TradeWinds | Latest shipping and maritime news

Overseas Shipholding Group shifting into time charter mode as rates pick up Hoegh LNG Partners shareholders demand answers on take-private offer Embattled cruise sector loosens Covid protocols while recovering from pandemic Efficiency drive ahead as mutual insurer TT Club appoints Ong as chief financial officer Qatari LNG giant Nakilat ups first-half earnings and flags fresh charters Greek tanker player Pyxis swings to profit and promises to spend cash wisely ‘We’re looking to grow on all fronts,’ says Case, as Clarksons flexes its muscles ‘Long shadow of Covid demand destruction’ finally over for OSG NYK Line to take over Sovcomflot LNG carrier newbuilding quartet Tanker S&P frenzy spills over to VLCCs with Angelicoussis sale

Hoegh LNG Partners shareholders demand answers on take-private offer

Overseas Shipholding Group shifting into time charter mode as rates pick up

Cruise and Ferry

Embattled cruise sector loosens Covid protocols while recovering from pandemic

Meet the lawyer whose life work has been confronting Greek shipping fraud

‘We’re looking to grow on all fronts,’ says Case, as Clarksons flexes muscles

Tanker S&P frenzy spills over to VLCCs with Angelicoussis sale

Qatari LNG giant Nakilat ups first half earnings and flags fresh charters

UPDATE 1

Ukraine grain exports keep rolling but first glitches appear

Cruise and Ferry

Genting’s unfinished cruise behemoth could sell for $1bn, but who would want to buy it?

Efficiency drive ahead as mutual insurer TT Club appoints Ong as chief financial officer

NYK Line to take over Sovcomflot LNG carrier newbuilding quartet

Now online Click and read latest edition of TradeWinds

People

Engineer Ian Revell to take over CEO hot seat at Sigtto

Lightship Chartering brokers poached for new SSY office in Genoa

Braemar hires former Clarksons people guru Beckwith to help drive growth

Shipbroker SSY to open Italy office with hires from local rivals

Tanker broker-hungry Oil Brokerage snaps up Affinity pair

Seafarer support hubs face Covid-fuelled challenges

Hapag-Lloyd poaches former Rickmers man to head newly formed asset division

New Clarksons digitalisation chief Schroder looking to expand his team

Slideshow

The sun shines on Hafnia’s summer party in Geneva

Paul Tivnan stepping down as Ardmore Shipping CFO after 12 years

Master refuses to yield command of Saint James tanker in Yemen

Slideshow

Baltic Exchange Singapore revitalises summer social at historic Eden Hall

Newsletter

How Omar Nokta landed at the bank that’s been covering shipping as long as he has

Ukraine’s silver seafarer generation for hire during war

Tanker captains in distress warn of risks to crews and shipping

Low-profile Mytilineos shows face at Propeller Club members’ day

Analyst Omar Nokta back to work leading Jefferies’ shipping coverage

BP’s trading & shipping lead Carol Howle says stay curious

London shipping lawyers bring football home

Hill Dickinson promotes two new partners in Piraeus

Greek tanker player Pyxis swings to profit and promises to spend cash wisely

Singapore appoints new chief executive of Maritime and Port Authority

Spot market

After 569 loss-making days, Baltic Exchange VLCC reading finally breaks zero

‘Long shadow of Covid demand destruction’ finally over for OSG

‘Standout’ shipbroking earnings fuels record Clarksons profit with dividend up

‘More negatives than positives for dry bulk market’, says Fearnley Securities

Newbuildings

Navibulgar tipped to be splashing out on four eco-lake bulk carriers

Altera misses bond payment as Brookfield-backed shipowner in talks with lenders

Insight & Opinion

After 569 loss-making days, Baltic Exchange VLCC reading finally breaks zero

‘More negatives than positives for dry bulk market’, says Fearnley Securities

Summertime sadness for capesize bulker spot rates as rout continues

Suezmax market strength helping to boost VLCC rates, says Braemar

‘Buy at any size, any price’: tankers sell like hot cakes

Viewpoint

Shipping is between a rock and a hard place over supply chains

Comment

Flag states and shipowners should stop skimming a profit off Putin’s war

Ultra-long-haul voyages boost VLCC prospects

VLCC asset price spike not a repeat of 2008 ‘super-cycle’, says Poten

VLCCs to benefit from China crude imports returning to growth, says Poten

BRS: what happens to tanker markets if the Ukraine war lasts into 2025?

SSY’s English says corrections may be coming but S&P booming for now

Viewpoint

Black Sea grain deal is too important to give up on

India set to import more Russian crude in July than China

‘Worst is in the rearview mirror’: BTIG upgrades International Seaways as VLCCs rise

Wavelength

Russian rockets go against the grain for Black Sea shipments

BRS explains why tankers could enter ‘golden age’ from 2024

Flex LNG well-placed with term charters and tighter market ahead

VLCCs make big strides as rates near zero and suezmaxes keep rising

Container ship order boom cools as market dips and yard prices soar

Japan’s Kyoei Tanker registers loss in tough market, plans bulker sale

Lightship Chartering brokers poached for new SSY office in Genoa

Turkey’s Besiktas protests innocence as hit with anti-Russia sanctions in Norway

Major shareholders look to take Seaspan parent private with help from ONE

Shipbuilding revenue lifts Yangzijiang earnings during the first half of 2022

Spot market

Capesizes have ‘forgettable week’ as spot market sentiment weakens

ESG

See all articles

Shipyard group Navantia to build hydrogen electrolyser plant

Rotterdam and Singapore sign up for longest green corridor

Green Seas: How much green fuel it would take to bring US shipping to zero carbon?

‘Significant impact’ from IMO carbon reduction measures, warns Maersk’s Soren Skou

Methanol moves up the agenda in alternative fuel choices

Scorpio Group takes fresh decarbonisation tack with fuel emulsion tests

Most container ships fail to meet IMO carbon reduction measures, says report

Wah Kwong teams up to look at onboard carbon capture and storage for bulkers

Viewpoint

Shipping is between a rock and a hard place over supply chains

Biden administration proposes expansion of ship speed limits to protect endangered whales

Supply chain disruptions break ONE's emissions intensity reduction winning streak

Ardmore Shipping swings away from ‘expensive leases’ with new refinance deals

Newsletter

Green Seas: As talk of cutting carbon at sea increases, so do emissions

Global Centre for Maritime Decarbonisation-led consortium launches $18m biofuel trial

‘Unprecedented demand’ pushes Matson carbon emissions up by 17%

Carnival teams up with GoodFuels to pioneer biofuel bunkering on large cruise ship

MOL installs its first telescopic hard sail on a bulk carrier

‘ATMs on board’: Wartsila says interest increasing in scrubber retrofits

Capital Link

Trafigura: Decarbonisation is an ultramarathon, not a sprint

Columbia’s O’Neil wants tie-ups to hit green goals

Greece’s Star Bulk earns back $250m scrubber spend with huge bulker profit

Frangou becomes Navios Holdings’ majority owner after converting debt to shares

Four more bulkers cleared to carry Ukrainian grain as export plan accelerates

Tidewater expecting rich day rates as offshore market begins to pick up

Eagle Bulk books tenfold increase in second-quarter net profit

Editor’s selection

More geopolitical tension, Ukraine’s grain gambit and the red hot tanker S&P market

Insurance

See all articles

Insurer warns ‘safety affected’ by military exercises off Taiwan

Insurer Hiscox to join Lloyd’s insurance facility for Ukraine

UK dodges global insurance ban on Russian oil to keep cargo moving

Broker Aon sees financial pressures easing on P&I clubs

Insurers have an ‘appetite’ to cover Ukraine grain exports

Insurers preparing to step in to support Ukrainian grain exports

Insurance for Ukraine grain exports to come ‘at a reasonable price’

Swedish Club sets August date for new office opening in Singapore

Allianz warns inflation could leave ships underinsured

Insurers calm on Ukraine total loss claims despite looming deadline

Insurer SCOR turns to data to improve its marine business

Decarbonisation rules will require a ‘shift in mindset’, say insurance experts

Veteran tanker partially destroyed by fire in Colombia

Britannia P&I logs $25m loss as claims and costs rise

S&P expects Norwegian Hull Club to earn more premium

Soaring Black Sea spot rates attracting dubious operators

Supplementary call strengthens London P&I Club finances

American Club losses grow as claims overshadow premium hike

Swedish Club head Lars Rhodin upbeat as he prepares to bow out

Insurer Norwegian Hull Club drops its P&I business

Eni snaps up Exmar’s Tango FLNG unit and an FSU in bumper Congo deal

Dry Bulk

Black Sea grain market sniffs rate surge as Ukraine safe-corridor traffic gathers steam

Shipbroking

Braemar hires former Clarksons people guru Beckwith to help drive growth

Japan’s Iino adds bulker newbuilding after earnings boost from 94-ship fleet

Product tankers enjoy strongest month on record, Clarksons says

China Merchants scores LNG charter contracts worth up to $2.5bn from Sinochem

LNG

See all articles

NYK Line to take over Sovcomflot LNG carrier newbuilding quartet

Eni snaps up Exmar’s Tango FLNG unit and an FSU in bumper Congo deal

China Merchants scores LNG charter contracts worth up to $2.5bn from Sinochem

New Fortress grows FLNG ambitions with two new sites in Mexico

GasLog LNG steamship installed as floating storage unit for Greek terminal

Japan’s NYK takes Russian LNG write-down as containers and dry bulk surge

Indonesia’s Silo Maritime linked to agreed sale of GasLog LNG carrier

TotalEnergies LNG carrier time charter chatter rumbles round market

GasLog Partners agrees sale and charter deals on two steam turbine LNG carriers

LNG carrier market dynamic has been ‘permanently altered’

Production on Golar’s FLNG unit Hilli to be inched higher as gas prices soar

Period and spot LNG rates disconnect as charterers seek winter cover

Flex LNG well-placed with term charters and tighter market ahead

GasLog LNG fleet’s CO2 emissions rise but average carbon intensity cut

Hoegh LNG fleet is ‘sold out’ with newly free FSRU

Prelude FLNG strike ratchets up with unit unable to export cargoes in hot market

GasLog-backed FSRU project looks for second LNG ship to cope with demand

Marubeni invests in Australian FSRU LNG import project

Shell’s Prelude FLNG unit shuts down again in battle over pay

Energy major Uniper seeks aid from German government amid gas crunch

De Stoop explains how Frontline and Euronav will operate ‘as one’ without merger

Star Bulk chops interest costs with $310m of new loan deals with ING, SEB and Citi

AP Moller-Maersk keeps buying, now Danish project logistics company Martin Bencher

German ship finance guru takes board role at Global Ship Lease

Cruise and Ferry

Viking Line set for big profit from selling ‘loyal servant’ ropax

Eneos-linked VLGC sold to UAE-based interests in $56m deal

Boxships

See all articles

Maersk boss Soren Skou places faith in contracts as spot rates slide

AP Moller-Maersk keeps buying, now Danish project logistics company Martin Bencher

Major shareholders look to take Seaspan parent private with help from ONE

German ship finance guru takes board role at Global Ship Lease

Long-haul shipping has sold batteries short, say US researchers

Greek owner gets top dollar price for feeder container ship

Jefferies keeps Danaos confidence as container ship charterers become ‘conservative’

‘Tough talks ahead’ as container shippers seek to renegotiate contracts

‘Unwise’: broker Hanse says container ship sellers and tanker buyers have missed the boat

Container ship port congestion hits new record, says Clarksons

Supply chain disruptions break ONE’s emissions intensity reduction winning streak

Ocean Network Express logs record $5.5bn profit as freight rates soar

Africa Express Line orders conventional reefers in Japan

Container carriers back boxship boom to run with 2023 fixtures

Ocean Shipping Reform Act’s congestion-busting powers questioned

Container shippers urge ‘immediate review’ of European antitrust laws

X-Press Feeders sells small container ship as it cashes in on vintage vessel values

Container ship order boom cools as market dips and yard prices soar

Lomar Shipping finance chief promoted to CEO of Libra Group

Ocean Yield buys methanol container ship resale for Zim charter

Briefcases full of cash used to pay Saint James tanker towage

Chinese start-up Sunne lifts tanker fleet to five with suezmax duo

Engineer Ian Revell to take over CEO hot seat at Sigtto

Performance returns to profit as aframax day rates almost double

Singapore bans Glencore from selling bunkers for two months

Maersk boss Soren Skou places faith in contracts as spot rates slide

Interview

Cheilas to steer NRF Greece amid ‘deal frenzy’, ‘versatile’ times

Zacho ready to start ‘dream job come true’ as head of Navigator Holdings

New Clarksons digitalisation chief Schroder looking to expand his team

Shipping on green course but needs help to get there, Kaptanoglu says

More back-door IPOs are coming like it or not, says Maxim Group’s deal maestro

Swedish Club head Lars Rhodin upbeat as he prepares to bow out

For Angeliki Frangou’s Navios, newfound resiliency opens door to fresh opportunities

Navios Partners corporate governance of the ‘highest standard’, Frangou says

Being present at Navios’ office throughout the pandemic: ‘You have to give comfort’

Amid questions over dividend, Frangou keeps focus on ‘total return’

For Angeliki Frangou, inefficiency is the one certainty in shipping’s outlook

Banker turned shipowner Andy Dacy sounds caution, but not on LNG

Radziwill: Don’t expect ‘super-spikes’ in capesize spot rates later this year

Gaby Bornheim shifts the focus back onto German owners

New Odfjell boss Fotland is his own man but there will be no ‘revolution’

Saverys seeking to ditch Euronav board as battle lines drawn

WTW’s Abraham upbeat as broker emerges from collapse of Aon takeover

Sterling Shipping founder Fjeld: ‘People thought I was an idiot’ for buying bulkers

Roger Harrison asks ‘what’s next for shipbroking?’ as he takes helm at Gibson

Frontline’s Barstad blames ‘old-fashioned’ methods for talking down tankers

Offshore giant Tidewater trims losses as CEO heralds ‘inflection point’

Altera Infrastructure’s second quarter dragged into red by impairment charges

Teekay Corp sells last FPSO amid the hunt for new opportunities

Cheniere Energy delivered 70% of its LNG exports to Europe in first half 2022

Genco forecasts higher shareholder payout for third quarter

Summertime sadness for capesize bulker spot rates as rout continues

Offshore

Tidewater expecting rich day rates as offshore market begins to pick up

Eneti mulls sale of vessel trio to ‘capture the spread’ between asset values and shares

Teekay Corp sells last FPSO amid the hunt for new opportunities

Singapore’s Keppel chases Petrobras FPSO contracts worth $5.8bn

Maersk Supply sells two laid-up AHTS ships with rates riding high

Solstad Offshore sells again as it fixes trio of construction ships

BP in hot water over FPSO scrapping plan in Scotland

Offshore recovery: Standard Supply reveals term PSV deal at $30,000 per day

Danish owner NKT moves closer to $305m wind farm contract

Ostensjo providing ships as Norway demolishes Arctic mining camp

Takeover of seismic shipowner Green Energy Group hits the buffers

Offshore wind vessel monitoring firm raises €11m to expand

Bourbon teams with RWE to bid for floating wind projects in the Med

Cadeler and Seaway 7 clinch ‘record-breaking’ wind turbine deals

Clarksons Platou finds research answer on the Holm front

American Shipping’s $157m offshore splurge could be first of many

Maersk Decom to be wound up after handing over last contract to Petrofac

Navigare Capital diversifies into offshore after selling its largest container ship

Fred Olsen Windcarrier admits defeat on Oslo IPO

Keppel and Sembcorp Marine set to give birth to green ‘powerhouse’

Genco Shipping delivers bigger profit and makes good on dividend pledge

Shipyard group Navantia to build hydrogen electrolyser plant

New Fortress grows FLNG ambitions with two new sites in Mexico

Tsantanis expresses market optimism ‘for years’ after record Seanergy profit

Europe struggles to wean itself off Russian LNG as imports surge

Update

Yemeni forces intervene to end Saint James crew standoff

Business Focus

See all articles

How financiers stepped in when Pangaea Logistics had two ships and the client wanted four

Newsletter

Streetwise: Stars align for shipping’s alternative financiers

NIBC Bank: a billion reasons to look after the small and medium-sized owner

With bank funding still on the wane, Hudson Structured toasts a ‘powerhouse’ alternative

Banker turned shipowner Andy Dacy sounds caution, but not on LNG

Shipping comes home to world’s top ownership nation

Mountain of container ship cash fills Greek owners’ coffers

Special report

Greeks strike it lucky with natural gas investment

Special report: New ambitions blossom in Greek shipping

Born in adversity, Greek start-ups seek synergies

Greek shipping’s new digital in-crowd eyes global markets

Special report: Five fuels that will power the future of shipping

Dr Lynn Loo: Piloting shipping’s move into alternative fuels

Wind propulsion accelerator aims to take small developers through ‘valley of death’

Methanol first-mover Waterfront Shipping says fuel ‘safe and reliable’

Special report: Seafaring life in an era of change

Decarbonisation

Race for trained seafarers is on — as dual-fuel orderbook grows

Green transition requires commitment to safe crewing levels

Fleet Management prods its shipowners to make ready for 2023

Bringing seafarers on board to data-led platforms is crucial

Late and many dollars short, Florida’s new seafarer centre takes shape

Euronav says war dislocation has ‘further to run’ for tankers as it cuts loss

Baumarine bulker pool beats Baltic benchmark in second quarter

Pioneer Marine eyes expansion after management buy-out in buoyant markets

Euronav: VLCC time charters showing signs of life as terms stretch

Long-haul shipping has sold batteries short, say US researchers

Jobs

Chartering Manager

Multimax Shipping Pte Ltd

Experienced Operations Executive

Multimax Shipping Pte Ltd

(Senior) Business Developer

Angelicoussis Group

Shipping/Investment Analyst

Marine Practice Leader

TradeWinds is part of NHST Media group. To read more about NHST Media Group, click here