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REGENT Unveils World’s First Full-Scale Electric Seaglider, Begins Historic Sea Trials
Shipping
March 12, 2025
From 
Mike Schuler
 via 
gCaptain

REGENT Unveils World’s First Full-Scale Electric Seaglider, Begins Historic Sea Trials

REGENT Craft has achieved a significant milestone in maritime transportation with the unveiling of its first full-scale seaglider prototype, marking a pivotal moment in the evolution of coastal transportation. The...
ZIM Reports Strong 2024 Turnaround, Sets Conservative 2025 Outlook Amid Red Sea Crisis
Shipping
March 12, 2025
From 
Mike Schuler
 via 
gCaptain

ZIM Reports Strong 2024 Turnaround, Sets Conservative 2025 Outlook Amid Red Sea Crisis

International container shipping company ZIM (NYSE: ZIM) has reported a remarkable recovery in 2024, posting a net income of $2.15 billion, marking a significant turnaround from the $2.69 billion loss...
Canada Strikes Back in Trade War With Tariffs on US Steel, Aluminum
Shipping
March 12, 2025
From 
Bloomberg
 via 
gCaptain

Canada Strikes Back in Trade War With Tariffs on US Steel, Aluminum

Canada announced new 25% tariffs on about C$30 billion ($20.8 billion) of US-made products, including steel and aluminum, after the Trump administration went ahead with global levies on imports of those two materials.
Ukraine Bets on US LNG as Gas Import Needs Rise
Shipping
March 12, 2025
From 
Reuters
 via 
gCaptain

Ukraine Bets on US LNG as Gas Import Needs Rise

Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of Russian attacks on its infrastructure.
Houthis Issue New Maritime Threat as Gaza Aid Deadline Passes
Shipping
March 11, 2025
From 
Mike Schuler
 via 
gCaptain

Houthis Issue New Maritime Threat as Gaza Aid Deadline Passes

Yemen’s Houthi forces have declared an immediate ban on Israeli ships in the Red Sea, Arabian Sea, Bab al-Mandab Strait, and Gulf of Aden, threatening to attack any vessels that...
Container Leasing Giant Triton Acquires GCI in Major Consolidation Move
Shipping
March 11, 2025
From 
Mike Schuler
 via 
gCaptain

Container Leasing Giant Triton Acquires GCI in Major Consolidation Move

Triton International Limited, the world’s largest lessor of intermodal freight containers, announced yesterday an agreement to acquire Global Container International LLC (GCI), marking a significant consolidation in the maritime container...
Russian Oil Flows Surge in Sign US Sanctions Starting to Crumble
Shipping
March 11, 2025
From 
Bloomberg
 via 
gCaptain

Russian Oil Flows Surge in Sign US Sanctions Starting to Crumble

US sanctions on Russia’s oil tanker fleet are showing signs of faltering, after a clutch of blacklisted vessels loaded cargoes for the first time in more than a year to drive up the country’s crude shipments.
Trump Unleashes Sweeping Tariffs on Metal Imports
Shipping
March 11, 2025
From 
Reuters
 via 
gCaptain

Trump Unleashes Sweeping Tariffs on Metal Imports

U.S. President Donald Trump's bulked-up tariffs on steel and aluminum due to launch within hours will hit nearly $150 billion worth of derivative products made from the metals for the first time, ranging from nuts and bolts to bulldozer blades and threatening cost increases for industry and consumers alike.
U.S. Ag Exports Caught in the Crossfire as China Retaliates on Tariffs
Shipping
March 11, 2025
From 
The Loadstar
 via 
gCaptain

U.S. Ag Exports Caught in the Crossfire as China Retaliates on Tariffs

Chinese retaliation to US tariffs will hit the “low-margin” agricultural sector the hardest, and White House officials haven’t grasped the full impact, say experts.
Russia’s Newest Arctic Oil Tanker Passes Through Suez Canal As US Mulls Easing of Sanctions
Shipping
March 11, 2025
From 
Malte Humpert
 via 
gCaptain

Russia’s Newest Arctic Oil Tanker Passes Through Suez Canal As US Mulls Easing of Sanctions

Russia’s first home-built Arc6 ice-class oil tanker continues its voyage from the Zvezda shipyard in the Far East to its service area in the Arctic. After a month at sea the 69,000 dwt Valentin Pikul passed through the Suez Canal on Monday, now displaying Murmansk above the Arctic Circle as its destination.
Update: Tanker Collision Off UK Coast Sparks Fire, Oil Spill Concerns; One Missing
Shipping
March 10, 2025
From 
Mike Schuler
 via 
gCaptain

Update: Tanker Collision Off UK Coast Sparks Fire, Oil Spill Concerns; One Missing

The US-flagged Stena Immaculate, carrying 220,000 barrels of Jet-A1 fuel, had at least one of its cargo tanks ruptured after it was struck by a containership off the UK coast...
Photos: MT Sounion Transits Suez Canal Six Months After Houthi Attack
Shipping
March 10, 2025
From 
Mike Schuler
 via 
gCaptain

Photos: MT Sounion Transits Suez Canal Six Months After Houthi Attack

The Greek-registered MT Sounion oil tanker has successfully completed its transit through Egypt’s Suez Canal following a complex salvage operation in the Red Sea, where it was attacked by Houthi...