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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...
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...