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U.S. Treasury Sanctions International Network Shipping Iranian Oil to China
Shipping
February 6, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Sanctions International Network Shipping Iranian Oil to China

The new sanctions target multiple entities across China, India, and the UAE, as well as four vessels: SIRI (formerly ANTHEA), OXIS, CH BILLION, and STAR FOREST.
Panama Canal Authority Denies U.S. Claim of Free Transit for Military Vessels
Shipping
February 5, 2025
From 
Mike Schuler
 via 
gCaptain

Panama Canal Authority Denies U.S. Claim of Free Transit for Military Vessels

The Panama Canal Authority (ACP) has directly contradicted U.S. State Department claims regarding free passage for U.S. government vessels through the strategic waterway. In a statement posted to X, the...
Maersk Launches $2B Share Buyback Program
Shipping
February 5, 2025
From 
Mike Schuler
 via 
gCaptain

Maersk Launches $2B Share Buyback Program

Maersk said on Wednesday it has initiated a share buyback program of up to 14.4 billion Danish crowns ($2.01 billion), which will be executed over a period of 12 months.
LNG Shipping Rates Plunge on Increasing Vessel Availability
Shipping
February 5, 2025
From 
Reuters
 via 
gCaptain

LNG Shipping Rates Plunge on Increasing Vessel Availability

SINGAPORE/LONDON, Feb 5 (Reuters) – Shipping costs for liquefied natural gas (LNG) cargoes have tumbled to five-year lows as newly built carriers added to the global fleet outpace shipping demand and shorter...
Russian ‘Shadow Fleet’ LNG Carrier Calls In Oman Signaling Possible Easing of Sanctions Concerns
Shipping
February 5, 2025
From 
Malte Humpert
 via 
gCaptain

Russian ‘Shadow Fleet’ LNG Carrier Calls In Oman Signaling Possible Easing of Sanctions Concerns

After more than six months at sea sanctioned LNG carrier La Perouse has entered the Omani port of Duqm. It is the first time that a Russian LNG carrier, part of the so-called ‘shadow-fleet’, has entered a foreign port.
Hapag-Lloyd Says it Can Cope With U.S.-China Tariffs
Shipping
February 5, 2025
From 
Reuters
 via 
gCaptain

Hapag-Lloyd Says it Can Cope With U.S.-China Tariffs

Container shipping liner Hapag-Lloyd HLAG.DE will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday.
Trump Moves to Choke Off Iran’s Oil Exports with ‘Maximum Pressure’
Shipping
February 4, 2025
From 
Reuters
 via 
gCaptain

Trump Moves to Choke Off Iran’s Oil Exports with ‘Maximum Pressure’

U.S. President Donald Trump on Tuesday plans to restore his "maximum pressure" campaign on Iran in an effort to stop Tehran from obtaining a nuclear weapon and drive its oil exports down to zero, a U.S. official said.
US Sanctions Bite With Russia’s Crude Exports Facing Delays Offloading
Shipping
February 4, 2025
From 
Bloomberg
 via 
gCaptain

US Sanctions Bite With Russia’s Crude Exports Facing Delays Offloading

Russia’s crude exports have yet to be curtailed by the latest US sanctions to target its oil, with flows broadly stable. But while loading cargoes onto tankers is one thing, getting them off is another — and signs are emerging that the curbs are stalling the completion of shipments.
China Launches Limited Tariffs After Trump Imposes Sweeping New Levies
Shipping
February 4, 2025
From 
Reuters
 via 
gCaptain

China Launches Limited Tariffs After Trump Imposes Sweeping New Levies

China imposed targeted tariffs on U.S. imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.
Enterprise Products’ SPOT Oil Export Project Faces Uncertain Future Due to Low Customer Interest
Shipping
February 4, 2025
From 
Mike Schuler
 via 
gCaptain

Enterprise Products’ SPOT Oil Export Project Faces Uncertain Future Due to Low Customer Interest

Enterprise Products Partners announced today that its Sea Port Oil Terminal (SPOT) project lacks sufficient customer interest to move forward with commercialization, casting doubt on the future of what was...
Under U.S. Scrutiny, Panama Weighs Future of Chinese Port Concessions
Shipping
February 4, 2025
From 
Bloomberg
 via 
gCaptain

Under U.S. Scrutiny, Panama Weighs Future of Chinese Port Concessions

Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation, a potential concession to defuse President Donald Trump’s threats about countering China’s influence around the key waterway.
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds
Shipping
February 4, 2025
From 
Reuters
 via 
gCaptain

Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds

Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen's Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks on ships not linked to Israel.