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MSC Founder Emerges as Key Player in $19B Global Ports Deal
Shipping
April 14, 2025
From 
Bloomberg
 via 
gCaptain

MSC Founder Emerges as Key Player in $19B Global Ports Deal

Gianluigi Aponte, the secretive Italian billionaire who founded MSC Mediterranean Shipping Co SA, has emerged as a powerful broker in a $19 billion port deal with Hong Kong tycoon Li Ka-shing.
Crowley Launches First of Four LNG-Powered Containerships
Shipping
April 14, 2025
From 
Mike Schuler
 via 
gCaptain

Crowley Launches First of Four LNG-Powered Containerships

U.S.-based Crowley Maritime Corporation has marked a significant milestone in sustainable shipping with the successful launch of its newest LNG-powered containership, Quetzal, which began its maiden commercial voyage on April 11-12...
China’s March Exports Jump in Temporary Boost as Trump 2.0 Heaps Pressure
Shipping
April 14, 2025
From 
Reuters
 via 
gCaptain

China’s March Exports Jump in Temporary Boost as Trump 2.0 Heaps Pressure

China's exports rose sharply in March after factories rushed out shipments before the latest U.S. tariffs took effect, but an escalating Sino-U.S. trade war has darkened the outlook for factories and growth in the world's second-biggest economy.
Trump’s Tangled Tariffs Sow Confusion as Negotiators Line Up
Shipping
April 14, 2025
From 
Bloomberg
 via 
gCaptain

Trump’s Tangled Tariffs Sow Confusion as Negotiators Line Up

President Donald Trump’s tariff exclusions for smartphones and other tech products have added to a growing set of confusing signals for companies and trading partners digesting how to engage a White House still promising to negotiate dozens of new deals in America’s favor.
Five Below Falls As US-China Trade War Spurs Canceled Orders
Shipping
April 13, 2025
From 
Bloomberg
 via 
gCaptain

Five Below Falls As US-China Trade War Spurs Canceled Orders

By Reshmi Basu and Carrington York Apr 11, 2025 (Bloomberg) –Five Below Inc. shares dropped on Friday after the retailer asked vendors to turn away products waiting for shipment in China...
Russian Oil Shipments Shift To Western Tankers As Prices Slump
Shipping
April 12, 2025
From 
Bloomberg
 via 
gCaptain

Russian Oil Shipments Shift To Western Tankers As Prices Slump

By Julian Lee and Lucia Kassai Apr 11, 2025 (Bloomberg) –A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and insured by western companies, helping...
Chevron’s Venezuelan Oil Cargoes Canceled, Stalled Amid Payment Uncertainty
Shipping
April 12, 2025
From 
Reuters
 via 
gCaptain

Chevron’s Venezuelan Oil Cargoes Canceled, Stalled Amid Payment Uncertainty

HOUSTON, April 11 (Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron CVX.N are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the...
Landmark Climate Regulation Approved By Shipping’s Global Regulator
Shipping
April 12, 2025
From 
Bloomberg
 via 
gCaptain

Landmark Climate Regulation Approved By Shipping’s Global Regulator

By Jack Wittels Apr 11, 2025 (Bloomberg) –Shipping’s international regulator agreed new rules to slash the industry’s future greenhouse gas emissions, paving the way for the end of oil as a...
BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats

BIMCO, the world’s largest shipping association and one of the primary providers of standardized contracts and charter party agreements used in the maritime industry, has announced significant updates to its War Risk...
Taiwan Charges Captain of Chinese Cable Cutter
Shipping
April 11, 2025
From 
Reuters
 via 
gCaptain

Taiwan Charges Captain of Chinese Cable Cutter

aiwan prosecutors on Friday for the first time charged a Chinese ship captain with intentionally damaging undersea cables off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.
Tariff Turbulence Tests Container Markets, But Spot Rates Hold Firm
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

Tariff Turbulence Tests Container Markets, But Spot Rates Hold Firm

By Gavin van Marle (The Loadstar) – Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially schizophrenic effect on demand, spot freight rates this week...
IMO Makes History with First Global Carbon Pricing Scheme for Shipping, Despite Mixed Reactions
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

IMO Makes History with First Global Carbon Pricing Scheme for Shipping, Despite Mixed Reactions

In a landmark decision, the International Maritime Organization (IMO) has approved the world’s first meaningful global carbon pricing scheme for the shipping industry, marking a significant step toward maritime decarbonization....