Shipping

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


Thursday, January 18, 2024
Yantian Express photo provided by Hapag-Lloyd.
Shipping

Gemini Partners Maersk and Hapag-Lloyd Opt for ‘Hub & Spoke’ Operation

By Mike Wackett (The Loadstar) – The liner industry’s new vessel-sharing alliance, the Gemini Cooperation, will buck the recent trend of direct port

January 18, 2024
Total Views: 4008

containership ship bunkering
Shipping

African Ports See Higher Refueling Demand as Vessels Round Cape

(Bloomberg) — African ports from Namibia to Mauritius are becoming more popular as refueling stops for vessels shunning security threats in the Red

January 18, 2024
Total Views: 1863

Container ships on Suez Canal.
Shipping

Suez Canal Diversions Pile Pressure on Egypt’s Economy

CAIRO, Jan 18 (Reuters) – A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from

January 18, 2024
Total Views: 6082

oil tanker
Shipping

U.S. Sanctions Shadow Fleet Shipping Company for Russia Oil Price Cap Violations

The U.S. has imposed new sanctions on a UAE-based shipping company operating eighteen vessels for transporting Russian crude oil above the $60 per barrel price

January 18, 2024
Total Views: 3621

Photos released by the Indian Navy show damages to the M/V Genco Picardy. Photo courtesy Indian Navy
Shipping

Photos Show Damage to ‘Genco Picardy’ from Houthi Drone Strike

We’re getting our first look at damages caused by Houthi attacks on shipping. The Indian Navy released the below two image showing damage to the Marshall

January 18, 2024
Total Views: 7192

Wednesday, January 17, 2024
US Strikes Back After Genco Bulk Carrier Hit by Houthi Attack Drone
Shipping

US Strikes Back After Genco Bulk Carrier Hit by Houthi Attack Drone

The Iranian-backed Houthis have hit another US-owned bulk carrier in the Gulf of Aden after the Biden Administration re-designated the group as a

January 17, 2024
Total Views: 16178

Convoy of ships in the Suez Canal
Shipping

Suez Canal Transits Fall to Lowest Level Since Ever Given Grounding

By Brendan Murray (Bloomberg) — Commercial ship transits through the Suez Canal dropped to the lowest level since the Ever Given blocked the

January 17, 2024
Total Views: 4912

FILE PHOTO: Crew members look out from the MV Maersk Mc-Kinney Moller as it berths at a PSA International port terminal in Singapore,
Shipping

Maersk CEO Sees Red Sea Shipping Disruption Lasting ‘at Least a Few Months’

DAVOS, Switzerland, Jan 17 (Reuters) – Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels

January 17, 2024
Total Views: 2243

Bulk carrier Aroyat and general cargo vessel Resilient Africa arrives to the sea port of Chornomorsk. Photo September 16, 2023. REUTERS/Stringer.
Shipping

More Ships Flag No Link With Israel to Avoid Houthi Attacks

(Bloomberg) — Cargo ships are broadcasting that they are not connected with Israel in an effort to avoid Houthi attacks in the Red Sea area. At least 21

January 17, 2024
Total Views: 3100

FILE PHOTO: U.S. National Security Advisor Jake Sullivan speaks during a press briefing, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Tel Aviv, Israel, December 15, 2023. REUTERS/Violeta Santos Moura/File Photo
Shipping

Biden Administration Re-Designates Houthis as Terrorist Group

The United States has announced the re-designation of the Yemen-based group Ansarallah, also known as the Houthis, as a Specially Designated Global Terrorist

January 17, 2024
Total Views: 892

A worker on a container crane at the Port of Los Angeles
Ports

Port of Los Angeles Ends 2023 On a High Note

The Port of Los Angeles saw a 2.5% increase in the amount of cargo processed in December, marking the fifth consecutive month of year-over-year gains. Total

January 17, 2024
Total Views: 1578

Joint design image by Yangzijiang Shipbuilding representing 6 of the vessels. Image courtesy Ocean Network Express
Shipbuilding

ONE Orders First Methanol-Fueled Ships

Ocean Network Express (ONE), the world’s sixth-largest container carrier, has placed orders for the construction twelve 13,000 TEU methanol dual-fuel

January 17, 2024
Total Views: 2331

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 and Hapag-Lloyd Form New ‘Gemini Cooperation’ Operational Agreement

Shipping giants Maersk and Hapag-Lloyd have announced the signing of a long-term operational collaboration agreement, named the Gemini Cooperation, set to

January 17, 2024
Total Views: 3866

Tuesday, January 16, 2024
Houthi stand on beach after ship attack
Shipping

Red Sea Attacks Continue to Disrupt Global Trade

By Idrees Ali and Dmitry Zhdannikov WASHINGTON/DAVOS, Jan 16 (Reuters) – The U.S. military carried out a new strike in Yemen on

January 16, 2024
Total Views: 14111

A Maersk containership in the Suez Canal
Shipping

Ship Insurers Seeking Exclusions for US and UK Vessels from Red Sea Coverage

By Alex Longley and Áine Quinn (Bloomberg) — Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they

January 16, 2024
Total Views: 8913

Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) stand watch in the ship’s Combat Information Center during an operation to defeat a combination of Houthi missiles and unmanned aerial vehicles, Oct. 19. U.S. Navy Photo
Shipping

U.S. Confirms New Military Strikes in Yemen, Houthis Hit Bulk Carrier

The U.S. has confirmed new military strikes in Yemen ahead of another successful Houthi missile strike on a Greek-owned, Maltese-flagged bulk carrier and

January 16, 2024
Total Views: 15418

Graphic and map showing 2023 maritime piracy incidents by location
Shipping

IMB: Rise in Piracy, Successful Somali-Based Hijacking a Cause for Concern

The International Maritime Bureau (IMB) reported an increase in maritime piracy incidents in 2023, including the first successful Somali-based hijacking since

January 16, 2024
Total Views: 1953

US Navy destroyer USS Truxtun escorts merchant ship in red sea
Shipping

The Red Sea Crisis: Possibly the Beginning of Something Bigger

By Barry Parker (gCaptain) – When it comes to shipping market predictions, analysts crunching supply and demand numbers can sometimes, but not always,

January 16, 2024
Total Views: 7149

File photo of an LNG carrier in the Suez Canal
Shipping

LNG Carriers Divert From Red Sea as Qatar Warns of Escalation

(Bloomberg) — Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk of attacks by Houthis militants

January 16, 2024
Total Views: 8479

Stock photo of an oil tanker moored at sea
Shipping

Russian Oil Still Going Through Red Sea Despite Houthi Missiles

(Bloomberg) — Tankers carrying Russian crude are continuing to sail through the Red Sea, despite becoming embroiled in the attacks on merchant shipping

January 16, 2024
Total Views: 2440