Ships Shelled in Black Sea as Invasion Sparks Shipping Chaos
By Alex Longley, Archie Hunter and Ann Koh (Bloomberg) — Russia’s invasion of Ukraine has brought turmoil to commodities markets as the conflict
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
By Alex Longley, Archie Hunter and Ann Koh (Bloomberg) — Russia’s invasion of Ukraine has brought turmoil to commodities markets as the conflict
By Aleksandar Vasovic MARIUPOL, Ukraine, Feb 24 (Reuters) – A residential area of Mariupol in southeastern Ukraine was hit by shelling on
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the availability of nearly $450 million in new grant funding for
ANKARA, Feb 24 (Reuters) – A Turkish-owned ship was hit by a bomb off the coast of Ukraine’s port city Odessa on Thursday, Turkey’s
By K. Oanh Ha and Ann Koh (Bloomberg) — Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened
The Biden Administration on Wednesday announced it would impose sanctions on the company behind the construction of the Nord Stream 2 pipeline and its
The stock market’s indices are all down- but the tanker stocks are up. What’s with that? Conventional wisdom has it that “disruption”, however you
By Tarso Veloso (Bloomberg) — A backlog of vessels waiting to load soybeans from some Brazilian ports is stretching to near-record lengths as the
By Archie Hunter and Anna Edwards (Bloomberg) — Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine
By Sarah Marsh and Madeline Chambers BERLIN, Feb 22 (Reuters) – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas
By Mike Wackett (The Loadstar) – Containership charter rates and second-hand values are heading for a correction according to a broker source, after
“Could I be a little bit provocative here?” asked Hugo De Stoop, the CEO of listed tanker giant Euronav- the NYSE listed owner Euronav, one of a handful of
By Maha El Dahan and Andrew Mills DOHA, Feb 22 (Reuters) – Neither Qatar nor any other single country has the capacity to replace Russian gas
By Nayara Figueiredo SAO PAULO, Feb 22 (Reuters) – U.S. grains merchant Archer-Daniels-Midland Co ADM.N said on Tuesday it has
By Laura Curtis (Bloomberg) — The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before
LONDON, Feb 21 (Reuters) – Greece-based Empire Navigation is investigating whether Iranian oil was transferred onto one of the vessels it
By Jack Wittels (Bloomberg) — The shipping industry is starting to feel the full force of surging diesel and gasoline costs. Ship fuel can be made from
The U.S. Department of Justice on Thursday announced an initiative to investigate and prosecute collusive conduct in the supply chains. The initiative comes in
Shares of U.S. shipping company Matson, Inc. ended Friday up over 11% after the company reported fourth quarter net income of nearly $395 million, bringing its
By Bloomberg News (Bloomberg) — Port congestion in China is slowing the delivery of everything from iron ore to electronics, forcing companies to rely
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