TradeWinds | Latest shipping and maritime news

Green Seas: A mountain to climb at COP28 after new targets shift IMO from laggard to leader IMO slams ‘shadow’ fleet and calls on members to crack down on illicit cargo transfers Russian master back home as oil smuggling probe drags on Panama Canal surcharges could be coming for car carriers as rates tipped to spike Japanese ro-ro remains stuck hard aground in the Inland Sea Grain most likely dry commodity to be affected by any disruption to Red Sea shipping HMM inks giant car carriers to charter to Hyundai Glovis Trafigura and former COO Wainwright charged over alleged Angolan chartering bribes Arcadia Shipmanagement inks first tanker order in China Norwegian pension fund becomes second-biggest Hoegh Autoliners shareholder

Frontline’s 24 new VLCCs could soon be worth $350m more than price tag, Clarksons believes

Green Seas: A mountain to climb at COP28 after new targets shift IMO from laggard to leader

Trafigura former COO Wainwright charged over alleged Angolan chartering bribes

Revealed: the dry commodity most at risk from Red Sea shipping threat

S&P

Navios and Byzantine bulkers sold as fleet renewal moves roll on

IMO calls on members to crack down on illicit cargo transfers as it slams 'shadow' fleet

Marinakis tasks Clarksons’ Case with $106m PSV raid

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Green Power: Southcott pursues a Sea Change with zero-carbon shipping

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Green Power: Teqplay’s Leon Gommans on reining in wasted time, and money, in port

Panama Canal surcharges could be coming for car carriers as rates tipped to spike

Norwegian pension fund becomes second-biggest Hoegh Autoliners shareholder

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Green Power: The people driving shipping’s sustainability transition

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Green Power: John Cooper moves from Formula One to daddy cool

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Green Power: Faig Abbasov sees LNG as no better than the fuel it replaces

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Green Power: Michael Webber says ‘ESG has taken on a life of its own, in productive and counter-productive ways’

‘Unprecedented challenge’: Shipping braces for an ESG disclosure tsunami

Is China set for the great container ship reset over the next decade?

Will the IMO make history by electing its first woman secretary general?

How close is the end of the road for tankers?

This is Robert Bugbee, speaking to you from the future

Is Wall Street ready for another look at shipping?

Big house, little house: the future of shipbroking

Fasten your seatbelts: dry bulk is in for a bumpy ride

Electric car sales set to change nature of oil markets, says IEA

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Shipyards build up to the challenge of launching a zero-emission fleet

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Whatever happened to all the offshore newbuildings?

Machine earning: How digital monitoring can make a difference

Carbon laws dawn: Are new IMO emissions rules fit for purpose?

Cruise seeks cut to intensity to prevent perverse incentives

Tug of law: CII ‘cuts through the heart’ of contracts

How to digest the IMO’s alphabet soup of rules

Russian master back home as oil smuggling probe drags on

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Green Power: Soren Meyer still has big plans for optimisation platform ZeroNorth

Japanese ro-ro remains stuck hard aground in the Inland Sea

Arcadia Shipmanagement inks first tanker order in China

Previous links to Israeli shipping unlikely to impact Red Sea war risk pricing say underwriters

Every dollar spent on fuel savings onboard will save $10 in future supply, says report

China’s Shandong Shipping inks Guaibamax order quartet against Vale charters

Iran and Russia close ranks against sanctions in Moscow declaration

Insight & Opinion

Comment: Should shipping be front of the queue for green fuels?

Editor’s selection: Frontline’s lenders cough up for VLCCs, Braemar’s testing time over… and loud snoring

Comment

US targets individual vessels as new sanctions battle front opens

Wavelength

Wavelength: Why shipowners should be alert — and not just in the Red Sea

Comment

Economic uncertainty looms over shipping but dark clouds worry some more than others

A clear wealth divide is growing between P&I clubs

Wavelength

Wavelength: Container ship players face a ‘car crash’ — and don’t have any brakes

Container shipping ‘car crash’ predicted in 2024 followed by years of overcapacity

Wavelength

Wavelength: Will the International Energy Agency’s oil warning hit tankers?

Green steel: ‘Classic’ capesize cargoes evolve as steel industry seeks to slash emissions

Wavelength

Wavelength: How ‘dark’ fleets and Gaza are turning the IMO into a war zone

China’s lagging economy may spare capesize bulkers if ‘two grey rhinos’ can be avoided

Streetwise

Streetwise: Tsakos Energy Navigation celebrates 30 years of publicly dodging black swans

US forecasts record corn crop, boosting prospects for dry bulk shipping

insight

Will a shakeup of EU’s antitrust laws rock the liner shipping boat?

Volatility blurs LNG carrier outlook as traditionally busy winter season kicks off

Car carrier shortage bodes well for PCTC sector as demand for vehicles drives upwards

Editor’s selection: Euronav carve-up? Dubai’s dubious accolade and police probe Ince deal

Nordic American talks up suezmaxes: ‘The market is good for our ships’

Forget Phoenix, no more Nordic: It’s all Pangaea Logistics from here

COP28

Hoegh Autoliners strikes new deal to fill ammonia supply gap

HMM inks giant car carriers to charter to Hyundai Glovis

Broker Alibra outlines limits and pitfalls of FuelEU ship pooling plan

COSCO Shipping Line contracts MAN ES for methanol fuel box ship conversions

Pacific Basin secures first sustainability-linked loan facility

US price cap action squeezes EU operators out of Russian trade

Business Focus

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Special report: Making the leap to greener fuels

EU backs global shipping levy as it seeks to deflect carbon trading criticism

Carbon emissions trading has arrived but at what cost?

BRS floats alternative EU carbon clause amid uncertainty

Want to start trading EU carbon credits now? Watch out for the bureaucratic logjam

Greek shipping navigates treacherous, uncharted waters

Kollakis clan drawn to newbuildings but keeping fuel options open

Petros Pappas tells why Star Bulk Carriers is keeping its powder dry on fuelling

Panos Laskaridis talks about succession planning, Greek-style

South Korean shipyards seek silver bullet to labour crunch

‘Made in China’ breathes new life into mothballed shipyards to drive capacity

Shipyards set fair as decarbonisation demands drive fleet renewals

Alternative fuelling choices not going to get any easier in 2024

China’s ascent in shipowning drives fresh demand for old hands in ship management

Cyprus’ Themis Papadopoulos unveils plans to burnish ship management credentials

Geography trumps geopolitics for Cyprus amid the fog of war

Fleet Management’s Kishore Rajvanshy on tackling challenges and reaping rewards

MaruFleet venture to drive Marubeni shipowner MMSL’s decarbonisation journey

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London shipping: Are the Baltic Exchange and FFA market experiencing the ‘seven-year itch’?

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‘What’s London got to do with it?’: Shipbroking confronts a new world order

Costa Rica police find 200kg of cocaine in ship’s engine room

In pictures

Asia’s largest maritime trade fair returns to China in physical form after Covid-hiatus

US says drones not targetting warship and claims there’s no regional conflict

ONE plans new service via Suez Canal to tap growing US-India trade links

Grimaldi tipped to make Hoegh Autoliners move after Maersk exit

VLCC price talk hits $114m as Bahri linked to modern AISSOT duo

People

Graham Hoar brought in to lead new future fuels team at US broker Poten & Partners

COP28

Global crew training for low-carbon shipping to be revealed at COP28

Mats Berglund makes surprise return to Pacific Basin

Shipowner Galtung Dosvig backs cash-strapped singer Melanneyn with grant

Avenir LNG loses CEO Peter Mackey as search starts for replacement

Squire Patton Boogs raids Ince to boost Hong Kong team

Hill Dickinson boss Peter Jackson to step down after 40 years with UK law firm

CJC brings in trio of Ince lawyers led by Chris Kidd to reinforce growth strategy

Seasure broker Charlie Long completes initial line-up at new London shop M3 Marine

Clarksons-backed Sea promotes former ZeroNorth executive to product chief

Denmark’s DFDS hunts for new finance chief as Karina Deacon quits

Say goodbye to Phoenix Tankers and hello to MOL Energia

OOIL appoints Chen Yangfan as CEO in management shake-up

Navigator brings in Janette Marx as longest-serving director David Kenwright resigns

Digital freight forwarder Flexport slashes workforce by 20%

Stephenson Harwood scoops eight shipping lawyers from Ince in Hong Kong and China

Ince partner Richard Oakley joins law firm CMS in Hong Kong

Wilhelmsen’s new energy chief Wang leaves Astrocast board due to ‘policy changes’

Norwegian economist seeks to inspire women with Onassis shipping award

In pictures: Carisbrooke Shipping wins charity golf match after a shotgun start

Oaktree finally cashes in Torm shares with $85m sale

Green Seas podcast: Will mining the seabed help or hurt the environment?

Sea Cargo Charter ups benchmarks to line up with IMO and invite shipowners

Broker SSY launches carbon calculator to smooth path into EU ETS

Viewpoint

Looking beyond the engine: COP28 needs to focus on the availability and scalability of fuels

Ukraine corridor bounces back, hitting 200th outbound voyage

LNG

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Australia Pacific LNG prepares to resume exports after gas ship moved

Awilco LNG wastes no time buying back $314m duo from Chinese lease

RINA develops LNG-fuelled newcastlemax with hydrogen production plant on board

Golar LNG fielding offers for Hilli Episeyo even with more than two years left on contract

Golar’s FLNG Gimi finally sets sail for Africa

Capital Product Partners buys 11 Marinakis LNG carriers for $3.1bn in pure-play gas move

Evolving for expansion: Charting LNG cargo containment’s rough passages

Russian LNG still flooding into Europe despite calls for a halt

Flex LNG talks up 2027 opportunities for its next open LNG carriers

New Fortress Energy introduces first gas into its FLNG unit off Mexico

Cheniere inks sales deal that could see it deliver LNG well beyond 2050

MISC Berhad to convert older steam-powered LNG carrier into FSU for Petronas gas contract

Anemoi ties up with Hudong-Zhonghua on sail design for LNG carriers

Shipowners turn to spot LNG bunker deals in volatile market, Integr8 Fuels says

Future of five-year-old LNG ship duo hangs in balance as legal rows roll on

Japan’s MOL taps Indonesian partner for new LNG crew

‘Let’s shout about what we’re doing’, says gas body SGMF as it turns 10

Excelerate Energy unveils emissions cuts in first ESG report

Peninsula positions its new LNG bunker vessel baby off Gibraltar

Qatar presses start button on world’s ‘largest’ LNG expansion project

Comment: Shipping splutters as key choke points feel the pressure

Greek tanker sales accelerate with lucrative MR and aframax deals

‘Disbelief’ in bulker earnings surge holds back S&P market, for now

Seaspan confirms move into car carriers in huge order with Hyundai Glovis

‘Maintenance neglect’ blamed for fatal sinking of Stellar Daisy VLOC

Samsung Heavy Industries shakes up top management team and appoints new CEO

Sustainability

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Green Seas: A mountain to climb at COP28 after new targets shift IMO from laggard to leader

COP28: Hoegh Autoliners strikes new deal to fill ammonia supply gap

Every dollar spent on fuel savings onboard will save $10 in future supply, says report

Broker Alibra outlines limits and pitfalls of FuelEU ship pooling plan

Pacific Basin secures first sustainability-linked loan facility

Green Seas podcast: Will mining the seabed help or hurt the environment?

Sea Cargo Charter ups benchmarks to line up with IMO and invite shipowners

Viewpoint

Looking beyond the engine: COP28 needs to focus on the availability and scalability of fuels

Broker SSY launches carbon calculator to smooth path into EU ETS

WinGD underwrites ammonia engines with Chinese yard

EU Commission and Nordics pour cold water on Med nations’ pleas to defer ETS

COP28

Shipping CEOs demand date for ban of fossil-only newbuildings

Maersk backed C2X inks 300,000 tonnes green methanol deal

RINA develops LNG-fuelled newcastlemax with hydrogen production plant on board

Special report: Making the leap to greener fuels

EU’s Club Med countries push for early emissions trading review to protect ports

COP28

COP28: Shipping to state its case in battle for new fuel stocks

Graham Hoar brought in to lead new future fuels team at US broker Poten & Partners

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Green Power: The people driving shipping’s sustainability transition

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Green Power: Michael Webber says ‘ESG has taken on a life of its own, in productive and counter-productive ways’

Viewpoint

Carl-Antoine-Saverys says rules on ammonia use are not keeping pace with maritime’s desire to decarbonise

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Green Power: Masahiro Ito wants to turn the ocean into a power grid

Minsheng bulker officer ‘absent-mindedly’ dumped bilge water off Australia

Greek interests linked to $71m swoop for Norwegian PSV trio

WinGD underwrites ammonia engines with Chinese yard

Unity Maritime says ultramax bulker undamaged in Houthi attack

Boxships

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breaking

Maersk settles $44m Ever Given lawsuit against Evergreen, BSM and Shoei Kisen

MSC hit with multimillion-dollar claim from bankrupt US retailer

MPC Container Ships raises outlook despite weak market, hives off more vessels

Interview

Shadow of Gaza war looms as Zim faces ‘difficult times’

Danaos adjusted earnings slip just below analyst expectations amid container market challenges

CMA CGM sees profits plunge again with new capacity to ‘pull down freight rates further in 2024’

SFL locks in neo-panamax charters and upgrades with Maersk and Hapag-Lloyd

Next three years are ‘critical’ in the race to decarbonise, says MOL’s Hashimoto

MSC is largest owner of vintage container ship tonnage

Norway’s North Sea Container orders ‘world’s first’ ammonia-fuelled container ship

K Line profits slide as dry bulk and box ships struggle

Lomar refinances six ships and lifts transactions with Macquarie to $150m

‘Substantial overcapacity’ darkens Moody’s view of container shipping

Nailed it: Matson reports profit at upper-end of analyst-beating guidance

Silk Alliance sets out plans to put green container corridor into action

Hapag-Lloyd and Norsul form Brazilian cabotage operator

new

Transworld falls just short in bid to delist Shreyas Shipping

European Commission rips up the rulebook by ending block exemption

Maersk and Musk team up to provide Starlink internet to 330 container ships

Clarksons looks through the eyes of cargo owners as it reveals freight cost pain

Drugs

Seafarers jump into water after crystal meth found on Thai tug

MOL and Bapco Energies hook up on carbon capture and storage

Euronav lifts VLCC newbuilding tally in China after Frontline deal

Panama Canal disruption could linger into 2025, warns Clarksons’ Steve Gordon

EU Commission and Nordics pour cold water on Med nations’ pleas to defer ETS

‘Hazing’ or sexual abuse? US Coast Guard court still grappling with case dating back nine years

Insurance

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Norwegian Hull Club calls time on the marine insurance ‘super cycle’

Marine underwriters poised to respond to Houthis’ Red Sea hijack

P&I clubs target seek 7.5% general increases, claiming rates are ‘inadequate’

Insuring offshore wind? Whatever happens, it’s going to cost you

Insight

Ukraine grain corridor beats the odds to prove an unexpected success

UK P&I Club and Britannia to raise premiums at February renewals

X-Press Feeders pays £20m into court as claims battle looms over X-Press Pearl fire

Norwegian Hull Club branches out with offshore wind venture NIORD

Israel to compensate owners for ships damaged in Hamas war

Steamship Mutual to hike rates as insurer rewards members with $25m windfall

Broker Gallagher predicts a ‘manageable’ P&I renewal for shipowners

Marine insurers back UK shipping analytics start-up CetoAI

Maersk ship cuts short Greek trip after container catches fire

First Greek shipowner uses new, Ukraine-protected grain corridor

Shoreline takes on P&I executive Simon Swallow

Former Wallem managing director Peter Cowling dies

Marsh-led Ukraine insurance package on the way as shipping activity picks up

Insurer Skuld doubles its profits as underwriting and investments improve

IUMI 23

Insurers still working on state-backed deal for Ukraine grain

IUMI 2023

Stephen Catlin’s Convex view of marine insurance pays off

Okeanis asks SEC to step on the gas to allow shares to trade in New York on 11 December

Houthis may be using old data as bombed boxship’s past links to Zim emerge

US targets Sovcomflot again in new price cap claims

US blames Iran for Houthi attacks and mulls response

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Green Power: The people driving shipping’s transition

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Green Power: John Cooper moves from Formula One to daddy cool

Jobs

Feight Operator

Senior Operations Manager Dry Bulk Shipping

Grain Compass Kft

Shake-up of EU maritime safety and pollution laws clear first hurdles

latest

OOCL-chartered boxship safe after Red Sea drone strike, says UK owner

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Green innovators: Maritime technology flowers but needs demand, reality and clarity to flourish

Vroon continues offshore sales by offloading wind farm ships to Monjasa’s CBED

Galaxy Leader owner says nothing more can be achieved by holding crew hostage

Investor Spetalen sells last PSVs for massive profit as offshore bet pays off

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