Shipping

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


Wednesday, June 12, 2024
Statue of Liberty overlooking Port of New York and New Jersey
Shipping

U.S. Port Strike Threat to Test Shippers’ Nerves

June 12 (Reuters) – – Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other

June 12, 2024
Total Views: 2336

An EUNAVFOR warship escorts a merchant vessel in the Red Sea
Shipping

Frontline CEO Sees Ships Avoiding Red Sea Even With a Ceasefire

By Alex Longley (Bloomberg) — It’s “naive” to assume merchant vessels will start sailing through the Red Sea again if there’s an agreement to

June 12, 2024
Total Views: 1413

Salvors continue working to clear the Francis Scott Key Bridge wreckage, May 23, 2024, in an effort to reopen the full 700 ft wide Fort McHenry Federal Channel. U.S. Army Corps of Engineers photo by Christopher Rosario
Shipping

Dwell Times Stabilize as Port of Baltimore Resumes Full Operations

The Port of Baltimore has officially reopened and resumed operations at full capacity, marking a major milestone in the massive cleanup effort after the M/V

June 12, 2024
Total Views: 934

A tanker transits through the Panamax locks of the Panama Canal. Photo courtesy Panama Canal Authority
Shipping

Panama Canal Continues to Ease Drought Restrictions as Rainy Season Kicks Off

The Panama Canal Authority has announced another increase in the number of daily transits through the waterway’s locks as rainfall returns to the region. The

June 12, 2024
Total Views: 989

Port Houston container terminal aerial
Shipping

Potential Strike Action at U.S. East and Gulf Coast Ports Threatens Further Disruption, Higher Shipping Rates

The International Longshoremen’s Association (ILA) has suspended negotiations with the United States Maritime Alliance over a new labor contract for

June 12, 2024
Total Views: 1286

Tuesday, June 11, 2024
Scorpio Tankers' handymax tanker STI Batterdea enters the port of Rotterdam
Shipping

Scorpio Tankers Announces Sale of Five Older Product Tankers

Scorpio Tankers Inc. (NYSE: STNG) is selling five of its older MR product tankers for a total of $179.1 million. The sales, expected to close in the third

June 11, 2024
Total Views: 1664

A containership at the Port of Long Beach
Ports

U.S. Imports Surge Amid Rising Consumer Spending

Major container ports in the U.S. are expected to see the highest inbound cargo volume in nearly two years this summer, driven by increased consumer spending

June 11, 2024
Total Views: 2092

An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

EU Proposing Sanctions on Russia Shipping Giant Sovcomflot

By Alberto Nardelli (Bloomberg) — The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC in a move to limit the

June 11, 2024
Total Views: 948

The Marlin Luanda pictured January 27, 2024, in the Gulf of Aden. Photo courtesy Indian Navy
Shipping

Cape of Good Hope Oil Trade Surges as Tankers Reroute

Crude oil and oil product flows around the Cape of Good Hope increased by nearly 50% in the first five months of 2024 compared to last year’s average as

June 11, 2024
Total Views: 4587

AFIF Hapag-Lloyd
Shipping

Hapag-Lloyd Sees Prolonged Red Sea Reroutings Regardless of Ceasefire

BERLIN, June 11 (Reuters) – German shipping company Hapag-Lloyd does not anticipate the shipping industry to resume sailing through the Suez Canal

June 11, 2024
Total Views: 3435

Photo shows stacks of containers collapsed on board Madrid Bridge while at the Charleston Anchorage, January 20, 2022.
Shipping

Record Low in Containers Lost at Sea in 2023

A new report from the World Shipping Council (WSC) reveals that the number of containers lost at sea hit an all-time low in 2023. According to the

June 11, 2024
Total Views: 1178

ARC Installs Starlink Satellite Internet Across Full Fleet
Shipping

ARC Installs Starlink Satellite Internet Across Full Fleet

American Roll-On Roll-Off Carrier Group Inc. (ARC), a leading in U.S.-flag roll-on roll-off shipping and major government transportation provider, has

June 11, 2024
Total Views: 707

Monday, June 10, 2024
Indian Navy's guided missile destroyer INS Visakhapatnam responds as smoke rises from Marlin Luanda, at the location given as Gulf of Aden. Handout via REUTERS
Shipping

U.S. Imposes New Sanctions Over Illicit Houthi Oil Trade

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on ten individuals, entities, and vessels involved in

June 10, 2024
Total Views: 1783

The 689-foot bulk carrier Michipicoten has safely anchored in Thunder Bay, Ontario, after combating flooding in Lake Superior. U.S. Coast Guard Photo
Accidents

Bulk Carrier Safely Escorted to Thunder Bay After Flooding Incident on Lake Superior

The Canadian-flagged M/V Michipicoten, a 689-foot bulk carrier carrying taconite, was safely escorted to Thunder Bay, Ontario, after experiencing significant

June 10, 2024
Total Views: 3192

Cars, made in Morocco and intended for export, wait to be shipped at Tanger Med Port, on the Strait of Gibraltar, east of Tangier, Morocco June 6, 2024. REUTERS/Abdelhak Balhaki
Shipping

Morocco’s Tanger Med Port Expects to Exceed Nominal Container Capacity

TANGIER, June 10 (Reuters) – Morocco’s Tanger Med port expects to top its nominal processing capacity of nine million containers this year,

June 10, 2024
Total Views: 1029

DP World Boosts Investments in Latin America
Shipping

DP World Boosts Investments in Latin America

DP World plans to increase investments in port terminals in Peru and Ecuador to improve capacity and operational efficiency of its Latin America operations.

June 10, 2024
Total Views: 999

HMM Containership leaving port
Shipping

Samsung Lodges Largest FMC Complaint Yet Over Detention and Demurrage Charges

By Alexander Whiteman (The Loadstar) – Samsung’s US subsidiary has lodged what may be the largest complaint yet with the Federal Maritime Commission

June 10, 2024
Total Views: 4757

Yahya Sarea, the Houthi military spokesperson delivers a statement, during a rally to show continued support to the Palestinians in the Gaza Strip, on the first Friday of the fasting month of Ramadan, in Sanaa, Yemen, March 15, 2024. REUTERS/Khaled Abdullah
Shipping

U.S. CENTCOM Confirms Houthi Missile Strikes Damaged Two Ships

By Lisa Baertlein LOS ANGELES, June 9 (Reuters) – Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the

June 10, 2024
Total Views: 76246

Stock photo of an oil tanker moored at sea
Shipping

Russian Oil Transfer Near Singapore Reveals Moscow’s Efforts to Dodge U.S. Sanctions

By Julian Lee (Bloomberg) — The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another

June 10, 2024
Total Views: 4987

Saturday, June 8, 2024
Smoke rises from Marlin Luanda, merchant vessel, at the location given as Gulf of Aden.
Shipping

Two Vessels Catch Fire After Missile Strikes Off Yemen’s Aden

CAIRO, June 9 (Reuters) – Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies reported on Sunday.

June 8, 2024
Total Views: 11154