TradeWinds | Latest shipping and maritime news

Dutch prosecutors open case against Damen over suspected sanctions violations Wavelength Podcast: Swallowing Golden Ocean Trump orders US officials to fast-track deepsea mining, stoking environmental debate CMA CGM defies quiet period charter market to lock in container ship for two years Tsantanis says bulker market ‘unstoppable’ as Seanergy sails on despite US-China turmoil Trump tariff friction could dent bulker demand, warns Taylor Maritime Clients seek clarity on interaction between IMO and EU fuel rules, Reed Smith’s Austin says Norden hikes profit forecast as vessel sales pay off Taylor Maritime cashes in 11 bulkers amid US port fee uncertainty CMA CGM to buy the largest container terminal in South America

Trump orders US officials to fast-track deepsea mining, stoking environmental debate

Dutch prosecutors open case against Damen over suspected sanctions violations

Wavelength Podcast: Swallowing Golden Ocean

Taylor Maritime cashes in 11 bulkers amid US port fee uncertainty

CMA CGM defies quiet period charter market to lock in container ship for two years

Tsantanis says bulker market ‘unstoppable’ as Seanergy sails on despite US-China turmoil

EU targets shadow fleet with insurance demand

S&P dealmaking requires just these two elements, Tsantanis says

Dubai mourns ‘pivotal’ player in emirate’s rise as a maritime hub

Hoegh Autoliners calculates $60m ‘worst case scenario’ costs on US port fees

Trump tariff friction could dent bulker demand, warns Taylor Maritime

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People

Profile

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

Billionaire’s superyacht crew collects millions after winning battle over tanker sinking

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

SSY hires co-founder of Clarksons’ Sea platform to lead data and analytics push

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

Clients seek clarity on interaction between IMO and EU fuel rules, Reed Smith’s Austin says

Union Maritime turns 50-ship orderbook into clean fuels lab few dare to build

Norden hikes profit forecast as vessel sales pay off

CMA CGM to buy the largest container terminal in South America

Hoegh Autoliners goes long on cargo and snaps up needed tonnage in charter market

Regional Container Lines splashes out $370m on newbuilding quartet

Sanctioned Russian insurer among quartet applying to India to join P&I approved list

Africa’s biggest refinery said to have halted loadings of oil products and LPG

Insight & Opinion

Union Maritime turns 50-ship orderbook into clean fuels lab few dare to build

Saverys shows his hand after merger forges one of world’s biggest shipowners

‘Shock’ or relief: Here’s how Trump trade chief’s port fees could impact shipping sectors

Chinese lessors could sell off MR tankers after US port fees clarification, Braemar says

How US-China trade war could reshape major tanker shipments

Key questions still require answers as shipping grapples with small print of port fee measures

‘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

Female seafarer dies after being crushed by a truck on a passenger ferry in Greece

Clarksons Securities questions CMB.Tech post-merger value

Vale sees first-quarter profit fall on lower ore prices

How Singapore-based start-up aims to become the world’s largest supplier of bio-LNG

China’s biggest cable-layer to be built at Nantong Xiangyu

Ships seized by Iran in smuggling crackdown disowned by flag state

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

Vessel sale boosts Hoegh Autoliners bottom line as it hunts ship to charter in

Avance Gas expects to delist by July as shareholders bank $436m from fleet sale

Hoegh Evi and Wartsila unveil world's first floating ammonia-to-hydrogen cracker

BlackRock trims Genco Shipping stake below 10% mark

Swire Shipping makes South Pacific biofuel switch

‘We don’t believe in pure-play anymore’: Alexander Saverys bangs diversification drum after megamerger

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

Malaysian bunker supplier TMD Energy lists on NYSE American

Tidewater executive pay rises as Quintin Kneen nears $5.9m compensation

Advantage Tankers inks rare VLCC order at South Korean shipyard

Fuel supplier World Kinect sees bunker earnings slump on lower prices and ‘market uncertainty’

TechnipFMC lifts subsea contract backlog to $14.9bn as order flow grows

Billionaire's superyacht crew collect millions after winning battle over tanker sinking

Sustainability

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Trump orders US officials to fast-track deepsea mining, stoking environmental debate

Clients seek clarity on interaction between IMO and EU fuel rules, Reed Smith’s Austin says

Hoegh Evi and Wartsila unveil world's first floating ammonia-to-hydrogen cracker

Swire Shipping makes South Pacific biofuel switch

‘We don’t believe in pure-play anymore’: Alexander Saverys bangs diversification drum after megamerger

Fortescue boss Andrew Forrest calls on Saudi Arabia to take leadership role in decarbonisation battle

‘Fatal flaw’: FuelEU Maritime and EU carbon trading cancel each other out, broker says

Norden capesize carries out ‘world’s first’ voyage using ‘carbon-negative’ biofuel

Union Maritime turns 50-ship orderbook into clean fuels lab few dare to build

How Singapore-based start-up aims to become the world’s largest supplier of bio-LNG

‘Baffling’ gender pay gap in maritime is ‘disgracefully high’ in the UK, diversity experts say

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

Norden capesize carries out ‘world’s first’ voyage using ‘carbon-negative’ biofuel

Wan Hai adds to newbuilding tally with order for 16,000-teu dual-fuel quartet

VLCC owners enjoying Opec production hikes in ‘pivotal week’ for big tankers

Suezmax spot rates rise to 15-month high but ‘headwinds emerge’ in Atlantic market

Fortescue boss Andrew Forrest calls on Saudi Arabia to take leadership role in decarbonisation battle

SSY hires co-founder of Clarksons’ Sea platform to lead data and analytics push

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

Zim ordered to pay $3.68m to Samsung in demurrage dispute

‘I’d love to be able to pitch tankers.’ Is the investment window open for VLCC giants?

Capesizes rates bounce back on ore and coal fixes in the Pacific

ABS chairman and CEO Wiernicki to retire at end of year

‘Fatal flaw’: FuelEU Maritime and EU carbon trading cancel each other out, broker says

US tariffs to slam brakes on car carrier demand, analyst warns

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

Nikolas Pateras boxship sale revealed amid glowing Contships credit report

Chevron chartered Venezuelan tanker fleet hunts for spot business after permission to load revoked

Saverys shows his hand after merger forges one of world’s biggest shipowners

Underwriter battles drive down insurance costs for tanker owners

Cruise and Ferry

Viking Line loss widens as demand falls amid ‘significant uncertainty’

CMB.Tech strikes deal to swallow up Golden Ocean to form 250-ship giant

Jobs

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

The University of Trinidad and Tobago

North Sea disaster a wake-up call for role of fatigue in ship safety

SIPG unit orders LNG bunker vessel from Jiangnan Shipyard

‘Cooperation crucial’: Giant owner MOL setting up base in Washington DC

Trade war slump: US container volumes predicted to see ‘almost certain’ double-digit fall

Behind closed doors: How seafarers put the squeeze on shipowners in landmark pay deal

US East Coast gas exporter plays down tariffs on LPG and ethane. ‘All of it is going to Europe’

Tw+

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Profile

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

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

‘Shock’ or relief: Here’s how Trump trade chief’s port fees could impact shipping sectors

Supramax rates under pressure from falling Indian iron ore exports

Colleagues celebrate life of 45-year maritime lawyer Keith Heard

Greek-controlled tanker adrift in piracy hotspot after engine room fire

Shipping stocks join market rally as Trump considers China tariff easing

How US-China trade war could reshape major tanker shipments

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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