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Trump Plows Ahead on China Tariffs Threats

News from gCaptain - Tue, 05/29/2018 - 09:13
By Jenny Leonard and Andrew Mayeda (Bloomberg) — President Donald Trump said he’s moving ahead with plans to impose tariffs on $50 billion of Chinese imports and curb investment in sensitive technology, ratcheting up pressure on Beijing days before the next round of trade negotiations. In a statement Tuesday, the White House said a final […]
Categories: Maritime News

Japan Says Suspected Chinese Ship Spotted Breaking North Korea Sanctions

News from gCaptain - Tue, 05/29/2018 - 08:54
TOKYO, May 29 (Reuters) – Japan on Tuesday said it had detected what appeared to be a Chinese-flagged vessel, 350 km (218 miles) off Shanghai, conducting illegal transfers to a North Korean ship. “Following a comprehensive assessment, the government of Japan strongly suspects that they conducted ship-to-ship transfers banned by UNSCR,” Japan’s Ministry of Foreign […]
Categories: Maritime News

Watch President Trump’s Full Commencement Speech to the U.S. Naval Academy’s 2018 Graduating Class

News from gCaptain - Tue, 05/29/2018 - 06:06
President Trump gives the commencement speech at the U.S. Naval Academy’s graduation ceremony in Annapolis, Maryland, May, 25, 2018. The has the full text of the commencement speech if you prefer to read it. The Associated Press has fact checked the commencement address, noting that President Trump misrepresented on at least three occassions what he’s […]
Categories: Maritime News

South Korea to Offer ‘Industry Crisis’ Funding to Hard-Hit Shipbuilding Regions

News from gCaptain - Mon, 05/28/2018 - 20:12
SEOUL, May 29 (Reuters) – South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate five key shipbuilding centres on the country’s south coast as “industry crisis” zones eligible for economic support. The areas include Dong-gu in the city of Ulsan, Geoje-si of Kyong-nam province and Jinhae-gu of Changwon, as well as […]
Categories: Maritime News

No Free Pass for Shippers as Box Lines Implement New Bunker Surcharges

News from gCaptain - Mon, 05/28/2018 - 08:29
By Alexander Whiteman (The Loadstar) – Shipper hopes that carriers will not impose fuel surcharges have been shot down as Maersk and CMA CGM became the latest to implement a bunker surcharge. Drewry’s Simon Heaney, senior manager supply chain research, told The Loadstar the emergency fuel surcharge announced by MSC earlier this week would be just […]
Categories: Maritime News

US Dedicates First-ever Undersea Memorial For Submariners

News from gCaptain - Mon, 05/28/2018 - 08:15
by Barbara Goldberg (Reuters) – Almost exactly 50 years ago, the USS Scorpion became the last U.S. submarine to be lost at sea when it disappeared while on patrol in the North Atlantic in 1968, with the nearly 100 officers and crew lost and presumed killed. This weekend, those who went down with the Scorpion […]
Categories: Maritime News

Huge Amounts Of Crystal Meth Are Now Being Smuggled In Shipping Containers

News from gCaptain - Mon, 05/28/2018 - 08:05
by Rozanna Latiff (Reuters) – Malaysia has made its largest ever seizure of crystal methamphetamine, officials said on Monday, finding nearly 1.2 tonnes of the drug disguised as tea in a shipment from Myanmar, and arrested six suspected traffickers. The bust comes as Southeast Asia reports a flood of the stimulant throughout the region. Indonesia […]
Categories: Maritime News

Remembering Those Lost At Sea In War And Peace

News from gCaptain - Mon, 05/28/2018 - 07:27
Today is Memorial Day in the United States and gCaptain will donate a portion of all patriotic shirts to the American Merchant Marine Veterans (AMMV). Countless American Merchant Mariners have been lost at sea delivering the gear our troops and sailors need to defend freedom. Aircraft Carriers would return home without the food, ammunition and aviation […]
Categories: Maritime News
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