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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
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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
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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
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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...
Maersk: Global Shipping Market Poised for Balance Despite Challenges
Shipping
September 18, 2024
From 
Mike Schuler
 via 
gCaptain

Maersk: Global Shipping Market Poised for Balance Despite Challenges

The global shipping industry is expected to achieve a more balanced supply and demand environment as it enters the fourth quarter of 2024, according to Maersk’s Asia Pacific Market Update...