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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...
Trump Vows Panama Canal ‘Takeback’ in Bold Inaugural Threat
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January 20, 2025
From 
Reuters
 via 
gCaptain

Trump Vows Panama Canal ‘Takeback’ in Bold Inaugural Threat

Newly sworn-in President Donald Trump vowed on Monday that the United States would take back the Panama Canal as he delivered an inauguration speech in which he invoked the 19th century expansionist doctrine of "Manifest Destiny" in laying out plans for space exploration.
Ambrey: Red Sea Shipping Expected to Resume Gradually After Conditional Houthi Ceasefire
Shipping
January 20, 2025
From 
Mike Schuler
 via 
gCaptain

Ambrey: Red Sea Shipping Expected to Resume Gradually After Conditional Houthi Ceasefire

Maritime traffic through the Red Sea is expected to make a gradual comeback following the recent Israel-Hamas ceasefire, though security experts warn that risks remain for certain vessels. According to...
Drewry: Shipping Lines Cautious on Suez Return
Shipping
January 20, 2025
From 
Mike Schuler
 via 
gCaptain

Drewry: Shipping Lines Cautious on Suez Return

Despite the Houthis’ recent pledge to halt attacks on non-Israeli commercial vessels following the Israel-Hamas ceasefire agreement of January 19th, shipping industry analysts at Drewry warn against expecting an immediate...
Trump’s Trade Reset: No Immediate Tariffs, But Global Supply Chains Brace for Impact
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January 20, 2025
From 
Reuters
 via 
gCaptain

Trump’s Trade Reset: No Immediate Tariffs, But Global Supply Chains Brace for Impact

Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office but directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, an incoming Trump administration official said, an unexpected development that triggered a dive in the dollar and a rally in global stocks.
Houthis Pledge Partial Pause to Red Sea Attacks, But Shipping Industry Cautious on Return
Shipping
January 20, 2025
From 
Mike Schuler
 via 
gCaptain

Houthis Pledge Partial Pause to Red Sea Attacks, But Shipping Industry Cautious on Return

The Iranian-backed Houthis have announced a significant scaling back of their attacks on commercial vessels in the Red Sea, following the implementation of a Gaza ceasefire that took effect on...
Supertanker Rates on China Routes Double Since Sanctions
Shipping
January 20, 2025
From 
Bloomberg
 via 
gCaptain

Supertanker Rates on China Routes Double Since Sanctions

The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent to which the move has upended the global shipping market.
Are US Shippers Ready for an Emergency Order on Tariffs?
Shipping
January 20, 2025
From 
Lori Ann LaRocco
 via 
gCaptain

Are US Shippers Ready for an Emergency Order on Tariffs?

Lori Ann LaRocco – The world of logistics handicapped a Trump win starting in the late winter and early spring of 2024, with discussions and implementation of front-loading in anticipation of tariffs....
Oil Supertanker Rates on China Routes Double Since Sanctions
Shipping
January 20, 2025
From 
Bloomberg
 via 
gCaptain

Oil Supertanker Rates on China Routes Double Since Sanctions

The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent to which the move has upended the global shipping market.
Are US Shippers Ready for an Emergency Order on Tariffs?
Shipping
January 19, 2025
From 
Lori Ann LaRocco
 via 
gCaptain

Are US Shippers Ready for an Emergency Order on Tariffs?

Lori Ann LaRocco – The world of logistics handicapped a Trump win starting in the late winter and early spring of 2024, with discussions and implementation of front-loading in anticipation of tariffs....
China and India Scramble for Crude as Sanctioned Russian Tankers Turn Back
Shipping
January 17, 2025
From 
Bloomberg
 via 
gCaptain

China and India Scramble for Crude as Sanctioned Russian Tankers Turn Back

The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve Russian oil exports and their introduction has driven up Brent futures by as much as $5 a barrel in recent days.
U.S. Treasury Sanctions Yemen Kuwait Bank for Financing Houthi Attacks on Red Sea Shipping
Shipping
January 17, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Sanctions Yemen Kuwait Bank for Financing Houthi Attacks on Red Sea Shipping

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Yemen Kuwait Bank for Trade and Investment Y.S.C for providing financial support to the...