Maritime News from gCaptain.com
Africa’s Largest Oil Refinery Ships First Cargo
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
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
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
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
(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
ILA and USMX to Resume Negotiations That Could Make or Break U.S. Supply Chains in 2025
The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have announced the resumption of Master Contract negotiations starting next month. The announcement comes on the heels of a...
Categories: Maritime News
Putin to Examine Black Sea Shipping Proposals From Turkey’s Erdogan
MOSCOW, Oct 25 (Reuters) – Russian President Vladimir Putin said his Turkish counterpart, Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents....
Categories: Maritime News
Port of Montreal Faces 24-Hour Strike: Economic Ripple Effects Expected Across Canada
The Canadian Longshoremen’s Union, CUPE Local 375, has announced a 24-hour strike at the Port of Montreal, the latest labor action in an on-going labor dispute with employers represented by...
Categories: Maritime News
U.S. Sanctions Force Temporary Shutdown of Russia’s Arctic LNG 2 Project
By Malte Humpert (gCaptain) – Western sanctions appear to have forced the shutdown of Russia’s flagship liquefied gas project, Arctic LNG 2, for the winter months. According to industry sources...
Categories: Maritime News
Foreign Shipping Companies Reach $102 Million Settlement With DOJ Over Baltimore Bridge Collapse
Singapore-based companies Grace Ocean Private Limited and Synergy Marine Private Limited, the owner and operator of the M/V DALI, have agreed to a $101,980,000 settlement with the U.S. government to...
Categories: Maritime News
After Veto, Maritime Industry Turns to EPA to Reject California’s Controversial Commercial Harbor Craft Rule
The American Waterways Operators (AWO) and several maritime labor unions have jointly petitioned the U.S. Environmental Protection Agency (EPA) to deny California’s request for a Clean Air Act waiver, which...
Categories: Maritime News
Hapag-Lloyd Joins Maersk with Major Earnings Upgrade as Red Sea Chaos Reshapes Shipping
Hapag-Lloyd has followed in the footsteps of its future Gemini Cooperation partner Maersk with an upward revision of its earnings outlook for 2024, driven by stronger-than-expected demand and improved freight...
Categories: Maritime News
U.S. Navy Awards NASSCO $6.7 Billion Contract for John Lewis-Class Fleet Replenishment Oilers
General Dynamics NASSCO has secured a significant contract from the U.S. Navy for the construction of up to eight additional John Lewis-class fleet replenishment oilers. The deal, potentially worth over...
Categories: Maritime News
Panama Canal Unveils Strategies to Combat El Niño-Induced Drought
The Panama Canal Authority has been implementing new economic and operational strategies to address water scarcity challenges posed by the 2023-2024 El Niño. At the 2025 Investors Forum, organized by...
Categories: Maritime News
Gulf of Mexico Oil Industry Reawakens After Francine Shut-Ins
By Marianna Parraga and Georgina McCartney HOUSTON, Sept 13 (Reuters) – U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the...
Categories: Maritime News
Russian Missile Strike on Civilian Ship in Black Sea Escalates Maritime Tensions
A Russian-launched missile strike on a civilian bulk carrier in the Black Sea this week marks the first direct attack on a merchant vessel in the region since November 2023...
Categories: Maritime News
Container Spot Rates Continue to Tumble as Peak Season Comes to Early End
By Gavin van Marle (The Loadstar) – Spot freight rates on every major container lane continued to tumble over the past week as demand remained flat, while a possible short-term pre-Golden...
Categories: Maritime News
Mitsui O.S.K. Lines and Chevron to Launch World’s First Wind-Assisted LNG Carrier
Mitsui O.S.K. Lines, Ltd. (MOL) and Chevron Shipping Company LLC have announced plans to install the Wind Challenger, a hard sail wind-assisted propulsion system, on a new LNG carrier. The...
Categories: Maritime News
‘SS United States’ Owner Files Urgent Motion Against Pier Operator, Alleging Misconduct and Obstruction
The SS United States Conservancy has filed an urgent motion in the U.S. District Court for Eastern Pennsylvania, accusing Penn Warehousing & Distribution, the pier operator and landlord of the...
Categories: Maritime News
Oil Tanker Breakaway and Grounding Exposes Critical Gaps in Emergency Management
An Australian Transport Safety Bureau (ATSB) investigation into the February 2022 grounding of an oil tanker in the Brisbane River has revealed significant shortcomings in emergency and risk management procedures....
Categories: Maritime News