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Articles

From
The Loadstar
via
gCaptain
Container Spot Rates Slip as Lunar New Year Lull Kicks In
Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major east-west ocean trades continued to show slight declines.
From
Reuters
via
gCaptain
Second Ship Seized in Baltic Sea Cable Damage Investigation
Norwegian police said on Friday they had seized and boarded a Norwegian ship with an all-Russian crew on suspicion of involvement in causing damage to a telecoms cable in the Baltic Sea, the second vessel to be named by investigators in the case.

From
Mike Schuler
via
gCaptain
Hapag-Lloyd Reports Strong 2024 Results Ahead of Gemini Launch
German container shipping giant Hapag-Lloyd has reported positive preliminary financial results for 2024, with increased transport volumes and stable freight rates driving improved performance. The company achieved a Group EBITDA...

From
Bloomberg
via
gCaptain
Trump Set On 25% Tariffs on Mexico and Canada Starting February 1
By Akayla Gardner and Josh Wingrove (Bloomberg) — President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb....

From
Reuters
via
gCaptain
Panama’s Mulino Shuts Down Trump’s Canal Takeover Talk Ahead of Rubio Visit
Panamanian President Jose Raul Mulino on Thursday ruled out discussing control over the Panama Canal in a meeting with U.S. Secretary of State Marco Rubio, who is set to visit the Central American country in his first official trip abroad this weekend.

From
Mike Schuler
via
gCaptain
Greek Shipping Company Fined $1.1M for Environmental Violations in Corpus Christi
Eurobulk Ltd. has been ordered to pay a $1.125 million criminal fine and serve four years of probation for violating the Act to Prevent Pollution from Ships (APPS) and falsifying...

From
Reuters
via
gCaptain
Russia’s Yamal LNG Acquires New Tanker
Jan 30 (Reuters) – Russia’s liquefied natural gas plant Yamal LNG, led by Novatek, has acquired a new gas carrier for ship-to-ship operations near the Arctic port of Murmansk, ship-tracking LSEG data showed on...

From
Mike Schuler
via
gCaptain
Containership Fire in Red Sea Not Connected to Houthi Activity, Officials Confirm
A fire aboard the Hong Kong-flagged containership ASL BAUHINIA in the Red Sea has been officially determined to be unrelated to Houthi militant activity, according to the Combined Maritime Forces’s...

From
Mike Schuler
via
gCaptain
Chief Engineer Sentenced to Prison for ‘Magic Pipe’ Cover-Up in New Orleans
The Chief Engineer of a Liberian-flagged bulk carrier has been sentenced to prison for environmental crimes and obstruction after pleading guilty to violating the Act to Prevent Pollution from Ships...

From
Bloomberg
via
gCaptain
Ukraine Claims More Drone Strikes on Russia’s Oil Infrastructure
Ukraine claimed it successfully struck a Russian oil refinery and a pumping station on a vital crude pipeline with drones as Kyiv steps up its attacks on its rival’s energy infrastructure.

From
Mike Schuler
via
gCaptain
Surging Container Imports Signal U.S. Economic Strength
The nation’s ten largest ports recorded a 14.2% year-over-year increase in inbound container volume in December, continuing a fifteen-month streak of growth, according to shipping expert John McCown’s latest analysis....

From
Reuters
via
gCaptain
EU Won’t Ban Russian LNG Until Alternative Sources Secured, Diplomats Say
The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said.