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Container Rates Snap 17-Week Losing Streak as Carriers Push Rate Increases October 16, 2025
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...
Mike Schuler
Top US Admiral Visits Caribbean Nations Amid Venezuela Tensions October 16, 2025
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.
Bloomberg
Bessent Says US Expects Japan to Stop Buying Russian Energy October 16, 2025
U.S. Treasury Secretary Scott Bessent said on Wednesday that he told Japanese Finance Minister Katsunobu Kato that the Trump administration expects Japan to stop importing Russian energy.
Reuters
China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos October 16, 2025
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.
Bloomberg
Iran’s Tanker Fleet Mysteriously Resumes Transparent AIS Transmissions After Seven-Year Blackout October 15, 2025
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...
Mike Schuler
California Governor Vetoes Port Emissions Bill Over Fiscal Concerns October 15, 2025
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...
Mike Schuler
NTSB Finds OceanGate’s Poor Design and Missed Damage Led to Titan Disaster October 15, 2025
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...
Mike Schuler
UK Strikes at Russia’s Arctic LNG 2 Lifeline with Sanctions on China’s Beihai Terminal October 15, 2025
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...
Mike Schuler
Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports October 15, 2025
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.
Reuters
CMA CGM Places Landmark Order for Six LNG-Powered Containerships in India October 15, 2025
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...
Mike Schuler