20

Mar

MSC Formalizes Tie-Up With Tanker Giant Sinokor After Massive VLCC Buying Spree

The Mediterranean Shipping Company (MSC) is set to gain joint control of South Korea's Sinokor Maritime, marking a formalization of a relationship that has att...

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20

Mar

Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher

This week, the Drewry World Container Index (WCI) went up by 2%, reaching $2,172 for a 40-foot container. This marks the third week in a row that the index has...

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20

Mar

Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years

DUBAI/DOHA, March 19 – Iranian attacks have severely affected Qatar's liquefied natural gas (LNG) export capacity, reducing it by 17%. This disruption is expec...

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20

Mar

U.S. May Remove Sanctions on Iranian Oil Stranded at Sea

WASHINGTON, March 19 - The U.S. might soon lift sanctions on Iranian oil currently stuck on tankers to boost global supply and lower prices, according to U.S....

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20

Mar

Second Strike? Safeen Prestige Reported Burning Near Hormuz

A containership that was previously involved in one of the deadliest incidents in the Strait of Hormuz crisis may have experienced another attack, as initi...

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20

Mar

Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum quickly addressed rumors that the government might restrict energy exports. They released...

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20

Mar

UN Shipping Body Pushes ‘Safe Maritime Corridor’ Plan to Evacuate Ships Trapped West of Hormuz

The UN International Maritime Organization (IMO) is working to create a safe-passage plan for commercial shipping in the Strait of Hormuz. This move comes as t...

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20

Mar

Trump’s Greenland Hospital Ship Arrives at West Coast Shipyard as Humanitarian Mission Narrative Fades

The U.S. Navy hospital ship USNS Mercy has reached Vigor's shipyard in Portland, Oregon, as confirmed by the latest Automatic Identification System (AIS) data....

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20

Mar

Damen launches tenth Island Class ferry for BC Ferries

A ceremony was held at Damen Shipyards Galati in Romania to launch the tenth Island Class ferry, built for BC Ferries. These ferries operate along Canada’s wes...

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