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President Donald Trump said on Sunday that the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning.Trump, in a post on his Truth Social site, gave few details about the operation, including whether the U.S. Navy would be involved.
https://www.marinelink.com/news/trump-us-help-free-ships-stranded-strait-538721
https://www.marinelink.com/news/trump-us-help-free-ships-stranded-strait-538721Capesize The market began the week lacking clear momentum, with sentiment broadly flat and activity unevenly distributed across the basins. The Pacific provided the main source of liquidity, supported by consistent miner presence and a steady flow of coal and tender cargoes. Despite this, rates remained constrained, with C5 trading within a relatively narrow range ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesize-market-lacking-momentum/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesize-market-lacking-momentum/Any shipper paying tolls to Iran for passage through the Strait of Hormuz, including charitable donations to organizations such as the Iranian Red Crescent Society, is at risk of punitive sanctions, the U.S. Treasury warned on Friday.The Strait…
https://www.marinelink.com/news/us-treasury-advises-shippers-not-pay-538704
https://www.marinelink.com/news/us-treasury-advises-shippers-not-pay-538704The Metals Co said on Friday U.S. regulators have found its consolidated application for deep seabed mineral exploration and commercial recovery to be fully compliant with federal requirements, marking a key step toward potential approval.The company said it expects the regulatory process…
https://www.marinelink.com/news/tmc-seabed-mining-application-meets-us-538705
https://www.marinelink.com/news/tmc-seabed-mining-application-meets-us-538705Ukrainian drones struck Russia's Black Sea port of Tuapse on Friday for the fourth time in 16 days as authorities struggled to cope with a mounting environmental disaster from toxic black smoke clouds and oil leaking into the sea.Ukraine's SBU…
https://www.marinelink.com/news/ukrainian-drones-hit-tuapse-port-again-538706
https://www.marinelink.com/news/ukrainian-drones-hit-tuapse-port-again-538706Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States, India and Europe, shipping data and documents from state company PDVSA showed on Friday.The…
https://www.marinelink.com/news/venezuelan-oil-exports-rise-highest-538707
https://www.marinelink.com/news/venezuelan-oil-exports-rise-highest-538707When Iran closed the Strait of Hormuz, the Administration had a real problem on its hands. I understand why a White House would want to move fast, but moving fast and moving smart are not the same thing. This week the Administration extended the current Jones Act waiver for another 90 days.
https://www.marinelink.com/news/oped-jones-act-waiver-a-gift-china-natos-538711
https://www.marinelink.com/news/oped-jones-act-waiver-a-gift-china-natos-538711The Chouest Group announced it has completed the acquisition of the Alliance business from Helix Energy Solutions Group. Alliance will be integrated into Champagne Energy Solutions (CES), expanding the Group’s offshore decommissioning and plug…
https://www.marinelink.com/news/chouest-group-acquires-alliance-business-538712
https://www.marinelink.com/news/chouest-group-acquires-alliance-business-538712Commodity trader Mercuria is suing the Baltic Exchange, the world's top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz…
https://www.marinelink.com/news/baltic-exchange-sued-hormuz-freight-538714
https://www.marinelink.com/news/baltic-exchange-sued-hormuz-freight-538714A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed and analysts said.With some vessels switching off tracking systems and U.S.
https://www.marinelink.com/news/us-naval-blockade-hammers-iran-oil-538684
https://www.marinelink.com/news/us-naval-blockade-hammers-iran-oil-538684