AGP Executive Report
Last update: an hour agoFleet Decarbonization: The Philippines plans to trial electric ferries on Iloilo–Bacolod and hybrid vessels on Batangas–Calapan, aiming to cut fuel use, emissions and operating costs. Hormuz Security: A projectile struck the Kuwait-flagged tanker Al Dasma while it carried 21 Indian seafarers through the Strait of Hormuz; all crew were safe. Attacks and soaring Gulf shipping costs are adding pressure to energy trade. Sanctions: The U.S. Treasury targeted a Panama-based law firm and staff over alleged services to an Iranian shipping network, widening its crackdown on shadow-fleet facilitators. Maritime Cooperation: The North Bund Forum announced 20 shipping initiatives, including an IMO partnership on maritime training and green shipping. Trade Corridors: Kyrgyzstan says it will develop transport links, including the China–Kyrgyzstan–Uzbekistan railway, to strengthen its role as a regional logistics hub.
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