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Trump Widens Trade Fight with ‘Reciprocal Tariff’ Threat
Shipping
February 14, 2025
From 
Bloomberg
 via 
gCaptain

Trump Widens Trade Fight with ‘Reciprocal Tariff’ Threat

President Donald Trump is embarking on what may be his most disruptive action yet for the global economy by broadening his grievances to how other countries choose to tax and regulate.
India to Boost Oil and Gas Imports From U.S. to Avoid Trump Tariffs
Shipping
February 14, 2025
From 
Bloomberg
 via 
gCaptain

India to Boost Oil and Gas Imports From U.S. to Avoid Trump Tariffs

India has agreed to boost oil and gas imports from the US in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.
Russian Oil Tanker Fleet Severely Hobbled by Last Month’s US Sanctions
Shipping
February 14, 2025
From 
Bloomberg
 via 
gCaptain

Russian Oil Tanker Fleet Severely Hobbled by Last Month’s US Sanctions

The latest US sanctions on Russia’s oil trade have brought a swath of tankers that deliver Moscow’s crude to a halt — reinforcing the significance of the measures in any negotiations over ending the war in Ukraine.
HD Korea Shipbuilding Unveils Revolutionary Nuclear-Powered Containership Design
Shipping
February 14, 2025
From 
Mike Schuler
 via 
gCaptain

HD Korea Shipbuilding Unveils Revolutionary Nuclear-Powered Containership Design

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has reached a significant milestone in maritime innovation with the unveiling of its nuclear-powered containership design utilizing Small Modular Reactor (SMR) technology....
Estonia’s Navy Steps Up Baltic Sea Patrols
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February 13, 2025
From 
Reuters
 via 
gCaptain

Estonia’s Navy Steps Up Baltic Sea Patrols

Estonia's navy is prepared to act against vessels that pose a danger to Baltic Sea infrastructure even if they are in international waters, a senior official patrolling the busy Gulf of Finland shipping lane said on Thursday.
ABS Chief: Nuclear Power Essential for Shipping’s Net-Zero Goals
Shipping
February 13, 2025
From 
Mike Schuler
 via 
gCaptain

ABS Chief: Nuclear Power Essential for Shipping’s Net-Zero Goals

Nuclear technology is becoming increasingly vital for maritime decarbonization, with American Bureau of Shipping (ABS) Chairman and CEO Christopher J. Wiernicki declaring it indispensable for achieving net-zero emissions in shipping...
Bill Aiming to Anchor Food for Peace in the USDA Receives Maritime Industry Support
Shipping
February 13, 2025
From 
Mike Schuler
 via 
gCaptain

Bill Aiming to Anchor Food for Peace in the USDA Receives Maritime Industry Support

A bicameral group of lawmakers has introduced legislation to transfer the administration of the Food for Peace Program from USAID to the U.S. Department of Agriculture (USDA), a move that...
Panama Ship Registry Hits 96.5% Compliance Rate, Takes Hard Stance on Sanctions Evasion
Shipping
February 13, 2025
From 
Mike Schuler
 via 
gCaptain

Panama Ship Registry Hits 96.5% Compliance Rate, Takes Hard Stance on Sanctions Evasion

Panama’s ship registry has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards, while simultaneously strengthening its position against sanctions evasion through new regulatory measures. With...
IEA Sees Muted Effects of New Russia Sanctions Amid Workarounds
Shipping
February 13, 2025
From 
Bloomberg
 via 
gCaptain

IEA Sees Muted Effects of New Russia Sanctions Amid Workarounds

The International Energy Agency has lowered its outlook for Russia’s oil production this year by only a narrow margin even with sweeping western energy sanctions, as the Paris-based organization expects the nation to come up with workarounds.
Russia’s Yamal LNG Gets New Tanker for Ship-to-Ship Transfers
Shipping
February 13, 2025
From 
Reuters
 via 
gCaptain

Russia’s Yamal LNG Gets New Tanker for Ship-to-Ship Transfers

Russia's liquefied natural gas plant Yamal LNG, led by Novatek, has acquired a new gas carrier for ship-to-ship operations near the Arctic port of Murmansk, ship-tracking LSEG data showed on Thursday.
Milei’s Plan to Boost Argentina’s Farm Exports: A Deeper River
Shipping
February 12, 2025
From 
Bloomberg
 via 
gCaptain

Milei’s Plan to Boost Argentina’s Farm Exports: A Deeper River

The Paraná is Argentina’s gateway to global markets. Around 80% of all the country’s crops are loaded on its shores. But the shipping channel hasn’t been deepened since 2006 — even as global soy commerce has doubled in the same period.
Russia Braces For Oil Output Cuts as Sanctions and Drones Hit
Shipping
February 12, 2025
From 
Reuters
 via 
gCaptain

Russia Braces For Oil Output Cuts as Sanctions and Drones Hit

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.