.com/2025/09/10/veson-chinese-buyers-fueling-30-boom-in-vintage-vlcc-values/
4. New report targets trillion-plus finance gap that risks stalling shipping’s energy transition. The Environmental Defense Fund and Lloyd’s Register Maritime Decarbonisation Hub, a partnership between Lloyd’s Register Group and Lloyd’s Register Foundation, have published Navigating the Net-Zero Transition – exploring innovative concepts to close the trillion-plus investment gap threatening the sector’s climate goals.
https://cyprusshippingnews.com/2025/09/10/new-report-targets-trillion-plus-finance-gap-that-risks-stalling-shippings-energy-transition/
5. Turkey’s GSD Marin returns to Japan for fresh ultramax order. Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029.
The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a joint venture between Imabari Shipbuilding and Japan Marine United, set to deliver in 2028.
https://splash247.com/turkeys-gsd-marin-returns-to-japan-for-fresh-ultramax-order/
6. Navios Partners snaps up boxship newbuild resales in $460m deal. The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party. The quartet comes backed by charters running 5.2 years, worth about $335m, with an optional one-year extension that could add a further $60m. Deliveries are scheduled between late 2027 and early 2028.
https://splash247.com/navios-partners-snaps-up-boxship-newbuild-resales-in-460m-deal/
7. Spanish ports closed to arms for Israel. Spain has banned ships and aircraft carrying weapons or military-grade fuel to Israel from calling at Spanish ports or entering its airspace due to Israel’s nearly two-year-long military offensive in Gaza.
“There is a difference between defending your country and bombing hospitals or starving innocent children,” Spanish prime minister Pedro Sanchez stated in a social media post yesterday.
https://splash247.com/spanish-ports-closed-to-arms-for-israel/
8. Aging Fleet and Geopolitical Tensions Drive ‘Soft’ Marine Insurance Market Despite Rising Premiums. The ocean hull insurance market is returning to a “soft environment” despite increasing premiums, according to Ilias P. Tsakiris, Chair of the International Union of Marine Insurance (IUMI) Ocean Hull Committee, speaking at the organization’s annual conference in Singapore today.
https://gcaptain.com/aging-fleet-and-geopolitical-tensions-drive-soft-marine-insurance-market-despite-rising-premiums/
9. Descartes: U.S. Container Imports Remain Resilient Despite China Pullback and Trade Policy Uncertainty. U.S. container import volumes maintained strong momentum in August despite ongoing trade policy turmoil, according to Descartes Systems Group’s latest Global Shipping Report released today. August volumes reached 2,519,722 TEUs, down 3.9% from July but still up 1.6% compared to August 2024.
https://gcaptain.com/descartes-u-s-container-imports-remain-resilient-despite-china-pullback-and-trade-policy-uncertainty/
10. Newsom to Curb Offshore Oil in Exchange for Onshore Output. Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore Corp. and its controversial project off the coast of Santa Barbara County.
The legislative package Newsom is proposing would see California demand stricter testing for restarting inactive intrastate oil pipelines, according to people familiar with the negotiations, who asked not to be identified discussing private deliberations.
https://gcaptain.com/newsom-to-curb-offshore-oil-in-exchange-for-onshore-output/