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USTR Tariff Could Scuttle ACL’s U.S. Operations, CEO Warns
Shipping
March 21, 2025
From 
The Loadstar
 via 
gCaptain

USTR Tariff Could Scuttle ACL’s U.S. Operations, CEO Warns

Niche transatlantic carrier Atlantic Container Line (ACL) has warned it would have to exit the trade if the US Trade Representative (USTR) enforces its proposed 301 rule on Chinese-built ships.
Wallenius Wilhelmsen Reports Record-Breaking 2024
Shipping
March 21, 2025
From 
Mike Schuler
 via 
gCaptain

Wallenius Wilhelmsen Reports Record-Breaking 2024

Global shipping and logistics giant Wallenius Wilhelmsen delivered record financial results for 2024, with net profit reaching US $1.06 billion, marking a significant increase from $967 million in 2023. The...
Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet’
Shipping
March 21, 2025
From 
Reuters
 via 
gCaptain

Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet’

Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security sources.
DNV, Shipbuilding Giants Partner on Revolutionary Carbon Capture Technology for Marine Fuel Cells
Shipping
March 20, 2025
From 
Mike Schuler
 via 
gCaptain

DNV, Shipbuilding Giants Partner on Revolutionary Carbon Capture Technology for Marine Fuel Cells

International classification society DNV has joined forces with HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and HD Hydrogen to develop innovative carbon capture technology for marine applications. The Joint...
Lloyd’s Register Abandoning Modern HQ for Historic Homecoming
Shipping
March 20, 2025
From 
Bloomberg
 via 
gCaptain

Lloyd’s Register Abandoning Modern HQ for Historic Homecoming

Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago.
Russia and US to Discuss Black Sea Shipping on Monday
Shipping
March 20, 2025
From 
Reuters
 via 
gCaptain

Russia and US to Discuss Black Sea Shipping on Monday

Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said.
U.S. Treasury Sanctions Chinese ‘Teapot’ Refinery and Shadow Fleet in Major Iranian Oil Crackdown
Shipping
March 20, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Treasury Sanctions Chinese ‘Teapot’ Refinery and Shadow Fleet in Major Iranian Oil Crackdown

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has launched a sweeping enforcement action targeting a Chinese “teapot” refinery and multiple shipping companies involved in Iranian...
Hapag-Lloyd Posts 19% Lower Net Profit in 2024, to Cut Dividend
Shipping
March 20, 2025
From 
Reuters
 via 
gCaptain

Hapag-Lloyd Posts 19% Lower Net Profit in 2024, to Cut Dividend

Container shipping liner Hapag-Lloyd HLAG.DE on Thursday reported an 18.9% lower net profit for 2024 and proposed a 11.4% cut in its divided versus 2023, citing lower interest income and higher tax expenses.
Maritime Industry Warns USTR’s China Port Fees Could Sink U.S. Economy
Shipping
March 19, 2025
From 
Mike Schuler
 via 
gCaptain

Maritime Industry Warns USTR’s China Port Fees Could Sink U.S. Economy

Industry Leaders Sound Alarm: Proposed Tariffs on Chinese Ships Threaten Economic Shockwaves Across U.S. Trade Major maritime industry stakeholders are voicing strong opposition to the U.S. Trade Representative’s proposed Section...
European Shipping Commands 35% of Global Fleet, Critical for EU Security and Trade
Shipping
March 19, 2025
From 
Mike Schuler
 via 
gCaptain

European Shipping Commands 35% of Global Fleet, Critical for EU Security and Trade

European shipping has emerged as a crucial geopolitical asset for the European Union, controlling 35% of the world’s fleet despite the EU representing only 15% of global GDP, according to...
Israel-Hamas Ceasefire Ends, Heightening Maritime Security Risks in Red Sea and Gulf Regions
Shipping
March 18, 2025
From 
Mike Schuler
 via 
gCaptain

Israel-Hamas Ceasefire Ends, Heightening Maritime Security Risks in Red Sea and Gulf Regions

The Israel-Hamas ceasefire has officially ended on Tuesday, with Israel resuming offensive operations in the Gaza Strip, potentially escalating maritime security concerns across the Middle East. According to maritime security...
Crowley’s ‘American Energy’ Makes History as First US-Flagged LNG Carrier Serving Puerto Rico
Shipping
March 18, 2025
From 
Mike Schuler
 via 
gCaptain

Crowley’s ‘American Energy’ Makes History as First US-Flagged LNG Carrier Serving Puerto Rico

Crowley Maritime Corporation raised the U.S. flag today on the LNG carrier American Energy, marking a significant milestone as the first domestic vessel to transport U.S.-sourced liquefied natural gas to...