Tuesday, May 11, 2021
Drone Photo Of A Product Tanker carrying Gasoline.
News

Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages

By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...

5 hours ago
Total Views: 1139

Monday, May 10, 2021
Colonial Pipeline Holding tanks Dorsey Junction Station
News

U.S. Gas Stations Run Dry As Pipeline Races To Recover From Hacking

Oil tanker charter rates skyrocketing in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go. By Joe Carroll (Bloomberg) –Gas stations along the U.S. East Coast...

11 hours ago
Total Views: 781

crowley jones act tanker
News

Colonial Pipeline – To Waive Or Not To Waive The Jones Act

By Salvatore R. Mercogliano, Ph.D. (gCaptain) The cyberattack upon the Colonial Pipeline on Friday, May 7, 2021 has resulted in the shutdown of a major conduit that provides 45 percent of...

19 hours ago
Total Views: 4640

nyc-tanker-ship-konrad
News

Tanker Traders Jockey For Position As Colonial Pipeline Fights Hackers For A Third Day

The ocean-going tanker Pacific Jasper that had been taking gasoline toward the U.S. Gulf stopped on its voyage and is now stationed east of the Bahamas. If the halt is...

May 10, 2021
Total Views: 3483

prelude flng
Maritime News

China Bans Some Australian LNG Cargoes

By Stephen Stapczynski (Bloomberg) At least two of China’s smaller liquefied natural gas importers have been told to avoid buying new cargoes from Australia, a further example of the impact...

May 10, 2021
Total Views: 7773

Friday, May 7, 2021
seafarer
Maritime News

Crew Change Crisis 2.0 Shows Signs of Worsening Amid India Virus Surge

By Ann Koh (Bloomberg) Hundreds of thousands of seafarers risk being stuck at sea beyond the expiry of their contracts because of India’s surging coronavirus outbreak, according to one of the...

May 7, 2021
Total Views: 1686

Wednesday, May 5, 2021
Mumbai Maersk at the Port of Tanjin Pelepas
Finance

Maersk Says Mega Ships Will Carry Mega Profits Into 2022

By Jacob Gronholt-Pedersen (Reuters) Denmark’s Maersk (AMKBY) said on Wednesday it expected its “exceptionally strong” performance in the first quarter to continue for the rest of the year, driven by...

May 5, 2021
Total Views: 6666

Chinese militia vessels spotted at Sabina Shoal in South China Sea
Maritime News

Philippine Coast Guard Tells Vessels To Ignore The Chinese Militia

by Karen Lema (Reuters) – The Philippines has rejected an annual summer fishing ban imposed by China in the disputed South China Sea and encouraged its boats to keep fishing...

May 5, 2021
Total Views: 3597

Monday, May 3, 2021
lng carrier
Maritime News

LNG Cargoes Diverted from India as COVID Crisis Dampens Demand -Sources

By Jessica Jaganathan SINGAPORE, May 3 (Reuters) – Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand,...

May 3, 2021
Total Views: 1862

Container-ship Departure Houston
Maritime News

Sea Cargo Chaos Intensifies In The Summer Of Sold-Out Ships

By Brendan Murray (Bloomberg) Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting...

May 3, 2021
Total Views: 13172

Tuesday, April 27, 2021
Maritime News

Huge Spike In Shipping Containers Lost At Sea

By Ann Koh (Bloomberg) Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo...

April 27, 2021
Total Views: 31548

Monday, April 26, 2021
bulk-ship-loading-grain
Finance

Agriculture Prices Soar Alongside Bulkship Rates

The Baltic Dry Index and bulk ship rates are soaring along with related ETFs. One reason might be a surge in global wheat, corn, and soybean prices alongside new export...

April 26, 2021
Total Views: 2363

Thursday, April 22, 2021
harbor harvest
Maritime News

Documentary: The Last Line

“The Last Line” is the first documentary produced by Alternative Marine Technologies in association with Harbor Harvest & First Harvest Navigation, focussing on a series of economic, farming and transportation...

April 22, 2021
Total Views: 2560

Monday, April 12, 2021
Mumbai Maersk Containership
Maritime News

High Shipping Costs Are Here to Stay, Says Bloomberg

By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....

April 12, 2021
Total Views: 4142

Tuesday, April 6, 2021
News

Watch: This Is Why Biden’s $2 Trillion Infrastructure Plan Will Fail

In the United States, we have a problem that’s so BIG and obvious that even Elon Musk can’t see it. Our highways are broken, our streets are clogged with traffic,...

April 6, 2021
Total Views: 6692

Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

April 1, 2021
Total Views: 2983

Wednesday, March 31, 2021
ever given satellite photo
Accidents

Egyptian Investigators Kick Off Probe in Suez Canal Blockage

SMAILIA, Egypt March 31 (Reuters) – Divers inspected the hull of the Ever Given on Wednesday as the man tasked with investigating how the giant container ship ran aground, choking...

March 31, 2021
Total Views: 10607

Tuesday, March 30, 2021
Maritime News

End of Suez Snarl Marks Beginning of New Stress on Global Trade

Brendan Murray (Bloomberg) – Now removed from the Suez Canal’s main channel, the Ever Given leaves in its wake several weeks or months of disruptions across a world economy where...

March 30, 2021
Total Views: 5894

Monday, March 29, 2021
Spire AIS Global Ship Voyage Data
News

Ship Backlog from Suez Closure Will Take Months to Clear, Shipping Lines Say

COPENHAGEN/LONDON, March 29 (Reuters) – The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months...

March 29, 2021
Total Views: 5467

Friday, March 26, 2021
Sheep_Ship Livestock Carrier
Maritime News

Sheep Bake Aboard Ships Waiting For Suez Canal To Reopen

By Michael Hirtzer (Bloomberg) – Of all the millions of tons of cargo that’s piled up in the Suez Canal, none is more delicate than the animals crammed into the hulls...

March 26, 2021
Total Views: 33877