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October 14, 2025
State-run news agency Xinhua reports that a Chinese container ship completed a pioneering voyage through the Arctic and into a UK port. This journey cut in half the transit time of the electric vehicles aboard the ship, as well as the solar panels, which were destined for Europe.
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August 28, 2025
Singapore's Temasek, the state-owned investment company in Singapore, announced a major restructuring of its operations on Thursday. This is one of the biggest structural changes it has seen in its 51 year history. STRUCTURAL CHANGES In 2011…
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August 27, 2025
HD Hyundai Heavy Industries of South Korea, the largest shipbuilder in the world, announced on Wednesday its intention to merge with HD Hyundai Mipo, as it aims for a larger share of the U.S. market. The company stated that it hopes to lead U.S.
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August 26, 2025
Singapore's Keppel initiated arbitration proceedings on Tuesday against the local shipbuilder Seatrium over a S$68.4million ($53.33million) claim relating to a Brazilian corruption crackdown. Seatrium made a provision of S$82.4m in 2022 to pay Keppel for claims relating to Operation Car Wash…
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April 8, 2025
U.S. trade representative Jamieson Greer informed lawmakers on Tuesday that the proposed multimillion dollar fees for Chinese-built vessels docking at U.S. port may not be implemented in full and they might not be cumulative. Greer said at a…
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February 20, 2025
According to calculations based upon data from industry sources, the offline primary oil refinery capacity of Russia in February has been revised up by 82% compared to what was originally planned for this month. In February, idle primary oil…
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December 25, 2024
The owner of the Russian cargo vessel Ursa Major, which sank into the Mediterranean Sea on Wednesday, said that the ship was a victim of an "act of terrorism". This statement came from the state news agency RIA. Two of the 16 crew members were reported missing after an explosion in the engine room.
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November 7, 2024
ADNOC Logistics & Services has signed contracts for $4.4 billion in order to build 23 supertankers that will transport ethane and ammonia, as well as liquefied gas. This was reported by the UAE state news agency on Thursday. ADNOC CEO Abdulkareem Al Masabi stated that the company…
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September 25, 2024
In a filing with the South Korean regulatory authorities, Hanwha Ocean announced that it had halted negotiations to buy Austal, an Australian shipbuilder. Austal announced in April that it had turned down a takeover bid of A$1.02 Billion ($701,35 Million) because the Australian and U.S.
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September 20, 2024
The regional governor of Odesa said that a Russian missile attack has damaged port infrastructure in Odesa and a civilian vessel flying the flag of Antigua. Governor Oleh Kiper announced on Telegram that four people were injured by the strike.
