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Maersk: New U.S. Tariffs and Red Sea Crisis Shaping Global Maritime Trade in Early 2025
Shipping
February 10, 2025
From 
Mike Schuler
 via 
gCaptain

Maersk: New U.S. Tariffs and Red Sea Crisis Shaping Global Maritime Trade in Early 2025

Major geopolitical events and policy changes are significantly impacting global maritime trade in early 2025, with new U.S. tariffs and ongoing Red Sea security concerns creating ripple effects across shipping...
Historic SS United States Faces New Delays in Final Journey to Become World’s Largest Artificial Reef
Shipping
February 10, 2025
From 
Mike Schuler
 via 
gCaptain

Historic SS United States Faces New Delays in Final Journey to Become World’s Largest Artificial Reef

The SS United States, America’s most iconic ocean liner, has encountered another setback in its planned departure from Philadelphia, where the vessel has been docked since 1996. The U.S. Coast...
Chinese Ports See Record Traffic Ahead of US Tariffs and Holiday
Shipping
February 10, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Ports See Record Traffic Ahead of US Tariffs and Holiday

China’s busiest port processed a record amount of goods in January, as companies rushed to get their products onto ships before US tariffs kicked in and ahead of a long local holiday.
U.S. Container Imports Continue Surge Amid Renewed Tariff Concerns, Supply Chain Pressures
Shipping
February 10, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Container Imports Continue Surge Amid Renewed Tariff Concerns, Supply Chain Pressures

U.S. container ports are experiencing sustained high import volumes as retailers accelerate cargo shipments in response to new tariff threats and potential supply chain disruptions. The latest Global Port Tracker...
Chevron Says Fading US Crude Growth Casts Pall On Port Projects
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February 8, 2025
From 
Bloomberg
 via 
gCaptain

Chevron Says Fading US Crude Growth Casts Pall On Port Projects

By Lucia Kassai Feb 8, 2025 (Bloomberg) –Slowing US oil-production growth is casting a pall over projects intended to expand crude shipments to overseas markets, according to Chevron Corp. New terminal...
Russia Faces An Impending Oil Tanker Crisis As Sanctions Pile Up
Shipping
February 8, 2025
From 
Bloomberg
 via 
gCaptain

Russia Faces An Impending Oil Tanker Crisis As Sanctions Pile Up

By Julian Lee Feb 7, 2025 (Bloomberg) –On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. It was part of a raft of...
Trump to Announce Reciprocal Tariffs on Many Countries Next Week
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Trump to Announce Reciprocal Tariffs on Many Countries Next Week

By Jarrett Renshaw and David Morgan WASHINGTON, Feb 7 (Reuters) – President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade...
Tanker Owners Cash In on a Seller’s Market
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February 7, 2025
From 
Ira Breskin
 via 
gCaptain

Tanker Owners Cash In on a Seller’s Market

By Ira Breskin NEW YORK — This is a seller’s market for tankers. That was the consensus of industry experts speaking here this week at the 31st annual Hellenic-American/Norwegian-American Chambers...
UANI Launches Initiative to Target Ship Captains in Iran’s Ghost Armada Oil Trade
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

UANI Launches Initiative to Target Ship Captains in Iran’s Ghost Armada Oil Trade

United Against Nuclear Iran (UANI) has launched a new tracking initiative targeting ship captains and officers involved in Iran’s illicit oil trade. The “Masters of the Ghost Armada” resource aims...
Shipping Industry Leaders Unite to Combat Rising Seafarer Kidnappings and Criminalization
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Shipping Industry Leaders Unite to Combat Rising Seafarer Kidnappings and Criminalization

The heads of major shipping organizations convened in Athens this week to address the escalating crisis of seafarer safety and rights, with a particular focus on the increasing incidents of...
Baltic Index Logs First Weekly Gain in Five Weeks
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February 7, 2025
From 
Reuters
 via 
gCaptain

Baltic Index Logs First Weekly Gain in Five Weeks

Feb 7 (Reuters) – The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose supported by strong rates across all vessel segments on Friday, and registered its...
Spot Rates Sink Post-CNY: Is a Price War Brewing in Asia-Europe Trades?
Shipping
February 7, 2025
From 
Mike Schuler
 via 
gCaptain

Spot Rates Sink Post-CNY: Is a Price War Brewing in Asia-Europe Trades?

Despite large parts of the Chinese workforce continuing to enjoy the new year holiday, there was a partial return to work for other parts of the economy, including the country’s freight forwarders.