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French Shipping Giant CMA CGM To Keep Avoiding Red Sea
Shipping
January 25, 2025
From 
Reuters
 via 
gCaptain

French Shipping Giant CMA CGM To Keep Avoiding Red Sea

PARIS, Jan 25 (Reuters) – French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and...
Coast Guard Icebreakers Battle Lake Erie Ice to Free Stranded Vessel
Shipping
January 25, 2025
From 
Mike Schuler
 via 
gCaptain

Coast Guard Icebreakers Battle Lake Erie Ice to Free Stranded Vessel

U.S. and Canadian Coast Guard vessels are working to free the Canadian-flagged bulk carrier Manitoulin, which became trapped in ice on Lake Erie near Buffalo, New York on January 22....
Louisiana’s Argent LNG Sets Deal With Bangladesh
Shipping
January 25, 2025
From 
Reuters
 via 
gCaptain

Louisiana’s Argent LNG Sets Deal With Bangladesh

HOUSTON, Jan 24 (Reuters) – , which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to...
Report: U.S. Vessel Approached by Military Craft in Persian Gulf Amid Iranian Naval Exercises
Shipping
January 24, 2025
From 
Mike Schuler
 via 
gCaptain

Report: U.S. Vessel Approached by Military Craft in Persian Gulf Amid Iranian Naval Exercises

A U.S.-flagged cargo ship was reportedly targeted by a small military craft in the Persian Gulf on January 24, amid ongoing Iranian naval exercises in the region. The incident, which...
LNG’s Banner Year: Record Surge in LNG-Fueled Ships Marks 2024 as a Turning Point
Shipping
January 24, 2025
From 
Mike Schuler
 via 
gCaptain

LNG’s Banner Year: Record Surge in LNG-Fueled Ships Marks 2024 as a Turning Point

The maritime industry’s transition to cleaner fuels reached a significant milestone in 2024, with the adoption of LNG-fueled vessels experiencing unprecedented growth. According to SEA-LNG’s annual ‘View from the Bridge’...
Container Spot Rates Dive as Lunar New Year and Suez Resumption Rattle the Market
Shipping
January 24, 2025
From 
The Loadstar
 via 
gCaptain

Container Spot Rates Dive as Lunar New Year and Suez Resumption Rattle the Market

The downward spiral of container spot freight pricing accelerated this week, as China begins its lunar new year celebrations this weekend to see in the Year of the Snake.
Hybrid Warfare: Russian Spy Ship in English Channel Highlights Escalating Risks
Shipping
January 24, 2025
From 
Mike Schuler
 via 
gCaptain

Hybrid Warfare: Russian Spy Ship in English Channel Highlights Escalating Risks

The Royal Navy’s recent interception of the Russian spy ship Yantar in the English Channel marks the latest development in a series of incidents underscoring the growing threat of hybrid warfare at...
Russian Oil Tankers Search for New Flags to Hide From Sanctions
Shipping
January 23, 2025
From 
Bloomberg
 via 
gCaptain

Russian Oil Tankers Search for New Flags to Hide From Sanctions

A chunk of Russia’s oil tanker fleet is being forced to change the flag they sail under as US and UK sanctions heap pressure on Moscow’s shipping network.
Rubio to Visit Panama Amid Trump Push to Take Back Canal
Shipping
January 23, 2025
From 
Reuters
 via 
gCaptain

Rubio to Visit Panama Amid Trump Push to Take Back Canal

U.S. Secretary of State Marco Rubio will visit Panama during his first overseas trip in the post, a source told Reuters on Thursday, as President Donald Trump makes a push for the United States to take back the Panama Canal that has angered the Central American country.
Four Sailors Rescued from Life Raft After Vessel Sinks in Atlantic’s Silver Bank
Shipping
January 23, 2025
From 
Mike Schuler
 via 
gCaptain

Four Sailors Rescued from Life Raft After Vessel Sinks in Atlantic’s Silver Bank

The U.S. Coast Guard, the commercial containership El Coquí, and fishing vessel Bonanza successfully rescued four American sailors from a life raft in the Silver Bank waters north of the...
Trump Orders Process to Designate the Houthis as Foreign Terrorist Organization Amid Red Sea Shipping Crisis
Shipping
January 23, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Orders Process to Designate the Houthis as Foreign Terrorist Organization Amid Red Sea Shipping Crisis

President Donald Trump has signed an executive order initiating the process to designate Yemen’s Ansar Allah, aka the Houthis, as a Foreign Terrorist Organization. The move comes in response to...
Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
Shipping
January 23, 2025
From 
Bloomberg
 via 
gCaptain

Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says

Egypt is “cautiously optimistic” a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the country’s minister for foreign trade and investment said.