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Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures
Shipping
November 22, 2024
From 
Reuters
 via 
gCaptain

Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures

Several ships in Singapore and Rotterdam reported operational problems in recent months after using marine fuel blended with cashew nutshell liquid biofuel, fuel testing agency CTI-Maritec said in an advisory on Thursday.
FAK Fantasy: Carriers Struggle to Keep Rates Afloat
Shipping
November 22, 2024
From 
The Loadstar
 via 
gCaptain

FAK Fantasy: Carriers Struggle to Keep Rates Afloat

Container spot rates were largely unchanged for a third consecutive week, as it became evident that a 15 November rate hike on Asia-Europe trades had failed to have anything more than a marginal impact on pricing.
Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders
Shipping
November 21, 2024
From 
Reuters
 via 
gCaptain

Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.
Australia Bans Dutch Cargo Ship for 180 Days Over Repeated Safety Violations
Shipping
November 21, 2024
From 
Mike Schuler
 via 
gCaptain

Australia Bans Dutch Cargo Ship for 180 Days Over Repeated Safety Violations

The Australian Maritime Safety Authority (AMSA) has issued a 180-day ban on the Netherlands-flagged general cargo ship Marsgracht, prohibiting its entry into Australian ports. The action comes in response to recurring...
UK Cracks Down on Russian Oil Sanctions Evasion: New Advisory Targets Falsified Origin Certificates
Shipping
November 21, 2024
From 
Mike Schuler
 via 
gCaptain

UK Cracks Down on Russian Oil Sanctions Evasion: New Advisory Targets Falsified Origin Certificates

The UK’s sanctions enforcement agency said it has identified cases where falsified documents are being used to evade a Group of Seven price cap on Russian oil exports.
Container Shipping Industry Sees Exponential Profit Surge Driven by Red Sea Situation
Shipping
November 20, 2024
From 
Mike Schuler
 via 
gCaptain

Container Shipping Industry Sees Exponential Profit Surge Driven by Red Sea Situation

The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a staggering 164% increase from the...
Seaspan Energy Secures First LNG Bunkering Accreditation at Port of Vancouver
Shipping
November 20, 2024
From 
Mike Schuler
 via 
gCaptain

Seaspan Energy Secures First LNG Bunkering Accreditation at Port of Vancouver

Seaspan Energy has received the first-ever liquefied natural gas (LNG) bunkering accreditation from the Vancouver Fraser Port Authority (VFPA). This landmark authorization enables Seaspan to conduct ship-to-ship LNG bunkering for...
ZIM Rewards Investors with Massive Dividend Payout
Shipping
November 20, 2024
From 
Mike Schuler
 via 
gCaptain

ZIM Rewards Investors with Massive Dividend Payout

Israeli shipping line ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has reported stellar third-quarter results for 2024 amid record volumes and higher container freight rates. The company’s performance not only...
MV Glen Sannox: A Long-Awaited Ferry Finally Approved for Passenger Service
Shipping
November 19, 2024
From 
Mike Schuler
 via 
gCaptain

MV Glen Sannox: A Long-Awaited Ferry Finally Approved for Passenger Service

The long-awaited MV Glen Sannox, under construction at Scotland’s Ferguson Marine shipyard, has officially received regulatory approval to carry passengers. The Maritime and Coastguard Agency (MCA) and Lloyd’s Register have issued...
Iran Rejects European and British Sanctions on Its Shipping Lines as ‘Unjustified’
Shipping
November 19, 2024
From 
Reuters
 via 
gCaptain

Iran Rejects European and British Sanctions on Its Shipping Lines as ‘Unjustified’

New EU and British sanctions are based on false claims of missile transfers to Russia and are "unjustified," Iran Foreign Ministry spokesperson Esmaeil Baghaei said on Tuesday.
UK Tightens Grip on Iran with New Sanctions Targeting Shipping and Aviation Sectors
Shipping
November 19, 2024
From 
Mike Schuler
 via 
gCaptain

UK Tightens Grip on Iran with New Sanctions Targeting Shipping and Aviation Sectors

The UK government on Monday announced a new round of sanctions targeting key Iranian entities in the shipping and aviation sectors, part of a broader international effort to disrupt the...
Trump Taps Fox Host and Former Congressman Sean Duffy for Transportation Secretary
Shipping
November 18, 2024
From 
Mike Schuler
 via 
gCaptain

Trump Taps Fox Host and Former Congressman Sean Duffy for Transportation Secretary

President-Elect Donald Trump has nominated former Congressman Sean Duffy as the next Secretary of Transportation, a move likely to spark discussion within the transportation and maritime industries. The unexpected choice...