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Houthi Attacks Resume in Red Sea After 18-Day Lull
Shipping
September 20, 2024
From 
Mike Schuler
 via 
gCaptain

Houthi Attacks Resume in Red Sea After 18-Day Lull

The United Kingdom Maritime Trade Operations (UKMTO) reported a suspicious approach by an unmanned surface drone on a merchant vessel near Yemen’s coast on Friday, marking the end of an...
A Look Behind Russian Efforts to Skirt US Energy Sanctions
Shipping
September 19, 2024
From 
Bloomberg
 via 
gCaptain

A Look Behind Russian Efforts to Skirt US Energy Sanctions

(Bloomberg) — The crayon marks on the wall of the sparsely furnished apartment hint at it being a conventional family home. But the single sofa, pink plastic chair and child’s...
U.S. Coast Guard Releases Titan Submersible Discovery Footage
Shipping
September 19, 2024
From 
Mike Schuler
 via 
gCaptain

U.S. Coast Guard Releases Titan Submersible Discovery Footage

The U.S. Coast Guard has released crucial remotely operated vehicle (ROV) footage of the Titan submersible wreckage, which provided the conclusive evidence of the vessel’s catastrophic implosion during a commercial...
Senator Mark Kelly Pushes for Strengthening US Maritime Capacity in Senate Hearing
Shipping
September 19, 2024
From 
Mike Schuler
 via 
gCaptain

Senator Mark Kelly Pushes for Strengthening US Maritime Capacity in Senate Hearing

During a recent Senate Armed Services Committee hearing, Arizona Senator Mark Kelly, a Navy combat veteran and the only U.S. Merchant Marine Academy graduate in Congress, emphasized the critical need...
HIF Global Partners with MOL for e-Fuels Expansion
Shipping
September 19, 2024
From 
Mike Schuler
 via 
gCaptain

HIF Global Partners with MOL for e-Fuels Expansion

HIF Global, the world’s leading e-Fuels company, has announced a significant investment from Mitsui O.S.K. Lines (MOL) to finance the expansion of HIF Global’s e-Fuels projects in the USA, Australia,...
The Rising Costs of Insuring Ships in the Red Sea
Shipping
September 19, 2024
From 
Reuters
 via 
gCaptain

The Rising Costs of Insuring Ships in the Red Sea

LONDON, Sept 19 (Reuters) – The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack...
Wärtsilä and Chevron Partner to Reduce Methane Slip in LNG Carriers
Shipping
September 19, 2024
From 
Mike Schuler
 via 
gCaptain

Wärtsilä and Chevron Partner to Reduce Methane Slip in LNG Carriers

Finnish technology group Wärtsilä has joined forces with Chevron Shipping Company to convert engines on six of Chevron Transport Corporation’s LNG Carriers. The initiative aims to significantly reduce greenhouse gas...
Ukraine War: US Warns Allies of Russia’s Sabotage Threats Against Global Shipping
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September 19, 2024
From 
Bloomberg
 via 
gCaptain

Ukraine War: US Warns Allies of Russia’s Sabotage Threats Against Global Shipping

By Alberto Nardelli, Jenny Leonard and Natalia Drozdiak (Bloomberg) — The US has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according...
Second ‘Shadow Fleet’ LNG Carrier Navigates Arctic’s Harsh Ice Conditions
Shipping
September 19, 2024
From 
Malte Humpert
 via 
gCaptain

Second ‘Shadow Fleet’ LNG Carrier Navigates Arctic’s Harsh Ice Conditions

By Malte Humpert (gCaptain) – Undeterred by tough sea ice conditions in the East Siberian and Chukchi Sea, Russia has dispatched a conventional LNG carrier across the Arctic. Asya Energy...
California Maritime Safety Bill Awaits Governor’s Signature
Shipping
September 18, 2024
From 
Mike Schuler
 via 
gCaptain

California Maritime Safety Bill Awaits Governor’s Signature

California’s maritime industry is calling on Governor Gavin Newsom to sign Assembly Bill 1122 into law, citing crucial safety and operational benefits for the state’s ports and mariners. The bill,...
Russian Oil Earnings Slide as Waning Prices Counter Higher Flows
Shipping
September 18, 2024
From 
Josh Guerrlich
 via 
gCaptain

Russian Oil Earnings Slide as Waning Prices Counter Higher Flows

(Bloomberg) — A further slump in weekly average oil prices more than offset a small increase in flows from Russian ports, intensifying pressure on Moscow as it grapples with a weakening global market....
Dry Bulk Ship Recycling Hits 16-Year Low
Shipping
September 18, 2024
From 
Mike Schuler
 via 
gCaptain

Dry Bulk Ship Recycling Hits 16-Year Low

Dry bulk ship recycling has plummeted to its second-lowest level in 16 years, with only 45 ships recycled so far in 2024, according to BIMCO, the world’s largest trade association...