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Meet Fanzhou 8, China’s Massive New Heavy-Lift Submersible
Shipping
December 26, 2024
From 
Mike Schuler
 via 
gCaptain

Meet Fanzhou 8, China’s Massive New Heavy-Lift Submersible

The semi-submersible heavy lift ship Fanzhou 8 has completed sea trials and returned to Taizhou Zhonghang Shipyard on December 22, according to Chinese officials. Built by Taizhou Zhonghang Shipyard for Jiangsu Fanzhou...
Trump Names Panama Envoy Amid Threats to Retake Canal
Shipping
December 26, 2024
From 
Reuters
 via 
gCaptain

Trump Names Panama Envoy Amid Threats to Retake Canal

U.S. President-elect Donald Trump has picked Miami-Dade County Commissioner Kevin Marino Cabrera to serve as ambassador to Panama after having threatened for the U.S. to reassert control over the Panama Canal it handed over 25 years ago.
Russia Says Terrorist Attack Sunk Cargo Ship ‘Ursa Major’
Shipping
December 26, 2024
From 
Reuters
 via 
gCaptain

Russia Says Terrorist Attack Sunk Cargo Ship ‘Ursa Major’

A Russian cargo ship that ran into troubleon Monday in the Mediterranean Sea and later sank was rocked by a series of three explosions in "an act of terrorism," state news agency RIA cited the vessel's owner as saying on Wednesday.
Red Sea Diversions Cost Egypt $7 Billion in Lost Canal Revenue
Shipping
December 26, 2024
From 
Bloomberg
 via 
gCaptain

Red Sea Diversions Cost Egypt $7 Billion in Lost Canal Revenue

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.
Israel Pushes EU to Designate Houthis as Terrorists
Shipping
December 24, 2024
From 
Reuters
 via 
gCaptain

Israel Pushes EU to Designate Houthis as Terrorists

Israel has instructed its diplomatic missions in Europe to try to get the Iran-backed Houthi rebel group in Yemen designated as a terrorist organization.
Shipping Crisis Down Under: Australia Warns of Stevedore Squeeze on Aussie Importers
Shipping
December 23, 2024
From 
Mike Schuler
 via 
gCaptain

Shipping Crisis Down Under: Australia Warns of Stevedore Squeeze on Aussie Importers

Australian importers are facing unprecedented challenges in container shipping, with some paying up to eleven times more for ocean freight compared to previous years, according to a new report from...
Trump Sets Sail: President-Elect Wades Into Maritime Waters
Shipping
December 23, 2024
From 
Mike Schuler
 via 
gCaptain

Trump Sets Sail: President-Elect Wades Into Maritime Waters

With just weeks until his inauguration, President-elect Donald Trump is making waves in the maritime world, diving into port labor disputes, the Jones Act debate, and even tensions over the...
ICYMI: President-Elect Trump Threatens to Retake Panama Canal, Igniting Firestorm
Shipping
December 23, 2024
From 
Mike Schuler
 via 
gCaptain

ICYMI: President-Elect Trump Threatens to Retake Panama Canal, Igniting Firestorm

President-elect Donald Trump took a direct shot at Panama over the weekend, calling out what he described as “exorbitant” tolls and unfair treatment of U.S. interests at the Panama Canal,...
Russia’s LNG Shadow Fleet Resumes Operations After Months-Long Hiatus
Shipping
December 23, 2024
From 
Malte Humpert
 via 
gCaptain

Russia’s LNG Shadow Fleet Resumes Operations After Months-Long Hiatus

Several vessels of Russia’s LNG shadow fleet are on the move after idling for much of the past two months. In the Western Arctic near Murmansk, newbuild LNG carrier Mulan called at the Saam FSU over the weekend, likely to reload LNG it had previously offloaded at the end of September.
Panama’s Leader Takes Up Feud With Trump Over Canal Control
Shipping
December 23, 2024
From 
Bloomberg
 via 
gCaptain

Panama’s Leader Takes Up Feud With Trump Over Canal Control

Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.
Trump Demands Panama Canal Reform, Threatens Action Over “Exorbitant” Tolls
Shipping
December 22, 2024
From 
Mike Schuler
 via 
gCaptain

Trump Demands Panama Canal Reform, Threatens Action Over “Exorbitant” Tolls

President-elect Donald Trump has taken aim at Panama’s management of the Panama Canal, threatening potential action over what he calls “exorbitant” tolls and unfair treatment of U.S. interests. “The fees...
Monster Pacific Storm Unleashes Massive 65-Foot Waves
Shipping
December 21, 2024
From 
Mike Schuler
 via 
gCaptain

Monster Pacific Storm Unleashes Massive 65-Foot Waves

A powerful hurricane-force low pressure system in the North Pacific Ocean is generating extraordinary sea conditions, with significant wave heights reaching 65.77 feet (20 meters), according to the National Weather...