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  • Sheshashayee to leave Miclyn Express Offshore

    Singapore-based offshore vessel operator launches search for new chief executive.

    Offshore  tradewindsnews.com 5 hours old Dale Wainwright

    SCI a play on India’s rising LNG demand

    Shipowner’s strength in sector largely ignored by the market due to lack of adequate disclosure.

    Gas  tradewindsnews.com 6 hours old Dale Wainwright

    Pasha adds to Puerto Rico relief efforts

    Pacific Basin-focused Jones Act shipper repositions older vessel as part of ongoing relief efforts

    Liner  tradewindsnews.com 6 hours old Michael Angell

    Golden Ocean releases shackles amid double capesize deal

    Equity issue linked to latest transaction will remove restrictions on expansion and dividend.

    Dry cargo  tradewindsnews.com 8 hours old Andy Pierce

    Teekay LNG prices new preferred shares

    UPDATE 2: Vancouver-based gas ship owner raises capital with new preferred shares and at-the-market offering.

    Gas  tradewindsnews.com 13 hours old Michael Angell

    DNV GL goes paperless with e-certificates

    Classification society targets cost cuts as it modernises with latest system.

    Casualties  tradewindsnews.com 16 hours old Nick Roumpis

    "Strong bidders" circle HSH Nordbank

    CEO Stefan Ermisch says private equity groups considering buying German shipping lender.

    Finance  tradewindsnews.com 16 hours old Gary Dixon

    LNG ship berths to lift first Wheatstone cargo

    Lead shareholder Chevron will use one of its own vessels for historic shipment

    Gas  tradewindsnews.com 16 hours old Lucy Hine

    Tidewater's Jeffrey Platt steps down as CEO

    US offshore vessel owner sees leadership change as the company emerges from financial restructuring.

    Offshore  tradewindsnews.com 17 hours old Michael Angell

    Korea seeks arrests over STX blast

    Prosecutors pursuing warrants for five people over fatal tanker explosion.

    Shipyards  tradewindsnews.com 17 hours old Gary Dixon

    Listing tanker refloated off Maldives

    STO ship had got stuck on reef en route to Male.

    Tankers  tradewindsnews.com 18 hours old Gary Dixon

    Pacific Radiance looks to raise funds

    Restructuring offshore vessel owner is given more time to conclude discussions with potential investors.

    Offshore  tradewindsnews.com 19 hours old Nick Roumpis

    Bulker goes aground off Taiwan

    Japanese vessel stuck after engine failure, maritime bureau says.

    Dry cargo  tradewindsnews.com 19 hours old Gary Dixon

    Tanker's anchor spears torpedo

    UK bomb disposal squad called in after Brovigtank ship's close encounter off Portland.

    Tankers  tradewindsnews.com 20 hours old Gary Dixon

    Chevron scraps Australian exploration plan

    US major says weak oil prices make extracting barrels from Bight too costly.

    Offshore  tradewindsnews.com 20 hours old Gary Dixon

    P&O Ferries hits six-year high

    Freight traffic booming between Northern Ireland and Scotland.

    Passenger ships  tradewindsnews.com 21 hours old Gary Dixon

    Bidders offering up to $541m for ABG

    Liberty House and Shapoorji Pallanji among those vying for control of restructuring yard.

    Shipyards  tradewindsnews.com 21 hours old Gary Dixon

    Arctic Securities cuts tanker estimates

    Analyst Andreas Wikborg redraws VLCC and suezmax expectations for the next couple of years.

    Tankers  tradewindsnews.com 21 hours old Andy Pierce

    Sevan settles Teekay Offshore legal spat

    Oslo-listed owner to bank $4.5m from dispute related to Logitel sale.

    Offshore  tradewindsnews.com 23 hours old Gary Dixon

    Traders: fuel rules could create massive volatility

    Vitol, Glencore and others reject scrubbers and eye refining opportunities.

    Finance  tradewindsnews.com 23 hours old Gary Dixon

    SolstadFarstad adds $10m of extensions

    Norwegian owner stretches charters for CSV and PSV

    Offshore  tradewindsnews.com 24 hours old Gary Dixon

    Computer hackers targeted BW Group

    Incident at Singapore shipowner came less than a month after ransomware attack on Maersk.

    Casualties  tradewindsnews.com 16 Oct 02:15 GMT Dale Wainwright

    Moody’s turns positive on CMA CGM

    Upgraded outlook comes just days after similar rating improvement by Standard & Poor’s.

    Finance  tradewindsnews.com 15 Oct 23:53 GMT Dale Wainwright

    Geden wins claim for Glencore ship's cargo

    Protracted battle over busted charterparty now sees Turkish owner file claim on Glencore-controlled cargo.

    Legal  tradewindsnews.com 13 Oct 20:40 GMT Michael Angell

    Vard stays on hunt for Coast Guard contract

    Singapore-listed shipyard remains contender in fleet renewal project for Norwegian Coast Guard.

    Shipyards  tradewindsnews.com 13 Oct 16:55 GMT Michael Angell

    Pantheon Tankers and Cosco catch rising VLCC tide

    Owners in the right place as tanker rates move upwards into the weekend.

    Tankers  tradewindsnews.com 13 Oct 15:09 GMT Andy Pierce

    Hornbeck, creditors at odds on debt swap

    US offshore vessel owner floats proposal to swap out near-term notes, but creditors offer their own plans.

    Offshore  tradewindsnews.com 13 Oct 15:03 GMT Michael Angell

    Roy Mosvold makes play for capesize newbuildings in China

    Shipowner confirms project that takes over existing berths at Yangzijiang.

    Dry cargo  tradewindsnews.com 13 Oct 14:28 GMT Trond Lillestolen and Andy Pierce

    US charters Carnival ship for disaster work

    Emergency agency FEMA books Fascination for four months in Caribbean.

    NEWS  tradewindsnews.com 13 Oct 13:54 GMT Gary Dixon

    Viking back at Neptun for cruiseships

    Torstein Hagen company adds seven river vessels to orderbook in Germany.

    Passenger ships  tradewindsnews.com 13 Oct 12:53 GMT Gary Dixon

    Seamec fixes OSV at $29,600 per day

    Indian owner making $296,000 over 10 days with 1983-built ship.

    Offshore  tradewindsnews.com 13 Oct 12:08 GMT Gary Dixon

    Damaged tanker limps back to Malta

    Goeast reappears on radar after reports it was sunk by Libyan coastguard.

    Tankers  tradewindsnews.com 13 Oct 10:45 GMT Gary Dixon

    Sirius invests in online monitoring

    Swedish tanker owner fitting SKF systems across its fleet.

    NEWS  tradewindsnews.com 13 Oct 10:22 GMT Gary Dixon

    Golar gains ground as Hilli Episeyo gets going

    Shares nudge upwards as company ticks a box with FLNG unit bound for Cameroon.

    Gas  tradewindsnews.com 13 Oct 09:39 GMT Andy Pierce

    First attempt to refloat Kea Trader fails

    Scrapping voyage on hold for now as grounded Lomar boxship remains stuck on reef.

    Liner  tradewindsnews.com 13 Oct 09:28 GMT Gary Dixon

    Zuyderzee brings in ABN AMRO fixer

    Dutch shipping investment house adds Hank Detailleur as new managing partner.

    Finance  tradewindsnews.com 13 Oct 09:10 GMT Gary Dixon

    HMM raising $614m for ship buys

    Korean owner lines up share issue for vessel and terminal investments.

    Finance  tradewindsnews.com 13 Oct 08:52 GMT Gary Dixon

    Vinalines emerges from bankruptcy

    Vietnamese state shipowner has positive equity once more after paying off nearly all debt.

    Finance  tradewindsnews.com 13 Oct 07:15 GMT Gary Dixon

    Walkers yard clinches ADB loan

    Sri Lankan shipbuilder banking $4m to help set up shiprepair facility.

    Shipyards  tradewindsnews.com 13 Oct 06:44 GMT Gary Dixon

    ABG Shipyard loses OSV fleet licence

    Struggling Indian yard's three vessels unable to trade after government revokes compliance document.

    Dry cargo  tradewindsnews.com 13 Oct 06:33 GMT Gary Dixon

    Hunt for 14 missing crew underway after nickel ore ship sinks

    Lethal cargo looks to have claimed another bulker reportedly lost in Philippines Sea.

    Casualties  tradewindsnews.com 13 Oct 05:36 GMT Bob Rust

    Varun ships banned from UAE ports

    Middle East nation runs out of patience with shipowner’s repeated cases of seafarer abandonment.

    Casualties  tradewindsnews.com 13 Oct 05:15 GMT Dale Wainwright

    CMA CGM upgraded at Standard & Poor’s

    Ratings agency highlights improved operating and financial performance at French liner giant.

    Finance  tradewindsnews.com 13 Oct 02:54 GMT Dale Wainwright

    Robbers target Scorpio bulker off Vietnam

    Modern ultramax vessel sees ship stores and crew’s personal belongings stolen

    Casualties  tradewindsnews.com 13 Oct 00:06 GMT Dale Wainwright

    Shipping high-yield debt at three year high

    Who needs equity when credit markets remain open, Clarksons report show; refinancing needs continue apace.

    Finance  tradewindsnews.com 12 Oct 20:49 GMT Michael Angell

    MAN offers discount lure on LNG retrofits

    Engine manufacturer prepared to knock down the price for the first 10 customers

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Qatari OSV charters hanging by thread for offshore owners

    The 'Qatarisation' of offshore ships in Qatar’s national waters appears to be looming large and painful for shipowners

    Offshore  tradewindsnews.com 12 Oct 17:00 GMT Darrin Griggs

    Resistance looks futile against shipping’s march of the robots

    The ‘human element’ will come under increasing threat as technology transforms industry

    Casualties  tradewindsnews.com 12 Oct 17:00 GMT Terry Macalister

    Bribery remains taboo despite P&I guidelines being trimmed

    Clubs scaling back on warning about illegal inducements is not a signal of relaxed attitude

    Insurance  tradewindsnews.com 12 Oct 17:00 GMT Jim Mulrenan

    Tailwind sells car carriers as it winds down in shipping

    Tailwind of Bergen is selling its two car carriers to Zodiac Maritime as the Norwegian owner continues to pull back from shipping. The 6,500-ceu Morning Cello and Morning Cornet (both built 2007) have been sold for $38m each to the London-headquartered shipowner. Some suggest the price is being influenced by long-term charters on the pair to Eukor Car Carriers, which has had the ships on contr

    Ship Sales  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen and Andy Pierce

    Mandarin eyes next growth spurt in containership sector

    Mandarin Shipping is considering its next phase of expansion as it takes on the last in a series of six Chinese-built feederships. Chairman Tim Huxley tells TradeWinds the company is “looking at further opportunities in the containership sector”, hinting that it could move on fresh newbuildings before the end of the year. Hong Kong-based Mandarin named the 1,756-teu Mount Nicholson at Zhejiang O

    Liner  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Jo Odfjell tipped to return to tankers with Cido duo

    Multiple sources point to Bergen-based owner as the buyer of products tanker pair from South Korean firm

    Shipyards  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen , Nick Roumpis and Andy Pierce

    Bangladeshi banger to go under the hammer for second time

    Kim Heng Marine & Oilfield says it has no choice but to press for a second auction of an old Bangladeshi-owned general cargoship that has been resident at its shipyard in Singapore since 2011. Executive chairman Thomas Tan told TradeWinds this week that Dhaka-based HRC Shipping’s 7,800-dwt, 500-teu multipurpose Banga Barta (built 1983) attracted no bidders willing to pay the minimum reserve price

    Ship Sales  tradewindsnews.com 12 Oct 17:00 GMT Jonathan Boonzaier

    Suasa Benua Sukses takes over Eastern Pacific aframax

    Singapore-based Eastern Pacific Shipping appears to have quietly disposed of one of its older aframax tankers. Shipping databases indicate that ownership of Eastern Pacific Shipping’s 115,600-dwt Andaman Sea (built 2005) was recently transferred to Jakarta-based PT Suasa Benua Sukses (SBS). The ship has been renamed Ship III and has hoisted the Indonesian flag. SBS, previously known as PT Andro

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Jonathan Boonzaier

    Greek shipowner trio send away older dry bulk ships

    Narval Shipping and Aegean Bulk find trading buyers for ships, and compatriot Grecomar Shipping could follow suit

    Ship Sales  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen and Eric Martin

    Floating wind set to drive new demand for offshore vessels

    Shipowners set to benefit as many concepts are underway to take offshore wind from fixed to floating installations

    Offshore  tradewindsnews.com 12 Oct 17:00 GMT Darrin Griggs

    Titan Petrochemicals acquires another yard

    Hong Kong’s Titan Petrochemicals is acquiring full but indirect control of China’s Hongqiang yard for HKD 210m ($26.9m). The cash-plus-shares transaction announced on Sunday is the biggest yet in the oil trader and sometime tanker owner’s campaign to redevelop its shipbuilding side. Titan’s acquisition target, Nantong-based Jiangsu Hongqiang Marine Heavy Industry, has an orderbook that includes

    Shipyards  tradewindsnews.com 12 Oct 17:00 GMT Bob Rust

    Golar FSRU ‘lined up for Jamaican power project’

    Rumoured deal could set new rate level for first generation FSRUs

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Bidder sextet lined up for Acu FSRU project

    Six companies have been shortlisted to provide a floating storage and regasification unit (FSRU) for a power-related project in Brazil. Industry sources say infrastructure and logistics company Prumo Logistica, which floated the tender for the unit to serve its Port of Acu project, received 15 offers on the business. They name BW LNG, Elcano, Excelerate Energy, GasLog, Hoegh LNG and Teekay LNG a

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Varun LPG carriers put up for demo sale

    Troubled Indian company’s gas ships face the end of the road after aframax sold at auction in Singapore

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine and Jonathan Boonzaier

    S&P expects more capital returns from Britannia

    A strong hint that further capital distributions can be expected from the Britannia Steam Ship Insurance Association has come from the Standard & Poor’s (S&P) ratings agency. Following a $20m distribution to members in the spring, S&P is projecting that the Britannia Club will be making further payouts annually over the next three years. S&P has privileged access to the Britannia Club financial

    Insurance  tradewindsnews.com 12 Oct 17:00 GMT Jim Mulrenan

    Luxury cruiseship order shows Japan owners warming to China

    More could follow in placing high value orders in China after breakthrough deal

    Shipyards  tradewindsnews.com 12 Oct 17:00 GMT Adam Corbett

    Oaktree-backed fund clinches $400m for alternative finance

    Tobias Backer-led venture steps up to the plate with an eye on filling gap left by departure of traditional lenders

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Joe Brady

    Governance king continues to rule as top equity analyst

    For the third year running, Wells Fargo’s Michael Webber has been named shipping’s top equity analyst by Institutional Investor magazine. Webber is perhaps best known for establishing the industry’s first “scorecard” for judging the corporate governance practices of public shipowners — to the delight of some and the outrage of others. His continued popularity and backing from institutional inves

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Joe Brady

    Celsius adds MOL tanker to fleet

    Celsius Shipping has acquired an 11-year-old stainless steel chemical tanker from MOL, marking another expansion move for the diversified Danish shipowner. Sources say it paid $15m to $15.3m for the Shin Kurushima-built, 20,800-dwt Spruce Galaxy (built 2006). Brokers describe the price as strong but add that the ship is built to high specifications, with 22 segregations and a nitrogen generator.

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    Equinox readies its most modern bulker for inspection down under

    Greek shipowner Equinox Maritime is to sell its most modern bulker. The 61,000-dwt Equinox Melida (built 2016) is available for inspection in Newcastle, Australia, this week and next. The Cosco Dalian-built ship is expected to fetch about $24m for the Ghikas Goumas-led company. The vessel's price was not disclosed in 2014 when it was ordered, but TradeWinds estimates it to have been $29m. Wh

    Dry cargo  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    Judge allows bid to quiz Temer over port operator donations

    Prosecutors are gearing up to question Brazilian President Michel Temer about whether he received political donations from Rodrimar, a shipping agency and terminal operator. Supreme Court judge Roberto Barroso has authorised Attorney General Raquel Dodge to depose the president and eight others, as well as obtain documents that might show whether Temer received "electoral donations" from Rodrimar

    Legal  tradewindsnews.com 12 Oct 17:00 GMT Eric Martin

    Eastmed emerges as buyer of VLCC

    Thanassis Martinos-controlled Eastern Mediterranean Maritime (Eastmed) has emerged as the buyer of a Japanese-controlled VLCC that had been linked to South Korea’s Sinokor Merchant Marine. Athens-based Eastmed confirms it has bought the 299,000-dwt Isuzugawa (built 2004) for $25.5m. The deal marks the company’s first tanker purchase on the secondhand market in four years. Market sources said i

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Harry Papachristou

    VIMC joins Keesal Young & Logan for World Maritime Day

    About 150 members of the shipping community turned out for a World Maritime Day celebration in Vancouver. The event at the Terminal City Club, hosted by the Vancouver International Maritime Centre (VIMC) and law firm Keesal Young & Logan, featured a seminar on the theme of connecting ships, ports and people. A panel including Christian Ott of Teekay Corp and Chad Allen of the Shipping Federation

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Global Mediator

    Machado testimony a challenge for Brazil's president

    As state's witness, the former chief of Brazil's largest shipowner is behind allegations that represent a major threat to the country's leader, Michel Temer

    Legal  tradewindsnews.com 12 Oct 17:00 GMT Eric Martin

    EU turns the screws on global carbon cuts

    Failure to be bold enough about tackling emissions will backfire for shipping, warns European transport commissioner

    Casualties  tradewindsnews.com 12 Oct 17:00 GMT Harry Papachristou

    Gallagher to ask for more from clubs at P&I renewal

    Broker takes the view that clubs could have been more generous in returning excess premium

    Insurance  tradewindsnews.com 12 Oct 17:00 GMT Jim Mulrenan

    Heuvels eyes growth mission in Hong Kong

    Ince & Co’s international senior partner Jan Heuvels’ decision to leave London for Hong Kong has been met with surprise in legal circles. But the leading London law firm says there is nothing more behind the move than its strategy to target Asian growth. Heuvels' move comes amid continued speculation that Ince & Co is seeking to merge with another London shipping law firm after talks with Hill D

    Weekly  tradewindsnews.com 12 Oct 17:00 GMT Adam Corbett

    Shipping finds its mojo, but can it turn surge in optimism into cash?

    Improving trade growth, firming freight rates and low orders have fuelled a rise in confidence that now needs to be converted into results

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Julian Bray

    Avin International sells tanker for scrap

    Greek owner continues fleet renewal efforts with demolition deal.

    Ship Sales  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    Solvency reports remove excuse for further growth in free reserve

    Arthur J Gallagher's review of protection-and-indemnity (P&I) clubs compares newly available information on their Solvency II capitalisation requirements to funds in the kitty and finds the clubs generally well placed. This year saw the clubs publish their first Solvency and Financial Condition Reports (SFCR) after 15 years of talk about the impact of Solvency II. “When it came to it, the impact

    Insurance  tradewindsnews.com 12 Oct 17:00 GMT Jim Mulrenan

    Navig8 stays true to investment strategy following $3bn splurge

    Mixed results in crude, products and chemicals will not deter future strikes, says commercial director

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Joe Brady

    Clipper refinancing paves way for bulker expansion

    Danish group sells 16 ships and streamlines global operations but remains bullish on the dry market

    Dry cargo  tradewindsnews.com 12 Oct 17:00 GMT Gary Dixon and Andy Pierce

    Optimism oozes from panellists at Maritime Cyprus conference

    Andreas Hadjiyiannis got it famously right last year when he predicted that dry bulk and containership freight rates would dramatically recover over the next few months. This time, the president of the Cyprus Union of Shipowners and founder of Cyprus Sea Lines, came up with an even bolder assertion. “I am very, very optimistic,” he said, addressing an audience at the 15th Maritime Cyprus confer

    Dry cargo  tradewindsnews.com 12 Oct 17:00 GMT Harry Papachristou

    DNV GL offers statutory ship safety surveys for digital age

    New online service to launch later this month improving efficiencies of surveys for participating flag states, class and certification

    Casualties  tradewindsnews.com 12 Oct 17:00 GMT Adam Corbett

    Core sector headwinds cut into profits at Jotun

    Leading paint producer Jotun of Norway is facing headwinds in both shipping and offshore sectors, leading to lower earnings despite an increase in sales. The privately-owned company logged a pre-tax profit of NOK 1.24bn ($155m) in the first eight months this year. That is down 25% on a profit of NOK 1.65bn in the same period last year. Jotun president Morten Fon says low oil prices have slowed

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    DNV GL in the red amid challenging shipping markets

    Leading classification society DNV GL reported a loss for the first half of 2017, amid markets that it says will remain weak until the end of 2018. Ongoing weakness in the newbuilding market for ships and mobile offshore drilling units reduced income for that side of the business. In addition, DNV GL's share of that market dropped to 20%. DNV GL's pre-tax loss totalled NOK 26m ($3.3m) for the fi

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    Industry predicted to drive digital evolution in shipping

    Community and efficiency are key as sector transforms itself without fanfare, says BRS chairman

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Geoff Garfield

    Hajioannou holds court in Cyprus

    The cream of Greece's shipping scene gathered at a remote mountain village in Cyprus this week at the invitation of Safe Bulkers chief executive Polys Hajioannou and his wife Sofia. Guests were treated to a traditional Cypriot lunch at the couple's home in Pedhoulas, the Hajioannou family's cradle. Celebrations followed with music, dance and a birthday cake for Hajioannou's sister, Maria. The l

    Weekly  tradewindsnews.com 12 Oct 17:00 GMT Harry Papachristou

    Dry bulk steals the show in New York

    The story of the annual Capital Link Maritime Forum could largely be told by the number of people in the room at the Metropolitan Club, near Central Park, in Manhattan, New York. The only panel to draw a standing-room-only crowd was the collection of dry bulk owners speaking after lunch. For an event that is all about gauging and stimulating investor interest, people were, after all, voting with

    Dry cargo  tradewindsnews.com 12 Oct 17:00 GMT Joe Brady

    Principal dons shipbroker hat for Singapore dry bulk outpost

    Keith Denholm is counting on his Japan and dry cargo connections to get deals done in his new role at Lorentzen & Stemoco Singapore

    Ship Sales  tradewindsnews.com 12 Oct 17:00 GMT Bob Rust

    Industry rallies behind Cargo Day

    Mercy Ships has already raised over $394,000 from its second annual Cargo Day — easily beating last year’s $320,000. It is expected the eventual figure could exceed $450,000, providing vitally needed funds for life-changing surgery in Africa. Some 21 charterers, 16 shipowners, 24 brokers and 10 port agents, as well as seven service companies and associations participated in the 4 October event.

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Geoff Garfield

    Shipowners make bankers pay

    Footballing rivalry came to the boil in one of the most hotly contested events of the German shipping ­calendar. In the 36th annual match between shipowners and ship financiers, the owners took the bragging rights this year with a convincing 4-2 victory at Hamburg’s Adolf-Jager Stadium. A Banker United team stuffed with ship financing talent had its chances, including a penalty miss by HSH Nordb

    Finance  tradewindsnews.com 12 Oct 17:00 GMT Ian Lewis

    Russian shipping mourns death of industry ‘legend’

    The first head of Novorossiysk Shipping Co (Novoship), Orest Alexandrovich Sychenikov, has died in Moscow at the age of 95. Born in Moscow in 1922, Sychenikov served in the Red Army during the Second World War and after being demobbed studied marine engineering in Odessa. He worked first at Tuapse Shipyard and progressed to top municipal and regional posts before being appointed to head up Novo

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Roderick Craig

    Statoil signs up for Ocean Rig drillship

    New York-listed offshore drillship owner sees increase in backlog thanks to new contract and extension.

    Offshore  tradewindsnews.com 12 Oct 17:00 GMT Michael Angell

    FLNG unit Hilli Episeyo sets sail for Cameroon

    Golar LNG’s first FLNG unit due to arrive on location at the end of next month

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Johan Reksten dies at 69

    Businessman was prominent in 1970s tanker market and later focused on family estate.

    Tankers  tradewindsnews.com 12 Oct 17:00 GMT Trond Lillestolen

    Harvey Gulf tackles finances after pausing payments on $1.3bn debt

    Privately held US-based offshore owner may see new owners come aboard if debt talks follow pattern

    Offshore  tradewindsnews.com 12 Oct 17:00 GMT Michael Angell

    Seatrade box push deepens despite fixture to Zim unit

    Benelux reefer operator charters out newbuilding as it builds service with new partners CMA CGM and Marfret

    Liner  tradewindsnews.com 12 Oct 17:00 GMT Ian Lewis

    Gas4Sea talks LNG bunker strides after netting Statoil

    Expansion-minded LNG bunkering venture proves its new vessel Engie Zeebrugge can work outside its home port after landing four-ship tanker deal

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Rig count translates into loss of demand for about 44 OSVs

    The offshore rig count — a key demand indicator for offshore support vessels (OSVs) — decreased by a significant 5% from August to September, as more offshore rigs went without work. Of the seven tracked global regions, one area held steady and two added just one working rig each, while the other four declined, representing a total cut of 12.9% from September 2016. OSVs saw 209 working offshore

    Offshore  tradewindsnews.com 12 Oct 17:00 GMT Darrin Griggs

    Youroukos goes back to Diana to buy more high-reefer boxships

    Deal takes Poseidon/Euroseas fleet to nearly 40 containerships with plans to seek an IPO

    Liner  tradewindsnews.com 12 Oct 17:00 GMT Ian Lewis

    Bids go in for Edison small-scale LNG ship

    Shipowners have submitted their offers for a small-scale LNG carrier to Italian energy company Edison. Brokers say bids went in at the end of September for the 27,500-cbm vessel, which Edison wants to use to move LNG into facilities it is looking to build at Ravenna in Italy and Oristano on the Mediterranean island of Sardinia. They say there is considerable interest in the pricing of a vessel o

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Gas Natural Fenosa soft peddles on small-scale dual-use LNG vessel

    Spain’s Gas Natural Fenosa has slowed its enquiry for a small-scale LNG carrier that can also serve as a bunker vessel. Industry sources following the business say Gas Natural is still trying to quantify customer interest and potential offtake for the unit and has not shortlisted any shipowners as yet. The sources say the utility, which this week announced it is shifting its legal headquarters f

    Gas  tradewindsnews.com 12 Oct 17:00 GMT Lucy Hine

    Ernst Russ buys boxship pair as private equity heads for the door

    Ernst Russ Group, the investment and asset manager controlled by German shipowner Jochen Dohle, has added two former private equity-funded boxships to its growing containership fleet. The 2,450-teu EM Andros (renamed Ella, built 2003) and EM Psara (renamed Rita, built 2007) have emerged as the latest acquisitions of the German investment manager. The sub-panamax boxships have been acquired from

    Liner  tradewindsnews.com 12 Oct 17:00 GMT Ian Lewis