Stay informed with real-time maritime industry updates
gCaptain
President Donald Trump is set to review policy options to manage energy prices amid the Middle East conflict, including a proposal for U.S. government assistance in securing insurance for oil tankers, as reported by gCaptain.
gCaptain
gCaptain reports that Ocean Network Express (ONE) has halted bookings to Middle East Gulf ports, raising fears of congestion at major global shipping hubs. Jeremy Nixon, ONE's CEO, discussed the implications of this decision at the S&P Global TPM event.
Splash247
United European Car Carriers (UECC) is expanding its fleet by ordering two additional eco-friendly car carriers from China, Splash247 reports. The Oslo-based shortsea roro operator, co-owned by Wallenius Lines and Nippon Yusen Kaisha, has signed a contract for the vessels at China Merchants Jinling Shipyard Nanjing.
gCaptain
As reported by gCaptain, India has started rationing natural gas while Asian countries are looking to the spot market for LNG supplies following a halt in Qatari output due to Middle East conflicts. This disruption has led nations to activate emergency plans and consider increasing production to mitigate the impact.
gCaptain
The ongoing conflict involving Iran has shifted container shipping concerns from overcapacity to a sudden supply crunch, with 750 ships stranded and insurers declining coverage, as reported by gCaptain. Industry experts at the TPM conference have warned of disruptions reminiscent of the pandemic era.
gCaptain
London's marine insurance market has widened the Gulf high-risk zone to encompass Bahrain, Djibouti, Kuwait, Oman, and Qatar, as reported by gCaptain. This expansion comes as war risk premiums have increased fivefold due to U.S.-Israel airstrikes on Iran, significantly raising shipment costs.
gCaptain
The LNG carrier Arctic Metagaz, part of Russia's shadow fleet, reportedly caught fire in the central Mediterranean near Malta and Libya, as reported by gCaptain. A maritime patrol aircraft was seen circling the area early Tuesday.
gCaptain
The recent shutdown of commercial traffic through the Strait of Hormuz has caused significant disruptions in global shipping markets, as reported by gCaptain. This follows coordinated U.S. and Israeli strikes on Iran, leading to a spike in tanker rates and LNG bottlenecks.
Offshore Energy
Brazilian oil and gas company PRIO has obtained an operating license for a subsea tie-back project in the Campos basin, as reported by Offshore Energy. This development marks a significant step for PRIO, formerly known as PetroRio, in its operations off the coast of Brazil.
Offshore Energy
Venture Global, a U.S.-based LNG producer, has entered into a long-term agreement with Trafigura, a company headquartered in Singapore, as reported by Offshore Energy. This deal involves liquefied natural gas sourced from North American basins.
