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  • Diana Containerships sets reverse split

    Athens-based shipowner readies fourth reverse split as its seeks to keep public listing.

    Finance  tradewindsnews.com 56 minutes old Michael Angell

    Solberg replaces Henriksen at NSA

    Harald Solberg returns from royal duties to take over as managing director of Norwegian Shipowners' Association.

    NEWS  tradewindsnews.com 59 minutes old Roderick Craig

    Seaspan confirms sales of ex-Hanjin vessels

    Vancouver-based containership giant also lays out time charters on three of its newest vessels.

    Liner  tradewindsnews.com 2 hours old Michael Angell

    Oldendorff bulker runs aground in Argentina's Parana River

    UPDATE: Tugs expected to reach Johann Oldendorff in next few hours to begin refloating efforts.

    Casualties  tradewindsnews.com 2 hours old Eric Martin

    Nordic American Tankers in talks for further time charters

    New York-listed tanker owner discussing more deals as Hansson voices pleasure with previous pacts.

    Tankers  tradewindsnews.com 5 hours old Andy Pierce

    Svitzer expands port coverage in Portugal

    Maersk-controlled tug owner adds seven ships on time charter from local operator.

    Offshore  tradewindsnews.com 5 hours old Nick Roumpis

    Fire breaks out on Maersk Line boxship

    The blaze, which started from the engine room, is currently under control as the vessel is idle off Ireland.

    Casualties  tradewindsnews.com 5 hours old Nick Roumpis

    Maersk Tankers makes 'ship-sized' investment in CargoMetrics

    New link-up with fund backed by Idan Ofer comes as billionaire has placed vessels into owner's pool.

    Tankers  tradewindsnews.com 6 hours old Andy Pierce

    Dof bags series of new deals as it turns red

    Oslo-listed owner secures higher utilisation for the remainder of 2017 but says the market remains weak.

    Offshore  tradewindsnews.com 7 hours old Nick Roumpis

    BW LPG shares fly on Fearnley Securities upgrade

    Stock in VLGC giant running hot after buy rating from Norwegian investment house.

    Gas  tradewindsnews.com 7 hours old Andy Pierce

    Second Royal 16 crewman rescued from hijackers

    Four of six crewman hijacked last November now accounted for, while two remain as hostages.

    Casualties  tradewindsnews.com 8 hours old Dale Wainwright

    Maersk Tankers joins forces with hedge fund CargoMetrics

    Investment in Boston shipping data specialist is latest landmark in Danish owner's digital drive.

    Tankers  tradewindsnews.com 9 hours old Andy Pierce

    Swire Pacific Offshore posts $88.4m loss

    Company expects poor results to continue, but says there are signs that the market is bottoming out.

    Offshore  tradewindsnews.com 11 hours old Dale Wainwright

    K Line swaps Hansa Tankers for Navig8

    Japanese owner has switched modern chemical tankers to new pool, but keeps two with Bergen outfit.

    Tankers  tradewindsnews.com 13 hours old Dale Wainwright

    US fines ship operator over illegal discharge

    Ship caught out following routine port state control ballast water examination.

    Casualties  tradewindsnews.com 16 hours old Dale Wainwright

    Falcon Energy seeks results release delay

    Singapore-listed offshore player wants more time as it tries to extend bond maturities.

    Offshore  tradewindsnews.com 16 hours old Dale Wainwright

    MST slapped with pollution indictment

    US grand jury charges German shipmanager of falsifying records to cover up oily discharges.

    Legal  tradewindsnews.com 17 hours old Eric Martin

    Merchant ship collisions spur US Navy to review safety

    Admiral calls for operational pause after second collision with commercial ship in just over two months.

    Casualties  tradewindsnews.com 21 hours old Eric Martin

    Bibby bulker under tow after fume scare

    Crew aboard supramax could not investigate cargo due to being overwhelmed by odour.

    Casualties  tradewindsnews.com 21 hours old Michael Angell

    BHP sees good market for seaborne iron ore

    Mining giant's outlook suggests continued strength in dry bulk market for iron and coal.

    Dry cargo  tradewindsnews.com 22 Aug 14:32 GMT Michael Angell

    MCA names Chapman in key casualty response role

    Canada’s Royal Military College graduate will replace Hugh Saw OBE, who will retire later this year.

    Finance  tradewindsnews.com 22 Aug 13:36 GMT Nick Roumpis

    Navios Holdings loss deepens despite top-line growth

    Red ink is deeper than analyst expectations, though Navios South American Logistics outperforms.

    Finance  tradewindsnews.com 22 Aug 13:02 GMT Eric Martin

    Koch linked to two Tsakos suezmaxes

    UPDATE: One ship remains on subjects while another may still be fixed by previous charterer.

    Tankers  tradewindsnews.com 22 Aug 12:44 GMT Michael Angell

    Maxim Group widens dry bulk coverage

    Three buys and a hold amid analyst's new dry bulk selections.

    Dry cargo  tradewindsnews.com 22 Aug 12:39 GMT Nick Roumpis

    Maersk Tankers sale could be slowed by weak market

    Analysts run the rule over remaining three oil-related businesses after Total deal.

    Finance  tradewindsnews.com 22 Aug 12:26 GMT Andy Pierce

    Suez Canal boosts revenue by 4.7%

    Egyptian waterway took $447.1m from owners in July.

    Finance  tradewindsnews.com 22 Aug 11:14 GMT Nick Roumpis

    Aframaxes join tanker scrapping train

    Aframax owners starting to follow VLCC lead due to negative sentiment in the market.

    Tankers  tradewindsnews.com 22 Aug 10:59 GMT Andy Pierce

    Gunvor deal puts Golar on track for financing

    Credit-Suisse says offtake agreement is a major step forward, with Fortuna FID expected later this year.

    Gas  tradewindsnews.com 22 Aug 10:10 GMT Andy Pierce

    Pareto Securities punchy on capesizes as market heats up

    Analysts suggest rates could reach $40,000 per day amid strong Chinese demand.

    Dry cargo  tradewindsnews.com 22 Aug 08:59 GMT Andy Pierce

    Havyard keeps positive full year sums in sight

    Norwegian shipbuilder expects to post operating profit in 2017 after second quarter red ink.

    Offshore  tradewindsnews.com 22 Aug 08:04 GMT Andy Pierce

    Cruise and crude fuel hike in newbuilding investment

    Over $33bn has flowed into newbulidings this year, according to figures from Clarksons.

    Ship Sales  tradewindsnews.com 22 Aug 07:35 GMT Andy Pierce

    Vessel impairments hurt CH Offshore

    But Singapore-listed entity believes that the “seeds of the ultimate recovery in the sector have been planted”.

    Offshore  tradewindsnews.com 22 Aug 05:55 GMT Dale Wainwright

    FREE

    NYK, MOL and K Line set for better times

    Japanese trio set to benefit from improving dry and containership sentiment, says Nomura.

    Finance  tradewindsnews.com 22 Aug 03:53 GMT Dale Wainwright

    Shipowner taken to task over crew safety

    UK P&I Club accuses owner of being reckless carrying out low priority task during rough seas.

    Casualties  tradewindsnews.com 22 Aug 02:56 GMT Dale Wainwright

    Weak backlog and Seadrill cast shadow over Mermaid

    DBS says issues cloud Thai offshore player’s future, but strong balance will prevent the worst.

    Offshore  tradewindsnews.com 22 Aug 00:18 GMT Dale Wainwright

    Tidewater chips away at holdout creditors

    Offshore vessel owner says it resolved some outstanding claims at amounts less than reserved.

    Finance  tradewindsnews.com 21 Aug 21:51 GMT Michael Angell

    Bahri puts latest VLCC under Saudi flag

    Part of ongoing efforts to move one of the world's largest tanker fleets to the domestic flag.

    Tankers  tradewindsnews.com 21 Aug 18:47 GMT Michael Angell

    Brazil prosecutors target Greek consul's ties to shipowners

    Konstantinos Kotronakis accused of setting up bribery scheme, with ties with Tsakos, Dynacom, Dorian and others under investigation.

    Legal  tradewindsnews.com 21 Aug 18:01 GMT Eric Martin , Andy Pierce and Harry Papachristou

    Nordic American Offshore busy in rising North Sea market

    Herbjorn Hansson-led PSV specialist sheds light on spot business during summer upturn.

    Offshore  tradewindsnews.com 21 Aug 15:34 GMT Andy Pierce

    Diana charters out idle boxship to OOCL

    Greek boxship owner reactivates vessel and now has only one unit in layup.

    Liner  tradewindsnews.com 21 Aug 13:57 GMT Nick Roumpis

    Hornbeck gets debt upgrade from S&P

    Upgrade from ratings agency reflects the company's success in refinancing 2019 notes.

    Offshore  tradewindsnews.com 21 Aug 13:47 GMT Michael Angell

    Sadler replaces retiring Westgarth at GasLog and MLP

    Richard Sadler takes on new executive position at Peter Livanos-led companies.

    Gas  tradewindsnews.com 21 Aug 13:20 GMT Andy Pierce

    Maersk Oil sold at 'right and full value', says Hemmingsen

    Maersk Energy chief Claus Hemmingsen discusses first of four business separations.

    Finance  tradewindsnews.com 21 Aug 12:56 GMT Andy Pierce

    Golar LNG's Fortuna cargoes go to Gunvor

    Offtake agreement with Geneva-based trader also allows Fortuna partners to sell spot cargoes.

    Gas  tradewindsnews.com 21 Aug 12:37 GMT Michael Angell

    Speed, style and price of Total deal boosts Maersk stock

    Maersk Oil deal differs from previous shipping sales but is not a one-stop solution for all energy divisions.

    Finance  tradewindsnews.com 21 Aug 10:49 GMT Andy Pierce

    MOL in breach of South Korea’s antitrust law

    Japanese owner exempt from paying a fine as it makes efforts to “regain public confidence”.

    Liner  tradewindsnews.com 21 Aug 10:30 GMT Nick Roumpis

    Tsuneishi recycling yard in line with HKC

    Philippines-based recycling facility wins verification from classification society ClassNK.

    Shipyards  tradewindsnews.com 21 Aug 09:52 GMT Nick Roumpis

    Blackrock eyes $880m investment in HMM

    Major investor looking to add South Korean owner to its vast shipping book.

    Finance  tradewindsnews.com 21 Aug 09:23 GMT Andy Pierce

    Qatar boasts new LNG cargo flexibility

    Gulf state marks innovative shipment while Nakilat completes first phase of LNG ship transitions

    Gas  tradewindsnews.com 21 Aug 08:33 GMT Lucy Hine

    Trafigura and UCP buy 49% of Essar Oil

    Consortium led by the leading charterer will become the largest shareholder in Indian oil company.

    Tankers  tradewindsnews.com 21 Aug 08:29 GMT Nick Roumpis

    AP Moller sells Maersk Oil to Total for $7.45bn

    Transaction could see Robert Maersk Uggla-led AP Moller Holding keep an interest in the business.

    Finance  tradewindsnews.com 21 Aug 07:24 GMT Andy Pierce

    Maltby increases skin in the game at Epic

    Chairman of gas carrier operator puts his money where his mouth is, despite weak LPG market.

    Gas  tradewindsnews.com 21 Aug 06:00 GMT Dale Wainwright

    CH Offshore names new chief financial officer

    Singapore-listed offshore vessel operator appoints Wong Soo Pin to finance hot seat.

    Offshore  tradewindsnews.com 21 Aug 03:53 GMT Dale Wainwright

    STX shipyard explosion kills four

    Deceased workers said to be working on vessel tank ahead of October delivery to Greek owner.

    Casualties  tradewindsnews.com 21 Aug 03:08 GMT Dale Wainwright

    Stealth Maritime MR collides with US Navy destroyer

    Ten men reported to be missing and five injured following incident off Singapore.

    Casualties  tradewindsnews.com 21 Aug 02:32 GMT Dale Wainwright

    Angelakos and Iino ships in Johor smash

    Collision leaves both bulker and tanker damaged, with reports of oil spill.

    Casualties  tradewindsnews.com 21 Aug 01:19 GMT Dale Wainwright

    Fjord Line heads to Australia for ro-pax

    But Aussie fast ferry catamaran specialist Austal says deal is still under negotiations.

    Passenger ships  tradewindsnews.com 20 Aug 23:47 GMT Dale Wainwright

    TEN fixes two suezmaxes on long-term hire

    Athens-based tanker operator expands on long-term relationship with major US oil concern.

    Tankers  tradewindsnews.com 18 Aug 18:46 GMT Michael Angell

    Kirby's chief financial officer steps down

    Departure of chief financial officer of tank barge operator not expected to have big impact.

    Offshore  tradewindsnews.com 18 Aug 17:02 GMT Michael Angell

    Analysts: TOTE order to pressure Matson

    Entry of new company into Jones Act market is unwelcome and creates headwinds for Matson, analysts say.

    Liner  tradewindsnews.com 18 Aug 14:43 GMT Michael Angell

    Klaveness Ship Holding cuts first half loss

    Tanker market a drag for Norwegian owner but second half progress is expected.

    Dry cargo  tradewindsnews.com 18 Aug 14:07 GMT Andy Pierce

    Diana gets pay raise on panamax boxship

    Rates on comparable size containerships up strongly from a year ago.

    Liner  tradewindsnews.com 18 Aug 13:59 GMT Michael Angell

    Golden Ocean eyes time charters and stays open to growth

    Birgitte Vartdal says some contract cover is in the pipeline and the owner will review expansion options.

    Dry cargo  tradewindsnews.com 18 Aug 13:29 GMT Andy Pierce

    Hafnia Tankers hit by weak products market in second quarter

    Mikael Skov’s Hafnia Tankers slipped into the red in the second quarter but remained in profit for the first half of the year. Oslo over the counter listed Hafnia saw its bottom line fall to a loss of $3.9m in the three months to the end of June, down from a profit of $6.6m at the same stage in 2016. Across the first six months of the year Hafnia recorded a profit of $2.4m, against the $16.3m s

    Tankers  tradewindsnews.com 18 Aug 12:32 GMT Andy Pierce

    Songa Bulk makes it 13 with kamsarmax deal

    Expanding Oslo-listed company brings its total spending to around $236.5m with latest bulker addition.

    Dry cargo  tradewindsnews.com 18 Aug 10:16 GMT Nick Roumpis

    GC Rieber slashes loss as Berg takes charge

    Norwegian offshore vessel owner reduces red ink on the back of higher utilisation.

    Offshore  tradewindsnews.com 18 Aug 08:40 GMT Nick Roumpis

    Kannegaard joins Monjasa as head of Copenhagen division

    Monjasa has strengthened its position in Copenhagen with the recruitment of Mikkel Kannegaard, the one-time personal assistant of legendary shipowner Maersk Mc-Kinney-Moller. Kannegaard will begin his time with the bunker and tanker group in Dubai before returning to Denmark. Svend Stenberg Molholt, interim managing director for Monjasa Europe, said: “Mikkel brings relevant experience from the s

    Tankers  tradewindsnews.com 18 Aug 08:17 GMT Andy Pierce

    TOTE unveiled as buyer of Philly newbuildings

    US owner and compatriot shipbuilder confirm project for boxship quartet.

    Finance  tradewindsnews.com 18 Aug 07:55 GMT Nick Roumpis

    J Lauritzen takes in six handysize bulkers

    Danish owner in chartering push as dry bulk market shows slow recovery.

    Dry cargo  tradewindsnews.com 18 Aug 07:43 GMT Andy Pierce

    Maersk Tankers in aframax pool push

    Chief executive says owner is aggressively seeking new ships for latest platform.

    Tankers  tradewindsnews.com 18 Aug 07:15 GMT Andy Pierce

    US Navy relieves officers over ACX Crystal collision

    USS Fitzgerald captain and second in command said to face career-ending actions.

    Casualties  tradewindsnews.com 18 Aug 06:37 GMT Dale Wainwright

    SITC sees profit grow in first half of 2017

    Hong Kong-listed feeder containership carried more containers, but at slightly lower rates.

    Liner  tradewindsnews.com 18 Aug 05:51 GMT Dale Wainwright

    Spring Liner linked to Ardmore MR deal

    Low-profile Singapore-based leasing company said to be behind sale and leaseback transaction.

    Ship Sales  tradewindsnews.com 18 Aug 03:44 GMT Dale Wainwright

    Weaker rates dent Team Tankers

    Oslo-listed shipowner continues to offload tonnage as it prepares for sector recovery.

    Tankers  tradewindsnews.com 18 Aug 01:00 GMT Dale Wainwright

    Saga Shipholding fleet atop 'E-Zero' names

    Norwegian shipowner has the most number of ships in preliminary round of designations.

    Legal  tradewindsnews.com 17 Aug 20:43 GMT Michael Angell

    Trade body 'alarmed' by US LNG exports

    Business league says it is seeking to block further agreements to ship US LNG to certain countries.

    Gas  tradewindsnews.com 17 Aug 17:26 GMT Michael Angell

    FLNG deal to sustain Golar Partners payout

    Delivery of floating LNG project is behind stated schedule, but analysts still see economics as sound.

    Gas  tradewindsnews.com 17 Aug 16:09 GMT Michael Angell

    Forrest's rulings in the MSC Flaminia case

    Order on Stolt's motion for summary judgment against BDP International Embed: Order on Stolt's motion for summary judgment against BDP International Order on Chemtura's and Rubicon's motion for summary judgment dismissing claims Embed: Order on Chemtura's and Rubicon's motion for summary judgment

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Eric Martin

    Here's golden opportunity to buy a classic tall ship

    A fresh attempt is being made to sell the British brig-rigged classic sailing yacht named after one of the “golden Greeks”, Stavros Niarchos. The 60-metre yacht is the subject of a private auction handled by London broker Eggar Forrester. Sealed offers for the vessel, which boasts 10 square-rigged sails, must be submitted to the broker by midday on 20 September. The Stavros S Niarchos is owned a

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Geoff Garfield

    Divers recover Lusitania telegraph

    A telegraph from the RMS Lusitania, the unarmed passenger and cargo liner whose sinking with the loss of 1,198 lives helped push the US into the First World War, has been recovered off southern Ireland. It is hoped the artefact will provide new insight into the sinking of the ship, which was attacked by a German U-boat in May 1915. Irish arts and culture minister Heather Humphreys says the teleg

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Eric Martin

    Songa Bulk adds two to kamsarmax bulker tally

    Oslo-listed asset-play outfit brings total to 14 vessels after splashing cash on two Japanese-controlled bulkers

    Dry cargo  tradewindsnews.com 17 Aug 16:00 GMT Trond Lillestolen and Andy Pierce

    How biomass revolution could drive fresh sea trade to Japan

    But questions mount over how much woody feedstock will be imported and the environmental credentials of the energy it produces

    Dry cargo  tradewindsnews.com 17 Aug 16:00 GMT Adam Corbett

    NY lawsuit reveals Economou’s real estate empire stretches far and wide

    A lawsuit filed against George Economou by a former flame has given some insight into the Greek shipowner’s property holdings. Documents filed by the lawyer of former live-in girlfriend Angela Ismailos and obtained by TradeWinds show that Economou developed four villas on Saint Barthelemy, the Caribbean island known as St Barts, which is a playground for the rich and famous. Ismailos, who is s

    Legal  tradewindsnews.com 17 Aug 16:00 GMT Eric Martin

    Changing lives in Africa at the touch of a button

    Time has come for the shipping and trading community to rally behind Mercy Ships’ second annual Cargo Day. After raising more than $300,000 from the first Cargo Day last year, companies are being urged to visit mercyshipscargoday.org and press the button to donate. It is hoped to double last year’s total and really establish the fund-raising event as a permanent fixture in the shipping calendar.

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Geoff Garfield

    BSM ‘homegrows’ its seafarer talent to tackle skills gap

    Investment in training key to overcome shortage of qualified officers for specialised tonnage and new technologies

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Roderick Craig

    Sailing drone a game-changer for ocean data collection

    The US National Oceanic and Atmospheric Administration (NOAA) has launched a fleet of wind and solar-powered research vehicles in what it calls “the summer of the sailing drones”. The Saildrones — part of a four-month project that began last month — are equipped with sensors that will harvest real-time data from the open oceans. The NOAA says they will help to deepen under­standing of how changes

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Roderick Craig

    Seven Islands secures two years for VLCC

    Indian shipowner Seven Islands Shipping has concluded a two-year charter for its only VLCC. The 299,000-dwt Lavails (built 2000) has been fixed by Indian Oil Co (IOC) for 24 months at $24,000 per day. The relatively low rate reflects the age of the tanker, which was purchased from BW Group as BW Ulan last December for $24.5m. Seven Islands is listed with a fleet of 12 tankers. In the aframax

    Tankers  tradewindsnews.com 17 Aug 16:00 GMT Trond Lillestolen

    Capesize spot rate rises reward early movers

    A rapid rise in spot rates for capesize bulkers has surprised many Owners who bought bulkers in the first half of last year when values bottomed out are now benefiting strongly from the mini-boom. By Wednesday, capesize spot rates stood at $17,000 per day. A year ago, the figure was $6,500 per day. The upturn is being followed by more period market activity. One-year rates are now close to tho

    Dry cargo  tradewindsnews.com 17 Aug 16:00 GMT Trond Lillestolen

    Australia in clampdown of flag of convenience shipping

    Foreign-flag vessels trading to Australia will face tougher scrutiny over wages and security and operate under a tighter legal framework

    Casualties  tradewindsnews.com 17 Aug 16:00 GMT Adam Corbett

    Wan Hai’s Naikai feeder newbuild deal collapses

    Taiwanese liner operator backs out of $236m boxship orders after change in strategy led to larger design requirements

    Liner  tradewindsnews.com 17 Aug 16:00 GMT Irene Ang and Adam Corbett

    Skou flags up strongest box market in years

    AP-Moller-Maersk chief executive Soren Skou says container shipping markets have their strongest fundamentals since the 2008 financial crisis. Improving demand in Brazil and Russia, and the smallest orderbook as a percentage of the fleet, have contributed to the most positive prognosis for the container shipping market in years, he believes. Skou made the comments as Maersk Line reported a profi

    Liner  tradewindsnews.com 17 Aug 16:00 GMT Ian Lewis

    VLCC rush continues as Japan unveils fresh orders

    Japanese shipyards won orders for three VLCCs last month, giving an indication that this year's demand for tankers still has momentum. The orders were revealed in monthly new contracting figures from the Japan Ship Exporters' Association (JSEA). The association does not name the yards or owners involved in the orders. However, last month Tokyo-listed Kyoei Tanker announced it had placed an order

    Shipyards  tradewindsnews.com 17 Aug 16:00 GMT Adam Corbett

    South Korea aims to be regional oil trading hub

    New products and chemical tanker trades could emerge as South Korea takes active steps to position itself as a Northern Asian oil trading hub

    Tankers  tradewindsnews.com 17 Aug 16:00 GMT Jonathan Boonzaier

    EU rows back on plans for green recycling licence

    Ships calling at European ports will not have to pay a “ship recycling” licence fee from next year, the European Union (EU) has decided. The idea was to introduce a licensing scheme for ships of all flags trading in Europe, with the funds raised being used to subsidise clean recycling. The licence was viewed by politicians as an essential part of the EU ship recycling regulation (SRR), which wil

    Casualties  tradewindsnews.com 17 Aug 16:00 GMT Adam Corbett

    Ocean eyes Japanese panamaxes and plans VLOC cargo bonanza

    Ocean Longevity back in secondhand market and making plans to serve its owner’s new Australian mine output

    Dry cargo  tradewindsnews.com 17 Aug 16:00 GMT Trond Lillestolen and Bob Rust

    Ghandour tipped for return to the tanker market

    Ghassan Ghandour is believed to have made a move for two VLCC resale contracts in a long-anticipated return to the sale-and-purchase (S&P) market. Ghandour’s Gulf Marine Management is understood to be the buyer of two tankers set to be rolled out of Jinhai Heavy Industry next year. Chatter has surrounded the two hulls for several weeks, with Greek owner Adam Polemis another familiar industry fac

    Tankers  tradewindsnews.com 17 Aug 16:00 GMT Andy Pierce and Trond Lillestolen

    Three Iranian controlled VLCCs among scrap quartet

    The weak tanker market has accelerated scrapping activity, with at least four VLCCs sold for demolition this week, three of them Iranian controlled. National Iranian Tanker Co (NITC) has sold the 298,000-dwt Nadin and Nona (both built 1996). The Nadin was sold "as is" in Singapore for $382 per ldt, or $15.9m, and the Nona "as is" in Khor Fakkan for $390 per ldt, or $16.3m. Market sources claim ta

    Weekly  tradewindsnews.com 17 Aug 16:00 GMT Trond Lillestolen

    Oita steel-plate plant reopens following fire

    Nippon Steel Sumitomo Metals’ (NSSM) Oita plant, the largest supplier of steel plate to Japan’s shipbuilding industry, has reopened after a seven-month closure. In January, the plant was forced to stop production because of damage caused by a fire. As reported by TradeWinds at the time, there was concern that the country’s shipbuilders might not be able to secure sufficient steel plate in time

    Shipyards  tradewindsnews.com 17 Aug 16:00 GMT Adam Corbett

    Venezuela in new legal battle over tanker spill

    Row over minor spill by Ultrapetrol ship flares into stand off between Venezuela’s Supreme Court and the 1992 IOPC Funds

    Insurance  tradewindsnews.com 17 Aug 16:00 GMT Jim Mulrenan

    IOPC Funds seeks uniformity on tanker spill laws

    A five-year strategic plan, which is being drawn up by the International Oil Pollution Compensation (IOPC) Funds, aims to address the problem of how the tanker spill conventions can best be interpreted consistently and in the way originally intended. Although one might assume that international conventions would produce rather similar outcomes around the world, national courts have proved surpris

    Insurance  tradewindsnews.com 17 Aug 16:00 GMT Jim Mulrenan