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

cargill-office

September 3, 2020

ZeroNorth, the recent spin-off from Maersk Tankers, helps vessel owners and operators in the tramp shipping industry to reduce CO2 emissions and optimise earnings through...
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ice_ship

September 3, 2020

The Bering Sea ice cover during the winters of 2018 and 2019 hit new lows not seen in thousands of years, scientists reported on Wednesday,...
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vlcc

September 3, 2020

Global marine fuel 0.5% prices are expected to be capped by increasing supply and depressed demand from the retail sector in September as refiners continue...
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ships

September 3, 2020

The Baltic Exchange’s main sea freight index dropped on Wednesday, pressured by a dip in capesize and panamax vessel rates. (more…)
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iron_ore

September 3, 2020

Iron ore futures rose on Wednesday, bolstered by expectations of a further pickup in steel output and demand in China against the backdrop of an...
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shipping_maersk

September 2, 2020

Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne...
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ships

September 2, 2020

The Baltic Exchange’s main sea freight index dropped to its lowest in nearly one month on Tuesday, hit by declining rates for capesize and panamax...
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dvb-bank

September 1, 2020

DVB Bank Group presented half-yearly results for 2020. (more…)
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Genting HK

September 1, 2020

Cruise ship operator Genting Hong Kong has received indicative letters from private investors interested in investing in one of its cruise brands, the company said...
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Hyundai-Mipo

September 1, 2020

Hyundai Mipo Dockyard has won an order for two petrochemical product tankers from two separate owners. (more…)
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pdvsa

September 1, 2020

The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday,...
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Stolt-Nielsen

September 1, 2020

Stolt-Nielsen Limited announced that Stolt Tankers B.V. has agreed to acquire five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers...
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iron_ore_vessel

September 1, 2020

China is set to record another month of strong iron ore imports in August, helping to justify the ongoing resilience in the price of the...
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frontline-VLCC

September 1, 2020

Freight for the benchmark VLCC 270,000 mt Persian Gulf-China route tumbled to w29.5 on Aug. 28, marking the first time the route fell below the...
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NORD LB

August 31, 2020

In the first half of 2020, NORD/LB achieved earnings before taxes of 6 million euros. Consolidated net income after taxes was 4 million euros. After...
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