Shipping

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


Wednesday, November 15, 2023
Stock photo of an oil tanker moored at sea
Shipping

Russian Oil Tankers Not Targeted in EU Sanctions Proposal -Diplomats

Nov 15 (Reuters) – Russian oil tankers are not targeted in the European Commission’s proposal for tightening the implementation of a

November 15, 2023
Total Views: 829

Tuesday, November 14, 2023
LNG carrier in open sea during daytime
Shipping

North America’s LNG Export Capacity Expected to Double by 2027

North America’s liquefied natural gas (LNG) export capacity is set to more than double by the end of 2027 with the addition of new LNG export terminals

November 14, 2023
Total Views: 1778

B+H Shipping's Michael Hudner on the cover of Tradewinds.
Shipping

Watch: Life Lessons from Viral ‘Billionaire Shipowner’ Michael Hudner

This is a fascinating interview with an interesting backstory of how it came to be. A few months ago Youtuber Noah Kagan was out on the streets of New

November 14, 2023
Total Views: 5130

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

US Alarms Tanker Owners With Russian Price Cap Letters

(Bloomberg) — The US Treasury’s sudden flurry of letters to tanker companies for potentially breaching a Group of Seven price cap on Russian oil

November 14, 2023
Total Views: 3213

ships at anchor
Shipping

Kremlin Dismisses US Probe Into Oil Sanctions

MOSCOW, Nov 14 (Reuters) – The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the United

November 14, 2023
Total Views: 630

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

Houthi Leader Threatens to Attack Israeli Ships in Red Sea

By Mohammed Alghobari ADEN, Nov 14 (Reuters) – Yemen’s Houthi leader said on Tuesday his forces would make further attacks on Israel and

November 14, 2023
Total Views: 1364

Bulk carrier Aroyat arrives to the sea port of Chornomorsk. Photo REUTERS/Stringer
Shipping

Ukraine and Britain Reach Deal on Discounted Insurance for Black Sea Exports

By Pavel Polityuk KYIV, Nov 14 (Reuters) – Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through

November 14, 2023
Total Views: 758

Monday, November 13, 2023
A containership arrives at the Port of Rotterdam
Shipping

Shipping Industry Faces Rising Fuel Costs from Energy Transition

The cost of fuel in shipping’s energy transition will increase along with compliance costs, according to an executive at Yara Marine Technologies. The

November 13, 2023
Total Views: 1704

Odfjell tanker Tankers Bow Olympus on the river Elbe near Wedel, Port of Elbe, April 17, 2021.
Shipping

Odfjell Expands Chemical Tanker Fleet with Six Newbuilds

Oslo-based Odfjell SE, a leading global chemical tanker company, has announced the expansion of its fleet with the addition of six newbuildings. The vessels

November 13, 2023
Total Views: 1696

Australia Cyberattack Leaves 30,000 Containers Stuck at Ports
Shipping

Australia Cyberattack Leaves 30,000 Containers Stuck at Ports

(Bloomberg) — DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company

November 13, 2023
Total Views: 1752

File photo of an oil tanker at sea
Shipping

US Investigating 30 Ship Managers Over Suspected Russia Oil Sanctions Violations

WASHINGTON, Nov 13 (Reuters) – The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it

November 13, 2023
Total Views: 3784

An LNG carrier at night
Shipping

Capital Product Partners Shifts Focus to LNG Carriers

Capital Product Partners L.P. (NASDAQ: CPLP) has announced its entry into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP L.L.C.

November 13, 2023
Total Views: 506

Sunday, November 12, 2023
A shipping container passes through the Suez Canal in Suez. REUTERS/Mohamed Abd El Ghany/File Photo
Shipping

Shipping Shifts From Jackpot To Job Cuts After $364 Billion Boom

By Brendan Murray and Tara Patel Nov 12, 2023 (Bloomberg) –Consumers gearing up to buy the latest imported appliances, clothes or electronic gadgets

November 12, 2023
Total Views: 8492

Saturday, November 11, 2023
An LNG carrier transits through the Panama Canal. Photo credit: Flystock/Shutterstock
Shipping

Soaring Fees At Panama Canal Have LNG Shippers Taking Long Route

By Ruth Liao (Bloomberg) –Liquefied natural gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles

November 11, 2023
Total Views: 14436

Friday, November 10, 2023
Mega Container-ship CMA CGM Louis Bleriot
Shipping

CMA CGM Urges Industry to Avoid Price War

By Tara Patel (Bloomberg) — CMA CGM SA, the world’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels

November 10, 2023
Total Views: 3226

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

Ocean Carriers’ Race to the Bottom Hits Earnings

By Alexander Whiteman (The Loadstar) – Carriers are themselves driving the rates ‘race to the bottom’ they warned would lead to a “dire

November 10, 2023
Total Views: 7742

Palau-flagged bulk carrier Aroyat is pictured at sea, in this picture obtained from social media and released on September 22, 2023. Oleksandr Kubrakov via X/via REUTERS
Shipping

Ukraine Export Corridor Freight Costs Reverse Brief Rise

KYIV, Nov 10 (Reuters) – Freight costs for ships in Ukraine‘s alternative export corridor have eased back to their former levels, a

November 10, 2023
Total Views: 1102

The LNG-powered containership, the CMA CGM, on the river Elbe near the city of Hamburg, Germany, February 14, 2021. Photo: FrankHH / Shutterstock.com
Shipping

CMA CGM Profits Plunge as Container Shipping Market Normalizes

French shipping company CMA CGM saw a significant decline in profit during the third quarter of 2023, as the container shipping market continued to return to

November 10, 2023
Total Views: 5125

Felicity Ace seen burning in the Atlantic Ocean off the Azores Islands. Picture was released Friday, February 18, 2022 by the Portuguese Navy. Photo courtesy Portuguese Navy
Shipping

Marine Insurance Market Sees Strong Growth in 2022

Global marine insurance premiums in 2022 increased by 8.3% to $35.8 billion, driven by trade rebound, rising asset values, reduced market capacity, and premium

November 10, 2023
Total Views: 1007

Aerial photo of Seaspan Shipyard's Vancouver Drydock
Shipbuilding

Seaspan Shipyards Announces Major Expansion of Vancouver Drydock

Seaspan Shipyards, a leading ship repair and maintenance company in Canada, has unveiled plans for upgrades and expansion of its Vancouver Drydock. The

November 10, 2023
Total Views: 3869