Container Shipping Faces Oversupply Threat as Record Newbuild Orders Reshape Industry
The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representing 34.8% of the current
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representing 34.8% of the current
Russia is loading its oil onto tankers at an unprecedented pace — but those shipments are stacking up at sea, weighing on prices and
Russia has, for the first time, deployed its entire fleet of eight nuclear-powered icebreakers simultaneously to maintain winter shipping lanes in the Gulf of
The United States' tightening grip on Venezuela’s oil exports could strangle the country's crude output and cut off President Nicolas Maduro's main economic
German liner operator Hapag-Lloyd has contracted Chinese shipbuilder CIMC Raffles to construct eight dual-fuel methanol containerships in a deal valued at more
A merchant vessel successfully defended against an armed assault by multiple small craft approximately 15 nautical miles west of Yemen, according to the United
The European Union has expanded its sanctions regime against Russia, adding nine individuals and entities involved in operating and facilitating the so-called
Two so-called ghost oil ships are currently loading off the coast of Venezuela, highlighting the challenges the Trump administration faces trying to disrupt
By Jasper Ward WASHINGTON, Dec 12 (Reuters) – The U.S. government carried out its seizure of the M/T Skipper off the coast of Venezuela on Wednesday
The International Transport Workers’ Federation has condemned recent attacks on vessels operating in the Black Sea following the third Ukrainian sea
U.S. supply chains are showing early signs of recovery after a year of unprecedented tariff-driven disruption, according to project44’s December Tariff
The oil supertanker Skipper that was seized by the U.S. near Venezuela this week as part of an increased pressure strategy against President Nicolas Maduro, is
The National Transportation Safety Board has concluded that the March 2024 collapse of Baltimore’s Francis Scott Key Bridge—which killed six highway
A five-year legal battle in the UK against major shipping companies involved in a car carrier cartel has concluded with a proposed £54 million (USD 72
The U.S. Coast Guard seized the very large oil tanker SKIPPER off Venezuela’s coast on Wednesday, culminating a three-year enforcement saga involving
The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan
United Against Nuclear Iran, a U.S.-based advocacy group that tracks Tehran-linked shipping and sanctions evasion, has praised the Trump administration’s
The Drewry World Container Index rose 2% to $1,957 per 40-foot container this week, marking the second consecutive weekly increase driven by strengthening
More than 30 U.S.-sanctioned oil vessels doing business in Venezuela could face punishment by Washington after the Coast Guard seized a supertanker carrying
The U.S. has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that raised oil prices and is likely to further
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