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- gCaptain Read
Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.
- gCaptain Read
UK Tightens Russian Oil Sanctions as U.S. Weighs Relief
Britain has expanded its sanctions against Russia’s oil industry, targeting two more energy companies, a dozen shadow-fleet tankers and financial networks used to move money around Western restrictions. The measures,
- gCaptain Read
Trump Weighs Lifting Shadow Fleet Sanctions as Tanker Rates Soar
By Timothy Gardner and Jarrett Renshaw WASHINGTON, Oct 14 (Reuters) – The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products
- gCaptain Read
Ship Fuel Market Fragments as Middle East Conflict Hits Trade
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.
- gCaptain Read
Seven Sailors Missing as Drones Strike Tankers Near Romania
Rescuers were searching for seven missing crew on Thursday from one of two chemical tankers that caught fire overnight just outside Romanian territorial waters in the Black Sea, after Russian drones strayed into national airspace, Romanian officials said.
- gCaptain Read
U.S. Forces Destroy Iranian-Linked Dhow Accused of Targeting Navy Ships
U.S. forces destroyed an Iranian-affiliated dhow in the Gulf of Oman on October 6 after determining that the vessel was conducting surveillance and helping target American warships, U.S. Central Command
- gCaptain Read
Port of Savannah Wins Approval for $2.3 Billion Container Terminal
Georgia Ports has secured federal approval for a $2.3 billion container terminal that will add 3.5 million TEUs of capacity at the Port of Savannah.
- gCaptain Read
Bulk Carrier Sinks Weeks After Deadly Strait of Hormuz Strike
By Jonathan Saul and Renee Maltezou LONDON, Oct 14 (Reuters) – A container ship and a dry bulk carrier have both sunk near the Strait of Hormuz in the past
- gCaptain Read
Qatar Rewrites Its Gas Playbook With Old Tankers and New Tactics
Six months into a war that sowed upheaval in the Persian Gulf, Qatar found itself stuck. By late August, even limited shipments from the gas heavyweight had all but stopped following a projectile attack on one of its tankers outside the Strait of Hormuz. Pressure was growing, not only from energy-starved clients but also from inside an economy built on regular deliveries.
- gCaptain Read
Yemen’s Houthis Vow More Attacks on Saudi Airports, Oil Facilities After Aramco HQ Hit
Yemen's Houthis vowed on Wednesday to press on with attacks on airports and oil facilities in Saudi Arabia, a day after a strike that sources said caused extensive damage to the headquarters of oil giant Saudi Aramco2223.SE.
- gCaptain Read
U.S. Shipping Regulator Proposes $200,000 Fees on Spanish Ships Over Port Ban
The U.S. Federal Maritime Commission (FMC) is proposing $200,000 fees on Spanish-flagged vessels entering American ports, along with restrictions on billions of dollars in Spanish imports, after concluding that Spain’s
- gCaptain Read
JPMorganChase Names Shipbuilding Leaders Under $1.5 Trillion Industrial Initiative
JPMorganChase has appointed two senior leaders to help expand its support for U.S. shipbuilding and the maritime industry under its $1.5 trillion Security and Resiliency Initiative (SRI), a 10-year effort
- gCaptain Read
Containership Sinks as Hormuz Attacks Spiral Out of Control
A Singapore-flagged containership has sunk after being struck by a projectile in the Strait of Hormuz, as a widening series of attacks on merchant shipping raises fresh questions about U.S.
- gCaptain Read
Royal Navy’s Only Ice Patrol Ship Faces Uncertain Future After Defect
The Royal Navy’s only dedicated ice patrol ship has been towed from Teesside to Devonport following a reported defect, raising questions about Britain’s ability to maintain its maritime presence in the polar regions as the government works toward a replacement.
- gCaptain Read
Trump Touts Taiwan-Alaska LNG Deal Taipei Hasn’t Finalized
President Donald Trump said Taiwan had agreed to buy 30% of the liquefied natural gas from a planned project in Alaska for 20 years, even as Taipei indicated that no binding commitments have been finalized.
- gCaptain Read
Container Ship Sinks Near Hormuz After Being Hit by Projectile, Sources Say
A container ship has sunk near the Strait of Hormuz after being hit by a projectile and a separate dry bulk vessel is sinking in another incident, maritime security sources said on Wednesday.
- gCaptain Read
Port of Los Angeles Sets All-Time Cargo Record as Imports Surge
The Port of Los Angeles handled a record 1,042,652 twenty-foot equivalent units (TEUs) in September, marking the busiest month in its 118-year history as strong consumer demand and shifting global
- gCaptain Read
Saudi Arabia Strikes Houthi Targets as Red Sea War Escalates
Yemen's Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday after a Saudi-led coalition warned civilians to stay away from an oil depot on the city's outskirts, part of a rapidly escalating war between the sides.
- gCaptain Read
ABS Helps Industry Put Augmented Reality to the Test
Augmented reality (AR) can help industrial crews perform tasks more efficiently and consistently, but widespread deployment will depend on demonstrating that productivity gains can be achieved without compromising safety. That’s
- gCaptain Read
Fire Forces Crew to Abandon Research Vessel Off Louisiana
A fire aboard a seismic research vessel in the Gulf of Mexico forced dozens of crew members to abandon ship Monday, with nearby offshore supply vessels helping bring the evacuees
- gCaptain Read
Supertankers Turn From Gulf Oil Transfer Hub Amid Iran’s Attacks
A growing number of empty supertankers have been turning away from the Persian Gulf as escalating Iranian attacks threaten a critical transfer hub for wartime oil shipments.
- gCaptain Read
Trump’s Diesel Deal Irks Allies and Is Unlikely to Reduce Prices
President Donald Trump’s deal for Russian diesel exposed the US to legal questions, opened a rift with his Republican allies and European leaders and heightened tensions with Ukraine — all in exchange for an outcome that experts suggest is unlikely to succeed.
- gCaptain Read
11 Missing as Drone Attacks Strike Two Ships Near NATO Waters
Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.
- gCaptain Read
France Seizes Another ‘Shadow Fleet’ Tanker; Russia Decries ‘Piracy’
France's military was taking a tanker suspected to be part of Russia's "shadow fleet" skirting Western sanctions to Reunion island on Tuesday in what Moscow called another act of "piracy."
- gCaptain Read
South Korean President Hails Arctic Container Shipping Trial, but Commercial and Sanctions Questions Remain
South Korean President Lee Jae Myung welcomed the PanStar Acro and its crew home on Tuesday after the container ship completed the country’s first round-trip commercial trial through the Arctic to Europe, hailing the voyage as a potential alternative to traditional shipping lanes even as questions remain over commercial viability and cooperation with Russia.
- gCaptain Read
Bulgaria Points to Russia as Drones Hit More Cargo Ships
Bulgaria summoned Russia’s ambassador to Sofia after two ships were hit off the country’s coast, as concerns mount over the security of Black Sea shipping.
- gCaptain Read
Matson Christens First Aloha Class Containership at Hanwha Philly Shipyard
Matson has christened the first of three new Jones Act containerships at Hanwha Philly Shipyard, marking another milestone in the carrier’s $1 billion fleet renewal program as the Philadelphia yard
- gCaptain Read
Moxie Media to Launch Moxie Connect 2026 Event Alongside the International WorkBoat Show
Moxie Media will host its first dedicated user event, Moxie Connect: User Conference 2026, a complimentary event open to all maritime professionals, on Wednesday, December 2, at the Ernest N.
- gCaptain Read
Connecting maritime digitalisation to process
While the technology needed to digitalise maritime operations is already here, much remains to be done to ensure organisations and their people are equipped to use it effectively, according to
- gCaptain Read
ABS, U.S. Energy Department Team Up on Nuclear-Powered Ships
The American Bureau of Shipping (ABS) and the U.S. Department of Energy (DOE) have signed an agreement to advance the use of nuclear power in commercial shipping, including nuclear-powered vessels,
- gCaptain Read
ABS and U.S. Department of Energy Sign MOU on Maritime Applications of Advanced Nuclear Technology
ABS and the U.S. Department of Energy’s (DOE) Office of Nuclear Energy have signed a memorandum of understanding to advance modern commercial nuclear technology at sea. The agreement spans floating
- gCaptain Read
New Reports Reveal Five More Ships Hit Near Hormuz
Five more commercial vessels were struck in and around the Strait of Hormuz on Sunday, including a containership and four tankers, as attacks on merchant shipping continue to escalate across
- gCaptain Read
Soaring Tanker Rates Leave Americas Awash in Crude Oil
Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits.
- gCaptain Read
Deadly Attacks on Saudi Arabia Risk Wider War That Draws In US
This weekend’s deadly attacks on Riyadh’s main airport have demonstrated the ability of Yemen’s Houthis to strike at the heart of Saudi power, raising the risk of a dangerous escalation that could draw in the US.
- gCaptain Read
EU Targets Major Russian Shipyards in Sweeping Sanctions Expansion
The European Union has imposed sanctions on some of Russia’s most important shipyards, including major submarine builders, naval ship-repair facilities and yards involved in commercial vessel construction, as part of
- gCaptain Read
Shipping’s LNG Boom Faces a Methane Problem
For a decade, LNG has been sold to shipowners as the sensible bridge fuel. Cleaner than heavy fuel oil, widely available and backed by mature engine technology, it has won
- gCaptain Read
Sweden Releases Sanctioned Russian Shadow Fleet Tanker After Seven-Month Detention
Swedish authorities have cleared the sanctioned tanker Sea Owl 1 to leave the country after nearly seven months at anchor, following confirmation that the vessel is now legitimately registered under
- gCaptain Read
Saudi Eyes 10 Million Barrels a Day of Oil Pipe Capacity
Saudi Arabia is looking at ways to expand its oil pipeline capacity to destinations outside the Persian Gulf to 10 million barrels a day within two to three years, said Energy Minister Prince Abdulaziz bin Salman.
- gCaptain Read
Iran Says US Response To Its Proposal To Reopen Hormuz Was ‘Insufficient’
DUBAI, Oct 11 (Reuters) – The United States’ response to Iran’s seven conditions in a proposal to reopen the strategic Strait of Hormuz was “insufficient”, Iran’s security chief, Mohsen Rezaei, was quoted by state
- gCaptain Read
Trump Says Russia and Ukraine Agreed to ‘Energy Ceasefire’
By Catherine Lucey and María Paula Mijares Torres Oct 11, 2026 (Bloomberg) –President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately. “Both parties
- gCaptain Read
Republican Senator Says Trump’s Russian Diesel Deal May Be Illegal
By Jan Wolfe Oct 11 (Reuters) – Republican US Senator Thom Tillis on Sunday said President Donald Trump’s diesel supply deal with Russia may be illegal and will put American lives at risk, adding to bipartisan
- gCaptain Read
More Tankers Hit in Hormuz as U.S. Strikes Cargo Ship
Two more tankers have been struck in the Strait of Hormuz as U.S. forces disable a cargo vessel in the Gulf of Oman, extending a sharp escalation in attacks on commercial shipping.
- gCaptain Read
South Korea Completes Arctic-Europe Commercial Voyage
By Joyce Lee SEOUL, Oct 11 (Reuters) – A South Korean container ship completed the country’s first commercial round trip to Europe via the Arctic on Sunday, as authorities bank on the
- gCaptain Read
US Says It Disabled Cargo Vessel Trying To Run Iran Blockade
Oct 10 (Reuters) – The US military said on Saturday it had disabled a commercial cargo vessel in the Gulf of Oman after the ship’s crew ignored warnings and attempted to run
- gCaptain Read
Dutch Propose Law To Crack Down On Russian Shadow Fleet
By Patrick Van Oosterom Oct 9, 2026 (Bloomberg) –The Dutch government proposed a legal change to crack down more effectively on Russia’s shadow fleet, prompting the Russian embassy to threaten its
- gCaptain Read
UAE Rescues 22 Crew Members After Oil Tanker Catches Fire In Gulf
Oct 10 (Reuters) – The United Arab Emirates National Guard said on Saturday it had rescued 22 Asian crew members after a fire broke out aboard an oil tanker in Gulf waters.
- gCaptain Read
Tiny Drones Help Tackle Shell’s Million-Dollar Hurricane Problem
By Lucia Kassai Oct 9, 2026 (Bloomberg) –When hurricanes sweep through the Gulf of Mexico, oil companies can lose millions of dollars waiting for the all-clear to restart production. Shell Plc
- gCaptain Read
Trump Strikes Diesel Deal With Putin to Lower Fuel Prices Ahead of Midterms
President Donald Trump said Friday that Russia has agreed to release millions of tons of diesel fuel into U.S. and global markets following a telephone call with Russian President Vladimir
- gCaptain Read
Container Surge Continues at Port of Los Angeles
The Port of Los Angeles reported its best single month in its history. In a media briefing, port executive director Gene Seroka announced the port processed 1,042,652 TEUs, 23k TEUs more than the July 2025 record.
- gCaptain Read
Vessel Struck by Unknown Projectile Off UAE Coast Amid Surge in Attacks, UKMTO Says
A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources.
- gCaptain Read
From Policy to Practice: Shipping’s Regulatory Autumn Puts Proof on Trial
The past fortnight has delivered a clear reminder that the industry’s regulatory problem is no longer a shortage of rules. It is the widening distance between what is agreed in London and Brussels and what can actually be demonstrated on deck, in the engine room and in a ship’s emissions data.
- gCaptain Read
Isaias Puts 500,000 Barrels a Day of Refining Capacity at Risk
Nearly 500,000 barrels a day of oil-refining capacity sit in the projected path of Hurricane Isaias, raising the risk that a US fuel market with no supplies to spare will lose critical output.
- gCaptain Read
Global Oil Tanker Shortage is Getting Worse By the Day
For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space.
- gCaptain Read
Second Ship Struck Inside Persian Gulf in Three Days
A commercial vessel was struck by a projectile in the Persian Gulf on Friday, sparking a fire onboard in the second reported attack on shipping inside the Gulf in just
- gCaptain Read
Hurricane Isaias Strengthens Into Major Category 3 Storm Ahead of Gulf Coast Landfall
Hurricane Isaias strengthened into a major Category 3 hurricane Friday morning, with sustained winds reaching 120 mph as the storm approached the northern Gulf Coast, threatening life-threatening storm surge and
- gCaptain Read
Equinor Brings Shell Into $14 Billion Bay du Nord Project
Shell has agreed to acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, bringing a new partner into the estimated C$14 billion development as it
- gCaptain Read
Thordon Bearings adds production plant to meet growing demand
Thordon Bearings has opened a new manufacturing facility as part of its strategic response to robust growth across all business segments and rising demand for its sustainable bearings and seals.
- gCaptain Read
Before You Audit the Charge, Audit the Evidence
Why Document Verification Is Becoming Essential in Ocean Freight For years, freight audit has focused primarily on the numbers. Was the correct rate applied? Was the fuel surcharge calculated properly? Does the accessorial match the
- gCaptain Read
Ethanol Could Offer Shipping Another Path to Lower Emissions
A new study from the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping finds that ethanol could become a practical alternative fuel for ships, particularly those already equipped with methanol-capable
- gCaptain Read
Houthis Kill Three in Strikes on Saudi Arabian Airports
The Houthis struck two airports in Saudi Arabia in the past two days, killing three people and injuring dozens as the Iran-backed militant group intensifies its attacks on the kingdom from Yemen.
- gCaptain Read
EU Imports Record 12.18 Million Tonnes of Russian Arctic LNG
Europe's estimated bill reaches €7.88 billion through September as U.S. sanctions deadline adds uncertainty for Yamal's specialized tanker fleet.
- gCaptain Read
Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market
(Bloomberg) — Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been
- gCaptain Read
U.S. Sanctions 22 More Tankers in Crackdown on Iran’s Shadow Fleet
The United States on Thursday imposed sanctions on 22 tankers and dozens of individuals and companies linked to Iran’s oil trade, expanding its campaign to cut off Tehran’s remaining petroleum
- gCaptain Read
U.S. Container Imports Slow After Stronger-Than-Expected Summer
U.S. container imports are finally beginning to slow after an unusually long peak shipping season that stretched through the summer and into early fall, according to the latest Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates. The slowdown comes after months of stronger-than-expected cargo volumes at major U.S. ports, as retailers continued bringing in merchandise despite tariffs, inflation and higher transportation costs.
- gCaptain Read
Hurricane Isaias Shuts Down Nearly Two-Thirds of Gulf Oil Production
Nearly two-thirds of U.S. Gulf of Mexico oil production has been shut down as Hurricane Isaias strengthens ahead of an expected landfall along the northern Gulf Coast, prompting widespread evacuations
- gCaptain Read
Supertankers Racing to Middle East Worsen Global Ship Crunch
(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that
- gCaptain Read
Attack Risks Rise for Tankers as Iran Vows to Block More Hormuz Routes
Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.
- gCaptain Read
TOTE, Hanwha Finalize Deal to Build U.S. Missile Defense Ship
TOTE Services has finalized its contract with the U.S. Maritime Administration to oversee construction of a new generation of missile-tracking ships, clearing the way for Hanwha Philly Shipyard to begin
- gCaptain Read
Tanker Attack Off Qatar Signals Wider Threat Beyond Hormuz
A chemical tanker was struck by multiple projectiles off the coast of Qatar on Wednesday, with casualties reported among its crew, in the latest attack on commercial shipping as violence
- gCaptain Read
UK Sanctions 12 More ‘Shadow-Fleet’ Tankers as Russia’s Arctic Traffic Grows
The United Kingdom on Thursday sanctioned 12 oil tankers it identified as part of Russia's shadow fleet, including the 22-year-old Dakar that is currently making an unusual late-season voyage on the Northern Sea Route.
- gCaptain Read
Turkey Says Russia, Ukraine Increasing Attacks in Black Sea Ahead of Winter
Intensifying attacks by Russia and Ukraine ahead of the winter are further endangering navigational safety in the Black Sea, Turkish Foreign Minister Hakan Fidan said on Thursday, adding that world powers must not allow the region to be turned into a new front in the war.
- gCaptain Read
Subcontinent Ports Benefiting from Geopolitical Disruptions
Today's trade flows resemble a windy waterpark slide more than the traditional waterway superhighway. The three-dimensional chess game being played by ocean carriers and tankers has delivered big bucks in day rates, container rates, and surcharges. But there is a group of winners not currently being highlighted.
- gCaptain Read
Mexican Auto Exports Slump in September as US Tariffs Take Toll
Mexico's auto exports posted their biggest slump so far this year, data from statistics office INEGI showed on Wednesday, a decline analysts attributed to tariff policies from the US, the biggest market for the Latin American country's top industrial sector.
- gCaptain Read
India Shuns Costly Russian Oil as Middle East Flows Recover
Indian refiners have cut back Russian crude purchases for November delivery, as rising competition from China pushes up prices at a time when buyers can tap alternative shipments from the Middle East.
- gCaptain Read
Sanctioned 22-Year-Old Tanker Makes Rare Late-Season Arctic Voyage
A 22-year-old product tanker sanctioned by the European Union is making an unusual late-season voyage along Russia’s Northern Sea Route, highlighting the growing use of older, lower-specification vessels to move petroleum products through the Arctic.
- gCaptain Read
South Korea Denies Ukrainian Report That It Eased Russia’s Fuel Crisis
South Korea's presidential office on Wednesday dismissed a Ukrainian report that Russia has imported petroleum products from South Korean ports, calling the accusation inappropriate.
- gCaptain Read
Asia’s maritime community to take centre stage at upcoming WISTA 2026
The strength, dynamism and diversity of Asia’s buoyant maritime community will be evident at the 2026 WISTA AGM and Conference gathering in Kuala Lumpur later this month, as industry leaders,
- gCaptain Read
ABS Issues AIP and Completes Basic Design Review for SHI’s Entire FLNG Topsides Facilities
ABS has issued approval in principle (AIP) and completed a basic design review (BDR) for a natural gas liquefaction system developed by Samsung Heavy Industries (SHI) for the topside of
- gCaptain Read
Port of Savannah Sets September Container Record as Imports Rise
The Port of Savannah handled a record 504,015 twenty-foot equivalent units in September, up 3.7% from a year earlier as strong imports and a later-than-usual peak season boosted volumes.
- gCaptain Read
Trafigura Buys Seven Oil Tankers From SFL as Shipping Costs Rise
Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products.
- gCaptain Read
New Maryland Defense Shipyard Gets $6.6 Billion Commitment and Trump Visit
Defense tech firm Anduril unveiled plans on Tuesday for a $3.7 billion shipyard in Maryland that is expected to generate 3,100 jobs, in a ceremony attended by President Donald Trump.
- gCaptain Read
Ships Take Long Way Around as Drought Snarls Panama Canal
Maritime traffic through the Strait of Magellan jumped more than 70% both in August and September from year-ago levels as ships diverted from the drought-stricken Panama Canal, Chilean Navy data requested by Bloomberg show.
- gCaptain Read
Attacks on Tankers in Hormuz Hit Highest of Any Week Since Start of Iran War, Sources Say
Attacks on tankers sailing through the Strait of Hormuz hit their highest last week of any week since the Iran war began, according to maritime security sources tracking incidents, amid a bigger export push by Gulf producers.
- gCaptain Read
Anduril to Build Massive Maryland Shipyard for Virginia-Class Submarine Components
Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture major components for Virginia-class attack submarines, backed by a U.S. Navy contract worth up to $2.9
- gCaptain Read
China Completes First Season of Regular Arctic Container Service
China has completed the first season of regular weekly container shipping between China and Europe via the Northern Sea Route, with the operator completing all eight sailings planned for 2026 before ending departures slightly earlier than scheduled because of Arctic ice forecasts.
- gCaptain Read
Qatar Brings Empty LNG Ships Into Gulf in Potential Export Boost
Qatar has amassed a fleet of empty liquefied natural gas tankers in the Persian Gulf, a sign that one of the world’s biggest exporters of the fuel may be preparing to boost shipments through the Strait of Hormuz.
- gCaptain Read
Houthis Attack Aden Airport as Fighting Intensifies in Yemen
Yemen's Houthis attacked Aden's international airport with ballistic missiles and explosive-laden drones on Wednesday, the country's Transport Ministry said, as fighting between the Iran-aligned group and Saudi-backed government forces intensified.
- gCaptain Read
Iran’s Offshore Oil Stockpile Nears Exhaustion as Blockade Chokes New Supply
Iran’s offshore crude stockpile in Southeast Asia is being rapidly depleted as the U.S. maritime blockade prevents fresh barrels from leaving the Persian Gulf, according to new tracking data from
- gCaptain Read
South Korean Operator Emerges as New Force in Arctic LNG Shipping
New company takes on four Arc4 LNG carriers as Seoul looks to expand Busan’s role in Arctic shipping. A newly established South Korean ship manager is emerging as a potential new player in Arctic LNG shipping, taking control of four ice-class LNG carriers while planning a rapid expansion into the specialized fleet needed to transport gas along Russia’s Northern Sea Route.
- gCaptain Read
Volare Jumps in Oslo Debut as Wave of Shipping IPOs Builds
Volare Shipping Ltd. jumped on its first day of trading in Oslo on Monday after the spin-off arm of Trafigura Group Pte. became the latest in a spree of tanker listings in the Norwegian capital.
- gCaptain Read
Gulf Oil Flows Rise to Average 81% of Pre-war Rate in September
Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, data showed, led by a recovery in Saudi exports despite attacks on the kingdom's oil infrastructure and escalating Iranian attacks on regional shipping, while Iranian exports fell to zero due to a US blockade.
- gCaptain Read
War in Ukraine Escalates With Drone Strikes on Cargo Ships
Attacks on commercial vessels off the Black Sea’s western coast are on the rise, threatening already-choked trade flows in the region while testing NATO’s readiness to react.
- gCaptain Read
Panama Canal Expands Advance Transit Reservations for 2027 Dry Season
The Panama Canal is expanding its long-term transit reservation program to the Panamax locks for the first time, giving more shipping customers the ability to secure passage months in advance
- gCaptain Read
IMO Chief Decries Rising Toll on Seafarers Caught in Conflict
Five seafarers were killed during the rescue of a hijacked ship off Somalia last week, prompting International Maritime Organization Secretary-General Arsenio Dominguez to issue yet another statement mourning merchant mariners
- gCaptain Read
A Dozen Seafarers Injured in Strait of Hormuz Tanker Attack, India Says
Twelve seafarers were injured after a Panama-flagged oil tanker was struck by a projectile while transiting the Strait of Hormuz, according to India’s Ministry of External Affairs, marking one of
- gCaptain Read
Drone Sinks Ship in Bulgaria’s Black Sea - Media Reports
The crew of a merchant ship was missing on Tuesday after the vessel sank in the Black Sea off NATO member Bulgaria following a drone strike that Prime Minister Rumen Radev described as a gross violation of international law.
- gCaptain Read
US Blockade Bottles Up Dozens of Iranian Tankers, Nonprofit Says
The US blockade of Iran is keeping dozens of laden tankers bottled up along the nation’s coast, while others outside the Persian Gulf are holding off Sri Lanka, according to United Against Nuclear Iran.
- gCaptain Read
Five Hormuz Incidents Reported Monday as Tanker Attacks Mount
UK Maritime Trade Operations reported five separate incidents involving commercial shipping in or near the Strait of Hormuz on Monday, including four tanker attacks and an incident in which Iran’s
- gCaptain Read
Coast Guard Proposes Dropping Six Mariner Training Requirements
The U.S. Coast Guard is proposing to eliminate six training and competency requirements for certain Merchant Mariner Credential endorsements, saying the rules exceed international standards and impose unnecessary costs on
- gCaptain Read
Kuwait Oil Output at 75% of Prewar as Hormuz Transits Rise
Kuwait is pumping oil at about 75% of the level seen before the Iran war as more tankers take the risk of navigating the Strait of Hormuz.
- gCaptain Read
Hackers Breached Propulsion System of US-Bound Oil Tanker
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that highlights the growing physical risks from cyberattacks.
- gCaptain Read
Opinion: Oil’s New Problem Isn’t Supply. It’s Logistics
Middle East crude exports recently climbed to their highest levels since the start of the Iran war as more Gulf producers resume transit through the Strait of Hormuz – despite the continued threat of Iranian attacks. Yet oil prices remain stubbornly elevated, suggesting logistical problems are proving as disruptive as outright supply losses.
- gCaptain Read
Saudi-Backed Forces Claim Control of Bab el-Mandeb Strait
Saudi-backed Yemeni government forces have secured effective control of the Bab el-Mandeb Strait, Yemen's Information Minister Moammar al-Eryani told Reuters on Monday, though fighting continues with Houthi forces in the area.
- gCaptain Read
Strong Freight Markets Keep Aging Ships Out of Recycling Yards
Strong freight markets kept aging vessels trading through the third quarter despite rising scrap prices and strong demand from ship recyclers, according to a new market review from GMS, the
- gCaptain Read
More Tankers Hit in Hormuz as IRGC Orders Ship to Turn Back
The security situation in the Strait of Hormuz deteriorated further over the weekend as UK Maritime Trade Operations reported several additional tanker attacks and a separate incident in which Iran’s
- gCaptain Read
From Residue to Resource – the Rise and Risks of Marine Biofuels
By Mark Smith, Director – Decarbonisation, NorthStandard While corn, sugarcane, wheat, or vegetable oils can be converted into fuel, their use for foodis driving demand to develop waste or bi-products from agricultural, forestry, food-processing and other biological industries as more prudent alternatives. Bio-residues can, for example, be used to derive fuels or fuel
- gCaptain Read
Middle East Oil Exports Top Pre-War Levels for Part of September But Tanker Attacks Increase
Gulf oil exporters topped pre-war levels for about half of September, shipping data showed on Monday, though attacks on tankers and logistical constraints cloud the outlook for sustained higher flows.
- gCaptain Read
LNG Trade Through Hormuz Extends Rebound Despite Shipping Risks
Shipments of liquefied natural gas through the Strait of Hormuz extended a rebound that began in September, as the region’s producers seek to restore supplies to energy-starved customers.
- gCaptain Read
Shadow Fleet Traffic on Northern Sea Route Surges as Arctic Safety Concerns Grow
The number of shadow-fleet vessels carrying Russian oil and LNG through the Northern Sea Route has surged this summer, according to a new analysis by the Bellona Environmental Transparency Center, raising concerns about the ability to respond to accidents in one of the world's most remote shipping environments.
- gCaptain Read
US Carrier George H.W. Bush Visits Thailand After Six-Month Middle East Deployment
PHUKET, Thailand, Oct 4 (Reuters) – The US aircraft carrier George H.W. Bush arrived in Thailand’s resort island of Phuket on Sunday with about 4,800 personnel aboard for a rest-and-recreation break after
- gCaptain Read
Middle East Crude Oil Exports Exceed Pre-War Levels But Attacks Increase
By Florence Tan SINGAPORE, Oct 5 (Reuters) – Crude oil exports from the Middle East rose above pre-war levels in four of the seven days of the final week of September, shipping data showed
- gCaptain Read
Saudi Arabia Unexpectedly Cuts Oil Prices To Asia
By Yomna Ehab and Siyi Liu Oct 5 (Reuters) – Saudi Arabia has unexpectedly cut November crude oil prices for Asia while it raised those for northwest Europe and the
- gCaptain Read
Iraq Shifts Oil Strategy By Arranging Tanker To Move Past Hormuz
By Salma El Wardany Oct 4, 2026 (Bloomberg) –Iraq’s state tanker company arranged a very large crude carrier to transport 2 million barrels beyond the Strait of Hormuz, marking a move
- gCaptain Read
US Coast Guard Searches For Aircraft Carrying Six Bound For Boston
By Sheila Dang Oct 3 (Reuters) – A medical transfer aircraft carrying six people was reported missing on a flight from Bermuda to Boston, the US Coast Guard said on Saturday. The Federal Aviation
- gCaptain Read
US Adds Carrier And 10,000 Troops To Mideast
By Tony Capaccio Oct 3, 2026 (Bloomberg) –The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move
- gCaptain Read
Russia Hits Liberian-Flagged Ship In Ukraine’s Odesa port, Kills One
KYIV, Oct 3 (Reuters) – Russia has attacked a Liberian-flagged cargo ship in one of Ukraine’s Black Sea ports in the Odesa region, killing one person and injuring three, the Ukrainian sea ports administration
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Trump Says He Did Not ‘Jump The Gun’ On South Korea Alaska LNG Investment Announcement
By Nandita Bose and Timothy Gardner Oct 2 (Reuters) – US President Donald Trump said on Friday he did not “jump the gun” on announcing a South Korean investment in Alaska LNG, a liquefied
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Six Vessels Hit in Strait of Hormuz Since Sunday
Another tanker has been struck in the Strait of Hormuz, bringing the number of vessels reported hit in the strategic waterway since Sunday to at least six. UK Maritime Trade
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Three Dead, Two Missing After Rescue Boat Capsizes Off South Africa
Three seafarers have died and two remain missing after a rescue boat capsized during an emergency response from the South African emergency towing vessel Umkhuseli. The incident occurred Wednesday, September 30,
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Port Congestion Ties Up 12% of Global Global Container Shipping Capacity
Global shipping is not running short of ships. The bigger problem is that a growing share of them are getting caught in congestion. Roughly 12% of global container ship capacity
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Saudis Plan Assault on Houthis to Break Red Sea Chokehold
Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters.
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G7 to Release Up to 100 Million Barrels of Diesel, Crude
The Group of Seven nations and its partners are to release as much as 100 million barrels of emergency oil and diesel stocks amid pressure from the Trump administration to quell rising fuel prices.
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U.S. Adds Carrier and 10,000 Troops to Middle East
The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move that gives American commanders more options if President Donald Trump chooses to escalate attacks on Iran.
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U.S. Coast Guard Intercepts ‘Dark Fleet’ Fuel Shipment to Cuba
The U.S. Coast Guard has intercepted a vessel carrying fuel to Cuba after an international enforcement operation found large quantities of fuel concealed inside the ship’s ballast tanks. The Coast Guard
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No Lights, No Radio: Getting Oil Through Hormuz Is a Risky Job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell them of the attack.
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Alaska LNG Could Cost More Than Double Gulf Coast Rivals, Raising Questions Over Economics
US President Donald Trump's push to steer $54 billion of South Korean investment into Alaska LNG is putting a fresh focus on a 20 million-ton-a-year export project that would cost more than twice as much as a comparable US Gulf Coast plant.
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UK Hits Eight Russian Ships in New Sanctions Package
The United Kingdom has imposed sanctions on eight ships as part of a broader package targeting Russian energy revenues, maritime logistics and individuals accused of supporting Moscow’s war in Ukraine.
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Another Tanker Hit in Strait of Hormuz as Attacks Continue
A tanker has been struck by an unknown projectile while transiting the Strait of Hormuz, the latest in a string of attacks that have emerged over the past several days
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U.S. Targets Iran’s Rail and Shadow Banking Networks as Maritime Blockade Tightens
The Trump administration expanded its economic campaign against Iran on Thursday, targeting the country’s rail system, major industrial companies and a Russia-linked shadow banking network that U.S. officials say has
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Resilience Doesn’t Equal Security- Lloyd’s List
Strait of Hormuz transit data for the month of September reveals how the oil and container markets are tactically adjusting to the U.S./Israel war on Iran.
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Premier Alliance Prepares for Asia-N Europe Services Return to Suez
October will see almost all global ocean carriers make a tentative return to Suez transits on Asia-Europe sailings, after revised pro forma shipping schedules show the Premier Alliance is set to send one of its vessels on the route through the Red Sea and Egyptian waterway.
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Nuclear-Powered LNG Carrier Would Cost 2.5 Times More to Build, Study Finds
A nuclear-powered LNG carrier could cost roughly 2.5 times as much to build as a conventional vessel, but lower fuel costs could significantly change the economics over the ship’s operating
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