Maritime News from

The Planet Keeps Breaking Records For Warming Waters

News from gCaptain - Sat, 04/22/2023 - 06:35
By Siobhan Wagner (Bloomberg) –Earth broke grim new records for melting glaciers, rising sea levels and ocean heat last year, according to a new report from the World Meteorological Organization.  The WMO’s annual State of...
Categories: Maritime News

China’s Plan For Taiwan Invasion Is Not A Secret

News from gCaptain - Sat, 04/22/2023 - 06:32
by James Stavridis (Bloomberg) As increasing tensions between China and the US roil international relations, I am often asked a deceptively simple question: “What would a war over Taiwan look...
Categories: Maritime News

Latvia Releases Russian Fertilizer As U.N. Looks To Save Ukraine Grains Deal

News from gCaptain - Sat, 04/22/2023 - 05:41
VILNIUS, April 22 (Reuters) – A first batch of Russian fertilizer which Latvia seized last year is being shipped to Kenya by the United Nations’ World Food Programme, Latvia’s Foreign Ministry said...
Categories: Maritime News

Ship-to-Ship Transfers of US Crude to Impact Global Oil Benchmark Pricing

News from gCaptain - Fri, 04/21/2023 - 15:18
By Sherry Su and Sharon Cho (Bloomberg) — US crude transferred from bigger to smaller tankers will contribute to pricing of the world’s most important oil benchmark, removing what traders saw...
Categories: Maritime News

US Department of Energy to Clamp Down on LNG Export Project Extensions

News from gCaptain - Fri, 04/21/2023 - 15:07
WASHINGTON, April 21 (Reuters) – The U.S. Department of Energy on Friday announced it will change how it approves requests by companies to push back start dates for liquefied natural gas (LNG)...
Categories: Maritime News

Euronav Shareholders Vote on Board Shake-Up After Merger Termination

News from gCaptain - Thu, 03/23/2023 - 14:40
In the wake of the failed merger between Frontline and Euronav (NYSE: EURN & Euronext: EURN), European shareholders of the Belgian tanker company have followed the company’s recommendations in a...
Categories: Maritime News

FuelEU Maritime Marks the ‘Beginning of the End’ for Dirty Fuels in Shipping

News from gCaptain - Thu, 03/23/2023 - 13:02
By Nick Savvides (The Loadstar) – Shipping, forwarding and environmental groups have welcomed the world’s first law requiring ships to use sustainable fuel. Following agreement by the European Parliament and Council...
Categories: Maritime News

Ministers Seek to Combat Organized Crime in Global Fisheries

News from gCaptain - Thu, 03/23/2023 - 11:17
By Louise Rasmussen COPENHAGEN, March 23 (Reuters) – Organised crime in the fisheries industry that endangers stocks, exploits labour and robs states of billions of dollars must be fought with cross-border surveillance...
Categories: Maritime News

FMC Launches Campaign to Ensure Compliance with Regulations on Per-Diem Detention Charges

News from gCaptain - Thu, 03/23/2023 - 10:44
Following a landmark decision made by the commission in December of last year, the Federal Maritime Commission (FMC) has launched an active campaign to ensure that ocean carriers and marine...
Categories: Maritime News

Crystal Cruises Left Passengers Out $100 Million. Can That Same Debt Win Them Back?

News from gCaptain - Thu, 03/23/2023 - 10:27
By Fran Golden (Bloomberg) — When Genting Hong Kong’s American luxury line Crystal Cruises shutdown suddenly in February last year it left consumers and travel agents out to dry on more than $100 million in bookings....
Categories: Maritime News

FuelEU Maritime: EU Takes Major Step Toward Decarbonizing Maritime Transport

News from gCaptain - Thu, 03/23/2023 - 10:04
The European Commission has announced an agreement between the European Parliament and the Council to bolster the maritime transport sector’s contribution toward achieving the EU’s climate goals. The accord aims...
Categories: Maritime News

Global Goods Trade Softening from 2022’s Record Level

News from gCaptain - Thu, 03/23/2023 - 07:14
By Bryce Baschuk (Bloomberg) — International commerce soared to a record of $32 trillion in 2022, but goods trade growth is expected to increase by only 1% in the first quarter...
Categories: Maritime News

‘Shadow’ Tanker Fleet Raises Risk of Accidents

News from gCaptain - Thu, 03/23/2023 - 07:11
By Jonathan Saul LONDON, March 23 (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is...
Categories: Maritime News

ABS Advances Shipboard Carbon Capture Project

News from gCaptain - Wed, 03/22/2023 - 16:08
Shipboard carbon capture is one of the latest solutions being considered by the global shipping industry to reduce greenhouse gas emissions. Now, a project aiming to demonstrate the feasibility of...
Categories: Maritime News

Shipping Industry Groups to Tackle Crucial Safety Issues in Cargo Transport

News from gCaptain - Wed, 03/22/2023 - 14:38
Five major organizations involved in global cargo transport have joined forces to create a framework for cooperation that will enhance safety during the movement and handling of goods that have...
Categories: Maritime News

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio -Report

News from gCaptain - Wed, 03/22/2023 - 13:52
March 22 (Reuters) – UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday. UBS...
Categories: Maritime News

Deep Sea Mining Loses its Biggest Corporate Backer

News from gCaptain - Wed, 03/22/2023 - 13:19
By Todd Woody (Bloomberg) — A growing number of countries are calling to delay plans to strip-mine the seabed for metals to make electric car batteries as US defense giant Lockheed Martin Corp.,...
Categories: Maritime News
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