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Asia-Europe Container Rates Overtake Transpacific for First Time in 2025
Shipping
July 4, 2025
From 
The Loadstar
 via 
gCaptain

Asia-Europe Container Rates Overtake Transpacific for First Time in 2025

By Gavin van Marle (The Loadstar) – For the first time since the beginning of this year it is now more expensive to ship a 40ft container from Asia to North...
Chinese Captain in Baltic Sea Cable Damage Case Appears in Hong Kong Court
Shipping
July 4, 2025
From 
Reuters
 via 
gCaptain

Chinese Captain in Baltic Sea Cable Damage Case Appears in Hong Kong Court

HONG KONG, July 4 (Reuters) – The captain of a Hong Kong-registered ship alleged to have damaged undersea cables in the Baltic Sea was assigned a lawyer in a Hong Kong court...
U.S. Sanctions Iranian Oil Smuggling Networks and Shadow Fleet Vessels
Shipping
July 3, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Sanctions Iranian Oil Smuggling Networks and Shadow Fleet Vessels

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed new sanctions on multiple networks involved in transporting and purchasing billions of dollars’ worth of Iranian...
Tensions Are Starting to Brew Over Waterways for U.S. LNG Cargoes
Shipping
July 3, 2025
From 
Bloomberg
 via 
gCaptain

Tensions Are Starting to Brew Over Waterways for U.S. LNG Cargoes

One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in an energy sector that the Trump administration is supporting for increased exports.
Fincantieri Taps New U.S. CEO Amid American Shipbuilding Revival
Shipping
July 3, 2025
From 
Bloomberg
 via 
gCaptain

Fincantieri Taps New U.S. CEO Amid American Shipbuilding Revival

Fincantieri SpA is set to appoint George Moutafis as head of its US unit, according to people familiar with the matter, betting on an American shipbuilding revival under President Donald Trump.
U.S. Lifts Ethane Export Restrictions to China as Trade Tensions Ease
Shipping
July 3, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Lifts Ethane Export Restrictions to China as Trade Tensions Ease

By Christopher Charleston and Nicholas Lua (Bloomberg) — US ethane producers said the government has removed license requirements for shipping the gas to China, clearing the way for deliveries to the...
German Government Still in Talks With Thyssenkrupp Over Naval Spin-Off
Shipping
July 2, 2025
From 
Reuters
 via 
gCaptain

German Government Still in Talks With Thyssenkrupp Over Naval Spin-Off

The German government is still in talks with Thyssenkrupp TKAG.DE over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to take a stake.
Venezuela’s Oil Exports on The Rise as More Cargoes Head to China
Shipping
July 2, 2025
From 
Reuters
 via 
gCaptain

Venezuela’s Oil Exports on The Rise as More Cargoes Head to China

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. and European markets was offset by more cargoes sent to China, according to shipping data and documents.
Gas Carrier Dashes Across Arctic Ocean in Just 10 Days Delivering Russian LNG to Asia
Shipping
July 2, 2025
From 
Malte Humpert
 via 
gCaptain

Gas Carrier Dashes Across Arctic Ocean in Just 10 Days Delivering Russian LNG to Asia

The 172,846 cbm LNG carrier Georgiy Ushakov crossed the Arctic from Russia’s Yamal Peninsula to the Bering Strait in less than 10 days passing through extensive late-winter sea ice. The Arc7 ice-class gas tanker was accompanied by the nuclear icebreaker Yamal for part of the 2,500 nautical mile journey.
U.S. Grain Exports Rise Despite Chinese Tariffs
Shipping
July 2, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Grain Exports Rise Despite Chinese Tariffs

U.S seaborne grain exports increased 9% year-over-year during the first half of 2025, despite significant challenges from Chinese tariffs, according to a new analysis from BIMCO. “During the first half...
Germany and Sweden Launch Joint Initiative to Monitor Shadow Fleet in Baltic Sea
Shipping
July 2, 2025
From 
Mike Schuler
 via 
gCaptain

Germany and Sweden Launch Joint Initiative to Monitor Shadow Fleet in Baltic Sea

German authorities have implemented a new measure requiring tankers traveling eastward through the Fehmarn Belt, in the western part of the Baltic Sea, to disclose their insurance coverage against oil...
Indonesia’s Pertamina Seeks $700 Million Loan to Build Vessels
Shipping
July 2, 2025
From 
Bloomberg
 via 
gCaptain

Indonesia’s Pertamina Seeks $700 Million Loan to Build Vessels

Indonesia’s state-owned oil giant PT Pertamina and its shipping arm are seeking an offshore loan of about $700 million for the construction of vessels, according to people familiar with the matter.