Strait of Hormuz reopening won’t end shipping risks
LONDON: A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high insurance costs and geopolitical risks mean disruption could persist for
Global shipping industry associations condemn recent attacks on seafarers
LONDON: BIMCO, the International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO unanimously condemns recent attacks on seafarers and commercial shipping in and around the Strait of Hormuz. According to the International Maritime Organization (IMO),
Panama Canal congestion hits yearly high, prompting Jones Act waivers
PANAMA CITY: Panama Canal congestion has climbed to the highest levels this year, prompting US authorities to grant multiple Jones Act waivers for domestic shipments even as the canal authority pledged to maintain full
BIMCO: Ship transits via the Panama Canal have increased 8% y/y
LONDON : According to Filipe Gouveia, so far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been
BIMCO and ICS welcome Beijing Convention coming into force
LONDON: The Convention, officially the United Nations Convention on the International Effects of Judicial Sale of Ships, entered into force on 17 February. The Convention is intended to address the transborder effects of judicial
Strait of Hormuz traffic slows to a trickle amid US-Iran tensions, only five ships transit in 24 hours
LONDON: Only five ships, including one Iranian oil products tanker, have passed through the Strait of Hormuz in the past 24 hours, Friday shipping data showed, after Iran seized two container ships this week
Indian Delegation deepens engagement with BIMCO on Sustainable Ship Recycling Framework during Singapore Maritime Week 2026
SINGAPORE: In a significant step towards strengthening global maritime cooperation, the Indian delegation engaged in high-level discussions with the Baltic and International Maritime Council (BIMCO) on 21 April 2026, focusing on advancing environmentally responsible
BIMCO INDIA FORUM in Ahmedabad Sees Strong Industry Participation and Engaging Dialogue
AHMEDABAD: The BIMCO India Forum, hosted by BIMCO at the Grand Mercure Ahmedabad GIFT City, concluded on a highly interactive and insightful note, bringing together a wide spectrum of stakeholders from India’s maritime sector.