Stay informed with real-time maritime industry updates
gCaptain
RTX Corp. has secured a multi-year agreement with the Pentagon to significantly increase the production of Tomahawk Anti-Ship cruise missiles and SM-6 interceptors, as reported by gCaptain. This development comes shortly after President Trump criticized the company for being 'least responsive' to military needs.
Splash247
Solstad Maritime has secured a new contract for its construction support vessel, Normand Navigator, as reported by Splash247. The agreement, signed with an international subsea contractor, will commence in the second quarter of 2026 and last for 450 days.
gCaptain
Hong Kong has expressed strong disagreement with a Panamanian court's decision to annul a contract awarded to CK Hutchison Holdings Ltd. for operating two ports, as reported by gCaptain. The ruling has sparked diplomatic tensions between the two regions.
gCaptain
Tropical Cyclone Mitchell has intensified, prompting the closure of Australian ports, including Port Hedland, the world's largest iron-ore export hub, as reported by gCaptain. The cyclone is tracking towards the remote northwest of the country, according to Australia's weather bureau.
gCaptain
The Panama Canal Authority has opened the spillways at Gatún Dam after the reservoir reached its maximum capacity, a significant shift from the drought conditions during the 2023-24 El Niño, as reported by gCaptain. This development marks a notable change in the canal's operations following previous traffic restrictions.
gCaptain
gCaptain reports that over a dozen tankers carrying 10-12 million barrels of Russian Urals crude are navigating East Asia in search of buyers, following India's reduction in imports due to US pressure. Five of these tankers are currently signaling 'for orders' status, indicating a lack of confirmed buyers.
gCaptain
The U.S. Labor Department has issued new guidance to ease insurance requirements under the Longshore and Harbor Workers’ Compensation Act. This change is aimed at reducing costs for U.S. shipyards and bolstering the domestic maritime industrial base, as reported by gCaptain.
gCaptain
Panama's Supreme Court has nullified a nearly 30-year contract with CK Hutchison for operating two strategic canal ports, citing constitutional violations, as reported by gCaptain. In response, China has warned of potential repercussions, and CK Hutchison has initiated arbitration over the $23 billion deal.
gCaptain
As reported by gCaptain, supertanker operators are increasing speeds through the Strait of Hormuz due to escalating U.S.–Iran tensions. VLCCs are navigating this critical waterway at speeds significantly above normal, highlighting the strategic importance and congestion of the area.
gCaptain
The United States has announced a comprehensive sanctions package against Iran's shadow fleet, targeting vessels, managers, and traders involved in illicit oil and petrochemical exports, as reported by gCaptain. This move comes as Washington continues to apply pressure on Tehran while nuclear talks are underway.
