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


Thursday, February 8, 2024
FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Maersk Shares Hammered as Red Sea Boost Masks Overcapacity

By Christian Wienberg and Sanne Wass (Bloomberg) — A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in

February 8, 2024
Total Views: 1860

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’s Profit Warning Amid Shipping Overcapacity and Red Sea Disruptions

By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than

February 8, 2024
Total Views: 1237

Wednesday, February 7, 2024
NORFOLK (Sept. 21, 2019) Military Sealift Command large, medium-speed roll-on/roll-off (LMSR) vessel USNS Benavidez (T-AKR 306), departs Lamberts Point Shipyard alongside USNS Mendonca (T-AKR 303) for Turbo Activation 2019. U.S. Navy photo/Released
Defense

Congressman Makes Urgent Call for U.S. Sealift Capacity Expansion to Counter China

Republican Congressman Mike Gallagher (R-WI), the Chairman of the House Select Committee on the Chinese Communist Party, is sounding the alarm on the United

February 7, 2024
Total Views: 5033

A tanker transits the Panama Canal Locks
Shipping

Panama Canal Expected to Maintain Current Transit Levels Through Dry Season

By Elida Moreno PANAMA CITY, Feb 7 (Reuters) – The Panama Canal sees no need for further vessel transit restrictions until at least April, when

February 7, 2024
Total Views: 2803

Carib Trader II precasualty. (Source: Gordon Dalzell, shipspotting.com via NTSB)
Accidents

NTSB Investigation Reveals Probable Cause of ‘Carib Trader II’ Sinking

The National Transportation Safety Board (NTSB) has issued its investigation report into the sinking of the Carib Trader II during a dead ship tow from the

February 7, 2024
Total Views: 11593

Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul,
Shipping

Marine Insurers Continue to Support Red Sea and Black Sea Trade Despite Challenges

The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in

February 7, 2024
Total Views: 1031

tanker at sea
Shipping

G-7 Aiming to Force Russian Oil Away From Shadow Fleet, UK Official Says

(Bloomberg) — A UK official said that Group of Seven nations are aiming to curb Russia’s ability to use a vast shadow fleet of tankers to deliver its

February 7, 2024
Total Views: 2375

A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

US, UK Ship Investors Hit by Soaring Red Sea Insurance

LONDON, Feb 7 (Reuters) – War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships

February 7, 2024
Total Views: 665

China’s NewNew Polar Bear in a convoy in the Russian Arctic in October 2023. (Source: Atomflot)
Shipping

New Report Sheds Light on Rapid Expansion of Arctic Shipping

A new 10-year report by the Arctic Council’s Working Group on the Protection of the Arctic Marine Environment (PAME) highlights a substantial increase in

February 7, 2024
Total Views: 6919

Tuesday, February 6, 2024
oil tanker
Shipping

High Tanker Rates Hit U.S. Crude Exports to Asia

By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the

February 6, 2024
Total Views: 3889

Pilot boat and cargo vessel at sea. Pilot embarkation. Pilotage.
Shipping

Turkish Ship Pilot Dies in Boarding Accident

A Turkish ship pilot has died after falling into the water during a pilot transfer operation at the Bosphorus Strait. The accident took place Sunday morning

February 6, 2024
Total Views: 5004

Carnival Sunshine cruise ship underway at sea
Cruise Ships

Carnival Corporation Reports Progress Towards Emissions Reduction Targets

Carnival Corporation & plc, the world’s leading cruise company, reports progress towards its near-term emissions reduction goals. The company says it

February 6, 2024
Total Views: 1225

FILE PHOTO: Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Shipping

US Lawmakers Hold First Hearing on Biden’s LNG Project Approval Pause

By Timothy Gardner WASHINGTON, Feb 6 (Reuters) – As Republican and some Democratic U.S. lawmakers slam President Joe Biden’s

February 6, 2024
Total Views: 1207

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

Chinese Ships Get Insurance Edge Navigating Red Sea

By Alex Longley and Áine Quinn (Bloomberg) — Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red

February 6, 2024
Total Views: 9575

Christophe de Margerie LNG carrier
Shipping

US Sanctions Halt Delivery of New Vessels for Russia’s Arctic LNG 2

(Bloomberg) — The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui

February 6, 2024
Total Views: 9120

A fighter jet is launched from the U.S. Navy aircraft carrier USS Dwight D. Eisenhower against what they describe as Houthi military targets in Yemen. Handout via REUTERS.
Shipping

Houthis Say They Fired at Two Ships in Red Sea, Damaging Both

Feb 6 (Reuters) – Yemen’s Iran-aligned Houthis said on Tuesday they had fired missiles at two vessels in the Red Sea, causing

February 6, 2024
Total Views: 2519

Monday, February 5, 2024
tanker deck
Shipping

Red Sea Chaos Causing Global Oil Buyers to Shop Local

By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make

February 5, 2024
Total Views: 3312

File photo provided by SIU Canada
Shipping

Union Survey Reveals Alarming Level of Harassment on Canadian Ships

The Seafarers’ International Union of Canada (SIU) recently revealed alarming statistics showing nearly half of all seafarers working in the Canadian

February 5, 2024
Total Views: 2893

ARC Honor reflagging in Incheon, South Korea
Shipping

ARC Reflags Ro-Ro to U.S. Registry

American Roll-On Roll-Off Carrier Group Inc. (ARC) has expanded its fleet with the addition of its ninth U.S.-flagged roll-on roll-off (Ro-Ro) vessel, the M/V

February 5, 2024
Total Views: 3875

Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS
Shipping

Shipping Industry Issues Revised Guidance for Navigating Southern Red Sea

A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series

February 5, 2024
Total Views: 5043
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gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.