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Panama Canal to Cut Daily Transits as Optimistic Water Outlook Fades
News
August 21, 2026
From 
Mike Schuler
 via 
gCaptain

Panama Canal to Cut Daily Transits as Optimistic Water Outlook Fades

The Panama Canal is cutting daily transit capacity and overhauling its auction system as below-expected rainfall puts renewed pressure on the waterway’s freshwater supplies, just months after officials said they...
Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade
News
August 21, 2026
From 
Bloomberg
 via 
gCaptain

Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade

Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit fees.
US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says
News
August 20, 2026
From 
Reuters
 via 
gCaptain

US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says

The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran.
Trump Threatens Economic Isolation for Iran and Its Trading Partners
News
August 20, 2026
From 
Bloomberg
 via 
gCaptain

Trump Threatens Economic Isolation for Iran and Its Trading Partners

US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force Tehran to capitulate.
Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers
News
August 20, 2026
From 
Mike Schuler
 via 
gCaptain

Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers

The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots (MM&P), following a long-running dispute...
Transpacific Container Rates Surge as Carriers Cut Capacity
News
August 20, 2026
From 
gCaptain
 via 
gCaptain

Transpacific Container Rates Surge as Carriers Cut Capacity

Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...
Maritime Markets Bracing for Long-term Disruption in the Middle East
News
August 20, 2026
From 
Lori Ann LaRocco
 via 
gCaptain

Maritime Markets Bracing for Long-term Disruption in the Middle East

By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....
Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia
News
August 20, 2026
From 
Mike Schuler
 via 
gCaptain

Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia

A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the vessel, marking the second...
US-Flagged Cargo Ship SLNC York Evacuated After Taking on Water in Pacific
News
August 19, 2026
From 
Mike Schuler
 via 
gCaptain

US-Flagged Cargo Ship SLNC York Evacuated After Taking on Water in Pacific

The crew of the US-flagged cargo ship SLNC York has been safely evacuated after the vessel began taking on water in the Pacific Ocean, according to operator Schuyler Line Navigation Company (SLNC)....
South Korea Tests Arctic Shipping Route to Europe
News
August 19, 2026
From 
Reuters
 via 
gCaptain

South Korea Tests Arctic Shipping Route to Europe

South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.
Port of Corpus Christi Joins U.S. Push for Nuclear-Powered Shipping
News
August 19, 2026
From 
Mike Schuler
 via 
gCaptain

Port of Corpus Christi Joins U.S. Push for Nuclear-Powered Shipping

The Port of Corpus Christi has joined the Trump administration’s push to bring nuclear technology into the U.S. maritime sector, signing an agreement with the U.S. Maritime Administration to explore...
Navigator Gas Sees U.S. Gas Export Boom Driving Handysize Demand
News
August 19, 2026
From 
Capital Link
 via 
gCaptain

Navigator Gas Sees U.S. Gas Export Boom Driving Handysize Demand

Navigator Gas posted the strongest quarterly results in its 25-year history as booming U.S. gas exports and longer trade routes helped lift vessel earnings and terminal volumes to record levels.