Maritime News from gCaptain.com
ONE Profit Plunges 92% as Geopolitics and Overcapacity Squeeze Earnings
Singapore-based liner giant Ocean Network Express reported a modest but resilient profit for fiscal year 2025, navigating weak cargo demand, rising capacity, and mounting geopolitical disruption across key trade lanes. The company...
Categories: Maritime News
IMO Carbon Plan for Shipping Faces Growing Revolt as U.S. Courts ‘Silent Majority’
The U.S. is intensifying its push against the International Maritime Organization’s proposed global carbon pricing regime, with Federal Maritime Commission Chairman Laura DiBella urging member states this week to consider alternatives to the stalled Net Zero Framework (NZF) during high-level talks in London.
Categories: Maritime News
Container Rates Slip for Third Week as Oversupply Weighs on Market
Spot container rates extended their downward trend for a third consecutive week, underscoring the growing disconnect between geopolitical disruption and underlying market fundamentals. According to the latest weekly update from Drewry,...
Categories: Maritime News
Israel Intercepts Gaza Aid Ships in International Waters, Organizers Decry Move
Israel has intercepted aid ships bound for Gaza in international waters near Greece, flotilla organizers said on Thursday, decrying the move as an "escalation of Israel's impunity."
Categories: Maritime News
U.S. Pushes International ‘Maritime Freedom Construct’ as Strait of Hormuz Remains Shut
The U.S. is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surged to their highest in more than four years on fears of longer-term disruptions to global fuel supplies.
Categories: Maritime News
Iran War Is ‘Supercharging’ the Energy Transition, UNFCCC Says
The Iran war is accelerating a shift toward renewable energy as governments race to reduce supply-chain vulnerabilities, according to UNFCCC Executive Secretary Simon Stiell.
Categories: Maritime News
US Military Commanders to Brief Trump On Military Options Against Iran, US Official Says
Top U.S. military leaders including Admiral Brad Cooper, the head of Central Command, will brief President Donald Trump later on Thursday on potential military action against Iran, a U.S. official told Reuters.
Categories: Maritime News
Underestimated Risks of Coconut Oil Cargoes
Coconut oil is not immediately associated with risk, but its carriage can release toxic vapours and cause oxygen depletion in enclosed spaces. Manish Nayyar, Senior Loss Prevention Executive, NorthStandard, explains...
Categories: Maritime News
US Seeks Forfeiture of Seized Oil Tankers Linked to Iran
The US is seeking forfeiture of two Iran-linked oil tankers seized by naval forces enforcing a blockade against the Islamic Republic, according to a senior administration official.
Categories: Maritime News
ABS Acquires RMC Global to Strengthen Cyber, Risk and Resilience Capabilities
ABS, through its affiliate ABSG Consulting Inc. (ABS Consulting), has today announced the acquisition of RMC Global (RMC), a leading provider of industrial cybersecurity, risk management and resiliency solutions. The acquisition strengthens...
Categories: Maritime News
The United States Did Not Just Outsource Shipbuilding. It Outsourced Demand.
Why America’s Cargo Demand Is Building Maritime Capacity Everywhere but at Home By Bruce Kimbrell (Policy Op-Ed) I spent last week at the Sea-Air-Space Conference at the Gaylord in Maryland...
Categories: Maritime News
FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case
Three years after bankrupt retailer Bed Bath & Beyond accused Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime...
Categories: Maritime News
Iran Says Iraqi Ships Are Allowed To Use Strait Of Hormuz
By Patrick Sykes, Kateryna Kadabashy and Anthony Di Paola Apr 4, 2026 (Bloomberg) –The Iranian military said major oil producer Iraq is exempt from shipping restrictions in the Strait of Hormuz,...
Categories: Maritime News
Tanker Loaded With Iraqi Crude Passes Through Hormuz
By Ahmad Ghaddar and Rozanna Latiff LONDON/KUALA LUMPUR, April 5 (Reuters) – An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day...
Categories: Maritime News
Ukrainian Drones Attacked Cargo Vessel That Sank, Killing One
MOSCOW, April 5 (Reuters) – A cargo ship carrying wheat sank in the Sea of Azov after coming under attack from Ukrainian drones, a Russia-installed official said on Sunday, leaving one person dead and two missing....
Categories: Maritime News
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From War
By Fiona MacDonald, Grant Smith and Salma El Wardany Apr 5, 2026 (Bloomberg) –OPEC+ warned that damage to Middle East energy assets will have a prolonged impact on oil supply even...
Categories: Maritime News
India Acknowledges Iranian Oil Purchases
By Rakesh Sharma and Mihir Mishra Apr 4, 2026 (Bloomberg) —India is buying crude from Iran among other countries in order to navigate the current energy crisis, the country’s oil ministry...
Categories: Maritime News
Ship In Azov Sea Hit By Kyiv As Sides Swap Attacks
By Bloomberg News Apr 4, 2026 (Bloomberg) –Russia said drone debris struck a cargo vessel in a bay of the Azov Sea overnight while Moscow’s forces targeted several Ukrainian regions, including...
Categories: Maritime News
Controlled Passage: First Ships Edge Through Hormuz as Crisis Redefines Global Shipping
A small number of merchant vessels have begun edging back through the Strait of Hormuz, offering the first visible signs of movement after weeks of disruption. But far from signalling recovery, these carefully managed transits are exposing a deeper and more unsettling shift: one of the world’s most critical shipping lanes is no longer operating under normal commercial rules.
Categories: Maritime News
U.S. Intel Warns Iran Has No Incentive to Reopen Hormuz as Oil Leverage Grows
Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the only real leverage it has over the United States, according to three sources familiar with the matter.
Categories: Maritime News