A ceasefire, as well as peace and stability, in the Gulf region are the fundamental prerequisites for keeping the international shipping route safe and unimpeded, a spokeswoman for China’s Foreign Ministry has said. Mao Ning made the remarks after United States...

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Mark O’Neil, CEO of Columbia Group, has questioned whether the shipping industry is heading for a wider crewing shortage as conflict in the Middle East, fuel disruption in the Philippines and rising repatriation costs place growing strain on global crewing. In Mr...

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Drewry’s World Container Index was unchanged at $2,287 per 40ft container this week. The Drewry World Container Index (WCI) remained stable at $2,287 per 40ft container, with rates holding steady on the Asia–Europe and Transpacific trade routes. Rates on Asia–Europe...

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Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%. Although it stated the purchase was for a simple investment purpose, it is interpreted as reflecting expectations for improved industry conditions...

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Scorpio Tankers Inc. announced that it has entered into a strategic collaboration with AMPERA, Inc. (“AMPERA”) to jointly develop and commercialize advanced micronuclear power solutions for marine, shipping and related maritime applications. This strategic...

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The emergence of Guinea’s Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne iron ore market. According to Wood Mackenzie, this project is set to be the primary catalyst for long-term supply growth. Wood...

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