gCaptain – Maritime and Offshore News

A Chinese flag is seen in front of the Friendship bridge over the Yalu River connecting the North Korean town of Sinuiju and Dandong in China
Navy

China Has Militarized Seafarers Says US Navy Report

by Captain John Konrad (gCaptain) Over the many years of reporting maritime news, the idea that China could militarize its commercial maritime fleet has been dismissed by most of the...

Friday, May 20, 2022

Today
Defense

Biden, S.Korea’s Yoon Vow To Deter N.Korea With Bigger Drills And More Weapons

By Trevor Hunnicutt, Josh Smith and Hyonhee Shin SEOUL, May 21 (Reuters) – President Joe Biden and his new South Korean counterpart agreed on

42 seconds ago
Total Views: 0

Shipping

Russia Stops Gas Supply To Finland Over Refusal To Pay In Rubles

By Kati Pohjanpalo (Bloomberg) –Russia has cut Finland off from its natural gas supplies as relations between the two neighbors sour over the Nordic

3 hours ago
Total Views: 411
Shipping

Suez Canal Revenues Set To Reach $7 Billion By End Of Fiscal Year 

CAIRO May 21 (Reuters) – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance

4 hours ago
Total Views: 182

Shipping

New LNG Deal Will Allow Finland, Estonia to End Russian Gas Imports

By Sergio Chapa (Bloomberg) —Excelerate Energy Inc. signed a 10-year deal to move a ship that stores liquefied natural gas to Finland, allowing the

4 hours ago
Total Views: 1512

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Friday, May 20, 2022
port of deluth
Shipping

Great Lakes Shipping Sees Strong Start to the Season Led by Grain Exports

Shipping on the Great Lakes has kicked off with a bang this season as ports in the region step up to fill the global void of grain caused by

21 hours ago
Total Views: 1026

Shipping

Container Shipping Earned ‘Mind-Bending’ $59.3 Billion Quarterly Profit -McCown

Ocean carriers raked in a “mind-bending” $59.3 billion profit in the first quarter of the year—the highest quarterly earnings in container

24 hours ago
Total Views: 3590

Sovcomflot ship bridge
Shipping

Russian Oil Producers Snap Up Sovcomflot Tankers Shunned By Rest of the World

By Debjit Chakraborty, Julian Lee and Serene Cheong (Bloomberg) — Russian oil producers are starting to book up an increasing number of tankers owned by

May 20, 2022
Total Views: 6074

vlcc tanker
Shipping

China Quietly Ramping Up Purchases of Cheap Russian Oil

By Chen Aizhu and Florence Tan SINGAPORE, May 20 (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain prices,

May 20, 2022
Total Views: 1338

Shipping

Breakbulk Europe: Uncertainty Surrounding Future Fuels

By Ira Breskin ROTTERDAM—There is no clearly optimal marine fuel to power the current and future generation of cargo vessels, speakers said Thursday here at

May 20, 2022
Total Views: 433


Friday, May 20, 2022
Shipping

Carriers’ Blank Sailings Check Rates Decline as Regulators Watch On

By Mike Wackett (The Loadstar) – The ‘drip-drip’ erosion of container spot rates on the transpacific and Asia-Europe tradelanes since the Chinese

May 20, 2022
Total Views: 1066

Gianluigi Aponte portrait
Shipping

Former-Banker Turned Shipping Magnate Rides Pandemic Shipping Boom to $19 Billion Fortune

By Ben Stupples (Bloomberg) — Gianluigi Aponte left a job in finance to focus on shipping. Now, decades later, he has one of the world’s biggest

May 20, 2022
Total Views: 2229

Defense

Maritime Security Program Cargo Ship Set to Transport Medical and Defense Supplies Towards Ukraine

The ‘Arc Integrity’ is enrolled in the Maritime Administration’s Maritime Security Program (MSP), the maritime readiness program that maintains

May 20, 2022
Total Views: 2709

Thursday, May 19, 2022
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog
Shipping

More Russian Oil Heading East Squeezes Iranian Crude Sales to China

By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu LONDON, May 19 (Reuters) – Iran’s crude exports to China have fallen sharply since the

May 19, 2022
Total Views: 3523

Tugs and barges on the Mississippi River
Accidents

Coast Guard Safety Alert Addresses Water and Contaminants in Marine Fuel Systems

The U.S. Coast Guard is warning vessel owners and operators of the hazards associated with water and other contaminants in marine fuel systems. The Coast

May 19, 2022
Total Views: 1634

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Thursday, May 19, 2022
Shipping

NOAA Requests Proposals for the Design and Construction of New Ocean Survey Ships

The U.S. National Oceanic and Atmospheric Administration (NOAA) is seeking proposals from U.S. shipbuilders for the design and construction of two new ocean

May 19, 2022
Total Views: 2332

container ship
Shipping

Seaspan Orders Four LNG Containerships Backed by Long-Term Charters

Containership lessor Seaspan Corporation has once again expanded its newbuild orderbook, announcing it has entered into shipbuilding agreements for the

May 19, 2022
Total Views: 1444

Accidents

Three Killed and Two Missing as Tug Sinks Off Italy

ROME, May 19 (Reuters) – Three people died and two were still missing after a tugboat sank off the southern Italian coast while pulling a

May 19, 2022
Total Views: 2653

Offshore

Biden Administration to Issue New Five-Year Offshore Oil and Gas Proposal By End of June

The U.S. Department of the Interior will release its proposal for offshore oil and gas lease sales for the next five years by the end of June, Interior

May 19, 2022
Total Views: 724

panama canal tonnage record
Shipping

Panama Canal Ship Queue Reflects Shipping Bottlenecks

By James Attwood, Augusta Saraiva and Sergio Chapa (Bloomberg) — The global shipping bottlenecks rattling industries and consumers in the pandemic era

May 19, 2022
Total Views: 6979