Shipping
Articles

From
Reuters
via
gCaptain
Egypt’s Suez Canal Offers 15% Discount For Big Container Ships to Win Back Trade
Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on Tuesday.

From
Bloomberg
via
gCaptain
China-US Truce Prompts Price Jump in Pacific Shipping Frenzy
A China-US deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

From
Mike Schuler
via
gCaptain
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
The U.S. Coast Guard has announced significant changes to streamline the certification process for foreign vessels seeking to join the American Registry. The updated Navigation and Vessel Inspection Circular (NVIC)...

From
Mike Schuler
via
gCaptain
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
The traditional peak season for ocean container shipping between China and the United States could arrive earlier than usual this year following a significant reduction in tariffs between the world’s...

From
Bloomberg
via
gCaptain
French Shipping Giant Hails US-China Deal After Freight Slumps
Rodolphe Saade, Chief Executive Officer of CMA CGM SA, the world’s third-largest container carrier, hailed a truce in the trade war between Washington and Beijing.

From
Reuters
via
gCaptain
Ocean Shipping Firm Hapag-Lloyd Welcomes China-US Tariff Reprieve
German container shipping firm Hapag-Lloyd HLAG.DE on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying it expected to be buoyed by a resulting increase in bookings from China to the U.S.

From
The Loadstar
via
gCaptain
E-Commerce Likely the Front-Runner in Resurge of Transpacific Trade After Deal
Trade flows – including ecommerce – are expected to restart on the transpacific after the initial new tariff agreement between the US and China. Talks over the weekend resulted in a huge reduction in tariffs – for 90 days.

From
Malte Humpert
via
gCaptain
Russia and China to Develop New Arctic Shipping Hubs, Putin Says During Xi Meeting
Russia and China are looking to further expand their cooperation in Arctic shipping and energy projects, President Putin confirmed during a meeting with Chinese leader Xi in Moscow.

From
Reuters
via
gCaptain
US Regulators Recommend Venture Global’s CP2 LNG Project Gets Greenlight
HOUSTON, May 9 (Reuters) – U.S. federal regulators recommended in a final environmental report that Venture Global’s VG.N proposed CP2 liquefied natural gas export project in Louisiana get the go-ahead, according to a government document filed...

From
Mike Schuler
via
gCaptain
Hong Kong Ship Captain Detained Over 2023 Baltic Pipeline Damage
The captain of a Hong Kong-flagged container ship has been remanded in custody in connection with the October 2023 damage to the Balticconnector pipeline, a critical natural gas infrastructure connecting...

From
Mike Schuler
via
gCaptain
UK Targets Russia’s Shadow Fleet in Largest-Ever Maritime Sanctions Package
The UK government announced today its largest-ever sanctions package targeting Russia’s shadow fleet, with measures aimed at up to 100 oil tankers responsible for transporting more than $24 billion worth...

From
Reuters
via
gCaptain
As Trade Talks Begin, Chinese Exporters Prepare to Get Goods Moving to US Again
China-based shipping agents have resumed buying container space for goods headed for the United States after a series of U.S. tariff-induced cancellations, as Beijing and Washington head for trade talks in Switzerland.