News

 Articles

View All
Australia Bans Liberian-Flagged Bulker From Ports Amid Crackdown on Crew Exploitation
News
May 7, 2026
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...
U.S. Sanctions Iraq’s Deputy Oil Minister Over Alleged Iranian Oil Scheme
News
May 7, 2026
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...
UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher
News
May 7, 2026
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...
Container Spot Rates Snap Back as Carriers Push Emergency Surcharges Amid Hormuz Tensions
News
May 7, 2026
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...
Hijacked Tanker Off Yemen Deepens Fears of Somali Piracy Resurgence
News
May 7, 2026
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...
Maersk Holds 2026 Outlook as Ocean Volumes Surge Despite Rate Pressure
News
May 7, 2026
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...
Maersk Says Energy Crunch to Persist Even If Iran Peace Deal Struck
News
May 7, 2026
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.
Dry-Bulk Shipping Rates Hit Two-Year High on Capesize Demand
News
May 7, 2026
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.
CMA CGM Containership Confirmed Attacked in Hormuz, Crew Injured
News
May 6, 2026
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.
A New Front in Shipping’s Climate War: The Federal Maritime Commission
News
May 6, 2026
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
Cheap Spot Rates Now Could Cost Shippers at Peak Season
News
May 6, 2026
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.
BIMCO Warns Abrupt ‘Project Freedom’ Pause Complicates Hormuz Risk Calculus
News
May 6, 2026
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...