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

Bird's Eye view of APL terminal in Port of L.A./Long Beach.

January 24, 2020

The Port of Long Beach navigated a trade dispute with China, new technology and evolving trade routes in 2019, culminating in its second-busiest year on...
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gas

January 24, 2020

In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities...
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tanker

January 24, 2020

Chinese oil refiners are unlikely to boost their output of cleaner marine fuels until at least the second quarter of 2020 because they will need...
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TORM

January 24, 2020

TORM has entered into an agreement to purchase two scrubber-fitted and fuel-efficient LR2 newbuildings from Guangzhou Shipyard International (“GSI”) with expected delivery in the fourth...
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Diana_Shipping_Medusa

January 24, 2020

The Baltic Exchange’s main sea freight index fell to a near one-year low on Thursday, dragged by weaker demand across vessel segments. (more…)
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IMO_Logo

January 24, 2020

The International Maritime Organization said in a statement Tuesday that the transition to its global sulfur limit rule for marine fuels has been “relatively smooth.”...
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scrubbers

January 24, 2020

The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of...
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Stealthgas

January 23, 2020

StealthGas has acqired three LPG carriers from Hartmann Group. (more…)
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mcdermott

January 23, 2020

U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut...
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containership

January 23, 2020

Container-shipping companies, some of the biggest polluters of the world’s oceans, are managing to pass higher costs onto customers after switching to more expensive fuel...
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The Maersk's Triple-E giant container ship Maersk Majestic, one of the world's largest container ships, is seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, September 24, 2016. Picture taken September 24, 2016. REUTERS/Aly Song

January 23, 2020

The world’s largest container shipping line is hiking up a fuel surcharge that it imposes to transport boxloads of goods across the world’s oceans after...
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IMO Secretary-General Kitack Lim

January 23, 2020

At the World Economic Forum in Davos this week, IMO Secretary-General Kitack Lim is calling for renewed cooperation from all stakeholders to tackle the urgent...
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Fearnleys1

January 23, 2020

The VLCC market has bounced back after last week’s turmoil. (more…)
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2020-bulkers

January 23, 2020

The Baltic Exchange’s main sea freight index fell to its lowest since February on Wednesday, hurt by a seasonal slowdown in demand amid higher costs...
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tanker

January 23, 2020

The eight crew members of the Greek-flagged tanker Happy Lady – among them five Greek nationals – who had been abducted by pirates in an...
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