TradeWinds | Latest shipping and maritime news

OSG feeling effect of product tanker arbitrage in tough quarter Amid busy week for period deals, Diana kamsarmax fixed at more than twice the previous rate Pemex remains behind on $26m payments owed to Tidewater Liquidity dispute breaks out on Scorpio Tankers call as analysts grill Bugbee New Fortress JV Zero Parks to provide blue ammonia for shipping OSG books major loss as pandemic weighs heavy on tanker demand Analysts boost outlook as Eagle Bulk ships haul loads of profits Scorpio Tankers booking better rates after big first-quarter loss Adventure-hungry cruiseship passengers head for the ice Cesare d’Amico targets acquisitions of 20 eco-bulkers at pivotal juncture

Liquidity dispute breaks out on Scorpio Tankers call as analysts grill Bugbee

OSG feeling effect of product tanker arbitrage in tough quarter

Amid busy week for period deals, Diana kamsarmax fixed at more than twice the previous rate

Interview

Cesare d’Amico targets acquisitions of 20 eco-bulkers at pivotal juncture

Pemex remains behind on $26m payments owed to Tidewater

Analysts boost outlook as Eagle Bulk ships haul loads of profits

New Fortress JV Zero Parks to provide blue ammonia for shipping

Pay still a problem for Clarksons as shareholders deliver kick in the teeth

'Simply red': Capesize futures market slumps, hitting bulker stocks too

Analysis

Euronav loss 'not great' but balance sheet still shines, Deutsche Bank says

OSG books major loss as pandemic weighs heavy on tanker demand

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Boxships

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HMM poised to pull the trigger on $1.4bn order for 12 neo-panamaxes

Asiatic Lloyd orders ‘ammonia-ready’ boxships in $400m fleet rejuvenation

Clock ticking for boxship owners as asset price cliff looms

CMA CGM orders 22 boxships worth almost $2.3bn in China

MOL turns $1bn annual profit for 2020 following boxship bonanza

MSC takes spending on neo-panamaxes to $400m with Embiricos deal

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Maersk confident of compliance as Denmark launches scrap probe

Matson's Matt Cox sees transpacific unlike anything 'in my nearly 40 years'

Costamare buys out York Capital from another boxship quintet

Seaspan Corp mulls extending containership order spree by another $1.46bn

Cash-rich Zim splashing $350m on early bond buy-back

‘Exceptional market situation’ prompts big full-year guidance upgrade at Maersk

Matson's profit skyrockets off soaring China service

Bernhard Schulte leaves Hanseatic Unity Chartering

Angry Contships in plea for armed guards after boxship bridge smashed up

Briese Schiffahrt places $92m boxship order with Chinese yard

Shipowner Sea Consortium inks neo-panamax boxships worth $292m

Tufton Oceanic plays long game as containership cover holds back NAV for now

MSC continues buying spree by forking out $195m for neo-panamax duo

Insight & Opinion

Gil Ofer: for maritime start-ups, there really is no better place to be than Singapore

De Stoop says big tankers still 'abundant' as Euronav crashes to $71m loss

Analysis

Gate crashers: newbuilding crude tankers muscle into product trade

One year after calling time on tankers, Chappell sees more pain ahead

DHT Holdings neither a buyer nor seller as it plays the patience game

Tanker owners still need to wait for recovery, analyst says

Vale's 'mantra' is music to bulker owners' ears: 450m tonnes of iron ore by 2022

Permanent closure of South Africa’s oldest refinery to boost product tanker demand

Analysis

Rush of tanker scrapping expected if US lifts sanctions on Iran

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Rajesh Unni says new virus wave is a 'recipe for disaster' for shipping

Time to future-proof ships amid uncertainty over bunker options

Jones Act spurring offshore wind joint ventures with US firms

'Exceptional': Clarksons says sale-and-purchase deals hit all-time high in March

Being like NAT: is that a good thing?

Experts split as Genco Shipping looks to pull a NAT out of its hat

Don't worry, tankers will be needed 'for decades to come', Gibson says

Singapore shipping struggles with boardroom diversity

Viewpoint

New technology can bring the certainty of 'truth' to shipping

Lofty capesize spot rates lift Baltic Dry Index to 10-year high

Spotlight

Next-generation LNG carriers and ice breakers set to usher in new Arctic era

Spotlight

Rosatom steps up efforts to open up Arctic’s Northern Sea Route

Ship Management

Global crew crisis far from over, ship managers warn

'No rush' but Odfjell still wants to sell its gas carriers after Celsius buyout

Mystery FSRU player poised to seal Australian terminal contract

Skuld turns a profit despite painful pandemic and pool claims

LNG

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Laid-up Sinokor LNG carrier finally sold for demolition

Scorpio tanker and Knutsen LNG carrier damaged in clash off Spain

Gunvor drops Exmar FSRU after arbitration decision

Titan LNG targets bio-LNG supply with new bunker barge plan

Cheniere Energy loads largest LNG carrier at US terminal

Avenir LNG closes in on fixtures for its two 20,000-cbm newbuilds

FSRU fixed for upcoming Ghana LNG import project

Analysis

Spot and short-term LNG deliveries surge in 2020, GIIGNL says

Petronas confirms LNG newbuilding trio for LNG Canada shipments

Morocco makes fresh bid to install an FSRU

Total’s force majeure on Mozambique LNG puts 17 newbuildings in jeopardy

New Awilco LNG charter expected to boost Ebitda

Japan and French banks dominate LNG financing, Poten says

SEA-LNG says World Bank view on LNG is ‘a mistake’

Celsius Shipping courts yards for LNG carrier quartet

Flex LNG dives into period market with five-ship Cheniere deal

‘Unacceptable’ not to choose LNG for newbuildings, Shell says

Shell to team up on LNG-powered fuel cell trial

Eastern Pacific and H-Line ink $800m dual-fuel Rio Tinto bulker deal

Avenir LNG 'turns the corner' as charterers form a queue for new ships

Covid-19 cluster found at Singapore PSA container terminal

Eagle Bulk Shipping's best quarter in decade misses analyst bets

Litigation

Singapore fuel supplier falls in US court dispute over Medmar bills

NYK Line charters its first ever CTV to Northern Offshore for 10 years

Tidewater keeps generating free cash flow despite losses

Cruise and Ferry

Norwegian Cruise Line's Frank Del Rio: 'Just let us cruise!'

Interview

100-ship fleets? Edward Buttery is happy to be 'the guy with one ship'

A family affair: father and sister key to Edward Buttery's IPO journey

'Totally overwhelmed': clients offer to co-invest in Wartsila's carbon capture plans

Magnus Fyhr returns to US analyst circles with positive view on tankers

WISTA Norway president calls on men to pitch in for gender equality

Profile

Claus-Peter Offen's succession plan charts course for next decade

International Seaways-Diamond S deal was more than a year in making

Oman Shipping gears up for five-year, 35-ship green expansion drive

Oman Drydock Co set to realise its full potential

Oman Shipping cashing in on scrubber-fitted VLCCs

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Reunion of old ex-DVB friends who keep their distance

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung targets bulker and pools expansion

Profile

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

BW performance platform ‘could be a game-changer’

Men just need to see us in action, says female captain

Belships eyes more ultramaxes as asset prices tipped to rise by 25%

d’Amico sees crude tankers undermine demand for product carriers

GasLog Partners moves to counter EEXI and CCI hit on LNG steamships

Multi-year bulker fixtures will be common soon, Hajioannou says

Genco expects dry bulk strength to continue into 2022

Cruise and Ferry

Norwegian Cruise Line just beats consensus as losses continue

International Seaways flips to $13.4m loss in tough first quarter

People

Canopius aims at war risk growth with hire of Miller veteran Whitear

Local hire boosts Britannia P&I’s ambitions in South Korea

Geir Nedrelo takes Jebsen's chair at Blystad

Wikborg Rein promotes 'no-nonsense' shipping lawyer Eleanor Midwinter to partner

Singapore shipping struggles with boardroom diversity

Simon Grainge takes top role at seafarers’ support group ISWAN

Charity HRAS and Reed Smith lawyers team up to advise stranded seafarers

Marex poaches brokers from Clarksons amid Oslo push

New Zealand to enshrine seafarer welfare funding in law

Italy’s d’Amico Group rings in the changes at its dry bulk division

Former Fearnleys owner and art collector Hans Rasmus Astrup dies at 82

All eyes on Maria Angelicoussis as new boss faces high-stakes calls

Howe Robinson boardroom table revealed as the one Prince Philip was born on

Visionary owner John Angelicoussis bequeaths sprawling shipping empire

Greek prime minister leads tributes to the late John Angelicoussis

WISTA Norway president calls on men to pitch in for gender equality

Melanated Mariners shines light on black contribution to shipping

Shipping pays its final respects to John Angelicoussis

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Colleagues say Braemar have the right man in 'charismatic' chairman Payne

Gunvor posts record trading profit as it thrives in pandemic chaos

Odfjell buys Celsius Shipping out of LPG carrier venture

Greece wants charterers to pay for European carbon rights

Knutsen Group reports profit hike as long-term charters pay off

Sterling a headwind but Clarksons sees medium-term outlook as positive

Litigation

Appeals court rules against US Navy sailors as fight against NYK Line continues

Business Focus

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Digital technology reshapes the shipping agenda

Furuno offers a look into the future with augmented reality navigation

ESG

'Radar harvesting' project poised to expose AIS cheats

Digital tech

Digital detectives play cat-and-mouse game over sanctions

Digital Tech

Shipping dives into the age of digital transformation

Digital Tech

Space technology helps underwriters understand shipping risks

Digital Tech

Experts see 'missing link' as maritime firms fail to prioritise digitalisation in business plans

Digital tech

Software vendors urged to up their game to add value for shipping

Digital tech

Shipping turns to digital technology to meet demand for ESG

We know all about the 'E', but where's the 'S' and the 'G'?

The fittest of shipowners can survive the age of ESG finance

Seafarers' union looks to widen role in ESG push

US watchdog cracks down on ESG issues amid focus on shareholders

Spotlight

Decarbonisation is the new frontier for ship managers

Spotlight

Pandemic proves ship management is a people business at heart

Intermanager sees second-party partnerships and standards as way to attract owners

Spotlight

Crew change not as bad in Covid-19's second wave, but problems persist

Spotlight

Ship managers faced their toughest test in crew-change crisis

Spotlight

Technology the silver lining of virus as catalyst for change in ship management

Spotlight

Covid-19 uncovered mental health issues that must not be forgotten

Norden logs weakest quarter since 2019 as product tankers slump

International Seaways could alter Diamond S deal on FSO sales

Odfjell launches new tanker pool with EGD as deep-freeze hits earnings

illimity Bank eyes more shipping deals after funding swoop for Grindrod tankers

MISC Berhad tanker arm sees operating profit slump 90%

Genco Shipping fixes out three bulkers in buildup to new finance scheme

Coronavirus

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Fujairah blocks crew changes as Covid-19 surges in India

Indian officer dies with respiratory problems on Saga Welco bulker

Singapore prohibits crew changes for seafarers with recent travel to India

New Century offloads Asian cruise veterans onto Indian ship recyclers

Belgium gives green light to priority vaccination for seafarers

Lone seafarer isolated from Covid-infected colleagues as Inge Kosan leaves port

Strange shipping tales: quarantine babies and supermarket scuffles

Pandemic and ship value write-down leads Grieg to $105m loss

Two seafarers dead after Covid-19 cases reported on three ships in Brazil

Seafarer found dead on CM Lemos capesize as 10 crew test positive in Crete

Philippines bans foreign seafarers from 21 countries to halt new virus strains

Singapore to tighten Covid-19 checks after LR surveyor catches virus

Interview

DNV GL's Orbeck-Nilssen backs surveyors amid industry dash to remote inspection

Viewpoint

Seafarers must be designated as key workers before the industry collapses

Coronavirus claims India's Jalesh Cruises

Genting and Royal Caribbean to relaunch Singapore cruise operations

Employers and unions call for crew-change charter clause

Letter

Seafarers trapped on ships but footballers roam free?

Carnival 'optimistic' on 2020 return to US sailing despite losing $8bn this year so far

Greek cruise return suffers blow as coronavirus breaks out on TUI ship in Aegean Sea

S&P

Ship hoover Castor Maritime sucks up another kamsarmax as spree hits $300m

Sinokor wins ExxonMobil aframax charters with STX newbuildings

Samsung Heavy Industries plans $888m fundraiser despite cash pile

China's GSI makes LNG-fuelled car carrier debut with SFL Corp deal

Safe Bulkers books biggest quarterly profit in seven years

Ardmore still a shipping company even after hydrogen investment

Offshore

Steckmest flips bankrupt Polarcus fleet to Shearwater for $128m

Jones Act spurring offshore wind joint ventures with US firms

NYK Line forms joint venture to operate wind farm ships in Japan

Seadrill clinches $380m Equinor charter for drillship in Brazil

Wavelength

Seabed mining an ESG dilemma on what defines decarbonisation

Offshore and marine arm continues to drag down Keppel Corp

UOS sweeps back into Brazil with two-year AHTS charter

BW Offshore scraps laid-up 45-year-old FPSO in $16m deal

Norwegian AHTS rates top NOK1m for first time since 2018

Offshore exodus: more PSVs sold out of oil and gas market

Crowley sees lucrative, long-term opportunity in wind

Bondholders take over last Polarcus ship and buy Fugro's seismic business

Odfjell family takes over Oceanteam as it focuses on wind power

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Clarksons takes $84m finance and offshore hit, but broking stays strong

Equinor keeping on Esvagt SOV for another five years

Tidewater confident the worst of Covid-19 is behind it

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

Banks take over Polarcus seismic vessel fleet hours after owner defaults

Broker Hanse poaches Howe Robinson's Alexander Bock to build S&P

S&P

Navios Acquisition sells oldest VLCC as bond concerns mount

Wavelength

Joe Biden’s bold action and vision in first 100 days to shape shipping

Maersk reaps $3bn as container shippers shift to long-term contracts

Video

Cardiff seeks damages in court after capesize bashed at anchor

Ardmore keeps pitching tanker fundamentals amid loss

Tw+

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Maria Angelicoussis: Making her mark at Maran

Elisabeth Grieg: ‘I am too impatient. Someone has to go first’

Andi Case: You can’t ignore the empire he has built

Procopiou sisters: Siblings move centre stage

Meet 30 people who will shape shipping's future

Kathrine Fredriksen: Reading the runes of a Norse saga

Christian Oldendorff: Seizing the economic potential of technological leadership

Cameron Mackey: Scorpio's quiet man on with a hand on the tiller

Alexander Saverys: CMB harnesses hydrogen in the battle against black swans

Ren Le Tian: Rebuilding Yangzijiang, his way

Andy Dacy: Veteran has seen a lot of markets and he likes what's to come

Andreas Sohmen-Pao: BW boss aims to be on the right side of history, by helping to shape it

20 questions with Radziwill: ‘Dude, how come we’re not a lot richer by now?’

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

20 questions with Sam Ka, HHI's digital dreamer

Cash and carry | Will shippers pay the price for carriers to go green?

Shipping’s new dawn — it’s early days yet

Idan Ofer looks on the bright side

The ship that went ashore to become a hotel

Broker Ifchor's robotic hold-cleaning venture targets Japanese bulkers

Ship Management

Crew crisis

Shipowners urge caution over vaccine search as crew crisis deepens

S&P

Behind Wafra Capital's sales to Ridgebury: a VLCC deal that suited both sides

Crew crisis

Seafarer fund drive: 'sending emails isn’t good enough anymore'

S&P

C Transport Maritime companies buy bulkers while values remain low

Koch buys 2020 Bulkers stake in share sale that will fund Troim ships

Jobs

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Chartering Managers

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