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IMO Approves Historic Global Shipping Emissions Fee
News
April 11, 2025
From 
Reuters
 via 
gCaptain

IMO Approves Historic Global Shipping Emissions Fee

Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels.
Estonian Navy Detains Russia-Bound Oil Tanker in Baltic Sea
News
April 11, 2025
From 
Reuters
 via 
gCaptain

Estonian Navy Detains Russia-Bound Oil Tanker in Baltic Sea

The Estonian navy detained and boarded a Russia-bound oil tanker on an EU sanctions list on Friday, accusing it of sailing illegally without a valid country flag.
USTR Considers Adjusting Port Fee Plan for Chinese Ships After Pushback
News
April 10, 2025
From 
Reuters
 via 
gCaptain

USTR Considers Adjusting Port Fee Plan for Chinese Ships After Pushback

President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.
CK Hutchison Says it Invested $1.7B in Panama, Surpassing Obligations
News
April 9, 2025
From 
Reuters
 via 
gCaptain

CK Hutchison Says it Invested $1.7B in Panama, Surpassing Obligations

April 9 (Reuters) – A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is...
China Raises Tariffs on US Goods to 84% as Trade Rift Worsens
News
April 9, 2025
From 
Bloomberg
 via 
gCaptain

China Raises Tariffs on US Goods to 84% as Trade Rift Worsens

China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.
Trump Tariffs Kick in, China and Europe Hit Back
News
April 9, 2025
From 
Reuters
 via 
gCaptain

Trump Tariffs Kick in, China and Europe Hit Back

U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, as the European Union prepared retaliatory measures, escalating a global trade war.
U.S. Withdraws from Critical IMO Climate Meeting, Threatens Retaliation Over Emissions Pricing
News
April 8, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Withdraws from Critical IMO Climate Meeting, Threatens Retaliation Over Emissions Pricing

In a dramatic development at the International Maritime Organization’s (IMO) Marine Environment Protection Committee meeting in London, the Trump administration has announced the United States’ withdrawal from crucial maritime decarbonization...
Hegseth Vows to ‘Take Back’ Panama Canal from China’s Influence During Visit
News
April 8, 2025
From 
Reuters
 via 
gCaptain

Hegseth Vows to ‘Take Back’ Panama Canal from China’s Influence During Visit

U.S. Defense Secretary Pete Hegseth is expected to get a close-up look at the Panama Canal on Tuesday, as he kicks off a rare visit to a Central American nation still unsettled by President Donald Trump's threats to take back the canal.
World’s Largest Suction Sails Installed on Juice Carrier
News
April 8, 2025
From 
Mike Schuler
 via 
gCaptain

World’s Largest Suction Sails Installed on Juice Carrier

Spain-based Bound4blue has completed the installation of the world’s largest suction sails on a specialized juice carrier, marking a new chapter in wind-assisted ship propulsion. The groundbreaking project, completed at...
Pentagon’s Hegseth to Visit Panama Canal After Trump Threats
News
April 8, 2025
From 
Reuters
 via 
gCaptain

Pentagon’s Hegseth to Visit Panama Canal After Trump Threats

U.S. Defense Secretary Pete Hegseth is expected to get a close-up look at the Panama Canal on Tuesday, as he kicks off a rare visit to a Central American nation still unsettled by President Donald Trump's threats to take back the canal.
Sanctioned Russian Arctic LNG Project Awakens After Winter With Gas Flaring Visible at Both Production Lines
News
April 8, 2025
From 
Malte Humpert
 via 
gCaptain

Sanctioned Russian Arctic LNG Project Awakens After Winter With Gas Flaring Visible at Both Production Lines

Russia has apparently turned the lights back on at its sanctioned Arctic LNG 2 plant. Images taken by the European Sentinel 2 satellite reveal flaring at both production lines, Train 1 and Train 2, as well as the adjacent main flare.
Trump’s Tariff ‘Medicine’ Engulfs Markets
News
April 7, 2025
From 
Reuters
 via 
gCaptain

Trump’s Tariff ‘Medicine’ Engulfs Markets

President Donald Trump's sweeping tariff plans hammered global financial markets and U.S. stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine."