The Wire

This page features all the latest news and developments in shipping, shipbuilding, offshore, dry bulk, tankers, gas carriers, ports as well as news for commodities and currencies.

The Wire

Fincantieri

April 3, 2020

The Board of Directors of Fincantieri, chaired by Giampiero Massolo, has approved the Consolidated financial statements at December 31, 2019, the draft financial statements of...
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ven

April 3, 2020

Greek health authorities monitoring the 383 passengers and crew on a ferry that is in quarantine off the coast of Piraeus on Thursday said that...
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keppel

April 3, 2020

About 100 Keppel Shipyard personnel who had "direct contact" with a cluster of COVID-19 patients linked to the shipyard have been placed on a 14-day...
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DSME

April 3, 2020

EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo while waiting for the...
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oil

April 3, 2020

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a...
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IMO Secretary-General Kitack Lim

April 3, 2020

IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers, port personnel and...
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LR2

April 3, 2020

Asian Long Range II tanker premiums over the LR1s on the Persian Gulf-UKC route hit a record high of $1.5 million Wednesday as the rates...
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crude oil export korea

April 3, 2020

Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war,...
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Gaslog

April 3, 2020

GasLog took delivery of the GasLog Windsor, a 180,000 cubic meter cargo capacity LNG carrier with X-DF propulsion and Mark III Flex containment system. (more…)
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DHT-funnel-and-logo

April 2, 2020

DHT Holdings announced time charters for six of its VLCCs. (more…)
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DSME

April 2, 2020

Daewoo Shipbuilding and Marine Engineering (DSME) received an order for a very large crude oil carrier (VLCC) from Pan Ocean. (more…)
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port

April 2, 2020

South Africa’s ports remain open to all types of cargo despite a nationwide 21-day lockdown though essential goods should be prioritised, the Department of Transport...
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bp-atlantis-offshore-platform

April 2, 2020

Several workers on a BP Plc oil platform in the U.S. Gulf of Mexico have tested positive for coronavirus, the company said on Wednesday, a...
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tanker

April 2, 2020

Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites...
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VLCC

April 2, 2020

The VLCC market continues to full speed ahead. MEG/China now done a couple times at W210, one by a Shell relet named "Advantage Value, which...
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