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Historic Cold Pushed U.S. Coast Guard Icebreaking Fleet to the Limit in 2026
News
May 8, 2026
From 
Lori Ann LaRocco
 via 
gCaptain

Historic Cold Pushed U.S. Coast Guard Icebreaking Fleet to the Limit in 2026

The icebreaking season for the U.S. Coast Guard was longer this year after a series of storms ravaged the country.
EU Russian Arctic LNG Imports Hit $4.4bn Record Despite Sanctions Measures
News
May 8, 2026
From 
Malte Humpert
 via 
gCaptain

EU Russian Arctic LNG Imports Hit $4.4bn Record Despite Sanctions Measures

European Union imports of Russian Arctic liquefied natural gas from the Yamal LNG project hit a record high in the first four months of 2026, despite the bloc introducing measures intended to curb purchases of Russian fuel.
U.S. Confirms Iranian Attack on U.S. Navy Destroyers in Strait of Hormuz
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

U.S. Confirms Iranian Attack on U.S. Navy Destroyers in Strait of Hormuz

Three U.S. Navy destroyers came under missile, drone and small-boat attack while transiting the Strait of Hormuz on Thursday, according to U.S. Central Command. In a statement released Thursday morning,...
House Labor Caucus Joins Growing Backlash Against Trump’s Jones Act Waiver Extension
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

House Labor Caucus Joins Growing Backlash Against Trump’s Jones Act Waiver Extension

Opposition to the Trump administration’s sweeping Jones Act waiver extension is continuing to widen, with top House labor lawmakers now joining a growing coalition of maritime unions, domestic operators, and industry groups...
Trump Administration Launches Nuclear-Powered Shipping Push to Revive U.S. Maritime Industry
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

Trump Administration Launches Nuclear-Powered Shipping Push to Revive U.S. Maritime Industry

The Trump administration is opening the door to nuclear-powered commercial shipping in what could become one of the most ambitious attempts in decades to reshape the future of the U.S....
Australia Bans Liberian-Flagged Bulker From Ports Amid Crackdown on Crew Exploitation
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

Australia Bans Liberian-Flagged Bulker From Ports Amid Crackdown on Crew Exploitation

Australia has banned another foreign-operated ship from its ports after inspectors discovered seafarers had been underpaid and unlawfully charged for drinking water, escalating a widening crackdown on labor abuses in...
U.S. Sanctions Iraq’s Deputy Oil Minister Over Alleged Iranian Oil Scheme
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

U.S. Sanctions Iraq’s Deputy Oil Minister Over Alleged Iranian Oil Scheme

The Trump administration on Thursday escalated its economic campaign against Iran by sanctioning Iraq’s deputy oil minister and multiple militia-linked companies accused of helping Tehran smuggle oil and finance armed...
UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher

UN Trade and Development is warning that the biggest barriers to global trade are increasingly found not in tariffs, but in the technical, regulatory and certification requirements exporters must navigate...
Container Spot Rates Snap Back as Carriers Push Emergency Surcharges Amid Hormuz Tensions
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

Container Spot Rates Snap Back as Carriers Push Emergency Surcharges Amid Hormuz Tensions

Container spot rates rebounded this week after three consecutive weekly declines, as ocean carriers pushed through a new wave of emergency fuel and peak season surcharges tied to rising operational...
Hijacked Tanker Off Yemen Deepens Fears of Somali Piracy Resurgence
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

Hijacked Tanker Off Yemen Deepens Fears of Somali Piracy Resurgence

European naval forces have confirmed the hijacking of an oil tanker off Yemen after armed individuals reportedly boarded the vessel near Qana Port before steering it toward the Gulf of...
Maersk Holds 2026 Outlook as Ocean Volumes Surge Despite Rate Pressure
News
May 7, 2026
From 
Mike Schuler
 via 
gCaptain

Maersk Holds 2026 Outlook as Ocean Volumes Surge Despite Rate Pressure

A.P. Moller – Maersk reported solid first-quarter 2026 results on Thursday, posting strong volume growth across all business segments despite continued pressure on container freight rates and ongoing geopolitical volatility. The...
Maersk Says Energy Crunch to Persist Even If Iran Peace Deal Struck
News
May 7, 2026
From 
Reuters
 via 
gCaptain

Maersk Says Energy Crunch to Persist Even If Iran Peace Deal Struck

Shipping group Maersk MAERSKb.CO beat first-quarter profit forecasts on Thursday but warned the Iran war had pushed its fuel costs up by nearly $500 million a month and that the energy crisis would persist even if a peace deal was reached.