Shipping
Articles

From
Mike Schuler
via
gCaptain
ABS Chief: Nuclear Power Essential for Shipping’s Net-Zero Goals
Nuclear technology is becoming increasingly vital for maritime decarbonization, with American Bureau of Shipping (ABS) Chairman and CEO Christopher J. Wiernicki declaring it indispensable for achieving net-zero emissions in shipping...

From
Mike Schuler
via
gCaptain
Bill Aiming to Anchor Food for Peace in the USDA Receives Maritime Industry Support
A bicameral group of lawmakers has introduced legislation to transfer the administration of the Food for Peace Program from USAID to the U.S. Department of Agriculture (USDA), a move that...

From
Mike Schuler
via
gCaptain
Panama Ship Registry Hits 96.5% Compliance Rate, Takes Hard Stance on Sanctions Evasion
Panama’s ship registry has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards, while simultaneously strengthening its position against sanctions evasion through new regulatory measures. With...

From
Bloomberg
via
gCaptain
IEA Sees Muted Effects of New Russia Sanctions Amid Workarounds
The International Energy Agency has lowered its outlook for Russia’s oil production this year by only a narrow margin even with sweeping western energy sanctions, as the Paris-based organization expects the nation to come up with workarounds.

From
Reuters
via
gCaptain
Russia’s Yamal LNG Gets New Tanker for Ship-to-Ship Transfers
Russia's liquefied natural gas plant Yamal LNG, led by Novatek, has acquired a new gas carrier for ship-to-ship operations near the Arctic port of Murmansk, ship-tracking LSEG data showed on Thursday.

From
Bloomberg
via
gCaptain
Milei’s Plan to Boost Argentina’s Farm Exports: A Deeper River
The Paraná is Argentina’s gateway to global markets. Around 80% of all the country’s crops are loaded on its shores. But the shipping channel hasn’t been deepened since 2006 — even as global soy commerce has doubled in the same period.

From
Reuters
via
gCaptain
Russia Braces For Oil Output Cuts as Sanctions and Drones Hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.

From
Bloomberg
via
gCaptain
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.

From
Malte Humpert
via
gCaptain
Another Russian ‘Shadow Fleet’ LNG Tanker Abandons Voyage After Five Months, Offloads Cargo to FSU
U.S. sanctions continue to severely hamper Russia’s efforts to deliver LNG from the designated Arctic LNG 2 plant to customers. Five months after loading cargo at the Arctic gas terminal LNG carrier East Energy (139,833-cbm) moored up yesterday alongside the Koryak floating storage barge to seemingly offload its cargo.

From
Mike Schuler
via
gCaptain
Tanker With Oil From Sanctioned Russian Producer Idles Off India
An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo.

From
Mike Schuler
via
gCaptain
Drewry Survey: Red Sea Chaos Expected to Ease in 2025, But Trump Tariffs Loom Large
A new industry survey by maritime consultancy Drewry reveals that most container shipping stakeholders expect Suez Canal transits to resume before the end of 2025, while bracing for escalating U.S....

From
Mike Schuler
via
gCaptain
South Korean Shipping Giant HMM Posts 500% Operating Profit Surge Amid Market Upheaval
South Korean shipping giant HMM delivered strong financial results in 2024, with revenue reaching KRW 11,700 billion (USD $8 billion) and operating profit hitting KRW 3,513 billion (USD $2.3 billion)...