Stay informed with real-time maritime industry updates
gCaptain
The Trump administration's decision to extend the Jones Act waiver for another 90 days is facing increasing opposition from the U.S. maritime sector, including labor unions and domestic operators, as reported by gCaptain. The waiver extension has sparked concerns among various trade groups.
gCaptain
President Donald Trump stated that Iran has requested the United States to lift the naval blockade of the Strait of Hormuz, as reported by gCaptain. This request comes amid ongoing negotiations to end a two-month conflict that has significantly disrupted global energy supplies.
gCaptain
Royal Caribbean Group has confirmed orders for two additional Icon-class cruise ships from Finnish shipbuilder Meyer Turku, as reported by gCaptain. These will be the sixth and seventh vessels in the world’s largest cruise ship class.
Seatrade Maritime
EU Navfor is actively monitoring the situation involving the hijacked ships Honour 25 and Sward, as reported by Seatrade Maritime. The vessels were seized by Somali pirates last week, highlighting ongoing piracy threats in the region.
gCaptain
The Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, is attempting to cross the Strait of Hormuz, according to LSEG shipping data. This marks the first Japan-linked crude tanker to make such a crossing since the onset of the Iran war, as reported by gCaptain.
Seatrade Maritime
A Japanese VLCC has transited the Strait of Hormuz from the Arabian Gulf, accompanied by a Chinese tanker and a SeaLead container ship, as reported by Seatrade Maritime.
Offshore Energy
Taihan Cable & Solution has been chosen to produce, transport, and install submarine cables for solar power plants in South Korea, as reported by Offshore Energy. This project underscores the company's role in advancing renewable energy infrastructure.
Seatrade Maritime
Seatrade Maritime reports that a new rail corridor across Saudi Arabia and Egypt is being developed to connect the Arabian Gulf to the Mediterranean. This initiative is driven by the ongoing deadlock in the Strait of Hormuz, prompting alternative trade routes.
Offshore Energy
EnergyPathways has commenced the front end engineering and design (FEED) phase for a project that integrates offshore wind with compressed air energy storage, as reported by Offshore Energy. This initiative marks a significant step in renewable energy innovation.
Seatrade Maritime
Seatrade Maritime reports that Norden has increased its 2026 guidance due to a surge in tanker spot rates, influenced by the ongoing conflict in Iran. This development comes as the company faces additional cost pressures on its dry bulk operations.
