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Blacklisted Tanker Avoids English Channel as UK Expands Sanctions Enforcement
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December 3, 2024
From 
Bloomberg
 via 
gCaptain

Blacklisted Tanker Avoids English Channel as UK Expands Sanctions Enforcement

A tanker hauling Russian crude from the Baltic Sea to India is taking an unusually long route around the UK, just as Britain expands sanctions against Russia’s energy industry.
U.S. Imposes Sweeping Sanctions on Shadow Fleet Moving Iranian Oil
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December 3, 2024
From 
Mike Schuler
 via 
gCaptain

U.S. Imposes Sweeping Sanctions on Shadow Fleet Moving Iranian Oil

The United States has imposed sanctions on 35 entities and vessels involved in transporting Iranian oil to international markets, as part of a major crackdown on Iran’s petroleum trade network....
China Bans Export of Key Minerals to U.S. as Trade Frictions Escalate
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December 3, 2024
From 
Reuters
 via 
gCaptain

China Bans Export of Key Minerals to U.S. as Trade Frictions Escalate

China has banned exports to the United States of items related to the minerals gallium, germanium and antimony that have potential military applications, it said on Tuesday, a day after Washington's latest crackdown on China's chip sector.
Global Supply Chain Leaders Grapple with Rising Tariffs, Survey Reveals
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December 2, 2024
From 
Mike Schuler
 via 
gCaptain

Global Supply Chain Leaders Grapple with Rising Tariffs, Survey Reveals

Nearly half of supply chain leaders have identified rising tariffs and trade barriers as their primary concern heading into 2025. The 2024 Supply Chain Intelligence Report, conducted by Descartes Systems...
LNG Dominates Alternative Fuel Vessel Orders as Methanol Demand Wanes
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December 2, 2024
From 
Mike Schuler
 via 
gCaptain

LNG Dominates Alternative Fuel Vessel Orders as Methanol Demand Wanes

LNG is remaining the dominant choice for alternative-fueled vessel orders in late 2024, accounting for 23 of the 27 new orders placed in November, according to new figures from international...
Panama Purging Sanctioned Ships in Flag Registry Crackdown
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December 2, 2024
From 
Bloomberg
 via 
gCaptain

Panama Purging Sanctioned Ships in Flag Registry Crackdown

Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week, a boost for Western nations that have slapped sanctions on Moscow’s oil exports.
Hapag-Lloyd Expects Lower Profitability in Fourth Quarter
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December 2, 2024
From 
Reuters
 via 
gCaptain

Hapag-Lloyd Expects Lower Profitability in Fourth Quarter

Hapag-Lloyd expects lower profitability in the fourth quarter but still at a "good level", after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.
Maersk Orders 20 Dual-Fuel Containerships in Major Fleet Renewal Push
Shipping
December 2, 2024
From 
Mike Schuler
 via 
gCaptain

Maersk Orders 20 Dual-Fuel Containerships in Major Fleet Renewal Push

A.P. Moller-Maersk has finalized agreements for 20 new dual-fuel container vessels as part of its ambitious fleet modernization strategy, marking a significant step in the shipping giant’s decarbonization efforts. The...
Threatened by Climate Change, Panama Canal Has Big Plans to Deal With Drought
Shipping
December 2, 2024
From 
Reuters
 via 
gCaptain

Threatened by Climate Change, Panama Canal Has Big Plans to Deal With Drought

The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.
Panama Cancels Ship Registrations After UK’s Shadow Fleet Crackdown
Shipping
November 29, 2024
From 
Mike Schuler
 via 
gCaptain

Panama Cancels Ship Registrations After UK’s Shadow Fleet Crackdown

The Panama Maritime Authority (PMA) has launched expedited cancellation procedures for six Panamanian-flagged vessels recently targeted by UK sanctions. The action follows the ships’ addition to the United Kingdom’s Consolidated...
Hapag-Lloyd Secures Green Methanol Supply for Retrofitted Containerships
Shipping
November 29, 2024
From 
Mike Schuler
 via 
gCaptain

Hapag-Lloyd Secures Green Methanol Supply for Retrofitted Containerships

Hapag-Lloyd has secured a major agreement with Beijing-based clean energy provider Goldwind for the annual supply of 250,000 tonnes of green methanol. The deal marks a crucial step in the...
UK Expands Emissions Trading Scheme to Maritime Sector
Shipping
November 29, 2024
From 
Mike Schuler
 via 
gCaptain

UK Expands Emissions Trading Scheme to Maritime Sector

The UK is expanding its Emissions Trading Scheme (ETS) to include maritime emissions, marking a transformative step for the shipping industry’s environmental accountability. The expansion will require vessels operating domestic...