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The Wire

Baltic index up for seventh day on higher capesize rates

The Baltic Exchange’s dry bulk sea freight index rose for a seventh straight session Monday, as strong capesize rates offset losses in the smaller...

IMO Council decisions on Black Sea and Sea of Azov situation

The International Maritime Organization (IMO) held an extraordinary session of its Council (C/ES.35) on 10 and 11 March to address the impacts on shipping...

Turkey, Greece Agree To Improve Ties Amid Ukraine Conflict

Turkish President Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis agreed in talks on Sunday to improve ties, despite the long-running disagreements between the...

Oil Resumes Decline Following A Tumultuous Week

Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine...

Fujairah faces more bunkering competition as Saudis, Qatar, Oman enter fray

The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants...

Gibson Weekly Tanker Market Report [W10]

Surging global oil prices and Russian sanctions are forcing Western governments to approach those countries they previously sanctioned in response to alleged human rights...

Asian LNG prices slide amid stable European gas flows

Asian spot liquefied natural gas (LNG) prices declined this week, tracking European gas prices which fell due to stable Russian gas flows and LNG...

All-inclusive rates continue decline as demand pulls back

As demand for cargo into the US remained dampened after the Lunar New Year holiday in China, the lion’s share of spot market activity...

Contract extension for CSV Normand Vision

Solstad Offshore ASA announced that Havfram AS have exercised their option to extend present contract for CSV Normand Vision. The firm contract will then...

Castor Maritime Announces New Charter Agreements

Castor Maritime, a diversified global shipping company, announced that the M/V Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on...

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Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

TORM upgrades full-year guidance

TORM plc announced that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of...

OOIL announces operational update for the 3rd quarter 2026

​​​​​​Orient Overseas (International) Limited announces operational update for the 3rd quarter 2026.

Capital Maritime Finance launches its IPO on Tuesday; aims to raise €300 million

The public offering for the listing of Capital Maritime Finance Corp on Euronext Athens opens on Tuesday and will run until Thursday, 15 October. The...

Hormuz shipping disruption is starting to hit harvests, UN agency says

The impact of the disruption to shipping through the Strait of Hormuz is already...

Maritime piracy incidents remain at historic lows despite Somali piracy concerns

The ICC International Maritime Bureau (IMB) has reported the lowest level (51) of piracy...

Bulk Carrier sinks weeks after deadly strait of Hormuz strike

A container ship and a dry bulk carrier have both sunk near the Strait...

ABS and U.S. Department of Energy sign MOU on maritime applications of advanced nuclear...

ABS and the U.S. Department of Energy’s (DOE) Office of Nuclear Energy have signed...

Saudi Arabia strikes Houthi targets as Red Sea war escalates

Yemen’s Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...

Georgia Ports achieves permit for 3.5 million TEU container terminal

Georgia Ports Authority hosted their annual State of the Port of Savannah event with President Kevin Price announcing the U.S. Army Corps of Engineers...

ENGIE and CMA CGM join forces to invest in biomethane production in Le Havre

ENGIE Group, a major player in the energy transition, and the CMA CGM Group, a global player in sea, land, air and logistics solutions,...

Port of Los Angeles sets all-time monthly cargo record

The Port of Los Angeles handled 1,042,652 Twenty-Foot Equivalent Units (TEUs) in September, the busiest month in its 118-year history and more than 20,000...