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

DOF Subsea

January 17, 2022

DOF Subsea is pleased to inform that a key Renewables Client has awarded an extension to an ongoing subsea Construction contract in the North Sea....
Read More
libya

January 17, 2022

Libya’s oil production has picked up again after a blockade of its western fields ended and ports in the east reopened, according to the OPEC...
Read More
suez

January 17, 2022

A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of...
Read More
DSME

January 17, 2022

Europe’s rejection of Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding Marine & Engineering has scuppered what would have been a major step toward consolidation in...
Read More
HHI_Credit_Bloomberg

January 17, 2022

Hyundai Heavy Industries’ proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world’s biggest shipbuilder was hit with an EU...
Read More
Gibson

January 17, 2022

For tankers, it feels like every other shipping sector has experienced some form of super cycle over the past 12-18 months. (more…)
Read More
containership

January 17, 2022

All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to record...
Read More
soybeans

January 17, 2022

China’s soybean imports in 2021 fell from the previous year, the first annual drop since 2018, customs data showed on Friday, depressed by weakening demand...
Read More
Stena Perros

January 17, 2022

Concordia Maritime has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an...
Read More
SSY

January 17, 2022

Simpson Spence Young (SSY), the largest independent shipbroker in the world has today announced the acquisition of Anchor Shipbroking Inc. (more…)
Read More
Thetis Glory

January 14, 2022

Avance Gas Holding Ltd have entered a contract to sell the 2008-built VLGC Thetis Glory with delivery in February after her current voyage. (more…)
Read More
ningbo

January 14, 2022

Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port. (more…)
Read More
KSOE

January 14, 2022

Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in...
Read More
Ships stand under construction in the dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Tuesday, Nov. 10, 2015. Shipbuilding has been central to South Korea's economy since the 1970s. Ships accounted for 8.5 percent of the country's total exports through June 20 of this year, according to the trade ministry. Photographer: SeongJoon Cho/Bloomberg

January 14, 2022

The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified natural...
Read More
eu-flag

January 14, 2022

European Commission proposals to bring shipping into the bloc’s carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes...
Read More