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From
The Loadstar
via
gCaptain
Carrier Discounts Push Container Spot Rates Lower Ahead of August GRIs
By Gavin van Marle (The Loadstar) – Container spot freight rates on the transpacific and Asia-Europe trades saw another week of single-digit declines, in the absence of carrier-led price hikes....

From
Mike Schuler
via
gCaptain
EU Proposal to Add Two Indian Ship Recycling Yards Sparks Environmental Backlash
The European Commission is facing criticism from environmental campaigners after proposing to add two Indian ship recycling facilities to the EU’s approved list of ship recycling yards, a move opponents...

From
Bloomberg
via
gCaptain
Italy Becomes EU’s Top LNG Importer as Purchases Elsewhere Lag
Italy became Europe’s top importer of liquefied natural gas in July as traders made use of government incentives to keep buying cargoes despite soaring prices, while neighboring countries held back on costly purchases and allowed storage levels to lag.

From
Lori Ann LaRocco
via
gCaptain
Maritime Expert Warns Against Underestimating the Houthis’ Resolve
By Lori Ann LaRocco – The unattributed drone attack on the Port of Damietta in Egypt is adding to fears that the war with Iran is spilling over into other...

From
Reuters
via
gCaptain
Saudi Arabia Unveils Plans for Multinational Red Sea Maritime Security Coalition
Saudi Arabia on Thursday unveiled plans for a multinational maritime defense coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.

From
Paul Morgan
via
gCaptain
Onboard Carbon Capture Edges Toward Commercial Reality, But Challenges Remain
Onboard carbon capture and storage, OCCS for short, has moved well beyond laboratory work. Several systems are now operating at sea. One full-scale installation is demonstrating capture of around fifty...

From
Mike Schuler
via
gCaptain
Container Spot Rates Fall for Third Straight Week as Demand Continues to Ease
Global container spot freight rates declined for a third consecutive week, with weakening demand and the end of the front-loading surge continuing to weigh on major east-west trade lanes, according...

From
Mike Schuler
via
gCaptain
GAO Warns Gaps in TWIC Program Could Leave U.S. Ports Exposed to Security Risks
A new report from the U.S. Government Accountability Office (GAO) says weaknesses in the Transportation Worker Identification Credential (TWIC) program—including inconsistent communication, incomplete oversight, and delays in deploying biometric card...

From
Bloomberg
via
gCaptain
Qatar Sends First LNG Shipment Through Hormuz in Three Weeks
Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.

From
Reuters
via
gCaptain
London Insurers Widen Red Sea High-Risk Zone After Houthi Attacks
London's marine insurance market has widened the area in the Red Sea it deems as ?high risk after attacks on ships by Yemen's Houthi movement but Egyptian waters were excluded, according to a July 29 advisory.

From
Reuters
via
gCaptain
Middle East War Expands to Mediterranean With Drone Strike at Key Egypt LNG Terminal
Explosions hit a natural gas loading port on the Mediterranean Sea in Egypt on Wednesday, and British maritime security company Ambrey said a U.S.-owned floating storage tanker there had been hit by a drone, in a potential spread of the Middle East war.

From
Bloomberg
via
gCaptain
Trump Warns Iran of ‘Beating’ After Jordan Base Attack
(Bloomberg) — President Donald Trump said the US would hit Iran hard after a recent attack that targeted a military base in Jordan, as the war in the Middle East...