28th June 2025 – 4th July 2025
LOCAL NEWS
No news reported.
INTERNATIONAL NEWS
1. Paris MoU 2024 Performance lists
The Paris MoU Committee approved at its 58th meeting the 2024 inspection results and adopted new performance lists for flag States and Recognized Organizations.
According to Paris MoU, these lists will be used from 1 July 2025.
The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. It is based on the total number of inspections and detentions during a 3-year rolling period for flags with at least 30 inspections in that period.
Regarding the “White, Grey and Black List” for 2024, a total number of 69 flags are listed:
- 40 on the “White List” – including Cyprus;
- 17 on the “Grey List”;
- 12 on the “Black List”.
To remind, in 2023, the total number of flag States on the list was 71, with 42 on the “White List,” 17 on the “Grey List,” and 12 on the “Black List.”
Cyprus continues to maintain its position as a top-performing flag State, reflecting its strong compliance with international safety and quality standards.
In addition, being on the White List and especially as high as Cyprus is, offers operational advantages. Most notably, Cyprus-flagged vessels are subject to significantly fewer inspections across Paris MoU ports, reducing delays, administrative burdens and potential commercial disruptions.
Related Articles:
Paris MoU 01/07 - 2024 Performance lists Paris MoU
Safety4Sea 01/07 - Paris MoU 2024 Performance lists
Fast Forward 02/07 - Cyprus-Flagged Ships: 2,226 Inspections, Just 63 Detentions
2. ICC Global Trade report
On 23 June 2025, the International Chamber of Commerce (ICC) issued its latest report highlighting important updates in Global Trade.
The most major points of the Report are the following:
- U.S. Tarrifs
The US-UK partnership established low tariffs on various products, potentially boosting shipping demand, while the US and Canada remain in a tariff dispute over aluminium and steel.
- China’s Preference Scheme
China has pledged zero tariffs for 53 African nations, signalling a shift in global trade and urging support for developing countries.
China-Africa Changsha Declaration on Upholding Solidarity and Cooperation of the Global South
- Updates to European Union’s Trade Regime
Customs reform
The EU has made significant strides in modernizing Customs procedures, enhancing speed, efficiency, security, and sustainability. Key advancements were also noted in other fields such us employment, competitiveness, taxation, energy and more.
Economic and Financial Affairs Council, 20 June 2025
First measure under the EU International Procurement Instrument
The EU is addressing China's restrictions on EU medical device producers' access to government contracts and may exclude Chinese bidders.
Carbon Border Adjustment Mechanism latest
The introduction of a Carbon Border Adjustment Mechanism aims to support small and medium-sized producers, consequently boosting trade. The Council of the EU and the European Parliament will now enter into negotiations to agree the final text of the simplification measures before it can be formally adopted.
CBAM: Deal with Council to simplify EU carbon leakage instrument
Revised FDI screening
The EU has begun interinstitutional negotiations on revising the EU’s framework for screening of foreign direct investment (FDI). The new rules aim to ensure that:
- Ensure that all member states have a screening mechanism in place, with more harmonised national rules.
- Identify a minimum sectoral scope where all member states must screen foreign investments.
- Extend EU screening to include investments by EU investors ultimately controlled by individuals or entities from a non-EU country.
Related Article:
Attachment 1: ICC Global Trade report
3. ASPIDES downgrades threat level for US affiliated ships in Red Sea
Following the latest developments in the Red Sea and since a ceasefire between the United States, Israel and Iran occurred on 24 June 2025, Operation ASPIDES has decided to decrease the current assessment for US affiliated vessels only.
As stated in the latest advisory, now the assessment is MODERATE for vessels with US interests, transiting through Red Sea, Strait of Bab El Mandeb and Gulf of Aden. In addition, the assessment remains SEVERE for vessels with Israel interests, transiting through Red Sea, Strait of Bab El Mandeb and Gulf of Aden.
The assessment remains LOW for vessels with no link to US or Israel interests transiting through Red Sea, Strait of Bab El Mandeb and Gulf of Aden. However, this does not exclude the possibility of merchant vessels being targeted in the future.
Related Articles:
Safety4Sea 01/07 - ASPIDES downgrades threat level for US affiliated ships in Red Sea
MFAME 02/07 - Aspides Reduces Threat Level to Moderate for US Affiliated Ships in the Red Sea
4. US TREASURY REPORT
The US Treasury Report for all actions reported is hereby attached.
Related Article:
Attachment 2: US Treasury Report for week 28/06/2025 – 04/06/2025
5. PIRACY REPORT
The Piracy Report for all actions reported is hereby attached.
Related Article:
Attachment 3: Worldwide Threat to Shipping (WTS) Report, for the period between 04/06/2025 – 02/07/2025
Nothing important to report from Local News, the ILO and the House of Representatives.