Brazilian mining major Vale has partnered with Shandong Shipping Corporation to introduce the world’s first large ethanol-powered Guaibamax bulk carriers.
South Korea’s leading shipbuilder HD Hyundai has introduced a new half-ship construction model to expand yard capacity and manage its record orderbook, – marking the first time the country’s shipbuilding industry has split full vessel construction between two shipyards at this scale.
Iranian officials said the vessel was targeted over alleged links to Israel and caught fire after the attack, but no independent maritime authorities have confirmed the incident.
Chinese Port State Control (PSC) authorities sharply increased detentions of Panama-flagged ships in March 2026, raising industry concerns about possible political pressure on inspections.
A Taiwanese court has ordered a Chinese ship captain to compensate Chunghwa Telecom with about $560,000 after a cargo vessel damaged the Tai-Peng No. 3 subsea cable in the Taiwan Strait.
A fully laden VLCC Al Salmi, operated by Kuwait Petroleum Company, caught fire after an Iranian strike at anchorage off the coast of Dubai early Tuesday, raising concerns about possible environmental risks and regional shipping security.
At least nine migrants lost their lives and 45 remain missing after a vessel carrying roughly 320 people sank off the coast of Djibouti. The accident occurred late on March 24 near the northern coastal area of Ombok. Rescue efforts are still underway.