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International Shipping Firms Shun US-Controlled Hormuz Corridor

July 16, 2026 News Desk, The Cradle. , , , ,
International shipping companies are avoiding crossing the Strait of Hormuz through the US-controlled alternative corridor that runs along the Omani coastline due to fears of Iranian strikes, sources told Reuters on 16 July. After a series of Iranian strikes on ships attempting to bypass the Iranian-designated shipping channels as mandated in the Iran–US memorandum of understanding (MoU), shipping companies are reassessing the safety and viability of US military escort through the strait. “The US doesn't seem to have any control over the situation,” one shipping source said.

Iran Announces ‘Persian Gulf Strait Authority’ With Oman

May 18, 2026 News Desk, The Cradle. , , , ,
The Islamic Republic has officially launched a new body to oversee its management of the Strait of Hormuz, formalizing its demand that the waterway come under Iranian jurisdiction following the start of the US-Israeli war. The body, labeled the Persian Gulf Strait Authority (PGSA), made its first post on 18 May. “In the Name of God. The official X account of the PGSA is now live. Follow us for real‑time updates on Strait of Hormuz operations and latest developments,” the post stated. The statement has also been carried by Iran’s Supreme National Security Council and the navy of the Islamic Revolutionary Guard Corps (IRGC). 

Hormuz Strait Back To Previous State Amid US Blockade

April 18, 2026 Al Mayadeen English. , , , ,
Iran’s military announced that the Strait of Hormuz has returned to its previous operational status, placing it under “strict management and control” by the country’s armed forces, following repeated violations of prior understandings by the United States. In a statement, the spokesperson of the Khatam al-Anbiya Central Headquarters said Iran had earlier agreed, in good faith and within the framework of negotiations, to allow the managed passage of a limited number of oil tankers and commercial vessels through the strategic waterway.

China-Panama Tensions Impact Maritime And Merchant Sectors

April 3, 2026 TeleSur, Orinoco Tribune. , , , ,
The escalating tension with China is affecting Panama’s merchant registry, one of the largest in the world. The Panamanian maritime sector proposes to address this situation by proactively resolving any deficiencies that ships flying the Panamanian flag may present. The Panamanian government has acknowledged an increase in the detention of Panamanian-flagged vessels in Chinese ports, a phenomenon that coincides with a period of bilateral tension stemming from the withdrawal of a Chinese company from operating two ports near the Panama Canal.

Trump’s Suez Power Play Threatens To Drag Egypt Into War

May 3, 2025 Robert Inlakesh, MintPress News. , , ,
President Donald Trump’s call to permit the free passage of American ships through Egypt’s Suez Canal has sparked public outrage across a nation already in steep economic decline. While Washington appears to feel entitled to Cairo’s trade route, U.S. policies have long contributed to Egypt’s financial crisis. Earlier this week, Trump announced immediate action was being taken to allow U.S. ships to transit through both the Panama and Suez canals free of charge. While the move will likely deal an economic blow to Panama City, Cairo is already teetering on the brink.

‘Landmark’ Global Shipping Agreement Reached After Years Of Talks

April 15, 2025 Cristen Hemingway Jaynes, EcoWatch. , , ,
After nearly a decade of negotiations, nations have come to a “landmark” global shipping agreement to reduce greenhouse gas emissions. The new International Maritime Organization (IMO) Framework introduced a carbon pricing mechanism that will require ships with high emissions to pay for the excess pollution they release, reported UN News. It also sets mandatory fuel standards for the shipping industry. “Ships must reduce, over time, their annual greenhouse gas fuel intensity (GFI) – that is, how much GHG is emitted for each unit of energy used,” a press release from IMO said. “Ships emitting above GFI thresholds will have to acquire remedial units to balance its deficit emissions, while those using zero or near-zero GHG technologies will be eligible for financial rewards.”

Maersk Exports Cargo From Illegal Israeli Settlements To The US

January 24, 2025 Michael Arria, Mondoweiss. , , , , , , ,
A new report details a shipping and logistics giant’s role in sustaining illegal Israeli settlements in occupied Palestine and Syrian territories. A.P. Moller Maersk is a publicly traded Danish company that netted a revenue of $51.1 billion in 2023. According to research compiled by the Palestinian Youth Movement (PYM) and its Mask off Maersk campaign, the company has repeatedly facilitated shipments to the United States from illegal settlements in the occupied West Bank and the Syrian Golan Heights. “The global structures of financialized capitalism, logistics and supply chains play an outsize role in the maintenance of extraction and accumulation.
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