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Trump Orders Federal Insurance Backstop for Gulf Shipping, Signals Possible Navy Tanker Escorts
News
March 3, 2026
From 
Mike Schuler
 via 
gCaptain

Trump Orders Federal Insurance Backstop for Gulf Shipping, Signals Possible Navy Tanker Escorts

President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade transiting the Persian Gulf, while signaling that U.S....
White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis
News
March 3, 2026
From 
Reuters
 via 
gCaptain

White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis

President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the region obtain insurance, two sources said.
Container Shipping: Gulf Booking Freeze Triggers Congestion Fears at Global Hubs
News
March 3, 2026
From 
Mike Schuler
 via 
gCaptain

Container Shipping: Gulf Booking Freeze Triggers Congestion Fears at Global Hubs

By Gavin van Marle (The Loadstar) – After ONE cancelled bookings to Middle East Gulf ports yesterday, its chief executive, Jeremy Nixon, told delegates at the S&P Global TPM event in...
Asia Scrambles for LNG as Qatar Output Halted, India Begins Gas Rationing
News
March 3, 2026
From 
Reuters
 via 
gCaptain

Asia Scrambles for LNG as Qatar Output Halted, India Begins Gas Rationing

India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War
News
March 3, 2026
From 
Bloomberg
 via 
gCaptain

‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War

Iran conflict has transformed container shipping from overcapacity concerns to a sudden supply crunch, with 750 ships trapped and insurers refusing coverage. Industry leaders at TPM conference warn of pandemic-style disruptions returning.
London Marine Insurers Expand Gulf High-Risk Zone as Mideast Conflict Escalates
News
March 3, 2026
From 
Reuters
 via 
gCaptain

London Marine Insurers Expand Gulf High-Risk Zone as Mideast Conflict Escalates

London's marine insurance market has expanded the Gulf high-risk zone to include Bahrain, Djibouti, Kuwait, Oman and Qatar as the Middle East conflict escalates. War risk premiums have surged fivefold following U.S.-Israel airstrikes on Iran, adding hundreds of thousands in costs per shipment.
Russian LNG Carrier ‘Arctic Metagaz’ Reportedly Ablaze Off Malta as Maritime Patrol Aircraft Circles
News
March 3, 2026
From 
Malte Humpert
 via 
gCaptain

Russian LNG Carrier ‘Arctic Metagaz’ Reportedly Ablaze Off Malta as Maritime Patrol Aircraft Circles

An LNG carrier identified as the Arctic Metagaz, part of Russia’s emerging shadow fleet transporting sanctioned liquefied natural gas, was reportedly on fire early Tuesday in the central Mediterranean off the coasts of Malta and Libya.
Strait of Hormuz Shockwaves: Drewry Sees Tanker Spike, LNG Bottlenecks, and Trade Rewiring Across Shipping
News
March 3, 2026
From 
Mike Schuler
 via 
gCaptain

Strait of Hormuz Shockwaves: Drewry Sees Tanker Spike, LNG Bottlenecks, and Trade Rewiring Across Shipping

The effective shutdown of commercial traffic through the Strait of Hormuz has jolted global shipping markets after coordinated U.S. and Israeli strikes on Iran over the weekend triggered the most...
Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production
News
March 3, 2026
From 
Reuters
 via 
gCaptain

Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production

Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.
Gulf War Risk Insurance Pulled as Reinsurers Exit
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Gulf War Risk Insurance Pulled as Reinsurers Exit

The global marine insurance market is rapidly retrenching from the Persian Gulf as escalating military conflict between the United States, Israel, and Iran pushes the region’s maritime risk profile to...
Shipping Industry Demands Protections for Maritime Workers on Front Lines of Middle East Conflict
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Shipping Industry Demands Protections for Maritime Workers on Front Lines of Middle East Conflict

The escalating military conflict in the Middle East has placed seafarers and port workers on the front lines of a geopolitical crisis, prompting urgent calls from international maritime organizations for...
Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface
News
March 2, 2026
From 
Mike Schuler
 via 
gCaptain

Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface

The brief reprieve in Red Sea shipping attacks ended this weekend as Yemen's Houthi movement signaled an imminent return to targeting commercial vessels, casting a shadow over what had been a fragile recovery in one of the world's most critical maritime corridors.