News
Articles

From
Reuters
via
gCaptain
Fire-Damaged LNG Tanker Arctic Metagaz Could Reach Libyan Coast Within Days, Officials Warn
A damaged Russian LNG tanker that has been drifting unmanned in the Mediterranean for more than two weeks, risking a major ecological disaster, is four to six days from Libya’s shores, an Italian official said on Friday.

From
Mike Schuler
via
gCaptain
Seafarers Trapped By Hormuz Crisis Face Growing Humanitarian Emergency
A mounting humanitarian crisis is unfolding at sea as tens of thousands of seafarers remain trapped aboard vessels across the Persian Gulf, Gulf of Oman, and Arabian Sea, with reports...

From
Reuters
via
gCaptain
France Boards Tanker it Says Is Linked to Russian Shadow Fleet in Mediterranean
The French Navy seized an oil tanker on Friday in the Western Mediterranean that President Emmanuel Macron said belonged to Russia's shadow fleet, a network of vessels that enables Moscow to export oil despite Western sanctions.

From
Mike Schuler
via
gCaptain
France Boards Another ‘Shadow Fleet’ Tanker as Macron Escalates Maritime Crackdown
French naval forces with the support of the UK have intercepted and boarded another vessel tied to Russia’s so-called shadow fleet in the Mediterranean, signaling that Europe’s shift toward direct...

From
Mike Schuler
via
gCaptain
Trump’s Greenland Hospital Ship Arrives at West Coast Shipyard as Humanitarian Mission Narrative Fades
The U.S. Navy hospital ship USNS Mercy has arrived in Portland, Oregon, on Thursday according to the latest Automatic Identification System (AIS) data, effectively confirming the vessel’s long-anticipated destination following weeks of speculation tied to a proposed Greenland deployment.

From
Reuters
via
gCaptain
Tanker Markets Break Loose as Physical Barrels Vanish from Global Trade
Surging oil prices in physical markets - the trading place for oil on ships, rail cars or in storage tanks - have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.

From
Mike Schuler
via
gCaptain
‘Inaction Is Not an Option’: UN Shipping Body Condemns Hormuz Attacks as Crisis Deepens
The International Maritime Organization (IMO) has issued a forceful condemnation of attacks on commercial shipping in the Middle East, warning that the situation in the Strait of Hormuz poses a “grave...

From
Mike Schuler
via
gCaptain
Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices
U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum moved swiftly to quash speculation that Washington could restrict energy exports, issuing coordinated statements reaffirming that no such policy is under consideration—even as the Middle East crisis sends shockwaves through global energy markets.

From
Mike Schuler
via
gCaptain
WTO Warns Middle East Conflict Could Cut Global Trade Growth as Energy, Shipping Risks Mount
The World Trade Organization is warning that global trade growth will slow sharply in 2026—and could weaken further if elevated energy prices tied to the Middle East conflict persist.

From
Mike Schuler
via
gCaptain
Second Strike? Safeen Prestige Reported Burning Near Hormuz
A containership already at the center of one of the deadliest incidents in the Strait of Hormuz crisis may have been struck again, with early reports indicating the vessel is now burning following a possible overnight attack.

From
Reuters
via
gCaptain
Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO told Reuters on Thursday.

From
Mike Schuler
via
gCaptain
Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific routes continues to support the...