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From
Mike Schuler
via
gCaptain
Panama Canal Advances Energy Corridor Bid Process as Prequalification Phase Moves Forward
The Panama Canal Authority has completed the document submission phase for companies seeking to participate in the prequalification process for its proposed Energy Corridor, marking another step toward one of...

From
Reuters
via
gCaptain
US Strikes Iran From South to North After Trump Threats Over Red Sea Shipping
U.S. missiles struck targets across Iran, reaching as far as its Caspian coast, on Friday after President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen for extending the Middle East war to a second major shipping chokepoint, the mouth of the Red Sea.

From
Mike Schuler
via
gCaptain
EU Targets Russian Shadow Fleet, Banks and Crypto in Sweeping 21st Sanctions Package
The European Union has approved its 21st package of sanctions against Russia, expanding restrictions on the country’s energy, financial and military sectors while adding another 41 vessels to its growing...

From
Malte Humpert
via
gCaptain
Exclusive: USCG Icebreaker ‘Healy’ Towed Back to Seattle Following ‘Significant Engineering Casualty’
U.S. Coast Guard icebreaker Healy suffered a significant engineering casualty during post-refit sea trials off the Washington coast before being towed back to Seattle on July 13 for an investigation and major repairs, the Coast Guard told gCaptain.

From
Mike Schuler
via
gCaptain
Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties
Months of tariff-driven frontloading appear to have paid off for U.S. importers. As expected, President Donald Trump on Friday reinstated broad-based tariffs on imports from 60 trading partners, replacing the...

From
Reuters
via
gCaptain
Trump Revives Global Tariffs Under New Legal Authority
The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labor, just as a temporary 10% global tariff expired.

From
Reuters
via
gCaptain
Hormuz Tanker Crossings Slip to Lowest in More Than Two Months, Data Shows
The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel.

From
Mike Schuler
via
gCaptain
Houthi Attacks on Saudi Tankers Constrict Crude Trade
The flow of Middle East energy trade is evolving yet again after attacks on two tankers in the Red Sea by Iran-backed Houthi militants. In a recent maritime security webinar,...

From
Mike Schuler
via
gCaptain
Saronic, Samsung Heavy Industries Partner to Advance Autonomous Shipbuilding in the U.S.
Partnership combines U.S. autonomy technology with South Korean shipbuilding expertise as Saronic expands its domestic manufacturing footprint Saronic and South Korea’s Samsung Heavy Industries (SHI) have announced a strategic partnership...

From
Reuters
via
gCaptain
Iran Flew IRGC Commanders, Missile Gear to Yemen’s Houthis, Sources Say
July 23 (Reuters) – Iran flew Islamic Revolutionary Guard Corps (IRGC) commanders, military advisers and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is...

From
Mike Schuler
via
gCaptain
Container Spot Rates Fall as Capacity Growth Pressures Freight Rates
Spot container freight rates continued to ease this week as additional vessel capacity and softer demand weighed on the world’s major east-west trade lanes, according to the latest Drewry World...

From
Mike Schuler
via
gCaptain
DP World Expands UAE Gateway Bypassing the Strait of Hormuz
DP World has signed an agreement in principle with the Fujairah Ports Authority to develop two new port terminals on the UAE’s east coast, expanding capacity at a strategically located...