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The Wire

Libya Says Oil Output Back to 1.2 Million Barrels a Day

Libya’s oil production has picked up again after a blockade of its western fields ended and ports in the east reopened, according to the...

Suez Canal Expansion Plans Accelerated For Completion By July 2023

A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman...

Blocked Hyundai-Daewoo merger leaves shipbuilders at sea

Europe’s rejection of Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding Marine & Engineering has scuppered what would have been a major step toward consolidation...

Hyundai says may challenge EU veto against Daewoo deal

Hyundai Heavy Industries’ proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world’s biggest shipbuilder was hit with an...

Gibson Weekly Tanker Market Report [W02]

For tankers, it feels like every other shipping sector has experienced some form of super cycle over the past 12-18 months.

Trans-Pacific rates reach their ceiling amid uncertainty in China

All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to...

China 2021 soybean imports slip 3.8%

China’s soybean imports in 2021 fell from the previous year, the first annual drop since 2018, customs data showed on Friday, depressed by weakening...

Concordia Maritime: Sale of P-MAX vessel, in line with bank agreement

Concordia Maritime has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is...

Simpson Spence Young buys Anchor Shipbroking in Athens

Simpson Spence Young (SSY), the largest independent shipbroker in the world has today announced the acquisition of Anchor Shipbroking Inc. Based in Piraeus, Greece,...

Avance Gas: Sale of 2008-built VLGC Thetis Glory

Avance Gas Holding Ltd have entered a contract to sell the 2008-built VLGC Thetis Glory with delivery in February after her current voyage. Following...

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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...