TradeWinds | Latest shipping and maritime news

Star Bulk Carriers rakes in $65m from sale of capesize duo Cosco container arm books record profit and backs China for ‘stable’ world order ‘Extremely proud’ Himalaya Shipping lists in New York as investors seize the supply story Judge throws out $87m Yieldstreet claim in fight over Lakhani ship recycling finance EU and Manila bury the hatchet over seafarer education standards Robert Uggla says box outlook ‘bleak’ after record profit for AP Moller Holding Norwegian Hull Club to return $13.6m to members Clarksons values Stolt Tankers at $2.5bn as final IPO hurdles removed Editor’s Selection: Dacy urges caution, Li Li confesses to graft and Union Maritime swoops MSC throws down gauntlet with 'integrated logistics' move in Africa

Weekly

E-paper: Finance guru Li Li confesses, wrecker nations target IMO goals and Economou goes all in

Star Bulk Carriers rakes in $65m from sale of capesize duo

‘Extremely proud’ Himalaya Shipping lists in New York as investors seize the supply story

Editor’s Selection

Here our editors’ picks for the biggest shipping stories of the week

‘You owe us’: Stolt-Nielsen tells clients to pay up or there will be no new ships

Clarksons values Stolt Tankers at $2.5bn as final IPO hurdles removed

Viewpoint

CII scores: a fantastic concept, clouded by a suboptimal metric

Greek bulker buying heats up amid market revival

Where is the promised ship recycling tsunami?

Altera plots CO2 shuttle tanker newbuilds after winning storage deal

Union Maritime orders up to eight chemical tanker newbuildings

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Insight & Opinion

Back on growth path: Cruise leaders see more than just a rebound in passenger demand

Liner shipping stocks: The gift that keeps giving — but for how long?

Streetwise

Mr Ofer comes (back) to Wall Street and CoolCo steps into a void

Bank crisis, what crisis? Why shipping should keep calm and carry on

Comment

The IMO is drinking in the last chance saloon on setting carbon goals. Here’s why

Viewpoint

Why regional powers have a pivotal role to play in shaping global shipping regulation

Volvo spin-off PowerCell has big ambitions for fuel cell-powered ships

Comment

Women in shipping need deeds, not kind words, when it comes to safety

Wavelength

Sanctions balancing act leaves shipping hamstrung as the US pulls levers

‘Window of opportunity’: Green group urges action ahead of key IMO meeting

Comment

Has a shifting investor mindset left shipping facing an age crisis?

Wavelength

‘Dark fleet’: Shipbrokers are on thin ice if they ignore Russia sanctions

IWD

Viewpoint: Rewriting the ‘hidden’ women into maritime history

Slow death of the LR1 tanker will not be reversed by rare newbuilding order in China

Investors can keep their calm amid the fistfight for control of Euronav. Here’s why

Cleaves tips new cyclical bulker peak in 2025 as S&P interest revives

Wavelength

Tanker shipowners feast on bitter fruits as Putin’s war rages on

Streetwise

Paying dividends: tankers looking up, dry bulk down but importantly not out

Comment

Whisper it, but offshore oil and gas investment is making a comeback

Letter: The changing shape of marine insurance correspondent work

Cosco container arm books record profit and backs China for ‘stable’ world order

Cruise and Ferry

CLdN offloads vintage ro-ro to Greece’s Attica Group for €13.4m

Judge throws out $87m Yieldstreet claim in fight over Lakhani ship recycling finance

Number of older ships sold for further trading continued to swell in 2022

Troim’s Himalaya Shipping prices New York IPO to raise $40.5m

Three seafarers reported kidnapped as Monjasa tanker found by French navy

Robert Uggla says box outlook ‘bleak’ after record profit for AP Moller Holding

Ship Management

EU and Manila bury the hatchet over seafarer education standards

LNG

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US energy major Chevron taps shipyards for up to six LNG carrier newbuildings

Excelerate Energy aims to grow diversified LNG supply portfolio

Japan’s SBI Leasing reveals role in Flex LNG refinancing

Full details emerge for third LNG carrier scrap sale of 2023

Cool experience: LNG shipowner and sponsor Idan Ofer celebrate NY listing

Shell performed 250 ship-to-ship LNG bunkering operations in 2022

Interview

All about the bio: SEA-LNG urges use of liquefied bio-methane to speed up decarbonisation

Fifteen-year-old LNG steamship floated for sale as S&P action rolls on

Project Greensand scores a world first as cross-border CCS operations kick off

Russia’s Yamal LNG upped exports in 2022 with 90% of cargoes shipped to Europe

Secondhand LNG carrier sales action makes brisk start to 2023 with $500m deals on table

Zim fills up first dual-fuelled container ship with LNG in Shanghai

Golar LNG bags 2025-delivery yard slot for next-up FLNG conversion job

Excelerate Energy buys first LNG volumes in deal with US producer

First laden Q-Flex LNG carrier squeezes through Panama Canal

Cheniere sees 2023 LNG supply gap at one quarter of existing global production

Hoegh snaps up CoolCo LNG carrier as it eyes future FSRUs

Up to 450 new LNG carriers will be needed in the next decade despite the 2022 order boom

Flex LNG starts marketing open vessel duo for 2027 charters

TotalEnergies shifts into sales talks on last of its ‘legacy’ LNG carriers

Rise of the shadow fleet set to stall despite Russian production highs

Norwegian Hull Club to return $13.6m to members

Oaktree dumps Torm share sale plan after stock slumps

Wavelength

Why the spike in global volatility is fuelling fires for shipping markets

Ship Management

Anglo-Eastern denies ‘fake news’ in Indian death claims

MSC throws down gauntlet with 'integrated logistics' move in Africa

Business Focus

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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

Closing the gap: Maersk Tankers, Mitsui and Cargill on energy saving devices

Riding the ‘magic carpet’: Carnival, Grimaldi and air lubcrication

When oil and water mix: MSC and synthetic fuels

‘Essential’ to decarbonisation: Mitsui OSK Lines and electric propulsion

Establishing a baseline, then setting achievable goals: Harvey Gulf and emissions monitoring

Pursuing a ‘game changer’: Solvang and onboard carbon capture

Harnessing ocean data: Berge Bulk and optimisation technology

Small ships pursuing a big opportunity: Northern Lights, K Line and carbon shipping

Special report: High stakes for marine insurance mutuals

Mitsui OSK Lines unveils ambitious business plan to 2035

UK investor Mirabella builds stake in Awilco LNG to 20%

BRS boosts Athens ship finance with Kefalonitis hire

‘Strong market’: ADS declares option for 20% stake in Formosa VLCC

Iino Lines to install Norsepower rotor sails on new VLGC

Hafnia’s Skov flips options to bring share sales to $16m in a month

People

Lomar Shipping names Marius Bujor as new technical director

Doric Shipbrokers co-founder Mouyis joins Navios Partners board as Zisimatou retires

Hafnia hands $4m of options to top two bosses following $13m of stock disposals

Maersk Tankers’ Bisgaard steps down from commercial chief role

SSY jumps into Chinese LNG market with fresh Beijing broker hire

Royal Caribbean recruits FedEx autonomous guru to board

Buttery takes the reins at Singapore’s Grindrod Shipping

Niels Stolt-Nielsen staying on for now as hunt for successor enters second year

Safe Bulkers adds Kristin Holth and CEO’s daughter in board expansion

Furetank’s first female ship master says diversity momentum is building

Slideshow

Slideshow: A-listers turn out for Green Seas debut fuels forum in New York

Danish ferry boss removed as master takes over to save money

Ince defections continue as global boss Julian Clark’s role ‘phased out’

Shipbrokers raise £1m for suicide prevention charity

Su Yin Anand set to exit role as head of shipping at South32

Clarksons’ Jeff Woyda targets maritime growth as he takes ITIC chair

Boost for Euronav as shareholder advisor ISS backs its board candidates

Danish Shipping climate guru Skipper Schwenn on the move

Norden adding former Louis Dreyfus boss Ian McIntosh to board

Russian CEO steps down from ICS board after US sanctions move

Euronav probes ship-to-ship claim of sanctioned Iranian oil

Japan Club membership shrinks after supplementary calls

Navigator unveils shipping’s first diversity-linked loan

German Tanker Shipping linked to stunning price for 20-year-old MRs

Tsakos doubles down on tanker newbuildings at Hyundai yard

QatarEnergy in talks for the next generation of Q-Max LNG giants

ESG

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Green Seas: Are small vessels a missed opportunity for slashing carbon?

Norwegian Hull Club to return $13.6m to members

Iino Lines to install Norsepower rotor sails on new VLGC

Podcast: Should shipping even consider the nuclear option to slash carbon?

Altera plots CO2 shuttle tanker newbuilds after winning storage deal off Norway

Vitol unveils radical fleet plan to hit 40% IMO emissions target next year

Wallenius Wilhelmsen expands top team as it targets zero emissions by 2027

Navigator unveils shipping’s first gender diversity-linked loan

Decarbonisation and digitalisation are opportunities to get more women into shipping, WISTA head says

Green Seas: ‘Much remains up in the air’ as IMO hurtles toward carbon crunch session

Shipowners may one day be paid to keep on using toxic HFO no one else wants, BRS says

BRS’ Cadiou says shipping is going backwards as vessels switch away from LNG fuel

Build the ships and the green methanol will come, Proman’s Gajadhar tells owners

Copenhagen Commercial Platform launches emissions reporting tool ‘for commercial people’

Pandemic and war slows KCC’s emission cuts but ambitious new targets set

Viewpoint

CII scores: a fantastic concept, clouded by a suboptimal metric

Standard Chartered leads $89.6m green loan for Vista’s dual-fuel LR2s

Carisbrooke Shipping goes solar with Grafmarine panels on MPP deck

MOL pumps money into US ammonia-to-power start-up Amogy

EU confirms world’s first law on green shipping fuels

UK pushes for ‘genuine link’ between vessels and flag states

Tanker owners face choice as Europe may never again import same levels of Russian oil

Chinese ship finance chief Li Li pleads guilty to bribery charges

Oaktree to offload stake in Torm after shares rally 289% in 12 months

Comment

Wrecker nations must not hold shipping hostage over carbon cut ambition

Stolt-Nielsen makes $100m in three months as tanker renewal rates jump 50%

Insurance

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Salvors hopeful of bid to rescue Lloyd’s Open Form contract

Lloyd’s war underwriters reserve cash for Black Sea claims

Insurer Gard leverages ESG to help it stay ahead of the field

Gard achieves best underwriting performance in 15 years

Piraeus office helps Britannia P&I get close to Greek shipowners

Ukraine war prompts EU to beef up maritime security

Lloyd’s of London reports underwriting profit despite Ukraine war claims

War crimes: Ukraine helps P&I clubs send Russia the bill

Insurer Beazley posts profits despite Ukraine war claims

New insurance partnership to tackle port cyber threat

American Club encouraged after growing 25% at renewal

Russian reinsurer targeted by EU to promote sanctions impact

‘Shipping is in our blood’, says Manos Sofronis of insurance broker Oneglobal

UK P&I Club is upbeat after ‘positive’ renewal

Skuld and West of England claim major increases after renewal

Norway’s Gard makes bumper tonnage and premium gains at annual P&I renewal

Japan P&I Club losses ‘worse than expected’

Letter: The changing shape of marine insurance correspondent work

P&I clubs set $80m excess war risk cover limit for Russia

War risk market finding solutions to reinsurers’ Russian retreat, says IUMI chief

Streetwise

Already master of the ‘G’, Ardmore Shipping goes hard after the ‘E’ and ‘S’

Carriers and shippers brace for ‘hard negotiations’ on freight contracts

Green R&D: Shell Shipping working on 100 new technologies at any one time

Vitol unveils radical fleet plan to hit 40% IMO emissions target next year

Wallenius Wilhelmsen expands top team as it targets zero emissions by 2027

Russian oil output resilient despite import ban, says Rystad

Interview

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

Demand can handle the orderbook, says car carrier boss Leif Hoegh

Interview

SCMA’s Bernice Yeoh restarts Asia outreach campaign after pandemic restrictions

Meet the maritime heating and cooling specialist who fights fires

‘I want to take it forward,’ says ‘ambitious’ new SSY chief Stanko Jekov

Peter G’s return to shipping: ‘I’m happy … and I can’t even tell you why’

Braemar’s James Gundy: ‘I’m a believer in consolidation’

Marine procurement may not be sexy but it can make ships greener, says Inchcape exec

Buoyed by dry bulk, Norden’s Jan Rindbo eyes opportunity in tankers

Maersk-backed ZeroNorth open to more deals as tech sector poised for consolidation

Canopius takes a principled approach to the marine insurance business

Shipping analyst Joakim Hannisdahl reveals plans for new fund after ‘challenging’ Cleaves split

F Laeisz joins Auerbach tech platform Flagship Founders in €3.5m funding round

Capital Gas linked to pair of LNG carrier newbuildings

Northern Sea Route: Russia eyes more tanker shipments to Asia

Falsely-flagged vessels pose ‘grave threat’ to global maritime rules

Fire kills 28 people on inter-island ferry in the Philippines

Dacy counsels caution as world events have clouded JP Morgan’s crystal ball

Offshore

Sembcorp Marine’s Brazil yard probed for ‘alleged irregularities’

Tidewater tipped to stay hungry after raising bar with $577m Solstad deal

Pareto-backed start-up pays whopping $19m to rescue PSV from yacht conversion

JX Nippon buys Japan’s only drilling contractor as part of carbon capture drive

Maersk spins off Maersk Supply Service for $685m as it completes strategic shift

Clarksons says 400 extra offshore ships will be needed in the next two years

Crew member killed as MISC FSO hit by water ingress

Solstad follows $577m PSV fleet sale with disposal of laid-up AHTS

Viking Supply brings in super-large Ocean Yield anchor-handlers for five years

John Fredriksen and Idan Ofer pump more cash into Edda Wind as it orders new CSOVs

Seacor grows hybrid PSV fleet that helped fuel revenue gains

Siem and Blystad’s Seaway 7 forms new wind shipping venture with Saipem

Tailwinds: Eneti shares surge 12% after earnings beat estimates

Clarksons launches push into Dutch offshore wind sector with takeover of DHSS

Improving markets push Keppel’s offshore arm back into profit

Port facilities require more investment than ships to build US offshore wind capacity

Clarksons Offshore & Renewables hires veteran to lead US wind farm expansion

Wind shift? Strong rates on new Eneti contracts could check disposal plans

Eneti scores up to $13m in new contract revenue on three wind units

Record-breakers: ‘Simply not enough’ AHTS ships in North Sea, Fearnleys says

Stolt-Nielsen sells out of CoolCo for gain of $2.5m in a year

Pension funds rebel but Maersk bosses get big bonus increase

Wartsila launches engine de-rating scheme to extend container ship lives

Swedish Club head Nordberg makes new hire as he continues staff reshuffle

Cruise and Ferry

Disney is sending a monster methanol-fuelled cruise ship to Singapore

MR product tanker rates improve thanks to tight tonnage list in Atlantic

Boxships

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Done deal: world’s largest boxship owner Seaspan taken private

Maersk most active in idling container ships after demand slumps

Maersk inks methanol bunkering deal with Shanghai port group SIPG

Orient Overseas Container Line shareholders reap whopping $7bn dividend

Capital Product Partners bags $34.4m from Akadimos container ship fixture

Cash-rich HMM expands into the red-hot car carrier sector

Carriers lured by stronger rates to Asia-Mediterranean trade

Evergreen brings 2022 bonus to five years’ pay with second handout

World’s biggest container ship MSC Irina enters service

Evergreen posts higher yearly profit despite second-half container market slump

Two-tier charter market emerges for feeder container tonnage

Zim expects to earn a cool $2bn this year. Here’s why

D Oltmann Reederei splashes out $80m to buy Danish boxship biggie

Container shipping ‘price war’ spreads to Asia-Europe trades

ONE Apus container collapse fuels tangled web of court claims in New York more than two years on

Container giants hit the brakes as ‘go slow’ trend gathers pace

Back to the future: Hapag-Lloyd sees profits falling to earth

Spend your billions wisely — AlixPartners warns liner sector

MPC Container Ships waves goodbye to record returns

Approved: Atlas Corp shareholders give thumbs up to Poseidon take-private merger

WISTA head sees decarbonisation and digitalisation as draws for women to shipping

Profit surge: Debt-free Exmar turns in top dollar 2022 results

Hornbeck Offshore wins US government contract that could swell to $39.5m

Update

Missing Monjasa tanker seen 870 km from location of pirate boarding

Piracy

Missing tanker: Danish Shipping says new solutions needed for Gulf of Guinea piracy

Shipowners may one day be paid to keep on using toxic HFO no one else wants, BRS says

Jobs

Panamax Chartering Manager, Chartering Broker

Dry Cargo Ship Broker

Dry Bulk Freight Trader (M/F), Singapore

Dry Bulk Freight Trader, Luxembourg

Facilities Superintendent

Senior Manager Fleet Technical Operations

Senior Director Maritime Fleet Workforce

Director Fleet Operations

Chartering Manager

Harmony Bulkers DMCC

Ship Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

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