Stay informed with real-time maritime industry updates
Splash247
Technology and trust were key topics at the Geneva Dry 2026 conference, where industry leaders discussed the impact of digital tools on the dry bulk shipping supply chain, as reported by Splash247. The panel on Digital Efficiency Drivers highlighted ongoing inefficiencies costing the sector millions.
Seatrade Maritime
Seatrade Maritime reports that those seeking prompt Very Large Crude Carriers (VLCCs) are paying up to a 35% premium for resales compared to newbuildings. This trend highlights the rising demand and value for existing VLCC tonnage.
gCaptain
Three U.S. Navy destroyers were attacked by missiles, drones, and small boats while transiting the Strait of Hormuz, as reported by U.S. Central Command. The incident occurred on Thursday, highlighting ongoing tensions in the region, according to gCaptain.
gCaptain
The Trump administration's extension of the Jones Act waiver is facing increased opposition, now joined by top House labor lawmakers, as reported by gCaptain. This growing backlash includes maritime unions, domestic operators, and industry groups.
gCaptain
The Trump administration is considering the introduction of nuclear-powered commercial shipping as part of an ambitious plan to rejuvenate the U.S. maritime industry, according to gCaptain. This initiative marks a significant shift in strategy aimed at reshaping the future of American shipping.
gCaptain
Oil supplies are expected to remain tight even if a U.S.-Iran peace deal is reached, as it will take weeks for shipments from the Middle East Gulf to resume, according to gCaptain. Energy companies are likely to continue drawing from storage to meet summer demand.
gCaptain
Australia has prohibited a Liberian-flagged bulker from entering its ports due to findings of crew underpayment and unlawful charges for drinking water, as reported by gCaptain. This action is part of Australia's intensified efforts to address labor abuses in the maritime industry.
gCaptain
Indian sailor Tithi Chiranjeevi described terrifying nights filled with drone and missile explosions while his ship was stranded in Iran due to the Strait of Hormuz blockade, as reported by gCaptain. The blockade, a result of the Middle East conflict, left the crew in fear and hunger for over a month.
gCaptain
The Trump administration has imposed sanctions on Iraq's deputy oil minister and several militia-linked companies for allegedly aiding Iran in smuggling oil, as reported by gCaptain. This move is part of a broader economic campaign against Tehran.
gCaptain
Container spot rates have rebounded this week following three weeks of decline, as reported by gCaptain. This change comes as ocean carriers implement emergency fuel and peak season surcharges due to rising operational costs linked to tensions in the Hormuz region.
