TradeWinds | Latest shipping and maritime news

US sanctions Iranian gas magnate after LPG carrier tries, but fails, to load cargo in Texas Italian shipping mourns loss of much loved shipbroker Aldo Frulio TS Lines joins exodus of carriers from tariff-stricken transpacific London investment fund scoops $65m stake in shipbroking giant Clarksons South Korean shipbuilder Hanwha eyes first US-built LNG carriers after port fee ruling Meet the behind-the-scenes team shaping Trump’s maritime strategy Tankers caught in tug of war between US supermajor and Venezuelan state giant Bigging up bio and e-LNG: Shell Marine unpacks LNG’s pathway decarbonisation Stolt-Nielsen to build gas and chemicals terminal as part of $2bn Turkish project Zim pulls transpacific service as US shipments face ‘booking freeze’

US sanctions Iranian gas magnate after LPG carrier tries, but fails, to load cargo in Texas

Italian shipping mourns loss of much loved shipbroker Aldo Frulio

London investment fund scoops $65m stake in Clarksons

Owners to move ahead with pending orders at Chinese yards as US exempts more tonnage, HSBC says

Profile

Meet the behind-the-scenes team shaping Trump’s maritime strategy

South Korean shipbuilder Hanwha eyes first US-built LNG carriers after port fee ruling

New carrier joins tariff-stricken transpacific trade exodus

The rise and fall of tanker mogul accused of operating in Iran’s dark fleet

Comment

Details of US port fee decision creates winners and losers

Tankers caught in tug of war between US supermajor and Venezuelan state giant

Shipowners on the hook for $18bn US port fees bill under watered-down proposal, Clarksons calculates

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Insight & Opinion

‘US sets toll booths at its own harbours’: German shipowners’ Association chief attacks port fees

Why Donald Trump has a $260bn mountain to climb to break China’s tightening grip on global shipbuilding

‘Nowhere near as punitive’: Major shipowners digest new US port fees

US port fees take hard line on Chinese owners, operators and even lessors

‘A step in the wrong direction’: Liner group questions legality of US port fees

China vows to fight US ‘protectionist’ measures on shipping

Tanker, bulker and gas carrier owners can breathe easier over US port fees, Fearnleys says

US ports group opposes car carrier fees imposed by Trump’s trade representative

Analyst sees US port fees presenting ‘potential negative’ for US container and vehicle imports

Comment

Fatal flaws in IMO carbon deal risk creating a cost burden rather than a climate catalyst

Tanker stocks sag in New York after IEA chops demand estimates

Battered car carrier stocks are too cheap to ignore, says Arctic despite ‘wall of uncertainty’ facing sector

F Laeisz CEO explains dry bulk return after almost a decade away with ‘plain vanilla Norwegian’ swoop

HMM hunts container ship newbuilds with huge war chest after SK Shipping takeover

‘Through the storm’: LNG shipping companies get buy ratings from DNB Markets

Why isn’t cold ironing taking off in many of Asia’s biggest ports?

Bulk carrier orders fall by 26% in first quarter of 2025, says Veson

SSY has bad news for Donald Trump and shipowners hoping for lower newbuilding prices

US port fees take hard line on Chinese owners, operators and even lessors

Zim pulls transpacific service as US shipments face ‘booking freeze’

Stolt-Nielsen to build gas and chemicals terminal as part of $2bn project

Bigging up bio and e-LNG: Shell Marine unpacks LNG’s pathway decarbonisation

Sinokor email appears to reveal name of VLCC tie-up with Trafigura

VLCC rates hit four-week high as sanctions boost mainstream fixing

Maersk hit with fresh downgrade as trade war fears offer ‘bleak outlook’ for boxships

Greek utility plots tanker charters to bring in water to drought-hit Athens

Boxships

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Looming US tariffs see transpacific rates soar, says OOCL

Plunging container freight rates force Singapore shipowner into insolvency

‘Heading in wrong direction’: Container ship emissions hit all-time high

HMM hunts container ship newbuilds with huge war chest after SK Shipping takeover

Aponte’s MSC becomes first liner operator to achieve 900-vessel fleet

TS Lines profit jumps after move into lucrative longhaul trades

John Coustas firm Danaos Corp boosts share buyback plan by $100m

German and Chinese owners hoover up feeder container vessels amid massive buying interest

CMA CGM buys 35% stake in Egyptian inland port

Maersk downgraded as Arctic sees ‘too much uncertainty’ around tariffs and Red Sea

U-Ming Marine Transport chief explains entry into LNG shipowning

Peter Dohle heirs boost stake in fellow German owner Ernst Russ

Container giant Cosco logs $1.8bn profit on higher volumes and freight rates

China strikes back again with 84% US tariff as VLGC market faces turmoil

Adnoc L&S circulates steam turbine LNG carrier for sale

Back diversity campaign with cash, IMO tells nations

Excelerate Energy selling $700m of bonds after sealing $1bn New Fortress deal

Strategy boss Camilla Pierrepont adds to stake in bulker owner Taylor Maritime

Trump's tariffs on steel imports could drive down scrap prices, recycling sector sources say

Broad US stocks sell-off inflicts more punishment on shipping shares

LNG

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Bahrain set to receive first LNG cargo in over five years

Shell eyes lay-up of diesel-electric LNG carriers as market wallows

Stolt-Nielsen takes full control of Avenir LNG and pursues delisting

SK Shipping sells off last steam turbine LNG carrier for new business

U-Ming Marine Transport chief explains entry into LNG shipowning

Venture Global advances LNG newbuilding tender with South Korean yards

LNG carrier rates slide backwards as market seeks to make sense of ‘bewildering’ world

LNG bunker vessel orders outstrip those for conventional carriers in first quarter

MSC orders up to four LNG dual-fuelled ropaxes in China

Shipping stocks spring back: Bulker and container equities lead Trump relief rally in Europe

NYK takes over Eneos shipowning venture in $500m-plus deal

Avenir set to run bunker vessel continuously on bio-LNG in 2025

Analyst sees US port fees presenting ‘potential negative’ for US container and vehicle imports

Tanker, bulker and gas carrier owners can breathe easier on US port fees, Fearnley says

Greek owner Angelakos reveals eight-strong bulker orderbook in China as fleet renewal rolls on

‘Confidence level very high’ as WinGD hurtles towards first ammonia engine delivery

US ports group opposes car carrier fees imposed by Trump’s trade representative

Viewpoint

‘Shadow fleet’ poses growing threat to Europe’s green maritime agenda

People

Norden promotes former big oil executive Anne Jensen to group COO

Hill Dickinson beefs up Singapore ship finance team with new partner

Snap, Crackle and Pop: Meet the man rethinking hydrogen as a maritime fuel

Jens Ismar hands over Exmar shipping reins to new face

No backing down from shipping’s DEI efforts, despite broadsides from governments and companies

Cosco Shipping replaces finance chief with internal hire from Singapore unit

Fulford-Smith sets up new family venture Eden Ocean for post-shipbroking life

Holland & Knight poaches Seward & Kissel’s corporate finance team

Former CEO Sekkesaeter departs OSM Thome after more than a decade

Trump picks Heritage Foundation naval warfare expert to lead US Maritime Administrator

Tufton Group bosses seal management buyout as investor Kurt Zech sells up

Jesper Kristensen re-emerges as CEO of Synergy Marine

Ambrey launches new war risks insurance arm for a volatile world

‘A nice, polite letter from the Houthis’: Thanassis Martinos looks back at years of turmoil

Trump official walks back claim of free Panama Canal tolls

UK Chamber issues accolade for promoting maritime career in young people

Shipping stalwart at 70: How Morten Arntzen earned his tanker stripes

Norden executive bonuses take a big hit as some staff get nothing at all

Crews in crisis: Research reveals 100-hour weeks and no days off

Europe will support strong green ambitions at IMO with doubts over US position, says EMSA boss

China vows to fight US ‘protectionist’ measures on shipping

US Coast Guard ‘PIT Crew’ is hunting opportunities for shipping deregulation

US adds owner Chipolbrok to restricted carrier list as regulators cite Chinese influence

Seacon Shipping inks $38.3m bulker with Japanese-Chinese yard

Update

Trump trade official unleashes port fees that stretch beyond Chinese-linked ships

‘US sets toll booths at its own harbours’: German shipowners’ Association chief attacks port fees

Sustainability

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Back diversity campaign with cash, IMO tells nations

‘Confidence level very high’ as WinGD hurtles towards first ammonia engine delivery

Amogy and JGC to develop large-scale ammonia cracking technology by 2030

Clarksons and Vitol chart how shipowners can capture the rising demand for biofuels

Narrowing gender pay gap in shipping a ‘slow burn’, Spinnaker says

Trump’s IMO bombshell: US pulls out of carbon talks with retaliation threat

Back from the brink: IMO votes for carbon price rules to sidestep US and Saudi hostility

Fortescue and CMB.Tech ink ‘landmark’ ammonia deal after IMO agreement

Comment

Fatal flaws in IMO carbon deal risk creating a cost burden rather than a climate catalyst

Why isn’t cold ironing taking off in many of Asia’s biggest ports?

IMO chief insists carbon-cutting deal is good result for shipping’s decarbonisation drive

Shipping to miss net-zero targets despite groundbreaking deal, say critics

Brutal. A failure: Closed-door climate talks end without agreement

Singapore’s Maritime and Port Authority to conduct sea-based LNG reloading trials in second half of 2025

Angelicoussis leads major Greeks attack on ‘aggressive and unrealistic’ $100bn IMO carbon levy

WinGD poised to deliver first ammonia engines to yards by June

‘Scientist’ Torstein Hagen bets on hydrogen as cruise’s future fuel despite supply challenges

Billionaire Torstein Hagen orders world’s first hydrogen-powered cruise ship

Biggest ever suction sails fitted on juice tanker on charter to Louis Dreyfus

‘Not about the money’: Pacific Islands draw red line on carbon pricing at IMO crunch meeting

Liner giant Cosco slams ‘discriminatory’ US trade policy

Former Fesco co-owner Andrei Severilov launches new shipping line from Russia

Bulker brings in Syria’s first wheat cargo since fall of Assad

GTT sees next wave of LNG carrier ordering lining up

VLGC arrested in Bangladesh after blaze engulfed two ships transferring gas cargo

NYK unveils top team for new giant combined bulker operation

Insurance

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Global turmoil and tariffs reshaping global shipping, says Munich Re

Silver tsunami of ageing ships brings claims pain, marine insurers warn

Will Russia seek multimillion-dollar compensation payout over major Kerch Strait oil spill?

Tariff turmoil could raise marine insurance costs, warns Lloyd’s of London group

Insurers and shipping company reported for suspected oil price cap breaches

Iceberg dead ahead! Swedish Club adds new iceberg spotting tool

Marine insurers ‘lagging in shift to green shipping’

‘It’s all a scam’: Complaints roll in over fake ship registry

Nervous shipowners prepare for newbuild disruption as China-Taiwan tensions grow

Ambrey launches new war risks insurance arm for a volatile world

Japan P&I Club loses tonnage as rivals target country’s large fleet

American Club boosts premium income from ‘virtually unchanged’ renewal tonnage

London Club takes fight to larger rivals with increase in tonnage

NorthStandard targets $1bn premium goal after reversing renewal vessel losses

Marine Alliance adds London base with takeover of third insurance broker

UK P&I Club reveals tonnage tonic as shipowners lock down renewal contracts

UK P&I’s Greece boss Sean Geraghty takes on claims director role

Uni-Fuels US IPO raises further $1.26m, drumming up $9.7m in total

No change for now in Red Sea high-risk areas, say insurers

UK’s top court to rule on deadly container ship explosion

Wan Hai website shut down in cyber attack

Amogy and JGC to develop large-scale ammonia cracking technology by 2030

Tanker transfers set to boost Russia’s oil exports to China this month

New owners of container ship find employment with Chinese operator

Pirates board tanker and container ship in two attacks on key shipping route

Tar balls found on beach as MSC container ship remains stuck two months after grounding

Offshore

Christen Sveaas’ Sea1 banks $40m profit from sale of construction ship

Sentinel Marine orders up to four new offshore support ships

Billion-dollar Havfram takeover shows strength of offshore wind asset values, Stifel says

Dutch owner N-Sea orders methanol-fuelled cable-layer with new Rabobank cash

$1bn takeover: Norwegian offshore wind installation vessel owner snapped up by DEME

Court blocks ‘dodgy’ transfer of offshore operator’s shares as complex legal dispute rumbles on

Bibby teams with UK state lender to provide £20m for vessel purchases

Tycoon Spetalen launches offer to take over Oslo-listed shipping investment operation

DOF Group the dividend company? After a complete turnaround, owner plots multi-year strength

BW LPG falls well short of $20m target in share buyback drive

Clarksons and Vitol chart how shipowners can capture the rising demand for biofuels

Kim Heng christens survey vessel for South Korea’s offshore wind sector

Death toll from dredger capsizing rises to nine

Trump administration’s surprise car carrier charges raise spectre of legal fight

UPDATED

‘Nowhere near as punitive’: Major shipowners digest new US port fees

Jobs

Senior Instructor (2 vacancies) & Assistant Professor (2 vacancies)

The University of Trinidad and Tobago

‘Everybody loved Mike’: Shipping remembers tanker veteran Mike Fogarty

Greek bulker acquisition points to value drop for Chinese-built tonnage

Why Trump has a $260bn mountain to climb to break China’s grip on global shipbuilding

‘A step in the wrong direction’: Liner group questions legality of US port fees

Wavelength podcast: Have events of the past two weeks changed shipping forever?

VIDEO

How Maersk container ship crushed a sailing vessel in Australia

Tw+

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Meet Trump’s ‘dutiful soldier’ weighing the port fees on Chinese-linked ships

Profile

How cruise ‘contrarian’ Torstein Hagen became Norway’s richest citizen

Meet the high-flying maritime tech CEO whose playground is the skies

Profile

A family of Caribbean container experts: Gisholt Shipping celebrates 50 years of niche shipbroking

Shipping stalwart at 70: How Morten Arntzen earned his tanker stripes

‘We didn’t want to sell,’ says Navig8’s Busch as Adnoc L&S eyes global impact of deal

How trade warrior Donald Trump could take on China’s shipbuilding dominance

A shipping czar, China and maritime powerplays: Mapping Donald Trump’s first 100 days

Person of the year

How Idan Ofer built the world’s largest private shipping fleet

Maria Angelicoussis fills her father’s shoes in landmark year for Greek shipowner

How sanctioned Iranian oil navigates through a dark and twisted supply chain to China

‘Pencils down’: Regulatory uncertainty keeps many US clean fuels projects on the shelf

The restaurant that fed Lloyd’s of London: Underwriters’ bolthole under threat

‘Pure luck’ saved lives: Dramatic accounts emerge of close shaves as Red Sea crisis spiralled

In-depth

Bottom is here and winter is coming for VLGCs: How hot will rates get?

Beer money, banking and secrets to Sammy Ofer’s success. Charting the career of OSG boss Sam Norton

How former shipbroker and Wall Street banker ‘woke up’ at Ardmore

Ardmore Shipping taps ‘strong bench’ as it prepares for life after Tony Gurnee

Meet MOL’s climate tech leader in California’s Silicon Valley

Women shipbrokers call for end to ‘boys’ club’ culture

Economou clears out eight tankers now seen hauling Russian cargoes under new ownership

Crude tanker owners to profit as landlocked Czech Republic breaks free from Russian oil

Iranian agency arrests scrap-bound cargo ship ahead of beaching at Alang

Costamare to spin off its bulker business in New York on 6 May

Howe Robinson S&P boss Carsten Roennau hunting new broking talent

US airstrike pounds Houthi fuel port in Yemen with ships at facility

Business Focus

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How behemoth AP Moller-Maersk is set to grow its Singapore fleet

Eastern Pacific tops Singapore shipowner league

Singapore’s BTS Tankers celebrates golden anniversary as it navigates complex carbon rules

Bengal Tiger Line passes baton as new boss takes helm

Will Donald Trump’s ‘drill, baby, drill’ policy make him a knight in shining armour for tanker owners?

Ammonia will follow in footsteps of established gas shipping markets, Adnoc L&S executive says

‘Wild card’ market: Why owners have ‘hedged their bets’ with very large ammonia carriers

China’s economic slowdown raises questions for tankers

Why tankers carrying dirty cargoes are lagging on uptake of alternative fuels

Survival of the fittest: How ship recyclers and cash buyers are surviving the big squeeze

Owners circulating shadow fleet VLCCs for demolition as sanctions put Chinese imports under pressure

Can shipping’s green recycling ambitions survive the downturn?

When will Gianluigi Aponte pull the trigger on a demolition derby?

Cruise industry’s newbuilding revival focuses on big ships like never before

How China has taken a generational grip on the global shipbuilding industry

Japanese shipbuilders eye new breed of vessels as they play catch-up on global stage

Big hitters forecast further consolidation in fragmented ship management market

Giants make Greece a springboard for third-party ship management

The big picture: Ship managers look outside maritime to diversify operations

Dark fleet rises: How shadow ships serving Russia, Iran and Venezuela are adding cost and stress to ship managers

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