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Hapag-Lloyd and ONE Post Gains, But Caution Clouds 2025 Outlook
Shipping
April 30, 2025
From 
Mike Schuler
 via 
gCaptain

Hapag-Lloyd and ONE Post Gains, But Caution Clouds 2025 Outlook

Hapag-Lloyd has reported strong first-quarter results for 2025, with Group EBITDA increasing by 17% to US $1.1 billion compared to the same period last year. The German container shipping giant...
China Is Days Late in Releasing Trade Data as US Shipping Slumps
Shipping
April 30, 2025
From 
Bloomberg
 via 
gCaptain

China Is Days Late in Releasing Trade Data as US Shipping Slumps

China is yet to announce regular statistics on trade flows for last week, delaying a closely watched data set as firms cut back on exports to the US.
Woodside Approves $17.5 Billion Louisiana LNG Export Project
Shipping
April 29, 2025
From 
Mike Schuler
 via 
gCaptain

Woodside Approves $17.5 Billion Louisiana LNG Export Project

Woodside Energy Group has announced a final investment decision (FID) for its massive $17.5 billion Louisiana LNG production and export facility in Calcasieu Parish. The project, which represents the largest...
Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP
Shipping
April 29, 2025
From 
Bloomberg
 via 
gCaptain

Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP

By Mark Niquette (Bloomberg) — The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to...
Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty
Shipping
April 29, 2025
From 
Reuters
 via 
gCaptain

Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty

Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsizing some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
Shipping
April 29, 2025
From 
Malte Humpert
 via 
gCaptain

Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap
Shipping
April 28, 2025
From 
Reuters
 via 
gCaptain

Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap

Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said.
US Treasury Targets Three Tankers for Delivering Oil Products to Houthi-Controlled Ports
Shipping
April 28, 2025
From 
Mike Schuler
 via 
gCaptain

US Treasury Targets Three Tankers for Delivering Oil Products to Houthi-Controlled Ports

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against three vessels and their owners for delivering petroleum products to Houthi-controlled ports after the...
South Korea Rules Out Tariff Deal With US Before June 3 Snap Election
Shipping
April 28, 2025
From 
Reuters
 via 
gCaptain

South Korea Rules Out Tariff Deal With US Before June 3 Snap Election

A senior South Korean government official ruled out on Monday that Seoul would agree to a trade package with Washington by the time the country holds a presidential election on June 3, and flagged challenges to reaching a deal even before early July.
Chinese Firms Turn to Indian Exporters to Help Fill US Orders
Shipping
April 28, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Firms Turn to Indian Exporters to Help Fill US Orders

Some China-based firms hit hard by US tariffs are reaching out to Indian exporters to fill orders on their behalf and help them retain their American customers as they navigate a trade war causing seismic shocks in global commerce.
China Claims Sovereignty Over Disputed Reef In South China Sea
Shipping
April 27, 2025
From 
Bloomberg
 via 
gCaptain

China Claims Sovereignty Over Disputed Reef In South China Sea

By Amber Tong Apr 27, 2025 (Bloomberg) –China has claimed sovereignty over an uninhabited reef in the South China Sea, according to state media, setting the stage for an escalation of...
CMA CGM To Acquire Turkish Borusan’s Logistics Subsidiary In $440 Mln Deal
Shipping
April 27, 2025
From 
Reuters
 via 
gCaptain

CMA CGM To Acquire Turkish Borusan’s Logistics Subsidiary In $440 Mln Deal

April 27 (Reuters) – French shipping giant CMA CGM’s subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan’s BRYAT.IS logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to...