China’s Yangpu Zhongxin Shipping has signed a contract for five 114,000-dwt LR2 product tankers at Yangzhou Longhe Shipbuilding, according to an official Jiangdu district government account. The CNY2bn ($274m) contract, signed on April 11 in Yangzhou, marks a decisive...

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MSC Mediterranean Shipping Company has completed a transfer of ownership from founder Captain Gianluigi Aponte to his children Diego and Alexa Aponte in the last quarter of 2025, according to the company. The move formalises a generational shift at the Geneva-based...

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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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