Releases
Announcements, partnerships, and product updates from Blackwell.
Industry News
Headlines from across the maritime and offshore energy industry.
Hormuz War Risk Cover Climbs as Shipowners Pull Back
London marine insurers report fewer inquiries for Strait of Hormuz transits and rising premiums as fresh US and Iran exchanges rattle shipowners, with rates now running between 2 and 6 percent of vessel value.
Source: gCaptain
Last Western Shipyard Servicing Russia's Arctic LNG Fleet Receives Another Icebreaking Gas Carrier
The Arc7 icebreaking LNG carrier Rudolf Samoylovich arrived at Denmark's Fayard yard for maintenance, making the Odense facility the last European shipyard still servicing the vessels that keep Russia's Yamal LNG project running year round before an EU ban takes effect in January 2027.
Source: gCaptain
CMA CGM to Buy FedEx Supply Chain for $1.4 Billion, Expanding North American Logistics Business
CMA CGM agreed to acquire FedEx Supply Chain for $1.4 billion, nearly tripling the North American footprint of its CEVA Logistics arm and locking in a multi year ocean and air cargo partnership with FedEx.
Source: gCaptain
Maersk Raises 2026 Earnings Outlook as Container Market Strength Continues
A.P. Moller-Maersk lifted its 2026 EBITDA guidance to $8 billion to $10 billion from a prior $4.5 billion to $7 billion, citing stronger container demand and sustained spot rate gains out of the Far East as Red Sea and Hormuz disruption keeps vessel capacity tied up.
Source: gCaptain
Trump Administration Secures Duke Energy Exit From Carolina Offshore Wind Lease in Latest Buyout Deal
The Trump administration reached a deal with Duke Energy to terminate its Carolina Long Bay offshore wind lease, redirecting $129 million into nuclear, natural gas and grid investments. It is the latest in a series of negotiated buyouts that have now unwound more than $2.5 billion in U.S. offshore wind lease commitments.
Source: gCaptain
Russia Appears to Arm LNG Tanker in Baltic as Maritime Tensions With NATO Deepen
Estonian border surveillance photos show heavy machine guns mounted on the bridge wings of Gazprom's Marshal Vasilevskiy, an LNG carrier supplying Kaliningrad, in what analysts call an unprecedented militarization of a civilian Russian energy vessel as Baltic tensions with NATO rise.
Source: gCaptain
Aramco Helicopter Crash in Ras Tanura Kills All 14 on Board
A Saudi Aramco helicopter crashed Sunday morning in Ras Tanura, killing all 14 Saudi nationals on board just days after the kingdom resumed crude loadings through the Strait of Hormuz.
Source: gCaptain
US Carries Out Fresh Strikes Against Iran After Tanker Struck In Hormuz, Escalating Hostilities
U.S. Central Command launched fresh strikes on Iranian military targets early Sunday after a Panama flagged tanker was hit by an Iranian drone in the Strait of Hormuz, the worst escalation since the two sides signed an interim peace deal two weeks ago.
Source: gCaptain
Saudi Arabia Is Ramping Up Oil Exports As Gulf Ports Restart
Saudi Arabia restarted crude loadings at Ras Tanura on the Persian Gulf for the first time since March, with two VLCCs at single point moorings and Yanbu shipments averaging 4.1 million barrels a day as Gulf exports recover to roughly three quarters of pre war levels.
Source: Bloomberg via gCaptain
France Seizes 'Shadow Fleet' Tanker, Stepping Up Pressure on Russia
France's navy boarded the tanker Deliver near Sicily on Thursday, the fourth shadow fleet vessel Paris has seized this year as European countries step up enforcement against ships carrying Russian oil to Asia. Nine such tankers have now been detained across Europe since January.
Source: gCaptain
Oil Tanker Booked in Persian Gulf at 897% of Benchmark Rate
South Korean owner Sinokor provisionally booked a supertanker to lift Persian Gulf crude to India at 897% of the Worldscale benchmark, the highest tanker fee recorded this year, as owners reposition VLCCs after the interim Iran and US deal eased Strait of Hormuz risk.
Source: gCaptain
Brent Enters Contango for First Time Since Iran War Began as Gulf Supply Surges
Brent crude flipped into contango on Wednesday for the first time since the Iran war began in February, with September contracts trading 12 cents above August as roughly 20 million barrels exited the Strait of Hormuz in 24 hours.
Source: gCaptain