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From
gCaptain
via
gCaptain
Transpacific Container Rates Surge as Carriers Cut Capacity
Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...

From
Lori Ann LaRocco
via
gCaptain
Maritime Markets Bracing for Long-term Disruption in the Middle East
By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....

From
Mike Schuler
via
gCaptain
Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia
A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the vessel, marking the second...

From
Mike Schuler
via
gCaptain
US-Flagged Cargo Ship SLNC York Evacuated After Taking on Water in Pacific
The crew of the US-flagged cargo ship SLNC York has been safely evacuated after the vessel began taking on water in the Pacific Ocean, according to operator Schuyler Line Navigation Company (SLNC)....

From
Reuters
via
gCaptain
South Korea Tests Arctic Shipping Route to Europe
South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.

From
Mike Schuler
via
gCaptain
Port of Corpus Christi Joins U.S. Push for Nuclear-Powered Shipping
The Port of Corpus Christi has joined the Trump administration’s push to bring nuclear technology into the U.S. maritime sector, signing an agreement with the U.S. Maritime Administration to explore...

From
Capital Link
via
gCaptain
Navigator Gas Sees U.S. Gas Export Boom Driving Handysize Demand
Navigator Gas posted the strongest quarterly results in its 25-year history as booming U.S. gas exports and longer trade routes helped lift vessel earnings and terminal volumes to record levels.

From
The Loadstar
via
gCaptain
Hapag-Lloyd’s Zim Takeover Hits Regulatory Headwinds
Forwarders have backed the objections of Brazilian authorities and Israeli legislators in questioning the looming Hapag-Lloyd acquisition of Zim – pushback against more consolidation within liner shipping.

From
Malte Humpert
via
gCaptain
U.S., Canada Monitor Chinese Icebreaker in Arctic as It Deploys Dozens of Observation Buoys
A U.S. Coast Guard icebreaker and Canadian warship have spent nearly a month monitoring a Chinese research icebreaker in the Arctic as it conducts an unusually extensive survey operation, including the deployment of more than 30 ice-based buoys across the high Arctic.

From
Reuters
via
gCaptain
China Completes First Stage of Work at Disputed South China Sea Reef, Images Show
China has completed the first phase of construction on Antelope Reef in the Paracels archipelago, building a man-made island in the hotly-disputed South China Sea that analysts say will form part of its largest military base.

From
Bloomberg
via
gCaptain
Trump Takes Iran Hard Line as Hormuz Tensions Set New Normal
US President Donald Trump insisted Tuesday that there were no talks ongoing with Iran, leaving the simmering conflict in the Middle East and control of the Strait of Hormuz stuck in limbo.

From
Mike Schuler
via
gCaptain
Hornbeck Offshore Backs Maritime Nuclear Push With Deployable Energy
Hornbeck Offshore Services is teaming up with nuclear technology developer Deployable Energy to explore the use of compact nuclear reactors aboard vessels and other offshore installations, including floating data centers...