Shipping
Articles

From
Malte Humpert
via
gCaptain
First LNG Tanker Carrying Russian Gas Enters Mediterranean Since ‘Arctic Metagaz’ Explosion
An LNG carrier carrying Russian gas has entered the Mediterranean Sea for the first time since Moscow began diverting shipments away from the region after an explosion aboard the tanker Arctic Metagaz earlier this month, ship-tracking data showed.

From
Reuters
via
gCaptain
Indian Sailors Stranded Off Iran Just Want To Go Home
By Saurabh Sharma NEW DELHI, March 14 (Reuters) – Stranded for two weeks at the Iranian port of Bandar Abbas as drones and missiles set ships ablaze nearby, 26-year-old seafarer Ambuj says he has not...

From
Reuters
via
gCaptain
Lured by Profits, Some Shipowners Brave Mines and Missiles to Sneak Oil Past Iran
A handful of Greek shipowners have sent crude oil and dry bulk tankers through the Strait of Hormuz during the U.S.-Israeli war on Iran, risking destruction from mines, missiles and drones for a chance at millions of dollars in quick profits.

From
The Loadstar
via
gCaptain
Middle East Conflict Dampens Fears of Container Sector Overcapacity
The conflict in the Middle East could significantly alter expectations of looming overcapacity in the container shipping sector. The prolonged Red Sea disruptions are absorbing vessel capacity and keep freight markets tighter than anticipated.

From
Lori Ann LaRocco
via
gCaptain
U.S. Coast Guard Debunks Tankers Registering For U.S. Compliance
The U.S. Coast Guard is quashing the latest rumor on tankers looking to reposition to the Atlantic and Pacific trades instead of staying in the Middle East.
Early on Thursday, in some tanker circles, the was chatter of tanker owners looking to register with the Coast Guard to be eligible to trade in the U.S.

From
Mike Schuler
via
gCaptain
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate Norway has moved to prohibit its merchant fleet from entering the Strait of Hormuz, marking one of the...

From
Bloomberg
via
gCaptain
US Considers Easing Jones Act to Tame Spiraling Fuel Prices
The Trump administration plans to waive a century-old maritime law that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, according to people familiar with the matter.

From
Reuters
via
gCaptain
Iran’s Supreme Leader, in First Remarks, Vows to Avenge ‘Martyrs’, Keep Strait Closed
Iran will avenge the blood of its martyrs, keep the Strait of Hormuz closed and attack U.S. bases, new Supreme Leader Mojtaba Khamenei said on Thursday in a statement read out on state television, his first remarks since succeeding his slain father.

From
Reuters
via
gCaptain
Indian Source Says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives
Iran will allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said on Thursday, but an Iranian source outside the country denied any such deal was reached.

From
Bloomberg
via
gCaptain
US Hormuz Escorts May Start by End of the Month, Wright Says
The US Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
Wright said on CNBC on Thursday US military assets were currently focused on destroying Iran’s offensive capabilities and weapons manufacturing, but could shift focus to protecting shipping traffic in the coming weeks.

From
Malte Humpert
via
gCaptain
Russia Pushes Icebreakers to 270 Days at Sea as Sanctions Slow Arctic Fleet Renewal
Russia will push its nuclear-powered icebreakers to sea for up to 270 days a year, increasing workloads as an ageing fleet, sanctions-related delays and unpredictable ice conditions strain Moscow’s ability to escort cargo along the Northern Sea Route.

From
Reuters
via
gCaptain
Iran Warns World to Brace for $200 Oil
Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.