Currently, Indian refiners charter foreign vessels for their requirements. However, an indigenous fleet is expected to provide support during times of turmoil ....
In a busy week for HMM’s expansion plans, South Korea’s flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m ... .
The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates ... .
SEOUL (Reuters) -South Korean police and LabourMinistry officials raided on Thursday the shipyard of Hanwha Ocean in Geoje in the southeast of the country after the death of a worker, the Yonhap News Agency reported. Read full story ... .