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Ports and shipping agree global...
In a milestone that ends decades of fragmentation, the world’s leading ports and shipping organisations have jointly published a...
Iran Says Hormuz Open To...
DUBAI, March 22 (Reuters) – The Strait of Hormuz remains open to all shipping except vessels linked to “Iran’s enemies,” Iranian media reports published...
Report: Two Types of Iranian...
Reports of Iranian mines in the Strait of Hormuz have circulated for weeks, but the most detailed signal yet...
Two More Indian LPG Ships...
By Weilun Soon Mar 23, 2026 (Bloomberg) –Two additional Indian-flagged vessels carrying liquefied petroleum gas are making their way through...
Ever Given: The grounding that changed the world’s view of shipping...
posted on: Mar 26, 2026
On 23rd March 2021, the grounding of the giant container ship ‘Ever Given’ at the Suez Canal, one of the world’s busiest maritime routes, made headlines all over the world. Not only because of the diagonal way in which the ship blocked the narrow waterway, but also because its blockage resulted in a global trade disruption, proving the vital role of shipping in world’s economy and people’s everyday life. Let’s remember a few facts about the incident. The incident On 23 March 2021, the almost 400-meter-long container ship “Ever Given”, operated by Taiwanese shipping company Evergreen Marine, was en route from Tanjung Pelepas, Malaysia, to Rotterdam, the Netherlands. At around 7.40 am local time, the ship approached the southern end of the Suez Canal, one of the world’s busiest shipping lanes. As it was navigating through a narrow stretch of the canal, a sudden dust storm hit, reducing visibility...
Iran Tells UN ‘Non-Hostile’ Ships Can Transit Hormuz, If They Coordinate With Tehran...
posted on: Mar 25, 2026
Iran has indicated to the United Nations that so-called “non-hostile vessels” may continue transiting the Strait of Hormuz, but only if they comply with Iranian security requirements and coordinate directly with its authorities, according to an an official statement from Tehran to the United Nations. The statement, submitted to the UN Security Council, outlines what appears to be an emerging framework for conditional access to one of the world’s most critical shipping chokepoints as the conflict in the Middle East enters its fourth week. The statement also marks the regime’s clearest indication yet that it views access to the critical waterway as conditional and subject to Iranian oversight. “Non-hostile vessels… may—provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations—benefit from safe passage through the Strait of Hormuz in coordination with the competent Iranian authorities,” the statement reads....
Managing risk, stress, and responsibility in a conflict zone...
posted on: Mar 25, 2026
Seafarers operating in the Persian Gulf and the Strait of Hormuz are facing heightened physical danger alongside sustained psychological pressure, reinforcing the urgent need to prioritize crew welfare above all else. The Secretary-General of the International Maritime Organization, Arsenio Dominguez, has strongly condemned attacks on merchant shipping, stressing that violence against innocent seafarers is “totally unacceptable.” Recent incidents have already resulted in fatalities and serious injuries, underlining the real and immediate risks faced by crews transiting these waters. At the same time, the Global Maritime Forum has highlighted the scale of the crisis. Thousands of seafarers remain effectively stranded onboard vessels in high-risk areas. As Susanne Justesen, Director of Human Sustainability, noted, these individuals are operating under the constant threat of attack while already coping with significant mental strain. The human cost of operating in high-risk waters Reports from the region illustrate the reality behind these concerns. Seafarers have found themselves...
Saudi Arabia Loses Patience as Red Sea Terminal and Refinery are Targeted...
posted on: Mar 25, 2026
Saudi Arabia’s Foreign Ministry spoke out on Thursday, March 19, saying that any “trust with Tehran has been shattered” after reporting that the capital of Riyadh, along with the critical Yanbu oil terminal on the Red Sea and the neighboring refinery, had all been targeted. The state-owned oil company Aramco has been rushing to increase exports from Yanbu to offset its lost capacity on the Persian Gulf. The Ministry of Defense confirmed that a drone “crashed in the SAMREF refinery.” It said that a damage assessment was underway, while images circulating online showed a large plume of smoke rising from the facility. Reuters is quoting sources, however, saying that there was “minimal impact” on the refinery. A joint project between Aramco and ExxonMobil, it is located adjacent to the Yanbu port and is served by a 750-mile pipeline stretching across the Saudi desert from the main oil fields at...
BIMCO launches campaign to highlight the crucial role of seafarers...
posted on: Mar 25, 2026
BIMCO has launched a campaign film to highlight the urgent need for governments and stakeholders to better protect seafarers. The campaign responds to growing concerns about the risks seafarers face in an increasingly unstable geopolitical environment. In recent years, there has been a rise in conflict-affected shipping routes, weak government protections, and cases of unjust criminalization of seafarers. Around 20,000 seafarers are currently stranded in the Persian Gulf, where they face heightened danger and significant mental stress. BIMCO stresses that disruptions to shipping not only affect global trade but also have serious human consequences for the crews involved and their families. BIMCO Secretary General & CEO David Loosley has called on governments to focus more on the human cost of these risks. He emphasized that when ships are attacked, detained, or hijacked, families back home suffer from fear and uncertainty about their loved ones’ safety. The organization is also concerned...
Hapag and India Plan Cooperation for Reflagging Ships, Recycling, and Ports...
posted on: Mar 23, 2026
Hapag-Lloyd has become the latest among the largest carriers to map out a strategy of cooperation and expansion with India. The liner company reports it already has six dedicated services that include India and that it aims to grow volumes handled in the India area to around 3 million TEU by 2030. India has been anxious to attract the major carriers as part of its strategy to expand its maritime related industries. It hopes to attract the lines to build and repair ships in India, but it also made changes to its cabotage regulations and announced plans for building domestic carriers. CMA CGM has reflagged ships and ordered feeder ships to be built in India, while both Maersk and MSC reflagged ships and said they were exploring opportunities. “India is one of the most important growth markets in global trade and a key strategic partner for Hapag-Lloyd,” said Rolf...
Panama Responds to Hutchison Calling Accusations “Scandalous”...
posted on: Mar 23, 2026
The back-and-forth between China, Panama, and CK Hutchison heated up as Panama’s President, Jose Raul Mulino, met the press on Thursday in his weekly session. He dismissed the accusations made by the Panama Ports Company (PPC) and CK Hutchison in the ongoing dispute resulting from Panama’s annulment of the Chinese company’s long-standing concession to operate the port terminals in Balboa and Cristobal. PPC at the beginning of the week asserted that Panama had missed the filing deadline for its international arbitration. Among the reasons, it said Panama did not have international lawyers. Mulino dismissed the accusation, calling it “outrageous and a lie.” He said Panama has appointed international lawyers who will defend against the claims. PPC has said it will seek at least $2 billion in damages. The company and China have repeatedly made claims that Panama was acting unlawfully and not respecting its contracts. PPC also asserts that...
Stay SEAFiT: Build financial wealth – starting with your definition of “enough”...
posted on: Mar 23, 2026
When it comes to money, the first step is defining what enough means to you. As Sahil Bloom explains in his best-selling book The 5 Types of Wealth, this definition is deeply personal and essential to long-term fulfilment. Financial wealth, according to Bloom, is the fifth type of wealth. Once you know what “enough” looks like, you can shift your focus toward what truly matters: time, relationships, purpose, growth, and health. Every minute and every decision should support your personal and professional growth—and be shared with the people you value most. The three pillars of financial wealth #1 Income generationBuild multiple income streams so you consistently earn more than you spend. #2 Expense managementControl costs to create a surplus; the gap where wealth is built. #3 Long-term investingInvest that surplus over time and let compounding (e.g. index funds) do the heavy lifting. 9 financial wealth hacks #1 Keep 6–12 months of...
Mindful living: Exploring the 10 rules of IKIGAI...
posted on: Mar 23, 2026
It is the little rituals – the accumulation of small joys – that make daily life worth living. This is something everyone can tap into to create greater life satisfaction. The Japanese concept of ikigai, meaning “purpose in life,” invites us to turn ordinary, everyday actions into sources of joy and meaning. It can begin with something as simple as a morning ritual, savoring a cup of coffee, enjoying a piece of chocolate, and allowing yourself to be fully present in the moment. In one of the most beloved books on ikigai, authors Héctor García and Francesc Miralles share ten guiding principles designed to help you live with greater ease, intention, and alignment with your true purpose. #1 Stay active; don’t retire #2 Take it slow #3 Don’t fill your stomach #4 Surround yourself with good friends #5 Get in shape for your next birthday #6 Smile #7 Reconnect with nature #8 Give thanks...
Bangladesh offers use of Pangaon terminal as alternative route for handling Bhutanese cargo...
posted on: Mar 21, 2026
Bangladesh and Bhutan have agreed to deepen economic cooperation and expand bilateral trade, with plans to sign a new memorandum of understanding on tourism and strengthen trade facilitation mechanisms between the two countries. The decisions came during the 10th Commerce Secretary Level Meeting held yesterday and today, where officials reviewed progress in bilateral trade and discussed new initiatives to boost economic ties, according to a statement from Bhutan’s Ministry of Industry, Commerce and Employment. The Bhutanese delegation was led by Tashi Wangmo, secretary to the ministry, while the Bangladesh side was headed by Mahbubur Rahman, secretary to the commerce ministry. One of the key outcomes of the meeting was the agreement to sign a new MoU between Bhutan’s Department of Tourism and Bangladesh’s Ministry of Civil Aviation and Tourism to promote tourism cooperation. Both sides also discussed ways to strengthen trade relations, improve market access and consider adding more...
Behind Closed Doors, U.S. Navy Says Hormuz Escorts Are Too Dangerous—for Now...
posted on: Mar 21, 2026
By Jonathan Saul LONDON, March 10 (Reuters) – The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter. The Navy’s assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trump’s statements that the U.S. is prepared to provide naval escorts whenever needed to restart regular shipments along the key waterway. Shipping along the narrow strait has all but halted since the start of the U.S.-Israeli war on Iran more than a week ago, preventing exports of around a fifth of the world’s oil supply and sending global oil prices LCOc1 surging to highs not seen since 2022. A senior official with Iran’s Revolutionary Guards has said the strait is closed and Iran will fire on any ship ?trying to pass, Iranian media reported last week. Several...
Trump considers easing Russian sanctions to stabilise oil market...
posted on: Mar 21, 2026
US President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of measures aimed at curbing surging global oil prices amid the ongoing conflict with Iran. According to multiple reports, the discussions reflect growing concern in the White House that the sharp rise in oil prices, following more than a week of US and Israeli strikes on Iran, could negatively impact American businesses and consumers ahead of the November midterm elections. Speaking to reporters in Florida on 9 March, Trump said his administration was lifting sanctions on some countries in an effort to help stabilise the oil market, although he did not provide further details. During the same press conference, he also said he had a “very good call” with Russian President Vladimir Putin regarding the war in Ukraine. The US and Israeli attacks on Iran have triggered the biggest jump in oil...
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বড় জাহাজ মেরামতে মাতারবাড়ীতে ১ বিলিয়ন ডলারের প্রকল্প মাতারবাড়ীতে প্রায় ১ বিলিয়ন মার্কিন ডলার ব্যয়ে পরিবেশবান্ধব ডকইয়ার্ড ও জাহাজ নির্মাণ কেন্দ্র স্থাপনের উদ্যোগে নীতিগত অনুমোদন দিয়েছে নৌপরিবহন মন্ত্রণালয়। এখন প্রকল্পটির কারিগরি ও আর্থিক মূল্যায়নের জন্য প্রস্তাবটি সরকারি-বেসরকারি অংশীদারত্ব (পিপিপি) কর্তৃপক্ষের কাছে পাঠানো হয়েছে। সম্পূর্ণ বেসরকারি অর্থায়নে সরকারি জমির মালিকানা অক্ষুণ্ন রেখে প্রকল্পটি বাস্তবায়নের পরিকল্পনা রয়েছে। বন্দর কর্তৃপক্ষ জানায়, […]
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 […]
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