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M/V ARC Endeavor Joins Maritime Security Program Fleet
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December 4, 2024
From 
Mike Schuler
 via 
gCaptain

M/V ARC Endeavor Joins Maritime Security Program Fleet

American Roll-On Roll-Off Carrier Group Inc. (ARC) has integrated the recently reflagged M/V ARC Endeavor into the Maritime Security Program (MSP) fleet as of December 1, replacing the M/V Endurance....
Trump’s Trade Hawk Peter Navarro Tapped for White House Return
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December 4, 2024
From 
Mike Schuler
 via 
gCaptain

Trump’s Trade Hawk Peter Navarro Tapped for White House Return

Former White House adviser Peter Navarro has been named to return as senior counselor for trade and manufacturing in President-Elect Trump’s second administration. Trump’s announcement, made via Truth Social, emphasizes...
Maersk Sell Ratings Stack Up as Oversupply Concerns Mount
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December 4, 2024
From 
Bloomberg
 via 
gCaptain

Maersk Sell Ratings Stack Up as Oversupply Concerns Mount

Sell recommendations on A.P. Moller - Maersk A/S shares are piling up as worries return about oversupply in the shipping market.
MAN Energy Solutions Achieves Full-Scale Ammonia Engine Testing Milestone
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December 4, 2024
From 
Mike Schuler
 via 
gCaptain

MAN Energy Solutions Achieves Full-Scale Ammonia Engine Testing Milestone

MAN Energy Solutions has commenced testing of the world’s first full-scale, two-stroke marine engine running on ammonia at its Research Centre Copenhagen (RCC). The advancement marks a crucial step in...
Maritime Heroes Honored: IMO Recognizes Exceptional Bravery at Sea
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December 3, 2024
From 
Mike Schuler
 via 
gCaptain

Maritime Heroes Honored: IMO Recognizes Exceptional Bravery at Sea

The International Maritime Organization (IMO) presented the 2024 IMO Award for Exceptional Bravery at Sea to the the Captain and crew of the oil tanker Marlin Luanda and the tugboat Pemex Maya during the...
Blacklisted Tanker Avoids English Channel as UK Expands Sanctions Enforcement
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December 3, 2024
From 
Bloomberg
 via 
gCaptain

Blacklisted Tanker Avoids English Channel as UK Expands Sanctions Enforcement

A tanker hauling Russian crude from the Baltic Sea to India is taking an unusually long route around the UK, just as Britain expands sanctions against Russia’s energy industry.
U.S. Imposes Sweeping Sanctions on Shadow Fleet Moving Iranian Oil
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December 3, 2024
From 
Mike Schuler
 via 
gCaptain

U.S. Imposes Sweeping Sanctions on Shadow Fleet Moving Iranian Oil

The United States has imposed sanctions on 35 entities and vessels involved in transporting Iranian oil to international markets, as part of a major crackdown on Iran’s petroleum trade network....
China Bans Export of Key Minerals to U.S. as Trade Frictions Escalate
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December 3, 2024
From 
Reuters
 via 
gCaptain

China Bans Export of Key Minerals to U.S. as Trade Frictions Escalate

China has banned exports to the United States of items related to the minerals gallium, germanium and antimony that have potential military applications, it said on Tuesday, a day after Washington's latest crackdown on China's chip sector.
Global Supply Chain Leaders Grapple with Rising Tariffs, Survey Reveals
Shipping
December 2, 2024
From 
Mike Schuler
 via 
gCaptain

Global Supply Chain Leaders Grapple with Rising Tariffs, Survey Reveals

Nearly half of supply chain leaders have identified rising tariffs and trade barriers as their primary concern heading into 2025. The 2024 Supply Chain Intelligence Report, conducted by Descartes Systems...
LNG Dominates Alternative Fuel Vessel Orders as Methanol Demand Wanes
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December 2, 2024
From 
Mike Schuler
 via 
gCaptain

LNG Dominates Alternative Fuel Vessel Orders as Methanol Demand Wanes

LNG is remaining the dominant choice for alternative-fueled vessel orders in late 2024, accounting for 23 of the 27 new orders placed in November, according to new figures from international...
Panama Purging Sanctioned Ships in Flag Registry Crackdown
Shipping
December 2, 2024
From 
Bloomberg
 via 
gCaptain

Panama Purging Sanctioned Ships in Flag Registry Crackdown

Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week, a boost for Western nations that have slapped sanctions on Moscow’s oil exports.
Hapag-Lloyd Expects Lower Profitability in Fourth Quarter
Shipping
December 2, 2024
From 
Reuters
 via 
gCaptain

Hapag-Lloyd Expects Lower Profitability in Fourth Quarter

Hapag-Lloyd expects lower profitability in the fourth quarter but still at a "good level", after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.