Shipping
Articles

From
Reuters
via
gCaptain
Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024
Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.

From
Mike Schuler
via
gCaptain
NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea
NATO has launched a major maritime security operation called “Baltic Sentry” in response to a series of suspicious incidents targeting critical undersea infrastructure in the Baltic Sea. The operation was...

From
Reuters
via
gCaptain
Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia, industry sources said on Wednesday.

From
Reuters
via
gCaptain
IMO Chief Sees Shadow Fleet Risks Growing
The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency said on Tuesday.

From
Mike Schuler
via
gCaptain
InterManager Launches Campaign to Tackle Criminalization of Seafarers
The maritime industry is being urged to take action to address the alarming rise in criminalization of seafarers. A new campaignInter from InterManager, the international trade association for ship management,...

From
Mike Schuler
via
gCaptain
Dry Bulk Market Poised for 2025 Upturn, Drewry Says
The dry bulk shipping sector is heading for stronger earnings in 2025, driven by environmental regulations reshaping vessel supply and sustained commodity demand, according to maritime research firm Drewry. Drewry’s...

From
Reuters
via
gCaptain
Oil Shipping Rates Surge After US Sanctions Hit Availability
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.

From
Reuters
via
gCaptain
Russia’s Arctic Oil Feels The Chill From U.S. Sanctions
Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics.

From
Bloomberg
via
gCaptain
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic.

From
Bloomberg
via
gCaptain
US Sanctions on Russia Ripple Through Tanker Market
Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.

From
Reuters
via
gCaptain
New Sanctions to Test Russia’s Shadow Fleet Resilience
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.

From
Malte Humpert
via
gCaptain
US Slaps Sanctions on Chinese Yard Wison For Supplying Technology to Arctic LNG 2
Time has run out for Chinese technology provider Zhoushan Wison Offshore and Marine, a key partner in Novatek’s Yamal LNG and Arctic LNG 2 projects. The company’s brazen scheme to deliver a large power plant from its Zhoushan yard to the Russian Arctic last fall has now garnered the attention of US officials, resulting in sanctions against Wison and several vessel operators.