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From
Mike Schuler
via
gCaptain
Container Spot Rates Surge as Carriers Layer Surcharges Ahead of Early Peak Season
Global container spot rates posted their sharpest weekly gain in months as carriers pushed through emergency surcharges and capacity cuts amid rising geopolitical disruption and signs of an early start...

From
Mike Schuler
via
gCaptain
UKMTO Warns Ship Seized Near Hormuz Is Being Taken Toward Iran
The UK Maritime Trade Operations (UKMTO) organization has issued a warning after receiving reports that a vessel was boarded by unauthorized personnel northeast of Fujairah, United Arab Emirates, amid continuing...

From
Reuters
via
gCaptain
Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
A Panama-flagged crude oil tanker managed by Japanese refining group Eneos 5020.T has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked oil ship making it through.

From
Reuters
via
gCaptain
China-Linked Supertanker Makes Rare Strait of Hormuz Transit Ahead of Trump-Xi Summit
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.

From
Mike Schuler
via
gCaptain
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
The International Energy Agency is warning that the ongoing disruption in the Strait of Hormuz is triggering one of the largest oil market shocks in modern history, with global oil demand now...

From
Reuters
via
gCaptain
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
U.S. President Donald Trump has said he does not expect to need China's help to end the war in Iran and ease Tehran's grip on the Strait of Hormuz, in remarks made before he arrived in Beijing on Wednesday for a summit with President Xi Jinping.

From
Mike Schuler
via
gCaptain
Hapag-Lloyd Swings to Loss as Strait of Hormuz Chaos and Weather Delays Hit Shipping
Container shipping giant Hapag-Lloyd reported a sharp deterioration in first-quarter earnings on Tuesday, blaming severe weather disruptions and the conflict in the Middle East for rising costs and weaker operational performance as...

From
The Loadstar
via
gCaptain
OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case
Shippers will be watching with bated breath following OOCL’s decision to challenge the record $45m fine it was handed by the US Federal Maritime Commission (FMC).

From
Malte Humpert
via
gCaptain
Europe Swaps Russian Gas Dependence for U.S. LNG Reliance as Middle East Turmoil Tightens Squeeze
Europe’s rush to quit Russian pipeline gas has created a new energy vulnerability: growing dependence on U.S. liquefied natural gas, as war-linked supply disruptions in the Middle East push the continent deeper into reliance on seaborne fuel.

From
Reuters
via
gCaptain
Chinese Supertanker Attempts Hormuz Passage, Data Show
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.

From
Reuters
via
gCaptain
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz.

From
Mike Schuler
via
gCaptain
Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers
A.P. Moller – Maersk said Tuesday it is continuing to avoid transits through the Strait of Hormuz amid uncertainty surrounding the fragile ceasefire between the United States and Iran, underscoring the...