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SmartSea secures strategic ITO mandate to manage MACNA IT Infrastructure

SmartSea has secured a strategic IT outsourcing (ITO) contract with the Maritime Company for Navigation (MACNA), Saudi Arabia’s leading marine mobility operator, assuming full responsibility for its IT infrastructure across both shore and vessel operations. This builds on SmartSea’s delivery of MACNA’s recent digital transformation programme, including migration from Google Mail to Microsoft Office 365 …

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LNG Shock: From Supply Disruption to System Strain

Damaged Qatari infrastructure and a near-collapse in Hormuz transit are shifting the LNG market from a supply shock to a flow-constrained crisis. The global LNG market remains under significant stress following Iranian attacks on Qatari energy infrastructure, which have removed approximately 17% of Qatar’s LNG export capacity, equivalent to roughly 3% of global LNG supply. …

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China drives 5% increase in iron ore shipments despite weak demand

“Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which …

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Baltic Dry Index Falls Further to Near 2-Week Low

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, declined for a fourth session on Tuesday, dropping about 2.4% to its lowest since March 12 at 1,989 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, was down for a second day, slumping 3.2% to …

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El Foro UE-Centroamérica 2026 de Panamá aborda los proyectos impulsados desde el Puerto de Algeciras

La APBA presenta en la cita de alto nivel el Proyecto de Interoperabilidad Digital con Costa Rica y el Corredor Verde con Panamá Una delegación de la Autoridad Portuaria de Algeciras (APBA) ha participado en el Foro Unión Europea-Centroamérica 2026. Comercio, conectividad e inversión sostenible celebrado en Ciudad de Panamá. El Corredor Verde y Digital …

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Iran charges transit fees on vessels in Strait of Hormuz

Iran has begun imposing transit fees on commercial vessels passing through the Strait of Hormuz, marking an expansion of Tehran’s control over the critical maritime energy corridor. The fees, reaching up to $2 million per voyage, are being requested on an informal basis from select vessels, according to a report from Bloomberg News, citing people …

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Genco Shipping & Trading Limited Announces Delivery of Second High Specification Newcastlemax Vessel This Year

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has taken delivery of the Genco Valkyrie, the second of two 2020-built 208,000 dwt scrubber-fitted Newcastlemax vessels that Genco agreed to acquire in November 2025. John C. Wobensmith, Chairman and Chief Executive Officer, …

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The Switch launches compact PMM850M permanent magnet machine with water-jacket cooling for marine

The Switch, a leading supplier of permanent magnet (PM) machines for marine applications, has launched the PMM850M PM machine, a compact, high-efficiency solution designed to help shipowners lower fuel consumption, reduce emissions and decrease operating costs. Deliveries are scheduled to begin in 2027. Key advantages for customers: Reduced fuel consumption thanks to high electrical efficiency. …

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March 23, 2026: Iran War Maritime Intelligence Daily

Operational Overview Maritime activity across the Arabian Gulf remains constrained but operationally active, with over 600 foreign-flagged vessels currently transmitting AIS in the region. While large-scale commercial flows continue, vessel behavior indicates sustained disruption, including elevated dark activity, reduced anchoring durations, and shifting routing patterns under heightened geopolitical control. Iran continues to consolidate control over …

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InterMaritime Shipmanagement’s General Counsel Eliana Savvidi Joins BIMCO Advisory Board

InterMaritime Shipmanagement announces that Eliana Savvidi, General Counsel, has been invited to join the Advisory Board of BIMCO’s Agentic Contracts initiative. The initiative, developed in collaboration with BIMCO and technology partner Hunit, is exploring how emerging digital tools can transform traditional maritime contracts into self-executing operational systems. By embedding automation into contractual workflows, the project …

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