The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shasndong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to...
United States
Investigators warn 68 American bridges are at risk from a Dali-style accident
The one-year anniversary since 2024’s most high-profile ship accident is next week, and the fallout from the Dali containership’s destruction of a bridge in Baltimore continues to permeate throughout the US. In the early hours of March 26 last year, the Dali lost power after leaving the port of...
https://splash247.com/investigators-warn-68-american-bridges-are-at-risk-from-a-dali-style-accident/
Europe’s shipping strength under pressure amid rising Asian competition
European shipping has solidified its role as a key geopolitical asset for the European Union (EU), commanding a significant portion of the global fleet.
This sector’s prominence comes despite the EU’s accounting for only 15% of the global GDP, with recent studies indicating that European shipping controls 35% of the world’s fleet. The findings were released in the lead-up to the European Shipping Summit, with detailed market analyses from Deloitte and CE Delft.
This content is locked
https://container-news.com/europes-shipping-strength-under-pressure-amid-rising-asian-competition/
Russia and US to Discuss Black Sea Shipping on Monday
Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said.
https://gcaptain.com/russia-and-us-to-discuss-black-sea-shipping-on-monday/
Gaza escalation raises risks of further disruptions in Red Sea
The ceasefire between Israel and Hamas ended on March 18, with Israel resuming military operations in the Gaza Strip. This development heightens concerns regarding maritime security throughout the Middle East. Concurrently, the United States has renewed its military strikes against Houthi targets.
Tensions have escalated further with President Donald Trump’s recent comments, which link Houthi actions directly to Iran, threatening severe repercussions for any aggression from Tehran.
This content...
https://container-news.com/gaza-escalation-raises-risks-of-further-disruptions-in-red-sea/
Chouest Group acquires Norwegian ROV manufacturer
US-based Chouest Group has acquired Norwegian remotely operated vehicle systems manufacturer Kystdesign. This acquisition strengthens Chouest’s subsea capabilities and enhances in-house solutions for other portfolio companies like C-Innovation and ROV services provider ROVOP which was acquired last...
https://splash247.com/chouest-group-acquires-norwegian-rov-manufacturer/
US Strikes Houthi Strongholds in Yemen Where Leaders Are Hiding
The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for Iran-aligned Houthi leaders, and the Red Sea port city of Hodeidah.
https://gcaptain.com/us-strikes-houthi-strongholds-in-yemen-where-leaders-are-hiding/
BIMCO: US port fees to hurt US trade more than curb China’s dominance
Charging fees on China-linked vessels calling at US ports will significantly increase the cost of seaborne transport to and from the United States – even if operators are pursuing avoidance strategies, said BIMCO in its letter to the US Trade Representative.
BIMCO expects operators to attempt to mitigate the negative impact of port fees either by passing the costs on to US importers—resulting in higher prices for consumers—or by ceasing trade with US ports.
The port fees are significant, with...
$100m per VLCC port call: American targeting of Chinese tonnage risks backfiring
The Monday deadline is fast approaching for public comments on the US Trade Representative’s investigation into China’s dominance in shipbuilding after which president Donald Trump will make a ruling. Submissions to the Washington body have been numerous, some full of praise, and plenty of others...
US continues strikes against the Houthis in asymmetric escalation
Houthi leader Abdul Malik al-Houthi said on 16 March that his militants would target US ships in the Red Sea in the wake of massive American strikes on Yemen over the weekend.
Despite there being no attacks on merchant shipping this year, the Donald Trump administration decided to unleash an enormous barrage of strikes on Houthi strongholds over the weekend, linked to Trump’s so-called ‘maximum pressure’ campaign on Iran.
This content is locked
Select a CN Premium Subscription Package To Unlock...
https://container-news.com/us-continues-strikes-against-the-houthis-in-asymmetric-escalation/