Cross-Alliance Cooperation on the Rise as Market Weakens

By Mike Wackett (The Loadstar) – Ocean carriers are pulling capacity from Chinese export routes and redeploying the ships to more robust tradelanes with growth potential. Moreover, the weakness in the…

By Mike Wackett (The Loadstar) – Ocean carriers are pulling capacity from Chinese export routes and redeploying the ships to more robust tradelanes with growth potential. Moreover, the weakness in the...

‘The Party is Over’ for Container Shipping, Says Hapag-Lloyd CEO

HAMBURG, Feb 1 (Reuters) – Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany’s liner Hapag Lloyd, the world’s number five by…

HAMBURG, Feb 1 (Reuters) – Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany’s liner Hapag Lloyd, the world’s number five by...

As Ice Recedes, Italian Ship Makes Record Journey into the Antarctic

ROME, Jan 31 (Reuters) – An Italian ice-breaker carrying scientists researching in the Antarctic has sailed further south than any ship has done before, the organizers of the voyage said on Tuesday,…

ROME, Jan 31 (Reuters) – An Italian ice-breaker carrying scientists researching in the Antarctic has sailed further south than any ship has done before, the organizers of the voyage said on Tuesday,...

Australia Seeks to Boost Hydrogen Exports to EU as Part of Green Push

By John Ainger and Maria Tadeo (Bloomberg) — Australia wants to boost exports of green hydrogen to the European Union as the bloc seeks to cut emissions in its most energy-intensive sectors. “Australia…

By John Ainger and Maria Tadeo (Bloomberg) — Australia wants to boost exports of green hydrogen to the European Union as the bloc seeks to cut emissions in its most energy-intensive sectors. “Australia...

Russia Boosted LNG Exports to Europe by 20% in 2022 -Refinitiv Data

MOSCOW, Jan 31 (Reuters) – Russia supplied Europe with some 17 million tonnes of liquefied natural gas (LNG) last year, up about 20% from 2021 volumes, Refinitiv Eikon data showed on Tuesday,…

MOSCOW, Jan 31 (Reuters) – Russia supplied Europe with some 17 million tonnes of liquefied natural gas (LNG) last year, up about 20% from 2021 volumes, Refinitiv Eikon data showed on Tuesday,...

Maritime Historian Explains Why Russia Can’t (Or Shouldn’t) Target This American Ship Carrying Tanks to Ukraine

gCaptain’s favorite maritime historian and the volunteer fire captain behind the popular Youtube channel “What’s Going on With Shipping“ Sal Mercogliano explains some of the issues behind a recent photo…

gCaptain’s favorite maritime historian and the volunteer fire captain behind the popular Youtube channel “What’s Going on With Shipping“ Sal Mercogliano explains some of the issues behind a recent photo...

Pilots Praised for Preventing Megaship from Grounding in Southampton Waters

The UK Maritime Pilots Association is praising the actions of three ship pilots in preventing one of the world’s largest containerships from running aground in the Solent after a loss…

The UK Maritime Pilots Association is praising the actions of three ship pilots in preventing one of the world’s largest containerships from running aground in the Solent after a loss...

Western Tankers Ramp Up Russian Oil Shipments Under Price Cap

MOSCOW, Jan 31 (Reuters) – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to…

MOSCOW, Jan 31 (Reuters) – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to...

Hapag-Lloyd Reports ‘Extraordinarily Strong’ Result in 2022, But Warns on Rates Coming Down

Hapag-Lloyd is reporting “extraordinarily strong” financial results in 2022 amid an increase in average freight rates, but warns that rates had already “significantly come back down” by year-end. 2022 marked…

Hapag-Lloyd is reporting “extraordinarily strong” financial results in 2022 amid an increase in average freight rates, but warns that rates had already “significantly come back down” by year-end. 2022 marked...

First Australian Coal Cargoes Headed to China Since Unofficial Ban Lifted

SINGAPORE, Jan 30 (Reuters) – China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban on imports in place…

SINGAPORE, Jan 30 (Reuters) – China is set to receive at least two cargoes of Australian coal in early February, according to traders and shiptracking data, the first since an unofficial ban on imports in place...