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BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats

BIMCO, the world’s largest shipping association and one of the primary providers of standardized contracts and charter party agreements used in the maritime industry, has announced significant updates to its War Risk...
Taiwan Charges Captain of Chinese Cable Cutter
Shipping
April 11, 2025
From 
Reuters
 via 
gCaptain

Taiwan Charges Captain of Chinese Cable Cutter

aiwan prosecutors on Friday for the first time charged a Chinese ship captain with intentionally damaging undersea cables off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.
Tariff Turbulence Tests Container Markets, But Spot Rates Hold Firm
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

Tariff Turbulence Tests Container Markets, But Spot Rates Hold Firm

By Gavin van Marle (The Loadstar) – Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially schizophrenic effect on demand, spot freight rates this week...
IMO Makes History with First Global Carbon Pricing Scheme for Shipping, Despite Mixed Reactions
Shipping
April 11, 2025
From 
Mike Schuler
 via 
gCaptain

IMO Makes History with First Global Carbon Pricing Scheme for Shipping, Despite Mixed Reactions

In a landmark decision, the International Maritime Organization (IMO) has approved the world’s first meaningful global carbon pricing scheme for the shipping industry, marking a significant step toward maritime decarbonization....
China Hits Back at Trump Tariff Hike, US Stands Its Ground
Shipping
April 11, 2025
From 
Reuters
 via 
gCaptain

China Hits Back at Trump Tariff Hike, US Stands Its Ground

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.
Trump’s Tariff Shift Still Has Markets, Industry Groups Panicked
Shipping
April 11, 2025
From 
Bloomberg
 via 
gCaptain

Trump’s Tariff Shift Still Has Markets, Industry Groups Panicked

President Donald Trump is casting his latest tariff plan as a strategic win. Markets and business leaders only see more chaos ahead. Stock plunged on Thursday, as anxiety spiked among investors again worried an extended period of trade hostility could devastate the global economy. That washed away a half-day of euphoria on Wall Street on Wednesday after Trump paused higher tariffs on dozens of nations.
U.S. Treasury Exposes UAE-Based Iranian Oil Smuggling Fleet, Sanctions 30 Tankers
Shipping
April 10, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Exposes UAE-Based Iranian Oil Smuggling Fleet, Sanctions 30 Tankers

The U.S. Department of the Treasury has unveiled sanctions against a sophisticated maritime network responsible for smuggling hundreds of millions of dollars worth of Iranian petroleum, targeting UAE-based shipping magnate...
Trump Tariffs on China Now at Least 145% as Trade War Ramps Up
Shipping
April 10, 2025
From 
Bloomberg
 via 
gCaptain

Trump Tariffs on China Now at Least 145% as Trade War Ramps Up

President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate US-China trade.
Cargo Transfer Complete as Stena Immaculate Prepares for Port Entry Following Fiery North Sea Collision
Shipping
April 10, 2025
From 
Mike Schuler
 via 
gCaptain

Cargo Transfer Complete as Stena Immaculate Prepares for Port Entry Following Fiery North Sea Collision

The cargo transfer from the damaged tanker Stena Immaculate to the oil products tanker Fure Vyl has been successfully completed, with preparations underway for the vessel to be towed into...
First Arctic LNG Carrier Part of Russian ‘Shadow Fleet’ Heads to Chinese Shipyard For Possible Maintenance
Shipping
April 10, 2025
From 
Malte Humpert
 via 
gCaptain

First Arctic LNG Carrier Part of Russian ‘Shadow Fleet’ Heads to Chinese Shipyard For Possible Maintenance

After more than nine months at sea sanctioned LNG carrier East Energy (formerly Asya Energy) has pulled into a Zhoushan-based shipyard, likely to undergo maintenance or repairs. It is the first ‘shadow fleet’ LNG carrier of Arctic LNG 2 project visiting a Chinese yard.
Trump Is Already Slowing Global Trade as Companies Pause Orders
Shipping
April 10, 2025
From 
Bloomberg
 via 
gCaptain

Trump Is Already Slowing Global Trade as Companies Pause Orders

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.
Trump, Hegseth Signal Panama Canal Pivot
Shipping
April 9, 2025
From 
Reuters
 via 
gCaptain

Trump, Hegseth Signal Panama Canal Pivot

Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.