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Trade Court Ruling Opens Door to Tariff Refunds for U.S. Importers
News
March 4, 2026
From 
Mike Schuler
 via 
gCaptain

Trade Court Ruling Opens Door to Tariff Refunds for U.S. Importers

The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin unwinding tariffs imposed under the International Emergency Economic Powers Act (IEEPA), directing the agency to...
US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode
News
March 4, 2026
From 
Bloomberg
 via 
gCaptain

US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode

It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high.
Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns
News
March 4, 2026
From 
Mike Schuler
 via 
gCaptain

Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns

Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference continue to rattle the region, according to the...
‘Arctic Metagaz’ Sinks Off Libya After Blast; Moscow Blames Ukrainian Drone Attack
News
March 4, 2026
From 
Malte Humpert
 via 
gCaptain

‘Arctic Metagaz’ Sinks Off Libya After Blast; Moscow Blames Ukrainian Drone Attack

An LNG carrier central to Russia’s sanctioned Arctic gas trade was rocked by an explosion around 4 a.m. on March 3 roughly 150 nautical miles southeast of Malta, in an incident Moscow said was a Ukrainian attack and that could ripple through the Kremlin’s fragile LNG shadow fleet logistics network.
Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil
News
March 4, 2026
From 
Reuters
 via 
gCaptain

Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil

Qatar declared force majeure on LNG exports amid the U.S.-Israeli war on Iran, shutting down facilities that supply 20% of global liquefied natural gas. The shutdown will take at least a month to reverse, sending gas prices to multi-year highs.
Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate
News
March 4, 2026
From 
Mike Schuler
 via 
gCaptain

Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate

A containership transiting the Strait of Hormuz was struck by a projectile on Wednesday, damaging the vessel and forcing the crew to abandon ship in the latest escalation of attacks...
Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera
News
March 4, 2026
From 
Reuters
 via 
gCaptain

Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera

Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The vessel is part of Russia's shadow fleet circumventing Western sanctions on oil exports.
Qatar’s $100B LNG Empire Just Lost Its Premium Status Overnight
News
March 4, 2026
From 
Bloomberg
 via 
gCaptain

Qatar’s $100B LNG Empire Just Lost Its Premium Status Overnight

Iranian drone attack forces Qatar to shut down Ras Laffan LNG facility for first time in 30 years, threatening a fifth of global supply. European gas prices surge 50% as Energy Minister Al-Kaabi scrambles to reassure buyers and find replacement cargoes.
BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits
News
March 4, 2026
From 
Mike Schuler
 via 
gCaptain

BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits

The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the Persian Gulf could help restore some confidence...
Iranian Warship Sinks Off Sri Lanka, Bodies Recovered at Sea
News
March 4, 2026
From 
Reuters
 via 
gCaptain

Iranian Warship Sinks Off Sri Lanka, Bodies Recovered at Sea

An Iranian warship has sunk off the coast of Sri Lanka, with the Sri Lankan authorities saying on Wednesday they had rescued 32 people who were on board and recovered several bodies from the sea.
Moscow Alleges Ukrainian Drone Boat Attack on LNG Carrier ‘Arctic Metagaz’
News
March 4, 2026
From 
Malte Humpert
 via 
gCaptain

Moscow Alleges Ukrainian Drone Boat Attack on LNG Carrier ‘Arctic Metagaz’

An LNG carrier central to Russia’s sanctioned Arctic gas trade was rocked by an explosion around 4 a.m. on March 3 roughly 150 nautical miles southeast of Malta, in an incident Moscow said was a Ukrainian attack and that could ripple through the Kremlin’s fragile LNG shadow fleet logistics network.
Crew of Sanctioned Russian LNG Carrier Arctic Metagaz Found Alive After Fire Incident Off Malta
News
March 3, 2026
From 
Mike Schuler
 via 
gCaptain

Crew of Sanctioned Russian LNG Carrier Arctic Metagaz Found Alive After Fire Incident Off Malta

The crew of the sanctioned Russian LNG carrier Arctic Metagaz have been located alive after abandoning ship following a reported fire in the central Mediterranean, Maltese authorities confirmed Tuesday. In a statement,...