TradeWinds | Latest shipping and maritime news

Another day, another acquisition by Castor Maritime Marines turned merchant mariners plead guilty in test fraud scheme Genco Shipping set to supersize quarterly dividend in new model Euronav linked to VLCC order at South Korea's Hyundai Samho Heavy FSG continues shipbuilding comeback with new hires Once the world's largest bulker, Berge Stahl is headed for the scrap heap Shipping stocks' 2021 momentum hits the pause button VLCC owners stand to gain from rising Equinor exports to Asia Tsakos Energy Navigation sees related-party fees dip to $43.5m Puzzled by what’s driving tanker stocks? Think energy, not ships

Euronav linked to VLCC order at South Korea's Hyundai Samho Heavy

Another day, another acquisition by Castor Maritime

Genco Shipping set to supersize quarterly dividend in new model

Once the world's largest bulker, Berge Stahl is headed for scrap

Photo gallery

John Angelicoussis: a life of a major shipowner in pictures

Eastern Pacific still rules the roost as Singapore’s top owner

US envoy John Kerry to back IMO drive to cut carbon

Marines turned merchant mariners plead guilty in test fraud scheme

Tsakos Energy Navigation sees related-party fees dip to $43.5m

Analysis

World fleet value tops $1trn as prices hit seven-year high

Teekay and Cosco tanker arm unveil decarbonisation measures

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People

All eyes on Maria Angelicoussis as new boss faces high-stakes calls

Visionary owner John Angelicoussis bequeaths sprawling shipping empire

Greek prime minister leads tributes to the late John Angelicoussis

WISTA Norway president calls on men to pitch in for gender equality

Melanated Mariners shines light on black contribution to shipping

Shipping pays its final respects to John Angelicoussis

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Colleagues say Braemar have the right man in 'charismatic' chairman Payne

Iain Ross steps down as Golar LNG chief executive

Shipping boss Oddbjorn Slinning steps up to run law firm Sands

Braemar places bet on former gambling boss Nigel Payne as new chairman

Idan and Batia Ofer launch maritime scholarship fund in Singapore

Magnus Fyhr returns to US analyst circles with positive view on tankers

Greek shipping icon John Angelicoussis dies in Athens

Italian businessman caught up in US sanctions after mistaken identity

'Tragic loss': renowned arbitrator Emmanuel Gaillard dies aged 69

Profile

Windstar Cruises' Belinda Bennett: 'I refused to be broken'

Stephenson Harwood poaches lawyer Kirsty MacHardy from CJC

Harris Antoniou returns to shipping with leasing start-up backed by Latsis family

SSY's London S&P head Dominic Parker leaves after 21 years

Insight & Opinion

Shipping needs $3.4trn investment to meet 2050 decarbonisation target, Stopford says

Fredriksen salutes ‘skilful and clever’ rival Angelicoussis

SEA-LNG and SGMF study says LNG can cut GHG fuel emissions by up to 23%

Comment

Mind your green fuel or it may go brown

Navigator buys Chile's Ultragas in $390m all-stock deal to create LPG power

How North Star 'special sauce' clinched $376m Dogger Bank wind farm newbuild coup

Viewpoint

Warning signals over growing danger of false data to shipping

Poseidon Principles looks for personal touch to bring Chinese lenders on board

Gibson says 45 VLCCs and suezmaxes needed if Iran sanctions end

Italian businessman caught up in US sanctions after mistaken identity

Vitol reveals more than $1bn in renewables spending as fuel transition continues

Comment

Tanker owners face new normal as Opec+ nets hat-trick of surprises

Shipping hit as US and UK blacklist Myanmar's military-backed conglomerates

Shipping's 'record' first quarter sees US-listed stocks up 40%

Suez Canal incident highlights Shoei Kisen’s boxship ambitions

International Seaways doubles value with $2bn Diamond S mega-merger

‘Party is over’ for tanker owners as Suez Canal traffic resumes

Canal Closure

Clarksons Platou: No simple solution for trade to return to normal after Ever Given

Did wind and hydrodynamics combine to cause Ever Given casualty?

Suez Canal congestion sparks tanker bull run, with LR2s most favoured

VLCC owners stand to gain from rising Equinor exports to Asia

S&P

Rokke selling two anchor-handlers taken over from DOF venture

Two seafarers dead after Covid-19 cases reported on three ships in Brazil

EEX rolls out handysize contract on back of record dry FFA volumes

Socar seen in $120m fleet renewal move with Okeanis LR2 trio

Lloyd's Register's Nick Brown appointed to head IACS

LNG

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Flex LNG dives into period market with five-ship Cheniere deal

‘Unacceptable’ not to choose LNG for newbuildings, Shell says

Shell to team up on LNG-powered fuel cell trial

Eastern Pacific and H-Line ink $800m dual-fuel Rio Tinto bulker deal

Avenir LNG 'turns the corner' as charterers form a queue for new ships

Invesco takes big step back from GasLog Partners

Sinokor holds out for strong price on LNG carrier scrap sale

Shell books large LNG bunker vessel newbuilding with Pan Ocean

LNG carrier rates buoyed by period chartering interest

First LNG cargo due to arrive in Ghana during second quarter

Charter coverage and LNG to ring-fence Cosco tanker arm from market downturn

CMA CGM beats its own cargo record on LNG-fuelled Jacques Saade

Pilot LNG teams with Wison Offshore on FLNG unit for bunker port

Consultant Wavespec plans to spread its wings under new ownership

'Exponential growth': Cryo Shipping moves into Asia with new LNG bunkering hub

Braemar exits engineering sector with disposal of gas consultancy Wavespec

Details emerge of Qatar’s huge LNG carrier tender to owners

Shipowners pile in for Repsol’s single-ship charter deal

Qatar kicks off world's largest LNG carrier hunt with shipowner tender

Foresight’s Mehrotra eyes LNG fleet expansion for Shipping Corp of India

Sinolines forges rare order at private sector yard with feeder boxship deal

Zero-carbon hubs get together on safe use of ammonia

Analysis

Speed restrictions will drive two-tier bulker market, says consultancy

Nakilat ups first quarter profit with ‘defensive’ business model

Danish technology outfit touts an intelligent cure for Suez hangover

Yara Marine ties up deal to supply Cargill-backed WindWings sails

Boxships

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Ever Given held as Suez Canal Authority seeks $916m in claims

Evergreen mulls ways to release cargo aboard arrested megaship

Evergreen fixes $77m of finance for new boxships at Hyundai Mipo

Boxship boom could wipe out MPCC's net debt by 2023

Liner companies swamp Hyundai Mipo for feeder boxships

Boxship delays to worsen as port strikes grip US, Canada and New Zealand

Reefer giant Seatrade spearheads takeover of Geest Line

CMA CGM aims to rebuild blast-hit Beirut port for up to $600m

Containerships shine in otherwise flat week for US-listed owners

Borealis offloads sub-panamax pair on the back of busy market

Hapag-Lloyd selling five boxships in transatlantic service upgrade

CMA CGM launching first liner offering using biomethane

Global Ship Lease backers selling $65m stake

Maersk’s ‘sweeper’ boxship returning empty containers to Asia

Teo family members depart as Temasek puts its stamp on PIL

Navios Maritime Partners closes out containerships acquisition

Canal closure

Ever Given moves, but not enough to uncork the Suez Canal as queue soars to 327 ships

ESG

NYK Line seals $804m sustainability loans from Japanese banks

Suez Canal Authority threatens $1bn claim for Ever Given losses

Evergreen Marine sees ‘very low’ risk exposure to Suez Canal blockage

Nisshin returns to Jiangsu Hantong for 10 kamsarmaxes in $280m order

On watch

Strange shipping tales: quarantine babies and supermarket scuffles

S&P

BW LPG makes $10m profit on VLGC it owned for 12 days

Oil trades

Euronav sees 80 extra VLCCs needed into China as Opec opens the taps

KCC moves into lithium concentrate sector as battery demand rises

Castor brings spending to $150m this year with deal to buy another aframax

Offshore

Norwegian AHTS rates top NOK1m for first time since 2018

Offshore exodus: more PSVs sold out of oil and gas market

Crowley sees lucrative, long-term opportunity in wind

Bondholders take over last Polarcus ship and buy Fugro's seismic business

Odfjell family takes over Oceanteam as it focuses on wind power

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Clarksons takes $84m finance and offshore hit, but broking stays strong

Equinor keeping on Esvagt SOV for another five years

Tidewater confident the worst of Covid-19 is behind it

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

Banks take over Polarcus seismic vessel fleet hours after owner defaults

Kristian Siem loses control of Siem Offshore as banks move in

Harren & Partner latest owner to join offshore wind market

Eidesvik Offshore and Golden Energy scoop wind farm charters

Restructured Bourbon to sell or scrap more than 100 ships

Edison Chouest cuts deal for PSV battery power installation

Seacor Marine and CMB strike 46-ship deal for crew transfer business

Van Oord signs for biofuel-powered wind farm cable layer at Vard

Ziton raising $54m to buy wind vessel for Siemens contract

Trader Gunvor Group joins think tank's carbon capture drive

Seaspan raises $300m from second sustainability-linked bond issue

Analysis

Capesize bulkers see strong week amid robust steel demand

Pandemic and ship value write-down leads Grieg to $105m loss

US union says private equity move into US flag sowing 'chaos'

New Fortress focused on first FLNG unit and new Brazil terminals

Interview

International Seaways-Diamond S deal was more than a year in making

Oman Shipping gears up for five-year, 35-ship green expansion drive

Oman Drydock Co set to realise its full potential

Oman Shipping cashing in on scrubber-fitted VLCCs

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Reunion of old ex-DVB friends who keep their distance

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung targets bulker and pools expansion

Profile

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

BW performance platform ‘could be a game-changer’

Men just need to see us in action, says female captain

Belships eyes more ultramaxes as asset prices tipped to rise by 25%

The passion for safety that drives one of shipping’s youngest CEOs

Berglund reflects on life in Hong Kong and rebuilding Pacific Basin

Robert Maersk Uggla sounds note of caution over soaring rates

Market mechanisms better to cut shipping emissions, says former European regulator

DNV GL says further class mergers are ‘not part of the plan’ after name change

Trash to treasure: Maersk intensifies plastics clean-up work

Rising box rates fuel hopes of another bumper year for liner operators

Tsakos Energy Navigation fixes LRs on profit-sharing charters

Algoma Central fined for dumping bilge water into Lake Ontario

Energy Transition

MOL flips FSRU newbuilding to LNG carrier after Uniper hydrogen switch

INTERVIEW

BHP Singapore biofuel deal is 'just the beginning' for GoodFuels

Harland & Wolff clinches Saipem order for eight turbine foundations

Business Focus

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We know all about the 'E', but where's the 'S' and the 'G'?

The fittest of shipowners can survive the age of ESG finance

Seafarers' union looks to widen role in ESG push

US watchdog cracks down on ESG issues amid focus on shareholders

Spotlight

Decarbonisation is the new frontier for ship managers

Spotlight

Pandemic proves ship management is a people business at heart

Intermanager sees second-party partnerships and standards as way to attract owners

Spotlight

Crew change not as bad in Covid-19's second wave, but problems persist

Spotlight

Ship managers faced their toughest test in crew-change crisis

Spotlight

Technology the silver lining of virus as catalyst for change in ship management

Spotlight

Covid-19 uncovered mental health issues that must not be forgotten

As traditional pipeline runs dry, new ship management business models emerge

P&I renewal talks to tackle ‘perfect storm’

P&I

International Group stays calm over eye-watering casualty bill

P&I

Pandemic increases insurers' focus on crew well-being and mental health

P&I

P&I casualty costs soar in the age of mega ships and tougher environmental standards

P&I

Technology to the rescue in clamour to seal deals ahead of renewal D-day

The New Normal

Anita Gajadhar: Building resistance in an 'ever-changing global environment'

New Normal

Fabiola Hernandez: A return to the pre-Covid-19 environment looks unlikely

'This is the new normal': Read 40 shipping players' perspectives on what's changed for the sector

New Fortress Energy completes Hygo-Golar LNG Partners buy

Heavy-lift consolidation rolls on as Rhenus buys Arkon Shipping & Projects

Rotor sail demand set to outstrip supply but Anemoi has a solution

Asia Pulp & Paper splashing out close to $140m on woodchip carrier newbuildings

Tributes

Shipping pays its final respects to John Angelicoussis

Pioneer Marine investors set for payday as bulker sales reap $59m

Tw+

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Maria Angelicoussis: Making her mark at Maran

Elisabeth Grieg: ‘I am too impatient. Someone has to go first’

Andi Case: You can’t ignore the empire he has built

Procopiou sisters: Siblings move centre stage

Meet 30 people who will shape shipping's future

Kathrine Fredriksen: Reading the runes of a Norse saga

Christian Oldendorff: Seizing the economic potential of technological leadership

Cameron Mackey: Scorpio's quiet man on with a hand on the tiller

Alexander Saverys: CMB harnesses hydrogen in the battle against black swans

Ren Le Tian: Rebuilding Yangzijiang, his way

Andy Dacy: Veteran has seen a lot of markets and he likes what's to come

Andreas Sohmen-Pao: BW boss aims to be on the right side of history, by helping to shape it

20 questions with Radziwill: ‘Dude, how come we’re not a lot richer by now?’

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

20 questions with Sam Ka, HHI's digital dreamer

Cash and carry | Will shippers pay the price for carriers to go green?

Shipping’s new dawn — it’s early days yet

Idan Ofer looks on the bright side

The ship that went ashore to become a hotel

Evergreen mulls ways to release cargo aboard arrested megaship

Chief officer dies in fall from hold ladder off Brazil

LNG can cut greenhouse gas fuel emissions by up to 23%, study shows

Cruise and Ferry

P&O Ferries sells two ropaxes to MSC Group’s Italian ferry arm GNV

Hapag-Lloyd and HMM containerships suffer Covid-19 cases in US

NGM Energy and Eastern Pacific sell aged crude tankers at firm prices

Insurance

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Ever Given held as Suez Canal Authority seeks $916m in claims

Israeli car carrier undamaged after attempted attack, owner says

Robbers target Oldendorff, Melodia and Kyla vessels in Singapore Strait

Nordic marine insurance growth continues to outpace London

Aon urges International Group to open up about P&I pool claims

Norwegian Hull Club to return $14.2m to members after strong 2020

It was 'almost too late' for drifting ship as Smit urged Norway to act

Crew 'in good health' as Iran frees South Korean tanker Hankuk Chemi

Insurance broker Gallagher grows in Norway through Parisco acquisition

American Club makes senior staff appointments in Piraeus

Britannia’s Binnendijk says more needs to be done on gender equality

More insurance premium pain ahead for shipowners, says Gallagher

Lloyd’s of London leads way on rethinking post-Covid-19 workplace

Standard Club claims 95% P&I policy renewal success

Viewpoint

For P&I alternatives, shipowners should fix their eyes on Asia

Schutzverein consolidates position after weathering the coronavirus storm

P&I renewal talks to tackle ‘perfect storm’

Former marine insurance executive convicted of assaulting his girlfriend

Insurer Alandia offers mental health support to seafarers

P&I

Virtual renewal to hit owners with very real rate rises

Andi Case options bring stake in Clarksons to $27.4m

DP World 'wants to control Djibouti coast' as strategic port row escalates

VLGC rates forecast to hold up through 2021, Poten says

Flex LNG CEO expecting more strength from LNG market in 2021

Regulators give green light for Jumbo-SAL-Alliance

Seacor 'deeply saddened' by liftboat capsizing in US Gulf

Jobs

Chartering Managers

Chartering Managers

Campbell Shipping Company Ltd.

VLGC Ship Broker (LPG)

VLGC Ship Broker (LPG)

E. A. Gibson Shipbrokers Limited

Head of Sale & Purchase / Projects – London-based Shipmanagement Company

Head of Sale & Purchase / Projects – London-based Shipmanagement Company

Account Manager, Multiple publications

Account Manager, Multiple publications

NHST Global Publications

Chartering Manager - Santiago

Chartering Manager - Santiago

Pacific Basin Shipping (Chile) Limitada

Dry Bulk Operator (M/F), Luxembourg

Dry Bulk Operator (M/F), Luxembourg

Capesize Chartering, Panamax Chartering, Sale & Purchase

Capesize Chartering, Panamax Chartering, Sale & Purchase

BANCOSTA (ORIENTE)

Contract Manager - Hong Kong

Contract Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Technical Manager (Full Time) – Hurghada, Egypt

Technical Manager (Full Time) – Hurghada, Egypt

United Marine Egypt