Mike Schuler
@MikeSchuler
Editor of gCaptain. From NY, lived in CA, now in AZ. Yes, it’s hot here.
LNG shipping faces short-term pain (spot rates at record lows), but a long-term boom is coming — trade volumes set to grow 60% by 2030. Once again, ships are ready, but projects lag. For more data see SIN (clarksons.net/sin).
This week in shipping: 🇪🇺 EU cracks down on Russia’s shadow fleet 🇺🇸 Trump’s shipbuilding drive unravels 🚢 Houthi death toll rises 💨 Offshore wind hits a wall in NY 📉 Box rates fall again All in this week's Dispatch, exclusive to Club Members: gcaptain.com/join-the-club/
Another tanker suffered an explosion after calling at a Russian Port 👀 🚨 Flagless (formerly #Djibouti-flagged) Crude #Oil Tanker PUSHPA suffered an explosion, probably in the #Mediterranean offshore #Malta - making this the 8th similar incident that we know about. PUSHPA is a…
The LNG carrier ordered at Hanwha Philly Shipyard will NOT be compliant with the Jones Act, as it will be substantially constructed overseas in Korea. It will be used to carry U.S. exports to international markets gcaptain.com/hanwha-philly-…
Buffett famously believed U.S. railroad volumes were an indicator of real economic health. The value of U.S. containerized imports is estimated to be at least 4x the value of all the cargo moving on railroads. Take that as you will gcaptain.com/falling-contai…
My birthday is coming up, and I need to find a way to subtly communicate to my wife that I want this
Mayday, Mayday, Mayday... After surging over 15% in 2024, U.S. container imports could be in for a rare annual decline in 2025 thanks to Trump's tariffs—only the third drop in six decades, alongside the pandemic and financial crisis. gcaptain.com/falling-contai…
Admitting defeat
U.S. Treasury Secretary: The next round of talks with Beijing may include China's purchases of Russian and Iranian oil
Trump Administration Announces $8.75 Million in Small Shipyard Grants, Continuing Funding Decline gcaptain.com/trump-administ…
Making Shipbuilding Great Again? The $8.75 million matches last year's amount—and the lowest awarded since 2016
Under @POTUS’ leadership, @SecDuffy is working to restore America’s maritime dominance. Read about the $8.75 Million in Grants to revitalize shipyards across the country. ⬇️
The Rise (…and fall?) of China’s Shipbuilding Dominance Great article that gives a good overview of China’s shipbuilding advance to world leadership by mid-2010s. This is cautionary tale as well as a reminder of the fundamentals of shipbuilding. See the full article here:…
#Israel Air Force conducts airstrikes on #Houthi targets in #Yemen Airstrikes hit positions in #Hodeida in response to recent ballistic missile and drone launches by the Houthis toward Israeli territory.
Coast Guard Cutter (CGC) Storis’ historic voyage continues! Through the dedicated efforts of her crew, Storis arrived in Seattle earlier this week, having marked numerous milestones on its journey northward. As the Nation’s third polar icebreaker, Storis was acquired to provide…
Roast me
Reuters: DONALD TRUMP SEEKS AT LEAST $10 BILLION IN DAMAGES IN LAWSUIT AGAINST NEWS CORP, RUPERT MURDOCH, OTHERS OVER WALL STREET JOURNAL ARTICLE
Headhaul only… (see Eternity C)
Protecting the @WFP vessels, delivering food aid to displaced persons in Somalia, is one of the main tasks of Operation ATALANTA. ESPS #NAVARRA, flagship of #OperationATALANTA, recently escorted a @WFP vessel during her transit to deliver this essential humanitarian aid.