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Chinese Firms Turn to Indian Exporters to Help Fill US Orders
Shipping
April 28, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Firms Turn to Indian Exporters to Help Fill US Orders

Some China-based firms hit hard by US tariffs are reaching out to Indian exporters to fill orders on their behalf and help them retain their American customers as they navigate a trade war causing seismic shocks in global commerce.
China Claims Sovereignty Over Disputed Reef In South China Sea
Shipping
April 27, 2025
From 
Bloomberg
 via 
gCaptain

China Claims Sovereignty Over Disputed Reef In South China Sea

By Amber Tong Apr 27, 2025 (Bloomberg) –China has claimed sovereignty over an uninhabited reef in the South China Sea, according to state media, setting the stage for an escalation of...
CMA CGM To Acquire Turkish Borusan’s Logistics Subsidiary In $440 Mln Deal
Shipping
April 27, 2025
From 
Reuters
 via 
gCaptain

CMA CGM To Acquire Turkish Borusan’s Logistics Subsidiary In $440 Mln Deal

April 27 (Reuters) – French shipping giant CMA CGM’s subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan’s BRYAT.IS logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to...
Trump Says US Ships Need Free Travel Through Panama, Suez Canals
Shipping
April 26, 2025
From 
Bloomberg
 via 
gCaptain

Trump Says US Ships Need Free Travel Through Panama, Suez Canals

By María Paula Mijares Torres Apr 26, 2025 (Bloomberg) –President Donald Trump called for “free of charge” passage of American ships through the Panama and Suez canals, renewing his focus of...
Ukraine Says It Detained Grain Ship From Russia’s ‘Shadow Fleet
Shipping
April 26, 2025
From 
Bloomberg
 via 
gCaptain

Ukraine Says It Detained Grain Ship From Russia’s ‘Shadow Fleet

By Aliaksandr Kudrytski Apr 25, 2025 (Bloomberg) –Kyiv detained a ship it says was part of Moscow’s “shadow fleet” which illegally exports grain from areas of Ukraine occupied by Russian forces....
Surge in Blank Sailings Hits Transpacific Routes Amid US-China Trade Tensions
Shipping
April 25, 2025
From 
Mike Schuler
 via 
gCaptain

Surge in Blank Sailings Hits Transpacific Routes Amid US-China Trade Tensions

Container shippings is experiencing significant disruptions as continued blank sailings on Transpacific routes reach unprecedented levels amid escalating trade tensions between the United States and China. Recent industry data reveals...
Blank Sailings Cushion Fall for Container Spot Rates
Shipping
April 25, 2025
From 
The Loadstar
 via 
gCaptain

Blank Sailings Cushion Fall for Container Spot Rates

Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to plague the transpacific market and demand elsewhere failed to match supply.
China Waives Tariffs on Some U.S. Goods, but Denies Trump’s Claim That Talks are Underway
Shipping
April 25, 2025
From 
Reuters
 via 
gCaptain

China Waives Tariffs on Some U.S. Goods, but Denies Trump’s Claim That Talks are Underway

China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the two countries could be easing, though China quickly knocked down U.S. President Donald Trump's assertion that negotiations were underway.
Höegh Autoliners Reports Strong Q1 Despite Global Challenges
Shipping
April 25, 2025
From 
Mike Schuler
 via 
gCaptain

Höegh Autoliners Reports Strong Q1 Despite Global Challenges

Höegh Autoliners ASA reported strong financial results for the first quarter of 2025, with substantial revenue gains and strategic expansions amid increasing global uncertainty. The Norwegian roll-on/roll-off vessel operator posted...
EU Expands Maritime Reporting Requirements to Combat ‘Shadow Fleet’ Risks
Shipping
April 24, 2025
From 
Mike Schuler
 via 
gCaptain

EU Expands Maritime Reporting Requirements to Combat ‘Shadow Fleet’ Risks

The European Commission has strengthened its maritime safety regulations by implementing new mandatory insurance reporting requirements for all vessels in EU waters. Under the amended Vessel Monitoring Directive (2022/59/EC), ships...
FMC Awards Samsung $3.6M in Landmark Demurrage Case Against ZIM
Shipping
April 24, 2025
From 
Mike Schuler
 via 
gCaptain

FMC Awards Samsung $3.6M in Landmark Demurrage Case Against ZIM

The Federal Maritime Commission (FMC) has delivered a significant ruling in a contentious shipping dispute, awarding Samsung Electronics America (SEA) $3.68 million in reparations against ZIM Integrated Shipping Services Ltd....
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Shipping
April 24, 2025
From 
Bloomberg
 via 
gCaptain

More Russian Insurers Seek Indian Nod for Oil Tanker Coverage

(Bloomberg) — Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with...