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From
Mike Schuler
via
gCaptain
Panama Canal Near Capacity as Hormuz Crisis Drives Surge in U.S. Energy Exports
Traffic through the Panama Canal is climbing sharply as disruption in the Strait of Hormuz drives more U.S. energy exports toward Asia and Pacific markets, pushing the waterway close to...

From
Mike Schuler
via
gCaptain
IMO Adopts First-Ever Global Rules for Autonomous Ships
The International Maritime Organization has adopted the world’s first international framework governing autonomous commercial ships, marking a major milestone in shipping’s push toward remotely operated and fully autonomous vessels. The new non-mandatory...

From
Mike Schuler
via
gCaptain
Drewry: Container Spot Rates Continue Climb as Early Peak Season Gains Momentum
Container freight rates continued their upward march this week as carriers pushed ahead with higher pricing on major East-West trade lanes amid signs that the traditional peak shipping season is...

From
Reuters
via
gCaptain
No Full Hormuz Flows Until First Half of 2027, UAE’s Oil Giant Says
Full oil flows through the Strait of Hormuz will not return before the first or second quarter of 2027, even if the Middle East conflict ended now, the head of the United Arab Emirates' state oil firm ADNOC said.

From
Mike Schuler
via
gCaptain
Iran Draws New Maritime ‘Oversight Zone’ Across Strait of Hormuz
Iran’s self-declared Persian Gulf Strait Authority (PGSA) has published what appears to be the clearest geographic definition yet of the maritime zone it claims authority over in the Strait of...

From
Reuters
via
gCaptain
Inside Iran’s Expanding Hormuz Transit System: Checkpoints, Diplomatic Deals and Passage Fees
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz.

From
Mike Schuler
via
gCaptain
U.S. Marines Board Iranian Tanker in Gulf of Oman
U.S. Marines boarded and redirected an Iranian-flagged oil tanker in the Gulf of Oman on Tuesday as Washington continued tightening enforcement of its maritime blockade targeting vessels trading with Iran....

From
Mike Schuler
via
gCaptain
WinGD Lands World-First Ethanol Engine Order for Vale Ore Carriers
Swiss engine designer WinGD has secured the maritime industry’s first confirmed order for ethanol-fuelled two-stroke engines powering ocean-going bulk carriers, marking another major milestone in shipping’s race toward alternative fuels. The company...

From
Mike Schuler
via
gCaptain
Hormuz Closure Could Send Oil to $200 and Trigger Global Recession, Wood Mackenzie Warns
A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with oil prices potentially nearing $200 per barrel in a worst-case...

From
Mike Schuler
via
gCaptain
Shipping Industry Issues Stark New Hormuz Transit Guidance as Risks Mount
The global shipping industry has released sweeping new guidance for vessels transiting the Strait of Hormuz, warning that even if the waterway remains technically open, conditions inside the chokepoint may...

From
Mike Schuler
via
gCaptain
UK Opens Door to Diesel and Jet Fuel Made From Russian Crude
The UK government has quietly loosened part of its Russia sanctions regime, issuing a new general trade licence that allows imports and related trade involving diesel and jet fuel refined...

From
Reuters
via
gCaptain
New UAE Pipeline Bypassing Hormuz Now 50% Complete, ADNOC CEO Says
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday.