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Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again
Shipping
January 7, 2025
From 
Reuters
 via 
gCaptain

Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes.
Trump Refuses to Rule Out Military Force to Retake Panama Canal from ‘China Control’
Shipping
January 7, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Refuses to Rule Out Military Force to Retake Panama Canal from ‘China Control’

President-elect Donald Trump refused to rule out military force to retake control of the Panama Canal, while making unsubstantiated claims about Chinese control of the waterway. During a press conference...
China’s Biggest Shipping Line Added to US Military Blacklist
Shipping
January 7, 2025
From 
Bloomberg
 via 
gCaptain

China’s Biggest Shipping Line Added to US Military Blacklist

The US has blacklisted China’s largest shipping line and two shipbuilders over alleged links with the People’s Liberation Army, as Washington turns its attention to the country’s massive maritime sector.
Pangaea Logistics Expands Bulk Fleet with $271M Acquisition
Shipping
January 6, 2025
From 
Mike Schuler
 via 
gCaptain

Pangaea Logistics Expands Bulk Fleet with $271M Acquisition

Pangaea Logistics Solutions (NASDAQ: PANL) has successfully expanded its existing fleet with fifteen handy-size vessels from Strategic Shipping Inc. (SSI), a privately held company managed by M.T. Maritime Management (USA)...
Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst
Shipping
January 6, 2025
From 
Mike Schuler
 via 
gCaptain

Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst

Despite tightening Western sanctions, Iran’s oil exports reached 587 million barrels in 2024, marking a significant 10.75% increase from the previous year, with China emerging as the dominant buyer, according...
Putin Has Options for Russian Gas After Ukraine Route Closed
Shipping
January 6, 2025
From 
Bloomberg
 via 
gCaptain

Putin Has Options for Russian Gas After Ukraine Route Closed

Vladimir Putin might have lost a slice of revenue after Kyiv closed its gas pipeline to Russian supplies, but Moscow already has alternatives for shipping the fuel that stand to shield it from any serious economic hit.
Taiwan Accuses Chinese Vessel of Sabotaging Undersea Cable
Shipping
January 6, 2025
From 
Bloomberg
 via 
gCaptain

Taiwan Accuses Chinese Vessel of Sabotaging Undersea Cable

Taiwan suspects a Chinese-owned cargo vessel damaged an undersea cable near its northeastern coast Friday, in an alleged act of sabotage that highlights the vulnerabilities of Taipei’s offshore communications infrastructure.
The Wartime Risk Insurers Making Fortunes Keeping Trade Moving
Shipping
January 6, 2025
From 
Bloomberg
 via 
gCaptain

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters.
Guyana Removes Wrecks To Increase Safety For Oil Supply Vessels
Shipping
January 4, 2025
From 
Bloomberg
 via 
gCaptain

Guyana Removes Wrecks To Increase Safety For Oil Supply Vessels

By Denis Chabrol Jan 4, 2025 (Bloomberg) —Guyana said it is making a concerted effort to clear wreckage from its waterways and improve navigation as the number of ships serving the...
A Timeline of Suspected Baltic Sea Sabotage Incidents
Shipping
January 3, 2025
From 
Reuters
 via 
gCaptain

A Timeline of Suspected Baltic Sea Sabotage Incidents

A Finnish court has denied a request for the release of an oil tanker suspected of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week, one of several since 2022 in which underwater critical infrastructure in the Baltic Sea has suffered suspicious damage.
Crowley Expands Pacific Northwest Harbor Services with Main Line Acquisition
Shipping
January 3, 2025
From 
Mike Schuler
 via 
gCaptain

Crowley Expands Pacific Northwest Harbor Services with Main Line Acquisition

Crowley has strengthened its position in Pacific Northwest maritime services through the strategic acquisition of Main Line Inc., a Seattle-based vessel mooring company, effective January 1. The acquisition enhances Crowley’s...
Greek Shipping Companies Fined $4.5 Million for Illegal Oil Discharges, Cover-Up
Shipping
January 3, 2025
From 
Mike Schuler
 via 
gCaptain

Greek Shipping Companies Fined $4.5 Million for Illegal Oil Discharges, Cover-Up

Two Greek shipping companies have been slapped with $4.5 million in fines and penalties after their vessel, the MT Kriti Ruby, was caught illegally dumping oily waste at sea and...