News
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From
Mike Schuler
via
gCaptain
Fog of War Deepens in Hormuz as UKMTO Says Most Ship Attacks Go Unreported
Conflicting traffic figures and competing claims of control are making it increasingly difficult to establish what’s happening in the Strait of Hormuz, even as attacks on merchant shipping intensify. The...

From
Mike Schuler
via
gCaptain
International Seaways Adds to VLCC Fleet with $370 Million Bruton Deal
Deal adds four modern crude tankers as International Seaways reports sharply higher spot earnings entering the fourth quarter. International Seaways has agreed to acquire Oslo-listed Bruton Limited in a deal...

From
Mike Schuler
via
gCaptain
Southern California Ports Shatter Cargo Records as Imports Surge
The ports of Los Angeles and Long Beach both set all-time monthly cargo records in September, handling a combined 2.04 million twenty-foot equivalent units (TEUs) as strong imports and shifting...

From
Mike Schuler
via
gCaptain
Lawmakers Seek to Strip COSCO Ships of U.S. Port Inspection Privileges Over Espionage Claims
Three senior House Republicans are calling on the Department of Homeland Security to revoke special inspection privileges granted to vessels operated by Chinese state-owned shipping giant COSCO, citing allegations that...

From
Mike Schuler
via
gCaptain
IEA Moves to Accelerate Oil Reserve Releases as Hormuz Crisis Drags On
The International Energy Agency (IEA) has agreed to accelerate the release of approximately 100 million barrels of emergency oil stocks, including more than 20 million barrels of diesel, as the...

From
Reuters
via
gCaptain
Iran Ships Some LPG, Jet Fuel Despite US Blockade, Data Shows
Iran has managed to export some liquefied petroleum gas and jet fuel since July, despite a US naval blockade, shipping intelligence showed and people involved in security said.

From
Bloomberg
via
gCaptain
Ship-Fuel Crunch to Persist Despite More Oil, Vitol Says
Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices soaring.

From
Mike Schuler
via
gCaptain
U.S. Claims Control of Hormuz as Ship Attacks Hit New High
U.S. Central Command says the United States and its regional partners control the Strait of Hormuz, citing more than 40 commercial ships moving through the waterway in the past 24...

From
Reuters
via
gCaptain
How the Houthis are Helping Iran Turn Saudi Arabia Into a Pressure Point
The Houthi attacks on Saudi Arabia are about more than Yemen.

From
Mike Schuler
via
gCaptain
UK Tightens Russian Oil Sanctions as U.S. Weighs Relief
Britain has expanded its sanctions against Russia’s oil industry, targeting two more energy companies, a dozen shadow-fleet tankers and financial networks used to move money around Western restrictions. The measures,...

From
Mike Schuler
via
gCaptain
Trump Weighs Lifting Shadow Fleet Sanctions as Tanker Rates Soar
By Timothy Gardner and Jarrett Renshaw WASHINGTON, Oct 14 (Reuters) – The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products...

From
Bloomberg
via
gCaptain
Ship Fuel Market Fragments as Middle East Conflict Hits Trade
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.