Shipping

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.


Friday, September 6, 2024
A containership docking at the Port of Cape Town
Shipping

Container Spot Rates Plummet as Asia-Europe Trades Witness Double-Digit Declines

By Gavin van Marle (The Loadstar) – The steady decline of container spot freight rates between Asia and Europe turned decidedly steeper this week, with

September 6, 2024
Total Views: 1908

A tug escorts a containership at the Port of Los Angeles, California. Photo: Robert V Schwemmer / Shutterstock.com
Shipping

California Passes Bill to Enhance Maritime Safety and Port Efficiency

California’s legislature has approved Assembly Bill 1122, a significant step towards improving mariner safety and port operations stability on the

September 6, 2024
Total Views: 1541

Thursday, September 5, 2024
Stock photo of an oil tanker moored at sea
Shipping

Libya Oil Exports Still Mostly Shut, Some Ships Loading From Storage

BENGHAZI, Sept 5 (Reuters) – Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to

September 5, 2024
Total Views: 1169

Arctic LNG 2 employee overlooking the Belokamenka construction yard. (Source: Novatek)
Shipping

Breaking: U.S. Sanctions Additional LNG Carriers In Effort to Deep Freeze Russia’s Arctic LNG 2

By Malte Humpert (gCaptain) – Just days after sanctioning seven LNG carriers associated with Russia’s flagship liquefied gas project, Arctic LNG 2, the

September 5, 2024
Total Views: 2958

Bunker Spill Shuts Several Beaches in Spain’s Gran Canaria
Oil Spill

Bunker Spill Shuts Several Beaches in Spain’s Gran Canaria

TELDE, Sept 5 (Reuters) – An oil spill off the Spanish island of Gran Canaria forced local authorities to close several beaches in the popular holiday

September 5, 2024
Total Views: 1496

FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Maersk: Red Sea Reroutings Will Continue as Attacks Intensify

Shipping giant Maersk, the world’s second-largest liner operator, says it will continue to avoid trade routes through the Red Sea until safety of its

September 5, 2024
Total Views: 1033

Wednesday, September 4, 2024
Port of long beach
Shipping

MSC Grows Shipping Empire with Second-Hand Vessels

Mediterranean Shipping Company (MSC) has maintained its dominant position in the container shipping industry through an unprecedented buying spree of

September 4, 2024
Total Views: 2736

COSCO bulk ship at sea
Shipbuilding

COSCO Shipping Inks Massive 42-Vessel Deal

COSCO SHIPPING Development, a subsidiary of China state-owned COSCO Group, has announced a landmark agreement for the investment, construction, and leasing of

September 4, 2024
Total Views: 2077

FILE PHOTO: Container vessel Maersk Hangzhou sails in the Wielingen channel, Westerschelde, Netherlands, July 15, 2018. Rene van Quekelberghe/Handout via REUTERS/File Photo
Shipping

Container Shipping Industry Sees Surge in Profits Amid Global Trade Challenges

The container shipping industry reported a significant profit increase in the second quarter of 2024. According to John McCown’s quarterly report on

September 4, 2024
Total Views: 1268

A Wallenius Wilhelmsen vessel in port
Environment

DNV Awards Wallenius Wilhelmsen First Biofuel Insetting Verification

Classification society DNV has awarded Wallenius Wilhelmsen its first biofuel insetting verification statement in recognition of the company’s use of

September 4, 2024
Total Views: 613

Singapore Allows Night Movements at Pasir Panjang Container Terminal to Reduce Wait Times
Shipping

Singapore Allows Night Movements at Pasir Panjang Container Terminal to Reduce Wait Times

SINGAPORE, Sept 4 (Reuters) – Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a

September 4, 2024
Total Views: 850

MV Ruby at anchor
Accidents

Norwegian Authorities Secure Damaged Cargo Ship Carrying Hazardous Materials

Norwegian authorities have successfully managed a potential maritime crisis involving the cargo ship RUBY, which sought emergency port in Tromsø harbor due to

September 4, 2024
Total Views: 3741

Aerial top view of a containership underway
Shipping

WTO: Global Goods Trade Recovery Extends Into Third Quarter

(Bloomberg) — Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity

September 4, 2024
Total Views: 371

Chinese container ship Arctic
Shipping

Chinese Container Ship Becomes Largest to Travel Through Arctic

By Malte Humpert (gCaptain) – Hong Kong-flagged and owned container ship NewNew Star has become the largest non-ice class box ship to travel across the

September 4, 2024
Total Views: 7517

The Coast Guard Cutter Healy (WAGB-20), a polar-class ice breaker, transits Southeast Alaskan waters Nov. 24, 2018. U.S. Coast Guard Photo
Shipping

GAO Report Reveals Coast Guard’s Arctic Challenges, Calls for Improved Planning

The U.S. Government Accountability Office (GAO) has released a new report highlighting significant challenges faced by the U.S. Coast Guard in its Arctic

September 4, 2024
Total Views: 1538

Tuesday, September 3, 2024
Aerial photo historic SS United States in Philadelphia
Shipping

SS United States Faces Uncertain Future as Court-Imposed Deadline Approaches

The historic ocean liner SS United States is facing a critical juncture as a September 12 deadline looms for its removal from its current berth in

September 3, 2024
Total Views: 4329

Vytautas Kielaitis / Shutterstock.com
Shipping

Cargo Losses Surge Off South African Coast Amid Red Sea Rerouting

An MSC ship has lost dozens of containers overboard after encountering severe winter weather off the coast of South Africa, marking the third such incident in

September 3, 2024
Total Views: 2906

A silhouette of a ship underway in the distance at dusk
Shipping

Cargo Ship with Ammonium Nitrate Seeks Emergency Port in Norway

A Malta-registered cargo ship named Ruby has sought emergency port in Tromsø harbor, Norway, due to hull damage after a grounding. The vessel,

September 3, 2024
Total Views: 12856

FILE PHOTO: Liquified natural gas vessel Kmarin Diamond, the LNG tanker in eight months to arrive at Freeport LNG fire-idled export plant, is seen at the facility in Freeport, Texas, U.S., February 11, 2023. REUTERS/Arathy Somasekhar/File Photo
Shipping

North American LNG Export Capacity Set to Double by 2028

North America’s liquefied natural gas (LNG) export capacity is projected to more than double between 2024 and 2028, contingent on the timely completion

September 3, 2024
Total Views: 1110

MT SOUNION pictured September 2, 2024, in the Red Sea. EUNAVFOR Photo
Accidents

SOUNION Salvage Operation Faces Setback in Red Sea

The salvage operation for the oil tanker MT Sounion is facing a setback as private companies involved in the rescue efforts have determined that conditions are

September 3, 2024
Total Views: 6064