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

China_and_US

October 14, 2019

The U.S. and China reached a partial agreement Friday that would broker a truce in the trade war and lay the groundwork for a broader...
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VLCC-tanker

October 14, 2019

Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new...
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Qatargas

October 14, 2019

South Korean shippers are considering joining hands to win massive liquefied natural gas (LNG) transportation orders to be placed by Qatar, industry sources said Sunday....
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crude oil export korea

October 14, 2019

Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from...
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supertanker

October 14, 2019

Without a doubt, the key driver of the growth in crude tanker demand this year has been US crude exports. (more…)
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An undated picture shows the Iranian-owned Sabiti oil tanker sailing in Red Sea. National Iranian Oil Tanker Company via WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY

October 13, 2019

Leakage of cargo from an Iranian-owned oil tanker apparently hit by missiles in Red Sea waters off Saudi Arabia has been stopped as it heads...
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Vogel-Eagle-Bulk

October 11, 2019

Eagle Bulk, one of the world’s largest owner-operators within the Supramax / Ultramax segment, announced that it has taken delivery of the fourth of six...
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Diana Shipping

October 11, 2019

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into...
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Capesize_ships

October 11, 2019

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a two-week high on Thursday, as vessel rates...
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dry bulk

October 11, 2019

Short period (3-5 months) and two-laden-leg fixtures have dried up in the Atlantic dry bulk markets, as shipowners seek to minimize risk ahead of the...
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Piraeus_cruise_port_16x9

October 11, 2019

The Piraeus Port Authority (PPA S.A.) announces that the Committee of Planning and Development of Ports (ESAL) approved investments amounting to € 611.8 million, which...
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Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, Merch 13, 2017.  Picture taken March 13, 2017.  REUTERS/Paulo Whitaker

October 11, 2019

Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya...
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BIMCO_

October 11, 2019

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. (more…)
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marshall-islands_big

October 11, 2019

At the European Union (EU) Economic and Financial Affairs Council (ECOFIN) meeting in Brussels this morning, it was announced that the Republic of the Marshall...
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Shipping-emissions

October 10, 2019

EU climate commissioner-nominee Frans Timmermans plans to target shipping, aviation and road transport to cut EU CO2 emissions by 2030 more quickly than currently agreed,...
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