Washington State Ferries (WSF) has terminated the sale agreements for two decommissioned vessels, the Elwha and Klahowya, due to the buyer’s failure to meet contractual obligations. The decision comes after…
Shipping
Potential Port Strike Looms as U.S. Container Ports Brace for Busy September
U.S. container ports are anticipating a surge in volumes this month as retailers prepare for the holiday season amid concerns of a possible labor strike at East Coast and Gulf…
https://gcaptain.com/potential-port-strike-looms-as-u-s-container-ports-brace-for-busy-september/
Höegh Autoliners Sells Older Vessel for $60 Million in Red-Hot RoRo Market
Oslo-based Höegh Autoliners ASA has announced the sale of its vessel Höegh New York for $60.6 million, as part of its fleet optimization strategy. The 6,500 CEU vessel, built in…
https://gcaptain.com/hoegh-autoliners-sells-older-vessel-for-60-million-in-red-hot-roro-market/
Sanctioned Russian Gas Plant Sends Cargo to Asia for First Time
(Bloomberg) — A sanctioned Russian liquefied natural gas export facility is sending a shipment to Asia for the first time, as Moscow continues a search for customers willing to take…
https://gcaptain.com/sanctioned-russian-gas-plant-sends-cargo-to-asia-for-first-time/
Gemini Cooperation Agreement Takes Effect Amid FMC Scrutiny
The Gemini Cooperation Agreement between shipping giants Maersk and Hapag-Lloyd took effect on Monday, signaling a major shift in the global maritime industry. The Gemini Cooperation, set to officially launch…
https://gcaptain.com/gemini-cooperation-agreement-takes-effect-amid-fmc-scrutiny/
Tankers: An Upward Spurt in The Offing?
(gCaptain) – Over the past 2½ years, the tanker market has received much attention and brought good fortune to investors who jumped aboard following the commencement of the war in…
Major Shipping Alliance Reshuffle: Premier Alliance to Launch, MSC Unveils Standalone Network
Container shipping lines Ocean Network Express (ONE), HMM, and Yang Ming Marine Transportation have announced the formation of a new alliance named ‘Premier Alliance’, set to begin operations in February…
Australia Seeks Commercial Vessels for ‘Strategic Fleet’
The Australian Government has announced a request for tender for vessels to participate in its Strategic Fleet Pilot program, a five-year initiative aimed at strengthening the nation’s maritime capabilities and…
https://gcaptain.com/australia-seeks-commercial-vessels-for-strategic-fleet/
In Desperate Move Russia Sends First-Ever Conventional LNG Carrier Through Arctic
By Malte Humpert (gCaptain) – In a risky move aimed at overcoming Western sanctions Russian LNG producer Novatek dispatched the non-ice class LNG carrier Everest Energy onto the icy waters…
Drought Shrivels The Mississippi River And Threatens To Disrupt US Food Exports
By Brian K. Sullivan and Tarso Veloso Sep 7, 2024 (Bloomberg) —Drought across the central US is shrinking the Mississippi River, sending barge rates soaring and threatening to roil shipments of…