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Refueling Florida: Tankers Descend on Port Tampa Bay After Reopening
Shipping
October 12, 2024
From 
Mike Schuler
 via 
gCaptain

Refueling Florida: Tankers Descend on Port Tampa Bay After Reopening

Port Tampa Bay, a critical energy gateway supplying nearly half of Florida’s fuel, has resumed vessel operations following the impact of Hurricane Milton. The port’s shipping channels officially reopened on...
German Oil Tanker Ablaze in Baltic Sea
Shipping
October 11, 2024
From 
Mike Schuler
 via 
gCaptain

German Oil Tanker Ablaze in Baltic Sea

A fire broke out on the German-flagged oil and chemical tanker Annika in the Baltic Sea on Friday. The 73-meter-long vessel, carrying approximately 640 tons of oil, caught fire northeast...
U.S Tightens Noose on Iran’s ‘Ghost Fleet’ After Israel Attack
Shipping
October 11, 2024
From 
Mike Schuler
 via 
gCaptain

U.S Tightens Noose on Iran’s ‘Ghost Fleet’ After Israel Attack

In response to Iran’s October 1 attack on Israel, the United States has intensified its sanctions on Iran’s petroleum and petrochemical sectors, targeting a network of illicit shipping facilitators and...
WTO Sees Modest Global Trade Growth Amid Geopolitical Uncertainties
Shipping
October 11, 2024
From 
Mike Schuler
 via 
gCaptain

WTO Sees Modest Global Trade Growth Amid Geopolitical Uncertainties

The World Trade Organization (WTO) has released updated projections for global trade growth, painting a picture of cautious optimism tempered by ongoing geopolitical concerns. In their latest forecast, WTO economists...
China Seeks Carbon Data From Ships as Trading Scheme Grows
Shipping
October 11, 2024
From 
Bloomberg
 via 
gCaptain

China Seeks Carbon Data From Ships as Trading Scheme Grows

(Bloomberg) — Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts. The...
Florida’s Petroleum Supply Chain Recovering from Milton
Shipping
October 11, 2024
From 
Mike Schuler
 via 
gCaptain

Florida’s Petroleum Supply Chain Recovering from Milton

As Hurricane Milton struck Florida’s Gulf Coast, the state’s petroleum supply chain faced significant challenges. The Category 3 hurricane prompted the closure of several key ports, disrupting the flow of...
German Oil Tanker Ablaze in Baltic Sea
Shipping
October 11, 2024
From 
Mike Schuler
 via 
gCaptain

German Oil Tanker Ablaze in Baltic Sea

A fire broke out on the German-flagged oil and chemical tanker Annika in the Baltic Sea on Friday. The 73-meter-long vessel, carrying approximately 640 tons of oil, caught fire northeast...
Arctic Shipping Boom Continues as China and Russia Push Cargo Volume To New Heights
Shipping
October 11, 2024
From 
Malte Humpert
 via 
gCaptain

Arctic Shipping Boom Continues as China and Russia Push Cargo Volume To New Heights

By Malte Humpert (gCaptain) – Arctic shipping continues to have a breakout year setting new records for transit traffic and container ship voyages. As of September 30, total transit cargo...
Russian Attacks Spark Surge in War Insurance for Ukraine Grain Ships
Shipping
October 10, 2024
From 
Bloomberg
 via 
gCaptain

Russian Attacks Spark Surge in War Insurance for Ukraine Grain Ships

By Áine Quinn and Alex Longley (Bloomberg) — The cost of insuring vessels that transit Ukraine’s shipping corridor in the Black Sea jumped this week after Russia ramped up attacks on...
Houthis Strike Tanker ‘Olympic Spirit’ in Red Sea
Shipping
October 10, 2024
From 
Mike Schuler
 via 
gCaptain

Houthis Strike Tanker ‘Olympic Spirit’ in Red Sea

CAIRO, Oct 10 (Reuters) – A Liberia-flagged tanker was struck twice with missiles and drones in the Red Sea on Thursday morning, in an attack claimed by Iran-aligned Houthi militants.  The Olympic Spirit...
Hyundai Heavy Industries Claims Zero-Carbon Ammonia Dual-Fuel Engine Breakthrough
Shipping
October 10, 2024
From 
Mike Schuler
 via 
gCaptain

Hyundai Heavy Industries Claims Zero-Carbon Ammonia Dual-Fuel Engine Breakthrough

South Korean shipbuilder HD Hyundai Heavy Industries has achieved a significant milestone in eco-friendly shipbuilding with the development of the world’s first zero-carbon ammonia dual-fuel (DF) engine. The groundbreaking engine...
Russian Strikes on Ukraine’s Ports and Ships Push Insurance Rates Up
Shipping
October 10, 2024
From 
Reuters
 via 
gCaptain

Russian Strikes on Ukraine’s Ports and Ships Push Insurance Rates Up

KYIV/LONDON, Oct 10 (Reuters) – A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel...