TradeWinds | Latest shipping and maritime news

Excelerate Energy looking at LNG carrier ‘candidates’ for conversion to FSRUs Navigator Gas keeps vessel earnings steady despite blow from Hurricane Beryl Is growth in Chinese yards leading to a glut in global shipbuilding capacity? Genco Shipping trots out first enhanced dividend for in-line quarter Trump will now build his team. Some names familiar to shipping are in the running Sveinung Stohle sets sights on shuttle tanker top spot after Angelicoussis scoops up Altera Soaring freight rates help K Line triple first-half profit Hapag-Lloyd inks ‘milestone’ order for 24 dual-fuel LNG container ships Donald Trump victory has shipping on alert with clouds around tariffs and sanctions SFL’s $4.7bn backlog shields company from Donald Trump trade noise, says Ole Hjertaker

Excelerate Energy looking at LNG carrier ‘candidates’ for conversion to FSRUs

Navigator Gas keeps vessel earnings steady despite blow from Hurricane Beryl

Genco Shipping trots out first enhanced dividend for in-line quarter

Special Reports

Is growth in Chinese yards leading to a glut in global shipbuilding capacity?

Trump will now build his team. Some names familiar to shipping are in the running

George Procopiou ramps up property bet with stake in iconic Athens resort and Posidonia hub

Stohle sets sights on shuttle tanker top spot after Angelicoussis scoops up Altera

Energy shipping embraces Donald Trump victory as he retakes the White House

Trump tailwinds back new Angelicoussis leadership team’s marquee takeover

Comment

Strap yourselves in for a new supercharged Trump era

Trump victory has shipping on alert with clouds around tariffs and sanctions

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Business Focus

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Cruise industry’s newbuilding revival focuses on big ships like never before

How China has taken a generational grip on the global shipbuilding industry

Japanese shipbuilders eye new breed of vessels as they play catch-up on global stage

Big hitters forecast further consolidation in fragmented ship management market

Giants make Greece a springboard for third-party ship management

The big picture: Ship managers look outside maritime to diversify operations

Dark fleet rises: How shadow ships serving Russia, Iran and Venezuela are adding cost and stress to ship managers

Family ties: German ship management giant forged as Zeaborn morphs into Wilhelmsen Ahrenkiel

‘There will be more M&A,’ says ship management veteran Carl Schou as he eyes retirement

Future-proofing: Four factors shaping the next generation of LNG carriers

Floating LNG starts to come of age as in-service units show results

Why stop when it’s just getting exciting: ‘Mr FLNG’ Javid Talib on a sector set for lift-off

NYK eyes 120-LNG vessel fleet to operate beyond the green transition

Cash-rich shipowners pump money into cleantech ventures

Cleantech scale-ups build presence in China as energy efficiency interest climbs

Vanguard of shipping companies invest in green fuel production

Vessel leasing giant puts focus into methanol-to-hydrogen technology

Has MOL-backed engine maker created the silver bullet of multifuel combustion?

American dream: How a $1bn value and large free cash flows have helped BW LPG shine stateside

Robert Bugbee shoots down special dividend demands as Scorpio Tankers ‘lives the dream’

Hapag-Lloyd inks ‘milestone’ order for 24 dual-fuel LNG container ships

SFL’s $4.7bn backlog shields company from Donald Trump trade noise, says Ole Hjertaker

Shipping stocks left behind as ‘Trump trades’ lift wider markets

Evergreen poised to spend over $2.75bn on mass mega-size container ship order

Andrew Hampson to seal Stainless Tankers ship sales ‘as soon as possible’

Soaring freight rates help K Line triple first-half profit

Ardmore Shipping sees product tanker market ‘acceleration’ into winter

SFL third-quarter profit jumps with ‘excellent cash flow visibility’ and deal-flow

People

C Transport Maritime celebrates 20 years with star-studded party in Monaco

Beer, chocolate and hydrogen: How Antwerp lured the Global Maritime Forum

Jesper Bo Hansen quits Maersk Tankers as ex-Norden executive steps up as pools boss

V.Ships appoints Onassis veteran Dimitris Patrikios as new head of Greek office

Apeejay Shipping recruits V.Ships Asia boss Ahlawat as new CEO

Who is Daniel Hockey? ‘Fixing machine’ steps into the spotlight at Affinity

Former HSBC executive Gordon French buys $100,000 chunk of Taylor Maritime Investments

‘If you stay still, you will hit a wall’: Polys Hajioannou talks succession, future fuels and shipping investment risk

Analyst-turned-banker Fotis Giannakoulis quits Fearnleys for ABN Amro

Vassilis Diamantidis-led Diamond Shipbroking boosts team with former Braemar brokers

Shell Marine appoints Houda Dabboussi as its new president

Robert Bugbee invests an extra $1.5m on Scorpio Tankers call options

Oil Brokerage hires former Braemar global head of tankers David Collins

Ulrik Andersen returns to shipping: ‘Time I swapped family time for Team calls’

John Fredriksen tops Norway’s rich list as cruise magnate Torstein Hagen takes second spot

Captain Pappu Sastry charts London IPO course for Adhira Shipping six months after taking control

Stena Line names former banker as chief investment officer at portfolio companies

UN trade guru Jan Hoffmann moves to World Bank to focus on port reform

‘Just incredible’: OSCAR dragon boat race raises record £666,000 for children’s care

George Procopiou pumps €500m into huge seaside real estate project

This Jones Act-opposing, ex-Hapag-Lloyd employee won’t win the presidential election. But he tried

Chipolbrok moves into bulk tramp arena with newbuilding orders for ‘XXL ladies’

Hapag-Lloyd taking over operations of German ship manager Hamburger Lloyd

Angelicoussis strikes deal to take over $2bn fleet of Altera Shuttle Tankers

Norvic Shipping exits panamax bulker sector as final two staff depart

Braemar eyes acquisitions as profit rises and backlog stays strong

Boxships

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OOCL commits $1.57bn to charters of Seaspan Corp container ship sextet

Pacific International Lines poised to spend over $700m on a series of new container ships

TS Lines files $145m Hong Kong IPO to raise cash for newbuilding orderbook

Erasmus Shipinvest keeps foot on gas with new ship deals and partnerships

Conflicts and climate catastrophes place trade growth projections on tenterhooks, Unctad says

Euroseas secures lucrative charters from OOCL on feeder trio

Zodiac Maritime leads the charge as ‘mini-boom’ hits container charter markets

Maersk shares defy wider stock market pressure after ‘robust’ profit forecast

What a difference a year makes: Clarksons charts major change in fortunes at Suez and Panama canals

Seatrade bags $150m from sale of container ship quintet to CMA CGM

Arrest warrant issued after Greek dockworkers block Israel-bound ammunition cargo

Container freight rates slide for 12th week in succession

Maersk expansion plans mark 100 years of trade in China

CMA CGM braced for $875m hit as French windfall tax offers new barrier to investment

European ports act to halt drug-haul container corruption

Clarksons reveals the most profitable ship type since 2021. Hint: Not a VLCC

Maersk warns of shipping green fuel dilemma as shortage swings to oversupply

MSC voices support for mandatory plastic pellet pollution rules and urges rivals to act

Maersk inks first batch of LNG dual-fuelled container ship orders as it embraces new fuel

X-Press Feeders spends $780m on six methanol-ready container ships

Odfjell feels the squeeze as product tankers compete for chemical cargoes

US election and China’s stimulus package leave Asian investors on a knife-edge

Hanwha Ocean opens new Dutch office as it grows offshore business

Stainless Tankers kick-starts sale process for two ships as profit jumps

Tanker stocks flip into ‘red’ for first time amid investor ‘general malaise’

‘Assume volatility’: How US election outcome could sway shipping stocks in key markets

Insurance

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Why some shipowners are staring down the barrel of insurance hikes next year

Shipowners shoulder higher premiums as insurance renewal round kicks off

Houthis or harsh weather? Insurance claims spike after ships rerouted to avoid Red Sea danger zone

Shadow fleet insurance network discovered in Russia, Cameroon and Kyrgyzstan

Broken bridge and a baby swing: US state brings massive claim as damages pile in over Baltimore disaster

P&I clubs and shipowner hire Washington lobbyist over Baltimore disaster

Star Bulk and Navision Shipping invoke Exxon Valdez law to lodge claims in Dali case

Skuld shoulders several large claims as it sinks to first-half underwriting loss

Second attempt to tow burning tanker out of Red Sea danger zone set to start

Tysers anoints Gard the king of the P&I jungle

Financial strength of big 12 P&I clubs at all-time high, says Gallagher

Tech tie-up alerts insurers to real-time maritime perils as global tensions soar

Shipowners poised to cash in on softening hull insurance premiums

Compensation boost for victims of worst Singapore oil spill in over decade

Aon: P&I clubs will struggle to justify premium increases in 2025

P&I insurer West warns over collision payouts linked to sanctioned Russian insurer

American Club cuts riskier ships from fleet as premium income takes a tumble

‘Worryingly high number’: Gard raises alarm on seafarer suicide rate

Offshore insurance deal a shield against global shocks, says Gard boss Rolf Thore Roppestad

Gard snaps up offshore insurer Codan in $163m deal

How sanctioned Iranian oil navigates through a dark and twisted supply chain to China

Special Reports

Shipbuilding

How China has taken a generational grip on the global shipbuilding industry

Odfjell profit dips quarter on quarter as chemical tanker spot market softens

Greek shipowner White Sea Navigation tied to modern MX Bulk ultramax deal

Cruise and Ferry

Lindblad shares skyrocket 25% after nearly fourfold surge in profits and record forward bookings

Ship Management

Managers Intership and Interorient merge to create fleet of more than 170 ships

LNG

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Mitsui OSK Lines and Singapore LNG confirm charter contract for FSRU newbuilding

Sale or scrap offers invited for stranded modern SK Shipping LNG carriers

Cyprus FSRU saga: Unit languishing in China could finally be set to leave

New Dubai ship manager takes over sanctioned Sovcomflot LNG carriers

Russia eyes new LNG STS sites to maximise use of Arc7 fleet

Has Christmas been cancelled for LNG shipowners?

Nakilat unveils earnings visibility with 879 years of firm charter contracts

Crown LNG closes in on US terminal site as it posts first results since listing

Marinakis’ Capital Clean logs $500m shelf filing to support growth

JERA linked to long-term period deals with two LNG shipowners

TotalEnergies finally confirms LNG bunker vessel newbuilding charter

Pessimism creeps into LNG market as temperatures and rates drop

UK’s Grain LNG terminal claims world first with MiQ emissions certification

SM Group’s Korea Line LNG named as behind single LNG bunker vessel order

Avenir fixes out LNG bunker vessel to Italy’s Eni in multi-year deal

TMS Cardiff Gas charters out newly built LNG carrier to Osaka Gas

Flex LNG boosts cash pile as it closes $430m funding round at ‘very attractive terms’

Pasha Hawaii sells veteran Jones Act container ship for recycling

Tanker and bulker fleet fracturing as new entrants lured by stronger rates, Xclusive says

New bulker alliance formed as Navalis buys into Oslo Bulk’s Dalaro Shipping

Seanergy records nine-month profit as quarterly result flips to the black

Port of Valencia reopens container terminals following flood aftermath

Greek VLCC breaks down en route from Saudi Arabia

Offshore

Greek shipowner John Dragnis dives into offshore market with major financial partners

Carsten Mortensen ‘absolutely focused on finding investments’ after Dee4 double hire

Oceaneering suffers offshore vessel repair costs and downtime amid profit gains

DOF Group inks new $50m contract for platform supply vessel

Evangelos Marinakis expands offshore fleet in deal with Arne Blystad

Seacor Marine takes broker to court after charterer’s bankruptcy

SSY hires well-known offshore pair as it targets subsea business

John Fredriksen adds to DOF Group stake with Oslo share purchases

Boluda stays on acquisition trail with deal for Finnish ice breakers

Cadeler sees ‘massive growth’ as BW-backed owner builds on shipyard relations

Green Yard Kleven wins gas support ship order from south-east Europe’s biggest producer

Private equity investor Riverstone completes ‘successful’ exit from offshore support vessel owner

John Fredriksen-Wilhelmsen tie-up Edda Wind fully booked with two deals for CSOV newbuildings

Saevik family keeps control of Havila Shipping as banks convert chunk of debt

Navigare and Norwind head back to Vard for offshore newbuilding

South African OSV operator OSC Marine buys compatriot operator

Peter Livanos venture EcoLog joins drive to forge UK carbon capture and transport hub

Golden Energy Offshore signs deal with Clear Ocean Partners and Pelagic Partners for two more vessels

Grampian Boaty McBoatface: Scottish shipowner North Star asks public to name new vessel

BW’s Cadeler expanding board to add Lloyd’s Register chair Thune Andersen

Insurance costs set for multi-year rises because of higher claims, say P&I chiefs

Can sail technology for specific charters avoid start-up valley of death?

Hoegh Evi teams up on floating hydrogen import terminal in France

Middle East weakness drives down product tanker rates

Navios Partners profit climbs amid ‘surprisingly positive’ period for shipping

MPC Capital latest owner to give the offshore wind market a spin with six-vessel order

Tw+

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‘Pencils down’: Regulatory uncertainty keeps many US clean fuels projects on the shelf

The restaurant that fed Lloyd’s of London: Underwriters’ bolthole under threat

‘Pure luck’ saved lives: Dramatic accounts emerge of close shaves as Red Sea crisis spiralled

In-depth

Bottom is here and winter is coming for VLGCs: How hot will rates get?

Beer money, banking and secrets to Sammy Ofer’s success. Charting the career of OSG boss Sam Norton

How former shipbroker and Wall Street banker ‘woke up’ at Ardmore

Ardmore Shipping taps ‘strong bench’ as it prepares for life after Tony Gurnee

Meet MOL’s climate tech leader in California’s Silicon Valley

Women shipbrokers call for end to ‘boys’ club’ culture

Women in shipbroking: Tickbox culture or a genuine shift to inclusion?

Comment

Shipbroking needs to embrace true equality and real respect so women may flourish

Deals, banks and growing pains: How Tidewater pulled off over $2bn in takeovers and still wants more

Shipping addiction and meditation: How a fourth generation owner was inspired to reinvent a vast business

Family fund, investment banking and water polo: The making of new d’Amico International Shipping CEO

In-depth

Why US-flagged shipping isn’t ready for war

‘Teslas of the seas’: The ammonia-fuelled vessels poised for their debut

Ammonia engines face pilot testing as pressure mounts for first deliveries

Founding fathers, prohibition and US protectionism: Why the Jones act isn’t what you think

Tim Jones was happily retired and running a French truck stop. Then his phone rang

High seas to prison hell: Captain stuck behind bars after life-changing ‘slip of the tongue’

Trader ADM slashes 2024 profit estimates as earnings call cancelled

Eventual Opec+ production hike could create demand for 55 more VLCCs, Tankers International says

Cruise industry’s newbuilding revival focuses on big ships like never before

Chinese buyers fight off Greeks for Japanese-owned VLCC

Tankers and LNG carriers to gain from resurgent oil and gas investment, Clarksons says

Grimaldi-backed Finnlines closes in on tender for ropax trio

Insight & Opinion

Comment

How Exxon Valdez law could sway the damages awarded in Baltimore bridge legal battle

Comment

Stormtroopers, shipping and the shadow fleet: Why the seas need rules

Inside the ITF: How seafarers and ‘superhero’ dockers forged a living legacy

Viewpoint

Standardisation is needed to cement the winds of change in propulsion

‘Cash machine’: George Youroukos-linked Global Ship Lease set to pile up profit backed by fresh deals

Healthy tanker and bulker markets will allow Euronav to fund huge orderbook, Clarksons says

Alexander Saverys says lights are green on crude tanker demand with peak oil some years off

Buy International Seaways stock, says Clarksons as shares slip into discount zone

LNG market supply constraints set to extend out to 2026 to 2027, Cheniere says

‘Most profitable shipping markets in decades’ hang in balance with US election, warns Euronav

Viewpoint

Potent principles withstand greenwashing: Why ESG remains mission-critical for shipping

Wavelength podcast: Leif Hoegh and Norden on investments and Maersk’s methanol pivot

Comment

Global stock shock: Five factors for shipping investors to digest

Wavelength podcast: LNG-fuelled collision, Scorpio sets the pace and West P&I heads east

Panamax bulker owners cash in from fertiliser trade revival, says Braemar

LNG bunker vessel smash could have proved fatal. Here’s why and what we can learn

All scrubbed up: Scorpio Tankers’ technical czar speaks on future of exhaust devices

Arrow Shipbroking: La Nina weather switch ‘almost a red herring’ for dry bulk

Shell chief executive Wael Sawan ‘very bullish’ about role of LNG in longer term

Comment

Shadow fleet VLCC hit-and-run resurrects oil spill ghosts for shipping

EU’s new Greek shipping czar vows to crack down on shadow fleet

Shanghai heralds million-tonne green-fuel shipping target in energy switch

Fearnley Securities strikes fresh project finance deals worth $180m with more in the pipeline

Clarksons welcomes 22 new trainee brokers to offices around the world

PIL confirms neo-panamax boxship orders as fleet renewal drive takes shape

Houthis extort $2bn from shipowners in Red Sea protection racket, UN told

DNB rides shipping M&A boom with cash-rich owners still sitting on dry powder

Oldendorff aims for significant fuel savings from giant Flettner rotors installed on panamax bulker

Container ship deliveries hit new record of 2.5m teu

Western Bulk expanding board with former Fredriksen director Laurin

LNG gathers momentum in 2024’s strongest month for alternative fuel orders, DNV says

US arrests man over Venezuela ‘dark shipping plot’

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