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ABS Chief: Nuclear Power Essential for Shipping’s Net-Zero Goals
Shipping
February 13, 2025
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...
Bill Aiming to Anchor Food for Peace in the USDA Receives Maritime Industry Support
Shipping
February 13, 2025
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...
Panama Ship Registry Hits 96.5% Compliance Rate, Takes Hard Stance on Sanctions Evasion
Shipping
February 13, 2025
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...
IEA Sees Muted Effects of New Russia Sanctions Amid Workarounds
Shipping
February 13, 2025
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.
Russia’s Yamal LNG Gets New Tanker for Ship-to-Ship Transfers
Shipping
February 13, 2025
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.
Milei’s Plan to Boost Argentina’s Farm Exports: A Deeper River
Shipping
February 12, 2025
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.
Russia Braces For Oil Output Cuts as Sanctions and Drones Hit
Shipping
February 12, 2025
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.
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Shipping
February 12, 2025
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.
Another Russian ‘Shadow Fleet’ LNG Tanker Abandons Voyage After Five Months, Offloads Cargo to FSU
Shipping
February 12, 2025
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.
Tanker With Oil From Sanctioned Russian Producer Idles Off India
Shipping
February 11, 2025
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.
Drewry Survey: Red Sea Chaos Expected to Ease in 2025, But Trump Tariffs Loom Large
Shipping
February 11, 2025
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....
South Korean Shipping Giant HMM Posts 500% Operating Profit Surge Amid Market Upheaval
Shipping
February 11, 2025
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)...