Maersk CEO: $500 Million Monthly Fuel Bill "Fully" Passed on to Customers

Maersk CEO Vincent Clerc stated on May 7 that since the outbreak of the US-Iran conflict, the group's monthly fuel bill has doubled to $500 million.

Port Giant Enters Shipping War Risk Insurance Market

DP World has recently launched a cargo war risk insurance solution designed to address the escalating disruptions along Middle East trade routes.

Foreign Ministry Confirms Chinese Crew Members on Board Vessel Attacked in Strait of Hormuz

Foreign Ministry: China is deeply concerned about the large number of vessels and crew members trapped in the Strait of Hormuz as a result of the conflict

Banned! Taiwan Region Bulk Carrier Accused of Underpaying Seafarers

The Australian Maritime Safety Authority (AMSA) has imposed a ban on the bulk carrier FPMC B Forever, prohibiting it from entering Australian ports or waters until July 28, 2026.

Daughter of Cao Dewang Names World's First 24,000 TEU Methanol Dual-Fuel Containership

On May 8, the world's first 24,000 TEU methanol dual-fuel containership, built by Nantong COSCO KHI Ship Engineering (NACKS) for Orient Overseas Container Line (OOCL), was officially named OOCL Wisdom in Nantong.

DNV: 38 Alternative-Fueled Vessel Orders Recorded in April

According to the latest data from DNV's Alternative Fuel Insights (AFI) platform, 38 new orders for alternative-fueled vessels were recorded globally in April 2026.

China's First Crowdfunded Research Vessel "Haiying Jiake" Launched

On May 5th, the "Haiying Jiake," China's first 3,500-ton class comprehensive oceanographic research vessel fully funded, built, and operated with private capital, was successfully launched in Wenling, Taizhou.