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Dry Bulk Newbuilding Orders Hit 30-Year Low Amid Market Uncertainty
Shipping
March 14, 2025
From 
Mike Schuler
 via 
gCaptain

Dry Bulk Newbuilding Orders Hit 30-Year Low Amid Market Uncertainty

Dry bulk vessel orders have collapsed to their lowest level in three decades, with newbuilding contracting plummeting 92% year-over-year in the first two months of 2025, industry association BIMCO reported...
Baltic Index Logs Fourth Straight Weekly Gain
Shipping
March 14, 2025
From 
Reuters
 via 
gCaptain

Baltic Index Logs Fourth Straight Weekly Gain

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a 17-week peak on Friday and posted a fourth straight weekly gain, as rates firmed for all segments.
Beijing Slams CK Hutchison’s $22.8 Billion Port Sale to BlackRock as ‘Betrayal’ to China
Shipping
March 14, 2025
From 
Reuters
 via 
gCaptain

Beijing Slams CK Hutchison’s $22.8 Billion Port Sale to BlackRock as ‘Betrayal’ to China

China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.
IMO Carbon Levy Uncertainty Stalling Maritime Investment, ABS Chief Warns
Shipping
March 13, 2025
From 
Mike Schuler
 via 
gCaptain

IMO Carbon Levy Uncertainty Stalling Maritime Investment, ABS Chief Warns

Uncertainty surrounding the International Maritime Organization’s (IMO) proposed carbon levy is creating significant hesitation in shipping industry investments, according to Christopher Wiernicki the Chairman and CEO of the American Bureau...
Shell Delivered Record Amount of LNG Fuel to Ships in 2024
Shipping
March 13, 2025
From 
Bloomberg
 via 
gCaptain

Shell Delivered Record Amount of LNG Fuel to Ships in 2024

Shell Plc said it delivered record volumes of liquefied natural gas to power ships last year, boosting the use of a fuel that’s become crucial to the energy transition.
U.S. Treasury Targets Iran’s ‘Shadow Fleet’ in Latest Round of Oil Sanctions
Shipping
March 13, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Targets Iran’s ‘Shadow Fleet’ in Latest Round of Oil Sanctions

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions targeting Iran’s petroleum sector, including the designation of Iran’s Minister of...
REGENT Unveils World’s First Full-Scale Electric Seaglider, Begins Historic Sea Trials
Shipping
March 12, 2025
From 
Mike Schuler
 via 
gCaptain

REGENT Unveils World’s First Full-Scale Electric Seaglider, Begins Historic Sea Trials

REGENT Craft has achieved a significant milestone in maritime transportation with the unveiling of its first full-scale seaglider prototype, marking a pivotal moment in the evolution of coastal transportation. The...
ZIM Reports Strong 2024 Turnaround, Sets Conservative 2025 Outlook Amid Red Sea Crisis
Shipping
March 12, 2025
From 
Mike Schuler
 via 
gCaptain

ZIM Reports Strong 2024 Turnaround, Sets Conservative 2025 Outlook Amid Red Sea Crisis

International container shipping company ZIM (NYSE: ZIM) has reported a remarkable recovery in 2024, posting a net income of $2.15 billion, marking a significant turnaround from the $2.69 billion loss...
Canada Strikes Back in Trade War With Tariffs on US Steel, Aluminum
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March 12, 2025
From 
Bloomberg
 via 
gCaptain

Canada Strikes Back in Trade War With Tariffs on US Steel, Aluminum

Canada announced new 25% tariffs on about C$30 billion ($20.8 billion) of US-made products, including steel and aluminum, after the Trump administration went ahead with global levies on imports of those two materials.
Ukraine Bets on US LNG as Gas Import Needs Rise
Shipping
March 12, 2025
From 
Reuters
 via 
gCaptain

Ukraine Bets on US LNG as Gas Import Needs Rise

Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of Russian attacks on its infrastructure.
Houthis Issue New Maritime Threat as Gaza Aid Deadline Passes
Shipping
March 11, 2025
From 
Mike Schuler
 via 
gCaptain

Houthis Issue New Maritime Threat as Gaza Aid Deadline Passes

Yemen’s Houthi forces have declared an immediate ban on Israeli ships in the Red Sea, Arabian Sea, Bab al-Mandab Strait, and Gulf of Aden, threatening to attack any vessels that...
Container Leasing Giant Triton Acquires GCI in Major Consolidation Move
Shipping
March 11, 2025
From 
Mike Schuler
 via 
gCaptain

Container Leasing Giant Triton Acquires GCI in Major Consolidation Move

Triton International Limited, the world’s largest lessor of intermodal freight containers, announced yesterday an agreement to acquire Global Container International LLC (GCI), marking a significant consolidation in the maritime container...