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US Treasury Sanctions Syrian Shipping Magnate Involved in Iranian Oil Smuggling
Shipping
September 26, 2024
From 
Mike Schuler
 via 
gCaptain

US Treasury Sanctions Syrian Shipping Magnate Involved in Iranian Oil Smuggling

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on over a dozen entities and vessels involved in the illicit shipment of Iranian oil...
Hurricane Helene: NOAA Warns of Catastrophic Flooding as Category 4 Storm Approaches Florida
Shipping
September 25, 2024
From 
Mike Schuler
 via 
gCaptain

Hurricane Helene: NOAA Warns of Catastrophic Flooding as Category 4 Storm Approaches Florida

As Hurricane Helene barrels towards Florida’s northwest coast, the National Oceanic and Atmospheric Administration (NOAA) is sounding the alarm on the potential for catastrophic inland flooding that could continue long...
First Panamax Containership Sprints Across Arctic Reaching China In Just Three Weeks
Shipping
September 25, 2024
From 
Malte Humpert
 via 
gCaptain

First Panamax Containership Sprints Across Arctic Reaching China In Just Three Weeks

(gCaptain) – The first Arctic transit of a large container ship has gone off without a hitch. The 294 meter-long Panamax vessel Flying Fish 1, traveled from St. Petersburg in...
Iran Brokering Russia-Houthi Talks on Anti-Ship Missiles, Sources Say
Shipping
September 24, 2024
From 
Reuters
 via 
gCaptain

Iran Brokering Russia-Houthi Talks on Anti-Ship Missiles, Sources Say

By John Irish, Parisa Hafezi and Jonathan Landay UNITED NATIONS, Sept 24 (Reuters) – Iran has brokered ongoing secret talks between Russia and Yemen’s Houthi rebels to transfer anti-ship missiles to the...
Maersk Shares Jump Ahead of Potential U.S. Port Strike
Shipping
September 24, 2024
From 
Bloomberg
 via 
gCaptain

Maersk Shares Jump Ahead of Potential U.S. Port Strike

(Bloomberg) — AP Moller-Maersk A/S shares jumped as much as 4.9%, extending recent gains on expectations that labor talks with US port workers will fail and spark a new round...
Pangaea Logistics Expands Handy-Size Bulker Fleet for $295 Million
Shipping
September 23, 2024
From 
Mike Schuler
 via 
gCaptain

Pangaea Logistics Expands Handy-Size Bulker Fleet for $295 Million

Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) has announced a definitive agreement to merge fifteen handy-size dry bulk vessels from Strategic Shipping Inc. (SSI) into its existing fleet. The deal, valued...
Dutch See Rise in Russian LNG Imports, Urge Further Sanctions
Shipping
September 23, 2024
From 
Reuters
 via 
gCaptain

Dutch See Rise in Russian LNG Imports, Urge Further Sanctions

AMSTERDAM, Sept 23 (Reuters) – Imports of liquefied natural gas (LNG) from Russia at the Netherlands’ main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government...
Russia’s ‘Shadow Fleet’ Offloads Sanctioned LNG at Asian Storage Barge For First Time
Shipping
September 23, 2024
From 
Malte Humpert
 via 
gCaptain

Russia’s ‘Shadow Fleet’ Offloads Sanctioned LNG at Asian Storage Barge For First Time

By Malte Humpert (gCaptain) – The next element of Russia’s emerging LNG shadow fleet has materialized over the weekend. LNG carrier Everest Energy traveled to the Koryak FSU near the...
Russia’s Sovcomflot Says G7 Sanctions Make Oil Trade Less Safe
Shipping
September 20, 2024
From 
Bloomberg
 via 
gCaptain

Russia’s Sovcomflot Says G7 Sanctions Make Oil Trade Less Safe

By Bloomberg News (Bloomberg) — Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by...
Disruption Drives Shipping: How Geopolitical Tensions and Market Volatility Are Reshaping Global Maritime Trade
Shipping
September 20, 2024
From 
Barry Parker
 via 
gCaptain

Disruption Drives Shipping: How Geopolitical Tensions and Market Volatility Are Reshaping Global Maritime Trade

(gCaptain) – One presenter at a recent seminar, produced jointly by law firm Reed Smith and class society DNV, Jakub Walenkiewicz, the Principal Market Analyst at DNV, posited that recent...
Ships Still Switch Russian Oil Off Greece Despite Navy Drills
Shipping
September 20, 2024
From 
Bloomberg
 via 
gCaptain

Ships Still Switch Russian Oil Off Greece Despite Navy Drills

(Bloomberg) — Tankers carrying Russian oil are still conducting cargo switches with other vessels off Greece’s south coast, despite Greek military drills aimed at deterring such activities. The supertanker Alma...
Report Reveals Digital Transformation Progress in Container Shipping Industry
Shipping
September 20, 2024
From 
Mike Schuler
 via 
gCaptain

Report Reveals Digital Transformation Progress in Container Shipping Industry

The Digital Container Shipping Association (DCSA) has released its “State of the Industry Report 2024,” highlighting significant advancements in digitalization within the container shipping sector. Drawing on insights from 400 cargo...