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The Wire

G-7 Negotiators Put Russia Oil Price Cap on Agenda for Leaders

Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders...

Germany Could Repurpose Nord Stream 2 Pipeline For LNG Use

The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on...

U.S. Port Backups Are Extending Into Freight Rail Supply Chains

Port bottlenecks that have tied up U.S. supply chains are spreading from the docks to the country’s freight rail networks, raising costs and adding...

Gibson Weekly Tanker Market Report [W25]

In recent months triple digit oil prices have become a new reality: unlikely to fall well below $100/bbl any time soon and potentially facing...

Asia LNG spot prices continue to rise

Asian spot liquefied natural gas (LNG) continued its upward trend this week as fears of further market tightening following a major outage at a...

Celestyal Cruises Announces “Biggest Ever Sale”

Celestyal Cruises, the award-winning, number one choice for cruise travellers to the Greek Islands and the Eastern Mediterranean, comes to the rescue of last-minute...

Noble selling five jackup rigs to Shelf Drilling

Noble announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary...

Seanergy Acquires Modern Capesize Vessel with Immediate Delivery & Direct Commencement of Period Charter

Seanergy announced that it has agreed to acquire a modern Capesize vessel from a major Japanese company. The Vessel is intended to substitute the...

Shipping Costs Soar as Russian Fallout Upends Fuel Flows

The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. Rates to...

China delivers world’s largest containership

The world’s largest container ship, built by China State Shipbuilding Corporation, can carry 24,000 twenty-foot equivalent unit (TEU) containers, and was handed over in...

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Scorpio Tankers announces updates on third quarter 2026 TCE rates and time charter-out agreements

Scorpio Tankers Inc. announced today an update on its third quarter of 2026 average daily Time Charter Equivalent rates and that it has entered...

Block sale of existing shares in Klaveness Combination Carriers ASA completed

Reference is made to the stock exchange notice published on 2 September 2026 regarding a potential block sale of existing shares in Klaveness Combination...

Heidmar Maritime Holdings reports results for the second quarter ended June 30, 2026

Heidmar Maritime Holdings Corp. reported its results for the quarter and six month period ended June 30, 2026. Second Quarter 2026 Highlights • Total revenues of...

Capital Tankers announces second quarter 2026 financial results

Capital Tankers Corp. announced its financial results for the second quarter ended June 30, 2026.  

Stena announces Q2 interim report

The Stena AB Group published its interim report for the second quarter of 2026.

Iran attacks US base in Jordan, ships near Hormuz after tankers sunk

Iran's Revolutionary Guard said it ​fired ballistic missiles at a base in Jordan used...

Samsung seeks $186 million from CMA CGM over container shipping disruptions

Samsung Electronics America has filed a complaint with the U.S. Federal Maritime Commission (FMC)...

Shipping: “The rules of the game are collapsing” – Unprecedented warning from Greece and...

For decades, global trade rested on an almost self-evident assumption: commercial vessels could move...

Hormuz traffic slows after Iran threatens retaliation for US attacks

Shipping traffic through the Strait of Hormuz slowed at ​the start of this week,...

Kongsberg Maritime enters agreement to acquire Steerprop

Kongsberg Maritime ASA has entered into an agreement to acquire Steerprop, a Finnish designer...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...

Chandra Asri Group opens access to CPN public terminal

PT Chandra Pelabuhan Nusantara (CPN), a subsidiary of PT Chandra Asri Pacific Tbk (Chandra Asri Group), has officially obtained the Business License for the...

Direct traffic between the Port of Gothenburg and Asia increases

Cargo volumes at the Port of Gothenburg developed strongly during the first half of 2026. Container volumes remained at record levels, while rail, RoRo,...

PPA: New framework for investments in ports and logistics

Piraeus Port Authority (PPA) has expanded its scope of business activity following shareholders’ approval of amendments to the corporate charter, paving the way for...