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OFAC Targets Russia-Houthi Grain Smuggling Ship
Shipping
April 2, 2025
From 
Mike Schuler
 via 
gCaptain

OFAC Targets Russia-Houthi Grain Smuggling Ship

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has designated multiple entities and individuals involved in a maritime smuggling operation that transported stolen Ukrainian grain and weapons from Russia...
Maersk Family Bids $1.3 Billion to Reclaim Full Control of Svitzer
Shipping
April 2, 2025
From 
Bloomberg
 via 
gCaptain

Maersk Family Bids $1.3 Billion to Reclaim Full Control of Svitzer

The Maersk billionaire family offered to buy Svitzer Group A/S in a deal valuing the tug operator at about 9 billion kroner ($1.3 billion), just one year after it had listed on the stock market.
Shippers Caught in the Crossfire of Trump’s ‘Liberation Day’ Tariff Blitz
Shipping
April 2, 2025
From 
Mike Schuler
 via 
gCaptain

Shippers Caught in the Crossfire of Trump’s ‘Liberation Day’ Tariff Blitz

Sweeping new ‘Liberation Day’ tariffs set to be announced by President Donald Trump could significantly transform global shipping patterns, though experts predict limited immediate impact on near-term liner freight rates....
Trump to Impose Sweeping ‘Liberation Day’ Tariffs, Escalating Global Trade Tensions
Shipping
April 2, 2025
From 
Reuters
 via 
gCaptain

Trump to Impose Sweeping ‘Liberation Day’ Tariffs, Escalating Global Trade Tensions

WASHINGTON/DUBLIN, April 2 (Reuters) – President Donald Trump proclaimed “Liberation Day” in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices...
Shipping Firm Maersk Expects Continued US Growth But Warns of Rising Uncertainty
Shipping
April 2, 2025
From 
Reuters
 via 
gCaptain

Shipping Firm Maersk Expects Continued US Growth But Warns of Rising Uncertainty

By Stine Jacobsen COPENHAGEN, April 2 (Reuters) – Danish shipping company Maersk has benefited from robust U.S. demand so far this year and expects that to continue, though the outlook could be clouded by U.S....
Genco CEO Says Trump’s China Ship Fees Will Hammer Farmers, Not China
Shipping
April 1, 2025
From 
Mike Schuler
 via 
gCaptain

Genco CEO Says Trump’s China Ship Fees Will Hammer Farmers, Not China

The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese ships go into place.
St. Lawrence Seaway Launches 67th Navigation Season
Shipping
April 1, 2025
From 
Mike Schuler
 via 
gCaptain

St. Lawrence Seaway Launches 67th Navigation Season

The U.S. Department of Transportation’s (USDOT) Great Lakes St. Lawrence Seaway Development Corporation (GLS) and its Canadian counterpart the St. Lawrence Seaway Management Corporation (SLSMC) opened the binational waterway’s 67th...
Alternative Fuel Ship Orders See Strong Methanol Uptake in March, Despite Overall Slowdown
Shipping
April 1, 2025
From 
Mike Schuler
 via 
gCaptain

Alternative Fuel Ship Orders See Strong Methanol Uptake in March, Despite Overall Slowdown

The maritime industry’s shift toward alternative fuels continued in March 2025, with 25 new vessel orders featuring alternative fuel systems, according to DNV’s Alternative Fuels Insight (AFI) platform. Methanol emerged...
Top Japanese Shipping Line Fears US Tariffs Will Slow Cargo Flows, President Says
Shipping
April 1, 2025
From 
Reuters
 via 
gCaptain

Top Japanese Shipping Line Fears US Tariffs Will Slow Cargo Flows, President Says

Nippon Yusen NYK, Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said.
Panama Deregisters Over 100 Sanctioned Vessels in Major Compliance Crackdown
Shipping
March 31, 2025
From 
Mike Schuler
 via 
gCaptain

Panama Deregisters Over 100 Sanctioned Vessels in Major Compliance Crackdown

The Panama Maritime Authority (PMA) has taken action by deregistering 107 vessels from its registry due to international sanctions violations, with an additional 18 vessels in the pipeline for de-registration....
Shipowners Are Adjusting Contracts for US Tax on China Vessels
Shipping
March 28, 2025
From 
Bloomberg
 via 
gCaptain

Shipowners Are Adjusting Contracts for US Tax on China Vessels

Shipowners and charterers are altering leasing contracts to cope with the multi-million dollar port fees expected to be imposed on Chinese-built vessels by the Trump administration, according to people familiar with the matter.
Car-Shipping Companies Plunge After Trump’s Latest Tariffs
Shipping
March 27, 2025
From 
Bloomberg
 via 
gCaptain

Car-Shipping Companies Plunge After Trump’s Latest Tariffs

Shares of companies that haul cars across oceans plunged after President Trump widened his trade war with tariffs on vehicles not made in the US.