News from gCaptain

By Arathy Somasekhar, Georgina McCartney and Trixie Yap HOUSTON/SINGAPORE, June 6 (Reuters) – Over half a dozen U.S.-loaded ethane vessels, originally bound for China, have stalled around the U.S. Gulf Coast after Washington requested U.S. exporters...

By Lori Ann LaRocco – Global insurer Allianz Commercial warns the Morning Midas fire is the latest example of an underling safety problem facing seafarers. Captain Rahul Khanna, Global Head of Marine...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sweeping sanctions against an Iranian shadow banking network, targeting over 30 individuals and entities linked to...

Container spot freight rates on the transpacific and Asia-Europe trades saw a massive jump this week, as a series of 1 June general rate increases (GRIs) took effect and held for the remainder of the week.

Much of the historic Strand District in Galveston, Texas, is about as tacky as it comes. The 19th-century buildings that line its streets are packed with tequila-shot bars, beach shops and souvenir stands.

A Coast Guard C-130J Super Hercules aircrew conducted an overflight of the burning car carrier Morning Midas on Wednesday morning, revealing the fire has spread to multiple decks and the...

The Transport Accident Investigation Commission (TAIC) of New Zealand has called for legislative changes to ban substandard ships from the country’s waters following a series of incidents involving the containership...

North Korea has launched a warship that was damaged in May upon its attempted first launch, state media KCNA reported on Friday. After restoring the balance of the 5,000-tonne destroyer earlier in June, it was launched on Thursday and is now moored at a pier, KCNA said.

Department of Homeland Security Secretary Kristi Noem announced today the cancellation of a delayed Legend-class National Security Cutter contract with Huntington Ingalls Industries (HII), resulting in $260 million in taxpayer...

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand underpinning the surge is moderating, financial analysts and maritime consultants said.

The U.S. Department of Justice has filed criminal charges against former ship captain John Merrone for allegedly drugging and sexually assaulting a U.S. Merchant Marine Academy cadet aboard the American-flagged...

Zodiac Maritime has appointed Resolve Marine to lead salvage operations for the vehicle carrier Morning Midas, which continues to burn approximately 300 miles south of Adak, Alaska. The incident began...

Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.

Global container shipping rates have seen a dramatic upturn, with Drewry’s World Container Index climbing 41% this week to reach $3,527 per 40ft container. This increase stems from President Trump’s...

A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter.

The U.S. Coast Guard is coordinating response efforts after a fire broke out aboard the vehicle carrier Morning Midas approximately 300 miles south of Adak, Alaska. The response began when...

The National Transportation Safety Board (NTSB) has released its findings on the capsizing and sinking of the towing vessel Baylor J. Tregre near Galveston, Texas, which occurred on May 13,...

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil fuel importer.

The U.S. Coast Guard has marked a significant milestone in its Arctic capabilities with the maiden voyage of its newest icebreaker, USCGC Storis (WAGB 21), departing from Pascagoula, Mississippi. The...