The Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, has urged immediate global cooperation to secure the release of 44 seafarers currently being held captive by pirates and armed robbers in
Shares in Clarksons, the world’s largest shipbroking company, plummeted by more than 20% on Monday following a warning that rising geopolitical tensions are negatively impacting shipping deals. The London-listed company reported in
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An oil tanker and a cargo ship collided off the coast of eastern England on Monday, setting both vessels on fire and prompting a large-scale rescue effort, emergency services reported. The incident
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President Donald Trump has developed an intense focus on shipbuilding, even texting about rust issues late into the night, according to John Phelan, his nominee for Navy secretary. He has also floated
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A coalition of billionaire investors, including BlackRock CEO Larry Fink, infrastructure mogul Adebayo Ogunlesi, and Hong Kong tycoon Li Ka-shing, has orchestrated a $22.8 billion acquisition of key global ports—most notably, two
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OPEC+ has announced it will move forward with plans to increase oil production starting in April, a decision that caught markets off guard and led to a sharp drop in crude prices.
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In a significant development in global trade and investment, BlackRock announced on Tuesday that it has agreed to acquire two ports serving the Panama Canal from Hong Kong’s CK Hutchinson. This move
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Norwegian fuel giant Haltbakk Bunkers has reportedly refused to supply fuel to U.S. military ships and personnel stationed in Norway following the recent meeting between former President Donald Trump and Ukrainian President
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Finland has lifted the arrest of the oil tanker Eagle S, which had been seized in late December following accusations that it damaged the Estlink 2 power cable connecting Estonia and Finland.
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India’s crude oil imports from Russia witnessed a significant decline in February, reaching their lowest level since January 2023. The downturn follows the latest round of sanctions imposed by the United States
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Hong Kong billionaire Li Ka-shing’s CK Hutchison is at the center of renewed scrutiny after the U.S. President Donald Trump claimed that “China is operating the Panama Canal.” The remark has reignited
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