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Bulk Carrier Owner Fined After Ignoring AMSA Safety Order
Shipping
March 17, 2025
From 
Mike Schuler
 via 
gCaptain

Bulk Carrier Owner Fined After Ignoring AMSA Safety Order

The Australian Maritime Safety Authority (AMSA) has secured a legal victory after the Gladstone Magistrates Court fined Universal Shipping Alliance Ltd AUD $63,000 for failing to comply with a safety...
Australia’s Woodside Secures 15-Year LNG Supply Agreement with China
Shipping
March 17, 2025
From 
Mike Schuler
 via 
gCaptain

Australia’s Woodside Secures 15-Year LNG Supply Agreement with China

Australian energy giant Woodside has finalized a significant long-term LNG supply agreement with China Resources Gas International Limited, marking its first standalone long-term sale agreement with a Chinese customer. The...
ICS and CMI Launch Maritime Treaty Campaign to Combat Global Regulatory Gaps
Shipping
March 17, 2025
From 
Mike Schuler
 via 
gCaptain

ICS and CMI Launch Maritime Treaty Campaign to Combat Global Regulatory Gaps

The International Chamber of Shipping (ICS) and Comité Maritime International (CMI) have launched an updated campaign aimed at accelerating the ratification of critical maritime treaties, addressing growing concerns over regulatory...
Trump Issues Stark Warning to Iran Over Houthi Attacks, Threatens ‘Dire Consequences’
Shipping
March 17, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Issues Stark Warning to Iran Over Houthi Attacks, Threatens ‘Dire Consequences’

In a strongly-worded statement issued Monday, President Donald Trump warned Iran would face severe consequences for its role in Houthi attacks in the Red Sea region. “Every shot fired by...
Argentina Government OKs Stimulus For YPF Pipeline Project
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March 16, 2025
From 
Reuters
 via 
gCaptain

Argentina Government OKs Stimulus For YPF Pipeline Project

BUENOS AIRES, March 14 (Reuters) – Argentina has allowed state oil firm YPF to join a stimulus program unlocking government funds for a pipeline project from the massive Vaca Muerta shale formation to a...
China Ramps Up Criticism Of BlackRock Ports Deal
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March 16, 2025
From 
Bloomberg
 via 
gCaptain

China Ramps Up Criticism Of BlackRock Ports Deal

By Angus Whitley Mar 16, 2025 (Bloomberg) –Chinese authorities increased pressure on CK Hutchison Holdings Ltd. over its plan to sell its Panama ports stake by sharing a second newspaper commentary...
Russian Oil Delivery Takes Seven Times Longer After Sanctions
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March 14, 2025
From 
Bloomberg
 via 
gCaptain

Russian Oil Delivery Takes Seven Times Longer After Sanctions

The delivery of a two-million-barrel cargo of Russian oil to China took seven times longer than it would have done prior to a round of US sanctions imposed on Moscow back in January.
FMC Launches Investigation into Global Maritime Chokepoints Amid Rising Shipping Disruptions
Shipping
March 14, 2025
From 
Mike Schuler
 via 
gCaptain

FMC Launches Investigation into Global Maritime Chokepoints Amid Rising Shipping Disruptions

The U.S. Federal Maritime Commission (FMC) has initiated a comprehensive investigation into seven critical maritime chokepoints that are significantly impacting global shipping. The investigation, designated as FMC-2025-0005, will examine transit...
Steel Buyers Enter Tariff Era as Ships Rerouted, Trucks Halted
Shipping
March 14, 2025
From 
Bloomberg
 via 
gCaptain

Steel Buyers Enter Tariff Era as Ships Rerouted, Trucks Halted

An ocean freighter from India pulled into the bustling Port of Tampa Bay Tuesday loaded with hundreds of tons of aluminum destined for multiple US stops. Abruptly, the entire shipment was ordered to be unloaded then and there.
Dry Bulk Newbuilding Orders Hit 30-Year Low Amid Market Uncertainty
Shipping
March 14, 2025
From 
Mike Schuler
 via 
gCaptain

Dry Bulk Newbuilding Orders Hit 30-Year Low Amid Market Uncertainty

Dry bulk vessel orders have collapsed to their lowest level in three decades, with newbuilding contracting plummeting 92% year-over-year in the first two months of 2025, industry association BIMCO reported...
Baltic Index Logs Fourth Straight Weekly Gain
Shipping
March 14, 2025
From 
Reuters
 via 
gCaptain

Baltic Index Logs Fourth Straight Weekly Gain

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a 17-week peak on Friday and posted a fourth straight weekly gain, as rates firmed for all segments.
Beijing Slams CK Hutchison’s $22.8 Billion Port Sale to BlackRock as ‘Betrayal’ to China
Shipping
March 14, 2025
From 
Reuters
 via 
gCaptain

Beijing Slams CK Hutchison’s $22.8 Billion Port Sale to BlackRock as ‘Betrayal’ to China

China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.