1. EuroHoldings announces successful completion of its spin-off from Euroseas. EuroHoldings, an owner and operator of ocean-going vessels and provider of seaborne transportation, announced that it has completed its spin-off from Euroseas . The Company’s shares commenced trading as of March 18, 2025, on the NASDAQ Capital Market under the symbol “EHLD.”
https://cyprusshippingnews.com/2025/03/24/euroholdings-announces-successful-completion-of-its-spin-off-from-euroseas/
2. Venezuela’s PDVSA to produce, refine and export crude previously handled by Chevron, document says. Venezuela’s state-run PDVSA has put together three operational scenarios as part of plan to continue producing and exporting heavy oil at the largest joint venture with Chevron in the country once a license to the U.S. major expires next month, according to a company document seen by Reuters on Monday.
https://cyprusshippingnews.com/2025/03/24/venezuelas-pdvsa-to-produce-refine-and-export-crude-previously-handled-by-chevron-document-says/
3. UK freight association dinner raises 10,000 for charity. The Zoe’s Place Baby Hospice charity is set to receive a donation of £10,000 from the British International Freight Association following fundraising at the trade association’s annual Liverpool region charity dinner.
https://cyprusshippingnews.com/2025/03/24/uk-freight-association-dinner-raises-10000-for-charity/
4. Renewable energy-rich developing nations priced out of shipping’s 1.6 trillion energy transition opportunity. A new study released today by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies—even when renewable energy resources such as onshore wind and solar are superior.
https://cyprusshippingnews.com/2025/03/24/renewable-energy-rich-developing-nations-priced-out-of-shippings-1-6-trillion-energy-transition-opportunity/
5. Surfrider Foundation’s reaction to Plastic Pellet Pollution in the North Sea. Following the collision in the North Sea between the container ship Solong and the tanker Stena Immaculate, industrial plastic pellet pollution has been detected in the water near a bay approximately 70 kilometers south of the accident site, as well as along a 30-kilometer stretch of coastline that includes several nature reserves.
https://cyprusshippingnews.com/2025/03/24/surfrider-foundations-reaction-to-plastic-pellet-pollution-in-the-north-sea/
6. Trump’s tariff war only directly impacting 1.5% of global seaborne trade volumes for now. Despite their high profile, US trade tariffs – and retaliatory actions – are to date impacting directly only 1.5% of global seaborne trade volumes, according to the latest data from Clarksons Research, which notes that in the previous 2018-19 trade war tonne-miles were cut by only 0.5%.
https://splash247.com/trumps-tariff-war-only-directly-impacting-1-5-of-global-seaborne-trade-volumes-for-now/
7. AI, automation and the future of maritime jobs. AI is reshaping the maritime industry at an unprecedented pace. From predictive maintenance and autonomous shipping to AI-driven recruitment and workforce optimisation, technology is making operations smarter, safer, and more efficient.
https://splash247.com/ai-automation-and-the-future-of-maritime-jobs/
8. Western Bulk pockets $1.5m profit from ultramax sale. Norwegian dry bulk operator Western Bulk Chartering has locked in about $1.5m profit from the sale of a 2020-built ultramax picked up by exercising a purchase option.The Oslo-listed company has offloaded the Western Singapore to Thai bulker owner Precious Shipping for $28m.
https://splash247.com/western-bulk-pockets-1-5m-profit-from-ultramax-sale/
9. China Discloses Powerful Deep-Sea Cable Cutter, SCMP Reports. China revealed for the first time that it has developed a compact deep-sea cable cutting device that is powerful enough to severe communication lines, the South China Morning Post reported.
https://gcaptain.com/china-discloses-powerful-deep-sea-cable-cutter-scmp-reports/
10. Carnival Says All Signs Point To Robust Cruise Demand Continuing. Chief Executive Officer Josh Weinstein batted away any attempts to tease out signs of weakening demand during a call with analysts following the company’s first quarter results.
So far, none of Carnival’s brands are experiencing a slowdown, while consumers have continued strong onboard spending in the first few weeks of March, Weinstein said. Meanwhile consumers aren’t opting for cheaper options either.
https://gcaptain.com/carnival-says-all-signs-point-to-robust-cruise-demand-continuing/