Iran Demands Hormuz Sovereignty Recognition as IRGC Runs $2M Transit Toll Booth

Iran Claims Sovereignty Over Strait of Hormuz Amid Controversial IRGC Toll

The Strait of Hormuz crisis intensifies as Iran demands sovereignty and imposes a $2 million transit fee per vessel, payable in Chinese yuan. With nearly 2,000 vessels stranded, new tolls may generate $600-800 million monthly. The IRGC’s toll system has turned this vital chokepoint into a pay-to-pass checkpoint, complicating global shipping.

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Classnk Awards Autonomous Notation To Domestic

ClassNK Awards Autonomous Notation To Domestic Vessels and Systems

ClassNK has awarded its “AUTO-Nav2(All)” notation to Genbu, Japan’s first newly constructed autonomous container ship. This recognition marks a significant milestone in autonomous navigation for medium- to long-distance coastal operations. Built by Kyokuyo Shipyard, the Genbu aims to enhance connectivity and support Japan’s aging maritime workforce.

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