TradeWinds | Latest shipping and maritime news

QatarEnergy poised to ink seven LNG carriers at Hudong-Zhonghua Petredec says Avance stake building gave it confidence to go for IPO ‘Demand unlock’: Analyst ‘significantly more positive’ on Carnival Corp as pandemic rules go away Greek shipowner looks to courts to avoid US arrest in bunker dispute Port of Tampa Bay readies for Hurricane Ian’s arrival as it heads toward Florida TotalEnergies sees two-stage scenario for marine decarbonisation US safety investigation reveals probable cause of Marfin-linked bulker’s crash into barge Isle of Man flag wins newbuilding deal with low-profile MX Bulk LNG may not be a silver bullet but it doesn’t have to be dirty Three buyers on shortlist for $600m Evergas fleet as creditors seek cash

Petredec says Avance stake building gave it confidence to go for IPO

QatarEnergy poised to ink seven LNG carriers at Hudong-Zhonghua

TotalEnergies sees two-stage scenario for marine decarbonisation

Denmark imposes no-shipping zone in Baltic Sea after Nord Stream 2 leak

Greek shipowner looks to courts to avoid US arrest in bunker dispute

Three buyers on shortlist for $600m Evergas fleet as creditors seek cash

Shell paying $110,000 per day as VLCC cargoes hit second-highest level ever

Dry bulk S&P market thaws as sellers price ships ‘more realistically’

Glencore dragged into another bad bunkers dispute by Greek owner

Port of Tampa Bay readies for Hurricane Ian’s arrival as it heads toward Florida

Cruise and Ferry

‘Demand unlock’: Analyst ‘significantly more positive’ on Carnival Corp as pandemic rules go away

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ESG

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TotalEnergies sees two-stage scenario for marine decarbonisation

‘Very few’ charterers are buying into the Bimco carbon trading clause as deadline looms

Drafting a CII time-charter clause is a balancing act, says Bimco, as New Year deadline looms

Viewpoint

LNG may not be a silver bullet but it doesn’t have to be dirty

Credible green plans lacking to solve existential crisis, Asian ship executives say

Saverys family’s CMB.Tech orders six hydrogen wind farm support ships

IMO’s carbon intensity rules would remove 15 VLCC-equivalents from today’s fleet, says VesselsValue

With Chevron and Crowley onboard, ZEI aims to take the ‘magic’ out of hydrogen-fuelled shipping

Poseidon players seek course — or separate courses — to more ambitious carbon target

Maersk Tankers, Norden and Hafnia vie for new Danish diversity award

Whistleblowing pollution witnesses battle US over ‘false imprisonment’

Biden administration aims to make green shipping a highlight of next global climate meet

‘Long runway’: Ocean Network Express chief worries IMO could take years to lift carbon cost

IKEA swears off using offsets in achieving net-zero fuel goal

Ten more cargo owners pledge support for 2040 zero-carbon goals

Comment

Troim’s anti-ESG stand-up act would make Elon Musk proud

Addition of German export credit giant KfW IPEX brings Poseidon Principles to 30 financiers

‘The urgency is clear’: Poseidon Principles ups carbon-cutting ambition for ship finance and insurance

Carbon Ridge scores investments from major shipping names for onboard carbon capture

Putin’s war has brought forward energy transition by ‘5 or 10 years’ says Trafigura

Asian ship execs: Credible green plans lacking to solve existential crisis

Scorpio Tankers hands back another $18m to investors with buybacks

Slideshow

Greece made guest of honour as Turks launch shipping jamboree

US investigation reveals probable cause of Marfin-linked bulker’s crash into barge

Viewpoint

LNG may not be a silver bullet but it doesn’t have to be dirty

Slideshow

Largest civilian hospital ship starts full operations in 2023

Consortium ups offer for Seaspan parent Atlas Corp despite worsening market

European LNG infrastructure ‘basically full’, says Vitol boss

LNG

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LNG carrier rates could top $500,000 per day this winter in a super-tight market

New York-listed Dynagas LNG Partners dry docks half its fleet amid rising profit

CoolCo’s Tyrrell unveils growth strategy for LNG and beyond

Three owners poised to sign eight fresh LNG orders against Qatari contracts

First incoming German FSRU identified as terminal action speeds up

Yangzijiang shares rally as yard edges closer to LNG newbuild capability

Gastech

Gastech: ‘Gassing’ in Milan gets loud as US LNG producers take centre stage

Japan’s MOL inks charter contract for LNG carrier trio in China

Seven big names team up on methane abatement for LNG in shipping

DSME and SHI ink swathe of LNG orders for Qatar and ExxonMobil

New LNG carrier design floated offering 18% CO2 emissions cut

George Procopiou strikes sale-and-leaseback deal for three LNG carrier newbuilds

Cost-cutting: Flex LNG commercial chief Marius Foss doubles up at Avance Gas

CoolCo sees hot prospects for upcoming two open LNG carriers

Shipowners eye up lone Sinokor LNG carrier newbuilding as market tightens

Capital Product Partners nets rate rises and hire extensions on LNG duo

Beached bulker in stable condition off Gibraltar after collision with LNG carrier

Stifel’s Ben Nolan to Hoegh LNG Partners shareholders: Vote no on take-private deal

Golar LNG hedges forward FLNG production as European gas prices soar

MOL grows open LNG carrier position with latest order at DSME

Navig8 hails relationship with Latsco as two more MRs join pool

NATO warns Black Sea security threat to shipping remains high

Equinor pays eye-catching term rate for Oman Shipping VLCC

How would upcoming CII rules impact the VLCC fleet today? VesselsValue reveals all

Dry bulk asset values are softening despite bumper S&P activity, says Clarksons

Russia grabs growing share of ‘dark fleet’ at Iran’s expense, says Braemar

Insight & Opinion

China to the rescue: Clarksons raises 2024 VLCC rate forecast to $90,000 per day

Ukraine and state of global economy to dictate strength of VLCC rally, says Poten

Crude tanker rates cool off, while Atlantic MRs ride a roller coaster

Catching a falling knife: how low will container markets go?

Comment

Troim’s anti-ESG stand-up act would make Elon Musk proud

Product tankers cool off with ‘frustrating’ week for LR1 owners and LR2 charterers holding back

Streetwise: Tanker investors have cleaned up in 2022, but is the game over or just in early innings?

US price cap rules for shipping: ‘Perhaps the most complex sanctions regime I have ever seen’

Realism, not hit and hope greenwash, now needed on climate action

Capesize bulker spot market may just meet operating costs until end of 2025, analysts say

Container markets: Don’t panic! It’s a correction, not freefall

Clarksons identifies ‘tiered’ market as ships steam 20% slower since financial crash

Euronav and Frontline: merger partners are also long-term investor darlings

VLCC traffic into Europe tops 1bn tonne miles per day, says Poten

Bimco: Tanker rates looking solid in 2023

Comment

Follow hard numbers and forget the cucumbers amid silly season

US product export cuts could supercharge tanker rates, says Poten

Just say no: Noble Capital advises Grindrod Shipping holders to pass on $26 Taylor offer

Booming rates hold different fates for Bergen chemical pools

Shipbroker Braemar bullish on tankers as prices rise and fixtures spike

Saverys family’s CMB.Tech orders six hydrogen wind farm support ships

Isle of Man flag wins newbuilding deal with low-profile MX Bulk

Clarksons says Nordic American Tankers sailing into an ‘ocean of dividends’

IUMI conference comes to terms with insurers’ growing war risk

Japan’s Mitsui & Co linked to MR tankers order at Hyundai Vietnam Shipbuilding

‘Very few’ charterers buying into Bimco carbon trading clause as deadline looms

Business Focus

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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

Team-orientated Synnove Seglem takes reins at Knutsen on LNG

LNG carrier newbuilding demand set to roll on as prices climb higher

Capital Gas stacks up tempting array of open LNG newbuildings

Knutsen mulls options for its redelivering steamship quartet

How financiers stepped in when Pangaea Logistics had two ships and the client wanted four

Newsletter

Streetwise: Stars align for shipping’s alternative financiers

Special report: Energy worries shine spotlight on LNG shipping

NIBC Bank: a billion reasons to look after the small and medium-sized owner

With bank funding still on the wane, Hudson Structured toasts a ‘powerhouse’ alternative

Banker turned shipowner Andy Dacy sounds caution, but not on LNG

Shipping comes home to world’s top ownership nation

Who bagged top lot at Mercy Ships charity auction in Geneva?

Safe Bulkers sells vintage kamsarmax bulker as part of fleet renewal

Hanwha Group buy-out of DSME targeted for completion in first half 2023

Storms could send product tanker rates skyward, BRS Group says

Drafting a CII time-charter clause is a balancing act, says Bimco

Poseidon players seek course — or separate courses — to more ambitious carbon target

People

Garex chief executive Frederic Denefle appointed next IUMI president

‘Bashing the table for shipping’: UK minister’s new brief welcomed by industry

Crew change: Meet the new faces at Idwal, Foreship and ZF Marine

Trader Aline Vaz heads Monjasa push into Brazilian bunker market

ESL bemoans limited diversity as it welcomes first female master

MOL’s Hashimoto welcomes 23 recruits in changing times for giant owner

New blood brought in at Monjasa as eight trainees join

TotalEnergies Marine Fuels names Louise Tricoire as new VP

FSL Trust's CFO Wenker leaving to join Malaysian FPSO specialist

Former Grindrod boss Wade re-emerges at Lauritzen Bulkers

ESL Shipping promotes Frida Rowland and brings back broker Mark Olesen

Bengal Tiger Line roars at the 32nd annual BTL Singapore Golf Masters

Broker Charlie Hockless back in London to boost S&P at Fearnleys

Ukrainian seafarers free to leave war-torn country in drive to tackle grain backlog

‘Being a goldfish in a shark tank is not something we enjoy,’ says container start-up Carrier53

OSCAR dragon boat event returns to Docklands with a splash

Hearty winds propel 39th Peter Gast Regatta to the finish line

War risk specialist Frederic Denefle lined up to head IUMI

Per Roed launches Oslo office for hydrogen shipping start-up Provaris

New Grieg Green boss targets growth as ESG demands intensify

MSC's plan to enter aviation business gets lift-off

Safeen and Saif Powertech double down with $102m boxship deal

Altera and Stena Bulk to sell last jointly held vessel

With Chevron and Crowley onboard, ZEI aims to take the ‘magic’ out of hydrogen-fuelled shipping

UK Defence Club lands veteran Ince partner Paul Herring

Maersk Tankers, Norden and Hafnia vie for new Danish diversity award

Boxships

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MSC’s plan to enter aviation business gets lift-off

MSC doubles down in ‘contractual’ dispute with US shipper

Seaspan Corp tears up $520m newbuilding contracts with warning of legal claim

Container newbies struggling to meet charter payments as rates tumble

Goldman Sachs cuts Global Ship Lease stake by 49% in a month

CMA CGM offloads final slice of Global Ship Lease 15 years after founding it

Maersk moves deeper on methanol with up to 20 container ship newbuilds

Container ship charter rates plunge 20% as default fears rise

Amid record profit, CMA CGM predicts falling shipping demand

Singapore PM Lee turns stevedore at opening of world’s largest fully automated container port

Captain fired by Maersk Line Ltd after ‘hazing’ suspension

‘Being a goldfish in a shark tank is not something we enjoy,’ says container start-up Carrier53

Maersk sells out of leading Russian terminal business Global Ports over Ukraine war

Seaspan lines up forward fixtures of a dozen 10,000-teu container ships

‘12 months too late’: Concordia conversion plan falls foul of global downturn

Seaspan container ship hit by fire shelters in Colombo

First half container ship scrapping at lowest level since 2008 says Clarksons

MSC expands into healthcare as part of $4.5bn takeover bid for Mediclinic

RCL splashes the cash on vessel purchase after doubling profits

CSBC pockets up to $220m from selling four container ship newbuilds

Andreas Martinos-led Minerva Marine joins tanker selling frenzy with the sale of its oldest MR

Buyer found for struggling South Korean shipbuilder DSME

Danish concern over tanker pilots as Russia sanctions loom

Parent Tankerska Plovidba buying up stock in MR tanker owner TNG

China Merchants Energy doubles LNG carrier newbuilds at Dalian Shipbuilding

China to the rescue: Clarksons raises 2024 VLCC rate forecast to $90,000 per day

Interview

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

Zacho ready to start ‘dream job come true’ as head of Navigator Holdings

New Clarksons digitalisation chief Schroder looking to expand his team

Shipping on green course but needs help to get there, Kaptanoglu says

More back-door IPOs are coming like it or not, says Maxim Group’s deal maestro

Swedish Club head Lars Rhodin upbeat as he prepares to bow out

For Angeliki Frangou’s Navios, newfound resiliency opens door to fresh opportunities

Navios Partners corporate governance of the ‘highest standard’, Frangou says

Being present at Navios’ office throughout the pandemic: ‘You have to give comfort’

Amid questions over dividend, Frangou keeps focus on ‘total return’

For Angeliki Frangou, inefficiency is the one certainty in shipping’s outlook

Imabari and Hitachi Zosen forge Japanese marine engine giant

Editor’s selection: War to speed up low-carbon push, patient asset play rewarded and dark fleet’s dirty tricks

Sanctions risk: Putin’s mobilisation move could hit tanker demand

Catching a falling knife: how low will container markets go?

Safeen and Invictus invest $126m on vessels for new dry bulk company

Master killed and hull damaged from cargo ship blast

Offshore

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

Eneti takes in $83m through sale of entire stakeholding in sister Scorpio Tankers

Singapore’s Sembcorp Marine cuts first-half losses by almost 80%

Tidewater expecting rich day rates as offshore market begins to pick up

Eneti mulls sale of vessel trio to ‘capture the spread’ between asset values and shares

Teekay Corp sells last FPSO amid the hunt for new opportunities

Singapore’s Keppel chases Petrobras FPSO contracts worth $5.8bn

Maersk Supply sells two laid-up AHTS ships with rates riding high

Solstad Offshore sells again as it fixes trio of construction ships

BP in hot water over FPSO scrapping plan in Scotland

Offshore recovery: Standard Supply reveals term PSV deal at $30,000 per day

Danish owner NKT moves closer to $305m wind farm contract

Ostensjo providing ships as Norway demolishes Arctic mining camp

‘Timely’ shift into product tankers sends Tufton profit soaring to $107m

LNG carrier rates could top $500,000 per day this winter in a super-tight market

Norway’s ADS Maritime takes over MR tanker duo in deal with Peter Georgiopoulos

Slideshow

OSCAR dragon boaters set fundraising record — pushing total to £2.5m

Crude tanker rates cool off, while Atlantic MRs ride a roller coaster

Ukraine and state of global economy to dictate strength of VLCC rally, says Poten

Insurance

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IUMI conference comes to terms with insurers’ growing war risk

Poseidon players seek course — or separate courses — to more ambitious carbon target

Skuld turns around losses as underwriting results improve

Swedish Club turns around underwriting losses

War risk specialist Frederic Denefle lined up to head IUMI

Insurers and unions face pressure to respond as piracy high-risk area ends

Trailblazer Ioannou sets out her vision as she takes the helm of the American Club

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

War risk: Insurers start to quote on Ukraine grain shipments

Insurer warns ‘safety affected’ by military exercises off Taiwan

Insurer Hiscox to join Lloyd’s insurance facility for Ukraine

UK dodges global insurance ban on Russian oil to keep cargo moving

Broker Aon sees financial pressures easing on P&I clubs

Insurers have an ‘appetite’ to cover Ukraine grain exports

Insurers preparing to step in to support Ukrainian grain exports

Insurance for Ukraine grain exports to come ‘at a reasonable price’

Swedish Club sets August date for new office opening in Singapore

Allianz warns inflation could leave ships underinsured

Insurers calm on Ukraine total loss claims despite looming deadline

Insurer SCOR turns to data to improve its marine business

Data giant Kpler expands dry bulk coverage to agricultural commodities

Russia sanctions ‘too easy to circumvent’ Latsco’s Margaronis tells Propeller Club

Is China switching from Russian oil as VLCC fixing rush hikes rates?

Capesize bulker market rises 45% as China’s building sector shows signs of life

Russian coal hauls to third countries are legit, Greek union insists

Greek tanker hit by fire after leaving Russian Baltic port

Jobs

Dry Bulk Operator (M/F), Luxembourg

Shortsea Chartering Manager

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ALLEGIANT Shipping Ltd

Senior Claims Manager

Data Scientist - Hong Kong

Pacific Basin Shipping (HK) Limited

Research Analyst - London / Hong Kong

Pacific Basin Shipping (HK) Limited

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