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From
Bloomberg
via
gCaptain
South Korean, Chinese Supertankers Attempt Strait of Hormuz Exit
A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel from the East Asian nation.

From
Mike Schuler
via
gCaptain
U.S. Alleges Chinese Shipping Container Giants Rigged Global Supply During COVID Crisis
The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in what prosecutors describe as a sweeping global conspiracy to restrict...

From
Mike Schuler
via
gCaptain
U.S. Extends Russian Oil Waiver Through June as Oil Markets Tighten
The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that keeps qualifying shipments flowing through mid-June...

From
Bloomberg
via
gCaptain
NATO Weighing Hormuz Mission If Strait Crisis Drags Into Summer
NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to a senior official in the military alliance.

From
Mike Schuler
via
gCaptain
U.S. Probes Claims Chinese Firms Restricted Container Production Before COVID, CBS Says
Federal investigators are probing whether Chinese container manufacturing giants deliberately throttled global shipping container production just before the COVID-19 pandemic, according to a CBS News report that could reignite concerns...

From
Bloomberg
via
gCaptain
Trump Says Iran Strike Called Off After Gulf Allies Appealed
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other Persian Gulf allies,...

From
Paul Morgan
via
gCaptain
Not All Bunkers Are Equal, And Neither Are the Additives
The demulsifier that resolves a distillate water-in-fuel emulsion cleanly and quickly may have no appreciable effect on an HFO emulsion stabilised by viscoelastic asphaltene-resin film! In recent years the maritime...

From
Mike Schuler
via
gCaptain
U.S. Targets 19 Tankers, Shadow Banks in Major New Iran Sanctions Crackdown
The Trump administration on Tuesday unveiled one of its broadest sanctions actions yet under its “Economic Fury” campaign, targeting more than 50 companies, individuals, and vessels tied to Iran’s shadow...

From
Reuters
via
gCaptain
US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels
The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the U.S. maintains pressure on Tehran.

From
Bloomberg
via
gCaptain
Hedge Fund Beats Peers With Bets on Oil Tankers While Cutting AI
A Hong Kong hedge fund that outperformed peers says shipping stocks are a better trade than artificial intelligence, given the risks of tech companies overspending.

From
Mike Schuler
via
gCaptain
Massive Atlantic ‘Cocaine Highway’ Busted in European Maritime Drug Operation
European law enforcement agencies say they have disrupted a major transatlantic narcotics corridor known as the “Cocaine Highway,” seizing 11 tonnes of cocaine and 8.5 tonnes of hashish during a...

From
gCaptain
via
gCaptain
The Great Battleship Debate: gCaptain’s Konrad Takes On AEI’s Zack Cooper
The U.S. Navy has not commissioned a battleship since 1944. Donald Trump now wants as many as 25. The first, USS Defiant, will displace more than 35,000 tons, carry hypersonics,...