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FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case April 29, 2026
Three years after bankrupt retailer Bed Bath & Beyond accused Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime...
Mike Schuler
Trump Discusses Sustaining Iran Blockade for Months as Oil Prices Surge April 29, 2026
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal.
Reuters
Navy Awards HII $283 Million Contract to Kick Off FF(X) Frigate Construction April 29, 2026
The U.S. Navy has awarded HII’s Ingalls Shipbuilding a $283 million contract to begin lead yard support work for the Navy’s new FF(X) frigate program, marking a major next step...
Mike Schuler
FarSounder Celebrates 25 Years of Innovation in Marine Navigation April 29, 2026
FarSounder marks its 25th anniversary in 2026, celebrating a quarter-century of advancing marine navigation technology and improving safety at sea. Since its founding, the company has continuously evolved its 3D...
gCaptain
The Forgotten Fuel That Could Power Shipping’s Future April 29, 2026
Thorium, an abundant and largely overlooked radioactive metal, is emerging as the fuel of a new generation of compact molten salt reactors that could transform how ports produce marine fuels and support the energy transition. With China achieving the world’s first experimental proof of the thorium breeding cycle, and Danish engineers designing factory-built reactors that […]
Paul Morgan
Strait of Hormuz Nears Third Month of Closure April 29, 2026
A fully-laden Japan-linked oil tanker completed a rare transit of the Strait of Hormuz, as the effective closure of the waterway to most international traffic enters its third month.
Bloomberg
Canada’s First Coast Guard Arctic and Offshore Patrol Cutter Launched at Halifax Shipyard April 29, 2026
Halifax Shipyard has launched the first Arctic and Offshore Patrol Ship built for the Canadian Coast Guard, marking the latest milestone in Canada’s National Shipbuilding Strategy and the ongoing renewal...
Mike Schuler
Appeals Court Backs FMC in Landmark Detention Charges Ruling Against Evergreen April 29, 2026
A federal appeals court has upheld a closely watched Federal Maritime Commission ruling against Evergreen Marine over container detention charges, in a decision that could reinforce regulatory scrutiny of carrier fee practices and strengthen...
Mike Schuler
U.S. Treasury Warns Hormuz ‘Toll’ Payments to Iran Could Trigger Sanctions April 29, 2026
The U.S. Treasury Department has issued new sanctions guidance warning that payments to Iran or the Islamic Revolutionary Guard Corps for so-called “safe passage” through the Strait of Hormuz are prohibited, adding...
Mike Schuler
Aged Oil Tanker Suggests Iran Is Bringing Back Retired Ships April 29, 2026
A 29-year-old Iranian supertanker has appeared at Kharg Island after years off the radar, a sign that Tehran could be using retired ships to keep loading oil as its storage space runs out.
Bloomberg