DNV has introduced a recommended practice (RP) for measuring and verifying onboard carbon capture and storage (OCCS) systems on ships. This initiative addresses the reliance on fossil fuels within the maritime fleet, aiming to standardize performance metrics and support the transition to low-GHG technologies, with guidelines from the IMO expected by 2028.
The Strait of Hormuz has reopened for shipping following a U.S.-Iran agreement, yet conditions are drastically altered. Commercial traffic resumes amid safety concerns over mines, compelling vessels to choose between Iranian-controlled and U.S.-backed routes. While oil exports increase, uncertainties linger, shaping a new maritime landscape from pre-conflict times.
In a surprising move, Eastern Pacific Shipping has announced its withdrawal from the chemical tanker segment. This strategic exit allows the company to refocus on its core business areas, including containerships and dry bulk. The sale of 14 chemical tankers will finalize this week, further streamlining operations.
This week, the term “US–Iran peace deal” has gained traction, but its significance may be overstated. A recent ceasefire extends for 60 days, yet unresolved issues like Iran’s nuclear program remain. Stakeholders should approach this temporary measure with caution, as reopening vital shipping routes does not guarantee traffic will return.
BIMCO has introduced a Biofuel Clause for Time Charter Parties to address legal and operational challenges stemming from low-carbon fuel use in shipping. This clause provides clear definitions, aligns with ISO standards, and includes processes for sampling and testing biofuels, ensuring safe and efficient integration into charter agreements as the industry decarbonizes.
Shore power is shifting from a voluntary initiative to a critical operational requirement for shipowners, driven by regulatory pressures in Europe, California, and Asia. This technology reduces emissions and fuel consumption while docked but requires careful planning due to uneven infrastructure. By 2030, compliance will be essential in key European ports.
The 2010 HNS Convention will take effect on November 29, 2027, marking a significant step in regulating the maritime transport of hazardous substances. With 12 states ratifying the treaty, it ensures fair compensation for damages related to over 2,000 hazardous materials, addressing loss of life, property, and environmental harm.
Recent advancements in wind propulsion technology have surpassed 100 cargo vessels utilizing wind energy, achieving over five million tons of deadweight capacity. This shift reflects a growing recognition of wind propulsion as a viable decarbonization solution, with over 230 systems saving more than 100,000 tons of CO2 annually in the shipping industry.
Amid a geopolitical crisis in the Persian Gulf, BIMCO and five major maritime organizations have issued vital navigation guidance for ships in the contested Strait of Hormuz. This collaboration aims to address challenges faced by hundreds of vessels delayed in the region, emphasizing operational safety and contingency planning for increased maritime activity.
Danish shipping giant A.P. Moller-Maersk has launched its second methanol-powered container vessel, advancing its decarbonisation efforts to achieve net-zero emissions by 2040. The 9,000-TEU vessel, built by Yangzijiang Shipbuilding, showcases dual-fuel engines and represents a pivotal shift towards sustainable fuels in the shipping industry amidst evolving regulatory pressures.
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.
BIMCO is advising shipowners to remain vigilant while navigating the Strait of Hormuz. Despite President Trump’s “Project Freedom” announcement, security conditions for commercial shipping remain unchanged. BIMCO emphasized the lack of formal guidance and Iran’s critical role in ensuring safe passage, highlighting ongoing safety risks due to regional tensions.
The ongoing conflict in Iran has created uncertainty for global shipping, particularly through the Strait of Hormuz, where 4% of dry bulk cargoes transit. With 210 ships currently trapped, two scenarios emerge: indefinite closure could weaken supply-demand balance by 2027, while a quick reopening might sustain robust market conditions through 2026.
Traffic through the Strait of Hormuz has plummeted to nearly zero, with only five vessels transiting in the past day—a 97% decline from the pre-conflict average. This crisis, now spanning nine weeks, follows the Iranian Revolutionary Guard Corps’ seizure of commercial vessels, rendering the strait commercially impassable.
On April 21, 2026, during Singapore Maritime Week, the Maritime and Port Authority of Singapore (MPA) and the Singapore Shipping Association (SSA) announced a partnership to promote artificial intelligence (AI) adoption in maritime companies. This initiative aims to enhance productivity and competitiveness, aligning with the Singapore Maritime Technology & Research Roadmap 2026.
