Iran has denied reports that it plans to impose transit tolls on commercial ships passing through the Strait of Hormuz, clarifying that its recent maritime initiatives are focused on improving navigational safety rather than collecting passage fees. Speaking during a weekly press briefing on Monday, Iranian Foreign Ministry spokesperson Esmail […]
Read more
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 […]
Read more
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 […]
Read more
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 […]
Read more
China’s updated Maritime Code, set to come into force on 1 May 2026, introduces a series of significant reforms that will affect shipowners, charterers, cargo stakeholders, and others involved in international shipping linked to Chinese ports. These changes aim to modernize the legal framework, enhance clarity, and strengthen protections across […]
Read more
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 more