Maritime News from gCaptain.com
Top Shipping Nation Greece Shies Away From Maritime Carbon Tax
Greece, home to the world’s second-largest merchant fleet, is walking back from supporting a global maritime carbon tax that has drawn backlash from Washington.
Categories: Maritime News
Service Boat Capsizes Near Scorpio-Managed Tanker Off Mozambique, Seven Missing
A service boat carrying crew members capsized alongside the Scorpio-managed oil/chemical tanker Sea Quest at the outer anchorage of Beira, Mozambique on Thursday, leaving seven people missing and multiple casualties....
Categories: Maritime News
Container Rates Snap 17-Week Losing Streak as Carriers Push Rate Increases
The Drewry World Container Index increased 2% to $1,687 per 40ft container this week, marking the first increase following 17 consecutive weeks of decline. Spot rates from Shanghai to Los...
Categories: Maritime News
Top US Admiral Visits Caribbean Nations Amid Venezuela Tensions
The head of the US Southern Command is visiting key Caribbean nations this week, as President Donald Trump’s administration surges forces into the region in a bid to hem in Venezuela.
Categories: Maritime News
China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos
China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling freight costs.
Categories: Maritime News
Iran’s Tanker Fleet Mysteriously Resumes Transparent AIS Transmissions After Seven-Year Blackout
Most Iranian-flagged tankers have begun transmitting properly over the Automatic Identification System (AIS) without spoofing for the first time in seven and a half years, according to TankerTrackers.com. The sudden...
Categories: Maritime News
California Governor Vetoes Port Emissions Bill Over Fiscal Concerns
California Governor Gavin Newsom has vetoed Senate Bill 34, legislation that would have imposed new requirements on the South Coast Air Quality Management District when regulating emissions from operations at...
Categories: Maritime News
NTSB Finds OceanGate’s Poor Design and Missed Damage Led to Titan Disaster
The National Transportation Safety Board has released its investigation report into the June 18, 2023, implosion of the submersible Titan, concluding that OceanGate’s inadequate engineering process and flawed analysis of...
Categories: Maritime News
UK Strikes at Russia’s Arctic LNG 2 Lifeline with Sanctions on China’s Beihai Terminal
The United Kingdom has sanctioned China’s Beihai LNG terminal as part of a comprehensive package targeting Russia’s energy sector and its international enablers, marking a significant escalation in Western efforts...
Categories: Maritime News
Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports
Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data.
Categories: Maritime News
CMA CGM Places Landmark Order for Six LNG-Powered Containerships in India
The CMA CGM Group has signed a letter of intent with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, to build six dual-fuel LNG containerships in India, marking the first...
Categories: Maritime News
Coast Guard’s Pacific Cocaine Haul Highlights Split Approach in Trump’s War on Narco-Terror
The U.S. Coast Guard announced it has seized more than 100,000 pounds of cocaine in the Eastern Pacific Ocean since launching Operation Pacific Viper in early August, averaging over 1,600...
Categories: Maritime News
Wall Street Journal Editorial Board Condemns IMO Carbon Tax as ‘Taxation Without Representation’
As the International Maritime Organization convenes this week to vote on its Net-Zero Framework, the Wall Street Journal Editorial Board has issued a sharp rebuke of what it characterizes as...
Categories: Maritime News
UK Targets Russian Oil Giants with Sweeping Sanctions Package
The United Kingdom announced 90 new sanctions targeting Russia’s energy sector, directly hitting oil giants Rosneft and Lukoil in an effort to cut off funding for the Kremlin’s military operations...
Categories: Maritime News
Bespoke Research Vessel Now Under Construction for Cape Fear Community College in the US
A new, bespoke 26-metre research vessel designed by global digital shipbuilder Incat Crowther for the Cape Fear Community College (CFCC) in Wilmington, North Carolina, USA is now under construction at...
Categories: Maritime News
Cargoship ‘Thamesborg’ Departs Arctic Northwest Passage After Refloat, Concluding Six-Week Rescue Operation
Around six weeks after running aground in Canada’s Arctic waters Dutch cargo vessel Thamesborg and its icebreaker and tug escort have left the waters of the Northwest Passage. The convoy is traveling southward in Baffin Bay towards the Davis Strait and will leave Arctic waters in the next few days.
Categories: Maritime News