Shipping

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.


Wednesday, March 4, 2026
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode

It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates

March 4, 2026
Total Views: 1138

FILE PHOTO: Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz
Shipping

Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns

Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference

March 4, 2026
Total Views: 1316

A containership arrives at the Port of Rotterdam
Shipping

EU Unveils Maritime Industrial and Ports Strategies to Boost Shipbuilding, Security, and Decarbonization

The European Commission on Wednesday unveiled sweeping new strategies aimed at strengthening Europe’s maritime industrial base and modernizing its ports, as

March 4, 2026
Total Views: 495

Illustration shows map showing the Strait of Hormuz and Iran
Shipping

Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate

A containership transiting the Strait of Hormuz was struck by a projectile on Wednesday, damaging the vessel and forcing the crew to abandon ship in the latest

March 4, 2026
Total Views: 2933

Belgian forces board the MT Ethera in the North Sea
Maritime Security

Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera

Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The

March 4, 2026
Total Views: 486

Thermal targeting image showing a torpedo detonation alongside the Iranian Navy frigate IRIS Dena, with a large water plume rising from the explosion during a U.S. submarine strike in the Indian Ocean on March 4, 2026.
Defense

U.S. Submarine Torpedoes Iranian Frigate in Indian Ocean in First Wartime Strike of its Kind Since World War II

An Iranian Navy warship has been sunk by a U.S. Navy attack submarine in the Indian Ocean, marking what U.S. officials say is the first time since World War

March 4, 2026
Total Views: 1861

Oil tankers pass through the Strait of Hormuz
News

BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits

The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the

March 4, 2026
Total Views: 884

Illustration shows map showing the Strait of Hormuz and Iran
Shipping

Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the

March 4, 2026
Total Views: 1009

Tuesday, March 3, 2026
A screenshot of video alleged to show the fire onboard the sanctioned LNG carrier Arctic Metagaz
Shipping

Crew of Sanctioned Russian LNG Carrier Arctic Metagaz Found Alive After Fire Incident Off Malta

The crew of the sanctioned Russian LNG carrier Arctic Metagaz have been located alive after abandoning ship following a reported fire in the central

March 3, 2026
Total Views: 12569

ships at anchor
Shipping

Trump Orders Federal Insurance Backstop for Gulf Shipping, Signals Possible Navy Tanker Escorts

President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade

March 3, 2026
Total Views: 3461

tanker underway at sea from the bridge
Shipping

White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis

President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict,

March 3, 2026
Total Views: 1127

Containership and cranes at DP World Jebel Ali
Shipping

Container Shipping: Gulf Booking Freeze Triggers Congestion Fears at Global Hubs

By Gavin van Marle (The Loadstar) – After ONE cancelled bookings to Middle East Gulf ports yesterday, its chief executive, Jeremy Nixon, told delegates

March 3, 2026
Total Views: 1223

LNG carrier with letters L N G on side.
Shipping

Asia Scrambles for LNG as Qatar Output Halted, India Begins Gas Rationing

India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared

March 3, 2026
Total Views: 3936

Illustration shows map showing the Strait of Hormuz and Iran
News

Strait of Hormuz Shockwaves: Drewry Sees Tanker Spike, LNG Bottlenecks, and Trade Rewiring Across Shipping

The effective shutdown of commercial traffic through the Strait of Hormuz has jolted global shipping markets after coordinated U.S. and Israeli strikes on Iran

March 3, 2026
Total Views: 1871

China Calls on All Sides to Protect Ships Transiting Hormuz
Shipping

China Calls on All Sides to Protect Ships Transiting Hormuz

China has called on all sides of the Iran war to ensure the safe passage of ships through the Strait of Hormuz, the most direct call to date from the Islamic

March 3, 2026
Total Views: 1297

Monday, March 2, 2026
Oil tankers navigate Strait of Hormuz between Iran and Oman in Persian Gulf
Shipping

Gulf War Risk Insurance Pulled as Reinsurers Exit

The global marine insurance market is rapidly retrenching from the Persian Gulf as escalating military conflict between the United States, Israel, and Iran

March 2, 2026
Total Views: 3894

Oil tankers pass through the Strait of Hormuz
Shipping

Shipping Industry Demands Protections for Maritime Workers on Front Lines of Middle East Conflict

The escalating military conflict in the Middle East has placed seafarers and port workers on the front lines of a geopolitical crisis, prompting urgent calls

March 2, 2026
Total Views: 1838

A screenshot showing CENTCOM's tweet claiming of a strike on the IRIS Shahid Bagheri.
Shipping

CENTCOM: US Forces Struck Iranian Drone Carrier Shahid Bagheri in Opening Hours of Iran Campaign

Within hours of launching Operation Epic Fury on Iran, U.S. forces struck the Shahid Bagheri, Iran’s first dedicated drone carrier, according to the

March 2, 2026
Total Views: 5440

EUNAVFOR warship escorts a containership in the Red Sea as part of the EU's Operation ASPIDES
Shipping

Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface

The brief reprieve in Red Sea shipping attacks ended this weekend as Yemen's Houthi movement signaled an imminent return to targeting commercial vessels,

March 2, 2026
Total Views: 3807

Oil tankers pass through the Strait of Hormuz
Shipping

Strait of Hormuz Enters Active Crisis: Five Ships Hit, Traffic Collapses, Tanker Markets Brace for Historic Shock

The Strait of Hormuz has entered its most dangerous phase in years after a concentrated wave of missile and drone attacks struck five commercial vessels across

March 2, 2026
Total Views: 7495