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Shipping
Articles
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,...
From
The Loadstar
via
gCaptain
FMC Halts Premier Alliance Rollout Over Competitive Concerns
The US Federal Maritime Commission (FMC) has issued a request for more information from ONE, HMM and Yang Ming on their proposed Premier Alliance.
From
Mike Schuler
via
gCaptain
FMC Closes Great Lakes Ballast Water Investigation as Canadian Exemptions Ease Concerns
The Federal Maritime Commission (FMC) has concluded one of its two investigations into Canadian ballast water regulations affecting Great Lakes shipping, marking a significant development in U.S.-Canada maritime relations. The...
From
Malte Humpert
via
gCaptain
Arctic Shipping Sets New Records With Hundred Transit Voyages Carrying 3m Tonnes of Cargo in 2024
A tanker hauling Russian crude from the Baltic Sea to India that was observed heading toward the Shetland Islands — a route that would have taken it on a detour around the northern tip of the UK — made a sudden turn and instead took a more-typical journey through the English Channel.
From
Reuters
via
gCaptain
Dominican Republic Port Seizes Record 9.5 Tons Of Cocaine
SANTO DOMINGO, Dec 6 (Reuters) – The Dominican Republic on Friday reported its largest ever cocaine seizure, saying it found some 9.5 metric tons of cocaine hidden in a banana shipment that...
From
Bloomberg
via
gCaptain
EU Reaches Long-Sought Mercosur Trade Deal Over French Objections
The European Union and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification.
From
Mike Schuler
via
gCaptain
OPEC+ Extends Cuts: Why the Oil Giants Are Delaying Output Rises to Q2 2025
DUBAI, Dec 6 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday the OPEC+ decision to push back the start of oil output rises by three months until April was based mainly on fundamentals. “There...
From
Mike Schuler
via
gCaptain
Abandoned Cargo Ship Listing in Red Sea After Engine Room Flooding
The Panama-flagged cargo vessel MV ISA STAR has been abandoned in the Red Sea after experiencing flooding in its engine room, with all 20 crew members successfully rescued. According to...
From
The Loadstar
via
gCaptain
Spot Rate Rollercoaster: Carriers Bank on GRIs Ahead of Lunar New Year
Asia-Europe carriers saw their early December general rate increases (GRIs) stick this week, with spot rates into both North Europe and Mediterranean ports seeing double-digit increases.
From
Mike Schuler
via
gCaptain
Shell and Equinor Join Forces to Create UK North Sea’s Largest Independent Oil Producer
Units of Equinor and Shell have announced plans to merge their UK offshore oil and gas operations, creating the largest independent producer in the UK North Sea. The 50-50 joint...
From
Mike Schuler
via
gCaptain
LNG’s Adolescence: Maturing Fast in the Race to Decarbonize Shipping, But Infrastructure Gap Looms
LNG-fueled vessels are rapidly emerging as the frontrunner in alternative marine fuels, despite representing just a fraction of the global fleet. A recent report from industry coalition SEA-LNG revealed that...
From
Mike Schuler
via
gCaptain
UNCTAD: Global Trade On Track to Hit Record $33 Trillion in 2024
Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,...