The Trump administration approved a 60-day Jones Act waiver for foreign-flagged domestic shipping, but U.S. maritime labor and shipping groups say the move will do little to lower fuel prices.
CMA CGM is deploying alternative cargo corridors through the UAE, Saudi Arabia and Oman to keep Gulf logistics moving without relying on the Strait of Hormuz.
The International Maritime Organization said about 3,200 ships carrying around 20,000 seafarers are confined west of the Strait of Hormuz ahead of an emergency council meeting in London on 18–19 March 2026 as attacks on merchant vessels continue across the Gulf region.
NYK Line will acquire a 50% stake in Avenir LNG from Stolt-Nielsen Gas, forming a joint venture centered on small-scale LNG supply and LNG bunkering, with LNG and bio-LNG targeted for marine fuel and industrial applications.
The Greek-operated tanker Maran Homer sustained minor deck damage after being hit by an unidentified object while waiting to load Kazakh-origin oil near the CPC terminal off Novorossiysk in the Black Sea.
South Korea has passed the Green Shipping Corridor Support Act, requiring a five-year master plan and support measures for low-emission shipping routes and port infrastructure.
Australia banned a Liberian-flagged bulker for six months after inspectors found unpaid wages owed to eight crew members and 18 deficiencies during an inspection in Newcastle.
Two product tankers, MT SAFESEA VISHNU and MT ZEFYROS, caught fire during an STS operation off Umm Qasr, raising fresh concern over tanker security in Iraqi waters.
Three merchant vessels including MAYUREE NAREE, One Majesty, and Star Gwyneth were reportedly damaged on 11 March near the Strait of Hormuz, raising renewed concern over maritime security and crew safety in one of the world’s most critical shipping corridors.
