What is happening on board ships in the Persian Gulf? | Update on Strait | Trump Admin Acts

Video Description

In this episode we take a look at the 3,200 ships and 20,000 crewmembers stuck on board ships and what one merchant mariner has reported on the situation on board. We updated the situation in the Strait of Hormuz and Persian Gulf, with Iran allowing ships to leave and enter, and also look at each of the major trading sectors. Finally, we look at the Trump administration proposal to remove the sanctions on Russian and even Iranian oil afloat to offset the increase cost and shortages, while enacting a 60-day waiver of the Jones Act, allowing foreign vessels to engage in the coastwise trade of the United States to haul oil, gas, and fertilizer. Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: [email protected] 00:00 Introduction 00:50 Ships and Crew in the Persian Gulf 07:24 March 19 Update 13:48 Un-sanction Russian and Iranian Oil 17:30 60 Day Waiver of the Jones Act 28:43 Conclusion Trump Waives Jones Act for 60 Days—Shipping Interests Say It Won’t Help Lower Gas Prices https://gcaptain.com/trump-waives-jones-act-for-60-days-shipping-interests-say-it-wont-help-lower-gas-prices/ Iran establishes ‘safe’ shipping corridor for approved and paid for transits https://www.lloydslist.com/LL1156656/Iran-establishes-safe-shipping-corridor-for-approved-and-paid-for-transits G7 Allies Condemn Iran’s ‘De Facto Closure’ of Hormuz, Call for Immediate Halt to Attacks https://gcaptain.com/g7-allies-condemn-irans-de-facto-closure-of-hormuz-call-for-immediate-halt-to-attacks/ Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher https://gcaptain.com/container-spot-rates-edge-higher-for-third-week-transpacific-leads-gains-hormuz-crisis-pushes-costs-higher/ Automotive sector set for disruption as large vehicle carriers remain stranded in Gulf https://www.lloydslist.com/LL1156654/Automotive-sector-set-for-disruption-as-large-vehicle-carriers-remain-stranded-in-Gulf Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years https://gcaptain.com/iran-attack-wipes-out-17-of-qatars-lng-capacity-for-up-to-five-years/ Yanbu loading risk rises as Iran targets energy infrastructure https://www.lloydslist.com/LL1156667/Yanbu-loading-risk-rises-as-Iran-targets-energy-infrastructure Concerns mount over rate hangover after wartime tanker boom ends https://www.lloydslist.com/LL1156658/Concerns-mount-over-rate-hangover-after-wartime-tanker-boom-ends Trump Floats U.S. Withdrawal from Hormuz ‘Straight’ Security Role https://gcaptain.com/trump-floats-u-s-withdrawal-from-hormuz-straight-security-role/ Washington Issues Broad Waiver Reopening Venezuela Oil Sector to U.S. Companies https://gcaptain.com/washington-issues-broad-waiver-reopening-venezuela-oil-sector-to-u-s-companies/ U.S. May Remove Sanctions on Iranian Oil Stranded at Sea https://gcaptain.com/u-s-may-remove-sanctions-on-iranian-oil-stranded-at-sea/