Daily transits through the Strait of Hormuz average just 3 vessels, as Maersk imposes hefty surcharges

Maersk has announced a new $1,000 surcharge per container on all cargo carried by vessels transiting the Strait of Hormuz, marking the latest escalation in cost pressures facing the shipping industry since the escalation of U.S.-Iran tensions in late February.

Construction of the world's largest fully automated terminal is in full swing

Singapore is advancing one of the largest maritime engineering projects in the world—the Tuas Port development, which is set to become the world’s largest fully automated container terminal. When fully completed, it will cover an area of 1,337 hectares, equivalent to about 3,300 standard football pitches, with 66 berths and an annual handling capacity of 65 million twenty-foot equivalent units (TEUs).

Three Key Indicators Reach Record Highs as China's Shipbuilding Keeps Global Lead

On July 23, the Ministry of Industry and Information Technology released China's shipbuilding industry statistics for the first half of 2026. The data show that China's three major shipbuilding indicators all recorded substantial growth, with international market shares remaining globally dominant.

Shipowners who pay transit fees to Iran may face immediate termination of their vessel insurance!

Surge in Attacks Drives War Risk Insurance Rates to Record Highs in Key Middle East Chokepoints

Tugboat Captain Pleads Guilty: Negligent Collision Kills 3 Girls

One year after a shocking maritime tragedy in Biscayne Bay, Florida, that claimed the lives of three girls from a sailing camp, the case has reached a critical turning point. On Tuesday, July 21, the tugboat captain pleaded guilty in federal court, admitting that he violated basic maritime safety rules, leading to the preventable disaster.

Beibu Gulf Port Announces Major Senior Management Reshuffle

On July 24, 2026, Beibu Gulf Port Co., Ltd. (hereinafter referred to as "Beibu Gulf Port" or the "Company") issued an announcement regarding adjustments to its senior management personnel.

World's Largest! COSCO Shipping Specialized Carriers Helps Another Offshore "Power Heart" Settle In.

On July 23, COSCO Shipping Specialized Carriers' 65,000-tonne semi-submersible vessel "Xiang Tai Kou" successfully completed the float-over installation of the Sanshan Island 2GW offshore converter station in the waters off Yangjiang, Guangdong. With a total weight of nearly 30,000 tonnes for this float-over installation, the vessel once again set a new world record for DP float-over installation weight by a semi-submersible vessel, following its successful transport of the "Sea Wind Heart" converter station in June.