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Tanker scrapping hits 30 year low as floating storage keeps old ships busy Former George Soros transport finance boss chases $25m Seaco payout Edison Chouset shipyard expanding to fill new tugboat orders Indecisive sentiment weighing on capesize bulker market Seawolf moves to end fight against Ridgebury registered owner Greek aframax stuck in Es Sider with Libyan force majeure International Group warns shipowners over TurkStream and Nord Stream projects New hire takes tanker brokerage Charles Weber into ship finance BIFA's beef: Felixstowe port under fire for 'appalling' box delays GC Rieber saving $8m as it stretches debt deal for a year

Tanker scrapping hits 30 year low as floating storage keeps old ships busy

Most Read

Indonesian players hunt for supramaxes in S&P market

Unions and employers join Singapore crew crisis fund

Former Soros transport finance boss chases HNA for $25m Seaco payout

DN investigation

Relatives offer Thomas Wilhelmsen $353m to quit family firms

LNG cargo carbon offsetting starts to draw a crowd

New hire takes tanker brokerage Charles Weber into ship finance

Greek aframax stuck in Es Sider with Libyan force majeure

Update

Trafigura's one-year fixture of Enesel VLCC fails to materialise

Litigation

Seawolf moves to end fight against Ridgebury registered owner

Infographic

Edison Chouset shipyard expanding to fill new tugboat orders

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People

Panagopoulos kidnapper resurfaces as football matchmaker in Greece

On watch

Shipping man Robert Fairchild heads for the exit

Kristin Holth joins GasLog as first female director

New CEO plans to take Songa Container to next level

Hygo management trio in line for $66m value in IPO bonuses

Monjasa steps up training scheme as bunker business mutates

Shipowner calls for search of remote islands to find Gulf Livestock 1 survivors

Peder Simonsen welcomed to Golden Ocean with share options

China Navigation master and chief engineer fined over New Zealand grounding

Bahamas Paradise and seafarers near settlement in nationwide class action

Video

Crew rescued as burning cable-layer sinks off South Korea

Boskalis dredger attacked with molotov cocktails and rocks

Chief officer lost from PIL containership off Japan

Ex-Braemar finance chief Louise Evans makes shipping return

Campbell Johnston Clark sets its sights on the Med on 10th anniversary

Tufton Oceanic adds shipping lawyer Rodsaether to board

Gulf Navigation names new chairman and CFO as it looks for 'fresh start'

Crewman missing after explosion tears open Vietnamese tanker

Captain and crewman reported kidnapped from Seatrade reefer

Robert Courts becomes UK’s second shipping minister in seven months

Indecisive sentiment weighing on capesize bulker market

Jens Martin Jensen takes on CEO role at Athenian Holdings

Insurers warn owners over TurkStream and Nord Stream

S&P

Carnival Corp sells two Princess cruiseships to mystery buyers

Sincere Industrial bulker banned from Australia over unpaid crew wages

BIFA's beef

Felixstowe port under fire for 'appalling' box delays

Solstad to bank $45m from charter termination as rates spike again

Mehrotra's Foresight eyes CNG carriers in $500m port deal

Boxships

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Maersk jobs under threat as company says 27,000 staff 'affected' by shake-up

Zoom boom: 'Titan' Atlas tipped to prosper as Fearnley Securities upgrades boxship sector

TS Lines books feeder boxships worth $92m at Huangpu Wenchong Shipbuilding

Germany's DAL/JTE steers back to boxship and tanker roots

Boxship owners’ green recycling boosts Indian breakers in monsoon season

MOL boxship diverted to Colombo after fire in cargo hold

Singapore approves liner consortia exemption until end of 2021

CMA CGM sees silver lining on booming transpacific trade

Pacific International Lines founder YC Chang dies aged 102

Asiatic/Atlantic Lloyd takes panamax boxship fleet into double digits

Terminal plan to turn Mississippi River into containership highway

Evergreen rekindles boxship newbuilding hunt with neo-panamax enquiry

MPC Container Ships losses mount in 'one of history's worst years'

MSC swoops on former Yang Ming boxship

Zodiac ties-up neo-panamax charters with ONE of Japan

Eimskip profit holds up after 10% of staff axed

Maersk kills off Safmarine name as it integrates operations further

SITC confirms orders for up to 12 feeder containerships

Borealis Finance reveals 'unprecedented' pandemic pain for boxships

MPC Capital hit with write-down from container markets

Glencore extends charter of 2020 Bulkers newcastlemax

Euronav share buyback rolls on with another $11m splash

DP World targets $486m of Djibouti assets in US legal moves

Saverys targets 'hydrogen future' with engine launch

CEO Vogel is a buyer of Eagle stock after reverse split as shares recover

Loan buyer looks to seize Turkish-owned tanker with $124m claim

Insight & Opinion

Product tankers and VLCC newbuildings fixed for potential gasoil storage play

Thai tanker owner gets caught up in Venezuela-US sanctions stand-off

BP and IEA predict big roles for biofuels in bunker mix

Quantafuel eyes $200m profit from turning shopping bags into fuel

Too much tonnage and brief VLCC rally holding suezmaxes down

Floating storage talk likely ‘much ado about nothing’

Too many bears: Jefferies sets market straight on Scorpio Tankers

Okeanis says tanker supply picture may be 'most bullish' in history

Eagle Bulk's reverse split came from strategy not desperation, but shares fall back

Comment

Japan Inc steps in to help Mauritius cope with Wakashio disaster

Floating storage demand to drive another tanker rally? Not quite

Yangzijiang a potential privatisation candidate, says analyst

Cleaves again downgrades Avance and BW LPG

Chinese leasing companies remain bullish on shipping

Smaller ships dominate demo deals as yards get their fill

Private islands, rather than ships, could make the difference in cruise rebound

Tanker rates uptick lifts US-listed tanker stocks, but for how long?

Joe Biden's $2trn pledge does not guarantee WTIVs will be built in US

Dry bulk rates slide over past week amid meagre activity

Maersk boss Soren Skou: 'Set trade free' in face of pandemic

'Near-perfect' window: Trafigura re-enters bond fray with $400m deal

Non-Iranian tankers have quit Venezuelan gasoline trade, US says

SFL Corp could be affected by Seadrill forbearance period

K Line Offshore reports best result since 2014

Monjasa steps up training scheme as bunker business mutates

Sri Lanka lines up charges against New Diamond's Greek master

Interview

Claus-Peter Offen sells 'ill-fitting' bulker division

UK charity thinks outside the box to bring seafarers home

How Philip Eastell's horticultural career was nipped in the bud

Everything is coming up roses for Stella Maris

Designer AK Suda looks to consortium to tap US wind farm riches

ADS Crude Carriers reveals Plan A: to keep trading veteran VLCCs

Former Maersk man rises to the climate challenge for StormGeo

'E-residents' and zero tax for crew as Estonia rejigs register

ABN Amro’s Gorgels only has eyes for European shipowners

Yara Marine seeks to diversify from scrubbers into greener ship technologies

Norden's 'come a long way' in transition to asset trader

Scorpio Bulkers likely to go big on wind order and ditch the dry ships it now owns

Ardmore Shipping erases one risk from the equation: Libor

d’Amico facing up to crewing challenges amid fears of second wave

Number of scrubber retrofits so far is 'peanuts', Wartsila says

BULL targets 'sweet spot' as it charts international course

BULL bullish on dry bulk as prices become more attractive

P&O Maritime CEO: offshore players will need digital edge to survive and thrive

Natasa Pilides: 'We're solving the puzzle of stranded crews'

West of England says tradition weighing down law firms in claims arena

Intertanko hits out at EU decision over carbon trading scheme

Carnival clearout sees another cruiseship bite the dust

Sovcomflot picks Moscow as it closes in on potential $10bn IPO

Infographic

VLCC rates retreat from two-month highs on relets, slow activity

Diana Shipping sells aging panamax bulker

S&P deal book

Marshal Shipping tipped as buyer of ADS VLCC; Wah Kwong sells bulker

Weekly Edition

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George Gialozoglou companies dump string of crude tankers

NYK Line brings Turkish group to court over fraud allegations

K Line sells to Great Eastern in second attempt to offload VLGC

Rongsheng Holding teams up with CSSC unit for $2.5bn splash on VLCC newbuildings

EcoClipper narrows down yard options for new cargo sailing ships

KPMG places Xihe Holdings tanker trio on sales block

PSV to be converted into salmon delousing vessel as rates spike

Insurers face increasing risks just as cargo premiums are set to plummet

Island Navigation mulls LNG fuelling as it strikes options for MR tanker duo

Panama confirms Wakashio diverted for wifi connection during birthday celebrations

Tianjin Southwest Maritime enters VLEC sector with order at Jiangnan Shipyard

German general cargoship picks up scores of migrants in Aegean

Tomini 'mutiny' master fights for future after flag state withdraws permits

Court orders sale of arrested Global Maritime cruiseships

Costa Cruises cancels upcoming season for South America

Boxship owners’ green recycling boosts Indian breakers in monsoon season

PIL family pays tribute to founder YC Chang

Environment risk highlighted as governments fail to invest in salvage

West of England braced for big claims from twin casualties

Green money hunts blue sea deals as owners look to ESG investors in decarbonisation drive

US watchdog steps up scrutiny of liner alliances amid Covid-19

IUMI

Insurer complains that hull rate rises do not go far enough

DP World partners with Israeli firm on port and yard ventures

S&P

FTI cruiseship sold for conversion into giant superyacht

Berge Bulk linked to more Japanese capesize buys

Belships takes over management of SFL's handysize bulkers

Offshore

GC Rieber saving $8m as it stretches debt deal for a year

PGS closes on $1.2bn debt deal after 'dramatic' market plunge

Siem Offshore says consolidate or wave goodbye to profits

Creditors cash out of Solstad after taking 97%-plus haircut

Sealed with a bump: Wilhelmsen and Ostensjo eye wind newbuildings

Swire Blue Ocean eyes double wind farm installation vessel order

Vroon PSV trio set for ‘green’ demolition in Netherlands

DOF asks for more time as $2bn debt deal drags on

Bourbon selling its Les Abeilles rescue and salvage fleet

Seadrill gets another nine days to pay interest on loans

Wilhelmsen breezes into wind farm vessel arena with Ostensjo deal

Blystad's OHT lands second Equinor wind farm installation deal

Solstad starts auction to buy back $107m of debt for $8m

Ocean Yield to book $130m impairments for troublesome offshore vessels

Seadrill buys Mermaid Maritime out of Asia Offshore Drilling

Sovcomflot stretches Polarcus charter for three years at half-price

EMAS Offshore to lose Oslo listing after government appeal fails

Harvey Gulf to convert PSV into offshore bunker ship

Seabrokers warns AHTS rate rebound is not quite all it seems

Solstad scoops second wind farm deal as it reaches beyond oil and gas

New industry safety coalition aims at a zero incident future

Wavelength

If we’re not using oil, what happens to all those tankers?

Court: cargo damage losses recoverable from delayed charterers

Ghana to send navy, air force patrols to combat pirates

Carnival still deep in red but sees light at the end of the tunnel

EU approves adding ship emissions to its carbon market trading scheme

LNG

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Hygo Energy Transition looks to raise up to $558m in US IPO

Posco International launches hunt for lone LNG newbuilding

Third ship named for KARMOL LNG carrier to FSRU conversion

BP plans to double its LNG portfolio to 30 million tonnes by 2030

LNG is 'best we have' for eco fuel but costly to apply, owners say

Shell study claims 40% capex savings on LNG-fuelled VLCC

Exmar loan suspended as it chases $30m from FLNG force majeure

KARMOL to start third LNG carrier to FSRU conversion

Pavilion Energy sees need for 100 new LNG bunker vessels

Powerzeek adds liquefied biogas to its digital fuelling platform

Total eyes wind propulsion for next-generation LNG carriers

Sovcomflot and Novatek confirm LNG newbuildings at Zvezda

Petronas courts early-day offers on LNG carrier newbuildings

Swedish tanker debuts as first foreign-flagged ship to bunker LNG in US

Japan yard names largest LNG-fuelled PCTC ahead of delivery to NYK Line

Wilhelmsen aims for bigger LNG footprint after Hyundai Glovis deal

Dynagas LNG Partners rides out Covid-19 challenges

Celsius Tankers fixes first LNG newbuilding to Gunvor's Clearlake Shipping

Delta Offshore Energy opts to go jetty-less for Vietnam LNG project

Volatility seen in LNG shipping as charterers toy with relets

Ernst Russ bids to become Germany's stock-listed shipping giant

VLCC New Diamond set for next stage of salvage operation

Oxygen shortage force closures of Indian shiprecyclers

Newbuilding delays help ease cruise line shutdown pains

S&P

Eagle Bulk sells older bulker and circulates two in fleet renewal

UPDATE

Hafnia eyes methanol tanker newbuilds as it buys into US plant

Coronavirus

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Hurtigruten puts cruiseship voyages on hold until 2021

Lay-offs and handouts: ropax owners try to adapt to Covid-19 crunch

Dry bulk rates continue falling amid global Covid-19 uncertainty

Clarksons says pandemic is increasing average size of scrapped ships

Bulker group Aspo resumes forecasting as virus fog clears

Marine insurers fear crew crisis will lead to more ship casualties

IMO joins forces to urge UN General Assembly to act on crew change crisis

Hyundai Heavy Industries hit by Covid-19 outbreak

Most cruiseships won't be fleet operational until second half of 2021, UBS predicts

South Korea threatens major fines or jail for Covid-19 cheats

Costa Cruises cancels upcoming season for South America

Shipping urged to come out of the shadows and make friends to solve crew crisis

Klaveness says 'extensive quarantine' the only way to ensure crew changes

Shipping conferences back on the agenda as Singapore trials larger events

Italian shipowners hail $100m state aid as ‘important first step’

Greek owners call for loan deferrals to help shipping cope with Covid-19

Hesnes Group faces challenges in car carrier broking and open-hatch bulkers

Greek shipping minister in isolation after meeting coronavirus-infected investor

Carnival delays restart for AIDA Cruises to November

Pandemic accelerates need to embrace new technology, but Stopford warns 'these things take time'

Avin International sells oldest suezmaxes in its first S&P deal of 2020

S&P

Polembros swoops on bulker redelivered by PCL

Eagle Bulk Shipping conducts reverse stock split to attract new investors

Iranian VLCC reportedly turns up in Venezuela

Green transition is a trillion-dollar question, says Clarksons

UPDATE

Belships’ Atlantic desk in Oslo hits the ground running

Insurance

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Insurance claim concerns calmed after New Diamond declared 'pollution free'

West of England braced for big claims from twin casualties

Marine insurers warned they will pay for climate change

Insurer Skuld reports half-year loss as claims rise

Cargo claims settlement technology hits insurance market

Trio of losses rings up $100m in claims for hull underwriters

McGill and Partners thrives in new normal as head firmly set in (digital) cloud

Shipping braced for increases in insurance rates

McGill and Partners takes on former JLT marine broker in New York

Naaman Jensen takes over at Skuld in New York as Andersen retires

C Solutions to manage Argo's marine claims run-offs

MOL extends Mauritius pollution response aid package

Disaster looms as fragile floating storage unit takes on water off Venezuela

Swedish Club reports small loss amid recovery from investment slump

Difficult year ahead for Japan P&I as it reaches new milestone

OCIMF rolls out remote SIRE inspection regime for vessels

Quality crisis: Alarm after bunker survey uncovers safety issues with new fuel supplies

Wakashio captain and chief officer arrested after fuel oil spill

Fire on Greek bulker leaves one dead in Arabian Sea

Nagashiki Shipping: the very private Japanese company behind the Mauritius pollution crisis

Shiprecycling

Petrobras adds to demolition spree with sale of tanker trio

Hunter seals second strong VLCC term deal as rates jump

After summer dip, VLCC spot rates surge to seven-week high

OCIMF restructures to prioritise areas of risk for charterers

Castor Maritime turns red but sees bulker term rates rising

Mowinckels finds suezmax segment 'interesting' amid reports of order

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