The March 12, 2026, update discusses the attack on two tankers off the coast of Kuwait and a containership off the UAE. We provide an update on shipping news including some national perspectives. Finally, an examination of Secretary Wright's comments about convoying, the issues with conducting convoy operations and the proposal to waive the Jones Act for 30 days in an effort stem fuel costs in the United States.

Contact What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
Bluesky: @mercoglianos.bsky.social
Facebook: @wgowshipping
Email: mercoglianosal@gmail.com

00:00 Introduction
02:11 March 12 Update Persian Gulf/Strait of Hormuz
06:59 News Updates
09:48 How the US is Fumbling Global Shipping: Escorts, SPR u0026 The Jones Act

Tankers and Containership Hit Across Persian Gulf as Maritime Attacks Continue
https://gcaptain.com/tankers-and-containership-hit-across-persian-gulf-as-maritime-attacks-continue/

Explosive Sea Drones Emerge as New Threat to Tankers in Gulf Attacks
https://gcaptain.com/explosive-sea-drones-emerge-as-new-threat-to-tankers-in-gulf-attacks/

Covert Shores
https://www.hisutton.com/IRGC-USV.html

JMIC Advisories
https://www.ukmto.org/partner-products/jmic-products/jmic-advisories/2026

Iran’s shadow fleet disrupted by Middle East war
https://www.lloydslist.com/LL1156581/Iran%E2%80%99s-shadow-fleet-disrupted-by-Middle-East-war

Middle East VLCC indexes are still near peak but Atlantic rates are sinking
https://www.lloydslist.com/LL1156591/Middle-East-VLCC-indexes-are-still-near-peak-but-Atlantic-rates-are-sinking

Up to 140 containerships at risk in Gulf as indiscriminate attacks spread
https://www.lloydslist.com/LL1156596/Up-to-140-containerships-at-risk-in-Gulf-as-indiscriminate-attacks-spread

Indian Source Says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives
https://gcaptain.com/indian-source-says-iran-to-allow-india-flagged-tankers-through-hormuz-as-first-tanker-arrives/

Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate
https://gcaptain.com/norway-bars-its-ships-from-hormuz-as-attacks-on-merchant-vessels-escalate/

US Hormuz Escorts May Start by End of the Month, Wright Says
https://gcaptain.com/us-hormuz-escorts-may-start-by-end-of-the-month-wright-says/

U.S. to Release 172 Million SPR Barrels as New Tanker Attacks Drive Oil Higher
https://gcaptain.com/u-s-to-release-172-million-spr-barrels-as-new-tanker-attacks-drive-oil-higher/

Naval escorts would cap tanker transits at under 10% of normal volumes
https://www.lloydslist.com/LL1156589/Naval-escorts-would-cap-tanker-transits-at-under-10-of-normal-volumes

US Considers Easing Jones Act to Tame Spiraling Fuel Prices
https://gcaptain.com/us-to-ease-shipping-rule-in-bid-to-tame-spiraling-fuel-prices/