By Julian Lee Apr 4, 2025 (Bloomberg) –Three Greek oil tankers are going on detours of thousands of miles to deliver crude from Russia’s Baltic Sea to customers in Asia. The…
https://gcaptain.com/greek-ships-go-thousands-of-miles-further-to-deliver-russian-oil/
CAIRO, Feb 19 (Reuters) – Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators…
Global marine fuel sales jumped in 2024 after attacks by Yemen’s Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts.
https://gcaptain.com/global-marine-fuel-sales-jump-in-2024-on-red-sea-diversions/
South Africa has significantly enhanced its maritime environmental protection measures with President Cyril Ramaphosa signing into law the Marine Pollution Amendment Bill, a move that comes at a crucial time…
PARIS, Jan 25 (Reuters) – French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and…
https://gcaptain.com/french-shipping-giant-cma-cgm-to-keep-avoiding-red-sea/
Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is not imminent.
https://gcaptain.com/shipping-giant-msc-says-it-will-keep-avoiding-red-sea-for-now/
The container shipping industry dodged a potential overcapacity crisis in 2024, thanks to an unexpected savior: the Red Sea crisis that forced vessels to take longer routes around Africa’s Cape…
https://gcaptain.com/red-sea-diversions-helped-container-shipping-dodge-overcapacity-crisis/
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.
https://gcaptain.com/red-sea-diversions-cost-egypt-7-billion-in-lost-canal-revenue/
Hapag-Lloyd expects lower profitability in the fourth quarter but still at a “good level”, after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.
https://gcaptain.com/hapag-lloyd-expects-lower-profitability-in-fourth-quarter/
Pressure from customers has apparently caused French mainline operator CMA CGM to u-turn on plans to operate its INDAMEX (Indian Subcontinent-US East Coast) service through the Suez Canal, just weeks after announcing it.
https://gcaptain.com/cma-cgm-bends-to-customer-pressure-re-routes-indamex-service-back-around-cape/