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Articles

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.

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...

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.

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...

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.

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.

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...

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.

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...

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...

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...

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...