Stay informed with real-time maritime industry updates
gCaptain
Ocean Network Express (ONE) has reported a net loss of $88 million in the third quarter of its fiscal year 2025, as overcapacity impacts the market, according to gCaptain. The company's revenue stood at $4.07 billion during this period.
gCaptain
The U.S. Department of Transportation has granted Texas GulfLink, LLC a license to construct and operate a deepwater crude oil export terminal off the Texas coast, marking the first approval of its kind since the Trump administration, as reported by gCaptain.
gCaptain
Two workers have been arrested in Hamburg on suspicion of sabotaging German warships, as reported by gCaptain. The prosecutor general's office announced the arrests, which are related to incidents in 2025.
gCaptain
Malaysia has quietly released two crude oil tankers that were seized on suspicion of conducting unauthorized ship-to-ship transfers off Penang, as reported by gCaptain. This incident highlights the challenges in enforcing regulations against the shadow fleet operating in the region.
gCaptain
The U.S.-flagged tanker Stena Imperative was reportedly harassed by Iranian forces while transiting the Strait of Hormuz, a critical passage for U.S. military fuel supply, as reported by gCaptain. This incident underscores ongoing tensions in the region.
Seatrade Maritime
Seatrade Maritime reports that six Iranian gunboats armed with .50-calibre guns threatened the US-flagged tanker Stena Imperative in the Strait of Hormuz, ordering it to stop its engines. The incident highlights ongoing tensions in the region.
gCaptain
The American Great Lakes Ports Association (AGLPA) has initiated a study to explore the economic and transportation benefits of expanding cargo shipments between the Great Lakes and inland waterways, as reported by gCaptain. This unprecedented partnership aims to enhance connectivity between the nation's two busiest inland shipping channels.
gCaptain
Maersk and Hapag-Lloyd have announced the return of the Gemini Cooperation service to the Red Sea, marking a significant step in restoring maritime traffic through the Suez Canal. This development is seen as a cautious yet promising move in one of the world's most disrupted maritime regions, as reported by gCaptain.
gCaptain
China has issued a warning to Panama about potential 'heavy prices' following a court decision that nullified Hong Kong-based CK Hutchison's contract to operate two ports at the Panama Canal, as reported by gCaptain. This development highlights the tensions surrounding international port operations.
gCaptain
A new trade agreement between the United States and India could significantly alter global crude oil flows and tanker demand, potentially impacting Russian seaborne oil exports, as reported by gCaptain. This development may have broad implications for the global oil market.
