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CMA CGM Considering Building Containerships in U.S., CEO Says
Shipping
March 7, 2025
From 
Reuters
 via 
gCaptain

CMA CGM Considering Building Containerships in U.S., CEO Says

CMA CGM is in talks with shipyards about the possibility of having medium-sized container vessels built in the United States, the French shipping group's CEO Rodolphe Saade told Les Echos newspaper.
Asia-Europe Container Spot Rates Find a Floor—For Now
Shipping
March 7, 2025
From 
The Loadstar
 via 
gCaptain

Asia-Europe Container Spot Rates Find a Floor—For Now

This week’s FAK rate hikes introduced by carriers on the Asia-Europe trades managed to arrest 13 weeks of successive spot freight rate declines.
Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market
Shipping
March 7, 2025
From 
Bloomberg
 via 
gCaptain

Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs for the largest American refining center.
Trump Hails $20 Billion Investment by Shipping Firm CMA CGM
Shipping
March 7, 2025
From 
Reuters
 via 
gCaptain

Trump Hails $20 Billion Investment by Shipping Firm CMA CGM

U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20 billion in the United States to build out shipping logistics and terminals.
Mystery Mines: State Actor Likely Targeting Tankers Calling at Russian Oil Ports, Ambrey Warns
Shipping
March 7, 2025
From 
Mike Schuler
 via 
gCaptain

Mystery Mines: State Actor Likely Targeting Tankers Calling at Russian Oil Ports, Ambrey Warns

A state actor has been systematically targeting merchant vessels calling at Russian oil export facilities with naval mines since December 2024, according to a new threat assessment from maritime security firm Ambrey.
US Mulling Plan to Intercept Iranian Tankers at Sea as Exports Surge
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

US Mulling Plan to Intercept Iranian Tankers at Sea as Exports Surge

President Donald Trump's administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters.
House Committee Leaders Slam EU’s TikTok Campaign to Undermine Jones Act
Shipping
March 6, 2025
From 
Mike Schuler
 via 
gCaptain

House Committee Leaders Slam EU’s TikTok Campaign to Undermine Jones Act

Bipartisan leaders of the U.S. House Transportation and Infrastructure Committee have confronted the European Union over its attempts to influence U.S. maritime policy through social media campaigns. The controversy centers...
Shipping Firms Pull Back from Hong Kong to Skirt US-China Risks
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

Shipping Firms Pull Back from Hong Kong to Skirt US-China Risks

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.
As Trump Hails Taking Back of Panama Canal, Hong Kong Inc Walks Tightrope
Shipping
March 6, 2025
From 
Reuters
 via 
gCaptain

As Trump Hails Taking Back of Panama Canal, Hong Kong Inc Walks Tightrope

Hong Kong's edge as a financial hub will erode further as the city becomes embroiled in China-U.S. tensions, with the flash sale of a Hong Kong-owned global ports business highlighting geopolitical volatility, executives and analysts said.
USTR’s $1.5M Port Fee Proposal on Chinese Ships Sparks Industry Confusion Over Critical Definitions
Shipping
March 6, 2025
From 
Mike Schuler
 via 
gCaptain

USTR’s $1.5M Port Fee Proposal on Chinese Ships Sparks Industry Confusion Over Critical Definitions

A new U.S. Trade Representative proposal targeting Chinese maritime operations with substantial port fees has sparked significant concerns within the shipping industry due to ambiguous definitions that could create widespread...
Photos: CMA CGM’s First Dual-Fuel Methanol Containership Arrives in Singapore
Shipping
March 5, 2025
From 
Mike Schuler
 via 
gCaptain

Photos: CMA CGM’s First Dual-Fuel Methanol Containership Arrives in Singapore

French shipping giant CMA CGM has marked a significant milestone in maritime decarbonization with its first dual-fuel methanol vessel, CMA CGM IRON, making its maiden call at the Port of...
CMB.TECH Acquires Major Stake in Golden Ocean from John Fredriksen
Shipping
March 5, 2025
From 
Mike Schuler
 via 
gCaptain

CMB.TECH Acquires Major Stake in Golden Ocean from John Fredriksen

CMB.TECH has announced the acquisition of an approximately 40.8% stake in Golden Ocean Group Limited from John Fredriksen’s Hemen Holding Limited. The deal involves 81,363,730 shares of the dry bulk...