Maritime News from gCaptain.com

ONE Profit Plunges 92% as Geopolitics and Overcapacity Squeeze Earnings

News from gCaptain - 5 hours 5 min ago
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’

News from gCaptain - 11 hours 57 min ago
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

News from gCaptain - 12 hours 17 min ago
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

News from gCaptain - 12 hours 34 min ago
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

News from gCaptain - 12 hours 52 min ago
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

News from gCaptain - 13 hours 23 min ago
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

News from gCaptain - 15 hours 24 min ago
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

News from gCaptain - 15 hours 53 min ago
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

News from gCaptain - 19 hours 9 min ago
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

News from gCaptain - Wed, 04/29/2026 - 17:27
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.

News from gCaptain - Wed, 04/29/2026 - 16:37
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

News from gCaptain - Wed, 04/29/2026 - 13:58
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

News from gCaptain - Sun, 04/05/2026 - 19:09
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

News from gCaptain - Sun, 04/05/2026 - 18:31
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

News from gCaptain - Sun, 04/05/2026 - 17:07
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

News from gCaptain - Sun, 04/05/2026 - 16:44
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

News from gCaptain - Sat, 04/04/2026 - 09:35
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

News from gCaptain - Sat, 04/04/2026 - 09:19
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

News from gCaptain - Sat, 04/04/2026 - 02:11
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

News from gCaptain - Sat, 04/04/2026 - 02:06
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
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