20,000 Seafarers and 1,500 Vessels Stranded in Strait of Hormuz Blockade, Says IMO

Approximately 1,500 ships and 20,000 crew members are stranded in the Gulf due to Iran’s blockade of the Strait of Hormuz, impacting global shipping. Arsenio Dominguez, Secretary-General of the IMO, emphasized the urgency of the situation, highlighting the blockade’s severe implications for international trade and energy security.

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Oil Tanker Bridge

Shipowners Weigh Risks Amid Iran’s Hormuz Passage Proposal

Shipping companies are wary of navigating the Strait of Hormuz, despite Iran’s Revolutionary Guard Corps offering assurances of safe transit. Experts express skepticism, recalling past unfulfilled promises. The vital oil route’s potential closure could impact global prices, with gasoline hitting $4.50 a gallon. Formal safety confirmations are crucial before proceeding.

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ABS Expands Cybersecurity Expertise with Acquisition of RMC Global

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.

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Europe Funds Large-Vessel Hydrogen Project

Europe Advances Hydrogen Engines for Large Vessels

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.

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