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Trump Tariff Threat Helps Lift US Ocean Imports
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December 18, 2024
From 
Reuters
 via 
gCaptain

Trump Tariff Threat Helps Lift US Ocean Imports

When U.S. presidential candidate Donald Trump started talking about new import tariffs on the campaign trail, Danny Reynolds checked the tags on wedding dresses in his bridal salon and sped up some shipments to his independent clothing store in Indiana.
UK Leads Global Crackdown on Russia’s Shadow Fleet with New Sanctions
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December 17, 2024
From 
Mike Schuler
 via 
gCaptain

UK Leads Global Crackdown on Russia’s Shadow Fleet with New Sanctions

The UK government has announced comprehensive measures targeting illicit oil shipping while bolstering Ukraine’s critical infrastructure. The UK has imposed sanctions on 20 shadow fleet vessels, including notable tankers Ocean...
Houthis Plan Red Sea Security Webinar… Yes, Really
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December 17, 2024
From 
Mike Schuler
 via 
gCaptain

Houthis Plan Red Sea Security Webinar… Yes, Really

After a year of drone and missile attacks against merchant and naval vessels, the Iranian-backed Houthi rebel group is now extending an olive branch of sorts—by planning a seminar and...
Insurance Checkpoint Ahead: European Countries Step Up Scrutiny of Tankers Moving Russian Oil
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December 16, 2024
From 
Bloomberg
 via 
gCaptain

Insurance Checkpoint Ahead: European Countries Step Up Scrutiny of Tankers Moving Russian Oil

Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims.
EU Imposes First-Ever Sanctions On Yamal Gas Project Targeting ‘Christophe de Margerie’ LNG Carrier
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December 16, 2024
From 
Malte Humpert
 via 
gCaptain

EU Imposes First-Ever Sanctions On Yamal Gas Project Targeting ‘Christophe de Margerie’ LNG Carrier

The EU’s 15th sanctions package against Russia for the first time targets Yamal LNG by including a carrier in service of the project.  The ice-capable tanker Christophe de Margerie, one...
Insurance Checkpoint: Baltic Sea Countries Step Up Scrutiny of Tankers Moving Russian Oil
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December 16, 2024
From 
Bloomberg
 via 
gCaptain

Insurance Checkpoint: Baltic Sea Countries Step Up Scrutiny of Tankers Moving Russian Oil

Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims.
EU Expands Maritime Sanctions: 52 New Vessels Added to Russia’s Shadow Fleet Blacklist
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December 16, 2024
From 
Mike Schuler
 via 
gCaptain

EU Expands Maritime Sanctions: 52 New Vessels Added to Russia’s Shadow Fleet Blacklist

The European Union has unveiled its 15th package of restrictive measures, specifically targeting Putin’s shadow fleet and maritime circumvention efforts. The latest sanctions package introduces port access bans and service...
Yellen Won’t Rule Out Sanctions On Chinese Banks, Curbs On ‘Dark Fleet’ Oil Tankers
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December 14, 2024
From 
Reuters
 via 
gCaptain

Yellen Won’t Rule Out Sanctions On Chinese Banks, Curbs On ‘Dark Fleet’ Oil Tankers

By David Lawder, Andrea Shalal WASHINGTON, Dec 13 (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not...
Ukraine Plans Grain Exports To Syria Post-Assad
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December 14, 2024
From 
Reuters
 via 
gCaptain

Ukraine Plans Grain Exports To Syria Post-Assad

KYIV, Dec 15 (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Saturday he had instructed his government to set up supply mechanisms to deliver together with international organizations and partners food to...
Russia’s First Ammonia Terminal Ramps Up Exports Despite Sanctions
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December 13, 2024
From 
Reuters
 via 
gCaptain

Russia’s First Ammonia Terminal Ramps Up Exports Despite Sanctions

Russia launched the country's first ammonia sea terminal at the port of Ust-Luga on Friday, aiming to increase export capacity amid Western sanctions.
Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping
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December 13, 2024
From 
Reuters
 via 
gCaptain

Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping

The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.
Wallenius Wilhelmsen Secures Contracts Worth $375M as Market Shows Signs of Cooling
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December 13, 2024
From 
Mike Schuler
 via 
gCaptain

Wallenius Wilhelmsen Secures Contracts Worth $375M as Market Shows Signs of Cooling

Wallenius Wilhelmsen has secured two major multi-year contracts with leading automotive manufacturers, both featuring biofuel components. The deals, valued at approximately $375 million combined, demonstrate a growing commitment to environmental...