TradeWinds | Latest shipping and maritime news

Euroseas orders container ships in China as earnings blow past Wall Street bets Idan Ofer boosts car carrier newbuilding orderbook with six dual-fuelled ships New Eletson Holdings CEO works with Toronto hedge fund Murchinson US official says Houthis seeing themselves as ‘not so much subordinate’ to Iran Zim at the ready for changed world under Trump administration Ningbo Ocean doubles bulker fleet with ultramax newbuilding swoop Bargains to be had as smaller tankers keep S&P market ticking over Vard snares five-ship offshore wind vessel order from mystery buyer London Greek player Helikon sells supramax duo ahead of newbuild delivery wave As tanker rates keep rolling, China could have thrown up another hurdle

Idan Ofer boosts car carrier newbuilding orderbook with six dual-fuelled ships

New Eletson Holdings CEO works with Toronto hedge fund Murchinson

Euroseas orders container ships in China as earnings blow past Wall Street bets

Greek shipowner sues after insurers snub $50m payout on VLCC seized by Iran

US official says Houthis seeing themselves as ‘not so much subordinate’ to Iran

Eidesvik Offshore’s term cover lifts profit to eight-year high despite sluggish market

Zim at the ready for changed world under Trump administration

Trump taps prominent shipping name to head US Commerce Department — again

Eletson sails out of bankruptcy court with a hedge fund backer, a new CEO and no debt

As tanker rates keep rolling, China could have thrown up another hurdle

Costamare bulker platform slides deeper into red in third quarter

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LNG

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End of days for LNG steamships: SK Shipping breaks cover with unprecedented four-ship scrap deal

Samsung Heavy Industries unveils wind-assisted LNG carrier design

Venture Global poised to rise through US LNG producer ranks as second plant set for exports

LNG ships divert to Europe as Gazprom’s OMV supply ban boosts prices

Seapeak buys Navigare Capital Partners’ three-year-old LNG carrier

Tor Olav Troim’s Golar LNG cut to ‘hold’ as Fearnleys sees ‘tight pricing’ of stock

‘Massive cash pile’ supports ‘highly appealing’ dividend yield at John Fredriksen’s Flex LNG

Awilco LNG falls to loss and scraps dividend in ‘weakest spot market for years’

Flex LNG set to market redelivering vessel in early 2025 as charterer drops option

Golar LNG aims to bag charter in 2025 for its next FLNG conversion project

‘Trumponomics’ set to free up 90m tonnes of new LNG, Flex chief executive says

Golar faces $300m cost to relocate FLNG unit from West Africa to Argentina

BP secures use of Flex LNG duo for 10 years in huge charter

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

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

MOL parks 20-year-old LNG steam turbine ship in lay-up area

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

Insight & Opinion

Supercycles, tariffs and changing trade lanes: Container shipping is adapting to new world order

Why following the money, not military action, is likely key to ending Red Sea shipping crisis

Tanker S&P market running dry as buyers unwilling to meet seller demands

‘We can’t wait for war to end’: One year on, Galaxy Leader crew languish in Yemen

Energy shipping marks second-strongest newbuilding year as 2024 hots up

Belships ‘turned the ageing supramax fleet into an opportunity’, says boss Lars Christian Skarsgard

Hong Kong shipowners Chao, Banga and Koo ready to fight in turbulent world

Could US soy shipments see China retaliation tariff if trade war gets back in full swing?

WFW lawyer believes market is set for commodities bull run in Trump era

Trump’s fondness for fossil fuels could drive US refining capacity, broker says

Tough times ahead for shipping when ‘wave of disruptions’ breaks, Danish Ship Finance says

Trump 2.0: Is the comeback kid about to start a US shipping ‘revolution’?

Trump victory could lead to short-term spike in container freight rates, says Xeneta

Ardmore Shipping sees product tanker market ‘acceleration’ into winter

Saverys’ CMB.Tech eyeing asset sales in bid to head off covenant breach, says Clarksons

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

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

Shipowner JL Mowinckels enters new sector with ultramax bulker order

Hong Kong shipowners: It feels like we’re in ‘The Twilight Zone’

Trading giant Gunvor seals $2.3bn finance deal linked to emissions of chartered fleet

Mercy Ships becomes charity partner of Norway’s maritime industry to boost newbuild construction

Idan Ofer, Evangelos Marinakis and Synergy pioneer autonomous vegetable growing on ships

Chinese bulker suspected of underwater cable ‘sabotage’ held off Denmark

Boxships

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Supercycles, tariffs and changing trade lanes: Container shipping is adapting to new world order

Iran’s national shipping company slapped with sanctions amid Russian weapons and ammunition links

MPC Capital profit boosted by Zeaborn acquisition

Maersk completes first methanol conversion of large container ship infamous for deadly fire

Seaspan and Ocean Network Express forge ship management venture

‘Taiwan Inc’ liner operator trio log $6bn in container shipping profits

Ernst Russ sees profits and revenues slide on lower charter earnings

Strife on docks as US port labour talks break down again

Global Ship Lease bags $400m container ship quartet as profit edges up

Cosco teams with commodity trader and Thai conglomerate to secure green methanol for ships

European ports secure funding to speed up onshore power supply for container ships

Saverys’ CMB.Tech offers ‘attractive entry to future-proof shipping’, says Fearnley Securities

Regional Container Lines targets expansion after sevenfold rise in profits

TS Lines raises $121m from Hong Kong listing as shares rally

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

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

Pasha Hawaii sells veteran Jones Act container ship for recycling

Port of Valencia reopens container terminals following floods

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

RED SEA

The terrorist named ‘Rainbow’: Meet the man accused of funding the Houthi war on shipping

Maersk Tankers takes $40m hit in legal battle linked to collapsed empire of tycoon OK Lim

Golden Energy Offshore flips to profit as fleet growth continues

Ocean Yield reveals profit growth as six ships snapped up from leases

‘At risk of failure’: Four retail brands accused of stalled progress on shipping emissions

Star Bulk cranks up profit and scores $130m debt deal

Sustainability

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Hong Kong Convention architect Nikos Mikelis elected chairman of new Bimco Ship Recycling Alliance

Shipping in full swing as golf day scores £20,000 for Mission to Seafarers

Peter Livanos venture Ecolog teams with Tata Steel on green hydrogen and CO2 shipping corridor

Tanker owner Odfjell wins most sustainable company award in home city of Bergen

Steal this idea: Wallenius Wilhelmsen hatches plan pricing in alternative fuels and wants you to use it

How shipowners and crew can profit from competitive fuel savings. DSF research boss Christopher Rex explains

Cosco teams with commodity trader and Thai conglomerate to secure green methanol for ships

Wavelength podcast: sharing fuel benchmarking profits, and the commodities bull run

Legal risks rise for shipping ‘up and down the value chain’ as FuelEU Maritime looms

Sir Jim Ratcliffe’s Ineos and Wagenborg move into CO2 shipping with a royal seal of approval

Shipping failing as emissions return to 2008 peak, UK study finds

Pioneer lines up order for first hydrogen-powered ropax ferry to be built in the US

Hoegh Autoliners and Fortescue team up to speed development of green ammonia supply chain

‘It’s a monster’: BSM boss Ian Beveridge launches FuelEU broadside as new law threatens to pack a punch

New boss to turn wind propulsion posterchild Norsepower into an industrial force

Wallenius and ABB team up to provide fleet support for smaller shipowners

European ports secure funding to speed up onshore power supply for container ships

Maersk Tankers goes for suction sail retrofits on five vessels

Pink Panther makes Singapore debut as robot developer ECOsubsea eyes hull cleaning niche

ShipTech News: Will renting out the wind work? Ask Di

Supercycles, tariffs and changing trade lanes: Container shipping adapting to new world order

Judge threatens to close the book on third lawsuit against Kalani Investments

CDB Leasing snaps up Sainty Shipbuilding ultramax resales

Red Sea

How religion is raising red flags for seafarers in the Red Sea

Asia’s biggest offshore shipowner gets $100m funding pump from Australian state

Houthis confirm strike on bulker as shipping marks first anniversary of Red Sea crisis

People

Risor and Baltic Shipping forge new dry bulk venture with industry veteran at the helm

Pool veteran Christos Matarangas makes comeback with new tanker outfit

SCI promotes former female junior officer to finance chief

SSY seeks to close gender gap between East and West

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

Trafigura funnelled shipping bribes through ‘Mr Non-Compliant’, claims court filing

Bulker owner EuroDry posts sixth loss in seven quarters as it boosts firepower

Tankers in for ‘a winter of discontent’ as China reshuffles declining imports

BW LPG sale shows VLGC asset prices rising despite ‘stunted’ rates, Jefferies says

Red Sea

Hazard warning: Houthi fighters leave a toxic legacy, warns shipping watchdog

Venture Global poised to rise through US LNG producer ranks as second plant set for exports

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’

UPDATED

DNB targets fee income growth as it builds on status as shipping’s top M&A advisor

German engineering lobby group sets out pan-European aims

Cruise and Ferry

Offices raided as MSC, Moby and GNV face competition probe in Italy

Private equity-backed Premuda extends bulker and tanker sell-off

Start-up enters shipowning scene with order for 12 bulkers at Chinese yard

Greek owner Laskaridis makes his largest tanker play with double resale deal

Insurance

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Spectre of a permanent parallel fleet of shadow tankers hangs over shipping, IOPC chief fears

P&I market leader Gard reveals premium rise after bumper results

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

New CEO takes helm at London P&I Club as old cases cast shadow

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

Why following the money, not military action, is likely key to ending Red Sea shipping crisis

Steve Kunzer says goodbye to Lila Global after near two-year stint

Tomini beefs up new chartering arm with high-profile hires as it quits kamsarmax sector

Red Sea

How Houthi tactics have evolved during a year of terror

Red Sea

Houthis: We don’t accept bungs to give ships safe passage

‘Abnormal’ times: Conflicts and claims prompt NorthStandard to push up premiums

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

Largest ever batteries installed on a ship show their power during sea trials

Damaged bulker accused of dumping potentially explosive cargo in North Sea

Red Sea

‘Desperate and forgotten': One year on, Galaxy Leader crew languish in Yemen

MOL teams with utility on liquefied hydrogen carrier design

BW LPG steps up fleet renewal with sale and purchase of VLGCs in deals worth $135m

Fredriksen-backed Edda Wind banking newbuilding contract and financing

Jobs

Senior Commercial Manager

LNG ships divert to Europe as Gazprom’s OMV supply ban boosts prices

Hanwha Ocean wins order for two VLGC newbuildings as MOL doubles up

Longship lists €60m bond issue in Oslo as newbuilding slate swells

Maersk completes first methanol conversion on ship infamous for deadly fire

Safe Bulkers announces $22m share buyback after profit jump

Taiwan Navigation splashes $78m on ultramax bulker newbuildings in Japan

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