A Wake-Up Call for Global Supply Chain Risk Management The sinking of the Tanzania-registered container vessel GOLDEN STAR 1 near Batam, Indonesia, has once again highlighted the complex risks that exist within global shipping and international trade. According to the Maritime and Port Authority of Singapore (MPA), the incident occurred […]
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Global shipping lines are beginning to distance themselves from Cuba after the United States introduced a sweeping new sanctions framework targeting entities connected to the Cuban economy. Two of the world’s largest container carriers, CMA CGM and Hapag-Lloyd, have now suspended cargo bookings to and from Cuba due to growing […]
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Iran has officially established the Persian Gulf Strait Authority (PGSA), a new regulatory body tasked with overseeing maritime transit through the Strait of Hormuz — one of the world’s most strategically important shipping lanes. According to Iranian authorities, vessels transiting through the Strait will now be required to comply with […]
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Why India Suddenly Approved ₹51,000 Crore for 62 New Ships — A Major Maritime Shift India is preparing for one of the biggest maritime expansion programs in its history. The Ministry of Ports, Shipping and Waterways, led by Sarbananda Sonowal, is working on a strategic roadmap to significantly strengthen the […]
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Rising geopolitical tensions are placing global shipping under renewed scrutiny. The U.S. Office of Foreign Assets Control has issued a strong warning: companies could face sanctions if they make any form of payment to Iran in exchange for safe passage through the Strait of Hormuz. This critical waterway—handling nearly 20% […]
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On 23 April 2026, the Council of the European Union adopted its 20th sanctions package against Russia, reinforcing and expanding existing measures under Regulations (EU) 833/2014 and 269/2014. Implemented through Council Regulations (EU) 2026/506, 2026/509, and 2026/511, the package represents one of the most comprehensive updates in recent years, particularly […]
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An oil tanker, Honour 25, has been hijacked by armed pirates approximately 30 nautical miles off the coast of Somalia, with the incident confirmed by UK Maritime Trade Operations (UKMTO). Incident Overview The hijacking occurred late Wednesday when six armed individuals boarded and took control of the vessel while underway. […]
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Iran has announced a new maritime development near one of the world’s most critical shipping routes. The naval wing of the Islamic Revolutionary Guard Corps (IRGC) has introduced a designated passage known as the “Larak Corridor,” located between waters south of Hormuz Island and Larak Island. According to state media […]
Read moreThe outbreak of hostilities in the Persian Gulf has sent shockwaves through global shipping markets, raising urgent legal questions for shipowners and charterers. From safe port obligations to war risk clauses and force majeure, contractual frameworks are being tested in real time. Region on Edge On 28 February 2026, US […]
Read moreThe IMB Piracy Reporting Centre recorded 16 incidents between January and March 2026, with Southeast Asia continuing to dominate the global count as Somali and Gulf of Guinea waters show signs of improvement. We have received the Q1 2026 Piracy and Armed Robbery Report from the International Maritime Bureau Piracy […]
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