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Articles

From
Reuters
via
gCaptain
Markets Rattle as Trump Escalates Trade Threats Against EU, Apple
U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all iPhones bought by U.S. consumers.

From
Mike Schuler
via
gCaptain
Frontline Posts $33M Profit as Tanker Market Weathers Geopolitical Storms
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The tanker company continues to demonstrate resilience in a market characterized...

From
Mike Schuler
via
gCaptain
ABS Grants Approval for First U.S. Liquefied CO2 Barge Design
Classification society ABS has awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG) for its groundbreaking liquefied carbon dioxide (LCO2) barge design. The vessel, designed as an articulated...

From
The Loadstar
via
gCaptain
Tariff Truce Spurs a Slow-Burn Surge in Transpacific Freight Rates
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at a far gentler pace than last week’s GRI-induced double-digit growth, as carriers rushed to return capacity in anticipation of at least a short-term demand bounce.

From
Mike Schuler
via
gCaptain
U.S. Celebrates National Maritime Day 2025 Amid Historic Policy Push
The United States marks National Maritime Day 2025 today with renewed focus on strengthening its maritime sector. Department of Transportation Secretary Sean Duffy highlighted the critical role of Merchant Mariners,...

From
Mike Schuler
via
gCaptain
EU’s Largest-Ever Dark Fleet Sanctions Package Still Leaves Major Gaps
The European Union has launched its most extensive sanctions package targeting Russia’s shadow fleet—blacklisting 189 additional Russian-linked tankers and bringing the total number of sanctioned vessels to 342. This marks...

From
The Loadstar
via
gCaptain
Warning Shot: GRIs Reveal Carrier Playbook Amid Tariff Rush
General rate increases (GRIs) give a “clear indication of ocean carrier intentions”, and raise alarm bells for their clients with long-term contracts.

From
Bloomberg
via
gCaptain
US Importers Race to Beat Trump Tariffs Facing Complex Customs Forms
US businesses are under mounting pressure to import goods while President Donald Trump’s higher tariffs are on pause, and they’re simultaneously navigating increasingly complex filing rules when their cargo crosses the border.

From
Bloomberg
via
gCaptain
Russia Vows to Defend Its Ships in Baltic Sea
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone.

From
Mike Schuler
via
gCaptain
U.S. FMC Launches Investigation into Flags of Convenience Amid Growing Safety Concerns
The U.S. Federal Maritime Commission (FMC) has initiated a nonadjudicatory investigation into vessel flagging practices that may create unfavorable conditions for U.S. shipping trade. The investigation comes amid mounting concerns...

From
Malte Humpert
via
gCaptain
EU Sanctions Three MOL Gas Carriers Associated With Russia’s Yamal LNG
In a surprise move the EU significantly tightened its sanctions against Russia’s liquefied natural gas sector. Brussels’ 17th sanctions package announced yesterday includes three newbuild LNG carriers managed by Japanese Mitsui OSK Lines Ltd. (MOL) under charter with Russian energy projects.

From
Bloomberg
via
gCaptain
China-US Trade Soars as Exporters Race to Hit Trade Truce Window
A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors. In the week beginning May 12, when the US and China agreed to sharply reduce tariffs for 90 days, bookings on freighters headed from China to US shores more than doubled from the prior week to about 228,000 TEUs, or twenty-foot equivalent units, data from container-tracking platform Vizion and data provider Dun & Bradstreet shows.