TradeWinds | Latest shipping and maritime news

Dry bulk market continues downward trend for third straight week Podcast: Who’s going to foot the bill to decarbonise shipping? Editor’s selection: Andersen exits Golden Ocean, Zabrocky in the crosshairs and football’s coming home Bulk carriers collide in Greece but no casualties reported (Video) Shell Ventures and Idekapital pump $90m into Kongsberg Digital Count for battery-powered vessels passes 1,000 mark ‘Dent’ in MR tanker spot levels feeding through to time charters, Concordia says Greek shipowners will dominate product tanker newbuilding orders. Here’s why, says BRS New Fortress Energy gets greenlight for first FLNG unit kick-off in Mexico Homegrown banks claim larger slice of Greek ship lending pie

Editor’s selection

Andersen exits Golden Ocean, Zabrocky in the crosshairs and football’s coming home

Dry bulk market continues downward trend for third straight week

Streetwise

Fredriksen ‘war of words’ show hasn’t closed. It’s just changed venues

Follow all the news from Nor-Shipping in TradeWinds’ live centre

‘Time for a sunny summer’: Ulrik Andersen quits at Golden Ocean

Green Seas

Podcast: Who’s going to foot the bill to decarbonise shipping?

Special report: Opportunities and risks in shipping’s new carbon market

GR8 Chartering gets started in Athens with ex Lightship and Arrow shipbrokers

Fractal hints at ambitious plans as scale of Russian oil trades is revealed

Count for battery-powered vessels passes 1,000 mark

Detained VLCC had ‘no option’ but to pay $15m Nigeria plea deal

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Business Focus

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Will shipping be able to trade its way to a low-carbon future in Europe?

European Union ETS: Just the start as shipping gears up for global fuel rules

Going long: Alternative fuels for shipping will require a sea change in the bunker-buying mindset

On target: Japan vies for pole position in race to build zero-emission ships

Meet the Crabster: In-water robots meet the biofouling challenge

Bunkering in Europe: The much-delayed bunker tax presents global implications

Sail power: Who’s got you covered when wind patterns fail?

Opportunities and risks in shipping’s new carbon market

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

LNG

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Shipowners mull details of QatarEnergy’s 40-ship LNG newbuilding haul

Italy ups LNG regas capacity by greenlighting Livorno FSRU boost

Golar LNG ploughs cash into carbon capture in effort to slash FLNG emissions

CMA CGM to order LNG-fuelled vessels for acquired ropax outfit

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

Homegrown banks claim larger slice of Greek ship lending pie

Shell Ventures and Idekapital pump $90m into Kongsberg Digital

Vitol sells MR tanker quartet as it chases emissions target

Hoegh kicks tyres on ammonia from terminals to car carriers

Shortsea players expect to live with short steps towards decarbonisation

Tune Chemical kicks off fleet renewal with order for methanol-powered tankers

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

Louis Dreyfus Armateurs backs project for low-emissions boxship

Greece’s Chemnav breaks 17-year newbuilding hiatus for MR tankers

Shipping workers raise thousands from Lake Geneva cycle ride

Solstad Offshore sales whittle down debt and readies owner for the energy transition

Container ship newbuildings could be hit by delays of up to 12 months

USTC’s Bunker One charters in methanol-ready tanker for European operations

People

Steamship Mutual appoints first women to chair P&I board

Ulrik Andersen quits at Golden Ocean as commercial chief Svensen steps up

US envoy John Kerry taking decarbonisation message to Nor-Shipping

Hafnia founding partner Anders Engholm retiring after 43 years in shipping

Shipping workers raise thousands from Lake Geneva cycle ride

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

Schoeller’s AAL fined over defective ropes after pilot fell seven metres

EU to harmonise sea safety and pollution rules with IMO standards

‘Plethora of detainable deficiencies’ sees bulker banned from Australia

Wavelength

Comment: Shipping in pole position for race advantage over transport peers

Japan vies for pole position in race to build zero-emission ships

Frontline will not pass up ‘unicorn’ numbers for charter deals, says Lars Barstad

Insight & Opinion

Wavelength

Comment: Shipping in pole position for race advantage over transport peers

Value gap: investor Joakim Hannisdahl says shipping company pricing ‘unsustainable’

Newsletter

Streetwise: The John Fredriksen ‘war of words’ show hasn’t closed, it’s just changed venues

Bimco: Best tanker outlook since 2008 financial crash

Hundreds of new maritime firms set up with Russia links

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

VLCC profits in 2024-25 will be higher ‘than ever before’, says analyst Petter Haugen

BW LPG taps Xu as chief financial officer to fill Ong’s shoes

DHT strikes on modern VLCC after ‘hunting high and low’

Spot market

Europe’s coal glut hurting capesize bulkers as transatlantic rates plummet

Algoma Central linked to ‘high-spec’ product tanker newbuildings in South Korea

Low-profile Turkish player Prive swoops for a series of tankers

Boxships

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Yang Ming confirms container ship order at HD Hyundai Heavy Industries

Container ship newbuildings could be hit by delays of up to 12 months

CMA CGM to order LNG-fuelled vessels for acquired ropax outfit

Container ship owners eye benefits of ‘friend-shoring’ as geopolitics reshapes trade

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

Nearly a tonne of cocaine seized on supramax bulk carrier in Australia

Shell urges shipping to pick up the pace on decarbonisation

‘Fresh sanctions threaten to put legitimate shipping fleet in crosshairs’

Steamship Mutual appoints first women to chair P&I board

Container ship owners eye benefits of ‘friend-shoring’ as geopolitics reshapes trade

Frontline not planning to ‘press the button’ on newbuildings

ESG

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Green Seas

Podcast: Who’s going to foot the bill to decarbonise shipping?

Louis Dreyfus Armateurs backs project for low-emissions boxship

Opportunities and risks in shipping’s new carbon market

Newsletter

Green Seas: Can the geopolitical divide be overcome to bring a global carbon levy for shipping?

Green Seas

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

Bunkering in Europe: The much-delayed bunker tax presents global implications

Meet the Crabster: In-water robots meet the biofouling challenge

Going long: Alternative fuels for shipping will require a sea change in the bunker-buying mindset

Will shipping be able to trade its way to a low-carbon future in Europe?

Shell urges shipping to pick up the pace on decarbonisation

BW Epic Kosan latest shipowner to secure gender diversity-linked loan

ABB mimics whales to come up with highly efficient new propulsion system

US envoy John Kerry taking decarbonisation message to Nor-Shipping

MSC Cruises set to use bio-LNG to chalk up ‘world-first’ net zero voyage

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

Ammonia could be ‘dominant’ fuel for liner sector, Lloyd’s Register CEO says

Green shipping: When will dual-fuel vessels command asset and charter premiums?

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

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

Montfort teams with Dubai sheikh to buy Uniper’s UAE bunker business

‘I’m an observer’: Frontline’s Barstad stays out of Seaways war of words

Dry bulk players pile in on methanol-fuelled newbuildings at Tsuneishi

Shipowners mull QatarEnergy’s 40-ship LNG newbuilding haul

Revitalised DOF plots Oslo IPO under bank and bondholder ownership

Cruise and Ferry

CMA CGM to order LNG-fuelled vessels for acquired ropax outfit

Offshore

Revitalised DOF plots Oslo IPO under bank and bondholder ownership

Eidesvik Offshore completes seismic shipping exit with trio’s sale

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

JJ Ugland mulls bulk carrier sales as ultramax order firmed up

Eidesvik Offshore completes seismic shipping exit with trio’s sale

Spot rates

Baltic Dry Index crashes 13% to under 1,000 points as bulker market keeps falling

BW Epic Kosan latest shipowner to secure gender diversity-linked loan

Singapore authorities launch corruption investigation against Seatrium

UK P&I Club breaks through $500m premium barrier

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

Value gap: investor Hannisdahl says shipping company pricing ‘unsustainable’

‘Dry bulk market has taken a turn for the worse’ as China’s economy languishes

Chinese-backed US Spac floats second ‘battery tanker’ plan

Frontline cuts costs by tapping ING for $129m sustainability-linked loan

Tankers steer clear of Ceuta transfer hub after Russia crackdown

ABB mimics whales to come up with highly efficient new propulsion system

Jobs

Steel Trader

Panamax Chartering Manager

Head of Technical Procurement – Hong Kong

Pacific Basin Shipping (HK) Limited

Tanker Research Analyst - Junior

IFCHOR Galbraiths

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