TradeWinds | Latest shipping and maritime news

Trafigura orders LPG-fuelled gas carrier duo at Hyundai Mipo Lepta continues growth path with kamsarmax order at Yangzijiang Shipbuilding Adnoc L&S closes in on VLCC newbuilding sextet at DSME Evalend Shipping wins one-year charter for newbuilding VLCC from Trafigura Thumbs down for LNG as industry innovators thrash out the future of fuels Frontline sees Libyan oil production boosting suezmax tanker market Panamaxes benefit from China's demand for Indonesian coal PL Ferrari defends P&I clubs' free reserves policy Possible mine blast hits Economou tanker in Saudi waters Floating regasification unit leaves China for Ghana LNG project

Possible mine blast hits Economou tanker in Saudi waters

Lepta continues growth path with kamsarmax order at Yangzijiang Shipbuilding

Adnoc L&S closes in on VLCC newbuilding sextet at DSME

Evalend Shipping wins one-year charter for newbuilding VLCC from Trafigura

Infographic

Bulkseas Marine joins Greeks hunting for kamsarmax tonnage

Thumbs down for LNG as industry innovators thrash out the future of fuels

Floating regasification unit leaves China for Ghana LNG project

Frontline sees Libyan oil production boosting suezmax tanker market

Panamaxes benefit from China's demand for Indonesian coal

Navig8 and Vosco feel the wrath of ING Bank with arrests

Wavelength

The slow-steaming pace of the IMO leaves shipowners stranded

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Weekly Edition

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IMO decision starts race against time to raise ship efficiency

Latsco Shipping makes VLCC sector debut with $180m order

Texas judge in Delos squabble approves finding that Brian Ladin diverted cash

Navig8 Group jumps on fuel-cell initiative with specialist partner

South Korean marketing goes into overdrive with $2bn order haul

Car Wash probe turns the spotlight on shipbrokers

Heidmar makes fresh start, in life after Economou

Scorpio Tankers passes on bond market after finding cheaper capital

Trials and tribulations: Studying shipping under lockdown

Braemar goes ‘back to the future’ as shipbroker Gundy takes helm

IMO under pressure to rubber stamp controversial greenhouse gas pact

Biden win can help erase bad LNG debts at Braemar Naves

Stolt-Nielsen open to expansion after forming 48-ship venture with JT Essberger

Dae Sun Shipbuilding lands $142m order for up to four MR tankers

Odfjell adds to new chemical tanker pool in deal with TRF

HHI homes in on $1.4bn orders for up to 16 VLCC newbuilds

Petredec inks deal at Jiangnan for up to six LPG-fuelled VLGCs

Carnival's Arnold Donald: 'Always more to do' on diversity

Six more Xihe Holdings tankers are put up for sale

Braemar drives digital shift with launch of dry freight derivatives screen

Boxships

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Maersk, saying 'no' to LNG as fuel, will move straight to clean alternatives

PIL elects not to pay out on $60m in notes amid restructuring effort

Thenamaris moves dry bulk and boxship fleet under new brand

PIL outlines $600m restructuring plans to noteholders

Yang Ming shake-up continues as Patrick Tu appointed COO

Box boom gathers steam as Hapag-Lloyd leads rate hikes on Asia-Europe trade

Maersk Launceston released from Greek arrest after warship smash

Yangzijiang 2020 order haul tops $1bn with 3,500-teu boxship series

Chunky boxship fixtures boost rates to highest level in 12 years

MSC spends $158m in raid on post-panamax boxships

OOCL ups mega-size containership tally by seven with new order worth $1.1bn

Cosco box arm enjoys bullish outlook as it signs for $5bn bareboat charters

Master charged after Maersk boxship cuts Greek minesweeper in two

Former CMA CGM boxship breaks back en route to recycling yard

Seaspan and Capital fix latest boxship buys on long-term charters

CMA CGM systems back in business after dealing with cyber-attack

ERS Feeder Pool adds Transworld containerships in expansion drive

NSB poaches PIL fleet manager Panneer Selvam for Asian push

Matson signals higher results amid transpacific demand

Stranded RAL boxship freed from ice off Greenland

Charter market

Period charterers return to take product tankers in droves

Market analysis

Bulkers and cruise lead the way, but scrapping proves limited in 2020

S&P market

Zodiac Maritime buys VLCC duo from Xihe Group unit

Suez Canal cuts VLCC fees in half to keep owners keen

UPDATE

Frontline clears away debt maturities until 2023 in $351m deals

Shell poised to boost LNG newbuilding tally as it sheds older ships

People

Veteran analyst Fyhr plots another act in shipping as bank embraces sector

Thomas Wilhelmsen makes $154m counter-offer to relatives as ownership feud continues

Golden Ocean hires ex-Western Bulk man as chief commercial officer

James Gundy takes over as Braemar CEO as long search ends

Bjornadal is back as shipbroker Affinity pushes into Oslo finance market

Singapore’s Transport Capital expands into US with finance veteran

Shipping Australia names Melwyn Noronha as next chief executive

Braemar ACM takes knife to Indian dry cargo desk

Cargo Day is here: Can shipping industry repeat record $1.3m for Mercy Ships in 2019?

Berge Bulk recruits industry veteran as new technical director

Ince adds to shipping team by bringing in CJC's Eric Eyo as partner

Former IMO head William O’Neil dies aged 93

Stephenson Harwood's Ghirardani returns to HFW after 31 years

Charles Taylor continues to grow with specialist acquisitions

Shipping firms employ too few female seafarers, says ICS

Teekay Tankers wields axe on ship management execs

No quotas but Lorentzen & Stemoco leads in shipbroker gender diversity

Numbers tell their own story about Norwegian shipbroking shops’ equality

Vega Bulk Carriers launches in Oslo with ex-Western Bulk man at the helm

Golden Ocean's Semino resigns as chief commercial officer

Sold out

Swire's $100m Cadeler IPO attracts 'significant' investor interest

Avance Gas says market 'inefficiencies' driving strong VLGC sentiment

South Korea fines GTT for non-compliant practices

Bimco brings in IMarEST's Mackenzie to run new London outpost

UPDATE

Hungary's HOLD becomes biggest ADS Crude investor

Okeanis secures period charters for three tankers amid uncertain outlook

Insight & Opinion

A 'rotation' is underway, and the turn favours shipping stocks at last

SSY: Australian refinery closures add 67bn tonne miles to regional tanker demand

The Secret Captain: I have woken up crying because it’s all hopeless

A merger gone sour: Marinakis blasts Diamond S bosses over lack of vision

SSY: LNG dual-fuelled tankers poised to overtake LNG-ready vessels

Product tankers enjoy strong recovery as charterers return for Asia naphtha demand

Biden presidency receives mixed reviews from shipping

Unctad warns second pandemic wave will deepen 4.1% maritime trade slump in 2020

Pangaea hails increased clarity following result of US presidential race

Comment

Vaccine breakthrough and Biden win inject shots of hope for world

Wavelength

Maritime debate goes nuclear, but what about the public reaction?

Risk 'critical' after Torm and Union Maritime tankers attacked by pirates

ICS runs the numbers on shipping diversity and they don’t look good

Braemar drives digital shift with launch of dry freight derivatives screen

Euronav brings forward dry dockings as it forecasts VLCC scrapping

Banks want shipowners to mind their secondhand buyers

Arrow: Slowing dry bulk supply growth set to support rate recovery

Comment

Talking ESG is easy. Delivery is what banks and clients will judge

UK lockdown pushes contango further in tanker owners' favour

Shipping's success rests on who Americans want in White House

US investment firm sells major stake in Danaos Corp

Newbuildings

Daehan Shipbuilding lines up potential $92m aframax order

Cruise and Ferry

CDC reiterates March warning against cruising amid Covid-19

'I don’t have to work nine to five in an office for the next 20 to 30 years'

Norton Rose Fulbright expands Hong Kong maritime presence

Cruise and Ferry

Cruise-hungry Indian recyclers to feast on Metropolis cruiseship

LNG

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Peter Livanos talks up fuel cells as retrofit option for LNG carriers

Historic LNG bunkering operation kicks off in Rotterdam

Teekay LNG Partners hit by dry dockings and lower charter rates

Dynagas LNG Partners reverses year-ago loss in third quarter

Teekay LNG 'boring', but on target for 2020 results

GasLog Partners set to bring in advisor to conduct review

GasLog starts to juggle with LNG ships redelivering from term contracts

JP Morgan orders slew of Shell-chartered LNG-fuelled barges

Swan Energy FSRU chartered for Myanmar shipment

LNG demand growth and newbuilding overhang are key concerns, says Fearnleys

SEA-LNG: LNG gives up to eight years competitive edge under Poseidon Principle loans

GTT diversifies research efforts into hydrogen and ammonia

New Fortress buys offshore vessel for new LNG import solution

Rates for modern LNG carriers break past $100,000-per-day mark

Seafarers seized as pirates board Golar LNG carrier and Parakou tanker

DSME signs $1.7bn order for sextet of LNG newbuildings for Russia's Arctic gas exports

Croatia's first FSRU Golar Viking arrives off the coast

GasLog links up with IFC on Sierra Leone LNG-to-power

Hygo gets new chief executive, while gas customer backs out

Singapore LNG bunkering capacity likely to hit 1m tonnes by 2021

Minerva to launch bunkering platform in transparency push

Fresh tender emerges for New Caledonia gas import solution

Samsung Heavy Industries prices Zvezda job on LNG carriers

Ship recycling

Berge Bulk poised to sell another large bulker for scrap

MOL tests first microplastics collection kit on new bulker

Active Shipping-connected tanker to be auctioned in Louisiana

Tw+

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Elisabeth Grieg: ‘I am too impatient. Someone has to go first, to show it is possible’

Meet 30 people who will shape shipping's future

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

Procopiou sisters: Siblings move centre stage

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

Idan Ofer looks on the bright side

The ship that went ashore to become a hotel

How environmental focus can give ‘green’ light for automation

EU, Turkey in war of words over Mediterranean boarding

OSG secures loan deal for tug, under construction barge

World Shipping Council signals changing of the guard as Ron Widdows bows out

Infographic

Tanker newbuilding deliveries fall to six-year low in bearish markets

Jean Abiteboul takes helm at LNG importers group GIIGNL

Reach plots 'virtually' emissions-free subsea solution next year

Business Focus

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Greek shipping looks to an era of opportunity

Greece tries to boost its flag but may fall short

Dorian LPG ‘a thousand times more educated’ on crew change after crisis

George Papadakis: a ship repair broker for all seasons

'Once in shipping, always in shipping' — Platsidakis knows next career path

Greek shipping looking to turn crisis into opportunity

Marine risk

Trio of losses rings up $100m in claims for hull underwriters

Marine risk

Pandemic exerts pressure on marine insurance sector

Marine risk

Shipping braced for increases in insurance rates

Marine risk

Marine insurers step up environmental social and governance strategies

Ship design

Marine technology groups divest even as digitalisation speeds up

Ship Design

Where is shipping’s Elon Musk and Tesla?

Ship design

Digital ecosystems aim to connect shipowners, start-ups and technology giants

Ship Design

Autonomous ship projects that are reshaping what's possible

Ship Design

Jotun's new anti-fouling robot to be deployed to 50 ships

Ship Design

Blockchain can track life cycle emissions of low-carbon fuels

Ship Design

Class societies move shipping industry towards ‘digital twin’ concept

Ship Design

Autonomous shipping: do we know what we're talking about?

Ship Design

Pandemic accelerates new technology, but Stopford warns 'these things take time'

Design and innovation

Fuel cells can power hotel load but not yet propel a big ship

Analysis

Cleaves downgrades LNG owners but sees super-cycle ahead

Titan LNG launches new tools to show delivered prices of LNG

S&P market

Economou exits boxships as other Greeks dive deeper

Berenberg shakes off pandemic with launch of second shipping fund

London P&I Club and American Club seek higher rates

Golden Ocean shelves plans for ultramax sales as bulker prices flounder

Interview

Trials and tribulations: Studying shipping under lockdown

Braemar goes ‘back to the future’ as shipbroker Gundy takes helm

Lois Zabrocky: the Iowa farm kid who made it to the C-suite

Maritime Asset Partners 'building out' its team and its portfolio

'Once in shipping, always in shipping' — Platsidakis knows next career path

Claus-Peter Offen sells 'ill-fitting' bulker division

UK charity thinks outside the box to bring seafarers home

How Philip Eastell's horticultural career was nipped in the bud

Everything is coming up roses for Stella Maris

Designer AK Suda looks to consortium to tap US wind farm riches

ADS Crude Carriers reveals Plan A: to keep trading veteran VLCCs

Former Maersk man rises to the climate challenge for StormGeo

'E-residents' and zero tax for crew as Estonia rejigs register

ABN Amro’s Gorgels only has eyes for European shipowners

Yara Marine seeks to diversify from scrubbers into greener ship technologies

Norden's 'come a long way' in transition to asset trader

Scorpio Bulkers likely to go big on wind order and ditch the dry ships it now owns

Ardmore Shipping erases one risk from the equation: Libor

d’Amico facing up to crewing challenges amid fears of second wave

Number of scrubber retrofits so far is 'peanuts', Wartsila says

Windward partners Danske Bank on shipping sanctions compliance

AP Moller Holding plots bulker terminal expansion across Africa

US watchdog investigates 'potentially unreasonable practices' of boxship alliances

First commercial LNG STS gets underway off Russia's Kildin Island

Gallagher calls for more calculated approach to P&I rates

Greek shipping minister contracts Covid-19 amid country's second wave

Offshore

Simon Mokster divests PSV headed to serve Turkish power sector

Almost impossible to win decent rates in 'dark' days for PSVs

DOF tasks subsea CFO Jan Nore with clinching $2bn refinancing deal

OHT eyes $2bn of wind charters and main Oslo listing

DOF wins round more banks but rebels blocking vessel accounts

Keppel secures mystery $440m offshore renewable vessel order

Banks take back Hermitage PSV fleet at 62% of outstanding debt

Swire Blue Ocean looks to ride WTIV wave to Oslo IPO

OHT firms up new wind farm installation ships for 2023

Seaowl aims to pioneer unmanned offshore support vessels

Scorpio Bulkers' wind 'pivot' begins with sale of first kamsarmax unit

GC Rieber saving $8m as it stretches debt deal for a year

PGS closes on $1.2bn debt deal after 'dramatic' market plunge

Siem Offshore says consolidate or wave goodbye to profits

Creditors cash out of Solstad after taking 97%-plus haircut

Sealed with a bump: Wilhelmsen and Ostensjo eye wind newbuildings

Swire Blue Ocean eyes double wind farm installation vessel order

Vroon PSV trio set for ‘green’ demolition in Netherlands

DOF asks for more time as $2bn debt deal drags on

Bourbon selling its Les Abeilles rescue and salvage fleet

Ince expands consulting arm with new business in Gibraltar

Clarksons: average voyage lengths up for fifth straight year

Transmed Shipping sells oldest bulker at second attempt

Bangladesh’s only green recycler chomps on Neu Seeschiffahrt VLOC

Boa uses spare construction ship cash for bond buy-back

Japanese government and MOL line up aid for Wakashio fallout

Jobs

Dry cargo freight trader

Dry cargo freight trader

Starbulk Carriers Corp.

Ship Manager - Hong Kong

Ship Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Head of Investor Relations - Hong Kong

Head of Investor Relations - Hong Kong

Pacific Basin Shipping (HK) Limited

Tanker & LNG Operations Manager

Tanker & LNG Operations Manager

LNG and Alternative Fuels, China

LNG and Alternative Fuels, China