1. NorthStandard takes prudent position on P&I premiums with modest renewal increase. NorthStandard has advised Members of a 5% increase in P&I premiums for the marine insurance year, starting 20 February 2026, to reflect ongoing market unpredictability and risk.
https://cyprusshippingnews.com/2025/11/25/northstandard-takes-prudent-position-on-pi-premiums-with-modest-renewal-increase/
2. IMO Gender Equality Award to go to Professor Momoko Kitada. Professor Momoko Kitada, Nippon Foundation Professorial Chair in Gender and Innovation; Head, Maritime Education & Training at the World Maritime University (WMU), has been selected to receive the 2025 IMO Gender Equality Award, following her nomination by Japan.
https://cyprusshippingnews.com/2025/11/25/imo-gender-equality-award-to-go-to-professor-momoko-kitada/
3. US expands sanctions on tankers, companies involved in Iran oil trade. The US issued a new round of sanctions Nov. 20, targeting companies, shipping facilitators and tankers it claims are involved in Iranian oil and petroleum products trade.
https://cyprusshippingnews.com/2025/11/25/us-expands-sanctions-on-tankers-companies-involved-in-iran-oil-trade/
4. SHIP25 – a new standard form shipbuilding contract for a new era. Since its launch in 2000, SHIP 2000 has become a widely used standard form shipbuilding contract, both in the Nordics and beyond. Over the past 25 years, however, the shipping industry has changed significantly, creating a clear need for an updated contractual framework.
https://cyprusshippingnews.com/2025/11/25/ship25-a-new-standard-form-shipbuilding-contract-for-a-new-era/
5. Diana Shipping tables buyout offer for Genco. Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share.The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its position since first disclosing a 7.7% stake in July.
https://splash247.com/diana-shipping-tables-buyout-offer-for-genco/
6. Maran Tankers joins VLCC rush with four newbuilds at Hanwha Ocean. Maran Tankers has stepped back into the VLCC newbuilding market, sealing a four-ship deal at South Korea’s Hanwha Ocean after a four-year pause from ordering in the segment.
https://splash247.com/maran-tankers-joins-vlcc-rush-with-four-newbuilds-at-hanwha-ocean/
7. Pentagon Threatens Unprecedented Recall After Sen. Kelly Questions Legality of Deadly Drug-Smuggler Strikes. The Pentagon on Monday threatened to recall U.S. Senator Mark Kelly, a retired Navy captain, to active duty status in order to prosecute him after what it described as seditious behavior by the former astronaut and decorated veteran.
https://gcaptain.com/pentagon-threatens-unprecedented-recall-after-sen-kelly-questions-legality-of-deadly-drug-smuggler-strikes/
8. HD Hyundai Celebrates 5,000th Vessel—and a $1.5B Containership Deal. South Korean shipbuilding giant HD Hyundai has become the first shipbuilder in the world to deliver 5,000 vessels, marking a historic milestone half a century after delivering its first ship in 1974.
https://gcaptain.com/hd-hyundai-celebrates-5000th-vessel-and-a-1-5b-containership-deal/
9. “The Most Severe Conditions I’ve Ever Seen”: Inside the Daring Rescue of the MBC Baltic III. Before sunrise off Newfoundland, Rescue 901 launched into one of its toughest missions—battling violent winds, icy decks, and a disintegrating ship to save all 20 crew of the crippled Baltic III. Their skill and resolve earned national recognition for bravery.
https://www.seanews.co.uk/featured/the-most-severe-conditions-i-ve-ever-seen-inside-the-daring-rescue-of-the-mbc-baltic-iii
10. European Commission to Define Actions to Strengthen Maritime Industry.
The visit allowed Fincantieri to share its priorities: strengthening Europe’s industrial competitiveness, investing in innovation, digitalisation, and decarbonisation – including through long-term technologies – and recovering strategic market segments.
https://www.seanews.co.uk/maritime/european-commission-to-define-actions-to-strengthen-maritime-industry