Shipping
Articles

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...

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.

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...

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....

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.

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.

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...

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.

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...

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.

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.

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.