Trading companies and oil importers have deferred chartering for several tankers in the Persian Gulf and released those previously hired, prompting owners to seek employment elsewhere to maintain cash flow, several Asia-based shipping brokers, owners and charterers...

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ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.” The agreement forms a framework to...

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Kalmar has concluded an agreement to supply Opleidingscentrum voor Havenarbeiders (OCHA) – the training centre for port workers located in Antwerp, Belgium – with two Kalmar hybrid straddle carriers. The order was booked in Kalmar’s Q1 2026 order intake, with delivery...

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MSC Shipping (private company) will implement an emergency fuel surcharge on all cargo shipped from the Mediterranean and Black Sea to the Indian Sub-Continent, Red Sea and East Africa, the shipping company announced. The emergency fuel surcharge will take effect on...

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War, China and tariffs The eurozone economy is one of the most vulnerable to the Middle East war among the major economies. Although we anticipate that rising energy prices will be a temporary phenomenon, their negative impact is undeniable. At the same time, it’s...

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At least three Indian seafarers on board foreign-flagged vessels were killed and one was injured in the Middle East region, the Directorate General of Shipping said on Tuesday as it issued an advisory for maritime operators to assess voyage-specific risks, amid...

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