Saudi Arabia is moving quickly to activate a decades-old contingency plan to keep crude exports flowing as a severe shipping disruption linked to the crisis around the Strait of Hormuz threatens global energy markets. The kingdom is pumping millions of gallons of oil across vast desert areas to reach tankers on the Red Sea as traditional shipping routes face paralysis.
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At least 38 Filipino seafarers have been confirmed safe following an attack on two commercial vessels operating in the Persian Gulf near the strategic Strait of Hormuz, a critical route for global oil tanker traffic and international shipping. The incident has raised fresh concerns over maritime security and potential disruption to global energy supply routes.
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China’s Ministry of Transport of the People’s Republic of China has confirmed it held talks with global shipping giants A.P. Moller–Maersk and Mediterranean Shipping Company in Beijing, a development that has sparked speculation about rising geopolitical tensions in the global maritime industry.
In a brief notice, the ministry said it conducted separate meetings on March 9 with officials from both shipping companies regarding their international shipping operations, without providing further details.
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The Pakistan Navy has launched Operation Muhafizul Bahr to counter emerging threats to national shipping and maritime trade, as regional security tensions raise concerns over disruptions to critical sea routes.
According to a statement released by the Inter-Services Public Relations (ISPR), the operation was initiated in response to the evolving maritime security environment and potential risks to international sea lanes that are vital for Pakistan’s trade and energy imports.
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Disruptions to maritime traffic in the Strait of Hormuz, one of the world’s most critical shipping corridors, are raising major concerns for global energy markets, fertilizer supply chains, and vulnerable economies. According to a rapid assessment released by the United Nations Trade and Development (UNCTAD), escalating military tensions in the region have significantly disrupted shipping flows through the strategic waterway.
The Strait of Hormuz handles approximately one quarter of global seaborne oil trade, making it a key artery for international energy supplies. Large volumes of liquefied natural gas (LNG), liquefied petroleum gas (LPG), refined petroleum products, and fertilizers also transit through the narrow maritime passage connecting the Persian Gulf to global markets.
Oil prices fell sharply by 7% on Tuesday, retreating from a more than three-year high after U.S. President Donald Trump suggested that the Middle East war could end soon, easing fears of prolonged disruptions to global oil supplies.
Brent crude dropped $6.79, or 6.9%, to $92.17 per barrel, while U.S. West Texas Intermediate (WTI) slid $6.55, or 6.9%, to $88.22 per barrel. Both benchmarks briefly fell as much as 11% before moderating losses. Oil had surged past $100 per barrel on Monday, its highest since mid-2022, fueled by supply cuts from Saudi Arabia and concerns over U.S.-Israeli military actions against Iran.
China continues to solidify its position as a leading maritime power, with its massive shipping fleet and highly trained seafaring workforce driving international trade dominance. According to Ni Di, deputy to the 14th National People’s Congress and senior ship captain at State-owned China COSCO Shipping Corp, about 95% of China’s foreign trade cargo is transported by sea, while the nation’s international shipping volume accounts for nearly one-third of global maritime trade.
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Swedish authorities have arrested a crewmember from the stateless cargo ship Caffa after boarding and detaining the vessel in Swedish territorial waters near Trelleborg. The action, carried out by the Swedish Coast Guard in coordination with the Swedish Police Special Intervention Unit, is part of an ongoing investigation into alleged violations of maritime law, including the use of a false flag and unsafe vessel operations.
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CLdN has officially begun construction of the first of six 1,100-TEU load-on/load-off (LoLo) container vessels at HD Hyundai Mipo Shipyard, marking a strategic expansion in its container shipping operations alongside its core roll-on/roll-off (RoRo) services. The steel-cutting ceremony signals the start of the vessel build, with deliveries scheduled to begin in 2027.
Each vessel is designed with a 1,100-TEU capacity and an open-top configuration to reduce port handling times, boosting efficiency for the company’s growing LoLo container segment. This newbuilding programme forms part of CLdN’s broader strategy to strengthen its presence in European and global maritime logistics.
The Secretary-General of the International Maritime Organization, Arsenio Dominguez, has condemned the recent deaths of seafarers in the Strait of Hormuz, warning that attacks on commercial vessels threaten global shipping and the safety of maritime workers.
In an official statement issued after a deadly maritime incident on 6 March 2026, the IMO Secretary-General said he was “alarmed and deeply saddened” by reports that at least four seafarers were killed and three others severely injured following an attack on a vessel transiting the Strait of Hormuz.
A fisherman from Gwadar was killed after debris from an Israeli projectile intercepted by Iranian air defence systems struck his fishing boat in Iranian territorial waters, local officials confirmed on Sunday.
According to authorities, the incident occurred on Saturday in waters near Sistan-Baluchistan Province, highlighting growing risks for fishermen operating near regional maritime zones amid rising tensions in the Middle East.
A deepening shipping crisis in the Strait of Hormuz has severely disrupted global container trade, forcing major shipping lines to suspend services and invoke force majeure clauses while the United States moves to stabilize maritime insurance with a $20 billion reinsurance backstop.
The disruption followed escalating regional tensions after military strikes involving the United States, Israel, and Iran, which effectively halted commercial navigation through one of the world’s most critical energy and trade corridors. Vessel traffic through the narrow waterway has reportedly fallen by nearly 90 percent, dropping sharply from the historical average of about 138 ships per day.
Amid rising geopolitical tensions in the Middle East, fifteen cargo vessels transporting large volumes of LNG, LPG, fuel oil, diesel, and industrial raw materials have successfully arrived at Port of Chattogram, easing concerns over the country’s energy and import supply chain. The vessels crossed the critical Strait of Hormuz before the regional conflict intensified, according to port authorities.
The ships, which departed from several Middle Eastern ports, delivered nearly 250,000 tonnes of energy cargo and industrial supplies. Port officials confirmed that unloading operations are currently underway to ensure the timely distribution of fuel and materials to industries across Bangladesh.
Jens Meier, President of the International Association of Ports and Harbors (IAPH) and CEO of the Hamburg Port Authority (HPA), led delegations representing both organizations on an official visit to Chennai Port Authority and Kamarajar Port in India in late February.
During the visit to Chennai Port, the delegation participated in an extensive port tour that included a briefing at the port’s signal station and a vessel ride within the port basin to observe marine operations, port navigation systems, and harbor management practices. The tour provided delegates with first-hand insights into operational procedures and maritime safety systems at one of India’s key container and cargo ports.
BIMCO’s Chief Safety & Security Officer, Jakob Larsen, has commented on the proposal from US President Donald Trump to launch initiatives aimed at protecting shipping. In a statement, he said:
The announcement from US President Donald Trump about selling “political risk insurance and guarantees for the financial security of all maritime trade, especially energy shipments traveling through the Gulf” has yet to be fully explained. Depending on the details of the proposal, it could help shift the risk–reward balance and encourage more shipowners to resume operations in the high-threat area.
