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

Ships

May 17, 2019

The marine industry’s January 2020 shift to using very low sulfur fuel oil (VLSFO) to power ships worldwide will launch a one- to five-year disruption...
Read More
HHI_Credit_Bloomberg

May 17, 2019

Unionized workers at Hyundai Heavy Industries Co. staged a partial strike on Thursday to protest a plan to split up the company as part of...
Read More
Daewoo_DSME

May 17, 2019

Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, said Wednesday that its first-quarter net profit fell 13.7 percent from a year earlier...
Read More
Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012.  REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

May 17, 2019

A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according...
Read More
lng

May 17, 2019

Taiwan’s clean energy plan, low reliance on coal, uncertainty on the future of nuclear energy and rising electricity demand collectively signal higher LNG demand in...
Read More
Maersk safety day

May 17, 2019

APM Terminals Inland Services will be integrated into Maersk Logistics & Services from 1 August 2019, providing customers with seamless access to a wider range...
Read More
DFDS

May 16, 2019

DFDS has entered into an agreement with Attica Group to sell a freight ferry (ro-ro), Anglia Seaways, built in 2000 with a freight capacity of...
Read More
Seaspan

May 16, 2019

Seaspan announced the closing of its new $1.0 billion portfolio financing program. (more…)
Read More
Economou

May 16, 2019

DryShips, a diversified owner and operator of ocean going cargo vessels, announced its unaudited financial and operating results for the quarter ended March 31, 2019....
Read More
Triton_Containership_Panama Canal

May 16, 2019

The containership Triton has completed a trial transit in the Panama Canal. This is a new record transit in terms of size and container cargo...
Read More
The Angleviken Maltese oil tanker sails offshore Saint-Nazaire, western France, on March 10, 2016.   / AFP / LOIC VENANCE        (Photo credit should read LOIC VENANCE/AFP/Getty Images)

May 16, 2019

Russia’s efforts to resolve an unprecedented oil-contamination crisis suffered a setback as the nation loaded another tainted cargo from a port in the Baltic Sea,...
Read More
US_Iran

May 16, 2019

U.S. officials believe Iran encouraged Houthi militants or Iraq-based Shi’ite militias to carry out Sunday’s attacks on four tankers near the Strait of Hormuz, two...
Read More
Trump

May 16, 2019

US President Donald Trump has suggested the Federal Reserve could support the US in its simmering trade battle with China. (more…)
Read More
SCF

May 16, 2019

PAO Sovcomflot (SCF Group), a world leader in energy shipping and offshore services to the oil and gas industry, reported its results for the first...
Read More
Klaveness_Combination_Carriers

May 16, 2019

Subsequent to the successful completion of a private placement with gross proceeds of NOK 350 million, and an additional overallotment of about 5%, Klaveness Combination...
Read More