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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.
Texas Ports Resuming Operations After Sinter Storm
Shipping
January 22, 2025
From 
Reuters
 via 
gCaptain

Texas Ports Resuming Operations After Sinter Storm

Several Texas ports began to resume operations on Wednesday, after winter storm Enzo moved out of the state, according to ports and a shipping notice seen by Reuters.
India Widens Approvals for Russian Insurers After Oil Sanctions
Shipping
January 22, 2025
From 
Bloomberg
 via 
gCaptain

India Widens Approvals for Russian Insurers After Oil Sanctions

India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month.
Crude Oil Tanker Fleet Growth Flatlines as Deliveries Hit Lowest Level Since 1988
Shipping
January 22, 2025
From 
Mike Schuler
 via 
gCaptain

Crude Oil Tanker Fleet Growth Flatlines as Deliveries Hit Lowest Level Since 1988

New crude oil tanker deliveries hit a 36-year low in 2024, with only 17 new vessels joining the global fleet, representing a capacity of 2.5 million deadweight tonnes (DWT), according...
Houthis Release ‘Galaxy Leader’ Crew After 430 Days in Captivity as Red Sea Tensions Ease
Shipping
January 22, 2025
From 
Mike Schuler
 via 
gCaptain

Houthis Release ‘Galaxy Leader’ Crew After 430 Days in Captivity as Red Sea Tensions Ease

The 25 crew members of the car carrier Galaxy Leader have been released and transferred to Oman after spending 430 days in Houthi captivity following their November 2023 capture in...
Trump Designates Lou Sola as New Federal Maritime Commission Chairman
Shipping
January 21, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Designates Lou Sola as New Federal Maritime Commission Chairman

President Donald J. Trump has appointed Commissioner Louis E. “Lou” Sola as the new Chairman of the Federal Maritime Commission, the independent federal agency responsible for regulating the international ocean...
Trump Orders Sweeping Trade Review on First Day
Shipping
January 21, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Orders Sweeping Trade Review on First Day

President Trump issued a comprehensive trade policy memorandum on his first day in office, directing federal agencies to conduct wide-ranging reviews of America’s trade relationships and security measures. The memorandum,...
Trump’s Trade Policy Uncertainty Could Send Ocean Freight Rates Higher, Xeneta Warns
Shipping
January 21, 2025
From 
Mike Schuler
 via 
gCaptain

Trump’s Trade Policy Uncertainty Could Send Ocean Freight Rates Higher, Xeneta Warns

President Trump‘s potential revival of sweeping import tariffs is creating widespread uncertainty in US shipping markets, with industry experts warning of possible supply chain disruption and skyrocketing freight rates. “Trump...
Shipping Giant MSC Says It Will Keep Avoiding Red Sea for Now
Shipping
January 21, 2025
From 
Bloomberg
 via 
gCaptain

Shipping Giant MSC Says It Will Keep Avoiding Red Sea for Now

Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is not imminent.
Trump Plans to Impose 25% Tariffs on Mexico, Canada by Feb. 1
Shipping
January 21, 2025
From 
Bloomberg
 via 
gCaptain

Trump Plans to Impose 25% Tariffs on Mexico, Canada by Feb. 1

(Bloomberg) — President Donald Trump signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s closest...
Trump Executive Order Renames Gulf of Mexico to “Gulf of America”
Shipping
January 21, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Executive Order Renames Gulf of Mexico to “Gulf of America”

President Donald Trump signed an executive order on his first day in office, officially renaming the Gulf of Mexico to the “Gulf of America”. The executive order emphasizes the Gulf’s...