TradeWinds | Latest shipping and maritime news

Delfin Midstream adds on new LNG sales deal with Gunvor Pyxis Tankers moves further into dry arena with deal to buy Safe Bulkers kamsarmax Future fuels: Lighting a fire under maritime’s fuels revolution Tankers International teams with Baltic Exchange on VLCC data and benchmarks Green for go: Clarksons forecasts ‘another positive year’ for tankers in 2025 ‘I hate leaving survivors by themselves’: the rescuer who remained on pitching deck A $110m VLCC? Interested parties kick the tyres as tanker values climb Is the US playing politics as questions remain over identity of Central Park attackers? Oslo bourse loses another shipping company as GC Rieber goes private Steel-hungry CMA CGM seeks sub-panamax container ship newbuildings

A $110m VLCC? Interested parties kick the tyres as tanker values climb

MR at $166k a day? Scorpio Tankers keeps killing it in Atlantic Basin

Pyxis Tankers moves further into dry arena with deal to buy Safe Bulkers kamsarmax

Is the US playing politics over identity of Central Park attackers?

Green for go: Clarksons forecasts ‘another positive year’ for tankers in 2025

‘I hate leaving survivors by themselves’: the rescuer who remained on pitching deck

Delfin Midstream adds on new LNG sales deal with Gunvor

Special report

Future fuels: Lighting a fire under maritime’s fuels revolution

Red Sea war risk market hardens for Israeli-linked ships

Stolt-Nielsen re-routes giant chemical tanker fleet away from ‘unreliable’ Panama Canal

Oslo bourse loses another shipping company as GC Rieber goes private

Now online Click and read latest edition of TradeWinds

Business Focus

See all articles

EU backs global shipping levy as it seeks to deflect carbon trading criticism

Carbon emissions trading has arrived but at what cost?

BRS floats alternative EU carbon clause amid uncertainty

Want to start trading EU carbon credits now? Watch out for the bureaucratic logjam

Greek shipping navigates treacherous, uncharted waters

Kollakis clan drawn to newbuildings but keeping fuel options open

Petros Pappas tells why Star Bulk Carriers is keeping its powder dry on fuelling

Panos Laskaridis talks about succession planning, Greek-style

South Korean shipyards seek silver bullet to labour crunch

‘Made in China’ breathes new life into mothballed shipyards to drive capacity

Shipyards set fair as decarbonisation demands drive fleet renewals

Alternative fuelling choices not going to get any easier in 2024

China’s ascent in shipowning drives fresh demand for old hands in ship management

Cyprus’ Themis Papadopoulos unveils plans to burnish ship management credentials

Geography trumps geopolitics for Cyprus amid the fog of war

Fleet Management’s Kishore Rajvanshy on tackling challenges and reaping rewards

MaruFleet venture to drive Marubeni shipowner MMSL’s decarbonisation journey

lisw23

London shipping: Are the Baltic Exchange and FFA market experiencing the ‘seven-year itch’?

lisw23

‘What’s London got to do with it?’: Shipbroking confronts a new world order

Only the strongest survive in London’s ‘overcrowded’ legal market

Insight & Opinion

Comment

US targets individual vessels as new sanctions battle front opens

Wavelength

Wavelength: Why shipowners should be alert — and not just in the Red Sea

Comment

Economic uncertainty looms over shipping but dark clouds worry some more than others

A clear wealth divide is growing between P&I clubs

Wavelength

Wavelength: Container ship players face a ‘car crash’ — and don’t have any brakes

Container shipping ‘car crash’ predicted in 2024 followed by years of overcapacity

Wavelength

Wavelength: Will the International Energy Agency’s oil warning hit tankers?

Green steel: ‘Classic’ capesize cargoes evolve as steel industry seeks to slash emissions

Wavelength

Wavelength: How ‘dark’ fleets and Gaza are turning the IMO into a war zone

China’s lagging economy may spare capesize bulkers if ‘two grey rhinos’ can be avoided

Streetwise

Streetwise: Tsakos Energy Navigation celebrates 30 years of publicly dodging black swans

US forecasts record corn crop, boosting prospects for dry bulk shipping

insight

Will a shakeup of EU’s antitrust laws rock the liner shipping boat?

Volatility blurs LNG carrier outlook as traditionally busy winter season kicks off

Car carrier shortage bodes well for PCTC sector as demand for vehicles drives upwards

Editor’s selection: Euronav carve-up? Dubai’s dubious accolade and police probe Ince deal

Nordic American talks up suezmaxes: ‘The market is good for our ships’

Forget Phoenix, no more Nordic: It’s all Pangaea Logistics from here

It’s a compromise, stupid! Former Cyprus shipping minister Vassilios Demetriades spills beans on EU horse-trading

10 years after: John Wobensmith tells ASBA forum about the decade past and the one ahead

Zodiac tanker freed after brief boarding by unidentified assailants off Yemen

Avance Gas says VLGC market ‘continues to rip’ as profit heads up

CMB’s Windcat orders two more hydrogen-powered CSOVs in Vietnam

Israel’s Zim warns of ‘longer transit times’ as it decides to reroute some vessels

Mitsui & Co named as buyer behind Hyundai Mipo gas carriers

NRP makes offshore shipping move in tandem with Kenneth Fjeld’s Vega Maritime

People

Mats Berglund makes surprise return to Pacific Basin

Shipowner Galtung Dosvig backs cash-strapped singer Melanneyn with grant

Avenir LNG loses CEO Peter Mackey as search starts for replacement

Squire Patton Boogs raids Ince to boost Hong Kong team

Hill Dickinson boss Peter Jackson to step down after 40 years with UK law firm

CJC brings in trio of Ince lawyers led by Chris Kidd to reinforce growth strategy

Seasure broker Charlie Long completes initial line-up at new London shop M3 Marine

Clarksons-backed Sea promotes former ZeroNorth executive to product chief

Denmark’s DFDS hunts for new finance chief as Karina Deacon quits

Say goodbye to Phoenix Tankers and hello to MOL Energia

OOIL appoints Chen Yangfan as CEO in management shake-up

Navigator brings in Janette Marx as longest-serving director David Kenwright resigns

Digital freight forwarder Flexport slashes workforce by 20%

Stephenson Harwood scoops eight shipping lawyers from Ince in Hong Kong and China

Ince partner Richard Oakley joins law firm CMS in Hong Kong

Wilhelmsen’s new energy chief Wang leaves Astrocast board due to ‘policy changes’

Norwegian economist seeks to inspire women with Onassis shipping award

In pictures: Carisbrooke Shipping wins charity golf match after a shotgun start

Joint winner of Global Maritime Forum essay competition proposes worldwide crew pool

Watson Farley & Williams beefs up Athens hub with six more Ince defectors

Genco snaps up scrubber-fitted capesize in renewal push

Chinese investor with $188m claim behind HK Albatross Maritime VLCC arrest

Cost of EU carbon allowances to be included in capesize freight assessments

Chartering and newbuildings boost full-year profit at Marco Polo Marine

Special report

Future fuels: Ammonia-fuelled vessels polarise opinions over design and operation

Maersk offloads remaining position in Hoegh Autoliners $169m share sale

LNG

See all articles

Golar LNG fielding offers for Hilli Episeyo even with more than two years left on contract

Golar’s FLNG Gimi finally sets sail for Africa

Capital Product Partners buys 11 Marinakis LNG carriers for $3.1bn in pure-play gas move

Evolving for expansion: Charting LNG cargo containment’s rough passages

Russian LNG still flooding into Europe despite calls for a halt

Flex LNG talks up 2027 opportunities for its next open LNG carriers

New Fortress Energy introduces first gas into its FLNG unit off Mexico

Cheniere inks sales deal that could see it deliver LNG well beyond 2050

MISC Berhad to convert older steam-powered LNG carrier into FSU for Petronas gas contract

Anemoi ties up with Hudong-Zhonghua on sail design for LNG carriers

Shipowners turn to spot LNG bunker deals in volatile market, Integr8 Fuels says

Future of five-year-old LNG ship duo hangs in balance as legal rows roll on

Japan’s MOL taps Indonesian partner for new LNG crew

‘Let’s shout about what we’re doing’, says gas body SGMF as it turns 10

Excelerate Energy unveils emissions cuts in first ESG report

Peninsula positions its new LNG bunker vessel baby off Gibraltar

Qatar presses start button on world’s ‘largest’ LNG expansion project

LNG-fuelling sees resurgence in newbuildings in last two months, DNV says

Seaspan ties up with AES on LNG bunkering for Panama Canal

QatarEnergy inks 17 slots at HHI as it fires gun on Phase 2 of huge LNG newbuilding project

Safe Bulkers sells kamsarmax as it phases in Phase 3 newbuildings

In pictures: Womar reels in the chemical tanker crowd at Andaz luxury hotel

Capesize bulker market jumps 13% in a day to reach six-week high amid Atlantic tonnage shortage

Performance Shipping logs slight earnings dip as day rates declined in third quarter

Green Seas

Podcast: Tackling the rainfall crisis that’s crimping the Panama Canal

Clarksons poaches Leme Chartering brokers to spearhead Brazilian drive

Sustainability

See all articles

Special report

Future fuels: Lighting a fire under maritime’s fuels revolution

CMB’s Windcat inks orders for two more hydrogen-powered CSOV vessels in Vietnam

Podcast: Tackling the rainfall crisis that’s crimping the Panama Canal

Cost of EU carbon allowances to be included in capesize freight assessments

Special report

Future fuels: Biofuels are a starting point on the path to zero emissions but the future is less certain

HMM slaps emissions scheme surcharge of up to $67 on boxes

Climate activists blockade Australia’s biggest coal port, threaten ‘landmark struggle’

Editor’s selection: Saverys cement Euronav takeover, shipping sucked into Gaza War, and is the VLGC dead? … Long live the VLAC!

Container lines to bear brunt of $7bn European emissions scheme cost

‘Remarkable accomplishment’: Teco 2030 hails first zero-emission power from hydrogen fuel cell

breaking

Danelec snaps up Nautilus Labs in move to marry optimisation software with onboard tech

Gerdes Green grabs state cash for Cargill-chartered eco newbuilds at Damen

Green Seas: Is EU emissions trading ready for shipping — and vice versa?

Ocean Network Express to trial box-based wind propulsion technology

Maersk’s Morten Bo Christiansen says green methanol supply from China is the ‘real deal’

Green Seas

Podcast: The next steps in making Bangladesh’s ship recycling sector greener

MAN Energy Solutions and others seek new technology solutions in battle with methane slip

Terminal puzzle: Focus turns on ports as shipping looks to optimisation to cut emissions

European Energy looks to expand green e-fuels footprint to Brazil

In pictures: TradeWinds forum in Tokyo tackles pathway to net zero

Special report

Future fuels: Biofuels are a starting point on the path to zero emissions but the future is less certain

Clarksons says Chinese yards winning most orders as consolidation keeps prices high

Winter tanker upside could be weakened by incoming Opec+ decision

Special report

Future fuels: Bio-LNG counts down to liftoff as European regulations loom

Update

Second Israeli-owned ship attacked by Iran-backed forces as shadow war intensifies

EU envoy vows to ramp up crackdown on Russia sanctions busters

Boxships

See all articles

MPC Container Ships raises outlook despite weak market, hives off more vessels

Interview

Shadow of Gaza war looms as Zim faces ‘difficult times’

Danaos adjusted earnings slip just below analyst expectations amid container market challenges

CMA CGM sees profits plunge again with new capacity to ‘pull down freight rates further in 2024’

SFL locks in neo-panamax charters and upgrades with Maersk and Hapag-Lloyd

Next three years are ‘critical’ in the race to decarbonise, says MOL’s Hashimoto

MSC is largest owner of vintage container ship tonnage

Norway’s North Sea Container orders ‘world’s first’ ammonia-fuelled container ship

K Line profits slide as dry bulk and box ships struggle

Lomar refinances six ships and lifts transactions with Macquarie to $150m

‘Substantial overcapacity’ darkens Moody’s view of container shipping

Nailed it: Matson reports profit at upper-end of analyst-beating guidance

Silk Alliance sets out plans to put green container corridor into action

Hapag-Lloyd and Norsul form Brazilian cabotage operator

new

Transworld falls just short in bid to delist Shreyas Shipping

European Commission rips up the rulebook by ending block exemption

Maersk and Musk team up to provide Starlink internet to 330 container ships

Clarksons looks through the eyes of cargo owners as it reveals freight cost pain

Russia-linked container ship trades: the feeder market’s best hope?

More iPhones to go by sea as Apple looks to slash carbon footprint

Dorian LPG linked to single giant ammonia carrier order at Hanwha Ocean

Swire Projects kickstarts ‘semi-liner’ transpacific sailings for project cargo

HMM slaps emissions scheme surcharge of up to $67 on boxes

Aegean Shipping turns to Cosco to build its first ice-class tankers

MSC consigns fire-damaged container ship to the scrap heap

Sierra Leone ports operational with reduced hours following armed clashes

Insurance

See all articles

Marine underwriters poised to respond to Houthis’ Red Sea hijack

P&I clubs target seek 7.5% general increases, claiming rates are ‘inadequate’

Insuring offshore wind? Whatever happens, it’s going to cost you

Insight

Ukraine grain corridor beats the odds to prove an unexpected success

UK P&I Club and Britannia to raise premiums at February renewals

X-Press Feeders pays £20m into court as claims battle looms over X-Press Pearl fire

Norwegian Hull Club branches out with offshore wind venture NIORD

Israel to compensate owners for ships damaged in Hamas war

Steamship Mutual to hike rates as insurer rewards members with $25m windfall

Broker Gallagher predicts a ‘manageable’ P&I renewal for shipowners

Marine insurers back UK shipping analytics start-up CetoAI

Maersk ship cuts short Greek trip after container catches fire

First Greek shipowner uses new, Ukraine-protected grain corridor

Shoreline takes on P&I executive Simon Swallow

Former Wallem managing director Peter Cowling dies

Marsh-led Ukraine insurance package on the way as shipping activity picks up

Insurer Skuld doubles its profits as underwriting and investments improve

IUMI 23

Insurers still working on state-backed deal for Ukraine grain

IUMI 2023

Stephen Catlin’s Convex view of marine insurance pays off

IUMI2023

Insurance underwriters gather as marine market hangs in the balance

Latitude Brokers reveals new hires as it expands Singapore P&I division

Fire on OSV highlights dangers of remote Southern Ocean operations, Australia says

Greece’s first FSRU heads out to site from Singapore

Eni’s Tango FLNG unit set to start tow to Congo site

Fugro gets full ownership of autonomous tech firm SEA-KIT

Van Oord appoints fifth generation owner Govert van Oord as new CEO

Interview

Interview

Angeliki Frangou warns of dark clouds amid ‘dangerous times’ for shipping

Strength of Torm stock a key factor in fleet deals, boss Jacob Meldgaard says

Turning point coming for bulkers as 2024 looking ‘half-decent’, TMI’s Ed Buttery says

Inaction not an option: Columbia launches mentor scheme for female cadets

Ship size is going to matter due to ammonia’s limitations, designers say

‘I always want more ships,’ says TMI’s new operations chief Carl Ackerley

IUMI2023

Insurance underwriters gather as marine market hangs in the balance

IUMI 2023

Stephen Catlin’s Convex view of marine insurance pays off

Interview

Pertamina International awakens to take on the tanker world

Pacific Carriers bullish on product tankers as it turns 50

No regrets as Rajesh Unni takes ‘easy’ decision on succession planning at Synergy

ONE’s Nixon expects continued growth in container sector despite $5bn profit drop

Where contacts trump CVs, Nitzeira Watson uses ‘sacrifice and effort’ to get ahead

‘Simply good business’: Veteran Anthony Whitworth dishes on Diana deal and a lifetime in shipping

Marubeni gives MaruKlav pool a ‘fresh pair of eyes’, says Klaveness’ bulker boss Michael Jorgensen

UCL’s Tristan Smith: Carbon resolution ‘a massive change’ but leaves more tests ahead for IMO

Shell parks ammonia as a marine fuel until toxicity issues are resolved

‘Shipping needs the political will’ to secure carbon consensus, says Ardmore’s Anthony Gurnee

Lila Global’s Steve Kunzer talks strategy to reach 70-plus ships

WinGD names new chief executive as speed of fuelling transition hots up

Harland & Wolff takeover bid for Scilly Isles ferry firm rejected

UPDATE

Comoros-flagged cargo ship sinks in Aegean with 14 crew on board

Rem Offshore scoops charters for seven ships worth more than $140m

Caspian Integrated Maritime buys two "state-of-the art" Damen-built tankers

Saverys cement Euronav takeover, shipping sucked into Gaza war, and is the VLGC dead? Long live the VLAC

Golden Ocean chief executive open to bulker buys but not newbuildings

Offshore

AMSC trumpets cash pile after ‘transformative’ months sees company turn to offshore

Marco Polo Marine seals three-year charter for maiden CSOV newbuilding

MOL joint venture orders second CSOV at Damen Shipyards

Seatrium plays down impact from US offshore wind troubles

Long-running Boa Offshore dispute finally coming to a close

Cadeler-Eneti merger breezes through antitrust screening as tender moves forward

Tidewater expects favourable supply-demand balance in offshore oil and gas markets into 2024

From the doldrums to record-setting rates, Hagland describes crazy October for AHTS

Vessel delays contribute to scrapping of Orsted’s US offshore wind projects

Bonheur warns of ‘increasing uncertainty’ over wind farm costs

Tor Olav Troim-backed Borr Drilling taps bond investors for $1.5bn

DOF flips vessels two days after buying them back from banks

Researcher to Eneti shareholders: Take Cadeler’s money and run like the wind

DOF buys three non-core PSVs from lenders to capitalise on better rates

Seatrium’s yard in Brazil refinances debt with $500m ESG-linked loan

No shortage of offshore bravado at Pareto Securities show

Tonnage-hungry Subsea 7 could set its sights on Solstad Offshore, analyst says

Navigation organisation IFAN raises funds by selling only ship

Data sharing initiative helps OSV owners slash 10,000 tonnes of C02 emissions

Saudi-backed driller ADES set to price $1.2bn IPO at the top of the range

UPDATE

Atlas suezmax orderbook at DH Shipbuilding climbs to six ships

Singapore debuts first ‘zero emission’ electric cargo vessel

Bulker rates

Has Christmas come early? Capesize spot market sees biggest one-day index rise in two years

Climate activists blockade Australia’s biggest coal port, threaten ‘landmark struggle’

Greek owners aiming to time supercycle right with entry into offshore shipping

Saverys plots Euronav future after ‘transformational’ deal for his family

Jobs

Senior Operations Manager Dry Bulk Shipping

Grain Compass Kft

TradeWinds is part of DN Media Group. To read more about DN Media Group, click here