Maritime News from gCaptain.com
The Planet Keeps Breaking Records For Warming Waters
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
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
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
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
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
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
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
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
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?
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
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
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
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
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
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
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
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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