Mitsui O.S.K. Lines, Ltd. announced that it held a naming ceremony on September 10, 2026, at Hanwha Ocean Co., Ltd.’s Geoje Shipyard in South Korea for the world’s first LNG carrier that equipped with two units of Wind Challenger, Hard sail wind-assisted propulsion...

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The dry bulk market has seen a healthy rally to the best levels of the past five years. In its latest weekly report, shipbroker Xclusiv said that “the Capesize market has moved into territory not seen for almost five years, with the Baltic Exchange C5TC reaching USD...

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The U.S. Energy Information Administration raised its oil price forecasts for 2026 and 2027 on Wednesday, citing rapidly falling global stockpiles due to lost Middle Eastern supply from the ongoing Iran conflict. The agency now expects Brent crude oil to average...

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Former executives of Q88 have launched Vessel Fact, a maritime compliance and vessel data platform built on a single trusted vessel record. The company is led by Chief Executive Stephen Dudzic, who spent 15 years as Q88’s Chief Technology Officer, alongside Chief...

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Strike action is spreading across South Korea’s shipbuilding and steel industries, key pillars of the country’s manufacturing sector. Despite a surge in orders that has pushed operating rates above 100%, production disruption risks are mounting as labor and management...

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The Panama Canal Authority will run nine daily slots at the Neopanamax locks and 25 at the Panamax locks from September 4, averaging 34 transits per day. That falls again on September 15, when the limit drops to 32 ships. The canal had been averaging 35 daily transits...

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