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From
Bloomberg
via
gCaptain
Bluecore Energy Raises $50 Million for Maritime Nuclear System
By Laura Curtis (Bloomberg) — A Southern California startup with plans to deploy floating nuclear power plants may be one step closer to providing electricity to the busiest seaport complex in...

From
Mike Schuler
via
gCaptain
Shipping Nations Sound Alarm Over Threats to Freedom of Navigation
A group representing 18 major shipping nations is warning that growing geopolitical tensions, unilateral trade measures and the expansion of the shadow fleet are threatening the rules-based maritime system that...

From
Reuters
via
gCaptain
Brent Crude Oil Rises Above $100 a Barrel as Middle East Conflict Intensifies
Brent crude futures breached $100 a barrel on Wednesday for the first time since late July, as Iran and the U.S. hit tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen the ongoing impairment of energy supplies from the Middle East.

From
Mike Schuler
via
gCaptain
U.S. Container Imports Defy Expectations as Peak Season Stretches Into September
The peak shipping season at major U.S. container ports is proving longer than expected, with September now forecast to become the busiest month of the year for imports, according to...

From
Bloomberg
via
gCaptain
Shipping Nations Warn Global Trade Is Fracturing — And Everyone Pays
The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday.

From
Reuters
via
gCaptain
Iran and US Hit Tankers in Biggest Wave of Attacks on Shipping Since War Began
Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.

From
Mike Schuler
via
gCaptain
U.S. Destroys Five More IRGC Tankers After Iran Targets Navy Warship
U.S. forces destroyed five Iranian crude oil tankers Tuesday after the Islamic Revolutionary Guard Corps targeted a U.S. Navy warship with ballistic missiles twice over the past two days, according...

From
Mike Schuler
via
gCaptain
U.S. Adds 16 Maritime Training Centers Amid Shipbuilding Push
The U.S. Maritime Administration has designated 16 additional maritime training institutions as Centers of Excellence, expanding a federal program aimed at building the nation’s maritime and shipbuilding industries workforce. The...

From
Mike Schuler
via
gCaptain
Samsung Hits CMA CGM With $186 Million Shipping Complaint
Samsung Electronics America is seeking at least $186 million from CMA CGM in a new complaint before the Federal Maritime Commission, accusing the French shipping giant of sticking it with...

From
Mike Schuler
via
gCaptain
Europe’s Largest Carbon Capture Facility Opens, Sending CO2 by Ship to North Sea Storage
Europe’s largest industrial carbon capture facility has officially opened at Yara’s ammonia and fertilizer complex in Sluiskil, the Netherlands, creating a new cross-border CO2 supply chain that will rely on...

From
Bloomberg
via
gCaptain
Oil Tanker Company Says It’s Owed $55 Million in Rate Dispute
Oil tanker company Hunter Group ASA says it’s owed $55 million by a counterparty that’s disputing its contractual obligations after a surge in the world’s benchmark freight rate.

From
Mike Schuler
via
gCaptain
MSC Shipmanagement Fined $1.75 Million Over Illegal Oily Waste Discharges
MSC Shipmanagement Limited and the owner of the containership MSC Samira III have been ordered to pay a combined $1.75 million fine after pleading guilty to concealing illegal discharges of oily waste...