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Global Energy System Faces Urgent Challenges Amid Rising Geopolitical Risks, Says IEA
Shipping
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
Shipping
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...
Garamendi Charts Bold Course for American Maritime Renaissance
Shipping
October 16, 2024
From 
Mike Schuler
 via 
gCaptain

Garamendi Charts Bold Course for American Maritime Renaissance

Representative John Garamendi (D-CA-08), the leading Democrat on the House Armed Services Subcommittee on Readiness, recently joined Secretary of the Navy Carlos Del Toro at the San Francisco Fleet Week...
Russia’s LNG Shadow Fleet Stalls, Leaving 1 Million Cubic Meters of Gas Undelivered
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October 16, 2024
From 
Malte Humpert
 via 
gCaptain

Russia’s LNG Shadow Fleet Stalls, Leaving 1 Million Cubic Meters of Gas Undelivered

As Russia’s attempt to establish an LNG shadow fleet enters its third month, undelivered cargos continue to stack up aboard LNG carriers and floating storage units.  Some vessels, including Asya...
Red Sea Shipping Crisis: Oil Flows Through Bab el-Mandeb Plummets By Over Half in 2024
Shipping
October 15, 2024
From 
Mike Schuler
 via 
gCaptain

Red Sea Shipping Crisis: Oil Flows Through Bab el-Mandeb Plummets By Over Half in 2024

The flow of crude oil and oil products through the strategic Bab el-Mandeb Strait has plummeted by over 50% in the first eight months of 2024, according to the U.S....
Trump Defends Costly Tariffs on Foreign Goods
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October 15, 2024
From 
Bloomberg
 via 
gCaptain

Trump Defends Costly Tariffs on Foreign Goods

By John Micklethwait and Nancy Cook (Bloomberg) — Former US President Donald Trump said his policies would inspire growth despite adding to the debt as he sought to assuage business leaders...
Cargo Ship ‘Pan Viva’ Weighs Anchor After Weathering Fierce Alaskan Storm
Shipping
October 15, 2024
From 
Mike Schuler
 via 
gCaptain

Cargo Ship ‘Pan Viva’ Weighs Anchor After Weathering Fierce Alaskan Storm

The cargo ship Pan Viva has successfully weathered a severe storm off the Alaskan coast and resumed its voyage, averting a potential environmental disaster and alleviating concerns of a possible grounding off...
China’s Car and Ship Exports Hit Record Despite Slowing Trade
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October 15, 2024
From 
Bloomberg
 via 
gCaptain

China’s Car and Ship Exports Hit Record Despite Slowing Trade

(Bloomberg) — China’s exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fueling global trade tensions....
End of an Era: Historic SS United States Transferred to New Owners
Shipping
October 15, 2024
From 
Mike Schuler
 via 
gCaptain

End of an Era: Historic SS United States Transferred to New Owners

The iconic SS United States is set to embark on its final journey – not across the Atlantic, but towards a new life as the world’s largest artificial reef. On...