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NATO Weighing Hormuz Mission If...
By Andrea Palasciano (Bloomberg) — NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz...
DLR’s MODULARIS project gives shipowners...
Germany’s maritime research sector is preparing for a new phase of at-sea technology trials as DLR pushes ahead with...
Future-ready seafarers: Bridging technical excellence...
During the 5th SAFETY4SEA Manila Forum, Dr. Alex M. Enriquez, President of Magsaysay Learning Resources Inc., emphasized that the future of maritime...
Captain Belal Ahmed: A Bangladeshi...
Captain Belal Ahmed: A Bangladeshi Mariner Who Reached the Summit of Global Shipping The rise of Captain Belal Ahmed...
Iran Launches Bitcoin-Based Insurance Scheme for Ships Crossing Hormuz...
posted on: May 21, 2026
Bloomberg By Golnar Motevalli (Bloomberg) — Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs. According to a screen shot of the insurance company’s website, dubbed Hormuz Safe and shared by Fars news, it “provides Iranian shipping companies and cargo owners with fast, verifiable digital insurance.” Fars didn’t give a detailed break down of how the insurance works and whether it’s available to foreign shipping companies and vessels. Iran is heavily sanctioned by the US and its use of cryptocurrencies like Bitcoin and Tether has ballooned since President Donald Trump started targeting its economy and energy exports during his first administration. Iran has effectively shut the Strait of Hormuz — a major conduit for global energy supplies and other goods — since...
The race to redraw the Middle East’s trade map accelerates...
posted on: May 21, 2026
With no end in sight to the Hormuz shipping crisis, governments and corporates across the Middle East and beyond are accelerating a fundamental redrawing of global trade corridors, as the International Energy Agency warns the disruption has already surpassed the oil shocks of the 1970s in scale. The latest move came on Tuesday, when AD Ports Group and Abu Dhabi petrochemicals giant Borouge signed a partnership agreement to explore establishing an alternative international export hub on the UAE’s east coast, using AD Ports’ Fujairah Terminals and eastern port facilities as the anchor. Borouge is AD Ports’ largest exporter and the two companies have worked together since 2001. The new agreement goes further, with both parties committing to assess dedicated polyolefins infrastructure on the east coast and to engage jointly with shipping companies to develop new routes via Fujairah that reduce reliance on constrained maritime passages through Hormuz. “We are...
The Strait of Hormuz Crisis Is Cracking the Petrodollar System...
posted on: May 21, 2026
By Ron Bousso LONDON, May 18 (Reuters) – The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn to increasingly opaque deals with Tehran and Gulf producers to secure supplies. Since the outbreak of the war on February 28, roughly a fifth of global oil supplies from the Gulf have been disrupted, dealing a tough blow to economies, particularly in Asia, which depends on the Middle East for about 60% of its imports. Video Muted With the Hormuz blockade now in its 13th week, there are growing signs that major Asian importers are adapting to the new reality by striking direct arrangements with Gulf producers, often with Tehran’s consent, to allow vital flows of crude, chemicals and fertilizer through the Strait. In recent days, several oil tankers have crossed Hormuz, frequently sailing with their tracking systems switched off to avoid detection,...
Plotting the path to safer sailing with e-Navigation...
posted on: May 21, 2026
Timo Essers, e-Navigation Director at NAVTOR, explores how digital innovation is helping vessels navigate an increasingly complex world with safety, compliance, and confidence. Timo Essers, e-Navigation Director at NAVTOR The modern shipping industry is more challenging to navigate than ever. Shifting commercial pressures, fast-moving regulatory developments, uncertainty surrounding future fuel pathways, (massively) unpredictable geopolitics… everything seems to be in state of flux. Taken together, it’s easy to see why many owners feel they are facing a ‘perfect storm’ – one they have little choice but to steer directly into. With minimal influence over external forces, the focus naturally shifts inward. What can shipping companies control? How can internal processes be strengthened to ensure safer operations? This is where e-Navigation comes into its own. Charting success NAVTOR has been at the forefront of e-Navigation since its inception in 2011, growing rapidly to become a true global market leader. Today, its solutions...
Trump Says Iran Strike Called Off After Gulf Allies Appealed...
posted on: May 21, 2026
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other Persian Gulf allies, who are now pushing for a deal to end the war. The US delayed the strikes “for a little while, hopefully maybe forever,” because “we’ve had very big discussions with Iran, and we’ll see what they amount to,” Trump said at the White House on Monday evening. Hours earlier, he said he was asked by the leaders of Saudi Arabia, Qatar and the United Arab Emirates to suspend plans for renewed strikes on the Islamic Republic, which Trump said were slated to go ahead on Tuesday. Qatar said diplomatic efforts are underway to find a resolution to the conflict after Gulf leaders reached out to Trump, according to a Foreign Ministry spokesperson on Tuesday. Tehran hasn’t confirmed renewed talks. “In their...
Iran Launches Official ‘Persian Gulf Strait Authority’ Account, Declares Unauthorized Hormuz Transit ‘Illegal’...
posted on: May 20, 2026
The Iranian-backed Persian Gulf Strait Authority (PGSA) has officially launched a public presence on X, marking the clearest effort yet by Tehran to formalize and publicize its emerging control regime over commercial shipping transiting the Strait of Hormuz. The newly launched account, operating under the handle “PGSA_Iran,” introduced itself Monday as the “official X account of the Persian Gulf Strait Authority” and said it would provide “real-time updates” on operations and developments in the strategically critical waterway. In a second post, the organization declared itself the “legal entity and representative authority of the Islamic Republic of Iran for managing the passage and transit through the Strait of Hormuz.” The statement went further, warning that navigation through waters designated by Iranian authorities and the Iranian Armed Forces now requires “full coordination” with Tehran. “Passage without permission will be considered illegal,” the account stated. The launch of the account appears to formalize...
India’s strategic $9bn megaport plan for remote island in Andaman Sea...
posted on: May 20, 2026
On a remote island in the Andaman Sea, bulldozers are tearing into pristine forests that are home to one of Earth’s most isolated people — part of India’s ambition for a $9 billion megaport, airport and city. Designed to rival China’s investments around the Indian Ocean, New Delhi’s colossal project will be built on Great Nicobar Island, a site offering a naval presence far closer to Southeast Asia than India’s mainland.A map of the Great Nicobar Island in the Andaman Sea. —AFP Authorities promise sweeping economic transformation at the entrance to one of the world’s busiest waterways — the Strait of Malacca, through which up to 30pc of global trade passes. But secretive military moves are also afoot, with plans for upgraded or new runways for both military and civilian use. “The Great Nicobar Island Project, which is of strategic, defence and national importance, transforms the region into a...
Iran unveils crypto insurance regime for Hormuz...
posted on: May 20, 2026
Iran has proposed managing the Strait of Hormuz through an insurance-based framework that would formalise its control over the critical oil shipping chokepoint, while simultaneously demanding that all vessels file mandatory cargo declarations with a newly created Iranian maritime authority before being permitted to transit. State media reported on Sunday that the Iranian Ministry of Economy has developed a model – dubbed Hormuz Safe – that would govern transit through the strait via the issuance of marine insurance policies and certificates of financial responsibility. The platform uses cryptographic verification and settles payments in Bitcoin. “Hormuz Safe provides Iranian shipping companies and cargo owners with fast, verifiable digital insurance – paid via Bitcoin and settled at the speed of the blockchain,” the platform’s website states. Coverage under the proposed scheme would initially encompass risks including inspection, detention and confiscation, but would exclude damage from weapon strikes. Iranian officials cited in...
Massive Atlantic ‘Cocaine Highway’ Busted in European Maritime Drug Operation...
posted on: May 20, 2026
European law enforcement agencies say they have disrupted a major transatlantic narcotics corridor known as the “Cocaine Highway,” seizing 11 tonnes of cocaine and 8.5 tonnes of hashish during a coordinated maritime operation targeting offshore trafficking networks operating between the Canary Islands and the Azores. The two-week operation, led by Spain’s Guardia Civil and coordinated through Europol, resulted in 54 arrests and the interception of eight vessels suspected of participating in complex at-sea drug transfers designed to bypass major European ports and evade detection. The crackdown marks the latest escalation in Europe’s growing maritime battle against increasingly sophisticated offshore trafficking networks that have shifted operations deep into the Atlantic Ocean. The operation follows Europol warnings earlier this year that cocaine trafficking organizations were increasingly abandoning traditional port-based smuggling routes in favor of fragmented offshore drug smuggling invovling multiple vessels, mid-ocean transfers, and remote coastal landings. Authorities say the model...
International Day for Women in Maritime 2026
posted on: May 18, 2026
15 May 2026 International Day for Women in Maritime 2026: Mainstreaming gender equality in shipping Home Media Centre Latest News International Day for Women in Maritime 2026: Mainstreaming gender equality in shipping From policy to practice: Advancing gender equality for maritime excellence The International Day for Women in Maritime is observed each year on 18 May. This year’s International Day for Women in Maritime (18 May) focuses on embedding gender equality at every level of the maritime industry, both on shore and at sea. Under the theme “From Policy to Practice: Advancing Gender Equality for Maritime Excellence”, the day highlights actions to translate international ambitions and commitments into tangible actions that will make a difference in the lives of women in the sector, from seafarers to shore side professionals. Ahead of the International Day for Women in Maritime, IMO Secretary-General Mr. Arsenio Dominguez said: “Despite our longstanding commitment to...
SSI study calls for digital overhaul in ship recycling as vessel retirement volumes grow...
posted on: May 17, 2026
A new study from the Sustainable Shipping Initiative says the ship recycling sector must strengthen digital capabilities, workforce continuity and vessel lifecycle planning as global retirement volumes increase over the coming decades. The report focuses on Alang-Sosiya in India, where most operational recycling plots now comply with the Hong Kong Convention, while arguing that future demands will require a far deeper integration of technology and operational data. The study places greater attention on how vessel design, maintenance records and digital documentation can influence safety and compliance long after ships leave active service. The Sustainable Shipping Initiative’s report, Alang in Transition: From Compliance to Capability, examines how ship recycling yards in Gujarat are adapting to stricter environmental and safety requirements while preparing for rising dismantling volumes through the 2050s. According to the study, 115 of 128 operational plots in the Alang-Sosiya cluster are now compliant with the Hong Kong Convention, with...
Panama Canal slot auctions hit record $4m
posted on: May 17, 2026
Auction prices for priority Panama Canal transits have climbed to an unprecedented $4m per vessel as geopolitical turmoil in the Middle East reshapes global shipping patterns and sends operators scrambling for alternative routes. The extraordinary fees, paid on top of standard canal tolls, underline how the Panama Canal has become one of the key pressure valves for global trade as the Strait of Hormuz crisis continues to disrupt traditional energy and container flows. According to multiple reports citing Panama Canal Authority officials and shipbrokers, a recent neopanamax auction slot fetched $4m – surpassing levels last seen during the severe Panama drought disruption of late 2023. Average auction premiums have also surged sharply in recent weeks. Before the Hormuz conflict intensified, auction slots were typically changing hands for around $135,000 to $140,000. By April and May, average premiums had jumped to roughly $385,000 to $425,000, with some energy cargoes attracting...
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Industry on alert over scam messages offering ships “safe passage” on Hormuz Credit: Shutterstock Fraudulent messages offering safe passage through the Strait of Hormuz in exchange for cryptocurrency have been circulated to shipping companies with vessels stranded west of the waterway, according to MARISKS. In an alert issued on 20 April, MARISKS cautioned that unknown actors posing as Iranian authorities had contacted […]
The ‘Cadet Gridlock’ in Bangladesh’s Maritime Sector: A Sorrowful Story of Wasted Potential The ‘Cadet Gridlock’ in Bangladesh’s Maritime Sector: A Sorrowful Story of Wasted Potential By Minar Rashid 21E On 15 November, the BMCS Gala Night 2025 was held at Singapore’s Orchid Country Club. With the vibrant participation of hundreds of Bangladeshi mariners and their families, the event became a remarkable reunion […]
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