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Geopolitical Volatility Fuels Surge in Tanker Rates October 9, 2024
With tensions in the Middle East ratcheting upward again, the tanker market is taking notice. In a weekly market opinion piece titled “Tankers in Turmoil” from New York-based broker Poten...
Barry Parker
UK Government Introduces New Employment Rights Bill to Strengthen Seafarer Protections October 9, 2024
The UK government has unveiled a draft Employment Rights Bill aimed at enhancing protections for seafarers, a move welcomed by UK-based maritime union Nautilus International. The bill, set to be...
Mike Schuler
Singapore Bunker Standards for Methanol, Ammonia Expected by 2025 October 9, 2024
SINGAPORE, Oct 9 (Reuters) – New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday. The world’s largest...
Reuters
Port of Montreal Dockworkers to Refuse Overtime Amid Stalled Labor Negotiations October 9, 2024
The Port of Montreal faces potential disruptions as longshore workers prepare to refuse overtime starting Thursday. This labor action, announced by the Canadian Union of Public Employees (CUPE) Local 375,...
Mike Schuler
Court Blocks Top Africa Port Deal as Maersk Contests Award October 9, 2024
(Bloomberg) — A South African court temporarily blocked a deal between the nation’s state-owned logistics firm and a company owned by Filipino billionaire Enrique Razon to expand and run sub-Saharan...
Bloomberg
ESL Shipping Orders Four Green Methanol-Fueled Baltic Bulkers October 9, 2024
Helsinki-based ESL Shipping, the Baltic region’s leading dry bulk carrier, has announced a major investment in four new fossil-free handysize vessels to run on green methanol. The €186 million project...
Mike Schuler
Port of Tampa Shuts Down: Will Hurricane Milton Push Biden To Sign Jones Act Waiver and Deploy Relief Ships? October 9, 2024
As Hurricane Milton barrels toward Florida’s west coast, the maritime community braces for a devastating blow. Maritime historian Sal Mercogliano‘s latest episode of What’s Going on With Shipping? outlines the unfolding crisis,...
GCaptain
MARAD Taps ABS to Establish U.S. Center for Maritime Innovation October 9, 2024
The Maritime Administration (MARAD) has chosen the American Bureau of Shipping (ABS) to establish and maintain the U.S. Center for Maritime Innovation as its secretariat. The decision, made through a...
Mike Schuler
Maersk and Hapag-Lloyd Confirm ‘Cape’ Route for Gemini Cooperation Launch October 9, 2024
Shipping giants Maersk and Hapag-Lloyd have announced their decision to utilize the Cape of Good Hope network for the launch of their “Gemini Cooperation” on February 1, 2025, underscoring the...
Mike Schuler
Black Sea War: Russia is Losing to Ukraine but Winning with China October 9, 2024
by Colin Flint (Utah State University) The ongoing conflict between Russia and Ukraine has played out largely on land and in the air. It is a bitterly contested, grueling ground...
GCaptain