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Trump Vows Tariffs to Hit Saturday With More in Coming Months
Shipping
January 31, 2025
From 
Bloomberg
 via 
gCaptain

Trump Vows Tariffs to Hit Saturday With More in Coming Months

President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.
Ocean Freight Rates Expected to Drop as Middle East Ceasefire Takes Effect
Shipping
January 31, 2025
From 
Mike Schuler
 via 
gCaptain

Ocean Freight Rates Expected to Drop as Middle East Ceasefire Takes Effect

Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown, despite carriers’ attempts to manage capacity. According to...
Maersk and Hapag-Lloyd Launch Gemini Cooperation, Reshaping Global Container Shipping
Shipping
January 31, 2025
From 
Mike Schuler
 via 
gCaptain

Maersk and Hapag-Lloyd Launch Gemini Cooperation, Reshaping Global Container Shipping

The container shipping industry faces major changes as Maersk and Hapag-Lloyd launch their Gemini Cooperation on Saturday, February 1, 2025. This new partnership aims to deliver industry-leading reliability of over...
Container Spot Rates Slip as Lunar New Year Lull Kicks In
Shipping
January 31, 2025
From 
The Loadstar
 via 
gCaptain

Container Spot Rates Slip as Lunar New Year Lull Kicks In

Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major east-west ocean trades continued to show slight declines.
Second Ship Seized in Baltic Sea Cable Damage Investigation
Shipping
January 31, 2025
From 
Reuters
 via 
gCaptain

Second Ship Seized in Baltic Sea Cable Damage Investigation

Norwegian police said on Friday they had seized and boarded a Norwegian ship with an all-Russian crew on suspicion of involvement in causing damage to a telecoms cable in the Baltic Sea, the second vessel to be named by investigators in the case.
Hapag-Lloyd Reports Strong 2024 Results Ahead of Gemini Launch
Shipping
January 31, 2025
From 
Mike Schuler
 via 
gCaptain

Hapag-Lloyd Reports Strong 2024 Results Ahead of Gemini Launch

German container shipping giant Hapag-Lloyd has reported positive preliminary financial results for 2024, with increased transport volumes and stable freight rates driving improved performance. The company achieved a Group EBITDA...
Trump Set On 25% Tariffs on Mexico and Canada Starting February 1
Shipping
January 30, 2025
From 
Bloomberg
 via 
gCaptain

Trump Set On 25% Tariffs on Mexico and Canada Starting February 1

By Akayla Gardner and Josh Wingrove (Bloomberg) — President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb....
Panama’s Mulino Shuts Down Trump’s Canal Takeover Talk Ahead of Rubio Visit
Shipping
January 30, 2025
From 
Reuters
 via 
gCaptain

Panama’s Mulino Shuts Down Trump’s Canal Takeover Talk Ahead of Rubio Visit

Panamanian President Jose Raul Mulino on Thursday ruled out discussing control over the Panama Canal in a meeting with U.S. Secretary of State Marco Rubio, who is set to visit the Central American country in his first official trip abroad this weekend.
Greek Shipping Company Fined $1.1M for Environmental Violations in Corpus Christi
Shipping
January 30, 2025
From 
Mike Schuler
 via 
gCaptain

Greek Shipping Company Fined $1.1M for Environmental Violations in Corpus Christi

Eurobulk Ltd. has been ordered to pay a $1.125 million criminal fine and serve four years of probation for violating the Act to Prevent Pollution from Ships (APPS) and falsifying...
Russia’s Yamal LNG Acquires New Tanker
Shipping
January 30, 2025
From 
Reuters
 via 
gCaptain

Russia’s Yamal LNG Acquires New Tanker

Jan 30 (Reuters) – 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...
Containership Fire in Red Sea Not Connected to Houthi Activity, Officials Confirm
Shipping
January 29, 2025
From 
Mike Schuler
 via 
gCaptain

Containership Fire in Red Sea Not Connected to Houthi Activity, Officials Confirm

A fire aboard the Hong Kong-flagged containership ASL BAUHINIA in the Red Sea has been officially determined to be unrelated to Houthi militant activity, according to the Combined Maritime Forces’s...
Chief Engineer Sentenced to Prison for ‘Magic Pipe’ Cover-Up in New Orleans
Shipping
January 29, 2025
From 
Mike Schuler
 via 
gCaptain

Chief Engineer Sentenced to Prison for ‘Magic Pipe’ Cover-Up in New Orleans

The Chief Engineer of a Liberian-flagged bulk carrier has been sentenced to prison for environmental crimes and obstruction after pleading guilty to violating the Act to Prevent Pollution from Ships...