TradeWinds | Latest shipping and maritime news

Eneti books best-ever profit due to bulker investments in ironic first quarter Tallink cruise ferry cops charter deal to house 1,000 UK police officers during G7 summit EGD delivers stronger profit in 2020 as revenue rises Cosmoship ups boxship orders and eyes bulker asset play Boxship charter rates soar to all-time high amid 'paradigm shift' to longer periods GasLog LNG steam ship finds a home in charter market raid The Big Short investor Michael Burry makes first investments in shipping Russian leasing company STLC tenders for 11 more general cargoship newbuildings Densay and Apollonia Lines feast on Japanese-built secondhand bulkers Synthetic-LNG: ‘it’s absolutely no miracle’

'The Big Short' investor Michael Burry makes first investments in shipping

Eneti books best-ever profit due to bulkers in ironic first quarter

Cruise and Ferry

On Watch

Tallink cruise ferry cops charter deal to house 1,000 UK police officers during G7 summit

TW+

Synthetic-LNG: the holy grail is ‘absolutely no miracle’

Analysis

Boxship charter rates soar to all-time high amid 'paradigm shift' to longer periods

EGD delivers stronger profit in 2020 as revenue rises

GasLog LNG steam ship finds a home in charter market raid

TW+

Building in the bio: The quest for LNG’s holy grail

TW+

Does your ship have the EEXI factor? Probably not yet

Cosmoship ups boxship orders and eyes bulker asset play

MOL buys StealthGas LPG carrier to re-enter ammonia trades after five years

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Insight & Opinion

VLCC prices breach $100m mark on steel plate rises and shipyard berth dearth

Liquidity dispute breaks out on Scorpio Tankers call as analysts grill Bugbee

Analysis

Dry commodity prices are going to the moon, but bulkers march to their own drum

Product tanker owners turn bullish after Colonial Pipeline hack

‘Future-proofing’ large tankers only costs $1m per ship, says Euronav

Analysts boost outlook as Eagle Bulk ships haul loads of profits

Viewpoint

Denmark should rethink its punishment of Maersk for scrapping activities in Alang

Fearnleys says 'clock is ticking' on $600m Navios Acquisition bond

Tanker owners still need to wait for recovery, analyst says

Gil Ofer: for maritime start-ups, there really is no better place to be than Singapore

De Stoop says big tankers still 'abundant' as Euronav crashes to $71m loss

Analysis

Gate crashers: newbuilding crude tankers muscle into product trade

One year after calling time on tankers, Chappell sees more pain ahead

DHT Holdings neither a buyer nor seller as it plays the patience game

Vale's 'mantra' is music to bulker owners' ears: 450m tonnes of iron ore by 2022

Permanent closure of South Africa’s oldest refinery to boost product tanker demand

Analysis

Rush of tanker scrapping expected if US lifts sanctions on Iran

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Rajesh Unni says new virus wave is a 'recipe for disaster' for shipping

Time to future-proof ships amid uncertainty over bunker options

Boxships

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Costamare launches Athens shipping bond market with $120m issue

Japan’s big three owners signal a dramatic dip in liner profits

Danaos reinstates dividend after 13 years on hitting 'best position ever'

MSC charters 11 LNG-fuelled containerships from Eastern Pacific Shipping

HMM poised to pull the trigger on $1.4bn order for 12 neo-panamaxes

Asiatic Lloyd orders ‘ammonia-ready’ boxships in $400m fleet rejuvenation

Clock ticking for boxship owners as asset price cliff looms

CMA CGM orders 22 boxships worth almost $2.3bn in China

MOL turns $1bn annual profit for 2020 following boxship bonanza

MSC takes spending on neo-panamaxes to $400m with Embiricos deal

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Maersk confident of compliance as Denmark launches scrap probe

Matson's Matt Cox sees transpacific unlike anything 'in my nearly 40 years'

Costamare buys out York Capital from another boxship quintet

Seaspan Corp mulls extending containership order spree by another $1.46bn

Cash-rich Zim splashing $350m on early bond buy-back

‘Exceptional market situation’ prompts big full-year guidance upgrade at Maersk

Matson's profit skyrockets off soaring China service

Bernhard Schulte leaves Hanseatic Unity Chartering

Angry Contships in plea for armed guards after boxship bridge smashed up

UPDATE

BW LPG takes control of Indian joint venture as it smashes profit forecasts

China faces tough task trying to replace Australian LNG, analysts say

Europe seeks to lift financial support for blue investments

S&P

Tufton Oceanic says bulker prices 'don't make sense' as it sells half of dry fleet

DSF warns traditional names could struggle as new money eyes decarbonisation play

TW+

‘Don't worry about alternative fuel details, just shoot for goal’

Interview

A decade of disruption: how VesselsValue carved out ship valuation niche

VesselsValue to move beyond shipping as new Asian offices open

Cesare d’Amico targets acquisitions of 20 eco-bulkers at pivotal juncture

100-ship fleets? Edward Buttery is happy to be 'the guy with one ship'

A family affair: father and sister key to Edward Buttery's IPO journey

'Totally overwhelmed': clients offer to co-invest in Wartsila's carbon capture plans

Magnus Fyhr returns to US analyst circles with positive view on tankers

WISTA Norway president calls on men to pitch in for gender equality

Profile

Claus-Peter Offen's succession plan charts course for next decade

International Seaways-Diamond S deal was more than a year in making

Oman Shipping gears up for five-year, 35-ship green expansion drive

Oman Drydock Co set to realise its full potential

Oman Shipping cashing in on scrubber-fitted VLCCs

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Reunion of old ex-DVB friends who keep their distance

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung targets bulker and pools expansion

Profile

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

Analysis

Clarksons Platou says tanker owners more reluctant to sell as recovery nears

U-Ming adds big bulker pair to order at Qingdao Beihai

Gibson urges action on cyber attacks as it fears hackers targeting tankers

Viewpoint

More bite and less bark needed in cyber security regulation

Marex poised for $800m IPO in UK as it expands in tankers

US renewable credits emerge as market mover for product tankers, says Braemar

Coronavirus

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Tanker newbuilding owners face conundrum for maiden voyage from China

Ship managers pause crew changes of Indian seafarers as nation grapples with Covid-19

Viewpoint

Ignoring crew welfare will turn seafarers away from shipping

'Conflict resolution': MHSS warns more seafarers threatening suicide

Fujairah blocks crew changes as Covid-19 surges in India

Indian officer dies with respiratory problems on Saga Welco bulker

Singapore prohibits crew changes for seafarers with recent travel to India

New Century offloads Asian cruise veterans onto Indian ship recyclers

Belgium gives green light to priority vaccination for seafarers

Lone seafarer isolated from Covid-infected colleagues as Inge Kosan leaves port

Strange shipping tales: quarantine babies and supermarket scuffles

Pandemic and ship value write-down leads Grieg to $105m loss

Two seafarers dead after Covid-19 cases reported on three ships in Brazil

Seafarer found dead on CM Lemos capesize as 10 crew test positive in Crete

Philippines bans foreign seafarers from 21 countries to halt new virus strains

Singapore to tighten Covid-19 checks after LR surveyor catches virus

Interview

DNV GL's Orbeck-Nilssen backs surveyors amid industry dash to remote inspection

Viewpoint

Seafarers must be designated as key workers before the industry collapses

Coronavirus claims India's Jalesh Cruises

Genting and Royal Caribbean to relaunch Singapore cruise operations

Wind shift? Five months into 2021, Eneti is still operating bulkers

Cruise and Ferry

Carnival to resume European sailings on seven brands by summer

Dry bulk stocks sag as freight rates sink, while major names ready earnings

Analysis

US-listed tanker giants timid on predicting recovery amid pursuit of post-pandemic bounce

Maritime & Merchant Bank lends more but sees tanker credit quality dip

Lawyers fear court ruling could bar foreign seafarers from German waters

People

Law firm CJC makes new hires at its UK offices

Canopius aims at war risk growth with hire of Miller veteran Whitear

Local hire boosts Britannia P&I’s ambitions in South Korea

Geir Nedrelo takes Jebsen's chair at Blystad

Wikborg Rein promotes 'no-nonsense' shipping lawyer Eleanor Midwinter to partner

Singapore shipping struggles with boardroom diversity

Simon Grainge takes top role at seafarers’ support group ISWAN

Charity HRAS and Reed Smith lawyers team up to advise stranded seafarers

Marex poaches brokers from Clarksons amid Oslo push

New Zealand to enshrine seafarer welfare funding in law

Italy’s d’Amico Group rings in the changes at its dry bulk division

Former Fearnleys owner and art collector Hans Rasmus Astrup dies at 82

All eyes on Maria Angelicoussis as new boss faces high-stakes calls

Howe Robinson boardroom table revealed as the one Prince Philip was born on

Visionary owner John Angelicoussis bequeaths sprawling shipping empire

Greek prime minister leads tributes to the late John Angelicoussis

WISTA Norway president calls on men to pitch in for gender equality

Melanated Mariners shines light on black contribution to shipping

Shipping pays its final respects to John Angelicoussis

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Wind in its Oceanwings: Bureau Veritas approves boxship design with retractable sails

Dynagas locks away first speculative FSRU on one-year deal

Contract-heavy Pangaea Logistics sees rates premium challenged in hot market

Demolition

European Navigation steps up recycling campaign as values rise

Suez Canal begins expansion work for southern sector after Ever Given blockage

Group of 99 shipping stakeholders launch bid to end Gulf of Guinea piracy

Tw+

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TW+

Tristan Smith: ‘The IMO seems in denial about the scale of carbon challenge’

‘Don't worry about alternative fuel details, just shoot for goal’

Maria Angelicoussis: Making her mark at Maran

Elisabeth Grieg: ‘I am too impatient. Someone has to go first’

Andi Case: You can’t ignore the empire he has built

Procopiou sisters: Siblings move centre stage

Meet 30 people who will shape shipping's future

Kathrine Fredriksen: Reading the runes of a Norse saga

Christian Oldendorff: Seizing the economic potential of technological leadership

Cameron Mackey: Scorpio's quiet man on with a hand on the tiller

Alexander Saverys: CMB harnesses hydrogen in the battle against black swans

Ren Le Tian: Rebuilding Yangzijiang, his way

Andy Dacy: Veteran has seen a lot of markets and he likes what's to come

Andreas Sohmen-Pao: BW boss aims to be on the right side of history, by helping to shape it

20 questions with Radziwill: ‘Dude, how come we’re not a lot richer by now?’

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

20 questions with Sam Ka, HHI's digital dreamer

Cash and carry | Will shippers pay the price for carriers to go green?

Shipping’s new dawn — it’s early days yet

Flex LNG locks away another ship on a multi-year time-charter

Tan Beng Tee

Making shipping exciting for Singapore's next generation

Shipping’s gender profile is changing in Singapore as interest grows

Cruise and Ferry

Parent buoys pandemic-hit MSC Cruises as losses exceed $1bn

S&P

Eletson sells arrested tankers to repay Chinese leasing houses

New inquiry: will Italy's parliament finally solve the mystery of the fiery Moby Prince 'massacre'

LNG

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MSC eyes $1bn effort to convert 40 boxship newbuildings to dual fuel

CNOOC taps owners for trio of LNG carrier newbuildings

Mystery FSRU player poised to seal Australian terminal contract

Laid-up Sinokor LNG carrier finally sold for demolition

Scorpio tanker and Knutsen LNG carrier damaged in clash off Spain

Gunvor drops Exmar FSRU after arbitration decision

Titan LNG targets bio-LNG supply with new bunker barge plan

Cheniere Energy loads largest LNG carrier at US terminal

Avenir LNG closes in on fixtures for its two 20,000-cbm newbuilds

FSRU fixed for upcoming Ghana LNG import project

Analysis

Spot and short-term LNG deliveries surge in 2020, GIIGNL says

Petronas confirms LNG newbuilding trio for LNG Canada shipments

Morocco makes fresh bid to install an FSRU

Total’s force majeure on Mozambique LNG puts 17 newbuildings in jeopardy

New Awilco LNG charter expected to boost Ebitda

Japan and French banks dominate LNG financing, Poten says

SEA-LNG says World Bank view on LNG is ‘a mistake’

Celsius Shipping courts yards for LNG carrier quartet

Flex LNG dives into period market with five-ship Cheniere deal

‘Unacceptable’ not to choose LNG for newbuildings, Shell says

Constantakopoulos clan swoops on bulkers on its private account

Decarbonisation

MOL, Total and Pavilion join Singapore ammonia bunker study

Fire-hit NYK Line boxship heads to Port of Oakland

Cruise and Ferry

Covid-19 resurgence deals unpleasant hand to Asian cruise operators

Capesize bulker spot rates fall amid rising commodity prices

S&P

Zodiac Maritime snaps up fourth VLCC from Xihe

Offshore

Keppel teams with Hyundai Heavy for $2.3bn Petrobras FPSO

Steckmest flips bankrupt Polarcus fleet to Shearwater for $128m

Jones Act spurring offshore wind joint ventures with US firms

NYK Line forms joint venture to operate wind farm ships in Japan

Seadrill clinches $380m Equinor charter for drillship in Brazil

Wavelength

Seabed mining an ESG dilemma on what defines decarbonisation

Offshore and marine arm continues to drag down Keppel Corp

UOS sweeps back into Brazil with two-year AHTS charter

BW Offshore scraps laid-up 45-year-old FPSO in $16m deal

Norwegian AHTS rates top NOK1m for first time since 2018

Offshore exodus: more PSVs sold out of oil and gas market

Crowley sees lucrative, long-term opportunity in wind

Bondholders take over last Polarcus ship and buy Fugro's seismic business

Odfjell family takes over Oceanteam as it focuses on wind power

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Clarksons takes $84m finance and offshore hit, but broking stays strong

Equinor keeping on Esvagt SOV for another five years

Tidewater confident the worst of Covid-19 is behind it

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

TW+

Man on a mission: Bo Cerup-Simonsen and the countdown to zero carbon

Digital tool

TradeWinds unveils new app to enhance reader's digital experience

Port of Seattle fights microaggression in pursuing gender equity and inclusion

Resales

Thenamaris expands VLCC exposure with newbuilding pair

Wakashio disaster inspires digital voyage safety services

Dynagas and shareholders near settlement over cash flow and dividend statements

Business Focus

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Digital technology reshapes the shipping agenda

Furuno offers a look into the future with augmented reality navigation

ESG

'Radar harvesting' project poised to expose AIS cheats

Digital tech

Digital detectives play cat-and-mouse game over sanctions

Digital Tech

Shipping dives into the age of digital transformation

Digital Tech

Space technology helps underwriters understand shipping risks

Digital Tech

Experts see 'missing link' as maritime firms fail to prioritise digitalisation in business plans

Digital tech

Software vendors urged to up their game to add value for shipping

Digital tech

Shipping turns to digital technology to meet demand for ESG

We know all about the 'E', but where's the 'S' and the 'G'?

The fittest of shipowners can survive the age of ESG finance

Seafarers' union looks to widen role in ESG push

US watchdog cracks down on ESG issues amid focus on shareholders

Spotlight

Decarbonisation is the new frontier for ship managers

Spotlight

Pandemic proves ship management is a people business at heart

Intermanager sees second-party partnerships and standards as way to attract owners

Spotlight

Crew change not as bad in Covid-19's second wave, but problems persist

Spotlight

Ship managers faced their toughest test in crew-change crisis

Spotlight

Technology the silver lining of virus as catalyst for change in ship management

Spotlight

Covid-19 uncovered mental health issues that must not be forgotten

West of England's underwriting deficit increases as claims soar

Navig8 Chemical still committed to parent as it scraps series of related-party deals

S&P

Torvald Klaveness cashes in on hot containership market with sale of duo

Expanding Newport SA pushes towards 20-vessel mark with two new bulker acquisitions

Vogemann boosts bulker orderbook with deals at two Chinese yards

Strategy

Teekay Tankers saving $8m with leaseback buys — and more will follow