News
Articles

From
Reuters
via
gCaptain
Trump Row With Republican Senator Clouds US Drive to Sell Iran Deal to Gulf Allies
WASHINGTON/MANAMA/DUBAI, June 25 (Reuters) – A shouting match over Iran between U.S. President Donald Trump and a senior Republican senator overshadowed efforts by America’s top diplomat on Thursday to swing Washington’s skeptical Gulf allies...

From
Mike Schuler
via
gCaptain
Ship Hit Off Oman After IRGC Renewed Hormuz Transit Warnings
A Singapore-flagged containership has been struck by an unknown projectile off the coast of Oman, just hours after Iran’s Islamic Revolutionary Guard Corps (IRGC) renewed radio warnings that merchant vessels...

From
Mike Schuler
via
gCaptain
Ships Turn Back in Strait of Hormuz as IRGC Renews Transit Warnings
The fragile reopening of the Strait of Hormuz showed new signs of strain on Thursday as merchant ships reportedly began turning around after Iran’s Islamic Revolutionary Guard Corps (IRGC) renewed...

From
Reuters
via
gCaptain
Rubio Wraps up Gulf Tour as Allies Share Concerns Over Iran Peace Accord
U.S. Secretary of State Marco Rubio told Gulf allies on Thursday that any deal with Iran would take their interests into account, as he wrapped up a Middle East trip aimed at winning over regional partners with deep reservations about the preliminary accord.

From
Bloomberg
via
gCaptain
Major Saudi Oil Terminal to Restart as Gulf Reboot Ramps Up
Top oil exporter Saudi Arabia is set to restart loading crude at the giant Ras Tanura terminal inside the Persian Gulf, a landmark moment in the resumption of Middle Eastern supplies after the Iran war.

From
Reuters
via
gCaptain
Brent Enters Contango for First Time Since Iran War Began as Gulf Supply Surges
Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in late February, signaling increased near-term supply.

From
Mike Schuler
via
gCaptain
Marine Insurers Back Hormuz Peace Deal as Trump Says Iran Seeking ‘No Tolls’
The global marine insurance industry is cautiously welcoming recent diplomatic developments in the Strait of Hormuz as uncertainty continues over how the world’s most important energy chokepoint will be managed...

From
Mike Schuler
via
gCaptain
IMO Tells Ships to Stay Put, Await Instructions as Hormuz Evacuation Begins
The International Maritime Organization is telling thousands of ships stranded in the Persian Gulf to stay put and await instructions as it begins evacuating thousands of seafarers trapped by months...

From
Mike Schuler
via
gCaptain
Containership Fire Breaks Out Every 17 Days as Misdeclared Cargo Remains Major Threat
A container ship fire now occurs somewhere in the world roughly every 17 days, highlighting the persistent danger posed by misdeclared and undeclared dangerous cargoes, according to new data cited...

From
Mike Schuler
via
gCaptain
Allianz: The Age of Predictable Shipping Is Over
The global shipping industry is entering a new era defined by geopolitical tension, fragile supply chains and heightened uncertainty, according to Allianz Commercial, which warns that the relatively stable operating...

From
Bloomberg
via
gCaptain
UAE Oil Exports Surged to 85% of Pre-War Levels, IEA Says
Oil exports from the United Arab Emirates in early June recovered to nearly 85% of the country’s pre-Iran war levels — rebounding even before Washington and Tehran inked an interim peace deal as the Gulf nation drew on pipelines, storage and alternate shipping routes, according to a report from the International Energy Agency.

From
Mike Schuler
via
gCaptain
Fortescue, CMB.TECH Sign Deal for Up to 12 Ammonia-Capable Bulk Carriers
Australian mining giant Fortescue has signed an agreement with Belgian shipping group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk carriers, in one of the largest commercial commitments yet to ammonia as a...