A Huge Bet on Supertankers Reverberates Through the Oil Market
A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market
Container shipping group Hapag-Lloyd HLAG.DE said on Monday it would buy Israeli rival ZIM Integrated Shipping Services ZIM.Nfor $4.2 billion in a
Hapag-Lloyd AG is in advanced talks to acquire Israeli competitor Zim Integrated Shipping Services Ltd, the German company said on
U.S. forces have boarded the sanctioned oil tanker VERONICA III in the Indian Ocean, marking the ninth vessel seized or interdicted in an intensifying
New data compiled by the Danish Maritime Authority reveals that EU-sanctioned tankers linked to Russia’s so-called “shadow fleet” made 292 voyages
Geneva-based Mediterranean Shipping Company has reached a new milestone, pushing its total containership capacity past 7.2 million TEU and solidifying its
A coalition of environmental and clean-shipping groups is urging the International Maritime Organization to block any move that would allow ammonia-fueled
The Danish toy giant LEGO is set to launch a new collector’s set celebrating Maersk’s methanol-powered flagship, Ane Maersk. The Maersk Dual-Fuel
Hong Kong-based CK Hutchison has escalated a legal fight over its Panama Canal port concessions, triggering treaty arbitration and raising uncertainty over
Five sailors are dead because no one acted in time. A final investigation into the German Bight collision that sank the cargo ship Verity finds basic collision
South Korea’s HMM managed to stay in the black through a bruising 2025 for container shipping, posting a 13.4% operating margin even as freight rates
Global container shipping rates fell for a fifth consecutive week as the usual pre-Lunar New Year cargo surge failed to materialize, prompting carriers to ramp
The Trump administration warned that Peru is losing sovereignty over a Chinese-owned port near its capital city, after a local judge ruled that the port is
Hapag-Lloyd reported preliminary 2025 financial results that came in at the upper end of its guidance, even as earnings fell sharply from the prior year amid
NATO will bolster its Arctic presence with a new mission after US President Donald Trump triggered an alliance crisis over his attempts to take
Seattle-based Saltchuk has agreed to acquire Great Lakes Dredge & Dock, the largest dredging contractor in the United States, in a $1.5 billion all-cash deal
Russia’s sanctioned Arctic LNG 2 plant is expected to receive two more domestically constructed ice-class liquefied natural gas carriers in 2026, further
Cargo volumes along Russia’s Northern Sea Route fell in 2025, underscoring how Western sanctions are increasingly curtailing Moscow’s long-held ambitions
Iran’s oil exports slipped modestly in January, but the data points to durability rather than decline. A mature dark fleet ecosystem continues to move crude
U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA production to pre-blockade levels of 1.2M bpd by mid-2026. Vitol and Trafigura
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up