Maritime News from

Maersk Shares Hammered as Red Sea Boost Masks Overcapacity

News from gCaptain - 3 hours 53 min ago
By Christian Wienberg and Sanne Wass (Bloomberg) — A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the current...
Categories: Maritime News

Maersk’s Profit Warning Amid Shipping Overcapacity and Red Sea Disruptions

News from gCaptain - 4 hours 4 min ago
By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn’t see a major boost from the jump...
Categories: Maritime News

Congressman Makes Urgent Call for U.S. Sealift Capacity Expansion to Counter China

News from gCaptain - Wed, 02/07/2024 - 15:12
Republican Congressman Mike Gallagher (R-WI), the Chairman of the House Select Committee on the Chinese Communist Party, is sounding the alarm on the United States’ “woefully inadequate” sealift fleet capacity...
Categories: Maritime News

Panama Canal Expected to Maintain Current Transit Levels Through Dry Season

News from gCaptain - Wed, 02/07/2024 - 13:15
By Elida Moreno PANAMA CITY, Feb 7 (Reuters) – The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at...
Categories: Maritime News

HMS Richmond Takes Over for HMS Diamond in Red Sea’s Operation Prosperity Guardian

News from gCaptain - Wed, 02/07/2024 - 12:08
As tensions in the Red Sea continue to escalate due to Houthi attacks on commercial vessels, the Royal Navy warship HMS Richmond is stepping in to replace HMS Diamond. The...
Categories: Maritime News

NTSB Investigation Reveals Probable Cause of ‘Carib Trader II’ Sinking

News from gCaptain - Wed, 02/07/2024 - 10:47
The National Transportation Safety Board (NTSB) has issued its investigation report into the sinking of the Carib Trader II during a dead ship tow from the Port of Miami to...
Categories: Maritime News

Marine Insurers Continue to Support Red Sea and Black Sea Trade Despite Challenges

News from gCaptain - Wed, 02/07/2024 - 09:46
The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in the Red Sea and the Ukraine/Black...
Categories: Maritime News

Orsted Cuts Investment, Capacity Targets in Offshore Wind Revamp

News from gCaptain - Wed, 02/07/2024 - 09:27
COPENHAGEN, Feb 7 (Reuters) – Orsted, the world’s biggest offshore wind farm developer, trimmed its investment and capacity targets on Wednesday and paused dividend payouts as part of a major review. The Danish company...
Categories: Maritime News

G-7 Aiming to Force Russian Oil Away From Shadow Fleet, UK Official Says

News from gCaptain - Wed, 02/07/2024 - 09:14
(Bloomberg) — A UK official said that Group of Seven nations are aiming to curb Russia’s ability to use a vast shadow fleet of tankers to deliver its oil, the...
Categories: Maritime News

US, UK Ship Investors Hit by Soaring Red Sea Insurance

News from gCaptain - Wed, 02/07/2024 - 09:10
LONDON, Feb 7 (Reuters) – War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some...
Categories: Maritime News

New Report Sheds Light on Rapid Expansion of Arctic Shipping

News from gCaptain - Wed, 02/07/2024 - 08:17
A new 10-year report by the Arctic Council’s Working Group on the Protection of the Arctic Marine Environment (PAME) highlights a substantial increase in shipping across the Arctic Ocean.  The...
Categories: Maritime News

Austal USA Kicks Off Major Shipyard Expansion

News from gCaptain - Tue, 02/06/2024 - 20:44
Austal USA has kicked off plans to construct a new manufacturing facility, marking a significant expansion of its shipyard capacity in Mobile, Alabama in support of U.S. Navy and Coast...
Categories: Maritime News

Tanker Hit After US Warship Downs ‘Inbound’ Drone

News from gCaptain - Sat, 12/23/2023 - 19:35
by John Konrad (gCaptain) Action in the Red Sea has reignited. A report by US Central Command says the navy, operating as part of Operation Prosperity Guardian, successfully intercepted four...
Categories: Maritime News

Iran Dismisses US Intelligence Tying It To Red Sea Attacks

News from gCaptain - Sat, 12/23/2023 - 16:36
By Arsalan Shahla Dec 23, 2023 (Bloomberg) –Iran’s foreign minister denied that his country is helping Yemen’s Houthi rebels attack commercial ships traveling through the Red Sea, warning the waterway won’t...
Categories: Maritime News

US Claims Huge Chunk of Seabed Amid Strategic Push For Resources

News from gCaptain - Sat, 12/23/2023 - 13:30
By Danielle Bochove (Bloomberg) –The US extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when...
Categories: Maritime News

Iran Threatens Strait of Gibraltar Closure Without Saying How

News from gCaptain - Sat, 12/23/2023 - 09:01
Dec 23 (Reuters) – An Iranian Revolutionary Guards commander said the Mediterranean Sea could be closed if the United States and its allies continued to commit “crimes” in Gaza, Iranian media reported...
Categories: Maritime News

Israeli-Linked Ship Struck By Drone in Arabian Sea

News from gCaptain - Sat, 12/23/2023 - 08:57
NEW DELHI, Dec 23 (Reuters) – An Israel-affiliated merchant vessel was struck by an uncrewed aerial vehicle off India’s west coast, British maritime security firm Ambrey said on Saturday, in the first...
Categories: Maritime News

UK SHIP ALERT – Drone Strikes Spread To India

News from gCaptain - Sat, 12/23/2023 - 06:35
UPDATE: The Economic Times is reporting the ship attacked was the Liberian-flagged chemical tanker MV Chem Pluto by John Konrad (gCaptain) Bloomberg is reporting that a ship has been attacked...
Categories: Maritime News

Here’s How NCIS Captured Fat Leonard (again)

News from gCaptain - Fri, 12/22/2023 - 18:15
By Nick Wadhams (Bloomberg) The Biden administration heralded a prisoner swap with Venezuela on Wednesday as a diplomatic breakthrough between two adversaries. But the big prize was a defense contractor nicknamed...
Categories: Maritime News

White House Accuses Iran of Helping Houthi Target Ships

News from gCaptain - Fri, 12/22/2023 - 17:49
by Steve Holland (Reuters) – Iran was “deeply involved” in planning operations against commercial vessels in the Red Sea and its intelligence was critical to enable Yemen’s Houthi movement to target ships, the...
Categories: Maritime News
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