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From
Mike Schuler
via
gCaptain
U.S. Marines Board Iranian Tanker in Gulf of Oman
U.S. Marines boarded and redirected an Iranian-flagged oil tanker in the Gulf of Oman on Tuesday as Washington continued tightening enforcement of its maritime blockade targeting vessels trading with Iran....

From
Mike Schuler
via
gCaptain
WinGD Lands World-First Ethanol Engine Order for Vale Ore Carriers
Swiss engine designer WinGD has secured the maritime industry’s first confirmed order for ethanol-fuelled two-stroke engines powering ocean-going bulk carriers, marking another major milestone in shipping’s race toward alternative fuels. The company...

From
Mike Schuler
via
gCaptain
Hormuz Closure Could Send Oil to $200 and Trigger Global Recession, Wood Mackenzie Warns
A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with oil prices potentially nearing $200 per barrel in a worst-case...

From
Mike Schuler
via
gCaptain
Shipping Industry Issues Stark New Hormuz Transit Guidance as Risks Mount
The global shipping industry has released sweeping new guidance for vessels transiting the Strait of Hormuz, warning that even if the waterway remains technically open, conditions inside the chokepoint may...

From
Mike Schuler
via
gCaptain
UK Opens Door to Diesel and Jet Fuel Made From Russian Crude
The UK government has quietly loosened part of its Russia sanctions regime, issuing a new general trade licence that allows imports and related trade involving diesel and jet fuel refined...

From
Reuters
via
gCaptain
New UAE Pipeline Bypassing Hormuz Now 50% Complete, ADNOC CEO Says
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday.

From
Bloomberg
via
gCaptain
South Korean, Chinese Supertankers Attempt Strait of Hormuz Exit
A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel from the East Asian nation.

From
Mike Schuler
via
gCaptain
U.S. Alleges Chinese Shipping Container Giants Rigged Global Supply During COVID Crisis
The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in what prosecutors describe as a sweeping global conspiracy to restrict...

From
Mike Schuler
via
gCaptain
U.S. Extends Russian Oil Waiver Through June as Oil Markets Tighten
The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that keeps qualifying shipments flowing through mid-June...

From
Bloomberg
via
gCaptain
NATO Weighing Hormuz Mission If Strait Crisis Drags Into Summer
NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to a senior official in the military alliance.

From
Mike Schuler
via
gCaptain
U.S. Probes Claims Chinese Firms Restricted Container Production Before COVID, CBS Says
Federal investigators are probing whether Chinese container manufacturing giants deliberately throttled global shipping container production just before the COVID-19 pandemic, according to a CBS News report that could reignite concerns...

From
Bloomberg
via
gCaptain
Trump Says Iran Strike Called Off After Gulf Allies Appealed
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other Persian Gulf allies,...