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On 29 September, an operation in Somali waters freed the remaining crew of the hijacked vessel Honour 25. Five seafarers were killed during the rescue. Several others were seriously injured. The Honour 25 was one of three vessels released that week. Together with the Seamull and the Eureka, 44 seafarers came out of captivity that had run for months. Their governments are now working with the shipowners and relevant authorities on repatriation. Twenty-two seafarers remain aboa

The International Group of P&I Clubs finalized its reinsurance arrangements for the 2026/27 policy year, effective from noon on 20 February 2026. Four of the five vessel categories got a rate reduction. One did not. Fully cellular container ships went up 15 percent, to $1.0237 per gross ton. Persistent oil tankers fell 8 percent, dry cargo fell 5 percent, passenger vessels fell 8.5 percent, and clean tankers were held flat. For a container operator, that is a cost increase ar

On 10 November 2025, the United States and China each suspended the port fee regimes they had imposed on one another's shipping. The suspension runs twelve months. It expires on 10 November 2026, which is roughly five weeks from now, and there is no guarantee it will be renewed. Most charter parties fixed since then have been written as though the fees do not exist, because at the moment of fixing they did not. If the measures resume, those contracts will be silent on a charg

On September 9, a Federal Maritime Commission administrative law judge rejected Peloton Interactive's claim against Flexport in full. The company had sought $33.7 million in detention, demurrage, and storage charges accumulated during the pandemic-era supply chain disruption. It recovered nothing. The breakdown of what was claimed is instructive. Roughly $13.8 million in demurrage, $16.2 million in equipment detention, and $3.7 million in yard and warehouse storage, across th

Six months into the conflict, the marine insurance market has a number. David Osler, law and marine insurance editor at Lloyd's List, puts war risk claims arising from the fighting at roughly $2 billion across more than 70 filings. On his assessment it is exceeded, over the past decade, only by the payouts arising from the containership that brought down the Francis Scott Key Bridge in Baltimore in 2024. The International Maritime Organization has recorded more than 72 attack

On Sunday August 23, the Persian Gulf Strait Authority published its first Non-Compliant Vessels list. Announced through the body's X account and hosted on its website, the list names vessels Iran says have violated its arrangements for transiting the Strait of Hormuz and warns that they face restrictions on future passages including fines, detention, seizure, or confiscation. Shipping companies, the statement said, must review the list before chartering in order to avoid pot

The International WorkBoat Show returns to the Ernest N. Morial Convention Center in New Orleans December 2-4. More than 1,000 exhibitors, upwards of 13,000 attendees, and the one US trade event where the inland, harbor towing, and offshore support segments all show up in the same building. Nord Young will be there. Not exhibiting this year, just walking the floor. The conference program has not been fully published yet, so this is a preview of the exhibit floor rather than a

On the afternoon of August 20, a product tanker transiting west through the Gulf of Aden broadcast a distress call on VHF Channel 16 reporting that an unauthorized vessel was approaching. Her AIS then transmitted a message reading PIRATE ONBOARD HELP. Shortly afterward she altered course toward Somalia. Six armed men had boarded the 32,200 dwt Sibu 1, IMO 9204776, roughly 136 nautical miles east of Al Mukalla, Yemen. Twenty crew were aboard. Sixteen Indians, one Syrian, one S

[Image from Wikimedia Commons, from User Unukorno, Creative Commons Attribution 4.0] On January 9, 2025, a 152,000 dwt crude tanker suffered a total blackout in the Baltic Sea. She drifted unmanned in heavy seas, lost all maneuverability, and came into German territorial waters off the island of Rügen. German authorities towed her to an anchorage off Sassnitz to prevent a spill. She is still there. The Eventin has now been at anchor off a German resort island for more than ni

On the weekend of August 16, the bunkering vessel Haigang Zhiyuan delivered 8,016 metric tonnes of domestically produced green methanol to the dual-fuel container ship CMA CGM Osmium at Yangshan Port in Shanghai. Shanghai Customs supervised the operation. It is the largest single green methanol bunkering on record. The operation brought together Shanghai Electric, Shanghai International Port Group, and CMA CGM, with the fuel supplied principally from Shanghai Electric's Taona

[Chattogram Coastal Road Photo by Samina Khondkar - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=148921351] On the morning of August 14, workers at the Ferdous Steel yard in Sitakunda, Bangladesh, were cutting an opening in the bottom of a ballast tank aboard a beached LNG carrier. Hydrogen sulphide escaped. Two men died where they stood. Seven more died in hospital. Among the dead was Motiur Rahaman, aged 17. Another was Abdul Alim Sujon, a safety

Two years after Houthi attacks pushed the container trades around the Cape of Good Hope, the largest carriers are transiting the Red Sea again. MSC sent seven boxships through the Suez Canal this month. Maersk returned its MECL service to the trans-Suez route in August, having made its first tentative transit in December. CMA CGM has been running services through the corridor since late last year. What is striking is not that the return is happening. It is how it is happening

On August 17, the U.S. Army Corps of Engineers granted the federal permit authorizing construction of the Louisiana International Terminal at Violet in St. Bernard Parish, on the Lower Mississippi River downriver from New Orleans. The permit clears the last major regulatory hurdle for what Port NOLA describes as the only new greenfield container port currently under development in the United States. Construction is expected to take five years. The projected investment is roug

Speaking at a campaign event in Garden City, Long Island on August 14, President Trump told an audience of law enforcement officers that "after we finish defeating Iran, which is being very badly defeated, pretty soon I'll be declaring the Hormuz Strait a territory of the United States." He added, "Essentially, that's what it is. We have the blockade. No ships get through unless we want them to." Iran's Deputy Foreign Minister Kazem Gharibabadi responded on X within hours. Th

An oil spill off the coast of Oman has spread across somewhere between 390 and 2,000 square kilometers, depending on whose satellite analysis you accept, and reached roughly 40 kilometers of mainland coastline near Ras Madrakah on August 12. The source is a half-sunk tanker called the Caroline Bezengi, aground in the Arabian Sea, leaking crude for approximately six weeks with no effective containment. The vessel is 81,085 gross tons. It has held no classification from an IACS

[Image: USCGC Munro (WMSL-755), the cutter that pursued the Bella 1 across the Atlantic] On August 7, 2026, a 47-year-old Georgian national named Avtandil Kalandadze was sentenced in the U.S. District Court for the District of Columbia to ten months in federal prison. He will be deported when the term is served. The coverage framed it as a shadow fleet prosecution, which it is. What the coverage mostly did not say is that Kalandadze was not convicted of a sanctions offense. H

On July 19, 2024, a deckhand named among the five crew aboard the towing vessel Miss Peggy drowned in the galley of his own boat after it was struck from behind and rolled over in the Houston Ship Channel. Four of his shipmates got out. He did not. The National Transportation Safety Board released its investigation report on August 6, 2026. It runs 92 pages, and the finding at the center of it is one that every safety manager in the industry should read carefully, because it

For five months the Hormuz crisis has been a tanker story. Crude carriers hit, product tankers rerouted, VLCCs priced out of transits they had made routinely for decades. LNG featured in the coverage mostly as a supply statistic, a fifth of global flows sitting behind a closed strait. That changed over the last week of July. Two vessels from the same fleet were struck in two different seas in four days, one of them left without propulsion in the middle of the Strait of Hormuz

For five months, the working assumption across the industry has been that the Strait of Hormuz crisis, however severe, was a single-chokepoint problem with a single-chokepoint solution. Cargo could move west. Saudi crude could reach the Red Sea overland and load at Yanbu. The Cape route was expensive and slow but it existed. Every contingency plan drafted since February rested on the premise that one door was closed and another remained open. As of last Monday, that premise n

There are weeks in the shipping calendar that change how the industry thinks about risk. This is one of them. In the space of seventy-two hours, the world's two most strategically significant maritime conflict zones, Hormuz and the Black Sea, both escalated sharply, independently, simultaneously, and with consequences that are still unfolding as of today, July 20, 2026. In the Persian Gulf, the ceasefire framework that briefly stabilized the Strait of Hormuz in June has colla