TradeWinds | Latest shipping and maritime news

Group of US investors take big chunk of Solstad Offshore in OSV recovery Seaspan seeks to avoid having to buy back $300m bond ‘All low-carbon’ fuelling options now ‘make sense’, DNV consultant says Oldendorff buys into Rajesh Unni’s shipping tech outfit Alpha Ori Russia’s Krasnoye Sormovo in talks to renew cargo fleet of Belarus Top Ships launches new stock offers but warns of ‘extreme volatility’ FSRUs are new darlings of Europe — but can they deliver? Morgan Stanley sells Frontline holding days after revealing 5% stake South Korea’s Seoul High Court upholds decision against France’s GTT Golden Ocean Group kicks off share buybacks with $2.4m repurchase

Morgan Stanley sells Frontline holding days after revealing 5% stake

Group of US investors take big chunk of Solstad Offshore in OSV recovery

OIL BAN/UPDATE 2

Turkish P&I spat threatens tanker gridlock on Bosphorus

FSRUs are new darlings of Europe — but can they deliver?

Seaspan seeks to avoid having to buy back $300m bond

‘All low-carbon’ fuelling options now ‘make sense’, DNV consultant says

Oldendorff buys into Rajesh Unni’s shipping tech outfit Alpha Ori

Hundreds of ‘unknown’ owners take control of tankers

Frontline says charterers fear missing out against ‘ridiculous’ newbuilding backdrop

Oil ban

EU oil import ban in force as uncertainty hits tanker deals

Hamburg Bulk and Asia Maritime Pacific merge into new handysize giant

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Business Focus

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Special report: Shipbuilding faces choppier 2023

Business Focus

Best year for Hyundai yards since 2007 despite a slowdown in global newbuilding orders

Business Focus

Japanese shipyards feel the pain as bulk carrier orders slump

Special report: A Danish approach for the future

Business Focus

Danish Shipping is at the heart of turning Denmark’s blue economy green

Business Focus

Shipping has bigger concerns than a change in Danish government

Business Focus

Collaboration in Copenhagen: shipping aims high to get to zero

Business Focus

Japan’s maritime cluster gathers around wind farm projects

Business Focus

Wind goes into battle with oil and gas for offshore vessels

Business Focus

‘Massive market’: Norway’s Stodig gears up to capitalise on domestic wind ambitions

Special report: Wind goes head-to-head with oil & gas in vessel market

Special report: Ukraine leaves insurers reeling

France’s SCOR builds sustainable marine insurance business

IUMI head Turner sees ESG progress as he prepares to step down

Amphitrite targets niche market for ‘singletons’ and non-IACS ships

Insurers urged to stand up for their Poseidon Principles

Charging forward: Moves to power ships by battery build steam in US

Cutting carbon capture costs remain key hurdle for greening shipping fuels

Could wind propel hydrogen-fuelled ships further? Marin wants to know

’Not going to be a thing’: Green energy finance expert blue about shipping hydrogen

Insight & Opinion

The best offence is a good defence for bulker owners as outlook looks bearish

Comment

‘Lawyer up’ now for years of decarbonisation charter wars

Wavelength

Shipping cannot wait on carbon while COP27 scores own goals

Wavelength

Can Gianluigi Aponte’s magic touch game container ship clouds?

Viewpoint

How EU competition rules could shape shipping’s decarbonisation drive

Cash-rich car carrier owners must invest to tackle battery fires, say insurers

Aponte’s MSC reaps reward of ‘the greatest bet in container shipping history’

Letter

Nations should have the wisdom to avert conflict over Taiwan

Viewpoint

Shipping should stand up for its rights in Black Sea agreement

Will Seaways take a leaf out of Fredriksen’s book on dividends?

Just how big is the market for microbubble technology?

Newsletter

Streetwise: As interest rates rise, Scorpio Tankers’ next debt cut could be a big one

Wavelength

Could Maersk be the new Musk with DIY clean fuels strategy?

S&P

Bulker price slide continues as JP Morgan sells capesize in ‘very active’ market

Wavelength

COP27 carbon ambitions seem a long way from Bristol docks

War, casualties and Covid stoke ‘risk accumulation’ fears for marine insurers

Green Seas podcast: Hear how offshore wind is creating a new gold rush in California

Growth of ‘dark fleet’ could push Russia to riskier tankers, analyst says

What’s in a number? Bugbee floats an $82 future for Scorpio Tankers

Tanker markets in ‘disarray’ as Russia turmoil pushes rates upwards

Golar LNG launches reverse auction for $300m bond issue

Global shipping groups see EU emissions deal as ‘OK’ compromise amid hope for IMO action

Aeolos Management books nearly 70% profit on VLCC bought in 2018, say brokers

VLCC rates continue cratering as smaller tankers find ‘stability’

Hansen resurfaces at Maersk Tankers in partnerships role

Analysis

Dry bulk market should pick up in 2023 as China eases zero-Covid policy

People

AP Moller-Maersk plans to double capacity at Esplanaden HQ

Navios finance chief Achniotis moves to Buenos Aires to spearhead South American push

Inchcape Shipping Services CEO Olsen makes sudden exit

Rina and IMarEST toast the lifetime achievements of shipping’s unsung heroes

Singapore shipping veteran Vijay Kamath dies from heart attack

Slideshow

Norvic Shipping brings out the stars as it woos Singapore

‘A great leader’ in shipbuilding: Giuseppe Bono dies months after leaving Fincantieri

Shipbuilding grandee Kommer Damen recognised for 60-year career

Roine Ahlquist picked to head-up revived Barber Ship Management

Slideshow

SSY broker hits big at Hayfin Capital charity golf day

Hannisdahl planning to recruit as new shipping fund venture gets off the ground

Former ECSA environmental director to head new Bimco Brussels office

WISTA releases ‘shocking’ survey on gender discrimination on board ships

Focused MSC owner Gianluigi Aponte is not slowing down yet

Harry Vafias puts his neck on the line by joining hosts of Dragon’s Den on Greek TV

Fearnleys expands in London with tanker broker hire

Joakim Hannisdahl and Cleaves break up over ‘irreconcilable differences’

‘You ain’t seen nothing yet’: A bullish Stolt-Nielsen says chemical carriers may be recession-proof

Wanted Singaporean shipowner added to US blacklist for North Korea dealings

Frontline beefs up board with former Cypriot transport minister Marios Demetriades

Oil ban

This is Big Brother: How the ‘dark’ fleet is being tracked from space

Giant wave kills passenger and injures four on new Viking cruise ship

Sophia Mullen made EnTrust Global’s first president

Castor turns to Asia to fund container ship acquisitions

E-paper

Weekly

The rise of the dark fleet; Marinakis swoops for tankers; EU ETS looks beyond carbon

Oil ban

Cosco Energy Shipping in fresh Iranian oil controversy

Boxships

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CMA CGM posts revenue of $20bn for third quarter but warns of headwinds

Boxship newbuild enquiries roll on despite end of bull run

Zergratran plots $15bn Colombian box tunnel to rival Panama Canal

Boxship charter market is still in ‘pretty good shape’, says Baack

Maersk taps Carbon Sink for green methanol ahead of newbuild deliveries

Cargo owners form freight buyers alliance for zero emission shipping

AP Moller Holding and CMA CGM invest in supply chain platform

BNP Paribas forms alliance to market Japanese leasing deals

Capital Product Partners profits soar after fleet growth and container ship sales

GSL prepares for ‘uncertain times’ with forward charters of 10 container ships

French liner giant CMA CGM inks $1bn deal for LNG dual-fuelled container ship quartet

Ocean Yield snaps up another methanol container ship from MPC Capital

Maersk’s Skou meets Spanish PM Sanchez to agree huge methanol fuel deal

Matson readies for container shipping market to come back down to earth

Costamare fixes forward until 2030 amid softening container ship market

Maersk to slash capacity as it battles falling container demand

Costamare sees no reason for spin-off in current conditions

$3bn ‘endorsement’: China’s Cosco takes leap into methanol fuelling with order for giant container ships

MPCC was a ‘successful investment’, says Star Capital after selling remaining shares

Pandora’s boxes: Lines fear what they’ll find when they unpack IMO rules

Cash-rich Danaos strikes private deal to buy back 2028 bonds

Russia seizes $471m Fesco stake as billionaire Magomedov jailed

Nordea and SEB to provide $208m to finance TMI’s Grindrod takeover

$60 oil price cap deal could still ‘penalise’ Russia

Shipping takes centre stage at Athens LNG industry meet

Streetwise

For Giveans and Ginsberg, there can be second acts in the play of ship finance

LNG

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Business Focus

China’s shipyards turn LNG newcomers with record order haul

Flex LNG: No on newbuildings, maybe on consolidation and yes on dividends

Chartering talk already in play on Flex LNG vessels set for 2026 redelivery

Excelerate Energy brings in experts for advisory council

MOL confirms LNG carrier newbuilding trio in China for QatarEnergy

New Fortress Energy to add 7-mpta of supply by 2024 from its FLNG units

Methanol-fuelled newbuilding orders overtake those for LNG in October

Reletting LNG carriers helped Cheniere reach earnings guidance goals

New Fortress progressing five FLNG units for three US and Mexican Gulf sites

Hot LNG market drives profit surge at Cosco Shipping Energy

New Fortress Energy firms up plans for Gulf of Mexico floating LNG hub

Slow steam ahead for older LNG carriers

Speculation swirls about buyers for DSME’s unexpected open LNG carrier slots

New cheaper, more efficient three-tank LNG carrier concept proposed by GTT

US waives Jones Act again to allow shipment of US LNG to Puerto Rico

TMS Cardiff named as owner behind LNG carrier order at Hyundai Samho

Shell-KSOE consortium to trial fuel cell on an LNG carrier

MOL extends contract on LNG carrier with Russia’s Sakhalin-2 project

Hoegh LNG to lose an FSRU as Lithuania’s KN declares purchase option

Northern Lights lines up next two larger LCO2 carrier newbuildings

Jesper Bo Hansen leaves ZeroNorth after just nine months

Lila Global considers spot market to be its playing field

‘AIS improves visibility, even when ships go dark,’ says MarineTraffic

DOF goes to court in $2bn reconstruction bid to save the company

Greece’s Meadway inks newbuilding deal for Tsuneishi eco bulker

‘Astronomical’

Frontline switches from clean to crude after offer it couldn’t refuse

ESG

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Green Seas podcast: How pig manure is the secret ingredient in Harvey Gulf’s net-zero recipe

Global shipping groups see EU emissions deal as ‘OK’ compromise amid hope for IMO action

‘AIS improves visibility, even when ships go dark,’ says MarineTraffic

TotalEnergies joins Castor Initiative in drive for ammonia-fuelled tankers

Singapore says windfall tax could curtail investment in greener fuels

‘Relieved’ European shipowners hail EU emissions trading breakthrough but hope for IMO alignment

Ardmore-backed e1 Marine to develop hydrogen-powered car carrier

Newsletter

Green Seas: What will EU methane emissions trading mean for LNG-fuelled ships?

Comment

Why shipping must act now to beat inertia on global emissions goal

EU includes methane and NOX in shipping emissions trading scheme

Shell buying Europe’s biggest producer of biogas for $2bn

K Line on track to launch ammonia-fuelled newcastlemax in 2026

NYK Bulk and major copper producer aiming to make shipments greener

Comment

Lawyer up now for years of decarbonisation charter wars

Ferries and container ships best suited to green corridors but complexities need more analysis

Methanol engines make up a quarter of planned projects MAN says

Newsletter

Green Seas: Shipping highlights as COP27 closes in Egypt

‘Big Blue’ Maersk to pay executives to go green

Lackluster COP27 climate talks spark hope for ambitious IMO emission targets revision

Equinor developing large CO2 carrier fuelled by ammonia

TotalEnergies joins Castor Initiative in drive for ammonia-fuelled tankers

‘Relieved’ European shipowners hail EU emissions trading breakthrough

Chinese automaker BYD inks four ultra-large car carriers as market surges

Price cap reportedly pitched at $60 per barrel amid shipping confusion

Singapore says windfall tax could curtail investment in greener fuels

Lila Global uses cash buyer model to finance fleet acquisitions

Tw+

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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

The market is expected to become the ultimate CII enforcer

Slow steam ahead for older LNG carriers

Leap in the dark: Tanker owners brace for upheaval over eco targets

Pandora’s boxes: Lines fear what they’ll find when they unpack IMO rules

Bumpy road lies ahead for bulkers

Lenders go ‘bank to the future’ on efficiency standards

Don’t expect carbon rules to create a wave on the beaches

CII isn’t perfect but it’s better than nothing, says Maersk Broker

Meet the EEXI experts: ship managers are gearing up

Just-in-time arrivals: An idea whose time has come

Putin can’t count on Xi to ride to the rescue

Evangelos Marinakis inks LR2 tanker duo in China as Greeks open talks with yards

VLCCs declared the winners from tough price cap stance

Frontline stock frenzy continues as Morgan Stanley reveals $166m stake

Insurance broker Miller expands in Asia with new hire

Shell and Alfa Laval to develop boil-off-gas unit for liquid hydrogen carriers

OSV owners dish: Is ESG like MSG, or something even more unpleasant?

Interview

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

Streetwise: Inside the world of shipping investor ‘Disgruntled’ Ned Sherwood

Ned Sherwood has only made profits on the shipping company he’s most disgruntled about

Navigating stormy times, Vogel brings sunny message to Miami ASBA conference

People said nuclear plan was ‘mad’ — now they ‘think it’s clever’, says Core Power’s Mikal Boe

Semiramis Paliou is committed to protecting father’s legacy while moving Diana Shipping forward

Former Grieg Green head Petter Heier sets up shop as a creative cash buyer

Stars align for Shell’s shipping chief Karrie Trauth a year into top job

‘Back on track’: vindicated James Gundy clears decks for growth at shipbroker Braemar

Norden CEO: concerns over demand for oil and dry commodities if recession hits

Norwegian’s Del Rio: ‘If you want instant mashed potatoes, you got to go elsewhere’

‘We’re looking to grow on all fronts,’ says Case, as Clarksons flexes its muscles

New American Club chief wants to grow without losing ‘boutique’ identity

Cheilas to steer NRF Greece amid ‘deal frenzy’, ‘versatile’ times

Concordia Maritime mulls further ship sales after asset price boom

Naftomar returns to tankers as buyers hoover up product candidates

Bugbee backs Scorpio strength with second stock option deal in two weeks

Carriers Matson and Pasha mothball container ships as demand slumps

World LNG Summit

LNG shipowners plead for regulatory certainty to grow and renew fleet

German tonnage providers prepare for container shipping’s ‘next crisis’

Offshore

Cadeler splashes out on $345m turbine installation ship in China

Two seafarers injured in blast on Greek offshore support vessel

Edda Wind orders CSOV and wins 25% charter hike for SOV

DOF Group looks to have the numbers to stave off bankruptcy

Tidewater sees stock price drop after issuing shares to cover Swire Pacific buy

Tidewater drags customers into short-term charter deals to catch improving rates

PGS sells out $150m equity raise as seismic markets heat up

Boskalis to delist in November after HAL seals $2.3bn takeover

Equinor secures tonnage with platform supply vessel charters worth $236m

Stanford Marine sells AHTS for bunkering operations in UAE

‘Monumental step forward’: Altera strikes deal to push through restructuring plan

Crowley pulls the trigger on land purchase for Massachusetts offshore wind terminal

Adnoc ‘in talks’ to create shipping and chartering giant with Gunvor deal

Italian owner Prysmian scoops wind cable deals worth $800m

The wind up: Eneti reloads $50m shares buyback authorisation

Eidesvik sees SOV rates at record levels as demand beats supply

‘Something special’: Bjorn Kristian Roed to exit Odfjell for wind challenge at Havfram

Clarksons: offshore ship recovery ‘entrenched’ as rates hit seven-year high

Singapore’s Keppel Corp suffers third yard fatality in under six months

Marco Polo Marine sees threefold increase in gross profit during latest quarter

Ardmore-backed e1 Marine to develop hydrogen-powered car carrier

Costamare confirms setting up new dry bulk operating platform

Why Lila Global keeps Anil Sharma smiling amid recycling downturn

Oil ban

West will struggle to enforce breaches of oil price cap, experts say

Wavelength

European sanctions strike set to spur tectonic change for tankers

Bulker operators chase Raysut Cement for outstanding bills — but who’s to blame?

Jobs

FD&D Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Senior Lawyer Defence / Charterers & Traders

Lawyer Defence / Charterers & Traders

Underwriter/Senior Underwriter, Charterers & Traders

Senior Claims Manager

The London P&I Club

Chartering and/or Senior operations Manager

Grain Compass Kft

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