The IRGC Navy has rejected the IMO and Oman‑approved corridor, insisting that only Iran’s northern route is permitted

Lloyd’s List senior reporter Matthew Rajendra asks whether crews feel able to refuse transiting the Strait of Hormuz and contemplates what we’ve learnt from the crisis

Boston buyout firm Bain Capital will buy 51% of German engine maker Everllence, formerly MAN Energy Solutions

Ships will be grouped, scheduled and individually instructed on when and how to transit, with requirements to wait in designated holding areas, maintain communications and follow strict navigation and safety protocols

Iran says ships must only use Tehran-approved Hormuz routes, complicating an IMO-backed evacuation plan via Oman and US coordination

The deal has been signed with an unnamed European car manufacturer and will run from mid-2028 to mid-2031