Shipping
Articles

From
Mike Schuler
via
gCaptain
Panamax Pain as China’s Grain Imports Plunge 51%
China’s push for import independence combined with falling soybean demand has driven the country’s imported grain shipments down 51% year-over-year this month. According to BIMCO, this decline has significantly affected...

From
Mike Schuler
via
gCaptain
Sean Duffy Confirmed as Trump’s Transportation Secretary
The U.S. Senate has confirmed former Congressman Sean Duffy as Secretary of Transportation in a 77-22 vote. Duffy, who previously represented Wisconsin’s 7th congressional district and served on the Financial...

From
Mike Schuler
via
gCaptain
New Fortress Energy’s Fast LNG Facility Exceeds Design Capacity
New Fortress Energy‘s Fast LNG facility off Altamira, Mexico is operating above its nameplate capacity, delivering nine LNG cargoes since its commissioning over the summer. According to the company, the...

From
Mike Schuler
via
gCaptain
Senate Hearing Grills Chinese Influence Over Panama Canal Amid Trump’s Call for US Control
A Senate Commerce Committee hearing today focussed on escalating concerns over China’s growing influence on the Panama Canal, a critical waterway that handles some 40% of U.S. seaborne container traffic...

From
Mike Schuler
via
gCaptain
U.S. and UK Ships Transit Red Sea as Ceasefire Holds
Several U.S. and UK-affiliated vessels have successfully transited the Red Sea since the Israel-Hamas ceasefire took effect last week, signaling a potential gradual return of maritime commerce through the region...

From
Mike Schuler
via
gCaptain
Nine Charged in Massive Smuggling Scheme at Ports of Los Angeles and Long beach
Federal authorities have uncovered a sophisticated smuggling operation at the Ports of Los Angeles and Long Beach, leading to the arrest of eight defendants in connection with a scheme to...

From
Bloomberg
via
gCaptain
Russian Oil Tankers U-Turn and Then Halt Near France After Storm
Two oil tankers hauling crude from Russia made U-turns as they sailed past France and are now at a standstill near the northern port of Cherbourg.

From
Mike Schuler
via
gCaptain
Seafarer Happiness Index Shows First Decline in 2024, Port Access Restrictions Key Concern
The Mission to Seafarers’ latest Seafarers Happiness Index reveals a decline in seafarer satisfaction to 6.91 in Q4 2024, down from 7.16 in Q3, marking the first downturn in four...

From
Mike Schuler
via
gCaptain
NYK Group Launches CO2 Removal Initiative, Targets 100,000-Ton Emissions Cut by 2030
Japanese shipping giant NYK Group announced today its strategic implementation of carbon dioxide removal (CDR) technology as part of its comprehensive plan to reduce Scope 1 emissions. The initiative, detailed...

From
Reuters
via
gCaptain
Russia’s Ust-Luga Oil Exports Fall to 4-year Lows in January
Russia's Ust-Luga port cut its oil loadings by half of its capacity in January to a four-year low partly due to technical issues on Transneft's pipeline system, according to traders.

From
Reuters
via
gCaptain
Baltic Index Falls to Near Two-Year Low on Weaker Vessel Rates
Jan 27 (Reuters) – The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped to a 23-month low on Monday following a decline in rates across...

From
Mike Schuler
via
gCaptain
Red Sea Crisis Pushes Shipping Stores and Spares Costs Higher
The maritime industry has experienced mounting cost pressures in the past year as vessels reroute around Africa due to Red Sea security concerns. Shipping industry analysts at Drewry report that...