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From
Mike Schuler
via
gCaptain
Chinese COSCO Tanker Delivers Asphalt to Connecticut Under Jones Act Waiver
The debate over the Trump administration’s emergency Jones Act waiver intensified this week after the American Maritime Partnership (AMP) highlighted the arrival of a Chinese-owned tanker carrying asphalt from Louisiana...

From
Mike Schuler
via
gCaptain
World’s Top Economic Bodies Warn Hormuz Disruptions Are Draining Oil Inventories at Record Pace
The heads of four of the world’s top economic and energy institutions issued a rare joint warning Friday, saying ongoing disruptions to shipping through the Strait of Hormuz are creating...

From
Mike Schuler
via
gCaptain
UK Plans Tougher Penalties for Ships That Damage Subsea Cables
The UK government is preparing new legislation that would impose tougher penalties on shipowners and operators who intentionally or recklessly damage subsea telecommunications cables, citing growing concerns about threats to...

From
Mike Schuler
via
gCaptain
Porsche Wins Felicity Ace Lawsuit as Cause of Fire Remains Unproven
Porsche has won a key legal battle stemming from the loss of the car carrier Felicity Ace, with a German court reportedly rejecting claims that a Porsche Taycan battery caused the...

From
Mike Schuler
via
gCaptain
Trump Claims Breakthrough on Hormuz, But Shipping Questions Remain
President Donald Trump said Friday that the Strait of Hormuz must immediately reopen to unrestricted commercial shipping as part of a proposed agreement with Iran, signaling what could be a...

From
Mike Schuler
via
gCaptain
Australia Names First Ship in Strategic Fleet
Australia has selected the ANL Kokoda as the first vessel in its Strategic Fleet Pilot Program, launching a key element of the Albanese government’s plan to rebuild the nation’s sovereign...

From
Bloomberg
via
gCaptain
‘Very Real Risks’: Chevron CEO Says Vessels Attacked This Week in Hormuz
By Kevin Crowley, Annmarie Hordern and Jonathan Ferro (Bloomberg) — Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain...

From
Bloomberg
via
gCaptain
US, Iran Reach Deal on Extended Ceasefire Pending Trump Approval
The US and Iran have reached a preliminary deal to extend a ceasefire by 60 days and discuss the future of Tehran’s nuclear program, a person with knowledge of the matter said, buoying hopes for a resolution to a three-month conflict that has killed thousands and roiled the global economy.

From
Mike Schuler
via
gCaptain
U.S. Targets Iran Shipping Network With New Sanctions
The U.S. Treasury Department on Thursday unveiled a fresh round of sanctions targeting a network of shipping companies, tanker operators, and commercial facilitators allegedly involved in Iranian petroleum and petrochemical...

From
Mike Schuler
via
gCaptain
Cheniere Moves Ahead With Sabine Pass LNG Expansion
Cheniere Energy Partners has taken a key step toward expanding its flagship Sabine Pass LNG export terminal in Louisiana, signing an engineering, procurement and construction contract with Bechtel for the...

From
Mike Schuler
via
gCaptain
Diana Shipping Sweetens Bid for Genco as Takeover Battle Escalates
Dry bulk shipping takeover drama intensified Thursday as Diana Shipping Inc. raised its all-cash offer for Genco Shipping & Trading Limited to $24.80 per share, increasing pressure on Genco’s board...

From
Reuters
via
gCaptain
Report Says Iran and U.S. Reach Outline Ceasefire Deal After Latest Attacks
By Jana Choukeir, Enas Alashray and Phil Stewart WASHINGTON/DUBAI, May 28 (Reuters) – The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President...