Maritime News from gCaptain.com
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
Categories: Maritime News
Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Fails
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.
Categories: Maritime News
Trump Administration Moves Closer to Pacific Seabed Mining Lease Sale
The Trump administration is moving closer to a potential offshore critical minerals lease sale near the Northern Mariana Islands, advancing another piece of its broader effort to develop seabed mineral...
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Nine Workers Killed at Hong Kong Convention-Certified Shipbreaking Yard in Bangladesh
Nine workers were killed after being exposed to toxic gas while dismantling an LNG carrier at a shipbreaking yard in Bangladesh, renewing scrutiny of safety conditions at South Asian recycling...
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Panama Canal Marks 112 Years With an Eye on the Future
The Panama Canal marked its 112th anniversary over the weekend with vessel traffic on the rise, even as officials prepare for a strengthening El Niño that is again putting pressure...
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Armed Pirates Hijack Cargo Ship Off Somalia
A cargo ship has been hijacked off the coast of Somalia after eight armed attackers boarded the vessel and seized control, according to the United Kingdom Maritime Trade Operations center....
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MSC Baltic III Wreck Being Pulled Ashore in Newfoundland
Wreck removal crews have begun the slow process of pulling the grounded containership MSC Baltic III toward shore in Newfoundland and Labrador, marking a major new phase in a salvage operation that...
Categories: Maritime News
ADNOC Says Three Vessels Attacked This Week as Hormuz Shipping Remains Severely Disrupted
Abu Dhabi National Oil Company said three of its vessels have been attacked this week while transiting the Strait of Hormuz, highlighting the continued danger to commercial shipping as traffic...
Categories: Maritime News
Rosatom Says Seven Chinese Vessels Will Sail to Europe via Russia’s Arctic Route
Russia's state nuclear giant Rosatom, operator of the Northern Sea Route via the Arctic, said on Friday it had issued permits for seven Chinese transit vessels to sail to Europe via the NSR.
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Iran Debates Hormuz Wording as Trump Says Deal’s ‘Moving Along’
(Bloomberg) — Iranian lawmakers are debating the wording of a proposed deal with Oman on the Strait of Hormuz, with US President Donald Trump insisting an agreement is getting closer....
Categories: Maritime News
Transpacific Container Rates Rally as Europe’s Peak Season Fades
European trades saw spot rates decline for a fourth consecutive week, with carriers cancelling or cutting back plans for rate boosting, but for those operating on the transpacific, the situation was far rosier, as increases were recorded for both US coasts.
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U.S. Container Import Peak Winds Down After Tariff-Driven Rush
The early peak season for U.S. container imports is beginning to wind down after retailers accelerated shipments to get ahead of new tariffs and supply chain uncertainty stemming from the...
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TOTE Mobilizes U.S. Shipbuilding Base for Navy’s $2.2 Billion Landing Ship Program
TOTE Services has begun assembling the nationwide shipbuilding and supplier network that will support the U.S. Navy and Marine Corps’ Medium Landing Ship program, bringing together more than 30 shipbuilders,...
Categories: Maritime News
Vessel Traffic Through Hormuz Dwindles This Week As Markets Watch Iran-Oman Talks
Shipping traffic through the Strait of Hormuz has dwindled to 33 vessels from Monday to Thursday this week, data showed, versus 50 in the week-ago period, as markets watched talks between Iran and Oman for signs of progress in reopening the key waterway.
Categories: Maritime News
UAE’s Adnoc Buys $1.3 Billion of Tankers as Oil Exports Boom
The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.
Categories: Maritime News
UK Targets Arctic LNG Carrier, Five Oil Tankers in Latest Russia Sanctions Package
The United Kingdom has expanded its sanctions against Russia with a new package targeting shipping, banking, and industrial entities, including six vessels accused of transporting Russian energy exports and an...
Categories: Maritime News
NTSB: Pilot’s Personal Phone Call Contributed to Fatal Houston Ship Channel Collision
A Houston ship pilot’s extended personal cell phone conversation and multiple failures to maintain a proper lookout led to the fatal 2024 collision between the bulk carrier Yangze 7 and the towing...
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ABS and Samsung Heavy Industries Advance 50 MW and 200 MW Floating Data Center Designs
ABS and Samsung Heavy Industries (SHI) have announced two milestones advancing floating data center development, part of a series of innovative agreements following the opening of the Korea-U.S. Shipbuilding Partnership...
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RWE Reaches $1.22 Billion Deal with Trump Administration to Surrender U.S. Offshore Wind Leases
RWE has become the latest offshore wind developer to reach a settlement with the Trump administration, agreeing to relinquish its U.S. offshore wind leases in exchange for a $1.22 billion...
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Germany Confronts Rhine Threat to Economy After Crisis Talks
Germany’s economy is being threatened by a chronic lack of water in the Rhine, according to Transport Minister Steffen Bilger.
Categories: Maritime News