TradeWinds | Latest shipping and maritime news

Trafigura sees ‘huge advantages’ in controlling large tanker fleet Trafigura says nervous shipowners now willing to consider long-term VLCC charters James Freeland: the last gentleman shipbroker Container ship newcomer Allseas Global Project Logistics goes into administration Showa Nittan beefs up product tanker fleet with 11 five-year charters Monjasa’s Anders Ostergaard: Don’t fret over the green fuel transition Buttery, Klemme and Maltby join expanded Grindrod Shipping board No immediate departure for TMI bulk carrier stuck in Ukraine Xi Jinping’s unexpected thirst for change offers hope for action on carbon Navig8 takes profit as it sells down stake in International Seaways

Trafigura sees ‘huge advantages’ in controlling large tanker fleet

Nervous owners now willing to consider long-term VLCC charters, says Trafigura

Container market crash sees newcomer go into administration

James Freeland: the last gentleman shipbroker

Slideshow

Spectacular views: Party season starts early for Idan Ofer’s Eastern Pacific in Singapore

Showa Nittan beefs up product tanker fleet with 11 five-year charters

Buttery, Klemme and Maltby join expanded Grindrod Shipping board

E-paper

Weekly

IMO’s Lim eyes carbon deal; Economou moves for tankers; CII dubbed ‘flawed formula’

Wavelength

Xi Jinping’s unexpected thirst for change offers hope for action on carbon

Sanctions

US blacklists Erdogan confidant on allegations of arranging oil shipments for Iran

Is Fredriksen’s Euronav share sale a shot across the bows?

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People

New Kings Point superintendent to take office in historic moment for women at MarAd

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

Hansen resurfaces at Maersk Tankers in partnerships role

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’

Insight & Opinion

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

Wavelength

European sanctions strike set to spur tectonic change for tankers

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

RightShip recruits Baltic’s Andy Symonds as its head of Asia Pacific

US urges Turkey to drop P&I tanker checks in the Bosphorus

OSG extends bareboat charters of American Shipping tanker sextet

KSOE faces Hyundai Samho Heavy Industries IPO deadline

Clean Marine ramps up scrubber capacity on fuel spread outlook

Streetwise

A transport hedge fund brings shipping focus and some familiar names

Boxships

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Maersk and Unifeeder butt heads in US court over Red Sea cargo loss

France’s Zephyr & Boree lines up 10-ship order for green container ships

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

Are Middle East shipowners lagging behind the industry’s voyage to net zero?

Performance Shipping finalises loan that takes November Alpha Bank deals to $40m

Cruise and Ferry

Viking Line offloads 42-year-old ro-ro to new Greek buyers

Shipping in the metaverse: The role for virtual reality in maritime

IMO sets its sights firmly on zero-carbon emissions

Oil ban

Upheaval: Russian crude oil exports collapse in the wake of EU ban

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

Carbon price breakthrough is closer, says IMO’s Kitack Lim

Nasdaq debutant plots LNG barge project to power Papua New Guinea

Shipping must cut fossil fuel use in half by 2030, Zero Carbon Centre says

GCMD study to tackle the offloading captured liquified carbon dioxide

Chinese-owned tankers return for ‘round two’ of Russia trades

IMO must send ‘strong and ambitious’ signal to cut carbon, says EC shipping lead

LNG

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Golar LNG launches reverse auction for $300m bond issue

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

Buyers revisit previous tanker sales candidates as new tonnage flow slows

Decarbonisation

Science Based Targets initiative ‘challenges’ shipowners to set targets to zero in 2040

MSea’s Mano hails first charter of dual-fuel tanker by non-methanol producer

Trafigura adds 40 ships to tanker fleet as profit soars

Nissen Kaiun quietly moves into shipbuilding following Mitsui E&S exit

We need ‘convenors’ to propel maritime’s decarbonisation, Houlder says

ESG

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

Are Middle East shipowners lagging behind the industry’s voyage to net zero?

We need ‘convenors’ to propel maritime’s decarbonisation, Houlder says

Shipping must cut fossil fuel use in half by 2030, Maersk Centre says

Science Based Targets initiative ‘challenges’ shipowners to set targets to zero in 2040

Newsletter

Green Seas: The EU has put a price on shipping’s carbon. What will the IMO do?

Navig8’s Clean Marine ramps up scrubber capacity on fuel spread outlook

Tanker boom will make energy transition easier for distracted owners, Ardmore’s Gurnee says

Singapore calls for proposals to develop zero-carbon ammonia bunkering

GCMD study to tackle the offloading captured liquified carbon dioxide

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

d’Amico saves $17m with bargain purchase option for MR tanker

Pan Ocean becomes latest shipowner to invest in an airline

Maersk Tankers’ Intermediate pool brings Argentina’s Bahia Grande on board

China eases Covid-19 policy, raising hopes for capesize bulkers

Low-carbon future: Japanese financers target green marine market growth

Stena Impero to return to global stage in carbon capture trial

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

Saverys clan within a whisker of blocking full Frontline-Euronav merger

Integr8’s round-the-world fight over unpaid bunker bill lands in New York

Ship Management

Maritime employers and union form pact to support seafarers

Frontline plots huge share capital boost as it calls investor vote on domicile switch

Intercargo rejects ‘flawed’ CII as decarbonisation benchmark

Economou poised to swoop for tanker newbuildings as China delivery slots open up

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

ECSA chief calls EU ETS talks outcome a ‘victory’ for shipping

Newsletter

Green Seas: The EU has put a price on shipping’s carbon. What will the IMO do?

In depth

Special report: The Russian oil ban and what it means for shipping

Comment

P&I clubs are right to stand firm over Bosphorus tanker impasse

ABS partners Boston Consulting to give commercial advice on decarbonisation

Second ’newcomer’ pulls out of Asia-Europe container trade

Offshore

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

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

Trafigura charters Waterfront methanol carrier to boost green shipping reach

Strike threat hangs over Hyundai yards as union mulls wage offer

Medco recruiting tanker brokers as it also eyes new LNG desk

Stena Bulk: Compliance costs rise amid dark fleet fears

ExxonMobil snaps up DFDE LNG ship on period hire as spot sentiment tumbles

Harbour pilot found at fault for Ever Forward grounding off Baltimore

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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