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  • Transmed swoops for second Noble bulker

    Greek owner Transmed Shipping has picked off a second kamsarmax bulker from Noble Group. Transmed has purchased the 81,600-dwt Ocean Forte (built 2015) in a $23.79m deal, Noble told investors. Noble says it will book a profit of $300,000 on the latest sale, while net proceeds from the disposal will reach $8.4m. The ship is the third kamsarmax sold by Noble this year as part of a winding down o

    Dry cargo  tradewindsnews.com 2 hours old Andy Pierce

    Navios unveils IPO details as GoodBulk gets set

    Shipping IPO activity in New York continues to kick up in the days preceding the start of the annual Marine Money finance conference in New York. GoodBulk mulls 'wait or go' options Angeliki Frangou’s Navios Maritime Containers on Friday unveiled the first public version of its own long-mooted New York IPO prospectus. Navios is bringing a fleet of 30 containerships with prospects to acquire fiv

    Finance  tradewindsnews.com 2 hours old Joe Brady

    CSIC executive Sun Bo taken away in Party purge

    The head of China Shipbuilding Industry Corp (CSIC) has been taken away by Communist Party enforcers.

    Legal  tradewindsnews.com 13 hours old Bob Rust

    Tsakos Energy confirms order for two aframaxes

    'More favourable fundamentals' expected in second quarter and beyond as New York-listed tanker owner posts first-quarter loss

    Finance  tradewindsnews.com 15 Jun 21:19 GMT Michael Juliano

    Japanese fund Anchor readies next investment

    Fund grows on back of domestic operators’ demand for alternative finance schemes

    Finance  tradewindsnews.com 15 Jun 17:00 GMT Adam Corbett

    Genco prices common stock offering

    Offering is expected to make $100.7m for US-listed drybulker owner to pursue fleet expansion.

    Finance  tradewindsnews.com 15 Jun 14:43 GMT Michael Juliano

    Dorian LPG rejects BW LPG offer

    Dorian chief executive John Hadjipateras said his board is still willing to discuss buying or consolidating some or all of BW's ECO-ships into its commercial platform.

    Gas  tradewindsnews.com 15 Jun 14:05 GMT Michael Juliano

    CPP seals Petrobras tanker charters

    Marinakis company fixes four ships in Brazil.

    Tankers  tradewindsnews.com 15 Jun 13:16 GMT Gary Dixon

    New Shipping said to have scrapped VLCC

    Greek owner linked to demolition of New Andros.

    Tankers  tradewindsnews.com 15 Jun 12:54 GMT Trond Lillestolen

    Private investor sparked Seaways deal

    Seaways got creative in solving liquidity shortfall from bond deal to rescue its six-VLCC purchase from Euronav at 11th hour.

    Finance  tradewindsnews.com 15 Jun 12:37 GMT Joe Brady

    Bergshav linked to K Line tanker buy

    Norwegian tanker owner said to have paid $19.5m for aframax.

    Tankers  tradewindsnews.com 15 Jun 11:24 GMT Trond Lillestolen

    Pac Basin crewman dies, two more hospitalised

    Seafarers being treated in Mauritius; cause not yet known.

    Casualties  tradewindsnews.com 15 Jun 11:07 GMT Gary Dixon

    Tufton Oceanic teams with LR on digital

    UK owner wants class society to optimise maintenance.

    Tankers  tradewindsnews.com 15 Jun 09:55 GMT Gary Dixon

    Maritime UK makes gender equality pledge

    Taskforce to look at fairness and inclusion in shipping sector.

    NEWS  tradewindsnews.com 15 Jun 09:20 GMT Gary Dixon

    PDVSA could import overseas crude for refining

    Move would mark first production of domestic fuel from foreign oil.

    Tankers  tradewindsnews.com 15 Jun 09:00 GMT Gary Dixon

    HSH targets shipping loan buys with $4.05bn war chest

    Comeback is on for newly privatised lender as it targets rivals' portfolios and new investments.

    Finance  tradewindsnews.com 15 Jun 08:12 GMT Gary Dixon

    GoodBulk mulls 'wait or go' options

    Radziwill's New York IPO hopeful could move as soon as Monday, but signals seem to point toward July or September as likelier options.

    Finance  tradewindsnews.com 15 Jun 08:03 GMT Joe Brady

    Subsea 7 clinches another Shell contract

    Deal worth up to $150m in Gulf of Mexico.

    Offshore  tradewindsnews.com 15 Jun 07:31 GMT Gary Dixon

    Seaways pulls off $434m six-VLCC Euronav deal

    US owner completes original tanker transaction despite doubts in the market.

    Tankers  tradewindsnews.com 15 Jun 06:35 GMT Gary Dixon

    MSC Cruises adds $1bn STX cruiseship

    Aponte company returns to French yard to expand fleet.

    Passenger ships  tradewindsnews.com 15 Jun 06:15 GMT Gary Dixon

    Tanker trio head to the breakers

    Three more tankers have been sold for demolitions amid even as prices on offer for scrapping in Pakistan reportedly slipped this week. The latest deals include two VLCCs. Brokers reported that Sentek Marine & Trading has sold its 301,000-dwt tanker Concord M (built 1996) has been sold for demolition at a price of $448 per ldt, or $18.6m. The ship is reportedly heading to Bangladesh. Sentek bou

    Ship Sales  tradewindsnews.com 15 Jun 05:38 GMT Trond Lillestolen and Eric Martin

    Waruna adds another two tankers to fleet

    Indonesian tanker owner purchases product carriers from Offen and Varco.

    Ship Sales  tradewindsnews.com 15 Jun 03:09 GMT Trond Lillestolen , Jonathan Boonzaier and Eric Martin

    Details emerge on sale of NAT quintet

    Five suezmaxes built in late 1990s are expected to be headed for scrap.

    Tankers  tradewindsnews.com 15 Jun 02:17 GMT Trond Lillestolen

    Dorian investor sees 'overdue' consolidation

    Overbuild in the gas ship industry has given the advantage to charterers, and not to shipowners.

    Finance  tradewindsnews.com 14 Jun 21:10 GMT Michael Angell

    Genco in $141m deal for four bulkers

    UPDATE: Bulker owner readies stock offering as it enters agreement for en-bloc purchase of four bulkers.

    Dry cargo  tradewindsnews.com 14 Jun 20:41 GMT Michael Angell

    Seaways set to surprise

    New York owner on the verge of rescuing initial deal to buy six VLCCs from Euronav after it had appeared relegated to smaller buy only last week.

    Finance  tradewindsnews.com 14 Jun 19:32 GMT Joe Brady

    Shippers call bunker surcharges 'unjustified'

    Main trade body for cargo interests wants to make anti-competition regulator aware of surcharges.

    Liner  tradewindsnews.com 14 Jun 17:14 GMT Michael Angell

    Braemar’s Evans wins bumper £500,000 pay-off

    Manner in which details of Louise Evans’ payout were disclosed has sparked speculation as the reasons for her departure remain unclear

    Ship Sales  tradewindsnews.com 14 Jun 17:00 GMT Julian Bray

    BP clearout continues as Naftomar secures VLGC

    Greek LPG owner Naftomar appears to be renewing its fleet, buying a 12-year-old VLGC from BP. Norwegian gas carrier shipbrokers said Naftomar acquired the 83,000-cbm British Courage (built 2006) for $38m to $39m. Naftomar and BP did not respond to requests for comment. The price is seen as a reflection of pressure on VLGC values, especially for vessels that are more than 10 years old. Mariti

    Ship Sales  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Bery Maritime boosts revenue and headcount

    Oslo-based freight consultant and shipbroker Bery Maritime increased its revenue by one-third last year, but the privately-owned firm saw dropping profits and the payment of an extraordinary dividend. Company president Christian Rynning said the reduced profit partly is a result of fertiliser-focused Bery recruiting more people. The company now has a staff of 32 in its offices in Oslo, Lima, Shen

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Transpetrol sells cash cow MR to IMS

    Transpetrol of Belgium is disposing of another MR tanker that has been a cash cow for the company. European broking sources said it sold the 46,000-dwt ­Endeavour (built 2004) to IMS of Greece for $9.9m. The price is in line with market expectations, but it represents a drop from the $11.2m that IMS paid in October for the sistership Resolve (built 2004), also from Transpetrol. IMS and Transpet

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Qatari aggregates outfit bulks up with panamax pair

    Qatari aggregates trader MFH is purchasing two older panamaxes, according to well-placed sources in the Asian dry bulk sector. TradeWinds understands that MFH has signed a memorandum of understanding to buy the 77,700-dwt Energy Midas and 77,800-dwt Energy Prosperity (both built 1998) for an enbloc price of $15.5m, which broking sources said is in line with their market value. The Panamanian-reg

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT Jonathan Boonzaier

    Kmarin newbuild plan faces doubt over ‘financial muscle’

    South Korea’s Kukje Maritime ­Investment Corp (Kmarin) is said to have ditched a plan to order a series of VLOC newbuildings worth $750m, although it denies the claims. Shipbuilding players said the investment company will not go ahead with an order for eight to 10 ore carrier newbuildings of 325,000 dwt at shipyards in China. A lack of finance and personnel changes at Brazilian mining company Va

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT Irene Ang and Bob Rust

    German MPP pools retreat as charter market revives

    About 60 multipurpose and heavylift vessels have been returned to the market but reasons for the pools’ demise are open to debate

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT Ian Lewis

    Oldendorff grows yard tally with China orders

    Nine more newbuildings take total to 20

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT Irene Ang and Trond Lillestolen

    Alibra Shipping makes a splash with end-of-Posidonia pool party

    London shipbroker Alibra Shipping saw off Posidonia week in style with a celebration at a private residence on the Greek Island of Mykonos. Shipowners, shipbrokers, charterers and other industry participants gathered for food, music and drinks. On Friday night, the Giuseppe Rosano-led broker treated guests to a private viewing at the renowned Rarity gallery in Mykonos town, followed by dinner.

    Finance  tradewindsnews.com 14 Jun 17:00 GMT TradeWinds staff

    Scrubbers, LNG and compliance defined Posidonia 2018 agenda

    Threats and opportunities presented by tightening environmental rules proved the most potent talking points at this year’s gathering of the shipping world in Athens

    Casualties  tradewindsnews.com 14 Jun 17:00 GMT Julian Bray

    Marlow feeder trio fetches over $30m

    Three feeder boxships in the fleet of Marlow Navigation are believed to have been sold for more than $30m enbloc. Clients of Lubeca Marine are understood to have picked up two vessels — the 1,304-teu Seajade (built 2010) and 1,368-teu Seapearl (built 2011) — for around $10.5m each. The ships were reported sold to German shipmanager Jebsen Shipping Partners (JSP), which operates a fleet of around

    Liner  tradewindsnews.com 14 Jun 17:00 GMT Ian Lewis

    Gaps in world trade regulation let China build ‘Great Wall at sea’

    Beijing wields an unhealthy amount of power when it comes to global trade and corporate regulation — not least in shipping, where the conflicts of interest have multiplied

    Liner  tradewindsnews.com 14 Jun 17:00 GMT Bob Rust

    Marinakis cuts $122m Iraqi deal for VLCC trio

    Long-term charters herald first step in fleet expansion plans for Dubai-based joint venture Aissot

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Mitsui inks kamsarmax duo in China

    Japan’s Mitsui & Co has added kamsarmax bulkers to its order at Yangzijiang Shipbuilding. Shipbuilding sources said the trading house’s 82,000-dwt newbuildings were inked last month and the Tokyo-headquartered outfit is scheduled to take delivery in 2020. No price for the IMO Tier-II compliant ships has been disclosed, but sources say it is around $27m each. The sources did not know whether the

    Shipyards  tradewindsnews.com 14 Jun 17:00 GMT Irene Ang

    P&I clubs stick with familiar reinsurance brokers

    But International Group insists beauty contest will produce a ‘brave new world’ of benefits for owners

    Insurance  tradewindsnews.com 14 Jun 17:00 GMT Jim Mulrenan

    Ever-fewer North Sea rigs in need of AHTS support

    A rise in dynamic positioning on rigs partly explains why owners of AHTS vessels are seeing slack demand at the moment, says Westshore

    Offshore  tradewindsnews.com 14 Jun 17:00 GMT Darrin Griggs

    Vroon offloads third product tanker

    Iver Ships, a unit of Dutch group Vroon that underwent financial restructuring earlier this year, continues to shrink its MR product tanker fleet. Broking sources in Piraeus said the company has sold the 46,600-dwt Iver Exact (built 2007) to clients of Spring Marine Management for around $14m. The Hyundai Mipo Dockyard-built ship is currently operated by Malta-based Handytankers. Neither Spring

    Ship Sales  tradewindsnews.com 14 Jun 17:00 GMT Harry Papachristou

    Nineteen OSVs return to North Sea out of long lay-up

    Months of growing positive sentiment appears to have backfired for offshore shipowners in the North Sea, at least in terms of vessel reactivations. Short-lived market improvements in April and overall high expectations for the summer have prompted the return of 19 offshore support vessels out of lay-up in the region so far in 2018, according Westshore Shipbrokers. Fourteen of the 19 reactivated

    Offshore  tradewindsnews.com 14 Jun 17:00 GMT Darrin Griggs

    Bryggen slims period fleet as profits slump

    Bryggen, the Norwegian product and chemical tanker operator, is scaling back its fleet in response to the poor market. The Bergen-based company has reduced its fleet to three ships taken on period contracts compared with 20 on time charter in 2016. “We have a flexible approach when it comes to the size of the fleet. It is an advantage, when it comes to avoiding losses, but makes it more challeng

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Bergshav hunts aframax tankers as profit doubles

    Owner primarily after Asian-built tonnage to boost its 14-strong fleet

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Jotun wins Kyklades VLCC business

    Jotun, one of the world’s largest providers of marine coating, has inked a job worth more than $10m to coat eight VLCCs under construction at Hyundai Samho Heavy Industries in South Korea. The deal with Greece's Kyklades Maritime, which was formally signed during Posidonia, is one of the biggest single projects currently undertaken by Jotun Performance Coating. “Each VLCC alone requires 200,000 l

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Harry Papachristou

    Asian players view Trump-Kim summit with cautious optimism

    Glimmer of hope for North Korea trade welcomed, but observers voice scepticism about likely pace of change

    Legal  tradewindsnews.com 14 Jun 17:00 GMT Jonathan Boonzaier

    London P&I Club opts for new home in the sun

    P&I mutual, which boasts a strong Greek and Mediterranean membership, is 'satisfied' as it decides to make Cyprus its post-Brexit domicile

    Insurance  tradewindsnews.com 14 Jun 17:00 GMT Jim Mulrenan

    Deal for VLCC trio up for grabs as pace of Chinese finance slows

    Lease financing deal for three Landbridge units faces competition from Europe as ship-finance houses in China struggle to meet investment targets

    Shipyards  tradewindsnews.com 14 Jun 17:00 GMT Bob Rust

    UK Club launches search for safety innovations

    P&I mutual puts up $50,000 prize fund and is prepared to invest in promising brainwave

    Insurance  tradewindsnews.com 14 Jun 17:00 GMT Jim Mulrenan

    Indonesian sun begins to set on Japanese aframax trades

    Shipowners cut back as route that was a pillar of Asian trades continues to shrink

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Adam Corbett and Irene Ang

    Pink is the new black — or blue, or grey

    The world of liner shipping is about to get a lot more colourful. Ocean Network Express, the result of the merger of Japan’s three big liner players, has replaced the traditional hull colours of black (NYK), blue (MOL) and grey (K Line) with magenta. The official reason is to show the company is different from the rest. However, On Watch believes increased safety will be a positive side effect. I

    Liner  tradewindsnews.com 14 Jun 17:00 GMT On Watch

    Regional Japanese banks on pace for ship-finance entry

    Tokyo ‘mega’ banks grow wary as local rivals increase liquidity and visibility in domestic ship-finance market

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Adam Corbett

    Can shipping's borrower elites hang on to their 'privilege'?

    Veteran banker says line between 'haves' and 'have-nots' could become blurred if banks adopt sensible repricing of risky shipping debt

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Joe Brady

    For latest aspiring owners, does the Oslo shuttle still reach New York?

    What worked for Scorpio Bulkers and Dorian LPG but failed for Navig8 and so far Hafnia Tankers now looms as a conundrum for newest crop of IPO hopefuls

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Joe Brady

    SCF shows interest in icebreakers and MR tankers

    Sovcomflot is keeping a close eye on new Russian vessel projects for the construction of MR tankers and icebreakers that can use LNG as a fuel. “We are very interested to be involved,” senior executive vice president Evgeniy Ambrosov tells TradeWinds. Sovcomflot gears up for its first LNG-fuelled aframaxes Sovcomflot believes that LNG should become a growing part of shipping’s fuel mix, to redu

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    German innovation widens scope for fresh sources of capital

    Retrenchment of shipping banks has led to creative thinking designed to put the ship-finance bandwagon on the road again

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Ian Lewis

    Griffiths finds true calling after rebranding

    Morgan Stanley man is miles away from his former life in Vancouver and the audit books of local owner Teekay

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Joe Brady

    Day talks 40 years of change in marine finance

    But she's quick to point out the change has not all been for the good

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Joe Brady

    Africa adventure success for Augusta Energy

    Nascent product trader’s activity spreads to 20 countries as it makes debut in crude sector with Nigerian exports

    Tankers  tradewindsnews.com 14 Jun 17:00 GMT Geoff Garfield

    Portugal makes case for place on China’s Maritime Silk Road

    China and Portugal are increasing their cooperation on shipping and maritime issues, and the deepwater port of Sines could be the next and most distant pearl on China's string

    Liner  tradewindsnews.com 14 Jun 17:00 GMT Bob Rust

    Tributes pour in for top Hamburg broker Peter Gast

    Henning Oldendorff and Heinrich Schoeller speak of a 'very impressive man' and good friend, who passed away on 5 June

    Weekly  tradewindsnews.com 14 Jun 17:00 GMT Geoff Garfield

    Sovcomflot gears up for its first LNG-fuelled aframaxes

    Charterers showing ‘huge interest’ in tanker newbuildings, says executive

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Princess kicks off World Cup

    Sports fans can now watch football’s biggest spectacle on the high seas. Carnival-owned Princess Cruises has announced that it plans to show all 64 matches of the 2018 World Cup in Russia on nine of its 17 ships — Sea Princess, Crown Princess, Diamond Princess, Emerald Princess, Majestic Princess, Pacific Princess, Regal Princess, Royal Princess and Sapphire Princess. The action, which began thi

    Passenger ships  tradewindsnews.com 14 Jun 17:00 GMT On Watch

    Thornico boss is a roaring success on Lions’ Den

    Thornico owner Christian Stadil is making quite a name for himself on Danish television. Stadil, whose company owns multipurpose operator Thorco Projects, is on a panel of five investors who choose whether to become business partners with contestants on Lovens Hule (Lions’ Den). The ­reality show is the ­Danish version of Dragons’ Den in the UK and Shark Tank in the US, in which start-up busines

    Dry cargo  tradewindsnews.com 14 Jun 17:00 GMT On Watch

    Rickmers and MTT opt for scrubbers on newbuildings

    Owners see the logic of adding exhaust systems to BengalMax containership series

    Casualties  tradewindsnews.com 14 Jun 17:00 GMT Geoff Garfield

    Lebanon unveils potential bidders for FSRU trio

    List includes some unexpected pairings as floating regas project action hots up in the face of fresh LNG volumes coming onstream

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    World’s two oldest LNG ships sold for demolition

    Brunei Gas Carriers sheds the last of the old guard, bumping up LNG carrier scrap sales for this year to three

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Newbuilds unlikely as LNG Croatia puts price cap on regas unit

    Prospective importer LNG Croatia has set a maximum price on its planned floating, storage and regasification unit that effectively rules out the use of newbuildings. Those working closely with the project reveal that a cap of between $120m and $130m has been specified for an FSRU of around 145,000 cbm or larger. They say the development body has also specified that providers need to take an equi

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Qatar finally gets a toehold in FSRU sector

    Qatari shipowning vehicle Nakilat has finally made its long-planned break into the business of floating, storage and regasification units by buying into an Excelerate Energy vessel, prompting chatter that this could be the forerunner of a bigger tie-up with the US regas specialist. Nakilat buys into Excelerate FSRU Nakilat said this week that it had formed a joint venture with Excelerate, which

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Online auction site ‘sets benchmark with first sale’

    An online German auction site has completed its first containership sale. The sale of the 2,702-teu Buxharmony (built 2007) was concluded at an unexpectedly high price through the new VesselBid.com platform. The sub-panamax feeder vessel is being sold to SITC International Holdings Co at what appears a new benchmark price for boxships of this size, according to European brokers. Boxship to be d

    Ship Sales  tradewindsnews.com 14 Jun 17:00 GMT Ian Lewis

    SGMF’s LNG bunkering tool set for wider industry roll-out

    A new online tool to determine the safe zone for LNG bunkering developed by the Society for Gas as a Marine Fuel (SGMF) is to be offered for use to the wider industry before the end of this year. SGMF general manager Mark Bell said the Bunkering Area Safety information LNG (BASiL) modelling tool is now in use by the society’s members. Bell said the intention is to make it available for non-membe

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Sea Consortium buys its largest vessel ever as spree continues

    Sea Consortium, which controls feeder operator X-Press Feeders, continues its energetic buying spree with the acquisition of its largest vessel to date. The Singapore com­pany is understood to have bought the 6,661-teu NYK Terra (built 2008) for a firm price of around $25m. Diana Containerships continues sales effort That is higher than the prices fetched by the 6,541-teu Puelo (built 2006) and

    Liner  tradewindsnews.com 14 Jun 17:00 GMT Ian Lewis

    Sudan issues formal tender for country's first FSRU

    Providers of floating, storage and regasification units have received bid documents for Sudan’s planned first LNG-import terminal near Port Sudan on the Red Sea. State-run Sunagas has issued bid documentation asking for offers on a 125,000-cbm to 175,000-cbm FSRU with a maximum flow rate of 750 million standard cubic feet per day. Offers are due in by 24 July. Sudan joins queue for FSRU as it w

    Gas  tradewindsnews.com 14 Jun 17:00 GMT Lucy Hine

    Frangou's Navios eyes rare VLCC order at Imabari

    Letter of intent signed for two newbuildings in Japan, brokers say

    Shipyards  tradewindsnews.com 14 Jun 17:00 GMT Harry Papachristou

    Hoegh Autoliners aims to put price fixing challenges in rear-view mirror

    New chief executive discusses efforts to get out from the legal cloud, plans to grow new and existing markets, and the different contributions from the company’s Norwegian and Danish backers

    Finance  tradewindsnews.com 14 Jun 17:00 GMT Trond Lillestolen

    Royal Caribbean to become 'material' expedition player

    Miami-based cruise major's stake in Silversea Cruises will allow strong foothold in luxury, expedition markets.

    Passenger ships  tradewindsnews.com 14 Jun 16:26 GMT Michael Juliano

    CBC Holding banks $45m from bulker sale

    Capesize fetches a very strong price despite being sold with time charter attached.

    Dry cargo  tradewindsnews.com 14 Jun 14:52 GMT Trond Lillestolen and Andy Pierce

    Tanker master fined for safety failures

    Russian ship's captain must pay $34,000 after UK court case.

    Legal  tradewindsnews.com 14 Jun 13:59 GMT Gary Dixon

    Libya's NOC evacuates Sidra, Ras Lanuf terminals

    Clashes in the area mean planned Minerva tanker entry postponed.

    Tankers  tradewindsnews.com 14 Jun 12:47 GMT Gary Dixon

    Schulte Group behind new shipping fund

    Cyprus operation set to invest $120m in bulkers and containerships.

    Finance  tradewindsnews.com 14 Jun 12:12 GMT Ian Lewis

    Royal Caribbean branches out with $1bn Silversea takeover

    US giant to take 67% stake in "kindred spirit" Manfredi Lefebvre D'Ovidio's expedition vessel company.

    Passenger ships  tradewindsnews.com 14 Jun 11:42 GMT Gary Dixon

    First Golar FLNG cargo arrives in China

    Second shipment en route as Cameroon floater gears up.

    Gas  tradewindsnews.com 14 Jun 11:13 GMT Lucy Hine

    VIDEO: Crew abandon burning Shreyas boxship

    Fire engulfs SSL Kolkata off India but seafarers rescued by coast guard.

    Casualties  tradewindsnews.com 14 Jun 10:58 GMT Gary Dixon

    MOL fixes bulker newbuilding to JERA

    Japanese owner finds more work with Singapore trader for Hekinanmax.

    Dry cargo  tradewindsnews.com 14 Jun 09:17 GMT Gary Dixon

    Lines suspend Asia-Red Sea services

    Maersk Line and MSC’s retrench as revamped services by rivals results in low utilisation and falling freight rates

    Liner  tradewindsnews.com 14 Jun 09:13 GMT Ian Lewis

    Duterte calls for oil and gas exploration drive

    Philippines leader wants deal with China to find new sources of energy.

    Offshore  tradewindsnews.com 14 Jun 08:46 GMT Gary Dixon

    Asian lines go express to Australia

    Run from China launched by HMM, Evergreen and APL as slot deal ended.

    Liner  tradewindsnews.com 14 Jun 07:25 GMT Gary Dixon

    Crewman killed in tanker blast

    Elektrans ship had anchored for repairs when explosion occurred in engine room.

    Casualties  tradewindsnews.com 14 Jun 06:37 GMT Gary Dixon

    Rasmussen group delivers record profit

    Norwegian outfit makes profit from real estate and financial investment in year of shipping exit.

    Finance  tradewindsnews.com 14 Jun 06:23 GMT Trond Lillestolen

    Gold hunters' OSV identifies $750m of lost cargo

    Survey by Ostensjo ship pinpoints World War wrecks that will yield treasure.

    Offshore  tradewindsnews.com 14 Jun 06:12 GMT Gary Dixon

    Irish Ferries ro-pax newbuild delayed until September

    Delays in delivery of interior components and electrical work blamed for latest postponement.

    Passenger ships  tradewindsnews.com 14 Jun 05:19 GMT Dale Wainwright

    May second best month for S&P since late 2015

    Greek owners, unsurprisingly, have been dominant in both buying and selling tonnage.

    Ship Sales  tradewindsnews.com 14 Jun 02:32 GMT Dale Wainwright

    Hapag-Lloyd plans transpacific general rate increase

    Liner operator to add between $630 to $866 to cost of shipping container from Asia to US.

    Liner  tradewindsnews.com 14 Jun 01:04 GMT Dale Wainwright

    Star Bulk hopes to be a mid-cap one day

    US-listed drybulk carrier aspires to have a market capitalisation of $3bn.

    Finance  tradewindsnews.com 13 Jun 21:56 GMT Michael Juliano

    TOTE Maritime fills senior roles from within

    Changes in executive leadership come following the retirement of chief executive.

    Liner  tradewindsnews.com 13 Jun 20:16 GMT Michael Angell

    Pasha Hawaii ups box capacity on two ships

    US-flagged carrier says it's marking third anniversary of Hawaii service with capacity boost.

    Liner  tradewindsnews.com 13 Jun 19:02 GMT Michael Angell

    Petronas heralds first breakbulk LNG STS

    Company VP says Asian buyers prefer to grow their business by importing smaller parcels

    Gas  tradewindsnews.com 13 Jun 17:22 GMT Lucy Hine