U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran."We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom ...
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels
Houthi fighters pushed to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last minute.A lightning advance by the Iran-backed group this month has extended the wider Middle East conflict to a new theatre and further threatened global
Iran threatened the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at U.S. warships, underscoring the risks of further escalation in the war only days after both sides traded blows again.The six-month-old war has been marked by a cycle of pauses followed by periodic flare-ups, with the U.S. last reporting attacks on Iranian targets on Saturday, when U.S.
On March 17, 2026, the U.S. Department of Homeland Security took the extraordinary step of issuing a sweeping waiver of the Jones Act at the request of the U.S. Department of Defense. The waiver, one of the broadest in the history of the nation’s cabotage laws, opened U.S. domestic waterways to foreign-flagged and foreign-built vessels carrying hundreds of energy and agricultural commodity types.
Wind propulsion company bound4blue has completed the installation of two suction sails on a newbuild vessel for Klaveness Combination Carriers (KCC).The two 24-metre eSAILs were installed on the MV Baltazar at New Yangzi Shipbuilding in China, with the vessel expected to begin operations in the third quarter of 2026.
The U.S. will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week, and quietly let a similar waiver on sanctions on Russian oil expire over the weekend, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports.
bound4blue and Eastern Pacific Shipping (EPS) have completed the second installation of eSAILs in EPS’ fleet, fitting three 22-meter-high units on MR tanker Pacific Sunstone at New Times Shipbuilding in Jiangsu Province, China. The project marks EPS’ first newbuild installation following a successful retrofit project on Pacific Sentinel.
The Trump administration on Wednesday announced a 60-day waiver of the Jones Act shipping law, temporarily allowing foreign-flagged vessels to move fuel, fertilizer and other goods between U.S. ports as soaring energy and agricultural prices strain supply chains amid the ongoing conflict in and around Iran.
Windward is publishing daily intelligence reports on the crisis in the Gulf as the situation develops.The highlights of today's report are as follows: Operation Epic Fury triggered immediate disruption across maritime chokepoints in the Gulf.Commercial tanker traffic through the Strait of Hormuz collapsed as strikes, threats, and insurance withdrawal drove operators out of the corridor.
The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday.The seizure was the first interdiction of an oil cargo or tanker from Venezuela, which has been under U.S. sanctions since 2019. It came as the U.S.
bound4blue, a leader in wind propulsion systems, has closed a $44 million funding round backed by leading maritime corporates, ship owning families, climate-focused investors and government capital. The round was led by OCTAVE Capital, an investment platform affiliated with major shipowner: IMC, and Katapult Ocean.