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Shipping’s New Normal: How Red Sea Diversions are Reshaping Global Trade
Shipping
October 10, 2024
From 
Lori Ann LaRocco
 via 
gCaptain

Shipping’s New Normal: How Red Sea Diversions are Reshaping Global Trade

(gCaptain) – The Red Sea diversions over the last year have shown trade is like water—it will always find a way to flow. The old adage “trade at rest is...
Geopolitical Volatility Fuels Surge in Tanker Rates
Shipping
October 9, 2024
From 
Barry Parker
 via 
gCaptain

Geopolitical Volatility Fuels Surge in Tanker Rates

With tensions in the Middle East ratcheting upward again, the tanker market is taking notice. In a weekly market opinion piece titled “Tankers in Turmoil” from New York-based broker Poten...
UK Government Introduces New Employment Rights Bill to Strengthen Seafarer Protections
Shipping
October 9, 2024
From 
Mike Schuler
 via 
gCaptain

UK Government Introduces New Employment Rights Bill to Strengthen Seafarer Protections

The UK government has unveiled a draft Employment Rights Bill aimed at enhancing protections for seafarers, a move welcomed by UK-based maritime union Nautilus International. The bill, set to be...
Singapore Bunker Standards for Methanol, Ammonia Expected by 2025
Shipping
October 9, 2024
From 
Reuters
 via 
gCaptain

Singapore Bunker Standards for Methanol, Ammonia Expected by 2025

SINGAPORE, Oct 9 (Reuters) – New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday. The world’s largest...
Port of Montreal Dockworkers to Refuse Overtime Amid Stalled Labor Negotiations
Shipping
October 9, 2024
From 
Mike Schuler
 via 
gCaptain

Port of Montreal Dockworkers to Refuse Overtime Amid Stalled Labor Negotiations

The Port of Montreal faces potential disruptions as longshore workers prepare to refuse overtime starting Thursday. This labor action, announced by the Canadian Union of Public Employees (CUPE) Local 375,...
Court Blocks Top Africa Port Deal as Maersk Contests Award
Shipping
October 9, 2024
From 
Bloomberg
 via 
gCaptain

Court Blocks Top Africa Port Deal as Maersk Contests Award

(Bloomberg) — A South African court temporarily blocked a deal between the nation’s state-owned logistics firm and a company owned by Filipino billionaire Enrique Razon to expand and run sub-Saharan...
ESL Shipping Orders Four Green Methanol-Fueled Baltic Bulkers
Shipping
October 9, 2024
From 
Mike Schuler
 via 
gCaptain

ESL Shipping Orders Four Green Methanol-Fueled Baltic Bulkers

Helsinki-based ESL Shipping, the Baltic region’s leading dry bulk carrier, has announced a major investment in four new fossil-free handysize vessels to run on green methanol. The €186 million project...
Maersk and Hapag-Lloyd Confirm ‘Cape’ Route for Gemini Cooperation Launch
Shipping
October 9, 2024
From 
Mike Schuler
 via 
gCaptain

Maersk and Hapag-Lloyd Confirm ‘Cape’ Route for Gemini Cooperation Launch

Shipping giants Maersk and Hapag-Lloyd have announced their decision to utilize the Cape of Good Hope network for the launch of their “Gemini Cooperation” on February 1, 2025, underscoring the...
Shipping To Hawaii: Unpacking The Islands Maritime Supply Chain
Shipping
October 8, 2024
From 
GCaptain
 via 
gCaptain

Shipping To Hawaii: Unpacking The Islands Maritime Supply Chain

In the United States, the Jones Act is an explosive topic, drawing fierce debate between supporters in the U.S. Merchant Marine and well-funded lobbyists on one side, libertarian think tanks...
Iran Is Still Shipping Crude Oil From Key Export Terminal
Shipping
October 8, 2024
From 
Mike Schuler
 via 
gCaptain

Iran Is Still Shipping Crude Oil From Key Export Terminal

By Julian Lee (Bloomberg) — Iran is still exporting crude from its main Kharg Island terminal even after a flotilla of tankers fled nearby waters where they’d normally wait their turn to collect...
Hurricane Milton: Maritime Industry and Government Race to Secure Fuel Supplies
Shipping
October 8, 2024
From 
Mike Schuler
 via 
gCaptain

Hurricane Milton: Maritime Industry and Government Race to Secure Fuel Supplies

As Hurricane Milton barrels towards Florida’s west-central coast, the domestic maritime industry and government officials are racing against time to secure fuel supplies and prepare for what could be one...
Philippines, China Trade Blame in Latest South China Sea Spat
Shipping
October 8, 2024
From 
Reuters
 via 
gCaptain

Philippines, China Trade Blame in Latest South China Sea Spat

BEIJING/MANILA, Oct 8 (Reuters) – The Philippines accused China’s coast guard on Tuesday of firing water cannon at government ships taking supplies to fishermen at a disputed shoal in the South China Sea, but Beijing said...