Shipping

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


Friday, May 3, 2024
Maersk ship entering the Port of Rotterdam
Shipping

Shippers Frustrated as Spot rates Rise Alongside Demand

By Gavin van Marle (The Loadstar) – A strengthening demand scenario on the Asia-European trades appears to have caught carriers and forwarders by

May 3, 2024
Total Views: 1045

Thursday, May 2, 2024
White House Readying Sanctions After Russia Found Shipping Fuel to North Korea Above UN Cap
Shipping

White House Readying Sanctions After Russia Found Shipping Fuel to North Korea Above UN Cap

By Steve Holland WASHINGTON, May 2 (Reuters) – Russia has been quietly shipping refined petroleum to North Korea at levels that

May 2, 2024
Total Views: 1592

Russian FSRU LNG FPSO
Shipping

Russia’s Gazprom Sees First Loss in Two Decades as Gas Trade with Europe Plunges

By Bloomberg News (Bloomberg) — Russia’s state-controlled gas giant reported its first annual net loss since 1999 on falling shipments to Europe and

May 2, 2024
Total Views: 1260

Aerial top view of a containership at port. Stock Photo: Shutterstock/Avigator Fortuner
Shipping

Uncertainty Looms Over Long-Term Container Freight Rates

Ocean carriers are walking a tightrope between risk and reward in new long-term contract negotiations, as uncertainty in the Red Sea continues to cast a shadow

May 2, 2024
Total Views: 1139

Audax carrying a module for Arctic LNG 2 across the Arctic. (Source: Red Box Energy Services)
Shipping

U.S. Targets Russia’s Arctic Shipping Capacity in Latest Round of Sanctions

By Malte Humpert (gCaptain) – In an effort to further disrupt Russia’s ability to develop Arctic gas and oil projects the U.S. State Department

May 2, 2024
Total Views: 1110

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

Maersk Raises Financial Forecast for 2024 Amid Strong Market Demand, Red Sea Disruptions

A.P. Moller – Maersk has revised its financial guidance for 2024 after a strong Q1. The company now expects an underlying EBIT of USD -2.0 to 0.0 billion

May 2, 2024
Total Views: 672

Wednesday, May 1, 2024
U.S. Army Corps of Engineers staff onboard Hydrographic Survey Vessel CATLETT observe the damage resulting from the collapse of the Francis Scott Key Bridge in Baltimore, March 26, 2024. USACE Photo
Ports

East Coast Port Dwell Times Unaffected By Diverted Baltimore Containers

The March 26 collapse of the Francis Scott Key Bridge and subsequent closure of the Port of Baltimore has led to the diversion of containers originally bound

May 1, 2024
Total Views: 2172

A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
Shipping

Port Constraints for Canada’s Trans Mountain Pipeline May Crimp Oil Exports

May 1 (Reuters) – Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline

May 1, 2024
Total Views: 1649

An LNG carrier transits through the Panama Canal. Photo credit: Flystock/Shutterstock
Marine Weather

El Nino, Water Management Issues Blamed for Snarling Panama Canal

SAO PAULO, May 1 (Reuters) – The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama

May 1, 2024
Total Views: 1279

OOCL Spain
Shipbuilding

Record Month for Containership Newbuild Deliveries in April

Alphaliner reports a record month for containership newbuild deliveries in April, surpassing the previous record set in March. A staggering 50 new ships were

May 1, 2024
Total Views: 1455

Tuesday, April 30, 2024
A screengrab of video allegedly showing a Houthi UAV attack on the bulk carrier MV Cyclades.
Shipping

Houthis Release Video of Alleged UAV Attack on Bulk Carrier

A new video released by the Iranian-backed Houthis appears to show an attack on a Maltese-flagged bulk carrier in the Red Sea on Monday. The footage, which has

April 30, 2024
Total Views: 4970

Bow Triumph at the Odfjell Terminal in Charleston on September 8, 2022, showing damage to the vessel’s starboard side. U.S. Coast Guard Photo
Accidents

Pilot Error Led to Major Tanker Accident at South Carolina Naval Base

A navigation error by a pilot led to a 600-foot-long tanker striking a pier at the Joint Base Charleston’s Naval Weapons Station in South Carolina, the

April 30, 2024
Total Views: 6286

Stock photo of a tanker at sea
Shipping

Western Insurers Say Russian Oil Price Cap Pushing More Ships to ‘Shadow Fleet’

LONDON, April 30 (Reuters) – A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into

April 30, 2024
Total Views: 663

Armed men stand on the beach as the Galaxy Leader commercial ship, seized by Yemen's Houthis last month, is anchored off the coast of al-Salif, Yemen, December 5, 2023. REUTERS/Khaled Abdullah
Shipping

Houthis Attack Commercial Ship in the Indian Ocean

Maritime authorities are reporting that a MSC containership sustained minor damage from an Unmanned Aerial Vehicle (UAV) in the Indian Ocean approximately 300

April 30, 2024
Total Views: 1274

Seafarers ‘Happier’ to Start 2024
Shipping

Seafarers ‘Happier’ to Start 2024

The latest Seafarer Happiness Index (SHI) report by the Mission to Seafarers shows an increase in overall happiness among seafarers, attributed to better

April 30, 2024
Total Views: 628

Screenshot of video from the Philippines Coast Guard shows Chinese Coast Guard vessels using water cannons against a Philippine Coast Guard vessel near the Scarborough Shoal, April 30, 2024. Philippine Coast Guard Image
News

Philippines Accuses China of Damaging its Vessels in Disputed South China Sea Shoal

BEIJING/MANILA, April 30 (Reuters) – The Philippines on Tuesday accused China’s coast guard of harassment and of damaging two

April 30, 2024
Total Views: 903

Monday, April 29, 2024
cargo ship emissions
Shipping

Red Sea Diversions Spew Carbon Emissions Equal to 9 Million Cars

By Jack Wittels (Bloomberg) — Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons

April 29, 2024
Total Views: 1669

containership underway
Shipping

Houthis Claim Multiple Attacks in Red Sea, Indian Ocean

By Nayera Abdallah and Enas Alashray DUBAI/CAIRO, April 30 (Reuters) – Yemen’s Houthis said they targeted the MSC Orion container ship in a

April 29, 2024
Total Views: 3105

Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

G7 Price Cap on Russian Oil ‘Increasingly Unenforceable’, Insurers Warn

By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an

April 29, 2024
Total Views: 1011

Real-time container tracking of Hapag-Lloyd container
Shipping

Hapag-Lloyd Launches Real-Time Container Tracking

Hapag-Lloyd has launched real-time container tracking on most of its nearly 3 million strong fleet, becoming the first container shipping line to introduce a

April 29, 2024
Total Views: 1672