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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...
Israel-Hamas Ceasefire: Could It Signal the End of Houthi Attacks on Red Sea Shipping?
Shipping
January 17, 2025
From 
Mike Schuler
 via 
gCaptain

Israel-Hamas Ceasefire: Could It Signal the End of Houthi Attacks on Red Sea Shipping?

A ceasefire agreement between Israel and Hamas announce this week could signal the beginning of the end for Houthi attacks on commercial shipping in the Red Sea, maritime security firm...
Red Sea Trade Route Will Remain Too Risky Even After Gaza Ceasefire Deal
Shipping
January 17, 2025
From 
Reuters
 via 
gCaptain

Red Sea Trade Route Will Remain Too Risky Even After Gaza Ceasefire Deal

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.
Russian Oil Tankers Still Under Construction Included in U.S. Sanctions
Shipping
January 17, 2025
From 
Reuters
 via 
gCaptain

Russian Oil Tankers Still Under Construction Included in U.S. Sanctions

Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail, much less carried sanctioned cargo.
The Definitive Guide to Where the US Has Squeezed Russia’s Oil Flows the Hardest
Shipping
January 17, 2025
From 
Bloomberg
 via 
gCaptain

The Definitive Guide to Where the US Has Squeezed Russia’s Oil Flows the Hardest

The latest US sanctions on oil tankers hauling Russian petroleum look set to cause severe disruption across the nation’s export machine, with some of Moscow’s flows at risk of a near wipeout if history is any guide.
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Shipping
January 16, 2025
From 
Bloomberg
 via 
gCaptain

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.
Red Sea Roulette: Yemen’s Houthis to Monitor Ceasefire, But Ships Remain at Risk
Shipping
January 16, 2025
From 
Reuters
 via 
gCaptain

Red Sea Roulette: Yemen’s Houthis to Monitor Ceasefire, But Ships Remain at Risk

The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the 15-month war in Gaza and continue its attacks if it is breached.
Product Tanker Fleet Growth to Hit 16-Year High in 2025, BIMCO Reports
Shipping
January 16, 2025
From 
Mike Schuler
 via 
gCaptain

Product Tanker Fleet Growth to Hit 16-Year High in 2025, BIMCO Reports

The product tanker sector is bracing for a monumental surge in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT) in 2025 – a 256% increase...