Wallenius Lines has agreed to acquire SOL Group’s shares in Wallenius SOL, becoming sole owner of the joint venture, according to the company. The transaction consolidates ownership under a single shareholder, tightening control over the company’s next development...

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The United States will begin blockading all maritime traffic entering and leaving Iranian ports from April 13, sharply escalating risk for commercial shipping in the Gulf, according to U.S. Central Command. The measure applies to vessels of all nations calling Iranian...

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South Korea’s three largest shipbuilders—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean and Samsung Heavy Industries—are set to deliver a sharp first-quarter earnings uplift as higher-margin vessel orders begin to dominate yard output, according to...

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Dutch wind-assisted propulsion specialist Econowind is pushing into the deepsea segment with a 30-metre 5-series VentoFoil suction wing for oceangoing vessels, according to Econowind. The unit, unveiled in Heeg, scales up the company’s 3-series platform as it targets...

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Caroline Pontoppidan has been elected chairwoman of Danish Shipping at the organisation’s annual general meeting, succeeding Torben Carlsen of DFDS with immediate effect, according to Danish Shipping. The appointment places a senior A.P. Møller – Maersk executive at...

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