TradeWinds | Latest shipping and maritime news

Greece’s Philip Embiricos dies in Paris, at 78 Algerian MPP banned by Paris MOU over safety and pollution deficiencies Virus variant panic hits cruise and shipping shares on Black Friday Container ships lead action-packed year for newbuildings but high prices set to hold Governments accused of 'kicking the can down road' at IMO decarbonisation meeting Petronas pushes out huge LNG newbuilding enquiry as berths evaporate Avance Gas closes on 'attractive' newbuild finance to reduce breakeven costs Piracy arrests could leave Denmark with legal headache Yang Ming newbuilding gets Japanese regional bank funding Alternative fuels bring colour to newbuilding debate

Virus variant panic hits cruise and shipping shares on Black Friday

Emissions

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

Greece’s Philip Embiricos dies in Paris, at 78

Container ships lead action-packed year for newbuildings but high prices set to hold

Petronas pushes out huge LNG newbuilding enquiry as berths evaporate

Algerian MPP banned by Paris MOU over safety and pollution deficiencies

Piracy arrests could leave Denmark with legal headache

Flex LNG delivers on promises to become 'dividend machine', says analyst

‘Alternative fuelled’ ships make up 34% of orderbook, Clarksons says

Yang Ming newbuilding gets Japanese regional bank funding

Avance Gas closes on 'attractive' newbuild finance to reduce breakeven costs

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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

People

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

Maria Angelicoussis hires Stohle as her deputy in Greek shipowning colossus

Lois Zabrocky: CMA commodore, still and again thanks to Covid-19

New Fortress Energy snaps up JP Morgan LNG newbuilding on period hire

Mitsui E&S Holdings offloads stake in domestic shipyard amid shifting priorities

Chinese make first move on high-value cruise ship market

Stolt Tankers promotes Maren Schroeder as it pursues IPO

Core Power buoyed by $170m in US funding for shipping's pioneering nuclear option

Dispute between Eletson and Chinese lessor escalates in Greece

Insight & Opinion

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

Newbuilding orders double as prices hit highest level since 2009

IMO delays decision on $5bn decarbonisation R&D fund

Danish navy shoots four suspected pirates dead in Gulf of Guinea

Valles Steamship's Koo elected Hong Kong Shipowners Association chairman

Swire Pacific Offshore reports data breach from cyber-attack

Search dog 'Dora' rescued after turning 'stowaway'

Vessels struggle in ice as winter comes 'early' to Northern Sea Route

LNG

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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

LNG newbuilding orders for first nine months top total in 2020

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

Cook arrested after captain found dead on Meghna Marine bulker

Legal

More Aegean Marine fraud allegations surface in Luxembourg courts

New German government hedges its bets on shipping

Greeks gobble up secondhand small bulkers, despite rate drop

Hoegh Autoliners banks $152m as IPO values company at $444m

Boxships

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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

Evergreen Marine posts best ever third-quarter results

Amazon tackles congestion by shipping own containers on G2 Ocean bulker

Renewables angle puts positive spin on electric Oslo IPO scene

S&P

Lukewarm Oslo tanker sentiment scuppers Norden MR2 sales

Wakashio owner begins limitation proceedings in Mauritius

Share rally helps Hamburg Commercial Bank hive-off Ernst Russ stake

Hunter sees 'lucrative' period ahead for VLCCs as rates edge above breakeven

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

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’

Wartsila says it will produce hydrogen fuel from LNG on board ships

EU resumes investigation into Hyundai-Daewoo yard merger

Troim takes a profit as he sells 2020 Bulkers stock worth $18m

Rate boost: Avance Gas says Panama Canal delays could force VLGCs round the Cape

New ownership rules drag on Hyundai Glovis share price, Nomura says

Norway set to enter Jones Act through Edda Foss Wind

ESG

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

'Seasoned' Dutch investors launch $470m fund for green vessel projects

Core-Power buoyed by $170m in US funding for shipping's pioneering nuclear option

‘Alternative fuelled’ ships make up 34% of orderbook, Clarksons says

New German government hedges its bets on shipping

Wartsila says it will produce hydrogen fuel from LNG on board ships

Renewables angle puts positive spin on electric Oslo IPO scene

IMO delays decision on $5bn industry decarbonisation R&D fund

Olsen family's next generation to run new floating wind farm company

IMO committee appears to reject net-zero resolution but favours strategy review

Green Seas

Saving cetaceans: Whale-safe ESG policies can protect endangered species from ships

Environmentalists lock horns with MarAd over endangered species

Green protestors turn IMO meeting into pure theatre

MISC Berhad scores Dow Jones sustainability listing

Monjasa tackles carbon 'illiteracy' with well-to-wake bunker reports

Every little helps when it comes to combating client change, says Sentosa

Sentosa Ship Brokers throws down green gauntlet to rivals

IMO deliberations open with debate over net-zero resolution

France gears up to propose Mediterranean ship speed limits to protect whales

World's first autonomous electric container ship makes maiden voyage

Quartet of small Xihe product tankers to go under the hammer in Singapore

MSC homes in on HHI for LNG dual-fuelled neo-panamax boxships

DEME to reflag Sea Challenger WTIV to target Japanese market

US Merchant Marine Academy urged to address raft of 'fundamental' challenges

NAT keeps tapping ATM, leaking cash in earnings miss

Italy’s DeA Capital exits dry bulk arena after sale of post-panamax

Insurance

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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

Viewpoint

P&I clubs are right to keep a tight grip on $5.5bn cash reserves

Growing reserve draws could be a near-term hurdle for tankers

Olsen family's next generation to run new floating wind farm company

Blackstone cashes out its stake in troubled Eletson Gas

It's 'harvest time' for Golden Ocean after Fredriksen fleet coup

S&P downgrades UK P&I Club amid industry claims crisis

Signal Maritime expands aframax and MR pools with new vessel additions

Interview

'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

Genco Shipping plots scheme to carry containers on bulker fleet

3D printing

ABS hails 3D printing trials on Conoco Phillips' suezmax a success

Langh family kicks off fleet renewal with LNG MPP order in China

Clean Earth's Spac taps van Reesema and Ralli to scout target projects

Arrested Hermes-controlled VLCC heads for the auction block

Nordic Shipholding limps on with bigger loss as fleet sale awaited

New Greek company walks in Northsouth Maritime's shoes

Jobs

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Marine Technical Advisor

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