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U.S. Treasury Sanctions Yemen Bank for Supporting Houthi Attacks in Red Sea
Shipping
April 17, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Sanctions Yemen Bank for Supporting Houthi Attacks in Red Sea

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the International Bank of Yemen Y.S.C. (IBY) for providing financial support to the Iran-backed Houthi group....
Global Shippers Await Word on U.S. Plan to Hit China-Built Ships With Port Fees
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April 17, 2025
From 
Reuters
 via 
gCaptain

Global Shippers Await Word on U.S. Plan to Hit China-Built Ships With Port Fees

The U.S. Trade Representative's office will announce its plan on Thursday for levying port fees on China-linked ships as part of President Donald Trump's effort to revive domestic shipbuilding and counter China's dominance on the high seas.
Venture Global’s Calcasieu Pass Achieves Commercial Operations
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April 16, 2025
From 
Mike Schuler
 via 
gCaptain

Venture Global’s Calcasieu Pass Achieves Commercial Operations

Venture Global announced a significant advancement in U.S. LNG infrastructure with the commencement of commercial operations at its Calcasieu Pass export facility in Louisiana. The project, completed in an impressive...
California Sues Trump Administration to Block Tariffs
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April 16, 2025
From 
Reuters
 via 
gCaptain

California Sues Trump Administration to Block Tariffs

California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.
Under New Agreement, Global Seafarer Minimum Wage Set to Rise to $690 Per Month by 2026
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April 16, 2025
From 
Mike Schuler
 via 
gCaptain

Under New Agreement, Global Seafarer Minimum Wage Set to Rise to $690 Per Month by 2026

The International Labour Organization (ILO) has concluded negotiations on a new global minimum wage agreement for seafarers, establishing progressive increases over the next three years. The agreement was reached during...
U.S. Treasury Sanctions Major Chinese Refinery and Shadow Fleet Vessels in Latest Iran Oil Crackdown
Shipping
April 16, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Sanctions Major Chinese Refinery and Shadow Fleet Vessels in Latest Iran Oil Crackdown

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on China-based Shandong Shengxing Chemical Co., Ltd. for purchasing over $1 billion worth of Iranian...
Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff
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April 16, 2025
From 
Bloomberg
 via 
gCaptain

Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff

Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.
MSC Makes History as First Container Line to Hit 900-Ship Fleet
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April 15, 2025
From 
Mike Schuler
 via 
gCaptain

MSC Makes History as First Container Line to Hit 900-Ship Fleet

Swiss-based Mediterranean Shipping Company (MSC) has become the first global container carrier to operate a fleet of 900 vessels, according to Alphaliner. The liner industry analyst reports that MSC’s milestone...
Seafarers Officially Designated as Key Workers in Maritime Labour Convention Update
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April 15, 2025
From 
Mike Schuler
 via 
gCaptain

Seafarers Officially Designated as Key Workers in Maritime Labour Convention Update

The International Labour Organization (ILO) has adopted landmark amendments to the Maritime Labour Convention (MLC), officially designating seafarers as key workers, marking a transformative shift in maritime labor rights. Negotiators...
Trump’s China Ship Fees Set to Hit Global Shipping Giants
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April 15, 2025
From 
Bloomberg
 via 
gCaptain

Trump’s China Ship Fees Set to Hit Global Shipping Giants

(Bloomberg) — Container ships, the workhorses of global trade transporting almost 90% of the world’s manufactured goods, have become a target in Donald Trump’s conflict with China — and none...
Port of Long Beach Claims Top Spot as U.S. Ports Brace for Trade War Hit
Shipping
April 14, 2025
From 
Mike Schuler
 via 
gCaptain

Port of Long Beach Claims Top Spot as U.S. Ports Brace for Trade War Hit

The Port of Long Beach has emerged as America’s busiest container port in the first quarter of 2025, achieving record-breaking cargo volumes ahead of what could be a dramatic downturn...
Maritime Labor Reforms Set to Transform Seafarer Rights by 2027
Shipping
April 14, 2025
From 
Mike Schuler
 via 
gCaptain

Maritime Labor Reforms Set to Transform Seafarer Rights by 2027

The International Labour Organization (ILO) on Friday approved groundbreaking updates to the Maritime Labour Convention (MLC), marking a significant victory for seafarer rights and working conditions. The comprehensive reforms, negotiated...