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EU Delegation’s Covert Campaign to Dismantle Jones Act Exposed in Government Filing
Shipping
December 12, 2024
From 
Mike Schuler
 via 
gCaptain

EU Delegation’s Covert Campaign to Dismantle Jones Act Exposed in Government Filing

A newly uncovered government disclosure has revealed a coordinated European Union effort to weaken one of America's foundational maritime laws, including through a TikTok-style influence campaign.
Singapore Port Authority Seeks Proposals to Help Scale LNG Bunkering
Shipping
December 12, 2024
From 
Reuters
 via 
gCaptain

Singapore Port Authority Seeks Proposals to Help Scale LNG Bunkering

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it said in a statement on Thursday.
EU Backs Sanctions Package, Includes 45 Additional Russian Oil Tankers
Shipping
December 12, 2024
From 
Bloomberg
 via 
gCaptain

EU Backs Sanctions Package, Includes 45 Additional Russian Oil Tankers

The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade petroleum products derived from Russian oil through early June.
Nuance in Ocean Freight Rates Could Be Another Front-Loading Tea Leaf
Shipping
December 11, 2024
From 
Lori Ann LaRocco
 via 
gCaptain

Nuance in Ocean Freight Rates Could Be Another Front-Loading Tea Leaf

Ocean freight rates have jumped up  for the December 15-31 bookings signaling a tightness of space due to demand.  Logistics managers tell gCaptain the special bullet rates have quickly disappeared the time being and the spot is heading up.
Drones Over the Jersey Shore? Congressman Claims Iran Mothership is Lurking Off U.S. Coast
Shipping
December 11, 2024
From 
Mike Schuler
 via 
gCaptain

Drones Over the Jersey Shore? Congressman Claims Iran Mothership is Lurking Off U.S. Coast

Congressman Jeff VanDrew of New Jersey claims Iran has positioned a drone mothership off the U.S. East Coast, allegedly responsible for recent mysterious drone activities in the region. The assertion...
Yellen: Soft Oil Market Opens Door to Squeeze Russia Further
Shipping
December 11, 2024
From 
Reuters
 via 
gCaptain

Yellen: Soft Oil Market Opens Door to Squeeze Russia Further

The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil creates an opportunity for more sanctions, Treasury Secretary Janet Yellen said on Wednesday.
Kawasaki Heavy Suspends Plan to Use Hydrogen From Aussie Coal
Shipping
December 11, 2024
From 
Reuters
 via 
gCaptain

Kawasaki Heavy Suspends Plan to Use Hydrogen From Aussie Coal

Kawasaki Heavy Industries has revised its Japan-Australia hydrogen supply chain demonstration project, suspending plans to use hydrogen derived from Australian brown coal and shrinking the size of the ships to be used.
Trump Trade War to Hurt US Farmers More as China Turns to Brazil
Shipping
December 11, 2024
From 
Bloomberg
 via 
gCaptain

Trump Trade War to Hurt US Farmers More as China Turns to Brazil

Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse.
QatarEnergy Seals Historic LNG Fleet Expansion
Shipping
December 11, 2024
From 
Mike Schuler
 via 
gCaptain

QatarEnergy Seals Historic LNG Fleet Expansion

QatarEnergy has reached a significant milestone by awarding its final batch of vessel contracts to a Japanese-Chinese partnership between Mitsui O.S.K Lines (MOL) and COSCO Shipping LNG Investment (Shanghai) Co....
LNG Export Terminals Await Environmental Reviews as Trump Plans Energy Push
Shipping
December 10, 2024
From 
Reuters
 via 
gCaptain

LNG Export Terminals Await Environmental Reviews as Trump Plans Energy Push

The U.S. Department of Energy said on Tuesday it is not able to complete reviews of two planned liquefied natural gas export terminals in Louisiana until an independent regulatory body finishes its environmental assessments of the projects.
Car Carrier Bull Market Seems to Be Fading
Shipping
December 10, 2024
From 
Bloomberg
 via 
gCaptain

Car Carrier Bull Market Seems to Be Fading

Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.
Maersk: Lunar New Year, Labor Disputes, and Port Congestion Challenge European Shipping Market in 2025
Shipping
December 9, 2024
From 
Mike Schuler
 via 
gCaptain

Maersk: Lunar New Year, Labor Disputes, and Port Congestion Challenge European Shipping Market in 2025

The early months of 2025 will present unique challenges and opportunities for the shipping industry. The Lunar New Year, beginning January 29, 2025, is expected to impact global shipping patterns,...