Trump Says China Offered to Help on Iran
FILE PHOTO: China’s President Xi Jinping and US President Donald Trump visit the Temple of Heaven in Beijing on May 14, 2026. BRENDAN SMIALOWSKI/Pool via REUTERS/File Photo
Trump Says China Offered to Help on Iran
Bloomberg
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May 14, 2026
By Omar Tamo, Eltaf Najafizada and Alex Longley (Bloomberg) –US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and reopen the
Strait of Hormuz
, after a commercial vessel was apparently seized near the United Arab Emirates.
Trump, who is visiting Chinese President Xi Jinping in Beijing, said his counterpart offered to help, something China has not explicitly confirmed. In a readout of the meeting between Trump and Xi, a White House official said the two sides agreed that the Strait of Hormuz must be open to support the free flow of energy.
“He said he’s not going to give them military equipment,“ Trump said, according to a clip of an interview wit
The weaponization of shipping channels
The weaponization of shipping channels
in
International Shipping News
15/05/2026
Could imposing a toll to pass through the Strait of Malacca, the narrow stretch of water that connects the Indian Ocean with the Pacific, be a profitable business? Indonesia’s Finance Minister Purbaya Yudhi Sadewa seemed to float the idea at the end of April. “If we split it three ways between Indonesia, Malaysia, and Singapore, that could be quite something, right?” he said.
He later clarified that he was not being entirely serious, after Indonesian Foreign Minister Sugiono said that his country supported the freedom of navigation and would not be imposing tolls on vessels passing through the strait, which runs between Indonesia, Malaysia, and Singapore.
Nonetheless, the remark raised the specter of maritime traffic being misused for geopolitical leverage, not just in the Strait of Hormuz, but in other waterways, too. “The closure of the Strait of Hormuz has forced policymakers in Asia to face questions o
IEA supports digital transformation of Glaciar Pesquera fisheries fleet with Inmarsat NexusWave roll-out
IEA supports digital transformation of Glaciar Pesquera fisheries fleet with Inmarsat NexusWave roll-out
gCaptain
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May 14, 2026
Inmarsat Maritime, a Viasat company, has worked with its Argentinian partner Ingenieros Electrónicos Asociados (IEA) to implement NexusWave for Glaciar Pesquera to support the fishing company’s fleetwide targets to achieve greater operational efficiency and enhanced crew welfare.
As a fully managed, bonded multi-network service,
NexusWave
delivers the cost and performance predictability Glaciar requires to meet its increasingly data-intensive commercial and crew connectivity needs. Previously, IEA had to monitor data usage and frequently experienced overages. Since NexusWave’s secure, high-speed service is truly unlimited, unexpected costs are avoided, and the technical teams can focus on more strategic tasks.
NexusWave is designed to provide enhanced network speed, increased stability and security, improved service reliability and continuous dat
Kharg Stalls as Iran Expands Maritime Control Across Hormuz
Kharg Stalls as Iran Expands Maritime Control Across Hormuz
in
International Shipping News
15/05/2026
Operational Overview
The Strait of Hormuz operating environment remained heavily constrained between May 11 and May 13 as Iranian export infrastructure continued operating below normal capacity, dark tanker staging expanded across protected Iranian waters, and IRGC-linked maritime activity intensified throughout the corridor.
Kharg Island showed its clearest signs yet of sustained export disruption. For the first time since April 18, all loading terminals were observed empty despite roughly 20 dark tankers remaining staged nearby with an estimated carrying capacity exceeding 25 million barrels. No confirmed crude departures have been observed from Kharg since May 7, while imagery also identified tug and repair activity near the island’s western infrastructure, reinforcing assessments that Iran is attempting to restore damaged loading capacity while holding export tonnage in reserve.
At
Atlantic Basin gasoline: tightest balance in years
Atlantic Basin gasoline: tightest balance in years
in
International Shipping News
15/05/2026
The east-west gasoline spread has flipped after 1.5 months of Atlantic Basin barrels heading east, prompting western markets to pull back supplies. At the same time, gasoline cracks have surged to multi-year highs on both sides of the Atlantic. US pump prices are at highs last seen in 2022 (EIA) while inventories are standing lower than year-ago levels in most Atlantic Basin markets.
Korea Invests 525 Billion Won in Ship Tech
Korea Invests 525 Billion Won in Ship Tech
in
Shipbuilding News
15/05/2026
The government will invest up to 525 billion won over five years to strengthen shipbuilding competitiveness and secure core technologies for seven types of vessels, including LNG carriers and ammonia carriers. Additionally, it will invest 1 trillion won by 2030 to secure an Artificial Intelligence (AI) shipyard capable of operating 24 hours a day. Furthermore, measures to maintain essential vessel production capacity will be pursued, such as having the public sector place orders for resource and energy vessels that have a significant impact on industrial security.
The Ministry of Trade, Industry and Energy held the ‘K-Shipbuilding Future Vision Forum’ on the afternoon of May 13 at the Hyundai Hotel in Ulsan to discuss strategies for leading the future shipbuilding market through strengthening the core of K-Shipbuilding and building a co-prosperity ecosystem.
At the forum, all members of the shipbuilding ecosyste
Samsung bonus fight spurs Korea shipbuilders to seek 30% profit-sharing
Samsung bonus fight spurs Korea shipbuilders to seek 30% profit-sharing
in
Shipbuilding News
15/05/2026
The debate over bonus distribution sparked by labor and management at Samsung Electronics is spreading to the shipbuilding industry. As the recovery in shipbuilding drives a full-fledged improvement in earnings at major shipbuilders, unions have begun including demands to allocate a set percentage of operating profit as bonuses in their wage and collective bargaining proposals.
According to the shipbuilding industry on the 14th, the labor union at HD Hyundai Heavy Industries included “sharing 30% of operating profit” as bonuses in this year’s wage and collective bargaining demands. This is the first time the union has proposed a specific percentage of operating profit as the source of bonuses.
Odfjell: Solid performance continues despite tension
Odfjell: Solid performance continues despite tension
in
International Shipping News
15/05/2026
Odfjell’s 1Q26 results were weaker YoY and QoQ and somewhat below our and consensus estimates, still quite solid in the exceptionally fluid geopolitical environment. We have made minor adjustments to our figures, reflecting higher uncertainty and inefficiencies that aroused due to the closure of the Strait of Hormuz. Nonetheless, we reiterated our Hold recommendation at a lower TP of NOK 125/sh.
China Wants Strait of Hormuz Open Free of Curbs, USTR Greer Tells Bloomberg News
Trade Representative Jamieson Greer attends the opening ceremony of APEC Ministers Responsible for Trade Meeting at International Convention Center in Seogwipo on Jeju island, South Korea, May 15, 2025. REUTERS/Kim Hong-Ji
China Wants Strait of Hormuz Open Free of Curbs, USTR Greer Tells Bloomberg News
Reuters
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May 15, 2026
By Liz Lee and David Lawder
BEIJING/WASHINGTON, May 15 (Reuters) – China wants to see the Strait of Hormuz reopen without curbs or tolls, U.S. Trade Representative Jamieson Greer told Bloomberg News in a live interview on Friday, adding that the U.S.
UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027
A cargo ship docked at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. REUTERS/Amr Alfiky
UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027
Bloomberg
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May 15, 2026
By Anthony Di Paola
May 15, 2026 (Bloomberg) –The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.
Abu Dhabi National Oil Co. is accelerating the construction of a pipeline that runs to the port of Fujairah on the Gulf of Oman, according to a statement from the emirate’s media office posted on X.