TradeWinds | Latest shipping and maritime news

Dry bulk market falls for second consecutive week as owners keep ships in Pacific basin Podcast: Container shipping follows the leaders on a variety of alternative fuel pathways Diana Shipping takes out $123m in loans to refinance existing debt Ocean Yield firms up more ammonia-ready newcastlemaxes for CMB Editor’s selection: Death of a shipping titan, a shadow fleet shift and millennial shipbroking MSC reinstates another standalone service on Asia-Europe trade LNG bunkering action picks up, but questions dog players New Wallenius Wilhelmsen and Klaveness bosses make first share investments Ocean Yield gets ‘free lunch’ with Interlink bulker charter swap Ocean Yield talks up owner KKR as private equity fund keeps money in the business

Spot rates

Dry bulk market falls for second consecutive week as owners keep ships in Pacific basin

Diana Shipping takes out $123m in loans to refinance existing debt

Green Seas

Podcast: Container shipping follows the leaders on a variety of alternative fuel pathways

Editor’s selection: Death of a shipping titan, a shadow fleet shift and millennial shipbroking

Ocean Yield firms up more ammonia-ready newcastlemaxes for CMB

LNG bunkering action picks up but questions dog players

Shadow fleet-linked Gatik reshuffles ships as Indian owner dumped by LR

Billionaire shipowners should be judged on how they spend their global wealth

‘Dream big’: New generation of brokers on the rise at Dubai shop

Shipping not investing enough in its people, says Su Yin Anand

MSC reinstates another standalone service on Asia-Europe trade

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Business Focus

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Question time: Ship managers have their say over the great training debate

Shipowners and operators will need to step in to fulfil their own training needs

If you want to build safer ships — ask a seafarer, says InterManager

Listen up: The clock is ticking on upskilling seafarers now or miss the boat, warns DNV

Asia Maritime

Thomas Wilhelmsen: Asia has a lot to offer in the way of technology development

Microsoft and all-star shipping cast back Hafnia-led tech accelerator

Asian venture capital appetite for tech is growing, but US still leads

Bigyellowfish founders reveal how Asian tech start-ups can raise funding

New technologies are working, says Thomas Wilhelmsen

R&D: Why Shell Shipping does not need a bigger boat for its version of JAWS

The Tomorrow People: Future of FFA market will blend man and machine

Tech on a shoestring: Investors put maritime start-ups and scale-ups under the microscope

AI & AIS screening: Big data can have big impact on shipping’s sanctions risk management

Special report: Putting the spotlight on shipping companies at the forefront of sustainable tech

Pursuing a technology ‘game changer’: Shell and fuel cells

From ‘unreal’ to reality: MISC Berhad with the Castor Initiative Charge ahead ammonia fuelling

From trials to the hunt for scale: Cargill Ocean Transportation in biofuels

‘Getting the supply rolling’: Maersk and the hunt for green methanol

Going big: Brazil’s Vale and wind propulsion

Sourcing green LNG: CMA-CGM and biomethane

Tw+

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‘Unprecedented challenge’: Shipping braces for an ESG disclosure tsunami

Is China set for the great container ship reset over the next decade?

Will the IMO make history by electing its first woman secretary general?

How close is the end of the road for tankers?

This is Robert Bugbee, speaking to you from the future

Is Wall Street ready for another look at shipping?

Big house, little house: the future of shipbroking

Fasten your seatbelts: dry bulk is in for a bumpy ride

Electric car sales set to change nature of oil markets, says IEA

TW+

Shipyards build up to the challenge of launching a zero-emission fleet

TW+

Whatever happened to all the offshore newbuildings?

Machine earning: How digital monitoring can make a difference

Carbon laws dawn: Are new IMO emissions rules fit for purpose?

Cruise seeks cut to intensity to prevent perverse incentives

Tug of law: CII ‘cuts through the heart’ of contracts

How to digest the IMO’s alphabet soup of rules

How EEXI and CII work (not forgetting SEEMP)

Rules not fit for purpose won’t get the job done

Class takes the lead on setting ship energy plans

Climate experts tell IMO: Here’s where you’re going wrong

Streetwise

Outgoing Genco Shipping CFO Zafolias on lessons learned in 18 years of good, bad and ugly

China on alert as ageing tankers discharge Russian crude

Eidesvik Offshore offloads first vessel in sale of seismic survey fleet

Ship AIS data spoofed to draw pro-war Russian Z symbol in Black Sea

Viewpoint

Criminalising an officer’s honest mistake sends the wrong message

Top investors ‘exploring options’ for Singapore’s Atlantic Navigation

People

Nikolaus Schues takes over at Bimco with digitalisation mission

Jacob Meldgaard hands over to Torben Carlsen at Danish Shipping

German shipping legend Bertram Rickmers dies at age 71

Pangaea Logistics celebrates 25 years and the life of late founder Ed Coll

Genco Shipping taps in-house manager for promotion to CFO

Fichte & Co lays on hospitality at UAE Maritime Week

More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’

Meet the energy major trailblazing a path for women in marine fuelling

Julie De Nul and Ole Henrik Bjorge join Euronav board, but another key executive leaves

Car carrier crew nominated for bravery award after migrant rescue

Hill Dickinson takes on Clyde & Co casualty expert Martin Hall

‘The trust had gone,’ says Hugo De Stoop as he explains Euronav exit

Vasilis Bacolitsas goes to Hollywood: Greek shipowner snaps up LA home for $17.5m

Danaos C-suite reshuffle as Prokopakis retires as chief operating officer

Former Shell executive Zahid Osman takes over at VLCC owner AET

Fantasy football

Economou finance guru Eugenia Soula breaks male stranglehold in shipping fantasy league

Japanese shipping legend dies age 80

Niall Nolan steps down as Navigator Holdings’ top money man

Denmark under fire after breaching EU rules on collective bargaining for foreign crew

Tokio Marine HCC revamps London team with new hire

Green Seas

Can the e-fuel ‘opportunity’ push the IMO to act on a carbon levy?

Seanergy posts loss fuelled by ‘seasonal weakness’ but gives dividend on bullish outlook

Lines look for Panama fillip to seal delayed transpacific contracts

Nikolaus Schues takes over at Bimco with digitalisation mission

Upcycle coming: Star Bulk is a stellar bargain, Clarksons Securities says

Vale eyes India as it prepares for peak in China steel production

Insight & Opinion

Comment

Reputable owners live high off the ‘dark fleet’ they deplore

Viewpoint

Criminalising an officer’s honest mistake sends the wrong message

‘Dark’ ship-to-ship transfers present daily risk in sanctioned tanker trades

Editor’s selection: De Stoop departs, Stolt spotlights corruption and Greek shipowner’s Hollywood S&P foray

Comment

From a deluge in Florida, a lesson in port resilience

Wavelength

Why shipowners are right to be nervous about China sanctions

Wavelength

Bright dawn beckons for shipyards as they enter a brave green world

Viewpoint

Time for IMO to walk the walk: Elect a woman secretary general

Editor’s Selection: Clarksons’ pay problem, passing the buck on Pablo and Japan mourns titan’s death

It’s now or never for the Hong Kong Recycling Convention

Asian banks got burned by offshore. ‘I don’t think they will be back’

Wavelength

Wavelength: Shipping awaits the starting gun for deepsea gold rush to begin

Comment

Seizing Iranian oil cargoes is one thing divided US lawmakers can agree on

Viewpoint

Viewpoint: Pioneers or sitting ducks? Norway’s electric ferries are ready for the challenge

Comment

Shipping caught in the crossfire amid war of words as Ukraine grain deal renewal looms

SMW 2023

Small ships an ‘afterthought’ on shipping’s decarbonisation journey, says Glory-Pacific’s Eddie Huang

Stifel upgrades Euronav ‘on their own merits’ after scuttled Frontline merger

France’s climb-down on 2030 shipping emissions target set to weaken EU position at IMO

Viewpoint

The IMO would be reckless to ignore the full life cycle of fuels

Editor’s Selection: Russia port in the eye of price cap storm and Ince’s demise detailed

Oil majors loosen age restrictions as Middle East OSV supply tightens

Hapag-Lloyd eyes ‘challenging’ 2045 carbon target as its first LNG-fuelled container ships emerge

Knutsen OAS reveals mammoth $626m profit as revenue tops $1bn

Jacob Meldgaard hands over to Torben Carlsen at Danish Shipping

Hunter Group establishes carbon carrier outfit while teasing further activity

ESG the key for Oslo shipping investors, says bourse chief Amundsen

Boxships

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Hapag-Lloyd eyes ‘challenging’ 2045 carbon target as its first LNG-fuelled container ships emerge

Lines look for Panama fillip to seal delayed transpacific contracts

Freight rates are unsustainable and will have to rise, warns Zim

MPC Container Ships logs profit as charter markets stabilise

Freightos posts wider loss after absorbing listing expense

‘Freedom flotilla’: Russia and Iran plan to build 20 sanctions-proof ships

ONE and Wan Hai fined by US regulator for alleged misconduct

MSC’s phenomenal growth continues as fleet breaches 5m-teu threshold

Yang Ming opts for South Korea’s Hyundai Heavy as China spooks shipowners

Danaos Corp will soon be net debt-free

‘Patient’ SFL boss Ole Hjertaker explains where shipping’s smart money is going

Euroseas defends profitability on the back of long-term charters

Italian newcomer Kalypso quits transatlantic trade after freight rate fall

Three big conros to disappear from trading in sale to US military

Hapag-Lloyd draws up plan to demolish ‘end-of-life’ container ships

Ship sales boost MPC Capital as it focuses on vessel decarbonisation

Ernst Russ buys feeder container ship as it ‘rejuvenates’ fleet

CMA CGM on the hunt for up to 10 ultra-large container ship newbuildings

NYK Line joins MOL and K Line in forecasting shrinking profit

Navigare Capital ties up second container ship sale to D Oltmann

Anemoi ramping up production of rotor sails for big bulkers and tankers

Suez Canal authority refloats briefly stuck Chinese bulker

Erik Thun wins Swedish cash to fit batteries on dry cargo ships

BW Epic Kosan snaps up bargain duo as it ships out seven smaller gas carriers

Mitsui & Co returns to Hyundai yard for product tanker newbuildings

Huge benefit of ‘dynamic’ flight for kite on Airbus ro-ro aims to prove 20% savings

ESG

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Green Seas

Podcast: Container shipping follows the leaders on a variety of alternative fuel pathways

Huge benefit of ‘dynamic’ flight for kite on Airbus ro-ro aims to prove 20% savings

Mission to Seafarers raises £1.3m from Adventure Race Japan

Green Seas: Can the e-fuel ‘opportunity’ push the IMO to act on a carbon levy?

‘Huge financial risk’: ship managers urge polluter-pays change to EU emission scheme

Green Seas

Podcast: Why Australia is making such a stink about stink bugs on ships

Green Seas: Ammonia looks feasible for some situations, if the safety worries can be ironed out

Comment: Reputable owners live high off the dark fleet they deplore

Trafigura says carbon price could unlock ‘abundant’ green fuels in the Global South

Xiamen ITG splashing out $152m on bulk carriers and bunker tankers

‘Dark’ ship-to-ship transfers present daily risk in sanctioned tanker trades

MSC backs project for ammonia dual-fuel container ship design

Captain, hero, advocate: India’s first female master leads fight for women’s rights

Singapore’s OCBC bank sets decarbonisation target for ship finance

Shortsea players expect to live with short steps towards decarbonisation

More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’

Comment

Comment: From a deluge in Florida, a lesson in port resilience

’Never stop learning’: female shipping leaders give advice to women on the rise

Climate talks host changes tack to back tougher shipping emission targets

Meet the energy major trailblazing a path for women in marine fuelling

Anthony Veder dives in on an ammonia-fuelled gas carrier design

BW LPG’s Anders Onarheim names his price for newbuildings

Ocean Yield posts slightly higher profit with entire fleet locked into charter deals

Comment

Reputable owners live high off the dark fleet they deplore

Suez Rajan appears headed to Gulf Coast with suspected Iranian cargo

Mission to Seafarers raises $1.3m from Adventure Race Japan

LNG

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Upping LNG bunker vessel efficiencies could add two ships to mix

CoolCo says up to 20 new LNG ships a year needed to replace old steamships

Golar LNG opts to scrap 46-year-old FLNG ‘conversion candidate’

Senegal’s first LNG cargo for KARMOL FSRU changes course for Brazil

QatarEnergy wraps up shipyard talks for Phase 2 of giant newbuilding project

CoolCo nets new multi-year deal for TFDE LNG carrier

Capital Gas locks away LNG carrier newbuildings to Japan’s JERA

Flex LNG upbeat on competing with pricey 2027-delivering newbuildings

GasLog locks in term charter deals on three LNG carriers

FLNG unit sale and FSRU charter turn a first quarter profit for Exmar

Healthy global LNG demand expected in second half 2023, Excelerate says

H-Line Shipping wraps up LNG carrier charter with Posco International

Taiwanese shipowner named as buyer of one of BW’s oldest LNG steamships

Golar LNG proposes bond rejig as balance sheet strengthens

Tripling of 2022 European port calls knocks Flex LNG’s CII rating

New Fortress plans to flip Mexican LNG terminal to export plant with FLNG modules

NYK Line named as shipowner behind LNG order quartet in HD KSOE gas carrier haul

Cheniere Energy signs new LNG sales deal for shipments into 2047

NYK Line tipped as winner of $1bn EnBW LNG carrier newbuilding tender

Analysis

Wave of LNG import capacity emerges as decarbonisation moves intensify

Dorian LPG net profit climbs to record since US listing nine years ago

Upping LNG bunker vessel efficiencies could add two ships to mix, DNV says

Update

KCC orders emissions-cutting newbuilds worth $182m

Weaker dry bulk market hits Castor Maritime after tanker spin-off

Navios Holdings returns to profit as revenue rises and $24m fee is left in the past

Pantheon joins products tanker dash with debut newbuilding order in China

Offshore

Top investors ‘exploring options’ for Singapore OSV player Atlantic Navigation

Market analysis: Oil majors loosen age restrictions as Middle East OSV supply tightens

AMSC looks to refinance offshore vessel as charterer finds the ship work

Purus continues order spree with up to four CSOVs at Vard

Eneti eyes up to $41m in new revenue from existing WTIV unit

Deugro teams up with Siemens and Amasus to order newbuild brace in China

Opaque project in line to drive $750m into Subsea 7 coffers

Siem Offshore seeing improvement while eyeing long-term deals for construction vessels

Awilco Drilling drops Keppel Corp pursuit after rig newbuilding dispute

Tidewater returns to profit as rates ‘continued momentum’ during slowest quarter

Reach Subsea returns to profit as offshore market picks up

SAAM Towage Brazil buys 21 tugboats for $198m from Starnav

Scotland’s North Star explains how to fund expensive wind ships in volatile debt market

MOL and Mitsui buy $188m of Modec shares as new FPSO alliance formed

BW’s Cadeler lands $550m-plus of contracts for wind farm ships

Start-up Cyan tasks Ulstein with designing wind ships in $1bn push

Bourbon joint venture becomes first domestic OSV operator in Guyana

Havfram to need more wind turbine installation vessels after contract win

Start-up pencils deal for zero-carbon wind farm vessel hub at Japanese yard

Edison Chouest and CBO big winners as Petrobras dishes out platform supply vessel deals

Thenamaris boosts China newbuilding bet amid big tanker sale spree

Market will need 35 new large LNG bunker vessels by 2030

StealthGas posts record quarterly net profit on asset play and robust ops

Container lines warned of more pain as further losses ‘inevitable’

German shipping legend Bertram Rickmers dies at age 71

Oil price cap scheme loses ‘credibility’ as Russian revenues rise

Interview

IMO ‘will agree ambitious carbon cut target’ says Europe’s candidate to head UN agency

Engineer Louise Tricoire embarks on her next voyage of discovery

More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’

Freight derivatives need to solve the ‘chicken and egg’ problem to crack growth

‘The trust had gone,’ says Hugo De Stoop as he explains Euronav exit

Well-armed: AMA Capital Partners is never at a loss for direction in the boardroom

Fresh face steps up to lead Tankers International in VLCC pool growth push

Shipowners face challenges deciding on decarbonisation retrofits, Wartsila’s Tamara de Gruyter says

Sanctions and geopolitical tensions will put shipowners in tight spot, NorthStandard’s Salthouse says

‘I thrive on challenges’: How Cargill’s Eman Abdalla stumbled into shipping and couldn’t turn back

‘Bulk can mean anything’: GoodBulk won’t limit itself to dry cargo in the future

Interview

Seismic power shift: MOL goes global with biggest shake-up in its history

‘It has been quite a stressful two years’, says Takeshi Hashimoto after taking MOL hot seat

Columbia’s Mark O’Neil urges shipping to shift focus because fossil fuels are going nowhere

Option advantage: ‘We don’t have to run round buying ships,’ says Paolo d’Amico

‘If we snooze, we lose’: Clarksons eyes expansion amid tough competition

TotalEnergies’ Cousin looks to grow dual-fuelled tanker fleet as major probes future fuels

Planets aligned for Braemar’s Reed-Sperrin in ‘interesting’ derivatives markets

Further ship management consolidation hard to see, Columbia’s O’Neil says

Succession: Carsten Rehder passes the baton to next generation

‘Huge financial risk’: ship managers urge polluter-pays change to EU emission scheme

MR tanker rates surge 25% as cargoes flow out of the US and Europe

BW Offshore frees up cash with vessel sales as talks on more moves continue

Zim warns container rates are unsustainable and will have to rise

Leif Hoegh still ‘enthusiastic’ about Hoegh Autoliners after selling shares bought during IPO

JJ Ugland launches floating wind and shipping venture Ocean Ventus

Jobs

Head of Technical Procurement – Hong Kong

Pacific Basin Shipping (HK) Limited

Tanker Research Analyst - Junior

IFCHOR Galbraiths

Defence Lawyer

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