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Shipping Giant CMA CGM Sees Cargo Jump After China Tariff Relief
Shipping
May 19, 2025
From 
Reuters
 via 
gCaptain

Shipping Giant CMA CGM Sees Cargo Jump After China Tariff Relief

Shipping giant CMA CGM SA is experiencing a sharp upswing in demand for freight transport out of China in a further signal that trade is rebounding after Beijing reached a temporary truce with the US to lower tariffs.
ZIM Reports Strong Q1 Results Amid Red Sea Crisis, Declares Dividend
Shipping
May 19, 2025
From 
Mike Schuler
 via 
gCaptain

ZIM Reports Strong Q1 Results Amid Red Sea Crisis, Declares Dividend

Israeli container shipping company ZIM (NYSE: ZIM) reported strong first-quarter results today, with net income more than tripling to $296 million compared to $92 million in the same period last...
Transpacific Gridlock Looms Tariff Truce Triggers Freight Frenzy
Shipping
May 19, 2025
From 
The Loadstar
 via 
gCaptain

Transpacific Gridlock Looms Tariff Truce Triggers Freight Frenzy

Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be faced with tight capacity and soaring freight rates as new volumes collide with delayed cargo.
Finnish Icebreaker Builders Make Push for North American Market With Merger of Two Major Players
Shipping
May 19, 2025
From 
Malte Humpert
 via 
gCaptain

Finnish Icebreaker Builders Make Push for North American Market With Merger of Two Major Players

Finnish icebreaker builders continue to strengthen their position as the world’s leading firms and their ability to meet the growing demand for icebreaking vessels.
Estonian PM Vows To Keep Up Checks On Russia’s ‘Shadow Fleet’
Shipping
May 18, 2025
From 
Reuters
 via 
gCaptain

Estonian PM Vows To Keep Up Checks On Russia’s ‘Shadow Fleet’

By Andrius Sytas TALLINN, May 18 (Reuters) – Estonia will keep checking Russian “shadow fleet” vessels, Prime Minister Kristen Michal told Reuters on Sunday, days after Russia deployed a SU-35 fighter jet...
Estonia Says Russia Detained A Tanker In Baltic Sea
Shipping
May 18, 2025
From 
Reuters
 via 
gCaptain

Estonia Says Russia Detained A Tanker In Baltic Sea

By Andrius Sytas TALLINN, May 18 (Reuters) – Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding that it had alerted NATO allies to...
Container Ship Owners Swamped as US-China Trade Detente Revives Demand
Shipping
May 16, 2025
From 
Reuters
 via 
gCaptain

Container Ship Owners Swamped as US-China Trade Detente Revives Demand

Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
Spot Rates Jump as Shippers Rush to Beat Tariff Clock
Shipping
May 16, 2025
From 
Mike Schuler
 via 
gCaptain

Spot Rates Jump as Shippers Rush to Beat Tariff Clock

Container freight spot rates shot up on the transpacific trades this week, with an immediate surge in demand following news of a new 90-day hiatus in the China-US trade war.
Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers
Shipping
May 16, 2025
From 
Bloomberg
 via 
gCaptain

Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers

Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline Shipping Data Show
Shipping
May 16, 2025
From 
Reuters
 via 
gCaptain

With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline Shipping Data Show

China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
Proposal to Base U.S. Ship Registry in Virgin Islands Gets Governor Support
Shipping
May 15, 2025
From 
Reuters
 via 
gCaptain

Proposal to Base U.S. Ship Registry in Virgin Islands Gets Governor Support

A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.
Pole Star Confirms GPS Interference Caused MSC ANTONIA Grounding
Shipping
May 15, 2025
From 
Mike Schuler
 via 
gCaptain

Pole Star Confirms GPS Interference Caused MSC ANTONIA Grounding

Further analysis indicates that GPS jamming caused the containership MSC ANTONIA to run aground near the Eliza Shoals close to Jeddah Port on May 10, 2025. Following a review of...