Maritime News

by Captain John Konrad (gCaptain) In the current American labor landscape, the stark contrast between the assertive strides of transportation unions and the maritime sector’s unique labor challenges is striking….

https://gcaptain.com/u-s-shipping-ceo-calls-for-foreign-seafarers-amidst-us-merchant-marine-pay-and-manning-crisis/

The global shipping industry is facing challenges, impacting major players like Maersk and ZIM Integrated Shipping Services Ltd. Economic turmoil, geopolitical tensions, and the Russia-Ukraine war have contributed to a pessimistic outlook. The United Nations Conference on Trade and Development predicts a meagre 1.4% growth in 2023, a significant drop from 3.2% in 2021.

ZIM, a major player, has seen a drastic 50% decline in market cap YTD 2023. Its Q2...

https://mfame.guru/2023-outlook-for-global-shipping-industry/

The Straits of Malacca, a crucial maritime passage between Thailand, Malaysia, Indonesia, and Singapore, poses unique challenges for vessels, especially at night. While current threats are limited, concerns arise about potential disruptions in times of conflict, impacting the flow of goods between the Indian Ocean and the South China Sea.

Despite progress in the 1990s and early 2000s, incidents of piracy and armed attacks in the Straits of Malacca have seen a...

https://mfame.guru/sailing-through-uncertainty-resurgent-threats-in-malacca-straits/

Recent attacks on commercial ships in the Red Sea, particularly in the Bab el-Mandeb area, have intensified maritime security concerns, posing potential repercussions for the shipping industry, says an article published on sp global website.

The surge in attacks is associated with the Israel-Hamas war and the involvement of Iranian-backed Houthis in Yemen. Expressing support for Palestinians, the Houthis have targeted a range of commercial ships, from...

https://mfame.guru/escalating-maritime-security-risks-in-the-red-sea/

Recent attacks on commercial ships in the Red Sea, particularly in the Bab el-Mandeb area, have intensified maritime security concerns, posing potential repercussions for the shipping industry, says an article published on sp global website.

The surge in attacks is associated with the Israel-Hamas war and the involvement of Iranian-backed Houthis in Yemen. Expressing support for Palestinians, the Houthis have targeted a range of commercial ships, from...

https://mfame.guru/escalating-maritime-security-risks-in-the-red-sea/

In response to the urgent need for climate action, the International Maritime Organization (IMO) set ambitious targets to reduce global shipping emissions, aiming for zero emissions by 2050.

As COP28 unfolds, there’s a critical call to hold the shipping industry accountable for its substantial contribution to the climate crisis, says an article published on mongabay website.

The devastating impact of shipping extends beyond greenhouse gas emissions. The Wakashio...

https://mfame.guru/urgent-call-for-action-at-cop28/

Yemen’s Houthi movement said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports, reports Reuters.

The Iran-aligned group is escalating the risks of a regional conflict amid a brutal war between Israel and the Palestinian militant group Hamas.

The Houthis have attacked and seized several Israeli-linked ships in the Red Sea and its Bab...

https://mfame.guru/in-escalation-houthis-vow-to-attack-all-israel-bound-ships-in-red-sea/

GTT has received an order from its partner the Korean shipyard HD Hyundai Heavy Industries for the tank design of two new Very Large Ethane Carriers (VLEC), on behalf of the ship-owner Purus.

GTT will design the tanks of these two vessels, which will each offer a capacity of 98,000 m3. The tanks will be fitted with the Mark III membrane containment system developed by GTT.

Delivery is scheduled between the fourth quarter of 2026 and the second quarter of 2027.

Philippe Berterottière, Chairman and...

https://mfame.guru/gtt-bags-order-for-vlec-duo/