JOLTs job openings exceed forecasts, signaling steady labor demand
JOLTs job openings exceed forecasts, signaling steady labor demand
in
World Economy News
05/05/2026
The latest data from the U.S. Bureau of Labor Statistics reveals that job openings in the United States have surpassed expectations, signaling a steady demand for labor in the economy. The Job Openings and Labor Turnover Survey (JOLTs) reported an actual figure of 6.866 million job openings, slightly above the forecasted 6.860 million.
This marginally higher-than-expected figure indicates resilience in the labor market, suggesting that employers are maintaining a steady pace of recruitment despite broader economic uncertainties.
Weekly Vessel Valuations Report, May 05 2026
Weekly Vessel Valuations Report, May 05 2026
in
Weekly Vessel Valuations Report
05/05/2026
Bulkers:
Older Panamaxes have come up this week following a flurry of recently sold vessels.
Panamax BC Donousa (76,400 DWT, Jun 2004, Tsuneishi Zosen) sold by Dileton Maritime for USD 9.3 mil, VV Value USD 8.7 mil.
Ultramax Amstel Tiger (60,500 DWT, Aug 2016, Oshima) sold by Triton Navigation SS/DD Due for USD 27.8 mil, VV Value USD 28.2 mil.
Supramax Honcho (56,600 DWT, May 2011, COSCO HI) bought by Greek buyers SS/DD Due for USD 13.4 mil, VV Value USD 14.1 mil.
Tankers:
8-year-old Aframaxes are currently selling at parity with newbuild values, driven by its versatility and sustained demand across the Tanker sector.
Suezmax Aegean Horizon (158,700 DWT, Aug 2007, HHI Ulsan) sold to undisclosed buyers for USD 50.10 mil, VV Value USD 47.58 mil
Aframax Southern Reverence (108,700 DWT, Mar 2018, Tsuneishi Zosen) sold for USD 75 mil, VV Value USD 76.36 mil
Aframax Pusaka Borneo (108,500 DWT, Nov 2018
Cruise Ship Hantavirus Outbreak Points to Virus Spreading Among Humans
Cruise ship MV Hondius docks off Cape Verde port, as passengers were not allowed off the ship, while health authorities investigated suspected cases of hantavirus aboard the vessel, in Praia Port, Cape Verde, in this screengrab obtained from a video, May 4, 2026. REUTERS TV via REUTERS
Cruise Ship Hantavirus Outbreak Points to Virus Spreading Among Humans
Bloomberg
Total Views: 0
May 5, 2026
By Marthe Fourcade and Jason Gale (Bloomberg) — The cruise ship where a handful of passengers
contracted a rare respiratory virus
, stranding hundreds aboard, will travel to the Canary Islands once two ill crew members are medically evacuated, the World Health Organization said, adding it suspects limited transmission between passengers.
Two passengers have so far been confirmed to have a variant of hantavirus, a rare infection that typically spreads to humans through contact with infected rodents and their droppings. One was among three people who have died in the outbreak and the other is in inte
OceanScore Pool-Price Index Market Commentary: May 2026
OceanScore Pool-Price Index Market Commentary: May 2026
in
International Shipping News
,
Monthly OceanScore Pool-Price Index
06/05/2026
With the pooling window for 2025 compliance balances now closed, attention has moved to 2026.
The OceanScore Pool-Price Index (OPX) increased to €225 per ton of CO₂e in May, up from €196 in April.
The pattern resembles what we saw one year ago. The year starts with a wide spread of offers, reaching up to €300, reflected in the higher OPX level. At the same time, market activity remains low.
Most offers currently sit between €170 and €210.
Athens-based Maritime Emissions Reduction Centre welcomes Cargill as newest member
Athens-based Maritime Emissions Reduction Centre welcomes Cargill as newest member
in
Hellenic Shipping News
06/05/2026
Cargill’s membership underlines MERC’s expanding international reach and highlights the increasing influence of commercial operators in driving emissions reduction.
The Maritime Emissions Reduction Centre (MERC) has welcomed Cargill as its newest member, broadening the industry collaboration working to reduce greenhouse gas emissions from the existing global shipping fleet.
Cargill’s membership strengthens MERC by adding the perspective of a major charterer to the Centre’s work. This addition reflects the growing role that commercial operators can play in helping identify, assess and scale practical emissions-reduction measures for ships already in service.
Together with Drydocks World, who joined MERC earlier this year, the expanded membership strengthens the MERC’s role as a collaborative industry platform to pursue practical emissions reduction measures.
MERC is an
Why are 110 certified Indian ship recycling yards frozen out by Brussels?
Why are 110 certified Indian ship recycling yards frozen out by Brussels?
in
International Shipping News
06/05/2026
In February, the European Commission adopted the 15th edition of the European List of Ship Recycling Facilities. The list now contains 41 facilities of which 30 are in the European Union (EU), Norway and the UK, 10 are in Türkiye and one is in the United States.
Once again, the EU member states have voted to support the Commission’s recommendation to not add any recycling facilities in South Asia despite a significant transformation at many yards in the region.
Today, over 110 Indian recycling yards hold a Hong Kong Convention (HKC) Statement of Compliance, issued by International Association of Classification Societies (IACS) members. In addition, 23 yards in Bangladesh have been authorised to conduct ship recycling by their national authorities as per HKC requirements.
Greek Owners Invest Over $10 Billion in Newbuildings
Greek Owners Invest Over $10 Billion in Newbuildings
in
Hellenic Shipping News
06/05/2026
G
reek owners have placed newbuilding orders worth over $10 billion during the first quarter of the year, with interest across all major shipping markets. In its latest weekly report, shipbroker Xclusiv said that “Greek newbuilding activity reached an exceptional threshold in the first quarter of 2026, with orders placed across all four sectors totalling 102 vessels at a combined value of approximately $10.1 billion — a 3.6-fold increase in volume versus the 28 vessels ordered in Q1 2025, and the most capital-intensive quarter on record in this dataset. The tanker sector was the unambiguous driver, but the breadth of the commitment — spanning large crude, LNG, dry bulk, and smaller containers — reflects a strategic repositioning by Greek principals at a pace and scale not seen in recent cycles”.
Source: Xclusiv
According to Xclusiv, “the tanker sector accounts for both the volume and the financial
IACS publishes results of Concentrated Inspection Campaign on onboard Emergency Power Supply
IACS publishes results of Concentrated Inspection Campaign on onboard Emergency Power Supply
in
International Shipping News
06/05/2026
Inspections conducted on over 36,000 ships during 2025, and recommendations made to improve emergency power supply tests
5th May 2026 – IACS, the membership organisation for the world’s leading classification societies, has published the results of its Concentrated Inspection Campaign on Emergency Power Supply Tests on ships, conducted during 2025, and made a number of recommendations that will improve compliance with SOLAS requirements.
The campaign was launched in response to concerns raised by the Tokyo MoU over risks in the testing procedures, following observations raised by Port State Control officers over the reliability of ‘simulated blackout’ tests as demonstrating SOLAS compliance.
The Concentrated Inspection Campaign commenced on 1 January 2025 and ended on 31 December 2025. During this 12-month period, emergency power supply inspections were
Presentation of the ECB Annual Report 2025 to the Committee on Economic and Monetary Affairs of the European Parliament
Presentation of the ECB Annual Report 2025 to the Committee on Economic and Monetary Affairs of the European Parliament
in
World Economy News
06/05/2026
It is a privilege to present the ECB’s Annual Report for 2025 to this Committee. As you may know, it is the last time I will do so, as my eight-year mandate as Vice-President comes to an end later this month. That makes today’s exchange particularly meaningful for me.
Alongside the Annual Report, we are publishing our formal response to the European Parliament’s resolution on last year’s report.
Synthetic rope replaces steel wire on deepwater support vessel, changing how crew work on deck
Synthetic rope replaces steel wire on deepwater support vessel, changing how crew work on deck
Posted to
Maritime Reporter
(by
Teijin Aramid
)
on
May 3, 2026
Stabbert Maritime has retrofitted its multipurpose offshore support vessel Ocean Guardian with a synthetic hoisting system after steel wire rope began dictating how and where crew could safely work during daily deepwater operations.
The Seattle-based operator runs Ocean Guardian on continuous subsea, survey, and scientific support missions to depths of 6,000 meters. At that depth and frequency, lifting is not an occasional event. It is a daily routine, and the properties of the hoisting rope directly affect how every other task on deck gets done.
Steel wire created three compounding problems.