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Ocean Carriers Scramble as GRIs Hit a Wall
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February 11, 2025
From 
The Loadstar
 via 
gCaptain

Ocean Carriers Scramble as GRIs Hit a Wall

Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North Europe freight rates, with slot utilisation less than 95% amid the post-Chinese New Year slack period.
Yemeni Houthis Ready to Renew Attacks on Israel if Gaza War Resumes
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February 11, 2025
From 
Reuters
 via 
gCaptain

Yemeni Houthis Ready to Renew Attacks on Israel if Gaza War Resumes

Yemen's Iran-backed Houthis, who control most of western Yemen including the capital, are ready to mount attacks on Israel if it resumes its assault on Gaza and does not commit to the ceasefire deal, the group's leader Abdulmalik al-Houthi said on Tuesday.
South Africa Strengthens Maritime Environmental Laws as Cape Route Traffic Surges Amid Red Sea Crisis
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February 11, 2025
From 
Mike Schuler
 via 
gCaptain

South Africa Strengthens Maritime Environmental Laws as Cape Route Traffic Surges Amid Red Sea Crisis

South Africa has significantly enhanced its maritime environmental protection measures with President Cyril Ramaphosa signing into law the Marine Pollution Amendment Bill, a move that comes at a crucial time...
Trump Raises Tariffs on Aluminum, Steel Imports in Latest Trade War Salvo
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February 11, 2025
From 
Reuters
 via 
gCaptain

Trump Raises Tariffs on Aluminum, Steel Imports in Latest Trade War Salvo

U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war.
Red Sea Ship Traffic Is Yet to Pick Up as Ceasefire Risks Swirl
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February 11, 2025
From 
Bloomberg
 via 
gCaptain

Red Sea Ship Traffic Is Yet to Pick Up as Ceasefire Risks Swirl

Ship traffic through the Red Sea has remained slow in recent weeks despite a prolonged period without attacks from Yemen’s Houthis.
Yara and NYK Sign Historic Contract for World’s First Ammonia-Fueled Gas Carrier
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February 10, 2025
From 
Mike Schuler
 via 
gCaptain

Yara and NYK Sign Historic Contract for World’s First Ammonia-Fueled Gas Carrier

Yara Clean Ammonia Switzerland SA has signed the world’s first time-charter contract with NYK for an ammonia-fueled medium gas carrier (AFMGC). The 40,000m³ carrier, scheduled scheduled for delivery in November...
Maersk: New U.S. Tariffs and Red Sea Crisis Shaping Global Maritime Trade in Early 2025
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February 10, 2025
From 
Mike Schuler
 via 
gCaptain

Maersk: New U.S. Tariffs and Red Sea Crisis Shaping Global Maritime Trade in Early 2025

Major geopolitical events and policy changes are significantly impacting global maritime trade in early 2025, with new U.S. tariffs and ongoing Red Sea security concerns creating ripple effects across shipping...
Historic SS United States Faces New Delays in Final Journey to Become World’s Largest Artificial Reef
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February 10, 2025
From 
Mike Schuler
 via 
gCaptain

Historic SS United States Faces New Delays in Final Journey to Become World’s Largest Artificial Reef

The SS United States, America’s most iconic ocean liner, has encountered another setback in its planned departure from Philadelphia, where the vessel has been docked since 1996. The U.S. Coast...
Chinese Ports See Record Traffic Ahead of US Tariffs and Holiday
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February 10, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Ports See Record Traffic Ahead of US Tariffs and Holiday

China’s busiest port processed a record amount of goods in January, as companies rushed to get their products onto ships before US tariffs kicked in and ahead of a long local holiday.
U.S. Container Imports Continue Surge Amid Renewed Tariff Concerns, Supply Chain Pressures
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February 10, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Container Imports Continue Surge Amid Renewed Tariff Concerns, Supply Chain Pressures

U.S. container ports are experiencing sustained high import volumes as retailers accelerate cargo shipments in response to new tariff threats and potential supply chain disruptions. The latest Global Port Tracker...
Chevron Says Fading US Crude Growth Casts Pall On Port Projects
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February 8, 2025
From 
Bloomberg
 via 
gCaptain

Chevron Says Fading US Crude Growth Casts Pall On Port Projects

By Lucia Kassai Feb 8, 2025 (Bloomberg) –Slowing US oil-production growth is casting a pall over projects intended to expand crude shipments to overseas markets, according to Chevron Corp. New terminal...
Russia Faces An Impending Oil Tanker Crisis As Sanctions Pile Up
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February 8, 2025
From 
Bloomberg
 via 
gCaptain

Russia Faces An Impending Oil Tanker Crisis As Sanctions Pile Up

By Julian Lee Feb 7, 2025 (Bloomberg) –On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. It was part of a raft of...