News from gCaptain
India Already Cutting Russian Oil Imports by 50% After US Talks, White House Official Says
The United States and India have held productive trade talks, and Indian refiners are already cutting Russian oil imports by 50%, a White House official told Reuters on Thursday.
Categories: Maritime News
Chinese Sanctions on Hanwha’s US Shipbuilding Units Aim to ‘Coerce’ South Korea, State Dept Says
Chinese sanctions imposed this week on U.S. affiliates of shipbuilder Hanwha Ocean 042660.KSaim to undermine South Korea-U.S. cooperation and "to coerce" Washington's Asian ally, a U.S. State Department spokesperson said on Friday.
Categories: Maritime News
Lloyd’s Register Unveils First Comprehensive Roadmap for Nuclear-Powered Commercial Shipping
Lloyd’s Register has published new guidance providing the maritime industry’s first detailed framework for integrating nuclear technology into commercial shipping and offshore operations, addressing regulatory gaps as the sector pursues...
Categories: Maritime News
‘Outraged’ Trump Tells Nations to ‘Vote No’ on Shipping’s Carbon Tax at IMO
President Donald Trump has issued a stark warning to nations supporting a global carbon tax on shipping, threatening economic retaliation as the International Maritime Organization votes on its Net-Zero Framework...
Categories: Maritime News
ABS Scales Cutting-Edge Immersive Maritime Training with Strategic Acquisition of MetaSHIP from Orka Informatics
Training at Sea Reimagined Using Game-Based Learning:ABS Launches Training Solutions to Meet Global Skills Demand In a landmark deal to deliver immersive, next-generation training at scale to the maritime industry,...
Categories: Maritime News
US, UK Ramp Up Pressure on India and China to Cut Russian Oil Imports
Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms.
Categories: Maritime News
Washington Moves to Weaken IMO Climate Plan with Last-Minute Rule Change
The US made a proposal at talks held by the global shipping regulator to introduce another step in adopting a charge on vessel emissions if countries vote for it this week, as Washington continues to oppose the planned new rules.
Categories: Maritime News
Baltic Exchange Launches New Canadian Crude Tanker Routes as Geopolitics Reshape Energy Trade
The Baltic Exchange has launched two new Aframax tanker benchmarks tracking Canadian crude exports to Asia, marking a direct response to shifting global trade dynamics and escalating geopolitical tensions. TD28...
Categories: Maritime News
Top Shipping Nation Greece Shies Away From Maritime Carbon Tax
Greece, home to the world’s second-largest merchant fleet, is walking back from supporting a global maritime carbon tax that has drawn backlash from Washington.
Categories: Maritime News
Service Boat Capsizes Near Scorpio-Managed Tanker Off Mozambique, Seven Missing
A service boat carrying crew members capsized alongside the Scorpio-managed oil/chemical tanker Sea Quest at the outer anchorage of Beira, Mozambique on Thursday, leaving seven people missing and multiple casualties....
Categories: Maritime News
Container Rates Snap 17-Week Losing Streak as Carriers Push Rate Increases
The Drewry World Container Index increased 2% to $1,687 per 40ft container this week, marking the first increase following 17 consecutive weeks of decline. Spot rates from Shanghai to Los...
Categories: Maritime News
Top US Admiral Visits Caribbean Nations Amid Venezuela Tensions
The head of the US Southern Command is visiting key Caribbean nations this week, as President Donald Trump’s administration surges forces into the region in a bid to hem in Venezuela.
Categories: Maritime News
China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos
China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling freight costs.
Categories: Maritime News
Iran’s Tanker Fleet Mysteriously Resumes Transparent AIS Transmissions After Seven-Year Blackout
Most Iranian-flagged tankers have begun transmitting properly over the Automatic Identification System (AIS) without spoofing for the first time in seven and a half years, according to TankerTrackers.com. The sudden...
Categories: Maritime News
California Governor Vetoes Port Emissions Bill Over Fiscal Concerns
California Governor Gavin Newsom has vetoed Senate Bill 34, legislation that would have imposed new requirements on the South Coast Air Quality Management District when regulating emissions from operations at...
Categories: Maritime News
NTSB Finds OceanGate’s Poor Design and Missed Damage Led to Titan Disaster
The National Transportation Safety Board has released its investigation report into the June 18, 2023, implosion of the submersible Titan, concluding that OceanGate’s inadequate engineering process and flawed analysis of...
Categories: Maritime News
UK Strikes at Russia’s Arctic LNG 2 Lifeline with Sanctions on China’s Beihai Terminal
The United Kingdom has sanctioned China’s Beihai LNG terminal as part of a comprehensive package targeting Russia’s energy sector and its international enablers, marking a significant escalation in Western efforts...
Categories: Maritime News
Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports
Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data.
Categories: Maritime News
CMA CGM Places Landmark Order for Six LNG-Powered Containerships in India
The CMA CGM Group has signed a letter of intent with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, to build six dual-fuel LNG containerships in India, marking the first...
Categories: Maritime News
Coast Guard’s Pacific Cocaine Haul Highlights Split Approach in Trump’s War on Narco-Terror
The U.S. Coast Guard announced it has seized more than 100,000 pounds of cocaine in the Eastern Pacific Ocean since launching Operation Pacific Viper in early August, averaging over 1,600...
Categories: Maritime News