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Gaza Ceasefire Deal Sparks Hope for Red Sea Shipping Security, But Houthis Maintain Hard Line
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

Gaza Ceasefire Deal Sparks Hope for Red Sea Shipping Security, But Houthis Maintain Hard Line

A potential breakthrough ceasefire agreement between Hamas and Israel, set to begin this Sunday, could potentially ease maritime tensions in the Red Sea region, though Houthi rebels in Yemen remain...
Trump’s DOT Nominee Duffy Pledges Support for Jones Act
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

Trump’s DOT Nominee Duffy Pledges Support for Jones Act

Former Congressman Sean Duffy, President-elect Donald Trump‘s nominee for U.S. Secretary of Transportation, expressed unequivocal support for the Jones Act and made significant commitments on transportation infrastructure during his Senate...
NOAA Withdraws Critical Right Whale Protection Rule Changes
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

NOAA Withdraws Critical Right Whale Protection Rule Changes

NOAA Fisheries has withdrawn its proposed vessel speed rule update aimed at protecting the critically endangered North Atlantic right whales from deadly vessel strikes. The proposed regulation, initially published in...
US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a...
Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024
Shipping
January 15, 2025
From 
Reuters
 via 
gCaptain

Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024

Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.
NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea

NATO has launched a major maritime security operation called “Baltic Sentry” in response to a series of suspicious incidents targeting critical undersea infrastructure in the Baltic Sea. The operation was...
Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products
Shipping
January 15, 2025
From 
Reuters
 via 
gCaptain

Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia, industry sources said on Wednesday.
IMO Chief Sees Shadow Fleet Risks Growing
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

IMO Chief Sees Shadow Fleet Risks Growing

The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency said on Tuesday.
InterManager Launches Campaign to Tackle Criminalization of Seafarers
Shipping
January 14, 2025
From 
Mike Schuler
 via 
gCaptain

InterManager Launches Campaign to Tackle Criminalization of Seafarers

The maritime industry is being urged to take action to address the alarming rise in criminalization of seafarers. A new campaignInter from InterManager, the international trade association for ship management,...
Dry Bulk Market Poised for 2025 Upturn, Drewry Says
Shipping
January 14, 2025
From 
Mike Schuler
 via 
gCaptain

Dry Bulk Market Poised for 2025 Upturn, Drewry Says

The dry bulk shipping sector is heading for stronger earnings in 2025, driven by environmental regulations reshaping vessel supply and sustained commodity demand, according to maritime research firm Drewry. Drewry’s...
Oil Shipping Rates Surge After US Sanctions Hit Availability
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

Oil Shipping Rates Surge After US Sanctions Hit Availability

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.
Russia’s Arctic Oil Feels The Chill From U.S. Sanctions
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

Russia’s Arctic Oil Feels The Chill From U.S. Sanctions

Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics.