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The Wire

Kawasaki Heavy Industries Says Hydrogen Tanker Test Proved Feasible

Kawasaki Heavy Industries (KHI) and other Japan-based firms said on Tuesday that a pilot project to transport hydrogen produced from brown coal in Australia...

President Biden Bans Russian Oil Imports, Warning Gas Prices Will Rise Further

U.S. President Joe Biden on Tuesday banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support...

Intermodal Weekly Market Report [W09]

Whilst everyone focuses on the newly imposed banking sanctions and SWIFT bans, at the same time a new financial environment is growing in the...

Aframax rates jump on risk-premium fears as EU eyes shipping ban on Russia

The cost of chartering Aframax tankers to transport crude or oil products hovered at multiyear highs March 7 as the EU and Norway continued...

Baltic index hits 2-1/2-month peak on strong demand across vessels

The Baltic Exchange’s dry bulk sea freight index rose to its highest level in 2-1/2 months on Tuesday, helped by higher rates across its...

Dock Workers and Shipping Lines Widen Boycott of Russian Trade

Dock workers around the world are pushing to widen bans on Russian ships from their ports, moves that would potentially blacklist more than 1,700...

Sovcomflot Tankers Find Sanctions Refuge in the Bahamas

At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed...

Clarkson swings to profit in 2021

Clarkson PLC announced preliminary results for the 12 months ended 31 December 2021. Summary • Record underlying profit before taxation* of £69.4m (2020: £44.7m), an increase...

Drewry: Multipurpose Time Charter Index Up by 1.7% Feb

The Drewry Multipurpose Time Charter Index increased to $10,987 per day in February, representing a rise of 1.7% compared to the 2.2% rise seen...

Iron ore outlook more bullish than lower China growth target suggests

China’s lowering of its economic growth target for 2022 to 5.5% seems at first glance to be bearish for iron ore prices, but there...

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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...