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US Vetoes G-7 Shadow Fleet Task Force Plan, Signals More Change
Shipping
March 9, 2025
From 
Bloomberg
 via 
gCaptain

US Vetoes G-7 Shadow Fleet Task Force Plan, Signals More Change

By Donato Paolo Mancini, Samy Adghirni and Laura Dhillon Kane Mar 8, 2025 (Bloomberg) –The US has rejected a Canadian proposal to establish a task force that would tackle Russia’s so-called...
Sanctions Are Tangling, Not Stopping, China’s Iran Oil Trade
Shipping
March 8, 2025
From 
Bloomberg
 via 
gCaptain

Sanctions Are Tangling, Not Stopping, China’s Iran Oil Trade

By Serene Cheong Mar 8, 2025 (Bloomberg) –Successive rounds of sanctions on companies and tankers said to be aiding Tehran are finally slowing the flow of Iranian oil to China, as costs rise...
Panama Maritime Authority to Review CK Hutchison-BlackRock Port Deal
Shipping
March 7, 2025
From 
Reuters
 via 
gCaptain

Panama Maritime Authority to Review CK Hutchison-BlackRock Port Deal

The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison and a consortium backed by BlackRock, minister to presidency Juan Carlos Orillac said on Friday.
CMA CGM Considering Building Containerships in U.S., CEO Says
Shipping
March 7, 2025
From 
Reuters
 via 
gCaptain

CMA CGM Considering Building Containerships in U.S., CEO Says

CMA CGM is in talks with shipyards about the possibility of having medium-sized container vessels built in the United States, the French shipping group's CEO Rodolphe Saade told Les Echos newspaper.
Asia-Europe Container Spot Rates Find a Floor—For Now
Shipping
March 7, 2025
From 
The Loadstar
 via 
gCaptain

Asia-Europe Container Spot Rates Find a Floor—For Now

This week’s FAK rate hikes introduced by carriers on the Asia-Europe trades managed to arrest 13 weeks of successive spot freight rate declines.
Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market
Shipping
March 7, 2025
From 
Bloomberg
 via 
gCaptain

Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs for the largest American refining center.
Trump Hails $20 Billion Investment by Shipping Firm CMA CGM
Shipping
March 7, 2025
From 
Reuters
 via 
gCaptain

Trump Hails $20 Billion Investment by Shipping Firm CMA CGM

U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20 billion in the United States to build out shipping logistics and terminals.
Mystery Mines: State Actor Likely Targeting Tankers Calling at Russian Oil Ports, Ambrey Warns
Shipping
March 7, 2025
From 
Mike Schuler
 via 
gCaptain

Mystery Mines: State Actor Likely Targeting Tankers Calling at Russian Oil Ports, Ambrey Warns

A state actor has been systematically targeting merchant vessels calling at Russian oil export facilities with naval mines since December 2024, according to a new threat assessment from maritime security firm Ambrey.
US Mulling Plan to Intercept Iranian Tankers at Sea as Exports Surge
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

US Mulling Plan to Intercept Iranian Tankers at Sea as Exports Surge

President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.
House Committee Leaders Slam EU’s TikTok Campaign to Undermine Jones Act
Shipping
March 6, 2025
From 
Mike Schuler
 via 
gCaptain

House Committee Leaders Slam EU’s TikTok Campaign to Undermine Jones Act

Bipartisan leaders of the U.S. House Transportation and Infrastructure Committee have confronted the European Union over its attempts to influence U.S. maritime policy through social media campaigns. The controversy centers...
Shipping Firms Pull Back from Hong Kong to Skirt US-China Risks
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

Shipping Firms Pull Back from Hong Kong to Skirt US-China Risks

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.
As Trump Hails Taking Back of Panama Canal, Hong Kong Inc Walks Tightrope
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

As Trump Hails Taking Back of Panama Canal, Hong Kong Inc Walks Tightrope

Hong Kong's edge as a financial hub will erode further as the city becomes embroiled in China-U.S. tensions, with the flash sale of a Hong Kong-owned global ports business highlighting geopolitical volatility, executives and analysts said.