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  • DHT Holdings closes book on BW VLCC deal

    New York-listed owner has now taken over all 11 ships included in March transaction.

    Tankers  tradewindsnews.com 1 hours old Andy Pierce

    SolstadFarstad clinches PSV charter

    Merged company announces first big term deal with Statoil.

    Offshore  tradewindsnews.com 2 hours old Gary Dixon

    Exmar bondholders stretch maturity

    Belgian owner gets another two years to pay off $118.5m Norwegian issue.

    Finance  tradewindsnews.com 2 hours old Gary Dixon

    AP Moller-Maersk IT systems down due to cyber attack

    UPDATE: Danish conglomerate is assessing the situation but has no comment on the cause of the incident.

    Liner  tradewindsnews.com 2 hours old Nick Roumpis

    Subcontractors offer to take STX France stake

    French companies could buy minority holding in shipyard.

    Shipyards  tradewindsnews.com 2 hours old Gary Dixon

    Maritime chokepoints risk food price spikes

    Increasing dependence on key shipping lanes also carries risks, Chatham House report says.

    Dry cargo  tradewindsnews.com 3 hours old Nick Roumpis

    Fredriksen eyes $2bn spree as tanker market tipped to turn

    Frontline chairman is working 17 hours a day with growth dominating the agenda.

    Tankers  tradewindsnews.com 3 hours old Andy Pierce

    Barreras confirms cruiseship contract

    Spanish yard wins deal to build luxury vessels for Ritz-Carlton.

    Passenger ships  tradewindsnews.com 3 hours old Gary Dixon

    New IACS chairman focuses on the future

    Knut Orbeck-Nilssen wants to modernise class sector as digitalisation increases.

    Casualties  tradewindsnews.com 5 hours old Gary Dixon

    Brittany Ferries spending $223m on new ship

    French cruise ferry owner reveals cost of LNG-fuelled newbuilding to be constructed by Flensburger.

    Passenger ships  tradewindsnews.com 5 hours old Nick Roumpis

    NS Lemos VLCC tied up on time charter

    Brokers say the only remaining VLCC in the owner's trading fleet has found employment.

    Tankers  tradewindsnews.com 5 hours old Andy Pierce

    Marco Polo hearing adjourned again

    Singapore owner gets another week to prepare moratorium application.

    Offshore  tradewindsnews.com 6 hours old Gary Dixon

    Wilson Sons fixes $54m of financing

    BNDES cash will go on new order for six tugs at its own Brazilian shipyard.

    Finance  tradewindsnews.com 6 hours old Gary Dixon

    Product tanker aground off Kenya

    No pollution reported after Singapore vessel got stuck off Kilifi coast.

    Tankers  tradewindsnews.com 6 hours old Gary Dixon

    Maersk Oil calls in banks as it reviews listing options

    One of four Maersk Energy divisions comes a step closer to IPO, report says.

    Finance  tradewindsnews.com 6 hours old Andy Pierce

    Sovcomflot IPO 'still set for July'

    Deputy transport minister says privatisation remains scheduled for next month.

    Tankers  tradewindsnews.com 7 hours old Nick Roumpis

    Golden Energy wins PSV contract extension

    Total will keep vessel owned by Victor Restis-controlled company for another three months at least.

    Offshore  tradewindsnews.com 7 hours old Nick Roumpis

    JP Morgan fund linked to supramax deal

    Big-spending investment vehicle believed to have continued expansion drive with United Ocean vessel.

    Dry cargo  tradewindsnews.com 7 hours old Andy Pierce

    SeaBird sending ship to South America

    Oslo-listed owner providing source vessel for third-quarter survey.

    Offshore  tradewindsnews.com 8 hours old Gary Dixon

    NYK captain blames US warship for clash

    Ronald Advincula says USS Fitzgerald failed to respond or take evasive action.

    Liner  tradewindsnews.com 9 hours old Gary Dixon

    Rowan chopping another 50 jobs

    US drillship contract cancellation leading to more redundancies.

    Offshore  tradewindsnews.com 9 hours old Gary Dixon

    CLC targets seven-ship spree after IPO

    Dennis Uy tanker company wants to use $85m of proceeds for fleet expansion.

    Ship Sales  tradewindsnews.com 9 hours old Gary Dixon

    Crewman evacuated from Greek tanker

    Severe abdominal pains prompts US Coast Guard to airlift seafarer from ship off Louisiana.

    Casualties  tradewindsnews.com 12 hours old Dale Wainwright

    JAXPORT greenlights harbour deepening

    Dredging work intended to attract largest Asian containerships to US East Coast port.

    Liner  tradewindsnews.com 15 hours old Dale Wainwright

    Four dry bulk owners coming to Russell 3000

    Investor interest in dry bulk comes as most offshore companies get deleted from major equity index .

    Finance  tradewindsnews.com 18 hours old Michael Angell

    Pemex needs gasoline imports as refinery closed

    Increasing number of vessels put on subjects as refinery remains shuttered.

    Tankers  tradewindsnews.com 19 hours old Michael Angell

    UK Coastguard aids in rescue of tanker crew

    Agency's network operations centre reached out to commercial shipping for help in efforts.

    Casualties  tradewindsnews.com 23 hours old Michael Angell

    VLCC orders highest since 2008, Bimco says

    Upturn in activity comes despite fleet growth touching peaks not seen since 2011.

    Shipyards  tradewindsnews.com 24 hours old Andy Pierce

    Gener8 Maritime shares crash on Frontline pullout

    Frontline's decision to turn its guns away from New York-listed owner leads to stock taking a tumble.

    Tankers  tradewindsnews.com 26 Jun 14:20 GMT Andy Pierce

    Lindblad newbuild grounds during launch

    More cruises cancelled after cruiseship damaged at US shipyard.

    Passenger ships  tradewindsnews.com 26 Jun 14:15 GMT Gary Dixon

    Greek shipowners extend voluntary tax agreement with state

    Union of Greek owners agrees to contribute to the struggling local economy until 2018.

    Finance  tradewindsnews.com 26 Jun 13:17 GMT Nick Roumpis

    Aegean Marine debuts in major US boxship port

    Independent bunker supplier looks for expansion move at time of major retrenchment.

    Tankers  tradewindsnews.com 26 Jun 13:17 GMT Michael Angell

    Stanley Ho steps down as Shun Tak chairman

    Tycoon, 95, hands over leadership of shipping and property group to daughter.

    Passenger ships  tradewindsnews.com 26 Jun 13:09 GMT Gary Dixon

    Western Bulk seeks first digital executive

    Hiring of digital chief about improving margins not starting a revolution, Ismar says.

    Dry cargo  tradewindsnews.com 26 Jun 12:59 GMT Andy Pierce

    Period deals a promising sign for panamax owners

    Big names stepping in for tonnage is a positive sign, Alibra Shipping says.

    Dry cargo  tradewindsnews.com 26 Jun 11:13 GMT Andy Pierce

    Car carrier set for second auction

    May deal for sanctions-hit AML ship challenged by another bidder, broker says.

    Ship Sales  tradewindsnews.com 26 Jun 11:06 GMT Gary Dixon

    KLC clinches $1.15bn LNG deal

    Korean owner to carry cargoes for Kogas until 2037.

    Gas  tradewindsnews.com 26 Jun 10:30 GMT Gary Dixon

    Polarcus wins West African work

    Middle East owner clinches new contract after the end of North Sea season.

    Offshore  tradewindsnews.com 26 Jun 10:06 GMT Gary Dixon

    Market watches United Ocean ship for new price marker

    Brokers expect new price figure to be set as offers come in for supramax bulker.

    Dry cargo  tradewindsnews.com 26 Jun 09:47 GMT Andy Pierce

    Dof pens deal for pipeline project

    Norwegian owner sending vessel to south Mediterranean to work for TMPC.

    Offshore  tradewindsnews.com 26 Jun 09:38 GMT Nick Roumpis

    Pirates steal oil from Thai tanker

    Diesel siphoned from vessel as crew held on deck off Malaysia.

    Tankers  tradewindsnews.com 26 Jun 09:30 GMT Gary Dixon

    Third time lucky for Taku?

    Alaska tries again to sell ferry, but this time with no public reserve price.

    Ship Sales  tradewindsnews.com 26 Jun 09:16 GMT Gary Dixon

    Rising fixture count and storage spur VLCC spot market

    Middle East activity and more economical storage sums working in owners' favour.

    Tankers  tradewindsnews.com 26 Jun 08:56 GMT Andy Pierce

    Evermore Global shows Songa Bulk hand

    Major US investor reveals stake of over one tenth in Norwegian bulker owner.

    Dry cargo  tradewindsnews.com 26 Jun 08:18 GMT Andy Pierce

    ABG Shipyard loses state orders

    Indian government cancels coast guard ships at struggling shipbuilder.

    Shipyards  tradewindsnews.com 26 Jun 07:21 GMT Gary Dixon

    Poland to back $420m PZM order

    Fund being set up to help Polish owner ink new ro-pax deal.

    Finance  tradewindsnews.com 26 Jun 06:32 GMT Gary Dixon

    CoscoCS makes shiprepair move in Piraeus

    Chinese group planning new facility to handle 80,000-dwt vessels in Perama.

    Shipyards  tradewindsnews.com 26 Jun 06:11 GMT Gary Dixon

    Abu Dhabi fund buys stake in Noble Group

    Singapore-listed commodities giant and major charterer boosted by new investor.

    Dry cargo  tradewindsnews.com 26 Jun 03:41 GMT Dale Wainwright

    Adani Port plans return to bond market

    India’s largest ports operator looks to take 2017 fundraising to $1bn with latest offering.

    Finance  tradewindsnews.com 26 Jun 00:46 GMT Dale Wainwright

    Frontline ends bid for Gener8 Maritime

    Nearly one month after saying targets other than DHT were in mind, Frontline backs down.

    Tankers  tradewindsnews.com 25 Jun 12:49 GMT Joe Brady

    Cobas doubles up on Teekay shares; grabs Teekay LNG stake

    Spanish investor in 'undervalued assets' picks up 10% stake in parent of New York-listed tanker owner.

    Offshore  tradewindsnews.com 23 Jun 22:02 GMT Eric Martin

    Shipping resumes in US Gulf after storm passes

    First named tropical storm of the season slowed tanker and bulker movements.

    Casualties  tradewindsnews.com 23 Jun 16:25 GMT Michael Angell

    Navios Partners appoints new director

    Navios Maritime Partners announced a new board appointment as another director steps down. The Angeliki Frangou-led company said Orthodoxia Zisimatou will be joining its board. Zisimatou is currently Secretary General of the Union of Piraeus Shipping Lawyers. She also serves on the policy, environmental and legal committees of the Hellenic Chamber of Shipping. She is currently a member of the

    Liner  tradewindsnews.com 23 Jun 15:06 GMT Michael Angell

    Charterers turn to anchor-handlers in PSV dearth

    Norway sells out of supply ships again, but plenty to choose from in the UK.

    Offshore  tradewindsnews.com 23 Jun 14:20 GMT Gary Dixon

    Seacor Marine bids for bankrupt firm's assets

    Offshore spin-off of Seacor Holdings makes first play as independent company.

    Offshore  tradewindsnews.com 23 Jun 13:51 GMT Michael Angell

    Union Commercial denies supramax sale

    Greek owner dismisses brokers' reports and clarifies that 2011-built ship is not up for sale.

    Dry cargo  tradewindsnews.com 23 Jun 13:33 GMT Harry Papachristou

    DFDS acquires Eurotunnel vessel duo

    Danish ro-ro owner exercises option for two ships on bareboat charter since 2015.

    Passenger ships  tradewindsnews.com 23 Jun 13:29 GMT Nick Roumpis

    Zim confirms Costamare boxship charter

    Israeli owner deploys 11,000-teu newbuild in Asia-South America trade.

    Liner  tradewindsnews.com 23 Jun 13:01 GMT Gary Dixon

    Murakami re-elected as K Line chairman

    Largest shareholder Effissimo Capital helps executive stay at helm of Japanese liner company despite opposition.

    Liner  tradewindsnews.com 23 Jun 11:22 GMT Nick Roumpis

    ABTO: can the liquefaction 'can test'

    Bulker terminal group wants a complete overhaul of testing for raw ores and other cargoes.

    Dry cargo  tradewindsnews.com 23 Jun 10:56 GMT Gary Dixon

    Restis, Dragnis linked to MR2 orders at STX

    Greek owners said to be moving for tankers at Korean yard.

    Tankers  tradewindsnews.com 23 Jun 10:12 GMT Harry Papachristou

    Knife held to crewman's neck in robbery

    Thieves raid bulker anchored in Indonesia.

    Dry cargo  tradewindsnews.com 23 Jun 09:55 GMT Gary Dixon

    Captain, pilot placed on leave after smash

    Investigation continues into US ferry crash that injured 15 people.

    Passenger ships  tradewindsnews.com 23 Jun 09:21 GMT Gary Dixon

    Seismic surveys 'harmful to zooplankton'

    Australian scientists find data acquisition killing off marine life.

    Offshore  tradewindsnews.com 23 Jun 08:35 GMT Gary Dixon

    ‘We’re not looking to take over competitors’

    Although Yee Yang Chien stresses the need for industry consolidation, he says MISC is not looking to go out and take over another shipping company. “If we were to do it, it would be through asset consolidation,” the president and chief executive said. “We don’t need to buy an entire company and its manpower if we stay in our four core business areas. The only exception would be if we are going in

    Gas  tradewindsnews.com 23 Jun 08:25 GMT Jonathan Boonzaier

    Glencore pays $4bn to states around the globe

    Australia tops the payment list of Swiss commodity trader for second consecutive year.

    Finance  tradewindsnews.com 23 Jun 08:19 GMT Nick Roumpis

    Cash for Cosco

    Payday is coming in a $4.2bn deal between the Export Import Bank of China (CExim) and China Cosco Shipping.

    Finance  tradewindsnews.com 23 Jun 07:57 GMT Bob Rust

    MOL and MES team up on big data

    Owner and shipbuilder join forces on vessel monitoring and AI.

    Shipyards  tradewindsnews.com 23 Jun 07:52 GMT Gary Dixon

    Barreras lined up for Ritz-Carlton ships

    Spanish shipbuilder says it has won contract for trio of luxury vessels for hotel group.

    Shipyards  tradewindsnews.com 23 Jun 06:29 GMT Gary Dixon

    Diana adds $3,000 per day as it fixes panamax

    Greek owner enters new charter with Phaethon for 2005-built bulker.

    Dry cargo  tradewindsnews.com 23 Jun 06:10 GMT Gary Dixon

    Greenship Bulk Trust set to shut up shop

    Jacques de Chateauvieux-backed venture calls time on Singapore-based company.

    Dry cargo  tradewindsnews.com 23 Jun 03:01 GMT Dale Wainwright

    South Africa blocks Japan liner merger

    Competition commission throws potential spanner in the works for Ocean Network Express (ONE).

    Liner  tradewindsnews.com 23 Jun 01:59 GMT Dale Wainwright

    Atlas Maritime joins Navig8’s V8 pool

    Greek shipowner is said to be entering 2003-built Japanese-built aframax into tanker pool.

    Tankers  tradewindsnews.com 23 Jun 00:04 GMT Dale Wainwright

    White House names Buzby as Marad chief

    Former Military Sealift Command head and current military transport association head still requires Senate confirmation.

    Legal  tradewindsnews.com 22 Jun 19:50 GMT Eric Martin

    Carnival profit up despite higher fuel cost

    Miami-based company also boosts expectations for third quarter and 2017.

    Passenger ships  tradewindsnews.com 22 Jun 19:15 GMT Michael Angell

    Analysts get short with Hansson's NAT

    Maybe a good thing Nordic American boss doesn't have time to hear their expectations for his stock.

    Tankers  tradewindsnews.com 22 Jun 17:23 GMT Joe Brady

    NITC tries again on demo sales of 1990s-built VLCCs

    National Iranian Tanker Co (NITC) is making new efforts to conclude scrap deals for two elderly VLCCs. The company was this week seeking offers by 25 June for the 302,000-dwt Aura and the 299,000-dwt Bright (both built 1993). The ships were circulated for a demolition sale in late April but so far little has emerged about the process. NITC will probably have to settle for a lower price. When th

    Weekly  tradewindsnews.com 22 Jun 16:45 GMT Trond Lillestolen

    PIL cape sale price signals falling values

    Pacific International Lines (PIL) of Singapore is selling a second modern capesize bulker at a price that indicates a fall in values. Sources say the Dalian-built, 180,000-dwt Pacific Canopus (built 2012) has been sold for $26m. In March, a sistership Pacific Capella (built 2012) was sold to JP Morgan for $28m. The Pacific Canopus is on a time charter to Koch until March 2018 at $12,000 per day

    Dry cargo  tradewindsnews.com 22 Jun 16:44 GMT Trond Lillestolen

    Sinokor bulker sale set to fetch $23m

    Korean shipping giant Sinokor Merchant Marine is set to sell a modern capesize bulker that it bought last year. The Daehan-built, 169,000-dwt Mediterranean Trader (built 2008) can be inspected in Newcastle, England, this week. A sale could prove a solid asset play for Sinokor as the bulker is likely to fetch $23m. The Mediterranean Trader was purchased from the Harry Vafias' company Eco Dry Vent

    Dry cargo  tradewindsnews.com 22 Jun 16:43 GMT Trond Lillestolen

    Orders may be understated as VLCC bull run continues

    A significant number of VLCCs have been ordered already this year, but analysts claim there could be a lot more deals to emerge

    Tankers  tradewindsnews.com 22 Jun 16:00 GMT Adam Corbett

    Heineken to refresh port other beers don't reach

    Heineken, the brewer that a few years ago advertised its lager under the banner “refreshes the parts other beers cannot reach” is taking a step into marine eco-fuels to help refresh a port's air. Alongside foodstuff distributor Nedcargo and commercial shipping biofuel company GoodFuels, Heineken is launching a pilot initiative into using sustainable fuels. GoodFuels will supply advanced marine f

    Weekly  tradewindsnews.com 22 Jun 16:00 GMT Paul Berrill

    Lightships’ expansion into larger offices is cause for celebration

    Lightship Chartering’s expanding Greek office invited friends and business partners for drinks last week, ahead of the beginning of the summer season. By autumn, the operation will move to new, larger offices in the seaside Athens suburb of Kavouri to accommodate a staff of 23 employees, which is set to expand to at least 30 by the end of the year. Headed by general manager Stefanos Markis, Li

    Weekly  tradewindsnews.com 22 Jun 16:00 GMT Harry Papachristou

    Sixth Piraeus forum goes down a storm as guests brave rain at gala

    Sudden raindrops failed to spoil Greek shipbrokers’ partying. Hundreds of guests at the Glyfada Golf Club in Athens were invited to celebrate the conclusion of Piraeus 2017, the sixth global shipbrokers forum held in the Greek capital. “Not everything went perfectly, but all of you were perfect,” John Cotzias, president of the Hellenic Shipbrokers Association (HSA), told more than 1,000 assemble

    Weekly  tradewindsnews.com 22 Jun 16:00 GMT Harry Papachristou

    Probe focus on containership path leading to US Navy frigate collision

    Investigators interview boxship master over suspicion of negligence, as the ACX Crystal's history of deficiencies come to light

    Casualties  tradewindsnews.com 22 Jun 16:00 GMT Adam Corbett

    Dreifa Energy buys PSV to create first FRU

    New floating regasification mover Dreifa Energy has bought its first platform supply vessel (PSV) which it plans to convert into a floating regasification unit (FRU) as part of a low-cost LNG import solution. The company, which was set up by two of the founding partners of Flex LNG just nine months ago, says it has entered into an agreement with Blue Star Line to buy the 2,597-gt PSV Blue Betria

    Gas  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    Algerian LNG carrier duo set for scrap sale in Turkey

    Elderly LNG ships are proving slow to move with 29 ships aged over 30 listed in the world fleet

    Gas  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    ‘Investor darling’ Hansson under fire from investors and analysts

    Session marked sharp contrast between NAT founder's prepared narrative and what some investors see

    Finance  tradewindsnews.com 22 Jun 16:00 GMT Joe Brady

    Veteran Norwegian Hull Club exec exits for Willis

    David Bellamy quits Bergen mutual after 22 years for broking challenge at Willis Towers Watson

    Insurance  tradewindsnews.com 22 Jun 16:00 GMT Jim Mulrenan

    Fraudsters brought to justice by UK Club detectives

    Two cyber criminals who defrauded a tanker owner have been brought to justice following an investigation by Signum Services, the private detective arm of Thomas Miller, the managers of the United Kingdom Mutual Steam Ship Assurance Association. Adebayo Apanpa and Gerald Akubude helped perpetrate an e-mail fraud on the shipowner after hacking the Internet operation of a ship’s agent. Using inform

    Insurance  tradewindsnews.com 22 Jun 16:00 GMT Jim Mulrenan

    Japan owners square up in Yamal shuttle ship shake-up

    Mitsui OSK Lines looks set to wrest charters for the remaining LNG carrier quartet from compatriot NYK

    Gas  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    Knutsen inks LNG carrier for Endesa charter

    Norwegian shipowner Knutsen OAS Shipping has confirmed an order with Hyundai Heavy Industries (HHI) for an LNG carrier newbuilding after snaring business from Spanish utility Endesa. The company has ordered one 180,000-cbm LNG carrier with M-type, electronically-controlled, gas-injection propulsion system for delivery in 2020 against a multi-year time-charter to Endesa. Knutsen is understood to

    Gas  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    Low claims help P&I clubs to post best performances for seven years

    Collective profit of the International Group P&I clubs reaches bumper figure of $585m with one member still to report

    Insurance  tradewindsnews.com 22 Jun 16:00 GMT Jim Mulrenan

    Qatar crisis leads to rise in Strike Club enquiries

    The crisis between Qatar and its Persian Gulf neighbours has sparked increased interest in insurance cover for delays to ships. The dispute has a strong shipping dimension with maritime trade affected by the diplomatic rift, with some of the restrictions close to a blockade. The Strike Club, which is the leading ship delay insurer, says no claims have been notified so far and, with just a single

    Insurance  tradewindsnews.com 22 Jun 16:00 GMT Jim Mulrenan

    BSU fails to solve mystery surrounding Askoe death

    German accident investigators have been unable to explain the death of a rating on the 5,000-dwt bulker Askoe (built 2005) in February 2015 after the ship had transited the Kiel Canal. The rating had stood down from his watch and was expected to rest. But his body was found the following morning by a colleague in a cargo hold access area. The man had fallen into the shaft, according to the repo

    Casualties  tradewindsnews.com 22 Jun 16:00 GMT Adam Corbett

    Low claims climate delivers profit boost

    A favourable claims climate helped the Norwegian Hull Club ring up a profit of $13.6m in the first quarter of 2017. Both underwriting and the investment performance contributed to the result that exceeded expectations. There was an underwriting profit of $3.5m, with the combined ratio for the three months at a positive 90%, compared with a loss incurring 120% for the same quarter of 2016 and a b

    Insurance  tradewindsnews.com 22 Jun 16:00 GMT Jim Mulrenan

    Arctic shipping a challenge but 'fun' - Paterson

    After 25 years in Canada, Tom Paterson, who heads Fednav’s Arctic shipping projects, knows full well the ups and downs of shipping in the Arctic as major mining projects open and close. But he says “the trend is generally upwards". About two decades ago, Paterson says bulkers were hauling about 1.3 million tonnes of base metals out of mines in the Canadian Arctic, chiefly zinc from the Polaris

    Dry cargo  tradewindsnews.com 22 Jun 16:00 GMT Michael Angell

    New Arctic Forum starts to tackle maritime transport issues

    But shipowners working in the region are anxious to ensure their voice is being heard in the debate

    Weekly  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    Arctic Economic Council lays out hot topics

    Shipowners working at the sharp-end of Arctic business held their first formal meeting together over three years ago under the watchful eye of the Arctic Economic Council (AEC). The AEC, which was originally convened by the Arctic Council as an independent business forum to facilitate and promote business activities in the region, organised the inaugural meeting of its Working Group on Maritime T

    Weekly  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    Russia makes waves in Northern Sea Route waters

    But commodity prices and ice cover will likely be the key determinants in how quickly marine traffic in the region expands, writes Lucy Hine

    Dry cargo  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine

    NSR voyage numbers rise but transits fall

    Murmansk-based Sergey Balmasov, who is head of information at the Centre for High North Logistics (CHNL), recorded 1,705 ship voyages on the Northern Sea Route (NSR) in 2016 but only 19 full transits. In a presentation, Balmasov detailed that of the 297 ships working on the route during the year, 190 — or 64% — were Russian flag and the majority were below 30,000 gross tons (gt) in size. General

    Dry cargo  tradewindsnews.com 22 Jun 16:00 GMT Lucy Hine