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Blanked Sailings Buoy Spot Rates Amid Broad Market Slide
Shipping
May 2, 2025
From 
The Loadstar
 via 
gCaptain

Blanked Sailings Buoy Spot Rates Amid Broad Market Slide

Spot rates across all the major east-west deepsea trades continued their downward descent this week, although it has become increasingly clear that widespread blanked sailings on the transpacific trade managed to stave off a complete crash.
Mediterranean Sea Becomes World’s Fifth Sulphur Emission Control Area
Shipping
May 2, 2025
From 
Mike Schuler
 via 
gCaptain

Mediterranean Sea Becomes World’s Fifth Sulphur Emission Control Area

The Mediterranean Sea has become the world’s fifth Emission Control Area (ECA) for sulphur oxides starting May 1, 2025. This landmark regulation, adopted by the International Maritime Organization (IMO), will...
China Shipping Loophole Closed by Trump, Raising Prices for US Consumers
Shipping
May 2, 2025
From 
Bloomberg
 via 
gCaptain

China Shipping Loophole Closed by Trump, Raising Prices for US Consumers

Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.
West Coast Senators, Port Leaders Sound Alarm on Trump Tariff Hit to the Economy
Shipping
May 1, 2025
From 
Mike Schuler
 via 
gCaptain

West Coast Senators, Port Leaders Sound Alarm on Trump Tariff Hit to the Economy

U.S. Senators from California, Washington, and Oregon joined West Coast port leaders today in an urgent warning about severe economic consequences stemming from recently imposed tariffs that threaten to dramatically reduce containership traffic at major U.S. ports.
UKMTO Warns of Commercial Vessels Being Detained at Houthi-Controlled Ras Isa Port
Shipping
May 1, 2025
From 
Mike Schuler
 via 
gCaptain

UKMTO Warns of Commercial Vessels Being Detained at Houthi-Controlled Ras Isa Port

Multiple commercial vessels anchored at Yemen’s Ras Isa port are being forcibly detained by Houthi forces despite having proper UN clearance, according to a UKMTO warning issued May 1, 2025....
COSCO’s Profits Surge Ahead of U.S. Tariff Storm
Shipping
May 1, 2025
From 
Bloomberg
 via 
gCaptain

COSCO’s Profits Surge Ahead of U.S. Tariff Storm

Cosco Shipping Holdings Co.’s profit jumped, along with improved revenue from its transpacific routes, as customers front-loaded shipments ahead of new fees from the US Trade Representative set to target Chinese shippers.
Hapag-Lloyd and ONE Post Gains, But Caution Clouds 2025 Outlook
Shipping
April 30, 2025
From 
Mike Schuler
 via 
gCaptain

Hapag-Lloyd and ONE Post Gains, But Caution Clouds 2025 Outlook

Hapag-Lloyd has reported strong first-quarter results for 2025, with Group EBITDA increasing by 17% to US $1.1 billion compared to the same period last year. The German container shipping giant...
China Is Days Late in Releasing Trade Data as US Shipping Slumps
Shipping
April 30, 2025
From 
Bloomberg
 via 
gCaptain

China Is Days Late in Releasing Trade Data as US Shipping Slumps

China is yet to announce regular statistics on trade flows for last week, delaying a closely watched data set as firms cut back on exports to the US.
Woodside Approves $17.5 Billion Louisiana LNG Export Project
Shipping
April 29, 2025
From 
Mike Schuler
 via 
gCaptain

Woodside Approves $17.5 Billion Louisiana LNG Export Project

Woodside Energy Group has announced a final investment decision (FID) for its massive $17.5 billion Louisiana LNG production and export facility in Calcasieu Parish. The project, which represents the largest...
Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP
Shipping
April 29, 2025
From 
Bloomberg
 via 
gCaptain

Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP

By Mark Niquette (Bloomberg) — The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to...
Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty
Shipping
April 29, 2025
From 
Reuters
 via 
gCaptain

Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty

Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsizing some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
Shipping
April 29, 2025
From 
Malte Humpert
 via 
gCaptain

Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.