1. Costamare announced completion of the Costamare Bulkers Holdings Limited Spin-Off. Costamare Inc. (NYSE:CMRE) (the “Company”) announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025.
https://cyprusshippingnews.com/2025/05/15/costamare-announced-completion-of-the-costamare-bulkers-holdings-limited-spin-off/
2. Crowley’s Copán expands shipping capabilities for US, Central America and Caribbean. Copán, the second vessel in Crowley’s Avance Class fleet of LNG-powered containerships, has begun its inaugural commercial operations from the Port of Jacksonville, Florida, further expanding the company’s capacity and enhancing speed of ocean shipping for the Caribbean Basin.
https://cyprusshippingnews.com/2025/05/15/crowleys-copan-expands-shipping-capabilities-for-us-central-america-and-caribbean/
3. Chalos & Co summary of ‘Hot Topics’ from IMO Spring 2025 Committee Meetings in London. We share the following significant outcomes for vessel owners and operators from this Spring’s International Maritime Organization’s (IMO’s) Committee Meetings:
https://cyprusshippingnews.com/2025/05/15/chalos-co-summary-of-hot-topics-from-imo-spring-2025-committee-meetings-in-london/
4. Strong industry turnout for Indian Register of shipping stakeholder event during Seatrade Maritime Middle East. Indian Register of Shipping , a leading international classification society, marked a significant presence at the Seatrade Maritime Middle East 2025, showcasing its expanding portfolio of services, including advancements in digitalisation, decarbonisation, and maritime sustainability initiatives.
https://cyprusshippingnews.com/2025/05/15/strong-industry-turnout-for-indian-register-of-shipping-stakeholder-event-during-seatrade-maritime-middle-east/
5. EU sanctions target nearly 200 Russia-linked ships. European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports.
https://splash247.com/eu-sanctions-target-nearly-200-russia-linked-ships/
6. Norden exercises option for two more MPPs. Danish shipping giant Norden has decided to increase its multi-purpose (MPP) fleet by signing newbuilding leases with purchase options for two vessels.
These two vessels are options to the recently signed deals for two identical vessels set to deliver in 2026. This latest pair of 17,500 dwt vessels is expected to be delivered in 2026 and 2027.
https://splash247.com/norden-exercises-option-for-two-more-mpps/
7. Suez Canal offers discount in bid to lure boxships back. Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close.
https://splash247.com/suez-canal-offers-discount-in-bid-to-lure-boxships-back/
8. Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume Last Few Days. The world’s No. 5 container carrier is seeing a jump in business this week after the US and China lowered tariffs, the company’s CEO said, as the trade war cease-fire unleashes a wave of pent-up demand for transpacific shipping.
https://gcaptain.com/hapag-lloyd-ceo-sees-huge-surge-in-volume-last-few-days/
9. Russia to Spend $6bn To Jumpstart Domestic Shipbuilding, Includes 130 Vessels for Arctic. Russia has announced a RUB 500bn ($6bn) plan to revitalize domestic shipbuilding. The National Strategy for the Development of the Shipbuilding Industry outlines an extensive program to add 1,637 merchant vessels to its fleet by 2036.
https://gcaptain.com/russia-to-spend-6bn-to-jumpstart-domestic-shipbuilding-includes-130-vessels-for-arctic/
10. ISSA strengthens sustainability commitment through Green Marine partnership and IMEF engagement.
The International Shipsuppliers & Services Association (ISSA) has taken two major steps forward in its environmental and sustainability journey by becoming an Association Member of Green Marine International and actively contributing to the IMPA Maritime Environmental Footprint (IMEF) initiative.
https://www.shipmanagementinternational.com/news/issa-strengthens-sustainability-commitment-through-green-marine-partnership-and-imef-engagement