Maersk and Scorpio Tankers American-Flagged Vessels Transit Strait of Hormuz

Reuters reports that an oil tanker owned by Scorpio Tankers has become the second US-flagged vessel to exit the Middle East Gulf under the protection of the US "Freedom Plan," following a Maersk-operated car carrier.

Reversal! HMM Union Drops Opposition, Headquarters Relocation to Busan Confirmed

On May 4, the HMM labor union signed an agreement with management, formally abandoning its opposition to the headquarters relocation plan and consenting to the company's move from Seoul to Busan.

Five Major Shipping Lines Have Over 30 Vessels Trapped in the Strait of Hormuz

According to data from Sea Explorer, as of April 28, 2026, the world's top five container liner companies had deployed a combined total of 34 vessels within the Persian Gulf region, reflecting a high concentration of capacity by major carriers in the area

COSCO SHIPPING Holdings Achieves RMB 5.877 Billion in Net Profit Attributable to Parent Company in Q1 2026

​In April 2026, COSCO SHIPPING Holdings released its first-quarter report for 2026.

VLCC Idle Rate Climbs to 55%! Tanker Owners Grapple with Scarcity of Physical Cargoes

Recent data reveals a sharp increase in the number of idle crude oil tankers globally.

COSCO SHIPPING Energy: Acquires 100% Equity of Dalian Investment; Q1 Net Profit Soars by 206.7%

On April 27, Cosco Shipping Energy released several announcements.

China's largest domestically built LNG carrier delivered

According to a report by China Central Television (CCTV), at 10:50 a.m. on April 26, the "Georgetown," the country’s first domestically designed and built 180,000‑cubic‑meter liquefied natural gas (LNG) carrier, was delivered at the China Merchants Heavy