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Shipping

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


Wednesday, July 15, 2020
tanker at sea
Maritime News

Gunvor CEO Says Oil Trading and Shipping Thrived Amid Coronavirus Crash

By Andy Hoffman and Laura Hurst (Bloomberg) –The billionaire CEO of Gunvor Group told staff the firm thrived during the oil market meltdown caused by the

July 15, 2020
Total Views: 41

Friday, July 10, 2020
Containership Demolition Increasing Despite Falling Scrap Prices
Maritime News

Containership Demolition Increasing Despite Falling Scrap Prices

By Mike Wackett (The Loadstar) – With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of

July 10, 2020
Total Views: 269

Wednesday, July 8, 2020
Carriers Accused of ‘Profiteering from the Crisis’ Get Benefit of the Doubt for Now
Maritime News

Carriers Accused of ‘Profiteering from the Crisis’ Get Benefit of the Doubt for Now

By Mike Wackett (The Loadstar) – After better-than-expected first-quarter results, ocean carriers have upgraded their financial guidance, despite the

July 8, 2020
Total Views: 40

Monday, July 6, 2020
CMA CGM Reorganizes Transpacific Trade Network
Maritime News

CMA CGM Reorganizes Transpacific Trade Network

French shipping group CMA CGM says it is simplifying its transpacific trade network by removing APL from the trade and naming CMA CGM as the group’s

July 6, 2020
Total Views: 135

Maersk ship
Maritime News

Maersk Expands In-Land Logistics with Customs Broker Acquisition

COPENHAGEN, July 6 (Reuters) – Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns

July 6, 2020
Total Views: 45

Saturday, July 4, 2020
container ship terminal
Maritime News

Wild Swings in Freight Rates the New Normal Amid Uneven Recovery

By Ann Koh (Bloomberg) –Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid

July 4, 2020
Total Views: 55

Wednesday, July 1, 2020
cosco shipping
Maritime News

Ocean Alliance Takes the Lead on Asia-Europe Market Share

By Mike Wackett (The Loadstar) – The Ocean Alliance has overtaken the 2M alliance, adding the market share lead on the Asia-Europe tradelane to its

July 1, 2020
Total Views: 120

tanker deck
Maritime News

Oil Barrels Come Off the Water as Floating Storage Boom Fades

By Jonathan Saul LONDON, July 1 (Reuters) – Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis

July 1, 2020
Total Views: 60

Tuesday, June 30, 2020
cma cgm containership
Maritime News

CMA CGM to Impose Emergency Surcharge at Cape Town Port

By Wendell Roelf CAPE TOWN, June 30 (Reuters) – CMA CGM, the world’s fourth-largest container shipping line, will impose emergency congestion

June 30, 2020
Total Views: 12

Monday, June 29, 2020
Oil Tanker Bridge
Maritime News

Oil Tanker Market May Take Trump’s Sanctions In Stride This Time

By Sheela Tobben (Bloomberg) –The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be

June 29, 2020
Total Views: 66

Friday, June 26, 2020
tanker
Maritime News

Top Oil Pricing Agencies Launch New U.S. Crude Benchmarks

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

June 26, 2020
Total Views: 50

Wednesday, June 24, 2020
U.S. Coast Guard Searching for Man Overboard from Tanker Off Cape Hatteras
Accidents

U.S. Coast Guard Searching for Man Overboard from Tanker Off Cape Hatteras

The U.S. Coast Guard is searching for a crew member of a tanker approximately 400 miles east of Cape Hatteras, North Carolina. Watchstanders at the Coast

June 24, 2020
Total Views: 73

Tuesday, June 23, 2020
container shipping
Maritime News

Reversal of Fortune for Box Carriers as Charter Rates Tumble

By Mike Wackett (The Loadstar) – Ocean carrier optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are

June 23, 2020
Total Views: 44

Monday, June 22, 2020
containership
Maritime News

Box Carriers’ Blanked Sailing Strategy Could Bring $9 Billion in Profit

By Mike Wackett (The Loadstar) – Notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have

June 22, 2020
Total Views: 23

Thursday, June 18, 2020
maersk ship
Maritime News

Maersk Says Demand Developing Better Than Expected

By Frances Schwartzkopff and Christian Wienberg (Bloomberg) –A.P. Moller-Maersk A/S said the development in the second quarter has been better than the

June 18, 2020
Total Views: 17

Wednesday, June 17, 2020
maersk ship
Maritime News

Maersk Reports Better-Than-Expected Second Quarter Results

COPENHAGEN, June 17 (Reuters) – A.P. Moller-Maersk , the world’s top container shipping firm, said on Wednesday that market demand was developing

June 17, 2020
Total Views: 45

Tuesday, June 16, 2020
msc ship in port
Maritime News

MSC to Roll-Out Carbon Offsetting Option for Customers

By Gavin van Marle (The Loadstar) – MSC is set to roll-out a customer carbon offsetting programme it has been trialling since last year. Since early

June 16, 2020
Total Views: 53

cargo ship
Maritime News

Weary Sailors Pose Risk to World Merchant Fleet -IMO Secretary-General

By Jonathan Saul LONDON, June 16 (Reuters) – Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the

June 16, 2020
Total Views: 50

Friday, June 12, 2020
Satellite image captured by Planet Labs shows a ship-to-ship transfer of crude off the coast of Kuala Linggi, Malaysia, on April 16, 2020. Picture taken April 16, 2020. Planet Labs/Handout via REUTERS
Maritime News

Venezuelan Oil Cargoes Hidden En Route to China, Bypassing Sanctions

By Luc Cohen and Marianna Parraga CARACAS/MEXICO CITY, June 12(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from

June 12, 2020
Total Views: 339

Friday, June 5, 2020
cma cgm vasco de gama
Maritime News

CMA CGM Sees Shipping Bottom Out in Q2 After Demand Plunge

PARIS, June 5 (Reuters) – CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from

June 5, 2020
Total Views: 49
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gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.