Fishing Feeds & News

CMA CGM’s Stellar Q3: Revenue Soars Amid Red Sea Rerouting and Market Resurgence

News from gCaptain - Fri, 11/08/2024 - 11:29
French shipping giant CMA CGM has posted impressive third-quarter results for 2024, reporting $15.8 billion in revenue—a notable 38.5% increase from Q3 2023—driven by strong demand in shipping combined with...
Categories: Maritime News

Trump Comeback Means Reckoning for China as It Draws Up Stimulus

News from gCaptain - Fri, 11/08/2024 - 10:16
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
Categories: Maritime News

From Iconic Ocean Liner to Artificial Reef: SS United States to Set Sail on Final Journey

News from gCaptain - Fri, 11/08/2024 - 10:08
The iconic SS United States, once the pride of America’s maritime fleet, is embarking on its final voyage – not across the Atlantic, but towards a new life as the...
Categories: Maritime News

Maritime Institute Announces Acquisition of Compass Courses

News from gCaptain - Fri, 11/08/2024 - 10:07
Training Resources Limited, DBA Maritime Institute (“MI”) today  announced that it will be acquiring Edmonds, WA based Set Your Compass Course, LLC, DBA Compass  Courses (“Compass”) and starting training programs...
Categories: Maritime News

NexusWave: Connected confidence for seamless maritime communications 

News from gCaptain - Fri, 11/08/2024 - 09:43
Driven by sustainability, crew-welfare, and cost imperatives, the acceleration of digitalisation in the maritime and offshore sectors has led to a surge in demand for connectivity at sea – with...
Categories: Maritime News

Montreal Port Employers Threaten Shutdown After ‘Final Offer’

News from gCaptain - Fri, 11/08/2024 - 09:02
Nov 8 (Reuters) – Port of Montreal terminal operators have threatened to shut down most operations as of Sunday after providing a “final, comprehensive offer” to the longshore union. If the Canadian Union of...
Categories: Maritime News

U.S. Container Imports Surge Expected as Shippers Brace for Potential Port Strike and Tariff Hikes

News from gCaptain - Fri, 11/08/2024 - 08:56
Import volumes at major U.S. container ports are projected to be higher than previously expected for the remainder of the year as retailers grapple with the looming threat of another...
Categories: Maritime News

Potential Trump Tariffs Spark Supply Chain Upheaval

News from gCaptain - Fri, 11/08/2024 - 08:28
With the specter of renewed Trump-era tariffs looming large over global supply chains, industries are already strategizing how to shield their supply chains from potential disruption. President-Elect Donald Trump has...
Categories: Maritime News

Van Oord Dredger’s Four Dutch Crew Face Charges Over Singapore Collision and Oil Spill

News from gCaptain - Fri, 11/08/2024 - 08:04
Four crew members of the Netherlands-flagged dredger Vox Maxima are facing charges for their alleged role in causing Singapore’s worst oil spill in a decade. The incident, which occurred on...
Categories: Maritime News

Asia-Europe Container Spot Rates Surge – What’s Fueling the Off-Season Spike?

News from gCaptain - Fri, 11/08/2024 - 07:51
By Gavin van Marle (The Loadstar) – Despite generally weak cargo demand, spot rates on the Asia-Europe trades continued to show gains this week, as carrier capacity management combined with port...
Categories: Maritime News

Philippine President Signs New Laws to Assert South China Sea Rights, Draws China Ire

News from gCaptain - Fri, 11/08/2024 - 07:38
MANILA, Nov 8 (Reuters) – Philippine President Ferdinand Marcos Jr signed two laws on Friday aimed at strengthening the country’s maritime claims and bolstering its territorial integrity, as tensions with China over disputed areas...
Categories: Maritime News

Asia’s Premier Offshore Energy Event OSEA 2024 Sets The Scene For Offshore Landscape And Market Transformation

News from gCaptain - Fri, 11/08/2024 - 04:27
OSEA, Asia’s premier offshore energy event, is set to take place between 19 to 21 November 2024 at Marina Bay Sands Singapore, leading discussions in the offshore industry on decarbonisation,...
Categories: Maritime News

Africa’s Largest Oil Refinery Ships First Cargo

News from gCaptain - Sat, 10/26/2024 - 06:47
By Prejula Prem (Bloomberg) Nigeria’s Dangote refinery, larger than any other in Africa or Europe, has shipped its first seaborne gasoline cargo as a vital fuel-producing unit continues to ramp up....
Categories: Maritime News

Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships

News from gCaptain - Fri, 10/25/2024 - 13:33
By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe...
Categories: Maritime News

Judge Approves Shipping Companies’ $102M Settlement Over Baltimore Bridge Disaster

News from gCaptain - Fri, 10/25/2024 - 11:09
WASHINGTON, Oct 25 (Reuters) – A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in...
Categories: Maritime News

EU Naval Operation Warns of New Somali Piracy Threat as Armed Gang Set Sail Towards Indian Ocean

News from gCaptain - Fri, 10/25/2024 - 10:57
The EU Naval Force’s counter-piracy mission Operation ATALANTA has issued a stark warning about the resurgence of Somali piracy after a pirate action group was observed this week departing from...
Categories: Maritime News

The Mississippi River is Drying Up Again—And the Timing Could Not Be Worse

News from gCaptain - Fri, 10/25/2024 - 09:40
(Bloomberg) — The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their...
Categories: Maritime News
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