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Why STNG’s Wager on DHT Could Signal a Tanker Market Rebound
Shipping
October 30, 2024
From 
Barry Parker
 via 
gCaptain

Why STNG’s Wager on DHT Could Signal a Tanker Market Rebound

By Barry Parker (gCaptain) – In recent months, the froth has come off the prices of tanker shares. In the highly cyclical world of shipping stocks, when this happens companies...
Trump’s China Tariff Plan Could Threaten U.S. LNG Export Boom
Shipping
October 30, 2024
From 
Reuters
 via 
gCaptain

Trump’s China Tariff Plan Could Threaten U.S. LNG Export Boom

HOUSTON, Oct 30 (Reuters) – U.S. exporters of liquefied natural gas (LNG) could face new hurdles if Republican Donald Trump wins the presidential election because of a proposed 60% tariff on imports...
Cargo Ship at Center of International Controversy Over Explosives Shipment to Israel
Shipping
October 30, 2024
From 
Mike Schuler
 via 
gCaptain

Cargo Ship at Center of International Controversy Over Explosives Shipment to Israel

The German cargo ship MV Kathrin has become the center of a legal battle and global controversy, highlighting the complex interplay of international law, maritime shipping, and geopolitical tensions. The...
Europe’s Ailing Diesel Demand to See Boost From New Rule on Shipping Pollution
Shipping
October 30, 2024
From 
Bloomberg
 via 
gCaptain

Europe’s Ailing Diesel Demand to See Boost From New Rule on Shipping Pollution

(Bloomberg) — A new rule aimed at cutting pollution from shipping in the Mediterranean is set to help prop up Europe’s ailing diesel demand. The regulation will result in an increase of...
MIT Diplomas, Gala Dinners And Executive Magazine Covers Won’t Save The U.S. Merchant Marine
Shipping
October 29, 2024
From 
John Konrad
 via 
gCaptain

MIT Diplomas, Gala Dinners And Executive Magazine Covers Won’t Save The U.S. Merchant Marine

Why aren’t labor leaders willing to fight for our survival in increasingly dangerous seas? by Captain John Konrad (gCaptain OpEd) Adam Vocak, president of the Marine Engineers’ Beneficial Association (MEBA),...
MIT Diplomas, Gala Dinners And Executive Magazine Covers Won’t Save The U.S. Merchant Marine
Shipping
October 29, 2024
From 
John Konrad
 via 
gCaptain

MIT Diplomas, Gala Dinners And Executive Magazine Covers Won’t Save The U.S. Merchant Marine

During this time of the year there are countless self-congratulatory Gala Diners awarding leaders of a failing domestic industry that’s under attack not only in DC but from Houthi missiles...
Scorpio Tankers Expands into VLCC Sector with DHT Holdings Investment
Shipping
October 29, 2024
From 
Mike Schuler
 via 
gCaptain

Scorpio Tankers Expands into VLCC Sector with DHT Holdings Investment

Scorpio Tankers Inc. (NYSE: STNG) has announced a strategic investment in DHT Holdings Inc. (NYSE: DHT), a leading player in the crude tanker market. During the third quarter of 2024,...
Wallenius Wilhelmsen Inks $766M Green Transport Agreement with Major Equipment Manufacturer
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Wallenius Wilhelmsen Inks $766M Green Transport Agreement with Major Equipment Manufacturer

Wallenius Wilhelmsen has inked a five-year agreement with a “leading manufacturer” of agriculture, forestry, and roadbuilding equipment. The deal, set to commence on December 1, 2024, is valued at approximately...
Albania Seizes Smuggled Hazardous Waste Containers That Set Off Global Outcry
Shipping
October 28, 2024
From 
Bloomberg
 via 
gCaptain

Albania Seizes Smuggled Hazardous Waste Containers That Set Off Global Outcry

By K. Oanh Ha (Bloomberg) — Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’...
Mexico Rushes Oil Tanker to Cuba as Island’s Energy Crisis Worsens
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Mexico Rushes Oil Tanker to Cuba as Island’s Energy Crisis Worsens

By Marianna Parraga and Adriana Barrera HOUSTON/MEXICO CITY, Oct 28 (Reuters) – A tanker carrying about 400,000 barrels of oil departed from Mexico’s Pajaritos port and was on Monday en route to Cuba, where...
Merchant Vessel Targeted in Multiple Attacks in Bab-el-Mandeb Strait
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Merchant Vessel Targeted in Multiple Attacks in Bab-el-Mandeb Strait

A merchant vessel faced repeated attacks while transiting through the strategic Bab-el-Mandeb Strait on Monday, underscoring the continued maritime security risks in the region. The United Kingdom Maritime Trade Operations...
Mitsubishi’s New Satellite Tech Uses AI to Unmask ‘Dark Ships’ at Sea
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Mitsubishi’s New Satellite Tech Uses AI to Unmask ‘Dark Ships’ at Sea

Mitsubishi Heavy Industries (MHI) Group is set to deploy an innovative satellite system that combines cutting-edge artificial intelligence with space technology to combat the growing threat of “dark ships” on...