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Trade & Logistics

10 November 2026

South Korea clears Sinar Mas takeover of Hyundai LNG Shipping

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Source reporting: Splash247

South Korea clears Sinar Mas takeover of Hyundai LNG Shipping

South Korea has given conditional approval for the sale of Hyundai LNG Shipping to Indonesia’s Sinar Mas Group, removing the final regulatory hurdle in a deal that has been held up for months by national energy security concerns. The Ministry of Trade, Industry and Energy has completed a foreign investment security review, approving the transaction …

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Source: Splash247

10 November 2026

The dirty secret of shipping’s clean hull ambitions

Hull fouling drives up fuel bills and emissions, yet ports increasingly restrict the very cleaning operations needed to tackle it. The missing piece is a global network of places where ships can safely get cleaned. Alex Byelyavtsev explains. A dirty hull burns more fuel. Cleaning reduces resistance and emissions.

Source: Container News

10 November 2026

Get your data in order and set a course for greener shipping

There is cause for optimism in the shipping sector, and we are seeing more and more initiatives aimed at making shipping greener. Shipowners are now far more willing to reduce emissions from ships than they were just a few years ago. That said, we must also acknowledge that the shipping industry has a data problem, which means shipowners are not getting the insights needed to accelerate the green transition. In the coming weeks alone, there are two events worth keeping an eye on. From 23 to 27 November, the IMO’s working group known as ISWG-GHG 23 will continue its discussions on a global Net-Zero Framework – that is, proposals for common, global climate rules designed to steer the shipping industry towards net-zero emissions by 2050.

Container NewsRead original
Source: Container News

10 November 2026

Container freight rates weaken as WCI and FBX extend declines

Global container freight rates remained under pressure in the latest weekly assessments, with Drewry’s World Container Index (WCI) and the Freightos Baltic Index (FBX) recording further declines, while Chinese freight benchmarks and individual trade lanes showed contrasting movements. Drewry’s WCI decreased 1% to US$4,389 per 40-foot container, while the FBX Global Container Freight Index fell 2% to US$3,452. Both benchmarks declined for a second consecutive week, following the increases recorded earlier in October. Meanwhile, the China Containerized Freight Index (CCFI) rose 2. 28%, contrasting with declines in the Shanghai Containerized Freight Index (SCFI) and Ningbo Containerized Freight Index (NCFI).

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Source: Splash247

10 November 2026

Best Oasis becomes second cash buyer to secure US sanctions clearance

Dubai-based ship recycling cash buyer Best Oasis has secured authorisation from the US Treasury’s Office of Foreign Assets Control (OFAC) to negotiate deals involving sanctioned vessels, becoming the second company after GMS to receive such approval. The development opens another potential route for removing ageing ships from the sanctioned fleet, which has expanded rapidly as …

Source: Splash247

10 November 2026

Poseidon Principles broadens industry engagement with new council

The Poseidon Principles has assembled an advisory council drawn from across the shipping industry, appointing Watson Farley & Williams managing partner Lindsey Keeble as its chair. The 16-member council includes Navios boss Angeliki Frangou, Seaspan chairman Bing Chen, Pacific Basin CEO Martin Fruergaard, Höegh Autoliners chief Andreas Enger and GasLog CFO Achilleas Tasioulas. Other prominent …

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