16 SEPT 2026 The deal would have given substantial concessions to Iran – but the diplomatic process is now holed beneath the waterline. Several different developments taking place in recent days indicate that diplomacy and negotiation are not going to bring warfare in the Gulf to an end anytime soon, …
Read More »OMAN SAYS ‘EL GAIA’ BEING TOWED TO PORT; TWO CREW MISSING
15 SEPT 2026 The tanker El Gaia sits off Oman with smoke and flames visible near the stern following an onboard fire. Omani authorities said Tuesday that the Panama-flagged tanker El Gaia is being towed to port after a fire aboard the vessel was brought under control, while two crew members remain …
Read More »SWEDISH CLUB WARNS CAPE HORN IS NO SIMPLE PANAMA CANAL ALTERNATIVE
14 SEPT 2026 A tightening Panama Canal is once again forcing shipowners to weigh longer routes around South America, but the Swedish Club is warning that Cape Horn and the Strait of Magellan are far from straightforward substitutes. In a new member alert, the marine insurer said worsening water conditions …
Read More »OIL TANKER RATES TOP $1 MILLION A DAY AS HORMUZ WAR SQUEEZES FLEET
13 SEPT 2026 The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes. Vessels hauling oil from inside the Persian …
Read More »WORLD SHIPPING COUNCIL CALLS FOR IMO ACTION ON LITHIUM BATTERY CARGO SAFETY GAP
12 SEPT 2026 The World Shipping Council is urging governments to close what it says is a dangerous loophole in international shipping rules that can allow containers packed with thousands of lithium batteries to move without carriers knowing they are onboard. The issue centers on Special Provision 188 of the …
Read More »CAPTAIN AND BOATSWAIN GO ON TRIAL IN FINLAND FOR ANCHOR DRAGGING INCIDENT
09 SEPT 2026 Finland detaiend the cargo ship accusing it of causing damage by dragging its anchor. Finnish prosecutors are back in court seeking to hold a captain and a boatswain from a cargo ship responsible for dragging the vessel’s anchor across the Gulf of Finland and damaging critical undersea …
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