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From
Mike Schuler
via
gCaptain
Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties
Months of tariff-driven frontloading appear to have paid off for U.S. importers. As expected, President Donald Trump on Friday reinstated broad-based tariffs on imports from 60 trading partners, replacing the...

From
Reuters
via
gCaptain
Trump Revives Global Tariffs Under New Legal Authority
The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labor, just as a temporary 10% global tariff expired.

From
Reuters
via
gCaptain
Hormuz Tanker Crossings Slip to Lowest in More Than Two Months, Data Shows
The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel.

From
Mike Schuler
via
gCaptain
Houthi Attacks on Saudi Tankers Constrict Crude Trade
The flow of Middle East energy trade is evolving yet again after attacks on two tankers in the Red Sea by Iran-backed Houthi militants. In a recent maritime security webinar,...

From
Mike Schuler
via
gCaptain
Saronic, Samsung Heavy Industries Partner to Advance Autonomous Shipbuilding in the U.S.
Partnership combines U.S. autonomy technology with South Korean shipbuilding expertise as Saronic expands its domestic manufacturing footprint Saronic and South Korea’s Samsung Heavy Industries (SHI) have announced a strategic partnership...

From
Reuters
via
gCaptain
Iran Flew IRGC Commanders, Missile Gear to Yemen’s Houthis, Sources Say
July 23 (Reuters) – Iran flew Islamic Revolutionary Guard Corps (IRGC) commanders, military advisers and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is...

From
Mike Schuler
via
gCaptain
Container Spot Rates Fall as Capacity Growth Pressures Freight Rates
Spot container freight rates continued to ease this week as additional vessel capacity and softer demand weighed on the world’s major east-west trade lanes, according to the latest Drewry World...

From
Mike Schuler
via
gCaptain
DP World Expands UAE Gateway Bypassing the Strait of Hormuz
DP World has signed an agreement in principle with the Fujairah Ports Authority to develop two new port terminals on the UAE’s east coast, expanding capacity at a strategically located...

From
Mike Schuler
via
gCaptain
Trump Warns Iran of ‘Major Military Punishment’ After Houthi Tanker Attacks
President Donald Trump on Thursday threatened direct military retaliation against Iran after Yemen’s Houthi movement resumed attacks on commercial shipping, targeting two Saudi oil tankers in the Red Sea and...

From
Malte Humpert
via
gCaptain
Arctic LNG 2 Train 3 Modules Offloaded at Novatek Yard, but Satellite Images Show Construction Still Largely Idle
The first two topside modules intended for the third production train of Russia’s Arctic LNG 2 project have been offloaded at Novatek’s Belokamenka construction yard, although newly obtained satellite imagery suggests large-scale assembly work remains largely on hold.

From
Mike Schuler
via
gCaptain
Houthis Resume Attacks on Shipping, Claim Strikes on Two Saudi Tankers
Yemen’s Houthi movement has resumed direct attacks on commercial shipping, claiming responsibility for strikes on two Saudi oil tankers just minutes after the UK Maritime Trade Operations (UKMTO) reported a...

From
Mike Schuler
via
gCaptain
Port of Long Beach, MARAD Launch First U.S. Partnership on Nuclear-Powered Shipping
The Port of Long Beach has become the first U.S. seaport to formalize a partnership with the U.S. Maritime Administration (MARAD) aimed at advancing small modular reactor (SMR) technology for...