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Wallenius Wilhelmsen Inks $766M Green Transport Agreement with Major Equipment Manufacturer
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Wallenius Wilhelmsen Inks $766M Green Transport Agreement with Major Equipment Manufacturer

Wallenius Wilhelmsen has inked a five-year agreement with a “leading manufacturer” of agriculture, forestry, and roadbuilding equipment. The deal, set to commence on December 1, 2024, is valued at approximately...
Albania Seizes Smuggled Hazardous Waste Containers That Set Off Global Outcry
Shipping
October 28, 2024
From 
Bloomberg
 via 
gCaptain

Albania Seizes Smuggled Hazardous Waste Containers That Set Off Global Outcry

By K. Oanh Ha (Bloomberg) — Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’...
Mexico Rushes Oil Tanker to Cuba as Island’s Energy Crisis Worsens
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Mexico Rushes Oil Tanker to Cuba as Island’s Energy Crisis Worsens

By Marianna Parraga and Adriana Barrera HOUSTON/MEXICO CITY, Oct 28 (Reuters) – A tanker carrying about 400,000 barrels of oil departed from Mexico’s Pajaritos port and was on Monday en route to Cuba, where...
Merchant Vessel Targeted in Multiple Attacks in Bab-el-Mandeb Strait
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Merchant Vessel Targeted in Multiple Attacks in Bab-el-Mandeb Strait

A merchant vessel faced repeated attacks while transiting through the strategic Bab-el-Mandeb Strait on Monday, underscoring the continued maritime security risks in the region. The United Kingdom Maritime Trade Operations...
Mitsubishi’s New Satellite Tech Uses AI to Unmask ‘Dark Ships’ at Sea
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Mitsubishi’s New Satellite Tech Uses AI to Unmask ‘Dark Ships’ at Sea

Mitsubishi Heavy Industries (MHI) Group is set to deploy an innovative satellite system that combines cutting-edge artificial intelligence with space technology to combat the growing threat of “dark ships” on...
60 Minutes’ Dark Fleet Special: How Sanctions-Busting Oil Trade Keeps the Kremlin Afloat
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

60 Minutes’ Dark Fleet Special: How Sanctions-Busting Oil Trade Keeps the Kremlin Afloat

In a twist that has left Western policymakers scratching their heads, Russia’s economy has defied expectations and sanctions alike, growing at a rate that outpaces both the United States and...
Too Many Ships, Too Little Demand: LNG Freight Rates Plunge to Multi-Year Lows
Shipping
October 28, 2024
From 
Reuters
 via 
gCaptain

Too Many Ships, Too Little Demand: LNG Freight Rates Plunge to Multi-Year Lows

SINGAPORE, Oct 28 (Reuters) – Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at...
Longer Voyages, Happier Crews? The Unexpected Benefit of Red Sea Diversions
Shipping
October 28, 2024
From 
Mike Schuler
 via 
gCaptain

Longer Voyages, Happier Crews? The Unexpected Benefit of Red Sea Diversions

Longer voyages around the Cape of Good Hope have provided unexpected benefits to seafarers on the front lines of global trade. The Mission to Seafarers’ latest Seafarer Happiness Index report...
Damaged MV Ruby to Dock at Great Yarmouth Amid Concerns Over Explosive Cargo
Shipping
October 27, 2024
From 
Mike Schuler
 via 
gCaptain

Damaged MV Ruby to Dock at Great Yarmouth Amid Concerns Over Explosive Cargo

The MV Ruby, a cargo ship carrying a significant amount of potentially explosive fertilizer, is set to dock at the Port of Great Yarmouth on Monday, October 28, Peel Ports...
Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships
Shipping
October 25, 2024
From 
Reuters
 via 
gCaptain

Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships

By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe...
Judge Approves Shipping Companies’ $102M Settlement Over Baltimore Bridge Disaster
Shipping
October 25, 2024
From 
Reuters
 via 
gCaptain

Judge Approves Shipping Companies’ $102M Settlement Over Baltimore Bridge Disaster

WASHINGTON, Oct 25 (Reuters) – A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in...
Putin to Examine Black Sea Shipping Proposals From Turkey’s Erdogan
Shipping
October 25, 2024
From 
Reuters
 via 
gCaptain

Putin to Examine Black Sea Shipping Proposals From Turkey’s Erdogan

MOSCOW, Oct 25 (Reuters) – Russian President Vladimir Putin said his Turkish counterpart, Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents....