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From
Lori Ann LaRocco
via
gCaptain
Hormuz Shipping Traffic Shows No Sign of Recovery
Latest trade data show no dramatic changes in the flow of trade through the Strait of Hormuz and Bab el-Mandeb.

From
Bloomberg
via
gCaptain
Korea’s SK Shipping, H-Line Swap Tankers to Create LNG Giant
South Korean shipping companies SK Shipping Co. and H-Line Shipping Co. — both owned by private equity firm Hahn & Co. — will swap tankers and contracts to create one of the world’s largest operators of liquefied natural gas carriers.

From
Mike Schuler
via
gCaptain
Hormuz Disruption Cuts Both Ways for Maersk and Hapag-Lloyd
The disruption in the Strait of Hormuz is proving both costly and profitable for container shipping, with Gemini Cooperation partners Maersk and Hapag-Lloyd reporting sharply higher operating costs alongside stronger...

From
Mike Schuler
via
gCaptain
Major Salvage Effort Begins for Grounded Shadow Fleet Tanker Off Oman
Ambrey has launched a major international salvage operation for the grounded tanker Caroline Bezengi off Oman, deploying specialist personnel and equipment as crews race to stabilize the vessel amid a rapidly expanding...

From
Malte Humpert
via
gCaptain
Arctic Ice Damages Tanker as Russia Ramps Up Northern Sea Route Oil Shipments
A tanker suffered serious damage to its hull while navigating through Arctic sea ice despite being assisted by an icebreaker, highlighting the risks facing vessels using Russia’s Northern Sea Route as Moscow rapidly expands oil shipments through the Arctic.

From
Reuters
via
gCaptain
Maersk Raises Outlook for Second Time This Year After Second-Quarter Profit Surge
Danish shipping group Maersk MAERSKb.CO on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as the Middle East conflict, port congestion and strong demand pushed freight rates higher.

From
Mike Schuler
via
gCaptain
IRS Rules Out Key Tax Exemption for Foreign Ships Using Jones Act Waiver
The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption normally available...

From
Reuters
via
gCaptain
Ukraine Halts Strikes on Tankers Using Russian Port at U.S. Request
Ukraine has paused drone strikes on oil tankers using Russia's Black Sea port of Novorossiysk after a request from U.S. Vice President JD Vance, the Financial Times said on Wednesday, citing Ukrainian officials.

From
Reuters
via
gCaptain
Oil Spill From Grounded Shadow Fleet Tanker Could Rival Exxon Valdez
A vast oil spill in the Gulf is quickly becoming one of the world’s worst in years after being allowed to spread almost unchecked for weeks, according to international agencies, satellite imagery and environmental groups.

From
gCaptain
via
gCaptain
IEA Warns Oil Market Risks Mount as Hormuz Disruptions Drain Inventories
The International Energy Agency has again cut its outlook for global oil supply and demand as renewed fighting around the Strait of Hormuz disrupts Gulf exports, drains inventories and pushes...

From
Reuters
via
gCaptain
Taiwan Condemns ‘Dangerous’ Planned Chinese Navy Drill with Indonesia to Its East
Taiwan's government condemned planned Chinese navy drills with an Indonesian warship off its east coast, saying they were dangerous and showed Beijing was trying to create a false impression that it controls those waters.

From
Bloomberg
via
gCaptain
Trump Claims Hormuz Control as US, Iran Harden Their Stances
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their positions in deadlocked negotiations over the critical waterway.