News
Articles

From
Mike Schuler
via
gCaptain
Australia Bans Liberian-Flagged Bulker From Ports Amid Crackdown on Crew Exploitation
Australia has banned another foreign-operated ship from its ports after inspectors discovered seafarers had been underpaid and unlawfully charged for drinking water, escalating a widening crackdown on labor abuses in...

From
Mike Schuler
via
gCaptain
U.S. Sanctions Iraq’s Deputy Oil Minister Over Alleged Iranian Oil Scheme
The Trump administration on Thursday escalated its economic campaign against Iran by sanctioning Iraq’s deputy oil minister and multiple militia-linked companies accused of helping Tehran smuggle oil and finance armed...

From
Mike Schuler
via
gCaptain
UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher
UN Trade and Development is warning that the biggest barriers to global trade are increasingly found not in tariffs, but in the technical, regulatory and certification requirements exporters must navigate...

From
Mike Schuler
via
gCaptain
Container Spot Rates Snap Back as Carriers Push Emergency Surcharges Amid Hormuz Tensions
Container spot rates rebounded this week after three consecutive weekly declines, as ocean carriers pushed through a new wave of emergency fuel and peak season surcharges tied to rising operational...

From
Mike Schuler
via
gCaptain
Hijacked Tanker Off Yemen Deepens Fears of Somali Piracy Resurgence
European naval forces have confirmed the hijacking of an oil tanker off Yemen after armed individuals reportedly boarded the vessel near Qana Port before steering it toward the Gulf of...

From
Mike Schuler
via
gCaptain
Maersk Holds 2026 Outlook as Ocean Volumes Surge Despite Rate Pressure
A.P. Moller – Maersk reported solid first-quarter 2026 results on Thursday, posting strong volume growth across all business segments despite continued pressure on container freight rates and ongoing geopolitical volatility. The...

From
Reuters
via
gCaptain
Maersk Says Energy Crunch to Persist Even If Iran Peace Deal Struck
Shipping group Maersk MAERSKb.CO beat first-quarter profit forecasts on Thursday but warned the Iran war had pushed its fuel costs up by nearly $500 million a month and that the energy crisis would persist even if a peace deal was reached.

From
Bloomberg
via
gCaptain
Dry-Bulk Shipping Rates Hit Two-Year High on Capesize Demand
A key measure of bulk-shipping rates jumped to the highest level since December 2023, driven by rising demand for Capesize vessels along with tightening supply of ships that haul bulk commodities.

From
Reuters
via
gCaptain
CMA CGM Containership Confirmed Attacked in Hormuz, Crew Injured
A CMA CGM container ship was attacked while transiting the Strait of Hormuz, injuring crew members and damaging the vessel, while another vessel run by the French group exited the Gulf, as the U.S.-Iran conflict continued to disrupt shipping traffic.

From
Editorial
via
gCaptain
A New Front in Shipping’s Climate War: The Federal Maritime Commission
Federal Maritime Commission (FMC) Chairman Laura DiBella recently participated in the U.S. delegation to the International Maritime Organization’s (IMO) 84th Marine Environment Protection Committee (MEPC 84) session in London, marking an unprecedented development in U.S. maritime regulatory policy since the FMC has not historically played a visible role in U.S. climate negotiations at the IMO

From
The Loadstar
via
gCaptain
Cheap Spot Rates Now Could Cost Shippers at Peak Season
Despite the continuing deterioration in rates, ocean shippers are being advised to avoid the spot market and stick to their allocation with carriers.

From
Mike Schuler
via
gCaptain
BIMCO Warns Abrupt ‘Project Freedom’ Pause Complicates Hormuz Risk Calculus
The world’s largest shipping association said the Trump administration’s abrupt suspension of “Project Freedom” has injected fresh uncertainty into an already volatile operating environment for commercial vessels trapped inside the...