Three ships struck in new Strait of Hormuz attacks
At least three ships have been attacked in the Strait of Hormuz since we last reported on the situation. UKMTO warnings indicate that all were struck by “unknown projectiles.” Media reports identify
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FMC monitoring Strait of Hormuz surcharges
The Federal Maritime Commission (FMC) reports that it is closely monitoring the impact the current conflict in the Middle East is having on shipping conditions through the Strait of Hormuz. Under its
Strait of Hormuz: Another attack and a disturbing UNCTAD analysis
With today bringing news of an incident involving a bulk carrier 36 nautical miles north of Abu Dhabi, vessel operators are still wary of sending ships through the Strait of Hormuz. Windward
U.S. DFC unveils $20BN plan for maritime reinsurance in the Gulf
U.S. International Development Finance Corporation (DFC) CEO Ben Black and U.S. Treasury Secretary Scott Bessent on Friday,announced agreement on a detailed implementation plan, approved by President Trump, to deploy mritime reinsurance, including
Interior proposes cutting costs of offshore decommissioning guarantees
The U.S. Department of the Interior is proposing changes to a rule put in place in 2024 that substantially increased financial assurance requirements for the offshore oil and gas industry operating on
Onboard carbon capture as a transitional option for shipping
Sponsored Content: As pressure mounts on shipowners to reduce emissions while maintaining operational flexibility, onboard carbon capture is drawing serious attention across the maritime sector. Many vessels will continue operating on carbon
Sonangol tanker damaged as Strait of Hormuz transits plunge
While anchored near Khor al-Zubai, Iraq, the Bahamas flagged crude oil tanker Sonangol Namibe yesterday reported hull damage after being approached by a small boat. It is the latest in a string
NOAA issues ANPRM on right whale vessel speed rule
NOAA’s National Marine Fisheries Service has published an advance notice of proposed rulemaking (ANPRM) that requests information that could help modernize regulations designed to reduce the risk of lethal vessel strikes with
Trump plans insurance guarantees and naval escorts for Strait of Hormuz transits
In a post on social media yesterday, President Trump wrote; “Effective immediately, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance
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Cydome: Growing AI use by maritime sharply increases the risk of a cyber attack
The speed with which the global maritime industry is adopting AI technology to optimize operations, recruitment and maintenance is leaving the sector open to a swift, autonomous cyber-attack that is almost impossible