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US East Coast Shipping Rates Expected to Cool After ILA-USMX Deal
Shipping
January 9, 2025
From 
Mike Schuler
 via 
gCaptain

US East Coast Shipping Rates Expected to Cool After ILA-USMX Deal

A potentially devastating strike at U.S. East Coast and Gulf Coast ports has been averted following a tentative six-year agreement between port workers and maritime employers, bringing relief to an...
China Foreign Ministry Not Aware of Shandong Port Group Ban on Sanctioned Ships
Shipping
January 8, 2025
From 
Reuters
 via 
gCaptain

China Foreign Ministry Not Aware of Shandong Port Group Ban on Sanctioned Ships

China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbors.
Finnish Authorities Find Alarming Safety Deficiencies on Russian Tanker Suspected Cable Damage
Shipping
January 8, 2025
From 
Mike Schuler
 via 
gCaptain

Finnish Authorities Find Alarming Safety Deficiencies on Russian Tanker Suspected Cable Damage

Finnish maritime authorities have detained the tanker Eagle S following a port state control inspection that revealed numerous serious safety deficiencies. The vessel, identified as part of Russia’s sanctions-evading shadow...
Trump Promised Swift Action on LNG Exports, but Advisers Preaching Patience
Shipping
January 7, 2025
From 
Reuters
 via 
gCaptain

Trump Promised Swift Action on LNG Exports, but Advisers Preaching Patience

Advisers to U.S.President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions.
U.S. Tanker Stocks Surge After Pentagon Blacklists Major Chinese Maritime Players
Shipping
January 7, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Tanker Stocks Surge After Pentagon Blacklists Major Chinese Maritime Players

U.S.-listed tanker stocks rallied sharply on Tuesday, with some shares jumping as much as 10% after the Pentagon added several Chinese maritime giants to its list of companies with alleged...
Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again
Shipping
January 7, 2025
From 
Reuters
 via 
gCaptain

Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes.
Trump Refuses to Rule Out Military Force to Retake Panama Canal from ‘China Control’
Shipping
January 7, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Refuses to Rule Out Military Force to Retake Panama Canal from ‘China Control’

President-elect Donald Trump refused to rule out military force to retake control of the Panama Canal, while making unsubstantiated claims about Chinese control of the waterway. During a press conference...
China’s Biggest Shipping Line Added to US Military Blacklist
Shipping
January 7, 2025
From 
Bloomberg
 via 
gCaptain

China’s Biggest Shipping Line Added to US Military Blacklist

The US has blacklisted China’s largest shipping line and two shipbuilders over alleged links with the People’s Liberation Army, as Washington turns its attention to the country’s massive maritime sector.
Pangaea Logistics Expands Bulk Fleet with $271M Acquisition
Shipping
January 6, 2025
From 
Mike Schuler
 via 
gCaptain

Pangaea Logistics Expands Bulk Fleet with $271M Acquisition

Pangaea Logistics Solutions (NASDAQ: PANL) has successfully expanded its existing fleet with fifteen handy-size vessels from Strategic Shipping Inc. (SSI), a privately held company managed by M.T. Maritime Management (USA)...
Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst
Shipping
January 6, 2025
From 
Mike Schuler
 via 
gCaptain

Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst

Despite tightening Western sanctions, Iran’s oil exports reached 587 million barrels in 2024, marking a significant 10.75% increase from the previous year, with China emerging as the dominant buyer, according...
Putin Has Options for Russian Gas After Ukraine Route Closed
Shipping
January 6, 2025
From 
Bloomberg
 via 
gCaptain

Putin Has Options for Russian Gas After Ukraine Route Closed

Vladimir Putin might have lost a slice of revenue after Kyiv closed its gas pipeline to Russian supplies, but Moscow already has alternatives for shipping the fuel that stand to shield it from any serious economic hit.
Taiwan Accuses Chinese Vessel of Sabotaging Undersea Cable
Shipping
January 6, 2025
From 
Bloomberg
 via 
gCaptain

Taiwan Accuses Chinese Vessel of Sabotaging Undersea Cable

Taiwan suspects a Chinese-owned cargo vessel damaged an undersea cable near its northeastern coast Friday, in an alleged act of sabotage that highlights the vulnerabilities of Taipei’s offshore communications infrastructure.