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

Samsung_Evergreen

October 8, 2019

Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Tuesday it has secured a US$920 million order to build six of the world's...
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Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

October 8, 2019

Trafigura, a market leader in the global commodities industry, announced the closure of its new Syndicated Revolving Credit Facility and Term Loan Facilities at USD1.5...
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Occidental

October 8, 2019

Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three shipping...
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rig

October 8, 2019

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build...
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eagle

October 8, 2019

Eagle Bulk Shipping announced that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, closed on a USD 34.3 million incremental term loan under...
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nakilat

October 8, 2019

Nakilat has acquired the full ownership of four Q-Flex liquefied natural gas (LNG) carriers from its joint-venture partner, International Seaways, Inc. (“INSW”) following execution of...
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LNG

October 8, 2019

With Europe’s natural gas consumption damped by mild weather, some tankers are turning away in search of new markets because there’s not enough room to...
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Panamax-bulk-carrier

October 8, 2019

The Baltic Exchange’s main sea freight index edged higher on Monday, as a rise in panamax vessel demand offset declines in both the capesize and...
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Marinakis-Capital

October 7, 2019

Capital Maritime & Trading is reportedly ready to finalize an agreement for new orders with Korean shipbuilder Hyundai Heavy Industries. (more…)
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Panama Canal

October 7, 2019

The Panama Canal announced the transit of Princess Cruises' Island Princess, marking the beginning of what is expected to be a busy cruise season. (more…)
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containership

October 7, 2019

Shipping association Bimco has submitted a new proposal on regulating ships’ power to the International Maritime Organization (IMO) working group. (more…)
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Gibson

October 7, 2019

With most crude tanker markets surging to multi-year highs, many have questioned whether the clean sector should expect to experience the same fortunes. (more…)
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Exxon-Mobil

October 7, 2019

Exxon Mobil Corp banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the...
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FILE PHOTO: Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi, Texas, U.S. August 26, 2017. REUTERS/Adrees Latif/File Photo

October 7, 2019

Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday,...
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Subsea7

October 4, 2019

Subsea 7 announced the award of a sizeable contract by Shell for the Pierce depressurisation project, located approximately 160 miles offshore, east of Aberdeen. (more…)
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