News
Articles

From
Mike Schuler
via
gCaptain
ABS Calls for More Flexible IMO Decarbonization Framework
ABS is urging regulators to adopt a more flexible approach to the International Maritime Organization's greenhouse gas reduction framework, arguing that fuel availability and infrastructure constraints could make it difficult for large segments of the global fleet to comply with increasingly stringent emissions rules.

From
Mike McDonald
via
gCaptain
ABS Grants Approval for Nuclear Reactor Integration in Vessel Design Developed Through MIT Maritime Consortium
ABS issued approval in principle (AIP) for the integration of a nuclear reactor into a cargo vessel propulsion system developed by the Massachusetts Institute of Technology (MIT), HD Korea Shipbuilding...

From
Reuters
via
gCaptain
OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure
By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even...

From
Reuters
via
gCaptain
Russian Forces Attack Rescue Vessels In Ukrainian Waters, Causing Injuries
June 6 (Reuters) – Russian forces have attacked two civilian search and rescue vessels in Ukrainian waters, causing injuries, Ukrainian Deputy Prime Minister Oleksiy Kuleba said on Saturday. “The enemy launched strikes on two boats of the...

From
Bloomberg
via
gCaptain
U.S. Counts Far More Hormuz Ship Transits Than Commercial Tracking Data Shows
American forces have counted nearly 1,000 commercial vessel transits in and out of the Strait of Hormuz in the last two months, according to an official familiar with US Central Command operations, a figure that’s higher than private sector estimates that rely mostly on ship transponders.

From
Mike Schuler
via
gCaptain
Treasury Targets Iranian LPG Smuggling Network as U.S. Pressure Campaign Intensifies
The Trump administration on Friday imposed a new round of sanctions targeting an international network accused of smuggling Iranian liquefied petroleum gas (LPG) and laundering revenue through shadow banking channels,...

From
Bloomberg
via
gCaptain
Why Lars Jensen Is Driving 40,000 Miles Across Africa to Study the Future of Trade
At nearly 40 years old, Lars Jensen’s Volkswagen camper van appeals to him mostly for its lack of modern features. The vehicle he calls “Sally” is just the right rig to drive around Africa over the next 18 months to explore the world’s most promising supply chain frontier.

From
Mike Schuler
via
gCaptain
Peak Season and Hormuz Crisis Fuel New Surge in Container Shipping Rates
Container freight rates are rising sharply across major east-west trades as the conflict in the Middle East, disruption at key Asian transshipment hubs, and growing fears of an energy crisis...

From
Mike Schuler
via
gCaptain
U.S. Boards Sanctioned Tanker as Iran Maritime Blockade Expands Into Indian Ocean
U.S. forces boarded a sanctioned tanker in the Indian Ocean overnight as Washington continued expanding a maritime enforcement campaign targeting vessels accused of supporting Iran’s oil trade. In a statement...

From
Bloomberg
via
gCaptain
Mercuria Lawyers Say Government Deals Got Oil Through Hormuz
Mercuria Energy Group Ltd. has moved oil through the Strait of Hormuz through government-brokered deals, according to legal filings that shine a rare light on how commodity traders are navigating the closely watched waterway during the Iran war.

From
Mike Schuler
via
gCaptain
Maritime Labor Coalition Renews Call to End Jones Act Waiver on Law’s 106th Anniversary
U.S. maritime labor leaders used the 106th anniversary of the Jones Act on Friday to renew calls for the Trump administration to end its emergency waiver program, arguing the policy...

From
Mike Schuler
via
gCaptain
Panama Canal to Reduce Neopanamax Draft Limit as El Niño Concerns Mount
The Panama Canal Authority (ACP) will reduce the maximum authorized draft for vessels transiting its Neopanamax locks beginning July 3, citing concerns over the potential development of El Niño conditions...