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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...

From
Mike Schuler
via
gCaptain
Geopolitical Instability Remains Shipping’s Top Concern for Fourth Straight Year
The global shipping industry continues to view geopolitical instability as its greatest business risk, according to the International Chamber of Shipping’s latest Maritime Barometer, with industry leaders warning that political...

From
Lori Ann LaRocco
via
gCaptain
First Ships Return to Hormuz’s Central Corridor Since War Began
By Lori Ann LaRocco – There are signs of a slow return to normalcy in the Strait of Hormuz, but it will take time for tanker owners and operators to...

From
Mike Schuler
via
gCaptain
IMO Launches Mass Evacuation of 11,000 Seafarers Still Trapped in Persian Gulf
The International Maritime Organization will begin a large-scale evacuation of more than 11,000 seafarers still stranded in the Persian Gulf following last week’s U.S.-Iran peace agreement. IMO Secretary-General Arsenio Dominguez...

From
Mike Schuler
via
gCaptain
Who Will Govern Hormuz? Iran and Oman Begin Talks on Future Navigation and Maritime Services
Iran and Oman have begun formal talks on the future administration of navigation in the Strait of Hormuz, including maritime services and associated costs, adding new urgency to questions raised...