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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...

From
Mike Schuler
via
gCaptain
Strait of Hormuz: Mines and Dual Transit Regime Complicate Return to Normal
The Strait of Hormuz is open again, but shipping companies are returning to a waterway that looks very different from the one that existed before the war. Commercial traffic is...

From
Reuters
via
gCaptain
Hormuz Traffic Slowly Picking Up as Oil and LNG Tankers Resume Transits
Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up after Iran said it had again closed the waterway over the weekend, shipping data showed.

From
Mike Schuler
via
gCaptain
Trump Treasury Issues Sweeping Iran Oil Waiver, Marking Sharp Break From ‘Maximum Pressure’
The Trump administration has issued a sweeping temporary sanctions waiver authorizing the production, sale and shipment of Iranian oil, a dramatic reversal of the “maximum pressure” campaign that defined U.S....

From
Reuters
via
gCaptain
China Lines Up Second LNG Terminal for Sanctioned Russian Cargoes, Sources Say
China is preparing a second import terminal to handle liquefied natural gas cargoes from Russia's sanctioned Arctic LNG 2 project, expanding a route that so far relies on a single facility, three sources with knowledge of the matter said.