Shipowners Association News

Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following the agreement of a ceasefire in Lebanon, while U.S. President Donald Trump said he believed a deal to end the Iran war would come "soon", although the timing remains unclear.Araqchi said in a post on X the Strait was open for all commercial vessels for the remainder of the U.S.-brokered 10-day truce between Israeli forces and Iran-backed Hezbollah agreed on Thursday between Israel and Lebanon.A…

The Hong Kong Shipowners Association (HKSOA) welcomes the national plan and the central government work report delivered at the opening session of the National People’s Congress, which underlined, once again, the importance of consolidating Hong Kong’s status as an international financial, shipping and trade centre.Hong Kong’s economic success has its origins in shipping and trade which as promoted Hong Kong’s growth as a global financial hub and a “super-connector” between the East and the West.

At least 25 ships from seven German maritime companies, including two cruise ships carrying about 7,000 passengers, are stranded in Gulf waters and cannot leave through the Strait of Hormuz for security reasons, Germany's shipowners' association VDR said on Monday without naming the companies. Dertour and TUI Cruises said earlier they had suspended or adjusted travel plans across the Middle East after U.S. and Israeli strikes on Iran spurred retaliatory action.Some details from…

The Hong Kong Shipowners Association (HKSOA) has welcomed the many new initiatives in the 2026-27 budget promulgated by the Financial Secretary.Many of the association’s recommendations have been accepted by the government:• provision of tax concession for eligible commodity traders;• introduction of a new incentive scheme for green fuel-powered vessels registered in Hong Kong;• enhancement of the ship registration regime with a dual registration system;• launch of more large-scale maritime events in Hong Kong in collaboration with global maritime organisations…

The International Chamber of Shipping (ICS) released its new Deck Procedures Guide, a vital addition to ICS’s suite of shipboard operational guidance. ICS says the publication addresses a critical gap in maritime safety guidance by providing the industry's first comprehensive resource dedicated specifically to deck operations. Together with the widely used Bridge Procedures Guide and Engine Room Procedures Guide, this new publication completes a trilogy of core resources designed to harmonise best practice across all shipboard departments.Covering the full spectrum of deck-side activities…

In this moment of heightened trade tensions, the International Chamber of Shipping co-hosted a second Global Maritime Trade Summit in Hong Kong to explore geopolitics and trade realignment, building resilient supply chains, and financing a dynamic and robust maritime economy. The summit was co-hosted by the Transport and Logistics Bureau of the Government of Hong Kong, SAR and the Hong Kong Shipowners Association.The theme of this year’s summit was Building Resilience, Driving Growth and Investment.“The maritime industry is at a pivotal moment.

NYK and NYK Ship management Pte. Ltd. (NYKSM) conducted a drill on October 17 that simulated a response to an accident off the coast of Okinawa Island.The exercise featured a scenario in which a fire broke out in the cargo hold of a car carrier owned and operated by NYK and managed by NYKSM. During firefighting operations, the vessel also collided with a small craft. This drill was part of the "Remember Naka-no-Se" safety promotion campaign and was executed in close cooperation with external stakeholders…

Japanese ocean-going shipping companies, NYK Line, MOL and "K" LINE, along with the Japanese Shipowners' Association (JSA), have begun discussions regarding the donation of a large-sized training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS).The move is recognition of the importance of training and securing highly skilled Japanese seafarers to maintain and further develop maritime transport.As identified in the report by the Ministry of Land…

Following the conclusion of the International Chamber of Shipping (ICS) Annual General Meeting and Board Meeting in Athens, which was opened by The Honorable Vassilis Kikilias, Minister of Maritime Affairs and Insular Policy, Hellenic Republic of Greece, the organization announced several major developments, marking a pivotal moment for global maritime leadership.The board of ICS unanimously recommended John Denholm CBE as the successor to current Chairman, Emanuele Grimaldi. Mr. Denholm will take up the role following the conclusion of Mr. Grimaldi’s term at the ICS AGM in June 2026. Mr.

Imabari Maritime Fair, "Bari-Ship 2025" is schedule to be held from May 22- 24, 2025 at Texport Imabari (Imabari, Japan)."Bari-Ship" is the largest international maritime exhibition in Western Japan, held every two years in Imabari, Japan’s leading maritime city. The event serves as a venue for maritime industry professionals from not only Japan but around the world to gather, engage in business matching, and exchange information.This year's exhibition will be the largest ever…

The China Shipowners' Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen by Reuters on Thursday.U.S. President Donald Trump's administration aims to partially pay for an American shipbuilding comeback with those fees, according to a draft executive order seen by Reuters.The CSA's members include China's COSCO Shipping, which is expected to be among the hardest hit by the fees proposed by the U.S.

Germany’s maritime industry is proving resilient amid global economic uncertainty and shifting geopolitical priorities. At the annual conference of the German Shipowners' Association (VDR), statistics underscore the sector's role in securing trade, employment, and economic stability. Despite mounting challenges, German merchant shipping remains a powerhouse—supporting nearly half a million jobs and ensuring the steady flow of essential goods into and out of the country.A Maritime PowerhouseGermany boasts a fleet of 1,764 ships, ranking it seventh among global merchant shipping nations.

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.Beijing's emphasis on the role of Hong Kong in serving Chinese security interests and growing U.S. scrutiny of the importance of China's commercial fleet in a possible military clash…

The European Community Shipowners’ Associations (ECSA) has welcomed the Bulgarian Shipowners Association as a full member as of January 1, 2025.The Bulgarian Shipowners Association (BSA) becomes the 22nd member of ECSA.“We are proud to welcome the Bulgarian Shipowners Association as a new member of ECSA. The new association extends the geographical scope covered by our membership, brings additional expertise and knowledge, and further strengthens the position of European Shipowners in Brussels…

The International Chamber of Shipping (ICS), the Transport and Logistics Bureau of the Government of Hong Kong, the Hong Kong Shipowners Association and the Hong Kong Maritime and Port Board, convened for a trade summit on November 18.The Hong Kong Global Trade Summit drew nearly 300 delegates from 28 countries, including ministers and senior policymakers from 12 nations, the European Commission and international organisations and CEOs of companies from the maritime value chain.The Summit addressed the challenges facing maritime trade including growing political tensions…

Lucas Vos is stepping down as President, Stolt Tankers effective July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, while Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers.Ms. Schroeder has held the position of Managing Director, Shipowning, at Stolt Tankers since 2022, and prior to joining as Fleet Director in 2019, was Head of Technical at Vroon B.V. She has also held fleet management positions with Exmar, Euronav and Germanischer Lloyd.

The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy – where Rajvanshy will continue to manage the technical…

The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.The roll-on/roll-off vehicle carrier was seized on November 19.“The 25 seafarers who make up the crew of the Galaxy Leader are innocent victims of the ongoing aggression against world shipping…

BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from January 1, 2024.Ivø joined BIMCO in early 2022 to lead the Contracts & Support department. Prior to working at BIMCO, Ivø headed the claims department of marine insurer Skuld (Copenhagen), worked at Danish Shipping (formerly known as the Danish Shipowners’ Association) and as a lawyer at Gorrissen Federspiel’s department for Shipping/Offshore/Transportation. She holds a PhD in international company law and a Master of Laws…

Angad Banga of the Caravel Group was elected as new Chairman of the Hong Kong Shipowners Association (HKSOA). He succeeded Wellington Koo, of Valles Steamship Co., Ltd, who stepped down after completing his two-year term as Chairman of the HKSOA.Banga has also taken over the Chairmanship of Asian Shipowners’ Association (ASA) at the same time. Banga’s tenure as Chairman of ASA will come to an end on the day of ASA’s next AGM to be held in Hong Kong on 28 May 2024.

Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang Yongxin of China Merchants Energy Shipping Company Limited were re-elected as the Vice Chairmen.Koo…

The Bahamas Maritime Cadet Corps (BMCC), which was first established by The Bahamas Ministry of Transport in 2004 to introduce high school students to employment opportunities in the maritime sector and build national capacity, said more graduates than ever this year have chosen to enter a career in shipping related industries.Many of this year’s 97 graduating students are opting to join the Royal Bahamas Defence Force or are considering further maritime education. A large number…