In April, coal shipments to Japan, South Korea, and the EU rose by 27% year-on-year, fueled by tight gas supplies and LNG disruptions. Despite typical seasonal declines, a 1% month-on-month increase occurred. BIMCO warns ongoing Strait of Hormuz disruptions may further boost coal demand as utilities shift from gas to coal.
Container spot rates rebounded this week after three weeks of declines, influenced by emergency surcharges from carriers due to rising operational risks, particularly around the Strait of Hormuz. The Drewry World Container Index noted a 3% increase, driven mainly by gains on Transpacific routes, highlighting ongoing market volatility.
ABS, through its affiliate ABSG Consulting Inc., has acquired RMC Global, enhancing its capabilities in industrial cybersecurity and risk management. This merger combines expertise to address rising operational risks and cyber threats, ensuring comprehensive solutions for clients. Leaders from both organizations emphasize a shared mission to protect critical infrastructure and enhance resilience.
A CMA CGM container ship, the San Antonio, was attacked in the Strait of Hormuz, injuring crew members and damaging the vessel. This incident, the 32nd maritime attack amidst U.S.-Iran tensions, prompted limited comments from CMA CGM and the evacuation of wounded crew for medical care.
A consortium led by the University of Vaasa has secured Horizon Europe funding for the H4PERION project, which aims to demonstrate hydrogen-capable internal combustion engines in large vessels. Over four years, the project will innovate in engine development, fuel supply systems, and emissions reduction, targeting efficient, zero-carbon shipping solutions.
France has deployed its carrier strike group to the Red Sea to secure the Strait of Hormuz amid escalating U.S.-Iran tensions. This strategic move aims to address a blockade threatening global trade. France, in collaboration with Britain, is proposing a plan for safe passage, contingent on Iran’s engagement in nuclear negotiations.
Maritime chief engineers face significant challenges from abrasive “catfines” in marine fuel, which arise from oil refinery catalysts. These contaminants can exceed OEM limits, risking engine damage. A recent review showed 16% of purified fuel samples surpassed safety thresholds, highlighting the need for effective purification and stringent supplier selection to protect engine integrity.
France has proposed separating the Strait of Hormuz’s security from broader regional tensions, advocating for a multinational mission to safeguard this vital waterway. The Elysee Palace has communicated these suggestions to both Washington and Tehran, emphasizing the importance of addressing Hormuz security independently while encouraging negotiations between the U.S. and Iran.
The Bombay High Court has authorized the transfer of three vessels from the Arabian Sea to the Alang ship-breaking yard, following the release of 50 crew members. The ships were detained for illegal fuel transfers and security concerns. Their movement is now permitted under Coast Guard oversight, with further hearings scheduled.
The UK Marine Accident Investigation Branch (MAIB) reported on a severe engine failure aboard the vessel Kommandor Susan on January 25, 2025. During sea trials in the Firth of Forth, a catastrophic diesel generator failure led to a fire and total power loss, causing the vessel to drift. Key safety issues included the use of non-genuine engine parts.
All nine crew members of a cargo ship that sank near Andros have been rescued in a coordinated operation. The vessel, carrying soda from Albania to Ukraine, struck rocks in the Aegean Sea. Two crew members were retrieved from the water, while the others were evacuated from a rocky refuge.
Authorities in Andros have detained the captain and watch officer of the Turkish freighter Corsage C, which sank off the northern coast. Fortunately, all crew members survived. The vessel was en route from Croatia to Ukraine when it struck rocks. Investigations into negligence and environmental protection efforts are ongoing.
Spanish authorities intercepted a vessel in the Atlantic Ocean, seizing the largest cocaine shipment in the country’s history, estimated at 35 to 40 tonnes. The operation, executed by the Civil Guard on May 1, resulted in the arrest of approximately 20 individuals aboard, marking a significant achievement in combating drug trafficking.
On Tuesday, President Trump announced a temporary pause of the “Project Freedom” maritime operation in the Strait of Hormuz, amidst negotiations with Iran. While the blockade remains, the decision reflects requests from Pakistan and others, aimed at reassessing the feasibility of a comprehensive agreement amid ongoing regional tensions and security incidents.
The U.N. Security Council will discuss a U.S.- and Bahrain-backed draft resolution to impose sanctions on Iran if it continues threatening commercial shipping in the Strait of Hormuz. This initiative seeks to enhance regional security without explicitly authorizing military action, while demanding Iran’s compliance with ceasefire efforts and humanitarian corridors.
