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Trump to Announce Reciprocal Tariffs on Many Countries Next Week
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Trump to Announce Reciprocal Tariffs on Many Countries Next Week

By Jarrett Renshaw and David Morgan WASHINGTON, Feb 7 (Reuters) – President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade...
Tanker Owners Cash In on a Seller’s Market
Shipping
February 7, 2025
From 
Ira Breskin
 via 
gCaptain

Tanker Owners Cash In on a Seller’s Market

By Ira Breskin NEW YORK — This is a seller’s market for tankers. That was the consensus of industry experts speaking here this week at the 31st annual Hellenic-American/Norwegian-American Chambers...
UANI Launches Initiative to Target Ship Captains in Iran’s Ghost Armada Oil Trade
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

UANI Launches Initiative to Target Ship Captains in Iran’s Ghost Armada Oil Trade

United Against Nuclear Iran (UANI) has launched a new tracking initiative targeting ship captains and officers involved in Iran’s illicit oil trade. The “Masters of the Ghost Armada” resource aims...
Shipping Industry Leaders Unite to Combat Rising Seafarer Kidnappings and Criminalization
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Shipping Industry Leaders Unite to Combat Rising Seafarer Kidnappings and Criminalization

The heads of major shipping organizations convened in Athens this week to address the escalating crisis of seafarer safety and rights, with a particular focus on the increasing incidents of...
Baltic Index Logs First Weekly Gain in Five Weeks
Shipping
February 7, 2025
From 
Reuters
 via 
gCaptain

Baltic Index Logs First Weekly Gain in Five Weeks

Feb 7 (Reuters) – The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose supported by strong rates across all vessel segments on Friday, and registered its...
Spot Rates Sink Post-CNY: Is a Price War Brewing in Asia-Europe Trades?
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Spot Rates Sink Post-CNY: Is a Price War Brewing in Asia-Europe Trades?

Despite large parts of the Chinese workforce continuing to enjoy the new year holiday, there was a partial return to work for other parts of the economy, including the country’s freight forwarders.
Russia Assembles Flotilla of LNG Carriers in Arctic Waters Ahead of EU Transshipment Ban
Shipping
February 7, 2025
From 
Malte Humpert
 via 
gCaptain

Russia Assembles Flotilla of LNG Carriers in Arctic Waters Ahead of EU Transshipment Ban

Russia continues to amass LNG carriers in preparation of the impending EU transshipment ban. Starting in March 2025 EU export terminals will be off limits to Russian LNG forcing the country to look instead to ship-to-ship transfers.
Oil Executives Call for Cautious Return to Red Sea Navigation
Shipping
February 7, 2025
From 
Reuters
 via 
gCaptain

Oil Executives Call for Cautious Return to Red Sea Navigation

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and competitors.
Panama’s President Slams U.S. ‘Lies and Falsehoods’ About Canal
Shipping
February 6, 2025
From 
Reuters
 via 
gCaptain

Panama’s President Slams U.S. ‘Lies and Falsehoods’ About Canal

Panama President Jose Raul Mulino said on Thursday the U.S. was spreading "lies and falsehoods" after the State Department claimed U.S. government vessels would be able to pass through the Panama Canal without paying.
BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions
Shipping
February 6, 2025
From 
Mike Schuler
 via 
gCaptain

BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions

Ship transits through the Panama Canal remain significantly lower than historical averages, with capacity down 10% between September 2024 and January 2025 compared to the 2019-2022 average, according to BIMCO’s...
Denmark Intensifies Inspections of Russian Oil Tankers in Critical Shipping Lane
Shipping
February 6, 2025
From 
Mike Schuler
 via 
gCaptain

Denmark Intensifies Inspections of Russian Oil Tankers in Critical Shipping Lane

The Danish Maritime Authority is intensifying oversight of oil tankers in the Skagen Roads area of the Danish Straits as part of a broader European initiative to crack down Russian...
Maersk Projects 4% Container Growth for 2025 as Red Sea Uncertainty Looms Over Global Trade
Shipping
February 6, 2025
From 
Mike Schuler
 via 
gCaptain

Maersk Projects 4% Container Growth for 2025 as Red Sea Uncertainty Looms Over Global Trade

A.P. Moller-Maersk expects global container volume growth of approximately 4% in 2025, as the shipping giant adapts to ongoing Red Sea disruptions and potential supply-demand imbalances. The Danish shipping and...