Maritime News from gCaptain.com

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...

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...

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...

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...

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...

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...

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...

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...

(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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...