Hormuz After the Ceasefire: A Controlled System, Not a Recovery

 A ceasefire has been declared, but the maritime system has not reset.

Transit through the Strait of Hormuz remains restricted, coordinated, and selectively enforced. There has been no return to open commercial navigation. Standard shipping lanes remain largely unused, and no meaningful increase in traffic has followed the ceasefire announcement.

This is not a recovery phase — it is a supervised pause, where operational control remains intact, and geopolitical leverage is still being actively exercised.

Transit Remains Selective and Constrained

Transit volumes remain low and highly selective.

On April 8, five bulk carriers were tracked outbound through the Strait, all moving through the IRGC-controlled corridor around Larak Island rather than through standard commercial shipping lanes. One 76-meter general cargo vessel departing Oman exited the Strait south of Larak Island, outside standard navigation routes.

By April 9, only limited additional movements were observed, including one inbound handysize bulk carrier, a small outbound product tanker, and a sanctioned, falsely flagged LPG carrier carrying Iranian LPG outbound after previously aborting its transit attempt. Additional vessel presence consists primarily of Iran-flagged ships operating within the controlled corridor.

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There’s no hiding place on a ship’: The sailors stranded near Iran

Drones, cruise missiles and fighter jets have become a common sight for many sailors stranded on oil tankers and freight ships in the Gulf, after Iran threatened to open fire on any vessels trying to cross the Strait of Hormuz, in response to US-Israeli attacks.

In recent days there has been a growing number of reported attacks on ships in the Gulf region, as Iran responded to attacks by the US and Israel by threatening to open fire on any vessels trying to cross the Strait of Hormuz.

The Strait is a key artery for shipping, both for energy supplies and vessels carrying other goods. The sudden outbreak of war has left many ships – and their sailors stranded at sea as they watch strikes play out on land around them and overhead.

“I have seen Iranian drones and cruise missiles flying at low altitude,” says Amir, a Pakistani sailor aboard an oil tanker in the United Arab Emirates that cannot leave the area. “I also hear the sound of fighter jets, but we can’t identify which country they belong to.”

What scares him the most is the thought of an intercepted drone or missile falling on his vessel.

Hein, a sailor from Myanmar, sees skirmishes every day. “Just this morning, two fighter jets fired at each other while we were still working,” he says. “There’s no specific hiding place on the ship for this, and we just had to run inside.”

We have changed their names to Amir and Hein, along with those of the other sailors at sea and their families, to protect their safety.

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Elcome Expands Global Maritime Connectivity Leadership With Amazon LEO Agreement

ELCOME, a global provider of maritime technology and satellite communication solutions, announced today that it has signed an authorised reseller agreement with Amazon Leo (formerly Project Kuiper) to offer satellite-based connectivity to the commercial maritime sector.

Under this agreement, ELCOME will offer Amazon Leo to fleets operating across all major oceans, supporting merchant shipping, offshore service vessels commercial fishing, and yachting.

Building on ELCOME’s existing fleet connectivity footprint across more than 5,000 vessels, the addition of Amazon Leo Pro and Leo Ultra terminals will provide operators with an independent low Earth orbit connectivity path that improves availability and network diversity at sea.

Customers will see increased resilience, optimized application performance, and accelerated modern digital operations onboard and between ship and shore.

Amazon Leo is building one of the most advanced satellite communications systems in the world. Powered by a constellation of thousands of satellites in low Earth orbit, the system will provide lower latency and higher transmission capacity than traditional geostationary satellite solutions, enabling real-time applications, telemetry, remote operations, and hybrid network architectures.

“This agreement advances our mission to deliver global, scalable, and future-ready connectivity to the maritime industry,” said Jimmy Grewal, Managing Director of ELCOME.

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SM Group’s Korea Line Equips Entire Fleet with Starlink

Korea Line Corp., the shipping arm of SM Group, announced on Jan. 16 that it has successfully completed the installation and activation of SpaceX’s Starlink satellite internet service across its entire fleet of 38 vessels, including bulk carriers and liquefied natural gas (LNG) tankers, becoming the first company in South Korea’s shipping industry to do so.

The company signed a service agreement in April last year with KT SAT, one of SpaceX’s official business-to-business resellers. Korea Line said the move will enable qualitative improvements in smart-vessel operations by leveraging a high-performance, ultra-fast satellite communications network.

Starlink’s low-Earth-orbit satellite service operates more than 8,000 satellites deployed at an altitude of roughly 550 kilometers. Because the satellites are relatively closer to Earth than traditional geostationary satellites, the system offers much faster communication speeds.

Korea Line expects the service to allow faster collection and transmission of vessel-operation data and smoother real-time communication between ships at sea and onshore offices, improving both efficiency and execution of onboard operations. The company also said it plans to strengthen its environmental, social and governance (ESG) management by improving fuel efficiency, reducing carbon emissions and enhancing navigational safety.

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Yangpu Port expands zero-tariff trade as Hainan FTP launch lifts throughput and routes

Yangpu Port in Hainan recorded its first clearance of zero-tariff petrochemical raw and auxiliary materials following the island-wide launch of special customs operations under the Hainan Free Trade Port (FTP), enabling companies to save nearly 10 million yuan ($1.42 million), according to Global Times.

The shipment involved 179,000 tons of cargo that cleared customs smoothly on the first day of the new regime.

Under the FTP policy, the share of goods eligible for zero tariffs expanded from 21 percent to 74 percent.

Port authorities reported that container throughput exceeded 3 million twenty-foot equivalent units (TEUs) as of Thursday this year, surpassing that level for the first time and nearly doubling from 1.8 million TEUs in 2024.

Yangpu Port currently operates 59 domestic and international routes, including 33 international services covering Southeast Asia, the Middle East, and Africa, with new intercontinental routes added since 2024.

Officials said infrastructure upgrades, including the commissioning of 200,000-ton deep-water berths in May, supported the increase in volumes.

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Fisherfolk urge govt to scrap notification on wetland privatisation

KOLKATA: A recent notification issued by the Department of Land & Land Reforms permitting private individuals, entrepreneurs and other government institutions to take part in competitive bidding for government-owned waterbodies has triggered a sharp debate over modernisation versus the protection of traditional livelihoods and ecological balance.

Fishermen’s cooperative societies and environmental groups have strongly opposed the move, warning that it could jeopardise the livelihoods of more than 17 lakh registered members belonging to over 800 cooperatives across the state. Four fishermen’s cooperative societies have already written to the government, demanding the immediate withdrawal of the notification.

The changes stem from amendments to the West Bengal Land and Land Reforms Manual, 1991, notified on September 18. Under the revised provisions, government-owned waterbodies will now be allotted through a tender or auction process. While the notification says fishermen’s cooperative societies, fish production groups and self-help groups will be given price preferences and concessions on the earnest money deposit, traditional fisherfolk fear these safeguards may not be enough.

They argue that the new system could favour financially stronger bidders who may lack experience in sustainable fish production, potentially pushing out communities that have depended on these waterbodies for generations. Environmentalists, too, have raised concerns, warning that opening wetlands to private players could lead to encroachment and poor waterbody management.

In their representations to the government, fishermen’s cooperatives have stressed that they are the natural custodians of inland waterbodies and have long followed sustainable fishing practices. They contend that the notification undermines their role and threatens both livelihoods and ecological stability.

The cooperatives have also pointed out that the move runs counter to existing laws and policies aimed at protecting backward classes and safeguarding fundamental rights guaranteed under the Constitution. They have urged the department to revoke the notification, citing its potentially damaging impact on traditional fishing communities and the environment alike.

Key amendments and concerns at a glance

1. Government-owned waterbodies to be settled through tender or auction.
2. Eligible participants include fishermen’s cooperative societies, fish production groups, self-help groups, individuals, entrepreneurs and fisheries department undertakings.
3. Fishermen’s cooperatives, fish production groups and self-help groups to receive price preferences and concessions on earnest money deposits.
4. Traditional fisherfolk fear displacement by financially stronger bidders with limited expertise in sustainable fisheries.
5. Environmentalists warn of possible wetland encroachment and long-term damage to waterbody management.
   
   

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Baltic Index Extends Losses On Weaker Rates Across All Segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses on Monday, weighed down by weaker rates across all vessel segments.

The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell for its third straight session, losing 33 points, or 1.2%, to 2,694 points.

The capesize index lost 70 points, or about 1.4%, to 5,013 points.

Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $580 to $41,571.

Iron ore futures slipped on Monday, as sagging demand in top consumer China, along with increasing equipment maintenance and the lack of new stimulus measures from the country’s top decision-making body, weighed on sentiment.

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Thordon Bearings Wins 2025 Motorship Award For T-Boss Sterntubeless Ship Design

Thordon Bearings has won the 2025 Motorship Award for T-BOSS, the ship design which replaces a traditional sterntube with a space that allows inspection and maintenance of a seawater-lubricated bearing and seal arrangement from inside the ship.

The award, presented at the Motorship Propulsion & Future Fuels Conference in Hamburg, Germany, on the 25th of November, recognizes innovative partnerships that result in low-emissions maritime solutions. T-BOSS – the Thordon – Blue Ocean Stern Space – was developed by a consortium of maritime partners consisting of ABS, Thordon Bearings, Wärtsilä Shaft Line Solutions, CSSC-SDARI (Shanghai Merchant Ship Design & Research Institute), and the National Technical University of Athens.

The innovative solution replaces the conventional sterntube and cooling tank with a dry chamber housing a single seawater-lubricated, non-metallic Thordon COMPAC bearing. In addition to minimizing shipbuilding costs with the removal of the sterntube and oil sealing system, the design significantly reduces operating expenditure.

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Oslo port incentivising green ships

As global emissions standards tighten, ports and maritime authorities are rolling out new schemes to reward vessels that operate more efficiently and sustainably.

Oslo Port – Rewarding Emission Reductions

Starting in 2026, the Port of Oslo will introduce financial incentives for cleaner shipping. Vessels which operate emission-free in and out of the Steilene area will receive a 100% discount on quay fees, while cargo vessels that connect to established shore power facilities will qualify for a 20% discount. At the same time, the former 20% discount for scheduled-route traffic will be discontinued, shifting the scheme toward rewarding genuine emissions reductions.

Environmental discounts are calculated using two established methods:

Environmental Port Index (EPI) – specifically for cruise ships. The EPI measures a vessel’s environmental performance while in port, fuel consumption and use of shore power. It is managed by EPI AS (developed with DNV and Norwegian ports). Cruise ship owners should register their vessels and report technical data to the EPI portal, which in turn will allow the Port of Oslo to issue discounts based on the ship’s EPI score.

Environmental Ship Index (ESI) – used for all ship types. Administered by the International Association of Ports and Harbors (IAPH), ESI evaluates ships’ overall emissions performance and increasingly considers at-berth emissions. Ship-owners voluntarily register their vessels and provide verified emissions data, and higher ESI scores make ships eligible for larger environmental discounts at Oslo.

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Singapore and China Sign Agreement to Establish Green and Digital Shipping Corridor

The Ministry of Transport of the Republic of Singapore and the Ministry of Transport of the People’s Republic of China have signed a Memorandum of Understanding (MoU) to establish the Singapore–China Green and Digital Shipping Corridor (GDSC). The MoU was signed on 19 October 2025 by Mr Jeffrey Siow, Singapore’s Acting Minister for Transport, and Mr Liu Wei, China’s Minister of Transport.

The MoU elevates Singapore and China’s GDSC cooperation to the national level, building on the earlier established municipality-level and provincial-level GDSCs with Tianjin and Shandong, established in 2023 and 2024 respectively.

Under the MoU, Singapore and China will work with industry stakeholders to advance maritime decarbonization, enhance port and supply-chain efficiency, and develop supporting technologies, infrastructure, and standards to promote a more sustainable and connected maritime ecosystem. It also seeks to strengthen digitalization in maritime transport operations, by promoting the use of data-driven systems to enhance efficiency, resilience, and transparency across the maritime value chain.

Building on their respective strengths in manufacturing, supply chain ecosystems, regulatory frameworks, and financial capabilities, both countries aim to drive innovation and the effective implementation of green and digital initiatives in the maritime sector.

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Tax sops for ships under Omani flag to boost marine transport

The Tax Authority has announced the suspension of the imposition of withholding tax on service contracts provided on board ships that are registered under the Omani flag, for a period of 5 five years, starting from September 1, 2025

The incentives are aimed at encouraging ships flying the Omani flag, supporting the maritime transport sector and national maritime services, and stimulating investment in the maritime transport industry.

Ships acquiring Omani nationality, officially registered with the competent authority in the Sultanate of Oman, and bearing its national flag.

Ships registered under the Omani flag mean vessels acquiring Omani nationality, officially registered with the competent authority in the Sultanate of Oman, and bearing its national flag.

Tax to be suspended means withholding tax on service contracts provided on board ships that are registered under the Omani flag. The suspension period will continue from September 1, 2025, until August 31, 2030.

Taxpayers may benefit from the tax facilities by applying to the Tax Authority, including the data shown in Form No. (18) of Income Tax for Withholding Tax, indicating the tax due on the total amount of services provided on board a ship that is registered under the Omani flag, no later than the fourteenth (14) of the end of the month in which the amount was due to be paid or credited to the account, whichever is earlier.

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US presses forward on port fees despite China’s warning

The United States is moving forward with a plan to collect port fees, putting the onus on ocean carriers to calculate and setting the stage for a showdown with China, which is teeing up its own retaliatory actions.

The US Customs and Border Protection in a notice issued Friday, directed ocean carriers to determine any China-built tonnage calling US ports and pay new fees starting Oct. 14. China-based operators face harsher fees than their counterparts, spurring Beijing last week to prepare its own retaliatory “special fees” for ships that are tied to actors hurting Chinese interests.

The vagueness of the criteria China could use to determine ties to the United States has expanded the risk of other ocean carriers getting caught in the crossfire beyond the obvious targets: US-flag vessel operators. A change to Chinese shipping law that took effect Sept. 29 allows China to go as far as blocking vessels from its ports.

The US Maritime Administration has been in a long-running disagreement with China’s Ministry of Transport, accusing Chinese ports of giving unfavorable treatment to US-owned vessels. Both countries agreed to a level playing field through the US-China Bilateral Maritime Agreement, which took effect in 1998.

The US federal register notice doesn’t detail how US Customs and Border Protection (CBP) would enforce the new port fee. The shipping industry largely failed to convince the USTR to again water down the Section 301 tariffs underpinning the port fees, although LNG-vessel shipowners and operators were exempted. The shipping industry successfully lobbied to ease the planned USTR port fee, with the agency releasing a less-severe plan in mid-April.

Container lines have made moves to avoid the new fees. A week prior to Oct 14, there were 647,000 TEUs of China-built capacity, equating to 13% of the tonnage on the trade between Asia and North America, according to rate benchmarking provider Xeneta. On the trans-Atlantic, which includes some Canada-only calls, there were 81,000 TEUs of capacity or 8.6% of deployed capacity. There’s more than 118,00 TEUs of China-built tonnage from vessels that are smaller than 4,000 TEUs and deployed on US services but are excluded from the new port fee.

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The new energy equation: Why LNG is vital to the future of supply chains

A major trend in the global energy landscape today is the ongoing recalibration of supply chains, driven by shifting geopolitical dynamics. Nations are increasingly recognizing that energy security extends beyond basic supply and demand; it is intrinsically linked to political stability, international relations and economic resilience.

Recent conflicts near major oil and gas producers have exposed vulnerabilities in existing supply chains, prompting urgent reassessments of national energy strategies. The Strait of Hormuz, for example, through which 20% of global oil and a significant share of LNG flows, has once again become a flashpoint. Iranian threats to disrupt this 33-kilometre chokepoint sent freight rates soaring 55% month-on-month, disproportionately impacting price-sensitive South Asian economies such as Pakistan and Bangladesh. Though a temporary ceasefire has provided some relief, it underscores the need for diversified, resilient energy sources.

Liquefied natural gas (LNG) has emerged as a critical buffer in this new energy equation, offering both security and flexibility. It enables rapid response to supply shocks and supports energy transitions by displacing more carbon-intensive fuels like coal. In regions such as South Asia and South-East Asia, home to fast-growing populations and rising energy demands, LNG is playing an increasingly central role.

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US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses

U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market.

The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington’s pressure strategy on Venezuela’s sanctioned energy industry.

The U.S. Treasury Department in March revoked key licenses that allowed some companies to export Venezuelan oil and fuel to the U.S. after President Donald Trump criticized the OPEC nation’s record on migration and democracy.

However, the administration is now preparing to grant new authorizations to key partners of Venezuela’s state-run PDVSA to allow them to operate with limitations, which could include oil swaps, five sources close to the matter said this week.

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ONGC orders two ethane carriers from Japan’s top shipbuilder

Natural Gas Corporation of India has entered into an agreement with Japanese shipbuilding company Mitsui O.S.K. Lines.

Oil and Natural Gas Corporation of India has entered into an agreement with Japanese shipbuilding company Mitsui O.S.K. Lines. As per the agreement, Mitsui O.S.K. Lines will build, own and operate two Very Large Ethane Carriers (VLEC), which will be used by ONGC for the import of ethane.

According to an exchange filing by ONGC, the two companies signed a Heads of Agreement on July 3. The company said the arrangement is further subject to the approval of the Board of Directors.

Additionally, ONGC said that the Very Large Ethane Carriers will be used by ONGC Petro Additions Limited (OPal), a subsidiary of the company, for importing ethane. The VLEC is a specialized ship used for the transportation of ethane gas over long distances. The ship has a capacity of carrying about 150,000 cubic meters of liquefied ethane.

Supply chain modernization

Oil and Natural Gas Corporation of India is working towards the modernization of its supply chain. On June 30, the company called for suitable companies to transform its Vendor Managed Inventory.

The company said that it is seeking a model that can reduce the turnaround time and optimize its inventory. The company said that it is looking to roll out the Vendor Management Model in a phased manner.

The company aims to roll out the model in the west zone first, which consists of Mumbai, Gujarat and Rajasthan.

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Iron ore rebounds as traders cheer Sino-US trade progress

Iron ore futures prices rebounded on Wednesday, as signs of progress in trade talks between the world’s two largest economies bolstered sentiment, although uncertainty over a final agreement and softening steel demand capped further gains.

Officials from the United States and China, the world’s largest iron ore consumer, agreed on a framework to put their trade truce back on track following two days of intensive negotiations in London.

The development has broadly lifted sentiment in the ferrous market, helping support prices.

China purchases over two-thirds of global seaborne supply.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 1% higher at 707 yuan ($98.39) a metric ton. The contract registered losses of nearly 1% on Tuesday.

The benchmark July iron ore on the Singapore Exchange was 0.87% higher at $95.2 a ton, as of 0720 GMT.

Other steelmaking ingredients on the DCE gained ground, with coking coal and coke (DCJcv1) up 1.1% and 1.31%, respectively.

Most steel benchmarks on the Shanghai Futures Exchange nudged higher on firmer costs of raw materials, but soft downstream demand limited gains.

Rebar RBF1! added 0.67%, hot-rolled coil EHR1! rose 0.78% and wire rod (SWRcv1) advanced 0.43% and stainless steel HRC1! ticked up 0.48%.

“Steel consumption has declined rapidly entering the off-peak demand season,” analysts at Galaxy Futures said in a note.

Amid growing concerns over market stability, the state-backed China Iron and Steel Association called on Tuesday for a joint boycott for the ‘rat race’ style competition in response to the spill-over impact of the fierce price war among domestic automakers on the steel market.

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HD Hyundai To Build Duo of Containerships | Jobs On Ships

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on May 30 that it has recently signed a contract to build 2 containerships with a shipping company based in Oceania.

– The total order amount is 386.8 billion KRW.

– The two vessels will be built by HD Hyundai Samho and is scheduled to be delivered by the first half of 2028.

– Including the disclosed orders, HD Korea Shipbuilding & Offshore Engineering has received orders for a total of 57 ships worth 6.98 billion USD to date, achieving 38.7% of the annual order target of 18.05 billion USD (provisional).

– By ship type, the company has received orders for 1 LNG carrier, 6 LNG bunkering vessels, 6 LPG/ammonia carriers, 2 ethane carriers, 36 container ships, and 6 tankers.

Source: HD Korea Shipbuilding & Offshore Engineering

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Pilot project Hull Vane and Total Energies big success | Merchant Navy Jobs

Hull Vane and TotalEnergies conducted a pilot project by installing a Hull Vane® on one of the company’s chartered Fast Support Vessels (FSVs) in order to reduce the CO2 emissions. Following successful sea trials, which confirmed the predicted savings in fuel consumption and CO2 emissions, and having used the Hull Vane® for several months in operation, TotalEnergies confirms the fuel saving of 11% in general.

The pilot project was done on Ava J McCall, a 59m (194 ft) Fast Support Vessel owned by Seacor Marine, and designed by Incat Crowther. The vessel is in operation in West-Africa, transporting goods and personnel to the oil fields offshore Nigeria. Ava J McCall is powered by five waterjets, with a combined propulsion power of just over 10.000 kW. Hydrodynamic studies at Hull Vane showed that the Hull Vane® would save around 10% in fuel consumption at the ship’s typical operating speeds of between 15 to 25 knots. The Hull Vane®, built in the Netherlands, was shipped to Ivory Coast where it was installed during Ava J McCall’s scheduled maintenance period in late 2022.

The Naval Architects of Incat Crowther USA took care of the structural integration of the Hull Vane®. The Hull Vane® is placed underneath the waterjets, and does not increase the draft, the beam or the length of the vessel. Upon completion, DP trials showed no effect on the Dynamic Positioning Capabilities of the vessel, which has DP-2 notation.

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Navantia strikes Harland and Wolff deal at knocked-down price

The Spanish company struck a hard bargain but, with no other parties in the ring, it could call the shots. Announced Thursday morning UK time, Navantia will acquire the iconic Belfast yard, Appledore in England, and Arnish and Methil in Scotland, for £70 million, far short of the asking price.

About 1,000 jobs were thought to be at risk at the four yards. But thousands more would have been endangered at third party engineering firms and other suppliers.

With its back against the wall, the UK Government not only agreed a lower price but sweetened the deal further by improving the terms of a £1.6 billion contract for three fleet solid support (FSS) ships on order at H&W. The vessels, which will support the Royal Navy’s UK carrier strike group, are to be built in Belfast, Appledore and Puerto Real in Spain, and Navantia is lead partner on the FSS contract.

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India’s GAIL to receive 12 LNG cargoes/year from Qatar Energy Trading starting 2025

India’s GAIL has awarded its LNG purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading, market sources told S&P Global Commodity Insights.

The tender was awarded at a slope of 115% to Henry Hub plus a constant of $5.66/MMBtu with deliveries on the west coast of India, sources said. GAIL had issued the tender in early November.

The deal reflects the expected tightness in the global LNG market in 2025 and 2026 due to a delay in the construction and commissioning of some LNG export terminals, sources said.

This has resulted in LNG forward curves being elevated for 2025 and 2026.

Platts assessed West India Marker, the benchmark price for LNG cargoes delivered to West India, Dubai and Kuwait at $12.588/MMBtu for February Dec. 16.

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