Maritime News from gCaptain.com
Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources said.
Categories: Maritime News
Swedish Pilot Named Suspect in Fatal Cargo Ship Collision That Killed Two
Swedish prosecutors have expanded the criminal investigation into last month’s fatal collision between the Norwegian cargo ship Misje Verde and a pleasure boat by naming the vessel’s pilot as a criminal suspect...
Categories: Maritime News
Iran Says Deal With Oman on Hormuz Agreed in Principle
The wait for an Iran-Oman deal that partially reopens the Strait of Hormuz continued into Thursday, after the Islamic Republic said an agreement on proposed shipping lanes was in the final stages.
Categories: Maritime News
Panama Canal to Tighten Draft Limits Again as Water Levels Continue to Fall
The Panama Canal Authority (ACP) will impose another round of draft restrictions for vessels transiting its Neopanamax locks later this month as water levels in Gatun Lake continue to decline...
Categories: Maritime News
Middle East Situation Remains “Predictably Unpredictable,” Lloyd’s List Intelligence
Almost six months into the U.S./ Israel war with Iran, the state of the Strait of Hormuz is still constrained. Ambrey has alerted another tanker aborted its transit through the Strait of Hormuz after two explosions were reported 37 NM southwest of Bandar-e-Jask, Iran.
Categories: Maritime News
Damen signs contract with Aegean Tugs Shipping Company for ASD Tug 2811 delivery
Damen Shipyards Group has signed a contract with Greece-based Aegean Tugs Shipping Company for an ASD Tug 2811. Thanks to its stock-building programme, Damen is able to offer its client...
Categories: Maritime News
Thordon Bearings adds SAI Engineering to growing global distributor network
Thordon Bearings, the market leader in environmentally safe, water-lubricated and grease-free bearing and seal solutions, has welcomed marine engineering and naval architecture firm SAI Engineering to its growing global network...
Categories: Maritime News
Eastern Shipbuilding Group and Washington State Celebrate Steel Cutting of New Hybrid-Electric Ferry
WSF Announces agreement on Third Boat Eastern Shipbuilding Group Inc. (ESG) and Washington State Ferries marked the start of construction on three new 160-vehicle hybrid-electric ferries at a steel cutting...
Categories: Maritime News
Russia Sends Arctic Oil Tanker Shadow Fleet Within 500 Nautical Miles of North Pole
Russia has dispatched an unprecedented convoy of oil tankers to within 500 nautical miles of the North Pole sending the fleet onto one of the most northerly commercial shipping routes ever attempted in the Arctic.
Categories: Maritime News
CBO: Trump-Class Nuclear Battleships Could Cost $275 Billion, Strain U.S. Shipbuilding
The U.S. Navy’s ambitious plan to design and build a new class of nuclear-powered battleships would cost an estimated $275 billion over the next three decades and place unprecedented demands on...
Categories: Maritime News
Europe’s Dry Rivers Set for Little Relief from August Rains
Europe’s first meaningful rains in weeks are unlikely to be widespread or sustained enough to quickly raise critically-low river levels, prolonging costly shipping and power supply restrictions as another spell of heat threatens to build.
Categories: Maritime News
Houthis Escalate Red Sea Campaign, Claim Eighth Saudi Tanker Attack
The Houthis on Wednesday claimed responsibility for another attack on a Saudi oil tanker, while UK Maritime Trade Operations (UKMTO) issued a fresh warning about a separate explosion near a...
Categories: Maritime News
Shipping Industry Warns Against Potential Hormuz Transit Fees
The global shipping industry is urging the United Nations and the International Maritime Organization (IMO) to oppose any attempt to impose compulsory tolls or transit fees in the Strait of...
Categories: Maritime News
Silverback Marine Launches Grit City Workboats, a New Animated Series Inspiring the Next Generation of Maritime Professionals
The rapidly growing children’s series introduces young audiences to real workboats, maritime careers, environmental stewardship and life on the working waterfront- an initiative that should have been taken 30 years...
Categories: Maritime News
Iran Says Hormuz Shipping Route Announcement With Oman Nears
Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalized, provided certain third parties did not interfere, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday.
Categories: Maritime News
Draft Hormuz Deal Would Give Iran Control Over Gulf-Bound Ships, Sources Say
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.
Categories: Maritime News
US and Iran Having ‘Very Good Discussions’, Trump Says
U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict.
Categories: Maritime News
Dozens of Idling Iranian Oil Tankers Show US Blockade Is Working
A growing flotilla of Iranian oil tankers is gathering off the country’s coast, a sign the renewed US naval blockade is disrupting Tehran’s energy exports and depriving it of much-needed revenue.
Categories: Maritime News
Energy Secretary Signals Trump Likely to Extend Jones Act Waiver Again
U.S. Energy Secretary Chris Wright said the Trump administration is likely to extend its temporary emergency waiver of the Jones Act again, arguing the measure has helped move energy supplies...
Categories: Maritime News
Indian Cargo Vessel Sinks After Apparent Attack Near Yemen
An Indian-flagged cargo vessel sank in the Red Sea on Monday after being struck by what appears to have been an explosives-laden boat off Yemen, marking another escalation in the...
Categories: Maritime News