News from gCaptain
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
White House Expected to Extend Controversial Jones Act Waiver, Sources Say
The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil XOM.Nand Chevron CVX.N for making "too much money."
Categories: Maritime News
Canada Charters Finnish Icebreaker Nordica to Support Arctic Operations
Finnish state-owned icebreaking company Arctia has secured a contract to deploy one of its multipurpose icebreakers to Canada’s Arctic later this year, providing additional capacity for the Canadian Coast Guard...
Categories: Maritime News
Brazil’s Oil Output Hits Record as War Drives Up Non-OPEC Supply
Oil production in Brazil reached a record high in June as rising supplies from producers a world away from the Middle East cushion disruption from the fallout of the war in Iran.
Categories: Maritime News
Cargo Ship Hit by Projectile in Strait of Hormuz, One Crew Member Missing
A cargo ship transiting the Strait of Hormuz was struck by an unknown projectile late Monday, leaving one crew member missing and the ship disabled in the latest attack on...
Categories: Maritime News
Oil Slides After Qatar, U.S. Signal Progress on Iran Talks
The prospect of a deal between the US and Iran appeared to be gaining traction on Tuesday, after Qatar said a proposal had been drafted and American Treasury Secretary Scott Bessent sounded hopeful on an agreement to reopen the Strait of Hormuz.
Categories: Maritime News
Rhine Set for More Disruption After Hitting Lowest on Record
Disruptions on one of Europe’s most important trade arteries are poised to intensify after the Rhine fell to the lowest on record ahead of the peak summer dry season, with conditions likely to worsen in the weeks ahead.
Categories: Maritime News
US Has Used ‘Virtually All’ of Its Long-Range Precision Missiles During Iran War, Sources Say
The U.S. Army has used up much of its stockpile of highly accurate long-range missiles during its five-month war with Iran, according to three people familiar with the data, raising concerns about the military's readiness for future conflicts.
Categories: Maritime News
Royal Fleet Auxiliary Mariners Secure Above-Inflation Pay Deal
Royal Fleet Auxiliary (RFA) personnel will receive above-inflation pay increases and improved leave benefits after maritime trade unions accepted a new agreement with the UK government aimed at supporting recruitment...
Categories: Maritime News
Trump Administration Proposes Rolling Back Obama-Era Arctic Drilling Rules
The U.S. Department of the Interior has proposed targeted changes to federal regulations governing exploratory oil and gas drilling in Alaska’s Arctic offshore, arguing the revisions will reduce unnecessary regulatory...
Categories: Maritime News
