Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Countries propose safe corridor to free 20,000 seafarers stranded in Gulf
    Headlines

    Countries Propose Safe Corridor to Free 20,000 Seafarers Stranded in Gulf

    Published by Global Banking & Finance Review®

    Posted on March 18, 2026

    2 min read

    Last updated: March 18, 2026

    Countries propose safe corridor to free 20,000 seafarers stranded in Gulf - Headlines news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsShippingGeopolitics

    Quick Summary

    A joint proposal by Bahrain, Japan, Panama, Singapore, and the UAE, supported by the U.S., seeks a “safe maritime corridor” via the IMO to evacuate around 20,000 seafarers stranded in Gulf ports amid escalating threats in the Strait of Hormuz. The plan seeks to safeguard lives and restore critical s

    Table of Contents

    • International Response to Gulf Maritime Crisis
    • UN Proposal for Safe Maritime Corridor
    • Details of the Proposal
    • Purpose and Aims
    • Impact of the Conflict on Seafarers
    • International Involvement and Security Measures
    • Iran's Position and Ongoing Developments

    UN Backs Plan to Free 20,000 Seafarers Stranded by Gulf Conflict

    International Response to Gulf Maritime Crisis

    By Jonathan Saul

    UN Proposal for Safe Maritime Corridor

    LONDON, March 18 (Reuters) - A proposal from the UN's shipping agency on Wednesday calls for a safe maritime corridor to free some 20,000 seafarers stranded in the Gulf by war in Iran.

    Hundreds of vessels have dropped anchor since Tehran threatened to attack ships attempting to leave the Gulf via the Strait of Hormuz.

    Details of the Proposal

    The proposal submitted by Bahrain, Japan, Panama, Singapore and the United Arab Emirates and backed on Wednesday by the United States called for "a framework such as a safe maritime corridor".

    It was submitted at a meeting of the UN's International Maritime Organization (IMO) governing council in London.

    Purpose and Aims

    "The purpose of this framework would be to facilitate the safe evacuation of merchant ships," it said. "This measure aims to protect the lives of seafarers."

    Impact of the Conflict on Seafarers

    At least seven merchant sailors have been killed due to the conflict, IMO Secretary-General Arsenio Dominguez told delegates.

    "They must not become victims of broader geopolitical tensions," he said, calling for de-escalation to allow the seafarers to leave the Gulf safely.

    International Involvement and Security Measures

    NATO countries are also looking at what can be done, Secretary General Mark Rutte said on Wednesday.

    U.S. President Donald Trump has asked nations to help police the strait to allow oil tankers and other vessels to pass in and out. The strait normally transports a fifth of the world's oil and liquefied natural gas.

    Iran's Position and Ongoing Developments

    Iran said in a separate submission to the IMO that Iranian authorities continued to provide humanitarian assistance and support to seafarers and vessels in the Gulf and strait.

    The IMO Council session continues on Thursday.

    (Reporting by Jonathan Saul; editing by Jason Neely)

    Key Takeaways

    • •About 20,000 seafarers (and 15,000 cruise passengers) are stranded in and around Gulf waters due to halted traffic through the Strait of Hormuz amid military threats (thenationalnews.com).
    • •A safe corridor proposal, presented at an IMO council meeting in London by five countries and backed by the U.S., aims to ensure orderly and secure evacuation of merchant vessels and protect the seafarers’ lives (yahoo.com).
    • •Major shipping lines have suspended Hormuz transits, and insurance premiums and war-risk costs have surged, intensifying the economic and operational strain on global trade (maritimenews.com).

    References

    • UN warns 20,000 sailors and thousands of cruise passengers stuck in Arabian Gulf | The National
    • Mideast war traps 20,000 seafarers, 15,000 cruise passengers in Gulf
    • Container Shipping Crisis: Hormuz Closure and Hapag-Lloyd-ZIM Merger - Maritime News

    Frequently Asked Questions about Countries propose safe corridor to free 20,000 seafarers stranded in Gulf

    1Why are seafarers stranded in the Gulf?

    Seafarers are stranded due to threats from Iran against ships leaving the Gulf through the Strait of Hormuz amidst ongoing conflict.

    2What is the proposed safe maritime corridor?

    The proposed corridor is a framework to facilitate the safe evacuation of merchant ships and their crews from the Gulf region.

    3Which countries support the safe corridor proposal?

    Bahrain, Japan, Panama, Singapore, and the UAE submitted the proposal, with support from the United States.

    4Why is the Strait of Hormuz significant?

    The Strait of Hormuz is a major route for global oil and liquefied natural gas shipments, transporting a fifth of the world's supply.

    5What has the UN's International Maritime Organization said about the crisis?

    The IMO stated that at least seven merchant sailors have been killed, and called for measures to protect seafarers from geopolitical tensions.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostTop Vatican Cardinal Urges Trump, Israel to End War 'as Soon as Possible'
    Next Headlines PostSpain to Move Iraq Troops Over Risks From Iran War, Defence Minister Says
    More from Headlines

    Explore more articles in the Headlines category

    Image for Saudi intercepts four ballistic missiles launched towards Riyadh ahead of foreign ministers' meeting
    Saudi Intercepts Four Ballistic Missiles Launched Towards Riyadh Ahead of Foreign Ministers' Meeting
    Image for Iceland could become EU member in 2028, minister says
    Iceland Could Become EU Member in 2028, Minister Says
    Image for ‘Not our war': Europe says no to Trump
    ‘Not Our War': Europe Says No to Trump
    Image for Top Vatican cardinal urges Trump, Israel to end war 'as soon as possible'
    Top Vatican Cardinal Urges Trump, Israel to End War 'as Soon as Possible'
    Image for Spain to move Iraq troops over risks from Iran war, defence minister says
    Spain to Move Iraq Troops Over Risks From Iran War, Defence Minister Says
    Image for Exclusive-Vance plans Hungary visit in show of support for Orban ahead of tight election, sources say
    Exclusive-Vance Plans Hungary Visit in Show of Support for Orban Ahead of Tight Election, Sources Say
    Image for UK security adviser was not part of final US-Iran talks, says Starmer's spokesperson
    UK Security Adviser Was Not Part of Final US-Iran Talks, Says Starmer's Spokesperson
    Image for Russia accuses the West of creating security threats for Moscow in the Arctic
    Russia Accuses the West of Creating Security Threats for Moscow in the Arctic
    Image for Israel steps up attacks on Gaza police as Hamas tightens grip
    Israel Steps up Attacks on Gaza Police as Hamas Tightens Grip
    Image for Iranian women's soccer team arrive back in Iran after some withdrew asylum claim
    Iranian Women's Soccer Team Arrive Back in Iran After Some Withdrew Asylum Claim
    Image for Damaged Russian LNG tanker has reached Libyan waters, Italy says
    Damaged Russian Lng Tanker Has Reached Libyan Waters, Italy Says
    Image for A decade after Brussels attacks, survivor still battling for health and payout
    A Decade After Brussels Attacks, Survivor Still Battling for Health and Payout
    View All Headlines Posts