News

 Articles

View All
CK Hutchison Escalates Legal Fight After Panama Seizes Canal Ports
News
March 6, 2026
From 
Mike Schuler
 via 
gCaptain

CK Hutchison Escalates Legal Fight After Panama Seizes Canal Ports

Hong Kong–based CK Hutchison Holdings said Friday it has intensified its legal response to Panama’s takeover of two key container terminals near the Panama Canal, escalating a dispute that has already drawn in major global shipping companies and geopolitical powers.
Reinsurers Scrap War-Risk Cover After US Torpedoes Iranian Ship
News
March 6, 2026
From 
Bloomberg
 via 
gCaptain

Reinsurers Scrap War-Risk Cover After US Torpedoes Iranian Ship

London-based reinsurers are issuing seven-day cancellation notices on marine war-risk coverage after a US submarine torpedoed an Iranian warship off Sri Lanka, amplifying risk perception, according to people familiar with the matter.
Qatar Energy Minister Warns War Will Force Gulf to Halt Energy Exports Within Weeks, FT Says
News
March 6, 2026
From 
Reuters
 via 
gCaptain

Qatar Energy Minister Warns War Will Force Gulf to Halt Energy Exports Within Weeks, FT Says

Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.
U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea
News
March 5, 2026
From 
Mike Schuler
 via 
gCaptain

U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea

The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes already loaded on tankers, a narrowly targeted move aimed at preventing...
US Sinking of Iranian Warship Piles Pressure on India’s Modi
News
March 5, 2026
From 
Bloomberg
 via 
gCaptain

US Sinking of Iranian Warship Piles Pressure on India’s Modi

The US sinking of an Iranian warship off Sri Lanka’s coast expands the deepening Middle East war to India’s doorstep, unsettling New Delhi’s calibrated approach to the conflict as Iran vowed to avenge the attack.
Container Shipping Rates Rise as Asian Factories Reopen—But Hormuz Crisis Threatens New Shock
News
March 5, 2026
From 
Mike Schuler
 via 
gCaptain

Container Shipping Rates Rise as Asian Factories Reopen—But Hormuz Crisis Threatens New Shock

Global container shipping rates edged higher this week as Asian export activity begins to rebound following the Lunar New Year holiday, with carriers preparing to restore capacity across major trade lanes—though...
Over 270,000 TEU Stranded as Container Carriers Halt Gulf Cargo Bookings
News
March 5, 2026
From 
Lori Ann LaRocco
 via 
gCaptain

Over 270,000 TEU Stranded as Container Carriers Halt Gulf Cargo Bookings

Hundreds of thousands of containers are in limbo after ocean carriers suspend cargo bookings to Arabian Container Ports.
World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply
News
March 5, 2026
From 
Mike Schuler
 via 
gCaptain

World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply

Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on shipments due to the conflict in the Middle East, according to Reuters calculations and industry analysts.
Hormuz Crisis Triggers War-Risk Measures for Seafarers
News
March 5, 2026
From 
Mike Schuler
 via 
gCaptain

Hormuz Crisis Triggers War-Risk Measures for Seafarers

The global shipping industry is raising urgent warnings about the safety of civilian seafarers as escalating conflict in the Middle East halts commercial traffic through the Strait of Hormuz, strands hundreds of vessels, and forces insurers, labor groups, and shipowners to enact emergency measures.
Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens
News
March 5, 2026
From 
Mike Schuler
 via 
gCaptain

Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens

War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations tied to the escalating conflict in the Middle East, according to the International Union of Marine Insurance, offering a limited pathway for ships considering a return to the region.
Iranian Warship Sunk by US Torpedo Participated in Indian Drill
News
March 5, 2026
From 
Reuters
 via 
gCaptain

Iranian Warship Sunk by US Torpedo Participated in Indian Drill

The U.S. attack on an Iranian warship in the Indian Ocean this week was the first time since World War Two that the United States has sunk an enemy vessel with a torpedo.
‘Large Explosion’ Reported on Tanker Near Kuwait as Small Craft Seen Fleeing, UKMTO Says
News
March 4, 2026
From 
Mike Schuler
 via 
gCaptain

‘Large Explosion’ Reported on Tanker Near Kuwait as Small Craft Seen Fleeing, UKMTO Says

A tanker anchored off Kuwait reported a large explosion late Tuesday followed by the departure of a small craft from the area, raising fresh concerns about maritime security in the...