Shipping
Articles

From
Mike Schuler
via
gCaptain
OFAC Adds Multiple Shipping Entities and Two Vessels to SDN List in Iran-Linked Sanctions Update
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has expanded its Specially Designated Nationals (SDN) List to include several maritime entities and vessels linked to Iranian...

From
The Loadstar
via
gCaptain
Carriers Roll Out Rate Increases Amid US-China Tariff Pause
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting an early peak season on the transpacific eastbound trade, and have announced surcharges of $1,000-$2,000 per 40ft, said container shipping consultancy Linerlytica today.

From
Mike Schuler
via
gCaptain
Crowley Expands Caribbean Service with Second LNG-Powered Containership
Crowley has launched its second LNG-powered containership in the Avance Class fleet, expanding its ocean shipping capabilities in the Caribbean Basin. The vessel, named Copán after a significant Mayan archaeological...

From
Reuters
via
gCaptain
India Approves More Russian Insurers to Provide Marine Cover
India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market.

From
Reuters
via
gCaptain
Egypt’s Suez Canal Offers 15% Discount For Big Container Ships to Win Back Trade
Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on Tuesday.

From
Bloomberg
via
gCaptain
China-US Truce Prompts Price Jump in Pacific Shipping Frenzy
A China-US deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

From
Mike Schuler
via
gCaptain
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
The U.S. Coast Guard has announced significant changes to streamline the certification process for foreign vessels seeking to join the American Registry. The updated Navigation and Vessel Inspection Circular (NVIC)...

From
Mike Schuler
via
gCaptain
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
The traditional peak season for ocean container shipping between China and the United States could arrive earlier than usual this year following a significant reduction in tariffs between the world’s...

From
Bloomberg
via
gCaptain
French Shipping Giant Hails US-China Deal After Freight Slumps
Rodolphe Saade, Chief Executive Officer of CMA CGM SA, the world’s third-largest container carrier, hailed a truce in the trade war between Washington and Beijing.

From
Reuters
via
gCaptain
Ocean Shipping Firm Hapag-Lloyd Welcomes China-US Tariff Reprieve
German container shipping firm Hapag-Lloyd HLAG.DE on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying it expected to be buoyed by a resulting increase in bookings from China to the U.S.

From
The Loadstar
via
gCaptain
E-Commerce Likely the Front-Runner in Resurge of Transpacific Trade After Deal
Trade flows – including ecommerce – are expected to restart on the transpacific after the initial new tariff agreement between the US and China. Talks over the weekend resulted in a huge reduction in tariffs – for 90 days.

From
Malte Humpert
via
gCaptain
Russia and China to Develop New Arctic Shipping Hubs, Putin Says During Xi Meeting
Russia and China are looking to further expand their cooperation in Arctic shipping and energy projects, President Putin confirmed during a meeting with Chinese leader Xi in Moscow.