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


Thursday, June 6, 2024
Vytautas Kielaitis / Shutterstock.com
Shipping

Containership Malfunction Causes Commotion in Charleston Harbor

Charleston’s Cooper River was the scene of a dramatic incident on Wednesday, as a malfunctioning container ship, the Liberia-flagged MSC Michigan VII,

June 6, 2024
Total Views: 4250

Wednesday, June 5, 2024
Aerial view of a container ship
Shipping

Container Price Bubble Expected to Burst in 2H 2024, Says Container xChange

Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in

June 5, 2024
Total Views: 2357

A Russian state flag flies on the top of a diesel plant in the Irkutsk Oil Company-owned Yarakta Oil Field in Irkutsk Region. Picture REUTERS/Vasily Fedosenko
Shipping

Russia Oil Revenue Rise as Nation Adapts to Sanctions

(Bloomberg) — Russia’s oil proceeds to the state budget increased almost 50% in May from a year ago, as its crude prices rose and the nation adapted to

June 5, 2024
Total Views: 962

A tanker ship is seen in the English Channel at sunrise, near Dover, Britain, August 4, 2021. REUTERS/Peter Nicholls/File Photo
Shipping

Onboard Carbon Capture: The Future of Shipping Decarbonization?

Onboard carbon capture (OCC) is gaining interest in the shipping industry as a way to reduce emissions while continuing to use conventional fuels. However, its

June 5, 2024
Total Views: 859

A 2019 view of vessels in the Singapore Strait April 3, 2019. Picture taken on April 3, 2019. REUTERS/Henning Gloystein/File Photo
Shipping

Singapore Bunker Fuel Sales Surge as Ships Bypass the Red Sea

Bunker fuel sales in Singapore have reached record highs as ships take longer routes around the southern tip of Africa to avoid the Red Sea, the U.S. Energy

June 5, 2024
Total Views: 1120

containership
Shipping

Libra Group Makes $2 Billion Exit from Container Shipping

By Jonathan Saul ATHENS, June 5 (Reuters) – Libra Group exited the container shipping market this week after selling close to 100

June 5, 2024
Total Views: 979

Yantian Express photo provided by Hapag-Lloyd.
Shipping

Hapag-Lloyd CEO Says Demand Surge May Be Short-Lived

By Elke Ahlswede BERLIN, June 5 (Reuters) – Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container

June 5, 2024
Total Views: 1405

Rear Admiral John Okon Appointed President of SUNY Maritime College
Shipping

Rear Admiral John Okon Appointed President of SUNY Maritime College

SUNY Maritime College has announced the appointment of Rear Admiral John Okon as the institution’s 12th president. Okon will assume the role on July 1,

June 5, 2024
Total Views: 1064

Tuesday, June 4, 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, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Maersk Sees Deeper Impact to World Trade From Red Sea Disruption

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than

June 4, 2024
Total Views: 2852

Illustration shows WindWings technology installed on Union Maritime vessels
Environment

Union Maritime to Equip 34 Newbuilds with Wind Propulsion Technology

UK-based chemical tanker owner and operator, Union Maritime, is set to equip its fleet with industry-leading wind propulsion technology. The company is

June 4, 2024
Total Views: 1825

oil tanker
Shipping

Crude Oil Tanker Market Grappling With Ageing Fleet

ATHENS, June 4 (Reuters) – The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as

June 4, 2024
Total Views: 919

M/V Peace. Photo courtesy AMSA
Shipping

Australia Bans Danaos Bulk Carrier for 3 Months Over Unseaworthy Condition

The Australian Maritime Safety Authority (AMSA) has issued a three-month ban on the Cypriot-flagged bulk carrier Peace from entering Australian ports

June 4, 2024
Total Views: 3835

French frigate escort
Shipping

Houthi Red Sea Attacks Decline in Last Week as Navies Act, Greece Says

ATHENS, June 4 (Reuters) – Closer international cooperation between naval missions in the Red Sea has reduced the number of attacks by

June 4, 2024
Total Views: 1479

Monday, June 3, 2024
one apus
Shipping

New SOLAS Regulations on Reporting Containers Lost at Sea

The World Shipping Council (WSC) has praised the approval of the recently adopted amendments to the International Convention for the Safety of Life at Sea

June 3, 2024
Total Views: 2090

tanker loading
Shipping

Biden Administration Buys Back 3 Million Barrels for Strategic Petroleum Reserve

By Timothy Gardner WASHINGTON, June 3 (Reuters) – The U.S. is buying another 3 million barrels of oil for

June 3, 2024
Total Views: 2023

maersk ship
Shipping

Maersk Raises Guidance Amid Worsening Port Congestion and Rising Freight Rates

A.P. Moller-Maersk A/S (APMM) sees worsening port congestion, especially in the Middle East and Asia, and further increases in container freight rates thanks

June 3, 2024
Total Views: 4352

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

OPEC+ Extends Deep Oil Production Cuts into 2025

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output

June 3, 2024
Total Views: 515

Stock photo of a tanker at sea
Shipping

Russian Oil Finds New Site for Ship-to-Ship Transfers

(Bloomberg) — Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a

June 3, 2024
Total Views: 5456

The world's first large methanol powered containership is launched at Hyundai Heavy Industries. Photo courtesy Maersk
Shipping

Methanol-Fueled Vessels Surge as Demand for Alternative Fuels Grows

The demand for alternative fueled vessels is showing substantial growth. In May 2024 alone, 33 new orders for alternative-fueled vessels were placed, with

June 3, 2024
Total Views: 900

FILE PHOTO: Container vessel Maersk Hangzhou sails in the Wielingen channel, Westerschelde, Netherlands, July 15, 2018. Rene van Quekelberghe/Handout via REUTERS/File Photo
Ports

Maersk Announces Delays and Blank Voyages Due to Severe Port Congestion

Shipping giant Maersk announced on Monday significant delays in vessel schedules due to severe terminal congestion in Mediterranean and Asian ports. The

June 3, 2024
Total Views: 10182
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gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.