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


Tuesday, October 22, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

Freight Costs for Russian Oil Soar: What Rising Winter Costs Mean for Moscow’s Revenue

MOSCOW, Oct 22 (Reuters) – Freight rates for tankers exporting oil from Russian ports to Asia have risen this month ahead

October 22, 2024
Total Views: 833

A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
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Price Cap Coalition Cracks Down on Sanctions-Busting: New Advisory Takes Aim at Russia’s ‘Shadow Fleet’

The Price Cap Coalition has released an updated advisory aimed at curbing illicit practices and enhancing safety in the oil shipping industry. The coalition,

October 22, 2024
Total Views: 474

Monday, October 21, 2024
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
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Is the Tanker Market Set for a Comeback? Experts Say a ‘November Surge’ Could Be Just the Beginning

By Barry Parkger (gCaptain) – The tanker market session at Capital Link’s Maritime Forum in New York drew a standing-room-only crowd. Although

October 21, 2024
Total Views: 1203

A tanker ship is seen in the English Channel at sunrise, near Dover, Britain, August 4, 2021. REUTERS/Peter Nicholls/File Photo
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UK Cracking Down on ‘Dubious’ Oil Tankers in the English Channel

The UK government has announced stringent measures targeting the so-called “shadow fleet” of oil tankers operating with questionable insurance. The

October 21, 2024
Total Views: 1888

oil tanker
Shipping

Fed Up: The World’s Largest Ship Registry is Giving Sanctioned Vessels the Boot

The Panama Maritime Authority (PMA) is taking a decisive move to safeguard the integrity of the world’s largest ship registry, introducing strict legal

October 21, 2024
Total Views: 4674

msc containership
Ports

MSC Snaps Up Brazilian Shipping Powerhouse in a $765M Deal

SAO PAULO/BENGALURU, Oct 21 (Reuters) – Investment holding company Ocean Wilsons OCN.L has agreed to sell its 56.47% stake in Brazilian unit Wilson

October 21, 2024
Total Views: 1672

LNG carrier
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Belgium Quietly Resumes Controversial Russian LNG Transfers as 2025 Ban Looms

(Bloomberg) — Belgium is resuming transshipments of Russian liquefied natural gas destined for Asia after a summer lull — a practice that’s been used

October 21, 2024
Total Views: 2338

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

Cape of Good Profits: Maersk Sees Red Sea Chaos and Soaring Demand Pushing Earnings Even Higher

A.P. Moller – Maersk A/S (Maersk) has raised its full-year financial guidance for 2024, marking the fourth upward revision this year as strong demand and

October 21, 2024
Total Views: 1882

Sunday, October 20, 2024
A 47-foot Motor Lifeboat crew arrives on scene during a search and rescue case off the coast of La Push, Washington, October 18, 2024
Featured

Harrowing Tug Rescue Nearly Ends in Disaster Off Washington’s Coast

A dramatic rescue unfolded off the coast of La Push, Washington, on Friday as the Coast Guard and commercial tug crews raced against time to save the 130-foot

October 20, 2024
Total Views: 10459

Friday, October 18, 2024
Surveillance footage from the October 2, 2024, break-in and robbery.
Shipping

Caught on Camera: Teen Surrenders After Burglary Aboard Iconic SS United States

A 17-year-old has reportedly surrendered to Philadelphia authorities in connection with a burglary aboard the historic SS United States, a once-proud ocean

October 18, 2024
Total Views: 4595

lng ship bunkering in fog
Featured

Mysterious Dubai Firm Takes Control of Russian LNG Ships in Apparent Effort to Skirt Sanctions

(Bloomberg) — A newly established company in Dubai has taken over three liquefied natural gas tankers, in what appears to be Russia’s latest effort to

October 18, 2024
Total Views: 12049

Aerial top view of a containership underway
Shipping

No End in Sight: New Ships Won’t Stop Freight Rates From Climbing in 2025

By Charlie Bartlett (The Loadstar) – Some three million TEU of new tonnage arriving next year will most likely be “more than offset” by further

October 18, 2024
Total Views: 1854

Greek Dockworkers Block Ammunition Shipment to Israel in Anti-War Protest
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Greek Dockworkers Block Ammunition Shipment to Israel in Anti-War Protest

ATHENS, Oct 18 (Reuters) – Dozens of members of a Greek dockworkers’ union have blocked the loading of a container of ammunition destined for

October 18, 2024
Total Views: 1733

FILE PHOTO: Container vessel Maersk Hangzhou sails in the Wielingen channel, Westerschelde, Netherlands, July 15, 2018. Rene van Quekelberghe/Handout via REUTERS/File Photo
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Hapag-Lloyd and Maersk Confident in Gemini’s Ambitious 90% Reliability Target

The heads of the new Gemini Cooperation—Rolf Habben Jansen, CEO of Hapag-Lloyd, and Kenni Skotte, Vice President and Head of Ocean Network Product at

October 18, 2024
Total Views: 1209

Thursday, October 17, 2024
Sounion oil tanker on fire in Red Sea. EUNAVFOR ASPIDES/Handout via REUTERS
Shipping

U.S. Sanctions Additional Ships and Captains in Iranian Oil Smuggling Network Linked to Houthi Attacks

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed additional sanctions on 18 entities, individuals, and vessels

October 17, 2024
Total Views: 1609

The Pan Viva, a 738-foot cargo vessel, beset by weather 2.3 miles northeast of Unalaska, Oct. 12, 2024.
Shipping

Coast Guard Says ‘Swift Action’ Helped Avert Disaster in Alaska

The 738-foot cargo vessel Pan Viva safely departed Dutch Harbor, Alaska, on Monday night, bound for Kalama, Washington, after narrowly avoiding a potential

October 17, 2024
Total Views: 3670

Wreckage of the Francis Scott Key Bridge and the M/V Dali cargo ship, May 9, 2024, U.S. Navy Photo
Ports

Baltimore’s Coal Exports Roar Back to Life After Bridge Collapse

Coal exports from the Port of Baltimore have made a remarkable recovery following a complete halt in shipments earlier this year due to the collapse of the

October 17, 2024
Total Views: 2037

sibir in ice
Featured

Chinese Vessels Without Ice Class Violate Arctic Safety Rules, Struggling Through Ice To Deliver Sanctioned Cargo

By Malte Humpert (gCaptain) – In an attempt to deliver a power plant to a Russian Arctic LNG project before winter two Chinese heavy lift vessels are inching

October 17, 2024
Total Views: 48895

FILE PHOTO: Shutterstock/Vallehr
Shipping

Global Energy System Faces Urgent Challenges Amid Rising Geopolitical Risks, Says IEA

The International Energy Agency’s (IEA) World Energy Outlook 2024 sheds light on critical vulnerabilities in today’s global energy system,

October 17, 2024
Total Views: 350

Aerial of Liquified Natural Gas LNG carrier moored to a small gas terminal
Shipping

LNG Tanker Glut is Softening Blow for Consumers Facing High Gas Prices

(Bloomberg) — Ships that carry liquefied natural gas are being built faster than new supplies of the fuel can come to market, helping to lower transport

October 17, 2024
Total Views: 367
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