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UN Agency Pauses Ship Evacuations in Strait After Attack
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A United Nations agency halted plans to evacuate ships from the Persian Gulf through the Strait of Hormuz on Thursday following an attack on a merchant vessel off the coast of Oman. The incident occurred after several tankers used a new route backed by the agency. A U.S. official identified the attacker as an Iranian drone.
Eight more South Korean-operated vessels have exited the Strait of Hormuz after last week's ceasefire agreement between the United States and Iran.
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India recycled 2.99 million gross tonnes of ships in 2025, securing a 35.4% global share and becoming the world leader ahead of the 2030 target.
Himalaya Shipping Ltd. released its slide deck for the 2026 first quarter earnings call.
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Researchers say that cargo ships fitted with wind propulsion systems could reduce their energy use by 50 to 100 per cent if they adjust routes and speeds to take full advantage of favourable winds.
South Korea's largest shipping company HMM has received shareholder approval to relocate its headquarters from Seoul to Busan. The move follows a labor agreement and is set for completion by year-end.
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China has launched a massive electric cargo ship featuring a battery system comparable in scale to hundreds of electric cars. Solar panels on the vessel support its onboard electrical loads. The development marks a significant step in maritime electrification.
Japan-owned vessel passed through Strait of Hormuz on Friday
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