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Egypt’s Suez Canal Offers 15% Discount For Big Container Ships to Win Back Trade
Shipping
May 13, 2025
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.
China-US Truce Prompts Price Jump in Pacific Shipping Frenzy
Shipping
May 13, 2025
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.
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
Shipping
May 12, 2025
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)...
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
Shipping
May 12, 2025
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...
French Shipping Giant Hails US-China Deal After Freight Slumps
Shipping
May 12, 2025
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.
Ocean Shipping Firm Hapag-Lloyd Welcomes China-US Tariff Reprieve
Shipping
May 12, 2025
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.
E-Commerce Likely the Front-Runner in Resurge of Transpacific Trade After Deal
Shipping
May 12, 2025
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.
Russia and China to Develop New Arctic Shipping Hubs, Putin Says During Xi Meeting
Shipping
May 12, 2025
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.
US Regulators Recommend Venture Global’s CP2 LNG Project Gets Greenlight
Shipping
May 10, 2025
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...
Hong Kong Ship Captain Detained Over 2023 Baltic Pipeline Damage
Shipping
May 9, 2025
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...
UK Targets Russia’s Shadow Fleet in Largest-Ever Maritime Sanctions Package
Shipping
May 9, 2025
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...
As Trade Talks Begin, Chinese Exporters Prepare to Get Goods Moving to US Again
Shipping
May 9, 2025
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.