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Mysterious Dubai Firm Takes Control of Russian LNG Ships in Apparent Effort to Skirt Sanctions
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October 18, 2024
From 
Bloomberg
 via 
gCaptain

Mysterious Dubai Firm Takes Control of Russian LNG Ships in Apparent Effort to Skirt Sanctions

(Bloomberg) — A newly established company in Dubai has taken over three liquefied natural gas tankers, in what appears to be Russia’s latest effort to circumvent Western sanctions. Velikiy Novgorod,...
No End in Sight: New Ships Won’t Stop Freight Rates From Climbing in 2025
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October 18, 2024
From 
The Loadstar
 via 
gCaptain

No End in Sight: New Ships Won’t Stop Freight Rates From Climbing in 2025

By Charlie Bartlett (The Loadstar) – Some three million TEU of new tonnage arriving next year will most likely be “more than offset” by further market disruption, ensuring no respite for...
Greek Dockworkers Block Ammunition Shipment to Israel in Anti-War Protest
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October 18, 2024
From 
Reuters
 via 
gCaptain

Greek Dockworkers Block Ammunition Shipment to Israel in Anti-War Protest

ATHENS, Oct 18 (Reuters) – Dozens of members of a Greek dockworkers’ union have blocked the loading of a container of ammunition destined for Israel in protest against the Gaza war, coast guard and...
Hapag-Lloyd and Maersk Confident in Gemini’s Ambitious 90% Reliability Target
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October 18, 2024
From 
Mike Schuler
 via 
gCaptain

Hapag-Lloyd and Maersk Confident in Gemini’s Ambitious 90% Reliability Target

The heads of the new Gemini Cooperation—Rolf Habben Jansen, CEO of Hapag-Lloyd, and Kenni Skotte, Vice President and Head of Ocean Network Product at Maersk—took the stage together at the...
U.S. Sanctions Additional Ships and Captains in Iranian Oil Smuggling Network Linked to Houthi Attacks
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October 17, 2024
From 
Mike Schuler
 via 
gCaptain

U.S. Sanctions Additional Ships and Captains in Iranian Oil Smuggling Network Linked to Houthi Attacks

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed additional sanctions on 18 entities, individuals, and vessels linked to the sprawling illicit shipping network funding...
Coast Guard Says ‘Swift Action’ Helped Avert Disaster in Alaska
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October 17, 2024
From 
Mike Schuler
 via 
gCaptain

Coast Guard Says ‘Swift Action’ Helped Avert Disaster in Alaska

The 738-foot cargo vessel Pan Viva safely departed Dutch Harbor, Alaska, on Monday night, bound for Kalama, Washington, after narrowly avoiding a potential disaster due to severe weather in the North Pacific....
Chinese Vessels Without Ice Class Violate Arctic Safety Rules, Struggling Through Ice To Deliver Sanctioned Cargo
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October 17, 2024
From 
Malte Humpert
 via 
gCaptain

Chinese Vessels Without Ice Class Violate Arctic Safety Rules, Struggling Through Ice To Deliver Sanctioned Cargo

By Malte Humpert (gCaptain) – In an attempt to deliver a power plant to a Russian Arctic LNG project before winter two Chinese heavy lift vessels are inching along through...
Global Energy System Faces Urgent Challenges Amid Rising Geopolitical Risks, Says IEA
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October 17, 2024
From 
Mike Schuler
 via 
gCaptain

Global Energy System Faces Urgent Challenges Amid Rising Geopolitical Risks, Says IEA

The International Energy Agency’s (IEA) World Energy Outlook 2024 sheds light on critical vulnerabilities in today’s global energy system, exacerbated by regional conflicts and geopolitical tensions. The IEA argues these pressures underscore...
LNG Tanker Glut is Softening Blow for Consumers Facing High Gas Prices
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October 17, 2024
From 
Bloomberg
 via 
gCaptain

LNG Tanker Glut is Softening Blow for Consumers Facing High Gas Prices

(Bloomberg) — Ships that carry liquefied natural gas are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers...
UK Tightens the Noose on Russia’s Shadow Fleet with Sweeping Sanctions
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October 17, 2024
From 
Mike Schuler
 via 
gCaptain

UK Tightens the Noose on Russia’s Shadow Fleet with Sweeping Sanctions

In a major escalation of its sanctions against Russia’s covert seaborne oil exports, the United Kingdom today announced its most significant package to date targeting Putin’s shadow fleet of oil...
Tragedy on the Hudson: Negligent Captain Pleads Guilty in Fatal Charter Boat Capsizing
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October 16, 2024
From 
Mike Schuler
 via 
gCaptain

Tragedy on the Hudson: Negligent Captain Pleads Guilty in Fatal Charter Boat Capsizing

Richard Cruz, the owner and captain of the ill-fated vessel Stimulus Money, has pleaded guilty to charges of misconduct and neglect resulting in the deaths of two passengers on the Hudson...
Army Commands D.C. Spotlight, But It’s the Navy and Merchant Marine Fighting the Future Fight
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October 16, 2024
From 
John Konrad
 via 
gCaptain

Army Commands D.C. Spotlight, But It’s the Navy and Merchant Marine Fighting the Future Fight

When the U.S. Navy, Coast Guard, and Merchant Marine hold their joint annual Sea Air Space conference, it barely fills a single hotel. In stark contrast, this week’s U.S. Army...