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  • Seaspan sees another executive depart

    Departure of general counsel and chief operating officer comes after CFO's steps down.

    Liner  tradewindsnews.com 10 hours old Michael Angell

    Bourbon gets one-year delay on bond payment

    French offshore vessel owner's next interest payment of EUR 3.9m ($4.8m) has been deferred by one year as it faces debt of over EUR 1bn.

    Offshore  tradewindsnews.com 10 hours old Michael Juliano

    Carnival promotes several executives

    Miami-based cruise major advances a host of employees amid retirements.

    Passenger ships  tradewindsnews.com 12 hours old Michael Juliano

    Crowley closes deal on three tankers

    US tanker owner will charter vessels back to SeaRiver Maritime "as a logical extension of our existing petroleum transportation business," the company said.

    Tankers  tradewindsnews.com 14 hours old Michael Juliano

    Diana Shipping fixes panamax at better rate

    New York-listed bulker owner lets out second panamax to the Swiss commodity company in past several weeks.

    Dry cargo  tradewindsnews.com 17 hours old Michael Juliano

    Korea Eximbank pledges $753m for shipping in 2018

    State lender to pump more cash into sector in the form of loans and guarantees.

    Finance  tradewindsnews.com 18 hours old Gary Dixon

    Kreuz Subsea forms Brunei joint venture

    Singapore OSV owner sending Kreuz Challenger to work with SPHI Marine.

    Offshore  tradewindsnews.com 18 hours old Gary Dixon

    Star Bulk Carriers swoops for stable of 16 ships

    Star Bulk Carriers has swept up a mixed fleet of 16 dry cargo vessels in an all shares deal. The ships range from ultramax to newcastlemaxes and have been purchased from Augustea Atlantica and York Capital Management. Augustea chief executive Raffaele Zagari will join the Star Bulk board as part of the deal. Petros Pappas, chief executive of Star Bulk, said the company has bought a high quality

    Dry cargo  tradewindsnews.com 19 hours old Andy Pierce

    China CSSC sees earnings slip

    State shipbuilder hit by lower revenue in 2017.

    Shipyards  tradewindsnews.com 19 hours old Gary Dixon

    Arctic Securities warms to tankers with new buy ratings on major owners

    Opec action likely to turn the tables for tankers in next six to nine months, analysts say.

    Tankers  tradewindsnews.com 20 hours old Andy Pierce

    CMA CGM splashes up to $460m on CEVA stake

    Bonds drop after deal to take stake in logistics company revealed.

    Liner  tradewindsnews.com 21 hours old Gary Dixon

    Deutsche Bank raises Seaspan to buy

    Analyst likes the look of rising rates and the GCI fleet acquisition.

    Liner  tradewindsnews.com 22 hours old Gary Dixon

    Tonic for tanker owners as Pakistan market re-opens

    Pre-Ramadan rush of tanker scrapping could be in store after final signatures see demolition resume in Pakistan.

    Ship Sales  tradewindsnews.com 22 hours old Andy Pierce

    Canadian, US professors share Onassis Prize in Shipping

    Work on ports, piracy and terrorism land $200,000 payouts for academics.

    NEWS  tradewindsnews.com 23 hours old Gary Dixon

    Affinity profit inches up despite dip in revenue

    Richard Fulford-Smith-fronted brokerage reveals profitable 2017 with slightly higher bonus payments.

    Finance  tradewindsnews.com 23 hours old Andy Pierce

    Damaged Bibby bulker heads for scrap

    Cheshire making final journey to Turkey after cargo overheating incident off Canaries last year.

    Dry cargo  tradewindsnews.com 23 hours old Gary Dixon

    Korean court starts Sungdong receivership

    Deloitte Anjin will carry out due diligence on restructuring yard.

    Shipyards  tradewindsnews.com 24 hours old Gary Dixon

    JP Morgan 'more constructive' on crude tanker recovery

    Analyst Noah Parquette raises estimates for VLCCs in 2019 and 2020 and upgrades Navios MLP.

    Tankers  tradewindsnews.com 24 hours old Andy Pierce

    New Bibby Line CEO to 'lead next phase of growth'

    UK shipowner brings in ex-ITV man John Cresswell to replace Sir Michael Bibby.

    Dry cargo  tradewindsnews.com 20 Apr 07:26 GMT Gary Dixon

    EMAS Offshore avoids Oslo delisting

    Restructuring Singapore OSV player reprieved in Norway.

    Finance  tradewindsnews.com 20 Apr 06:57 GMT Gary Dixon

    Turkey auctioning off cargoship

    Veteran vessel to be sold after being stuck in Samsun for two years.

    Ship Sales  tradewindsnews.com 20 Apr 06:44 GMT Gary Dixon

    Keppel Corp eyes smart rigs and smart yards

    Singapore yard group looks to digitalisation, AI and robotics to give it competitive edge.

    Offshore  tradewindsnews.com 20 Apr 05:54 GMT Dale Wainwright

    Panama Canal handles three LNGCs in a day

    GasLog and Dynagas ships make landmark transit as waterway looks to address ‘bottleneck’ issues.

    Gas  tradewindsnews.com 20 Apr 02:45 GMT Dale Wainwright

    Indian Oil Corp seals deal for Dhamra LNG terminal

    State-owned oil company has signed a 20-year deal with facility set to come on line in 2021.

    Gas  tradewindsnews.com 20 Apr 01:27 GMT Dale Wainwright

    White Sea linked to rare secondhand buy

    Anticipated $12.1m vessel acquisition from Kassian Maritime would see White Sea making its first purchase in 12 years

    Ship Sales  tradewindsnews.com 19 Apr 22:00 GMT Harry Papachristou

    Major Noble investor rejects board nominees

    Goldilocks Investment fund proposes own slate of candidates for Singapore-listed commodity trader's leadership panel.

    Dry cargo  tradewindsnews.com 19 Apr 19:58 GMT Michael Juliano

    Golar LNG in early talks with BP on FLNG

    Gas shipping specialist has not identified vessel yet for project, but could head to Keppel for order.

    Gas  tradewindsnews.com 19 Apr 19:24 GMT Michael Angell

    Montoir celebrates milestone on LNG transshipment journey

    Owner Elengy is in talks on more term deals and CEO expects rising US exports to increase spot activity

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Taylor Maritime grows fleet by two more ships

    Hong Kong handysize owner Taylor Maritime has been linked to another two Japanese-controlled bulkers in another apparent move to boost its fleet. The company is said to have acquired the 32,000-dwt Elliot Bay (built 2009) for $11.7m from Yamamaru Kisen and the New Izumo (built 2010) for $12.7m from Kyowa Sansho. Both were constructed at Japan's Kanda Shipbuilding. The prices are in line with wh

    Ship Sales  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Bob Rust

    Walk-to-work vessels prove popular amid summer rush

    Rapid fleet growth in the UK for smaller vessels is a clear reflection of the steady expansion in offshore wind, which is seeing rising demand for much larger ships. Near the start of this month, the Clarksons Platou Offshore Renewables desk told vessel-using clients in the wind sector that large ships were being snapped up in “somewhat of a rush”. In particular, that demand has been focused on

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Darrin Griggs

    UK offshore wind projects energise workboats activity

    Steady rise in numbers of UK workboats a clear sign of how renewable energy is creating vessel demand

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Darrin Griggs

    Norwegian Hull in profit despite rare claims hit

    Premium reductions disappear as underperforming hull market finally improves

    Insurance  tradewindsnews.com 19 Apr 17:00 GMT Jim Mulrenan

    General Ore loan clinched as family legal spat rolls on

    Court documents reveal refinancing secured last year for $50m loan from DNB

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Joe Brady

    Tough time for tanker owners before market picks up in 2020

    Top brokers forecast ongoing pain in run-up to the IMO’s 2020 cap on ships’ sulphur emissions

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Geoff Garfield

    Bounce in Scorpio Tankers stock amid debt questions

    Company’s stock is still wildly below strike price as management considers strategy

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Joe Brady

    Smit Lamnalco sponge-scape is the icing on the cake at Sigtto meeting

    Shipping events have featured LNG carrier ice sculptures and desserts in the shape of Moss-type vessels — but Smit Lamnalco went one further for the Society of International Gas Tanker & Terminal Operators (Sigtto) meeting in London last week. Not only did the Dutch towage specialist, which was playing host for the gathering, produce a membrane-type LNG carrier in sponge cake, it also created a M

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Cooler heads keep vessel disputes out of court

    Growing work load of finance and transactions keeps firm busy as Reed Smith alliance marks second anniversary

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Teekay joins digital push to give pool partners a 'bird's-eye view'

    Vancouver-based owner seeks to bring in more ships with online digital dashboard

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Michael Angell

    North of England phishing attack highlights ongoing cyber-threats

    An emailed debit note sent to members of the North of England Protecting and Indemnity Association last month has reinforced the need for constant vigilance to avoid cyber scams. The note purporting to be from a club employee asked for payment of outstanding funds but there was a clue that something was amiss — the request came from a neepia.com address rather than the correct nepia.com one. Sho

    Insurance  tradewindsnews.com 19 Apr 17:00 GMT Jim Mulrenan

    Australian detentions fall despite safety fears on foreign-flag ships

    Report reveals welfare standards may actually be improving amid government concerns

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT Adam Corbett

    Shoreline to provide cyber and fraud cover

    COFR pioneer links up with XL Catlin for integrated crime-insurance policy

    Insurance  tradewindsnews.com 19 Apr 17:00 GMT Jim Mulrenan

    Oslo fund delays help lift Rehder ship sale prices

    Hamburg-based shipmanager says investors missed the boat as it ditches Norwegian equity project and finds buyers elsewhere

    Liner  tradewindsnews.com 19 Apr 17:00 GMT Ian Lewis

    Iran poised to publish Sanchi probe findings

    Iran is preparing to release its accident investigation report into the loss of the suezmax tanker Sanchi and its crew of 32 after its collision with the bulker CF Crystal in January. Iran Ports & Maritime Organization deputy director Hadi Haghshenas told local media the report would be ready within a month. “The information stored in the two black boxes [VDRs has] been retrieved and the final r

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT Adam Corbett

    Terminal thinks big with broad range of services

    The Montoir-de-Bretagne LNG terminal was born big. It was built in 1980, in a post-oil crisis era when LNG shipping was expected to mirror crude shipments, then moving towards ULCCs, and expand with bigger vessels. As a result, the facility was vastly over-engineered and can accommodate a Q-Max vessel, although it has yet to receive one. Montoir celebrates milestone on LNG transshipment journey

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Youroukos adds more Schulte panamaxes to fleet

    George Youroukos has added two more German panamaxes to his growing boxship stable, according to brokers in Athens. The 2,030-teu Rubina Schulte (built 2005) and 2,353-teu Philippa Schulte (built 2007) last week joined the managed fleet of Youroukos companies Technomar and Conchart Commercial. They have been renamed Nasia and Nikos P, respectively. Sources did not reveal the price of the transac

    Ship Sales  tradewindsnews.com 19 Apr 17:00 GMT Harry Papachristou

    Glencore nets rate cut for charter extension

    ST Shipping has extended its charter of a Korea Line-owned MR tanker for a year. The shipping subsidiary of commodities trader Glencore has chartered the 50,000-dwt DL Navig8 (built 2008) for some $13,000 per day, European shipbrokers said. Over the past year, ST Shipping has been paying $13,500 per day for the tanker. The Swiss trader keeps its hands on the tanker amid steady period rates in

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    Ciner backs $240m project for suezmax newbuilds

    Turkish owner ready to invest in up to four new suezmaxes to diversify fleet

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Ian Lewis

    Shell locks Eletson LR2 newbuilding into period charter

    Shell has chartered an LR2 product tanker newbuilding from Eletson Corp in a deal that will last a year. The Anglo-Dutch energy giant has fixed the 115,000-dwt Salamina (built 2018) from the Greek shipowner for about $15,000 per day, European shipbrokers report. Eletson, which controls 32 ships and eight newbuildings in the tanker and LPG carrier sectors, ordered the Salamina at Shanghai Waigaoq

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Eric Martin

    China’s Unipec secures VLCC tonnage at low period rates

    Chinese oil trader Unipec is said to be taking advantage of a multi-year low in VLCC period rates to secure two large tankers. The charterer, which is one of the most active players in the tanker spot market with about 500 VLCC fixtures per year, has reportedly taken time-charter tonnage both from South Korea’s SK Shipping and Japan’s Meiji Shipping. The Beijing-headquartered company fixed the 3

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Eric Martin

    ‘National carrier’ PIL straps itself in for the long-haul

    Teo Siong Seng says he was flattered by last year’s talk that shipping giant Cosco was set to buy his family owned business

    Liner  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Diversifying out of the box for PIL

    Pacific International Lines (PIL) has always made the liner trades its core business since it acquired two secondhand general cargoships at its inception in 1967. It jumped feet-first into the boxship business when it acquired its first such vessel in 1981, and has made this type its core business ever since. ‘National carrier’ PIL straps itself in for the long-haul Niche outfit PIL not intere

    Liner  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Singapore's offshore sector opens doors to new breed of player

    Carnage facing Singapore has seen newcomers take advantage of low asset prices to prepare for a market upturn — whenever that may come

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Two shipyards still key to Kim Heng story

    Kim Heng Offshore & Marine Holdings' two shipyards in Singapore are relatively quiet places today, but the company still regards them as vital components to its business model. Chief executive and controlling shareholder Thomas Tan claims they are needed to offer customers a full service package. Kim Heng eyes 'work horse' assets at distressed prices “The key to success in offshore is infrastru

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Lion City’s ‘first lady of shipping’ continues to lead from front

    The MPA's Tan Beng Tee discusses her role in driving Singapore to international maritime centre status, writes Jonathan Boonzaier

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Western Bulk goes short amid uncertainty over scrubbers

    Singapore chief says firm to limit charter terms as 2020 emissions deadline looms

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Tan turns focus on technology and finance to continue growth

    Attracting foreign shipping companies to Singapore has been a key factor in its growth into an international maritime center. Tan Beng Tee, the assistant chief executive of development at the Maritime and Port Authority of Singapore (MPA), believes this trend reflects a global change and is not just specific to the city state. She points out that widespread industry consolidation has led to a red

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Niche outfit PIL not interested in big boxships

    Post-panamax boxships have become the standard for the liner industry’s main players, but Pacific International Lines (PIL) has bucked the trend despite being ranked the fourth largest in terms of the number of ships owned. Chairman and managing director Teo Siong Seng maintains that the company has no need for such big ships, given its focus on niche trades to countries with emerging economies.

    Liner  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    City state still major centre for maritime

    Woon Aw Yong, senior vice president for HSH Nordbank in Singapore, says the city state remains one of the key maritime hubs in Asia, despite fierce competition from other centres. “Singapore has managed to attract maritime companies ranging from shipowners to bankers, brokers, lawyers and port agencies from all over the world to set up operations locally,” he says. “I also see tremendous support

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Commodities have key role to play in ING’s Asian ship finance growth

    Singapore’s growth as an international maritime hub over the past decade has been matched by its emergence as a global commodities trading centre. This is proving to be an interesting marriage for the financiers serving both sectors. Lynn Ng, Singapore-based head of commodities, food and agriculture at ING Bank, says the two industries are closely related. Shipping bankers adjust to new realitie

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    'Street kid' squares up for screen premiere

    In his quest to prove he was turned over by RBS, Nobu Su prepares to reveal all with first public airing of “The Outsider”

    Legal  tradewindsnews.com 19 Apr 17:00 GMT On Watch

    Slower speeds make for safer whale crossing

    Slow steaming is not only a way for shipowners to save on their fuel bills, it can help save whales. When California enforced rules limiting vessels transiting its ports to using bunkers containing just 0.1% sulphur, researchers found the higher cost of the fuel caused shipowners to reduce speeds. In one shipping lane along the state's coast, the US National Oceanic and Atmospheric Administratio

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT On Watch

    Retiring Miclyn Express boss eyes mentoring role

    Veteran positive about offshore outfit’s prospects

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier and Irene Ang

    Leaving behind a lasting legacy

    With his marine engineering background, Miclyn Express Offshore (MEO) chief executive Venkatraman Sheshashayee has been in shipping all his adult life. Much of that time has been in senior management roles at India’s Great Eastern Shipping. He cut his teeth in offshore 12 years ago, playing an instrumental role in setting up Greatship, Great Eastern’s offshore division. He describes that period

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier and Irene Ang

    Shipping bankers adjust to new realities

    Major banks are sticking with Singapore, although some are taking a cautious approach

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Dale Wainwright and Jonathan Boonzaier

    Kim Heng eyes 'work horse' assets at distressed prices

    Anchor handlers bought for a song allow outfit to undercut its opposition

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    HBA to clean up on backlog of rig maintenance

    Company chief executive Hassan Basma will not disclose what projects or contracts HBA Offshore is engaged with or chasing. Citing confidentiality as the reason, he is also reluctant to reveal much about the assets the company controls. “We have some DSVs [diving support vessels] under our control and hold options on some tankers for conversion,” he says, claiming the number of DSVs varies accor

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier and Irene Ang

    HBA looks to Uber model in pursuit of offshore projects

    Founder and chief executive Hassan Basma says leasing rather than owning will allow offshore-sector newcomers to take advantage of opportunities

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier and Irene Ang

    Graffiti message to IMO slightly misses its mark

    Daring environmentalists risked their lives to get their message across to IMO delegates last week as shipping’s climate change strategy was hotly debated. They daubed the slogan “IMO DONT [sic] SINK Paris” on the banks of the Thames, in full view of the IMO building’s windows during the painstaking negotiations to decide on shipping’s emission reduction targets. There was much debate over which

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT On Watch

    Vroon Offshore team on the run aims to raise hospital funds

    A team from the Vroon Offshore Services in Scotland is set to pound the streets of Aberdeen next month for charity. Running in a combined team with Deeside Crewing Services, they aim to complete this year’s BHGE 10k Running Festival on 20 May. This annual road race was launched in 1987 and raises thousands of pounds for charity. The route takes in the Aberdeen beach and harbour area and some sp

    Offshore  tradewindsnews.com 19 Apr 17:00 GMT On Watch

    Handysize bulker shipowners point to tightening market

    Chinese and international handysize owners say the sector is neglected by big financial players and Chinese state-owned shipping giants as well — and ‘maybe that’s a good thing’

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Bob Rust

    President Xi the reformer? Not when it comes to shipbuilding

    Allowing Japanese conglomerates to own a bit more equity in China’s shipyards will not deliver the kind of transparency and accountability shipping needs

    Shipyards  tradewindsnews.com 19 Apr 17:00 GMT Bob Rust

    Methanol offers shipping a clean, quick pathway to carbon cuts

    IMO member states have agreed on a decarbonisation target, and the means to start is largely in place, says Gregory Dolan, chief executive of trade association Methanol Institute

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Gregory Dolan

    Tough data protection rules for the EU also apply to shipping

    Companies with vessels flagged in the European Economic Area, or even websites directed towards customers there, will have to be ready for GDPR, writes HFW lawyer Felicity Burling

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Felicity Burling

    Dianik emerges as buyer of Roth panamax

    Dianik Bross Shipping of Greece has emerged as the buyer of an 18-year-old panamax sold by Reederei Roth. The 72,900-dwt Monte Pelmo (built 2000), renamed Dimitrios T, becomes the biggest and youngest vessel in the Dianik fleet. Reederei Roth of Germany confirmed having sold the Daedong-built vessel at the end of February, without revealing the identity of the buyer. The deal reportedly went t

    Ship Sales  tradewindsnews.com 19 Apr 17:00 GMT Harry Papachristou

    Shandong Shipping aims to secure pack of 10 MR tankers

    Qingdao-based outfit believed to be aiming to hit 10 ships in its ongoing MR tanker drive but company calls the latest report of a transaction premature

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Bob Rust

    AG Shipping buys first MR2 with more in sight

    Newly formed AG Shipping & Energy has purchased its first MR2 product tanker in what it hopes will be a long line of acquisitions. Company founding director and head of trading Mangish Kadokar confirmed to TradeWinds that it is the new owner of the 50,500-dwt Phoenix (built 2006). Brokers reported in early March that Greece’s Empire Navigation had sold the MR2 to unidentified buyers for about $15

    Finance  tradewindsnews.com 19 Apr 17:00 GMT Harry Papachristou and Jonathan Boonzaier

    Gulnak grows in dry bulk with handy buy

    Low-profile Turkish shipowner Gulnak Denizcilik has further expanded its fleet with the purchase of a handymax bulker. Izmir-based Gulnak, one of the few Turkish shipping companies to be based outside the country’s commercial capital of Istanbul, has emerged as the buyer of the 45,700-dwt FF Wish (built 1997). The ship was reported sold earlier this year for $5m by First Fleet, a little-known com

    Ship Sales  tradewindsnews.com 19 Apr 17:00 GMT Harry Papachristou

    Indian upstart buys Alang-destined ship to launch cruise line

    Angriya Sea Eagle Cruises refits former Japanese vessel reportedly sold for scrap to start domestic service

    Passenger ships  tradewindsnews.com 19 Apr 17:00 GMT Jonathan Boonzaier

    Carbon deal does not leave everyone happy with IMO’s stance on emissions

    Lars Carlsson, a director at Windship Technology, has hit out at shipping's carbon emission reduction agreement reached last week. While IMO member states and industry associations praised the deal, Carlsson described it as a “shame” for shipping. IMO carbon deal poses challenge for shipping's capex World Bank and IMF set to begin discussions on carbon pricing “They postpone emission reduction

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT Adam Corbett

    World Bank and IMF set to begin discussions on carbon pricing

    A number of projects are being developed that are expected to help shipping achieve its goal of cutting its emissions in half. Next week, discussions will open between the World Bank and International Monetary Fund (IMF) in Washington DC on a possible carbon pricing system for shipping. It is part of ongoing efforts to develop a market-based mechanism (MBM) to incentivise shipowners to reduce fu

    Casualties  tradewindsnews.com 19 Apr 17:00 GMT Adam Corbett

    CSL sees owners and yards as key to CO2 limits

    Leading self-unloading bulker owner sees zero-carbon fuels as least developed for reducing greenhouse gases

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Michael Angell

    NRP takes two more Nordic Hamburg handysizes

    Oslo finance house Ness, Risan & Partners (NRP) has concluded a deal to buy two more handysize bulkers from Nordic Hamburg. TradeWinds reported last month that NRP was acquiring the German owner’s 35,000-dwt Nordic Riga (built 2010), which was constructed at China’s Nantong Jinghua Shipbuilding. Now it is buying two sisterships. The Nordic Visby and Nordic Stockholm (both built 2010) are believe

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    Ognibene returns to lead own tanker management platform

    Former Heidmar boss says new outfit Concord Maritime is bullish on crude carrier market recovery

    Tankers  tradewindsnews.com 19 Apr 17:00 GMT Joe Brady

    Greek owner slams Iraq over handling of fatal bulker crash

    A Greek shipowner has hit out at Iraqi authorities who continue to hold a bulker involved in a deadly collision last year. Twenty-one people onboard a diving support vessel died when it capsized after a collision with the 48,200-dwt Royal Arsenal (built 1999) at Umm Qasr in August 2017. Iraqi Transport Minister Kazem Finjan has since ordered compensation be paid to the victims’ families after a

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Andy Pierce

    Atlantica set to cash in with supramax sale

    Oslo-based Atlantica Shipping is set to conclude another asset-play with the sale of a supramax bulker bought in September 2016. The Norwegian company has tied up a deal on subjects with an Indian shipowner for the 56,000-dwt Tento (built 2010). European brokers said the Taizhou Kouan Shipbuilding-constructed ship has fetched a gross price of $11.7m, with the net price net, after commissions,

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    ZPMC on hunt for semi-sub conversion candidates

    With markets improving, AMPTC aframax becomes latest tanker to make the switch

    Ship Sales  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Bob Rust

    Korea Line snaps up H Vogemann’s only remaining capesize

    German shipowner H Vogemann has reportedly sold its last capesize bulker to Korea Line. European brokers said the 176,800-dwt Vogerunner (built 2008) went for about $24.3m. The price for the Namura Shipbuilding-constructed vessel is in line with estimates of between $24.1m and $24.7m by Vessels­Value and Maritime Strategies ­International. The price tag is considered an indication that values f

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    Newbuilds square up for project business

    The global floating storage and regasification unit fleet has grown to 38 vessels in the 15 years since the first one was delivered. The fleet comprises 29 existing FSRUs, including three converted from LNG carriers, and nine newbuildings. Global number of charter-free FSRUs doubles in year Of those units on order, brokers record that six appear to be without firm employment and are being offer

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Global number of charter-free FSRUs doubles in year

    Projects abound but developers are making bigger demands of companies

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Economou seizes his chance to sell vintage panamaxes

    Owner is trimming his losses as values for this class of asset rebound

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    Load Line continues renewal

    Load Line Marine continues to be active in the sale-and-purchase market, with a 17-year-old supramax reported to be its latest bulker sold. US brokers said the Greek company has sold the 52,400-dwt Top Trader (built 2001) for $9m to an undisclosed buyer, thought to be Chinese. Load Line Marine reels in German supramax The price for the Tsuneishi-built vessel is believed to be quite firm, given

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen

    Hadley orders brace of kamsarmaxes in China

    UK-based Hadley Shipping Group is boosting its fleet with an order for up to two kamsarmaxes at Jiangsu Yangzijiang Shipbuilding. US brokers said the 82,000-dwt bulkers will be delivered in 2019 and are costing $26.3m each. Jiangsu to build up to 20 LNG-fuelled bulkers Sources familiar with Yangzijiang say Hadley has ordered one firm vessel plus one option. Hadley has not responded to reques

    Dry cargo  tradewindsnews.com 19 Apr 17:00 GMT Trond Lillestolen and Irene Ang

    Shipping may have done enough to fend off political intervention

    This week’s IMO decision to halve shipping’s CO2 emissions is not perfect but it shows the industry is capable of rising to the climate change challenge without government compulsion

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Terry Macalister

    IMO carbon deal poses challenge for shipping's capex

    Target to slash shipping emissions set to have immediate effect on investment decisions on how ships comply with sulphur regulations

    Legal  tradewindsnews.com 19 Apr 17:00 GMT Adam Corbett

    Matson launches Tahiti service

    Honolulu-based liner and logistics company's new offering provides transport to French Polynesia from US mainland and Hawaii.

    Dry cargo  tradewindsnews.com 19 Apr 15:50 GMT Michael Juliano

    Golar Power gets cash in hand on Sergipe

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