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Containership Transits of Suez Canal Hit 2024 High, But Big Ships Avoid the Route
Shipping
November 26, 2024
From 
Mike Schuler
 via 
gCaptain

Containership Transits of Suez Canal Hit 2024 High, But Big Ships Avoid the Route

The Suez Canal recorded its highest containership traffic for 2024 last week, with 54 vessels traversing the waterway in both directions, according to liner industry analyst Alphaliner. The milestone comes...
Panama Land Bridge: Can It Solve the Canal’s Drought Woes?
Shipping
November 26, 2024
From 
The Loadstar
 via 
gCaptain

Panama Land Bridge: Can It Solve the Canal’s Drought Woes?

Rising water levels have restored transits through the Panama Canal, but the canal authority is also looking into how a land bridge could move even more cargo across the isthmus.
Trade War 2.0? Trump Announces Tariffs on Top Trading Partners
Shipping
November 26, 2024
From 
Mike Schuler
 via 
gCaptain

Trade War 2.0? Trump Announces Tariffs on Top Trading Partners

President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.
UK Cracks Down on Russia’s Shadow Fleet with Largest Sanctions Package to Date
Shipping
November 25, 2024
From 
Mike Schuler
 via 
gCaptain

UK Cracks Down on Russia’s Shadow Fleet with Largest Sanctions Package to Date

The UK has sanctioned 30 vessels from Russia’s so-called “shadow fleet” representing a decisive move to curtail Russia’s ability to fund its war in Ukraine. These ships, responsible for transporting...
Sixteen Missing After Tourist Boat Sinks off Egypt’s Red Sea Coast
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November 25, 2024
From 
Reuters
 via 
gCaptain

Sixteen Missing After Tourist Boat Sinks off Egypt’s Red Sea Coast

Sixteen people including 12 foreign nationals are missing after a tourist boat sank off Egypt's Red Sea coast, the local government said on Monday.
Nation’s First Electric Hydrofoil Ferry Coming to Lake Tahoe
Shipping
November 25, 2024
From 
Mike Schuler
 via 
gCaptain

Nation’s First Electric Hydrofoil Ferry Coming to Lake Tahoe

Lake Tahoe, the pristine alpine lake located in the Sierra Nevada mountain range, is poised to make maritime history with the introduction of the first electric hydrofoil ferry service in...
Iran Braces for Trump Reset With Economy Buckling From Sanctions
Shipping
November 25, 2024
From 
Bloomberg
 via 
gCaptain

Iran Braces for Trump Reset With Economy Buckling From Sanctions

When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.
KKR, Mitsui OSK Said Among Bidders in €1.5 Billion LBC Tank Sale
Shipping
November 23, 2024
From 
Bloomberg
 via 
gCaptain

KKR, Mitsui OSK Said Among Bidders in €1.5 Billion LBC Tank Sale

US private equity firm KKR & Co. and Japanese shipping company Mitsui OSK Lines Ltd. are among bidders for bulk liquid storage company LBC Tank Terminals, people with knowledge of the matter said.
China-Mexico Trade Hits Record Volumes, But Volatility Looms in 2025
Shipping
November 22, 2024
From 
Mike Schuler
 via 
gCaptain

China-Mexico Trade Hits Record Volumes, But Volatility Looms in 2025

The China-Mexico trade route has experienced unprecedented growth in 2024, with shipping volumes surging 18.9% in the first nine months compared to 2023, according to Oslo-based freight benchmarking and market...
U.S. Coast Guard Sounds Alarm on Cyber Threats from Chinese Port Cranes
Shipping
November 22, 2024
From 
Mike Schuler
 via 
gCaptain

U.S. Coast Guard Sounds Alarm on Cyber Threats from Chinese Port Cranes

The U.S. Coast Guard has issued a new cybersecurity directive targeting Chinese-manufactured ship-to-shore cranes, addressing mounting concerns over national security vulnerabilities in America’s maritime infrastructure. MARSEC Directive 105-5 establishes additional...
Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures
Shipping
November 22, 2024
From 
Reuters
 via 
gCaptain

Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures

Several ships in Singapore and Rotterdam reported operational problems in recent months after using marine fuel blended with cashew nutshell liquid biofuel, fuel testing agency CTI-Maritec said in an advisory on Thursday.
FAK Fantasy: Carriers Struggle to Keep Rates Afloat
Shipping
November 22, 2024
From 
The Loadstar
 via 
gCaptain

FAK Fantasy: Carriers Struggle to Keep Rates Afloat

Container spot rates were largely unchanged for a third consecutive week, as it became evident that a 15 November rate hike on Asia-Europe trades had failed to have anything more than a marginal impact on pricing.