TradeWinds | Latest shipping and maritime news

Kuwait bans ships carrying Israeli cargo from its ports Ernst Russ eyes profit boost from upping stake in 12-ship feeder fleet Safeen Feeders drives expansion with directly owned container ships Variant need not spell 'doom and gloom' for clean tankers, freight analyst says Windward IPO is 'super-good news' for shipping's tech scene Torm sells nine tankers to CDB Leasing for $172m Sembcorp Marine joins growing shipping exposure in UOB's Alpha Picks portfolio OM Maritime homes in on 'green' newbuilding project worth $480m Bugbee answers shares-dilution attack with his wallet Costamare linked to bulker pair as Archangel Pacific cashes out

Sembcorp Marine joins growing shipping exposure in UOB’s Alpha Picks portfolio

Safeen Feeders drives expansion with directly owned container ships

Windward IPO is 'super-good news' for shipping's tech scene

Variant need not spell 'doom and gloom' for clean tankers

Kuwait bans ships carrying Israeli cargo from its ports

Ernst Russ eyes profit boost from upping stake in 12-ship feeder fleet

SSY on a Mission as 2021 charity day raises over £32,500

Costamare linked to bulker pair as Archangel Pacific cashes out

Broker Clarksons heads for $86m profit as trading beats expectations

Torm sells nine tankers to China's CDB Leasing for $172m

OM Maritime homes in on 'green' newbuilding project worth $480m

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People

Kim Ullman signs off with message of hope for tanker owners

Greece’s Philip Embiricos dies in Paris, at 78

Ardmore's Mark Cameron 'uncomfortable' about ammonia safety

Eagle Bulk veteran promoted to new chief strategy officer post

Concordia rescue act was 'worst part' of Kim Ullman's long career

Pittas unfazed by ‘a little resistance’ from containership charterers

Concordia's Kim Ullman calls it a career after 45 years in shipping

Radziwill: Don't sweat the 'massive overreaction' in bulker markets

Former UK minister Julian Smith paid $82,000 for 30 hours work at MJM Marine

Iran appoints new managing director at NITC

Eagle Bulk boss Gary Vogel wins pay rise as record profits roll in

Norwegian civil servant to head oil pollution fund

Navios Partners reveals new C-suite players after $827m merger

Former Arctic shipping analyst Ringheim emerges as banker at DNB Markets

Trafigura's Bach Nielsen calls on regulators to accelerate carbon levy moves

Euronav CEO: 'no talks' underway with Frontline about a possible merger

Captain and first officer die after shooting on tanker in Argentina

IMC Shipping pulls in Mingfa Liu to head ship management services arm

Maersk captain faces fire over allegations of sexual misconduct at sea

Tankers International resumes party action as UK gets back to office life

LNG

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Deadline for declaring on 17 Mozambique LNG berths shunted back further

BW LNG snatches up to four LNG carrier newbuilding berths at DSME

ExxonMobil pays out top dollar for spot LNG carrier steamship

BW LNG locks away its second speculative newbuilding on long-term deal

Hoegh LNG Partners nudges forward on refinancing of disputed FSRU

Pavilion Energy, QatarEnergy and Chevron team on LNG cargo emissions reporting

Flex LNG lifts fourth-quarter forecast as spot market hits 'all time highs'

Shipping leaders debate LNG's role as transition fuel at COP26 as nations pledge methane cuts

Capital Gas bumps up LNG fleet to 12 vessels with fresh order trio

Teekay LNG eyes fleet growth and renewal on funds from Stonepeak deal

El Salvador to join ranks of LNG importers with arrival of BW vessel

Analyst sees GasLog Partners, a rare US-listed LNG carrier owner, as a takeover target

Novatek's LNG growth goals spell demand for up to 30 more ice-class ships

Nakilat nudges up its third-quarter profit as it cuts costs

Celsius Tankers charters out next LNG newbuilding quartet to Gunvor

Celsius Shipping targets 20-ship LNG carrier fleet by 2025

Charter rates climb for LNG carriers in wake of wild week on gas prices

Golar LNG refinances convertible bond with new $300m issue

Celsius Shipping eyes LNG carrier newbuilding as fixture rates emerge

WinGD plots tri-fuel engines as it battles methane slip misconceptions

Interview

Focus on 'broken' supply chain systems pays off for Voyager Portal

Sleepless nights for Windward boss Daniel in rocky run-up to IPO

'Double boost' for crude tankers as South American refinery expansion falters

Hoegh LNG Holdings makes $139m cash buyout offer for MLP

Omicron set to extend long-running container shipping boom

Drunk master and officers steered MPP straight towards Polish beach

Insight & Opinion

Nations move towards zero-carbon goal at IMO and away from 'net zero'

Opinion

After all the talk, here's the chance for IMO to back up words with actions

Tsakos Energy hails long-term VLCC charters as harbingers of recovery

Opinion

Levelling the decarbonisation playing field

Thanksgiving comes early for Scorpio Tankers in upbeat forecast

Automation can help, but shipping cannot automate out of a labour shortage

Urgency to act, but some differences, highlighted as shipping seeks spotlight at COP26

Shipping's horn should sound SOS over 'Great Resignation' fears

Shipping's carbon moonshot mission: Times like this need crazy people

It's been a long drought in crude-tanker consolidation for John Fredriksen

Analyse this: tanker king's state of mind could hold the key to Euronav path

European owners will sell ships early to avoid scrapping prosecutions, GMS says

Salerno presses nuclear button in carbon debate

Why Kumiai Senpaku is resisting temptation to cash in dry assets

Splash the cash or grow with the flow — which ship manager are you?

Ready for a squeeze? Capesize FFAs poised for volatility due to urgent hedging

Robust ordering pushes LNG carrier fleet past 100m cbm threshold

Capesize bulker rates fall another 23% as commodity prices cool down

Tanker rates keep firming with more expected to come

No end to port congestion crisis in sight, as backlogs hit record highs, says Clarksons

Cyber specialist Windward opens up 5% after initial public offering in London

Three crew members hospitalised after Covid outbreak on Hapag-Lloyd ship

Oldendorff puts Synergy in technical charge of 17 bulk carriers

Trafigura offloads five MRs onto China's CDB Leasing

3i buys out partner in Esvagt after lack of ‘compelling offers’

Wagenborg and Open Arms charity find new uses for offshore vessels

Boxships

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Mystery backer floats $1.4bn Project Knight container ship deal

Empty boxes taking up too much space? Try a foldable container

Containership boom puts China top of the shipowning rich list

Global logistics jam costing lives for hospital charities

MPCC dissolves container shipping pool after profiting from vessel sales

CMA CGM eyes 'most expensive' dual-fuel containerships to date

SFL says charter rates are too good to sell older ships just now

Good times roll for Hapag-Lloyd as profits increase tenfold

Seaspan closing in on $1.6bn funding for 70-ship newbuild series

Big three liner giants raid secondhand containership market

Containership charter market 'sold out' for 2021

Ocean Network Express sees first-half profit hit $6.7bn

Containership orders at highest level since 2007, Clarksons says

Los Angeles and Long Beach to charge $100 for containers that ‘linger’

CMA CGM pays big to acquire seven feeder boxships

Flames extinguished after container collapse sparks blaze on Zim ship

Goldenport and Tsakos jump on containership asset play window

Crew evacuated as fire rages aboard Zim Kingston containership

Lomar Shipping nets $66m on sale of two containerships to MSC

ONE eyes $2.5bn containership deal as yard prices soar

Asian demand 'draining' Europe of much-needed WTIV tonnage

Analysis

Dry bulk market headed to 'overcorrection', Platts analysts say

VIDEO

Timber cargo fire 'largely extinguished' on NSC handysize bulk carrier off Sweden

Viewpoint

How can tank design improve CO2 capture and storage?

Ifchor reveals 50% stake in GRS as bosses outline offshore wind ambitions

World's first hydrogen carrier prepares for maiden voyage

Offshore

Standard Drilling PSV buyer paid a premium for cable-layer conversion

Clarksons Research says OSVs and panamax boxships decline as overall fleet size grows

'Re-IPO of the business' leaves Eneti counting cash and looking forward

IPO debutant Edda faces delivery headwinds

Confidence abounds at Eneti as Jones Act wind turbine installation vessel in sight

Over-allotments could add $30m as Edda Wind launches Oslo IPO

Spetalen and Fredly could oppose Noble's merger with Maersk Drilling

Boskalis wins whopping charter for wind farm crane ships

Wind player Eneti prices $175m equity deal at huge 36% discount

BW's Cadeler lines up deal to install 48 wind turbines for Orsted

Seaway 7 fixes offshore wind newbuilding in first deal since merger

Eidesvik and Wartsila aim for world's first ammonia engine retrofit

EMGS says $2.1m at risk after government shuts down Mexican bank

Honey, I shrunk the fleet: AHTS shipowners ramp up rates in tight market

Afai starts work on China’s ‘first’ purpose-built crew transfer catamaran

Court rules Prysmian ripped off Salt's cable-layer design to save $6m at Vard

Farstad and Volstad families take $162m plunge into offshore wind

Analysis

Is Singapore’s offshore scene set to ride market recovery?

Solstad sends seven 'irrelevant' vessels for green recycling in Norway

MOL teams up with Kokusai Cable Ship for wind farm work

HuaXia Financial Leasing enters shipping with deals for up to a dozen bulkers

Laeisz buys into Gram Car Carriers through two-ship sale

Read the e-paper

Project Knight mystery, Shandong's HK IPO, Omicron fears, GriegMaas cash-out

Fire shuts down Prelude's huge FLNG off Australia

Brazil files charges concluding Greek-flag tanker was to blame for oil spill

LNG industry hears horror story: the market could run out of ships

Tw+

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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

A lifeline for seafarers amid the hidden Covid-19 crisis

In sickness and in wealth: How Covid supercharged the box boom

Lambs to the water: How can livestock carriers clean up their act?

Everything you always wanted to know about carbon trading

Cargill gets ‘skin in the game’ of wind assistance

‘Ammonia-ready’ sounds great. What does it mean?

Does your ship have the EEXI factor?

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

TW+

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

Synthetic-LNG: ‘it’s absolutely no miracle’

Tristan Smith: ‘The climate doesn’t care what’s on a certificate’

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

VLCC spot rates keep languishing while suezmaxes show some improvement

Resale

Diana Shipping makes first capesize purchase in six years

Car carrier rates bounce back to 'pre-Lehman shock' levels

MSC and Costamare lock horns over California oil spill

Tight supply expected to lift dry bulk market amid lower demand

NRP teams with Briese to buy bulker with 'eternal' charter to Oldendorff

ESG

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Windward IPO is 'super-good news' for shipping's tech scene

Ifchor reveals 50% stake in GRS as bosses outline offshore wind ambitions

World's first hydrogen carrier prepares for maiden voyage

Asian demand 'draining' Europe of much-needed WTIV tonnage

MOL places wager on floating offshore wind farms with UK partner

Pacific Basin offers 'green COAs' through carbon offsetting

Ammonia-fuelled Castor Initiative brings Singapore's Jurong Port aboard

Costa Concordia salvage master Nick Sloane to head ISU

Germany's Greens put shipping in Europe's carbon crosshairs

Comment

Carbon ‘can kicking’ gave IMO bad rap but progress was made

Nations move towards zero-carbon goal at IMO and away from 'net zero'

Broker Ifchor moves into offshore wind with German specialists GRS

X-Press Feeders boosts capacity with order for 16 methanol container ships

'Open for business': green shipping fund Prow expects first deal early in 2022

Decarbonisation challenge key to Kristoffersen's job switch

Green groups push liner operators on zero-emission shipping

Environmental damage from X-Press Pearl disaster will last 'generations'

Empty boxes taking up too much space? Try a foldable container

Alternative-fuel ship orders spike amid uncertainty over regulations

Governments accused of 'kicking the can down road' at IMO decarbonisation meeting

US-Iran talks turn negative as Tehran pushes for more oil exports

International Seaways linked to suezmax sale as renewal continues

Switch Maritime claims world's first hydrogen bunkering in US

Demand for LNG as bunkers set to top 9 mtpa by 2025

Omicron

Singapore restricts crew changes for those with Southern Africa exposure

Kim Ullman signs off with message of hope for tanker owners

Insurance

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Alandia homes in on marine with insurance portfolio sale

Japan P&I Club to raise rates by 10% as claims increase

Insurer Gard's earnings hit by P&I claims crisis

Gallagher asks if club reserves could be used to calm P&I's perfect storm

S&P Global Ratings turns negative on 'high risk' P&I sector

Viewpoint

A hard market is needed now to keep the P&I system alive

West of England sets 15% general increase for P&I as claims soar

London P&I Club refinancing may signal the end of cheap cover

Gard again goes for P&I gold, but some big names are struggling

Broker Aon calls for transparency over hike in P&I reinsurance costs

Skuld warns of sanctions risk as Iran and Venezuela oil exports rise

West P&I club warns of compromised cover over Sierra Leone cargoes

Swedish Club hit by claim for total loss of X-Press Pearl

Golden Ray set to become one of shipping's costliest casualties

Atrium and Skuld make key underwriting hires in London

Lloyd’s of London opens up on gender and ethnic diversity

Pandemic leading to increase in near-miss shipping casualties

Tsakos insurance chief urges caution on the road to digitalisation

Swiss Re backs a Poseidon Principles for marine insurance

Marine underwriters embrace 'watershed moment' in ESG transition

LNG-fuelling believers have one eye on the energy transition

Vitol approves first completely digital inspection of KCC carrier

LNG industry soul searches as it starts on its own decarbonisation path

Boxship rates

Carriers eye 2022 profit bonanza as long-term freight rates 'explode'

FSL fails to sell tanker after customs probe delays delivery

Viewpoint

Shipping's energy transition is a catalyst for radical change

Interview

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

Frontline's Barstad says charterers may have to break 'radio silence' on cargoes

Seaspan Corp transformation 'no accident', says Bing Chen

SSY in talks to buy shops as hot markets fuel competition

Shipping is like a 'good wine', says Martin Stopford on his industry half-century

Unni: Maersk Tankers deal a partnership with people 'smarter than me'

Seaspan Corp bets big time on 7,000-teu containerships

Profile

Langh-Lagerlof continues to innovate with clean tech systems

Lightship CEO: Shipbrokers will consolidate or could even go public

Genco Shipping begins a new chapter under veteran leader Wobensmith

Genco seeks to convince investors its dividends are here to stay

Tsakos Energy brings new charter coverage to $500m with aframax deals

Eitzen's Christiania offloads tanker oldies as it eyes fleet renewal

Mystery backer floats $1.4bn Project Knight container ship deal

Opec stays the course on production hikes but keeps decision under review

Maersk handysize to earn $132,000 per day from military charter

Omicron curbs risk supply chain crisis, transport groups warn

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