INTERCARGO has observed a concerning increase in attacks on merchant vessels, marking a shift towards targeting commercial shipping directly. This trend poses significant risks to seafarers, who are vital to global trade. We urge governments and international bodies to take action to protect civilian shipping and ensure crew safety.
The Ministry of External Affairs (MEA) of India summoned Ukraine’s Ambassador after an attack on the merchant vessel MV OMORFI near Odesa, which killed an Indian seafarer. The MEA condemned the assaults on commercial shipping and urged Ukraine to prioritize the safety of civilian seafarers, emphasizing the need for diplomatic action.
Global trade faces significant hurdles, amplified by Middle Eastern tensions and Panama Canal disruptions. A recent Canal Authority announcement cites water supply issues, limiting vessel bookings from 36 to 34. With the looming El Niño phenomenon threatening further declines in water levels, timely bookings will become increasingly critical for maritime transport.
The UNCTAD is sounding alarms over the escalating crisis in the Strait of Hormuz, as shipping disruptions evolve into a significant economic shock. This critical waterway, responsible for about 25% of the world’s oil, sees diminishing ship transits, leading to rising energy and transport costs, jeopardizing food security globally.
Global trade is projected to surpass $35 trillion by 2025, driven by a 7% rise in seaborne goods, contributing nearly $1.5 trillion. East Asia leads with a 9% export increase, while Africa sees significant growth. Manufacturing, particularly electronics, fuels this expansion, despite challenges in the automotive sector.
At the G7 meeting in Canada, India’s External Affairs Minister S. Jaishankar presented a vision for maritime security, emphasizing the Indo-Pacific region’s importance. He advocated for port-led development and international cooperation, addressing challenges like piracy and illegal fishing. Jaishankar affirmed India’s commitment to a rules-based maritime order under UNCLOS.
Iran has officially closed the Strait of Hormuz after U.S. precision attacks on key nuclear sites. This vital maritime route, handling 20% of global oil and significant LNG transport, raises fears of soaring trade disruptions and oil prices. The Iranian Parliament’s decision highlights escalating regional tensions amidst the Israel-Iran conflict.
DP World’s Mundra International Container Terminal (MICT) saw significant growth in the fiscal year 2024-2025, handling 1,497,228 TEUS, a 13% increase from the previous year. Servicing 762 vessels, the terminal plays a crucial role in advancing India’s global trade network. DP World Mundra also reached its highest monthly volume in March 2025.
National Maritime Day on April 5 commemorates the 1919 voyage of SS Loyalty, marking India’s independence in the maritime industry. It honors senior officers and industry leaders for their contributions to global trade. The maritime industry, crucial for the global economy, transports goods internationally. India’s extensive coastline and ports position it as a leading maritime trading nation.
DP World’s Mundra terminal recently welcomed the first call of the ME11/IMX service under the Gemini Cooperation, enhancing trade links between the Indian Subcontinent, Middle East, and Europe. With 12 vessels and 16,000 TEU capacity, the service offers fast, flexible, and reliable ocean freight transportation, strengthening India’s trade ecosystem and boosting global connectivity.
Indian ports, with historical significance and strategic importance, are set to elevate global trade. The India-UAE Virtual Trade Corridor agreement aims to streamline processes and reduce costs, boosting the India-Middle East-Europe Economic Corridor. With plans for a sea-link to Europe, Indian ports are gearing up for increased trade, cementing their role in the global maritime landscape.
Yemen’s Houthi militants are suspected of sinking a second ship in the Red Sea, the Greek-owned Tutor, on June 12. The attack involved missiles and an explosive-laden remote-controlled boat, causing the vessel to take on water. One crew member is missing. This marks the second such incident since November, with the Houthis claiming solidarity with Palestinians in Gaza.
Stena Line has acquired 49 percent of shares in ferry company Africa Morocco Link (AML), operating routes between Tangier and Algeciras. CEO Niclas Mårtensson sees the strait of Gibraltar as a strategic location for growth in global trade and freight volumes. The agreement is pending approval by Moroccan authorities.
