TradeWinds | Latest shipping and maritime news

Imperial Petroleum follows equity sale by buying suezmax duo Iran seizes two Greek-flagged suezmaxes in Middle-East Gulf Shipowners approve North P&I and Standard Club merger Tomini Shipping roars back to profit amid bulker rebound Boers combines Russian crew transfer with Ukrainian refugee evacuation Russian coal exports to Europe hit five-year high ahead of August ban No regret: Now is the time to get ready for a rapid fuel transition Equinor is first oil major to complete Russia exit at a cost of $1.1bn Ostensjo Rederi ties up cable-layer Edda Freya for another two years Colombian tax man chases Hoegh LNG Partners

UPDATE

Iran seizes two Greek-flagged suezmaxes in Middle-East Gulf

Imperial Petroleum follows equity sale by buying suezmax duo

Shipowners approve North P&I and Standard Club merger

Weekly

Tanker transfers reveal Russia business; steel price strips yard profits

Russian coal exports to Europe hit five-year high ahead of August ban

Boers combines Russian crew transfer with Ukrainian refugee evacuation

Tomini Shipping roars back to profit amid bulker rebound

Wavelength

P&I club merger should ring the changes for the International Group

Elite Tankship moves into the big league with long-term VLCC charter

Ukraine crisis

Equinor is first oil major to complete Russia exit at a cost of $1.1bn

Viewpoint

No regret: Now is the time to get ready for a rapid fuel transition

Now online Click and read latest edition of TradeWinds

Insight & Opinion

‘Pivotal time’ for shipping to target diversity, inclusion and attract new talent

Capesize bulker backhaul gains steam as Europe goes the distance for coal

Frontline ‘excited’ by Euronav merger against strong recovery backdrop

Analysis

Bulker orderbook to ‘remain anaemic’ as sector faces myriad challenges

Crude tanker owners keep singing same song as rates tick upwards

Car carriers in the fast lane as charter rates hit all-time highs

VLCC newbuilding orders will require a ‘leap of faith’, says Poten

Tanker boost: Biden aims to get more Venezuelan oil into Europe in sanctions easing

Pressure builds on the floodgates of container ship demolition

Unsustainably low: why an analyst finds Eneti ‘too cheap to ignore’

Gibson Shipbrokers questions Baltic Exchange benchmark as VLCCs continue to lag

Scale of India’s Russian crude imports laid bare as 16 more tankers fixed

Spot rates

Capesize bulker market forges ahead, buoyed by robust demand

Only two of 22 listed bulker owners earned above-market rates in 2021, but there’s a good reason

Torm reports rapid rise in TCE product tanker rates this year

European refineries add fuel to fire in aframax and suezmax tanker markets

Baltic Exchange calls on industry to share ‘real-world’ carbon data

Pareto: Euronav/CMB.Tech merger would be ‘strange’ ahead of tanker supercycle

Is carbon capture and storage shipping’s next big thing?

Europe’s quest for energy security spurs rethink on North Sea oil

Offshore

Clarksons Platou finds research answer on the Holm front

American Shipping’s $157m offshore splurge could be first of many

Maersk Decom to be wound up after handing over last contract to Petrofac

Navigare Capital diversifies into offshore after selling its largest container ship

Fred Olsen Windcarrier admits defeat on Oslo IPO

Keppel and Sembcorp Marine set to give birth to green ‘powerhouse’

BW Offshore denies report of fatal accident on scrapped FPSO

Clarksons Platou launches new advisory service to help owners into offshore wind

POSH sending four ships to India for $100m-plus contract

Sembcorp Marine’s ‘green’ revolution starts to pay dividends

Start-up Norwind Offshore inks another two CSOVs at Vard

Solstad sells six more as it completes 36-ship clear-out of unwanted fleet

Esvagt to order first methanol-fuelled SOV for wind farms

Golden Energy Offshore succeeds with share issue to fund decarbonisation

Eneti’s Seajacks wins new wind vessel charter at $43,000 per day

Edison Chouest shipowning arm reportedly eyes court restructuring

James Fisher tackles energy crunch with MSV charter from Go Marine

Great Eastern scraps PSV hit by fatal fire off Mumbai

Shareholder HAL launches $2.5bn takeover of marine giant Boskalis

MOL makes major new play with entry into offshore wind farm sector

Ukraine crisis

Awilco LNG keeps ships spot for now as war disruption boosts rates

Ukraine crisis

US top destination for Russian crude and products transferred in Greece last month

Leon Patitsas makes waves with $17.5m Miami house purchase

New Fortress stock sale boosts Golar LNG profit

ACL and Cunard mark 40th anniversary of Atlantic Conveyor Falklands sinking

SwiftBulk pockets winnings on supramax in first ship sale

LNG

See all articles

TMS Cardiff Gas named as paying ‘quite remarkable’ price for LNG newbuilding duo

Samsung Heavy to press ahead with three LNG hulls for Russian yard

Petronas’ chosen shipowners ink LNG newbuilding deals with yards

Sovcomflot LNG carrier order cancelled in South Korea after payment missed

Titan inks deal to supply LNG and bio-LNG to Brittany Ferries

Golar LNG wins Snam tender to supply first FSRU for Sardinia

Eastern Pacific boosts its LNG carrier fleet as bank sells former Sovcomflot quartet

Flex LNG ‘upbeat’ on fixing redelivering tonnage in strong market

Flex LNG takes a pop at International Seaways’ efforts to block Fredriksen’s moves

Indian charterer targets Hoegh LNG regasification ship for arrest

Singapore LNG deploys MOL’s Q-Max sized FSRU as unit awaits Hong Kong job

European LNG buyers’ hesitancy may delay new supply and import facilities

Hoegh LNG confirms two FSRU deals with Germany

Knutsen OAS Shipping confirms fresh LNG carrier newbuilding order

Price squabbles over LNG carriers holds up QatarEnergy’s first South Korean orders

Petronas slims yard selection and lines up owners for LNG ship haul

Outlook

GasLog Partners targets open ships at strengthening LNG market

China’s CNOOC doubles up on LNG newbuildings with NYK Line sextet

Fresh $20m equity injection shows shareholder support for Hoegh LNG

GTT sees potential to lift global yard LNG berth slots to 70 vessels each year

Update

Safe Bulkers pounces on fourth capesize bulker in secondhand market since August

Kuok teams up with Singapore university in carbon capture study

Update

Demand destruction? Clarksons downs 2022 seaborne trade growth forecast

Cruise and Ferry

Funnel on Carnival Freedom catches fire while in Grand Turk

Avance Gas’ Kalleklev: ‘rogue’ ships not just a problem in tanker sector

International Seaways trumpets huge savings with $750m refinancing deal

People

What changes do women want to make the industry a fairer place to work?

Markus Lindbom is new head of shipping at Stena group as Carl-Johan Hagman quits

David Turnbull calls time on lengthy career at Pacific Basin

Disgruntled Navios shareholder Sherwood renews attacks on stalled dividend

Dry cargo man takes top job at shipbroker SSY

‘Cried wolf too often’: Son of London shipowner jailed in crude deal case

Paolo d’Amico would rather buy than be bought as he talks tanker strategy

Lloyd’s Register Foundation appoints a new chief executive

Hoegh LNG brings in BCG’s Erik Nyheim as new CEO

Gary Vogel doubles compensation in record year for Eagle Bulk

Tanker wars continue as John Fredriksen builds Euronav stake

As Idan Ofer builds stake in tanker owner Ardmore, intentions remain unclear

Backup plan? John Fredriksen moves on New York’s International Seaways

Harald Fotland steps up to replace Kristian Morch as Odfjell boss

Stephenson Harwood mix it up with a night of ‘ice cold’ quizzing

Klaveness adds former Clarksons Platou and DNB execs to drive mergers and acquisitions

Passion for ships and risque humour: tributes to shipping doyen Jim Davis

Cruise shake-up: Josh Weinstein new Carnival CEO as Arnold Donald steps down

Arnold Donald: Important to get ‘next generation in’ to lead Carnival

Cargill’s Jan Dieleman to take over as chairman of Global Maritime Forum

M&A

West of England focuses on underwriting amid growing consolidation chatter

AP Moller Foundation doubles profit to $7bn as boxship markets prosper

RCL doubles up on neo-panamax container ships in China

US West Coast ports seek to dispel Maersk’s container dwell fee worries

Capesize freight rates fall for third day as market takes a breather

Former Kotronakis venture Sonan Bunkers wins financing

Tw+

See all articles

Putin can’t count on Xi to ride to the rescue

Ports remain in the hackers’ crosshairs

How shipping is paying the price for Putin’s war

TW+ special edition: Shipping in the crosshairs of Ukraine war

Europe wakes up to siren call of LNG, but has it missed the boat?

Waves of war could swamp container shipping

London and New York move to meet legal challenges of Russia sanctions

Europe’s dirty habit feeds the flames of Putin’s war

‘Hurricane of hunger’ threatens millions unless Ukraine can get its grain to market

As Russian tankers head into the dark, will Venezuela and Iran come in from the cold?

Ukraine conflict puts marine insurers in the firing line

‘Did I do the right thing?’ Ukrainian officer reveals agony of choosing between family, work and country

This time it’s personal. Shipping heeds the call of the office

That’s oil, folks! The sun is slowly setting on tankers

Cruise is setting sail on an ocean of debt, so why is it so optimistic?

Shipping finds itself fast-forwarded into a digital future

Wine to water: 20 questions with Esben Poulsson of the ICS

The No Normal: Dry bulk had better get used to coping with volatility

When Covid met Brexit: How European shortsea operators rode out the storm

Labour convention shows its true stripes — it’s a toothless tiger

Delphis hives off trio of ice-class container ships to CMA CGM

Soaring steel costs weigh heavily on South Korean yard finances

Brazil’s bribery prosecution in tanker case stymied by Greece’s silent treatment

Costamare clinches $500m syndicated loan to refinance container ships

‘International robbery’: Greece agrees to send Iranian oil from seized aframax to the US

Dorian LPG profit dented by drop in rates as fuel costs bite

ESG

See all articles

Eastern Pacific to trial ‘plug and play’ carbon capture solution on MR tankers

Kuok teams up with Singapore university in carbon capture study

Green corridor initiative takes off in Intra Asia box ship trades

Cruise lines and ports eye US west coast Green Corridor

Newsletter

Green Seas: Why shipowners are worried about looming carbon intensity scores

Maersk concedes doubling of green fuel cost will hit freight rates

Big data vs carbon: Trafigura and giant Palantir team up on supply chain emissions reporting

‘Pivotal time’ for shipping to target diversity, inclusion and attract new talent

IMO aims to include carbon pricing in a ‘basket’ of decarbonisation measures

Clarksons analysis: Carbon levy’s impact on economies would be within cargo price swings

PowerX raises initial $32m to fund renewable energy ships

Rio Tinto and BP team up for year-long capesize biofuel trial

Money, money, money: Abba team up with Wallenius on tour logistics

MOL-Enviva bulk carrier newbuild ‘first’ to feature two wind propulsion technologies

Eagle Bulk chief engineer pleads guilty to two counts in bilge water probe

Tanker master’s exit sparks spat as Peru pursues lawsuit over oil spill

Streetwise: Why shipowner savings on ESG-linked loans have been ‘token’ to date

IMO set to designate the Mediterranean Sea an emission control area

Carbon pricing proposals redrawn to account for developing economies

No one objects to sanctions on Russian coal — but what about grain?

Fredriksen’s shareholding dominance limits buyback options for Avance Gas

Ukraine crisis update

Sovcomflot subsidiary Novoship gets in on the ship sale act

MISC: Russian sanctions create positive investment environment for new LNG projects

Russia ready to allow bulkers back into Ukrainian ports

Green corridor initiative takes off in Intra Asia box ship trades

‘Crime does not pay’: Glencore agrees $1.1bn in penalties in US, Brazil

Boxships

See all articles

Container ship boom doubles MSC owner Gianluigi Aponte’s fortune to $19bn

Euroseas fixes first newbuildings into 2026 at nearly $50,000 per day

CMA CGM pencils in fresh raft of 8,000-teu container ships at HHI

Doubling of contract rates and ongoing congestion fuel confidence at Zim

Seaspan adds to newbuilding pile with more LNG container ships

Tufton Oceanic down to last container ship as it buys bulk carrier

Global Ship Lease signs long-term container ship fixture at ‘attractive rate’

Danaos celebrates ‘exceptional’ quarter amid changing sentiment

Euroseas splashes out $86m on options for container ship duo at Hyundai Mipo

French newspaper accepts CMA CGM buyout offer

Global Ship Lease profit soars due to higher rates and lower debt costs

NYK Line expects liner markets to ‘settle down’

Swiss authorities pulled into US spat between MSC and shipper

Asia to US West Coast container freight rates suffer biggest drop in six months

Shipping brings home more bacon than Seaboard’s pork and commodities units

MSC lined up to charter Seaspan Corp’s latest $1bn container ship order

Container freight rates tipped to rebound as market bottoms out

MSC targets bigger neo-panamax newbuildings, say reports

Container ship owners forced to settle for less as lines cancel sailings

Liner shipping 'parties on' with profit to tune of $300bn in 2022

Alibaba-linked Transfar lifts shipowning stake with container ship trio

Chellaram Shipping orders ultramax bulk carrier newbuildings

Fred Olsen in court to block buyer from beaching cruiseship

Frontline’s Barstad says ‘inverted’ tanker rate climate will not last

Newsletter

Green Seas: Why shipowners are worried about looming carbon intensity scores

Chinese and South Korean yards tighten grip on global orderbook

Insurance

See all articles

Sanctions bind: Havila Capella stuck in port after Norway rejects insurance waiver

Gard’s revenue tops $1bn as the mega mutual pulls further away from the P&I pack

Broker Gallagher predicts more P&I mergers within a year

‘Competition is good’: Gard boss responds to the challenge of consolidation

Insurer Skuld hit by $15m loss as investments turn negative

North P&I and Standard Club highlight financial benefits of merger as they woo members

Navium Marine and AXA XL join Poseidon Principles for Marine Insurance

X-Press Pearl among casualties to hit Swedish Club free reserves

Japan P&I Club and Tokio Marine join forces in Singapore as clients move

Shipowners’ Club reports underwriting profit despite rising claims

Greece arrests laden Russian tanker over EU sanctions

Stephen Martin to retire as Steamship Mutual chief executive

MS Amlin and Hydor bid to unite fixed premium insurers

Norwegian Hull Club to strengthen its London outpost

Hyundai Glovis steps up car carrier fire prevention measures

Insurer Beazley shakes up its underwriting team

S&P upgrades Gard’s outlook after strong results

Marine rates continue to rise as Lloyd’s of London reports $3bn profit

Insurance brokers Marsh and Aon close Russian operations

UK P&I Club to refresh underwriting team with new hire

Spot rates for large bulkers mount two-day slump as market cyclicality takes hold

Safe Bulkers boosts profit as it lengthens charter periods

Update

Saverys family not giving up in Euronav battle as $26m of shares snapped up

‘We f***ed up!’: who was to blame in £14m Awilco LNG collision case?

Cruise and Ferry

Cruise lines and ports eye US west coast green corridor

Cruise and Ferry

Saudi sovereign wealth fund reportedly eyeing Carnival’s Seabourn

Interview

New Odfjell boss Fotland is his own man but there will be no ‘revolution’

Saverys seeking to ditch Euronav board as battle lines drawn

WTW’s Abraham upbeat as broker emerges from collapse of Aon takeover

Sterling Shipping founder Fjeld: ‘People thought I was an idiot’ for buying bulkers

Roger Harrison asks ‘what’s next for shipbroking?’ as he takes helm at Gibson

Frontline’s Barstad blames ‘old-fashioned’ methods for talking down tankers

Chemical tanker returns remain a frustration for Niels Stolt-Nielsen

Maersk's Christiansen: 'It's an emergency, but hitting net zero by 2040 is doable'

Disgruntled investor Ned Sherwood steps up his call for Navios Partners changes

Variant need not spell 'doom and gloom' for clean tankers, freight analyst says

Kristoffersen says it's 'painful' leaving Klaveness after 15 years

'I really, really wanted to leave at the top,' says Ullman, 'but this is the lowest possible'

ABS boss says class can keep pace in race to cut carbon

Mia Elg charts dynamic course to energy efficiency at Deltamarin

Carisbrooke's Tveitan de Jong says 'unprecedented rates' welcome after tough decade

Emanuele Grimaldi pushes green agenda in shipping, but criticises emissions trading scheme

Thanks a billion! Macquarie toasts ship finance milestone

Macquarie strong on decarbonisation path

Young lawyers should broaden horizons in cyclical sectors, says Winston & Strawn's Alison Weal

Times are changing for female lawyers, says Winston & Strawn's Alison Weal

Upstream

Venture Global green-lights Plaquemines LNG project as ‘speed matters more than ever’

Frontline: tanker owners can bank premium even if they stay away from Russian barrels

Fred Olsen Windcarrier admits defeat on Oslo IPO

Belships moving another older ultramax, this time to mystery Norwegian

Hoegh LNG beefs up bid to buy FSRU subsidiary

IMO warns Black Sea mines are an ‘immediate threat to safety’

Jobs

Fleet Manager

Oceonix Services Ltd.

Experienced Fleet Operation Professional - Singapore

Experienced Fleet Operation Professional - Singapore

Experienced Fleet Operation Professional – Europe

Experienced Fleet Operation Professional – Europe

Chartering Manager

Chartering Manager

Chartering Manager - Hong Kong

Chartering Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Salesperson / Account Manager

Salesperson / Account Manager

NHST Media Group

Underwriting and Marketing Manager

Underwriting and Marketing Manager

Nordisk Skibsrederforening (Nordisk Defence Club)

Tanker Chartering Broker

Tanker Chartering Broker

Eastern Mediterranean Maritime Limited

Dry Cargo Broker

Dry Cargo Broker

Intermar Chartering (UK) Ltd.

Tanker Market / Investment Analyst

Tanker Market / Investment Analyst

N.S. Lemos & Co. Ltd.

TradeWinds is part of NHST Media group. To read more about NHST Media Group, click here