Maritime News from gCaptain.com
IEA Warns: Hormuz Crisis Triggering Largest Oil Supply Disruption in History
The escalating Middle East conflict has triggered what the International Energy Agency (IEA) says could become the largest supply disruption in the history of the global oil market, as tanker traffic through the...
Categories: Maritime News
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate Norway has moved to prohibit its merchant fleet from entering the Strait of Hormuz, marking one of the...
Categories: Maritime News
US Considers Easing Jones Act to Tame Spiraling Fuel Prices
The Trump administration plans to waive a century-old maritime law that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, according to people familiar with the matter.
Categories: Maritime News
ABS Publishes New Technical Standard for Subsea Power Cables
Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables. Subsea power cable design, installation...
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Thordon Bearings and SNAME Announce New Graduate Scholarship to Accelerate Innovation in Green Vessel Design
Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an annual award that will support exceptional postgraduate...
Categories: Maritime News
EXMAR Deploys Inmarsat NexusWave to Power Secure, Always-on Connectivity Across its Fleet
Inmarsat Maritime, a Viasat company, is rolling out NexusWave across EXMAR’s growing fleet of gas carriers to meet the Belgian shipping company’s evolving commercial and crew connectivity demands. Operating globally in high-demand environments,...
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VIKING Delivers Solid Results in Unpredictable Market
ANNUAL REPORT: VIKING grows revenue and earnings in a market characterised by geopolitical uncertainty and lower growth rates. After years of significant growth in key segments, developments have now normalised....
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Iran’s Supreme Leader, in First Remarks, Vows to Avenge ‘Martyrs’, Keep Strait Closed
Iran will avenge the blood of its martyrs, keep the Strait of Hormuz closed and attack U.S. bases, new Supreme Leader Mojtaba Khamenei said on Thursday in a statement read out on state television, his first remarks since succeeding his slain father.
Categories: Maritime News
After Lengthy Legal Dispute, Seatrium Hands Over Next-Generation WTIV to Maersk
Singapore-based shipbuilder Seatrium Limited has delivered a next-generation Wind Turbine Installation Vessel (WTIV) to Maersk Offshore Wind, marking the completion of a project that only months ago was at the center of a high-stakes contractual dispute between the two companies.
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Indian Source Says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives
Iran will allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said on Thursday, but an Iranian source outside the country denied any such deal was reached.
Categories: Maritime News
US Hormuz Escorts May Start by End of the Month, Wright Says
The US Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
Wright said on CNBC on Thursday US military assets were currently focused on destroying Iran’s offensive capabilities and weapons manufacturing, but could shift focus to protecting shipping traffic in the coming weeks.
Categories: Maritime News
Russia Pushes Icebreakers to 270 Days at Sea as Sanctions Slow Arctic Fleet Renewal
Russia will push its nuclear-powered icebreakers to sea for up to 270 days a year, increasing workloads as an ageing fleet, sanctions-related delays and unpredictable ice conditions strain Moscow’s ability to escort cargo along the Northern Sea Route.
Categories: Maritime News
Coast Guard Still Short on People and Ships Despite $25 Billion Funding Surge
Despite receiving nearly $25 billion in supplemental funding—the largest investment in its history—the U.S. Coast Guard continues to face critical workforce shortages and equipment readiness gaps, according to a new Government Accountability Office report that warns money alone will not fix the service’s deep-rooted operational challenges.
Categories: Maritime News
MAIB Calls for Mandatory Navigation Training After Tanker–Trawler Collision in Firth of Clyde
A collision between a crude oil tanker and a fishing trawler in Scotland’s Firth of Clyde has sparked renewed calls for mandatory navigation training for small fishing vessel crews, after investigators found that a lack of formal training and flawed assumptions on both bridges nearly proved fatal for three fishermen.
Categories: Maritime News
TEN CEO: Shadow Fleet Crunch Has Pushed Tanker Rates to Rare Levels
Tsakos Energy Navigation CEO Dr. Nikos Tsakos says geopolitical turmoil and the rapid expansion of shadow tanker trading have created a severe shortage of high-quality vessels, pushing charter rates to levels rarely seen in the industry. Speaking during a recent investor presentation, Tsakos said nearly a third of the global tanker fleet has been sidelined by sanctions, leaving oil majors scrambling for compliant tonnage and reshaping global energy trade routes.
Categories: Maritime News
Russian Captain Jailed Over Fatal North Sea Collision
A Russian container ship captain has been sentenced to six years in prison after a fatal North Sea collision that killed a Filipino seafarer and triggered an eight-day fire following the release of aviation fuel from an anchored tanker.
Categories: Maritime News
China Tells State Firms to Freeze Panama Projects After Canal Ports Ruling
China is asking state firms to halt talks over new projects in Panama, as part of Beijing’s broader retaliation after the Central American country voided CK Hutchison Holdings Ltd.’s contract to operate two ports along its strategic canal, according to people familiar with the matter.
Categories: Maritime News
Container Rates Slide for Fourth Week as Pre-Lunar New Year Surge Fizzles
Global container shipping rates fell for a fourth consecutive week as the traditional pre-Lunar New Year cargo surge failed to materialize. Spot rates dropped across all major trade lanes, prompting carriers to announce an unusually large wave of blank sailings as uncertainty over demand and Suez Canal transits continues to cloud the market outlook.
Categories: Maritime News
Back-to-Back Cocaine Seizures Top 9 Tons in French Polynesian Waters
French naval forces have intercepted 4.24 tons of cocaine off French Polynesia, marking the second major drug seizure in the territory in less than three weeks and highlighting growing concern over Pacific shipping lanes being used to move South American cocaine toward Asia and Oceania.
Categories: Maritime News
US and Russia Reestablish Military Hotline After 3 Years of Silence
U.S. and Russia agreed to restore military-to-military communication after a 3-year freeze. The channel aims to reduce miscalculation risks in the Black Sea, Arctic, and Europe—critical for commercial shipping safety.
Categories: Maritime News