Maritime News from gCaptain.com
Traffic Through Strait of Hormuz Slows After Attack on Ship
Fewer vessels transited the Strait of Hormuz on Friday than earlier this week, hours after a Taiwanese-operated ship was fired on by Iran, ship tracking data showed.
Categories: Maritime News
Global Shipping Needs 114,000 More Officers by 2030, New Report Warns
The global shipping industry will need an additional 113,735 certified officers by 2030 to keep pace with fleet growth, according to a new workforce report from BIMCO and the International...
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Ship Attack Off Oman Derails IMO’s Hormuz Evacuation Effort
The International Maritime Organization has suspended its coordinated evacuation of ships stranded in the Persian Gulf after a merchant vessel was attacked in the Gulf of Oman, dealing a setback...
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France Seizes ‘Shadow Fleet’ Tanker, Stepping Up Pressure on Russia
PARIS, June 25 (Reuters) – France’s navy seized another tanker it said was linked to Russia’s “shadow fleet” on Thursday, underscoring the escalation this year in European efforts to enforce sanctions and...
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Rubio Wraps up Gulf Tour as Allies Share Concerns Over Iran Peace Accord
U.S. Secretary of State Marco Rubio told Gulf allies on Thursday that any deal with Iran would take their interests into account, as he wrapped up a Middle East trip aimed at winning over regional partners with deep reservations about the preliminary accord.
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Major Saudi Oil Terminal to Restart as Gulf Reboot Ramps Up
Top oil exporter Saudi Arabia is set to restart loading crude at the giant Ras Tanura terminal inside the Persian Gulf, a landmark moment in the resumption of Middle Eastern supplies after the Iran war.
Categories: Maritime News
Allianz Sees Arctic Shipping Boom Potential, But Warns Risks, Sanctions and Geopolitics Could Hamper Growth
Arctic shipping continues to attract interest as melting sea ice and geopolitical disruptions push companies to explore faster trade routes between Asia and Europe, but Allianz Commercial warned the region remains one of the highest-risk environments for commercial shipping.
Categories: Maritime News
Brent Enters Contango for First Time Since Iran War Began as Gulf Supply Surges
Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in late February, signaling increased near-term supply.
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UK Minehunting Force Arrives in Middle East as Multinational Hormuz Mission Takes Shape
The United Kingdom’s specialist mine countermeasures force has arrived in the Middle East, marking a significant step toward restoring commercial confidence in the Strait of Hormuz as Western allies prepare...
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More Stranded Oil Tankers Exit Hormuz, Adding to Global Supply
Three stranded tankers carrying 5 million barrels of crude oil were exiting the Strait of Hormuz on Wednesday, with two heading to Asia, shipping data showed, as the interim deal between Iran and the U.S. unlocks more supply stuck in the Gulf, bringing down global prices.
Categories: Maritime News
Oil Tanker Booked in Persian Gulf at 897% of Benchmark Rate
One of the world’s biggest operators of supertankers has provisionally booked a vessel to transport oil from the Persian Gulf to India at nearly nine times benchmark rates, a price that reflects the shortage of avalable ships in the area.
Categories: Maritime News
Marine Insurers Back Hormuz Peace Deal as Trump Says Iran Seeking ‘No Tolls’
The global marine insurance industry is cautiously welcoming recent diplomatic developments in the Strait of Hormuz as uncertainty continues over how the world’s most important energy chokepoint will be managed...
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IMO Tells Ships to Stay Put, Await Instructions as Hormuz Evacuation Begins
The International Maritime Organization is telling thousands of ships stranded in the Persian Gulf to stay put and await instructions as it begins evacuating thousands of seafarers trapped by months...
Categories: Maritime News
Containership Fire Breaks Out Every 17 Days as Misdeclared Cargo Remains Major Threat
A container ship fire now occurs somewhere in the world roughly every 17 days, highlighting the persistent danger posed by misdeclared and undeclared dangerous cargoes, according to new data cited...
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Allianz: The Age of Predictable Shipping Is Over
The global shipping industry is entering a new era defined by geopolitical tension, fragile supply chains and heightened uncertainty, according to Allianz Commercial, which warns that the relatively stable operating...
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UAE Oil Exports Surged to 85% of Pre-War Levels, IEA Says
Oil exports from the United Arab Emirates in early June recovered to nearly 85% of the country’s pre-Iran war levels — rebounding even before Washington and Tehran inked an interim peace deal as the Gulf nation drew on pipelines, storage and alternate shipping routes, according to a report from the International Energy Agency.
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Germany Ditches Delayed Frigate Program in Major Blow to Rheinmetall
Germany scrapped a landmark frigate program following delays and expected cost overruns, sending shares in the country's top defense firm Rheinmetall RHMG.DE, which was supposed to get the contract, into a tailspin on Wednesday.
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Fortescue, CMB.TECH Sign Deal for Up to 12 Ammonia-Capable Bulk Carriers
Australian mining giant Fortescue has signed an agreement with Belgian shipping group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk carriers, in one of the largest commercial commitments yet to ammonia as a...
Categories: Maritime News
Geopolitical Instability Remains Shipping’s Top Concern for Fourth Straight Year
The global shipping industry continues to view geopolitical instability as its greatest business risk, according to the International Chamber of Shipping’s latest Maritime Barometer, with industry leaders warning that political...
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Critics Mocked Sean Duffy’s Road Trip: They Missed the Point
He wasn’t sightseeing. He was helping America see itself. By Bruce Kimbrell (Policy Op-Ed) Why a Road Trip? They called it a vanity project that was out of touch. A family vacation...
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