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The Wire

Panama Canal Shippers Paying Upwards of $3 Million to Cross

Shippers are having to pay record amounts if they want their carriers to beat a logjam of vessels waiting to cross the drought-affected Panama...

Transocean Announces $222 Million Ultra-Deepwater Drillship Contract

Transocean announced that Oil and Natural Gas Corporation Ltd awarded the Dhirubhai Deepwater KG1 a binding Notification of Award for work offshore India. The 21-month...

Iron ore jumps to five-week high on improved China data, stimulus

Iron ore futures rallied on Thursday to their highest in five weeks, underpinned by better-than-expected economic data and the latest batch of stimulus measures...

Global rice exports could fall 4% due to India’s export restrictions

Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply. Replacing...

Decline in bigger vessels drags Baltic index to monthly dip

The Baltic exchange’s main sea freight index tracing rates for ships ferrying dry bulk commodities recorded its first monthly decline in three months on...

DP World acquires 58% stake in Evyap Port

DP World and Turkey’s Evyap Group will form a strategic equity partnership between DP World Yarimca Port and Evyap Port. The partnership aims at bolstering...

OceanPal Becomes Strategic Partner In Two 6,600dwt Methanol-Ready Chemical Tanker Newbuildings

OceanPal, a global shipping company specializing in the ownership of vessels, announced that the Company agreed to become a strategic partner and invest in...

Maersk Marks 1st European Green Methanol Bunkering in Rotterdam

The port of Rotterdam has for the first time refuelled a methanol-powered container ship as the shipping industry turns to the technology to cut...

Golden Ocean Reports Second Quarter Net Income of $34.9 Million

Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, announced its un-audited results for the quarter ended June...

S. Korean shipbuilding stocks rebound

South Korean shipbuilding stocks managed to rebound Monday after weeks of decline as investors perceive prices are too low considering expectations for improved third-quarter...

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Ocean Yield AS announces half yearly financial reports and audit reports

Ocean Yield AS announces results for the first quarter 2026. HIGHLIGHTS EBITDA for Q1 2026 was USD 47.3 million and Adjusted EBITDA was USD 82.3 million. Net...

CMB.TECH Announces Q1 2026 Results: Firing On All Cylinders

CMB.TECH reported its unaudited financial results for the first quarter ended 31 March 2026.

Genco Sends Letter to Shareholders from Chairman and CEO John Wobensmith

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, sent a letter to Genco shareholders...

Diana Shipping Cautions of Significant Downside Risk in Genco’s Share Price

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Okeanis posts strong profit in 1Q2026

Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the first quarter of 2026. Financial performance of the First Quarter Ended March 31,...

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping...

MSC Cruises: Focus on cruise development in Rhodes and the Dodecanese

MSC Cruises and Explora Journeys hosted an event aboard the luxury cruise vessel EXPLORA...

New ship recycling joint venture established in Bahrain

Bahrain's Arab Shipbuilding and Repair Yard (ASRY) and Indian ship recycling company the Priya...

Norway joins EU’s Baltic Sea Region cooperation amid greater security focus

Norway said on Monday it has joined the European Union's Strategy ​for the Baltic...

IMO Maritime Safety Committee convenes in London to discuss safety and security of international...

IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee of...

PPA hosts Georgian delegation to explore cooperation in ports and logistics infrastructure

Piraeus Port Authority (PPA) welcomed a delegation from Georgia, headed by Tamar Ioseliani, who represented Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili. Ioseliani...

MBS Logistics to be acquired by AD Ports Group

MBS Logistics Group has entered into a binding agreement to be fully acquired by AD Ports Group on 18 May 2026. The transaction covers...

Port of Thessaloniki: Investment in Pier 6 remains on track

According to the management of Thessaloniki Port Authority (ThPA), the expansion project of Pier 6 is progressing as planned and is expected to be...

Israeli port and shipbuilding industry high-level delegation visits Piraeus Port Authority

A high-level meeting focusing on Eastern Mediterranean geopolitical developments and the emerging India–Middle East–Europe Economic Corridor (IMEC) was held at the Port of Piraeus...

APM Terminals Japan signs agreement to decarbonise operations in Yokohama

APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement with FPS Inc., sourcing renewable electricity to...