Stay informed with real-time maritime industry updates
gCaptain
Phillips 66 and Citgo Petroleum are planning to purchase heavy crude directly from Venezuela's PDVSA starting in April, aiming to boost profits by bypassing intermediaries, as reported by gCaptain. The move would allow the companies to avoid trading houses and Chevron in their procurement processes.
gCaptain
Sallaum Lines has expanded its Ocean Class fleet with the delivery of two new LNG dual-fuel Pure Car and Truck Carriers, as reported by gCaptain. This marks a significant step in the company's efforts to enhance its environmental sustainability.
gCaptain
A fire in the engine room of the Singapore-registered bulk carrier MANDY has led to the deaths of two crew members and the hospitalization of a third, as reported by gCaptain. The incident occurred off the coast of China.
gCaptain
Iran's temporary closure of parts of the Strait of Hormuz during military exercises has heightened global shipping tensions, as reported by gCaptain. This move underscores the sensitivity of this critical maritime chokepoint to geopolitical developments.
gCaptain
Exports from the Port of Los Angeles fell by 8% in January, reaching their lowest level in nearly three years, as reported by gCaptain. The decline is attributed to the impact of tariffs imposed by the Trump administration, which have significantly affected trade with China, including an 80% drop in soybean shipments.
gCaptain
Russian Foreign Minister Sergei Lavrov has urged the United States to avoid imposing a naval blockade on Cuba, advocating for negotiations instead, as reported by gCaptain. Lavrov conveyed this message to Cuban Foreign Minister Bruno Rodriguez during discussions on Wednesday.
Offshore Energy
The vessel Seaway Aimery is actively laying inter-array cables at the 1.4 GW East Anglia Three offshore wind farm, as reported by Offshore Energy. This operation is part of the ongoing development of the wind farm's infrastructure.
Seatrade Maritime
Seatrade Maritime reports that AD Ports has committed $87 million to the first phase of a project aimed at increasing the dry bulk capacity at Cameroon's largest port, Douala, by 4 million tonnes. This strategic investment is expected to enhance the port's operational capabilities.
Seatrade Maritime
Seatrade Maritime reports that a Supreme Court ruling on tariff validity could lead to significant disruption at the Port of Los Angeles, as tariffs continue to impact its throughput. An economist warns that the decision could result in 'a whole lot of chaos' for the port operations.
Splash247
Costamare has secured nearly $1 billion in new contracted revenues by fixing 12 vessels on forward charters, as reported by Splash247. The Greek container tonnage provider announced the deals in its quarterly earnings report, projecting about $940 million in additional revenue and increasing fleet employment to 96%.
