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Shipping
Articles
From
Mike Schuler
via
gCaptain
Viral Video of OOCL Containership’s Wild Ride Resurfaces, Highlighting the Dangers of Parametric Rolling
An intense clip of an OOCL containership battling rough seas has resurfaced on social media, captivating viewers—and for good reason. This dramatic footage, filmed from a nearby vessel, captures the...
From
Bloomberg
via
gCaptain
Shanghai Port Steps Up with a Green Plan to Rival Singapore’s Bunkering Empire
(Bloomberg) — The government in Shanghai wants to convert the world’s busiest port into a center for greener shipping. China’s biggest city aims to build its capacity to supply cleaner...
From
Mike Schuler
via
gCaptain
Shell Game on the High Seas: U.S. Busts Turkish National in Venezuela Oil Smuggling Ring
A 37-year-old Turkish national has been apprehended in Miami on charges of conspiring to violate U.S. sanctions on Venezuela and the Maduro regime. The arrest sheds light on an intricate...
From
Bloomberg
via
gCaptain
Russia’s Oil Fleet and the Floating Armories That Help Keep Profits Flowing
By Alberto Nardelli, Aine Quinn, Ben Bartenstein and Jonathan Browning (Bloomberg) Somewhere off the coast of Eritrea on July 20th last year, the Vernadsky Prospect — stocked with 730,000 barrels...
From
Malte Humpert
via
gCaptain
U.S. Sanctions Fail to Stop Chinese Power Plant, Delivery Salvages Next Stage of Russian Arctic LNG Plant
By Malte Humpert (gCaptain) – Russia has taken a major step towards commissioning the second production line of the country’s flagship liquefied natural gas project, Arctic LNG 2. Despite ongoing...
From
Reuters
via
gCaptain
Pipeline Pressure: Texas Shale Surge Pushes Gulf Coast Crude Prices Higher
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to...
From
Mike Schuler
via
gCaptain
Red Sea Crisis: IMO Chief Calls for Urgent Action as Houthi Attacks Threaten Global Shipping
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has completed a diplomatic tour of Red Sea countries, addressing the escalating crisis that threatens global trade and seafarer safety. The crisis began...
From
Reuters
via
gCaptain
Port Strike 2.0: Major Shippers Pivot to West Coast Over Contract Uncertainty
Oct 30 (Reuters) – U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land...
From
Mike Schuler
via
gCaptain
GRI Gamble: Carriers Play Hardball with Asia-Europe Spot Rate Hikes
By Gavin van Marle (The Loadstar) – Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing...
From
Mike Schuler
via
gCaptain
Drewry Analyzes How the U.S. Election Could Reshape Container Shipping
As the U.S. presidential election nears, Simon Heaney, Senior Manager of Container Shipping at Drewry, has provided insight into how each candidate’s approach to trade and economic policies could influence...
From
Mike Schuler
via
gCaptain
ONE Reports Staggering 1000% Profit Surge Amid Global Shipping Challenges
Ocean Network Express (ONE), the world’s sixth-largest ocean carrier by capacity, reported robust financial results for its second quarter of FY2024 (July to September). The company’s revenue soared to $5.9...
From
Mike Schuler
via
gCaptain
U.S. Fines Mexican Shipping Company $1.75 Million for Pollution Cover-Up
In the latest case in the United States’ ongoing crack down against marine pollution, Mexico-based shipmanager Gremex Shipping S.A. has been sentenced for deliberately concealing illegal discharges of oily bilge...