Author: Maritime Current News

Maritime Trade & Economy

Strait of Hormuz Shipping Crisis Disrupts Gulf Container Trade as Global Carriers Suspend Services and U.S. Announces $20 Billion Maritime Insurance Support

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.

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Ports and Shipping

15 Energy and Cargo Ships Safely Reach Chattogram Port after Crossing Strait of Hormuz amid Middle East Tensions

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.

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Ports and Shipping

IAPH President Jens Meier Leads Maritime Delegation to Chennai and Kamarajar Ports to Strengthen Global Port Collaboration

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.

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Maritime Safety , Security and Technology

BIMCO Comments on US Proposal to Introduce Protective Measures for Shipping in the Strait of Hormuz

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.

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Maritime Safety , Security and Technology

ICS Chairman Emanuele Grimaldi Raises Alarm over Seafarer Safety amid Strait of Hormuz Shipping Crisis

The International Chamber of Shipping (ICS) has voiced serious concern over the safety of seafarers operating in the Strait of Hormuz, as rising regional tensions continue to threaten one of the world’s most critical global shipping routes.
In a statement issued yesterday, ICS Chairman Emanuele Grimaldi said he was deeply concerned about the risks faced by maritime crews navigating the Gulf region while performing their duties in the international shipping and maritime trade sector.

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Maritime Trade & Economy

Pakistan Reviews Maritime Trade Strategy as Minister Junaid Anwar Chaudhry Highlights Shipping Opportunities

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday chaired a high-level meeting to assess emerging logistical challenges facing Pakistan’s trade, particularly in the energy sector, amid evolving geopolitical tensions in the region.
The 11-member committee, constituted on the directives of the Prime Minister to formulate a comprehensive response strategy aimed at safeguarding Pakistan’s maritime trade interests, has been tasked with submitting its recommendations within two days.

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Maritime Environment Policy and Law

IMO and Paris MoU Strengthen Port State Control Transparency with Updated Data-Exchange Agreement

In a significant move to enhance Port State Control (PSC) transparency and cooperation, the International Maritime Organization (IMO) and the Paris Memorandum of Understanding on Port State Control (Paris MoU) signed an updated data-exchange agreement at IMO Headquarters in London on 26 February.
The agreement, formalized by IMO Secretary-General Arsenio Dominguez and Paris MoU Secretary-General Luc Smulders, aims to strengthen global maritime cooperation and improve information sharing, making ship inspections more effective worldwide.

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Maritime Safety , Security and Technology

UAE Tug Struck by Missiles While Assisting Abandoned Container Ship in Strait of Hormuz

A UAE-registered tugboat was reportedly struck by missiles while attempting to assist the abandoned container ship Safeen Prestige in the Strait of Hormuz, resulting in the death of all crew members on board.

According to the UK Maritime Trade Operations (UKMTO), third-party reports confirmed that the tug was hit by unknown projectiles 6 nautical miles north of Oman. Maritime security firm Vanguard Tech confirmed that the UAE-flagged tug Mussafah 2 was struck by two missiles during rescue operations. All eight crew members on board the tug are believed to have perished in the attack 18 nautical miles off Khasab, Oman.

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Maritime Environment Policy and Law

Climate Change in the Arctic Threatens Greenland Fishing Industry as Melting Sea Ice Forces Traditional Fishers toward Boat Fishing

Rapid climate change in the Arctic region is reshaping the traditional fishing industry in Greenland, as melting sea ice forces local fishers to abandon centuries-old ice fishing practices and move toward boat-based or commercial fishing methods.

Fisherman Helgi Áargil says fishing conditions in Greenland’s fjords have become increasingly unpredictable. Spending several days at sea with his dog while navigating the icy waters under the Northern Lights, Áargil says each trip can either bring a major catch worth around 100,000 Danish kroner (about €13,400) or result in no catch at all.

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Ports and Shipping

China’s COSCO Shipping Suspends Gulf Routes as Strait of Hormuz Tensions Disrupt Global Shipping and Oil Tanker Traffic

Chinese state-owned shipping giant COSCO Shipping, one of the world’s largest operators of oil tankers and container vessels, has announced the suspension of shipping services to and from several Gulf countries as security concerns continue to affect maritime traffic in the strategically vital Strait of Hormuz.

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Maritime Safety , Security and Technology

Ukrainian Strike on Novorossiysk Damages Russian Warships and Oil Terminal, Escalating Black Sea Maritime Security Risks

A recent Ukrainian strike on the Russian port city of Novorossiysk has reportedly damaged both a major oil loading terminal and several vessels belonging to the Russian Navy’s Black Sea Fleet, according to Ukrainian sources, highlighting growing maritime security risks in the Black Sea shipping corridor.

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Ports and Shipping

Scottish Government Plans Four-Ship Construction Contracts to Support Ferguson Marine Shipyard

The Scottish Government is moving forward with a plan to award four shipbuilding contracts to Ferguson Marine, aiming to support the financially troubled shipyard and secure the future of shipbuilding operations in Glasgow.

The shipyard entered administration before being taken over by the Scottish Government in 2019 in an effort to protect jobs and preserve the country’s historic maritime manufacturing sector. The proposed contracts are viewed as a key step toward stabilizing the yard’s operations and eventually transitioning the shipbuilder back to private ownership.

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Ports and Shipping

AD Ports Group Expects Cargo Volume Growth as Global Shipping Routes Shift Away from Strait of Hormuz

Global shipping routes are undergoing significant adjustments as geopolitical tensions and maritime security concerns influence vessel movements across key trade corridors. In response to these developments, AD Ports Group expects an increase in cargo volumes across its international maritime and logistics network as shipping companies reroute vessels away from traditional Gulf shipping lanes.

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Maritime Safety , Security and Technology

US Submarine Sinks Iranian Warship off Sri Lanka, Dozens Rescued

A United States submarine has reportedly sunk an Iranian frigate off the coast of Sri Lanka, resulting in multiple casualties and prompting a large-scale search and rescue operation. According to US Defense Secretary Pete Hegseth, the strike, carried out with a torpedo in international waters, marks the “first such attack on an enemy since World War II.”

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