TradeWinds | Latest shipping and maritime news

Eagle Bulk chief engineer pleads guilty to two counts in bilge water probe Canal congestion lifts Atlantic MR rates, but rally could stall as cargoes dwindle in Europe Editor’s selection: CMB’s defeat, ETS moves forward and celebrating women in maritime KARMOL’s first FSRU for Brazil gears up to start operations in July Product tanker owners would welcome return of jet fuel volumes, Bimco says China’s Russian imports plan could double VLCC rates, analysts say TW+ special edition: Shipping in the crosshairs of Ukraine war Golden Ocean CEO: Panamaxes have been the ‘unsung heroes’ of 2022 Densay resumes expansion drive with Fredriksen kamsarmax pair MPCC’s Baack says charters more attractive than ship sales

Eagle Bulk chief engineer pleads guilty to two counts in bilge water probe

Canal congestion lifts Atlantic MR rates, but rally could stall as cargoes dwindle in Europe

China’s Russian imports plan could double VLCC rates, analysts say

Weekly

IMO faces carbon clash, Sovcomflot’s sell-off, CMA CGM inks raft of orders

Norway turns up its nose at Singapore court judgment in Feen case

Editor’s selection: CMB’s defeat, ETS moves forward and celebrating women in maritime

Container ship boom doubles MSC owner Gianluigi Aponte’s fortune

TW+ special edition: Shipping in the crosshairs of Ukraine war

How shipping is paying the price for Putin’s war on Ukraine

Densay resumes expansion drive with Fredriksen kamsarmax pair

TMS Cardiff Gas named as paying ‘quite remarkable’ price for LNG newbuilding duo

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LNG

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Sovcomflot LNG carrier order cancelled in South Korea after payment missed

Titan inks deal to supply LNG and bio-LNG to Brittany Ferries

Golar LNG wins Snam tender to supply first FSRU for Sardinia

Petronas’ chosen shipowners ink LNG newbuilding deals with yards

Eastern Pacific boosts its LNG carrier fleet as bank sells former Sovcomflot quartet

Flex LNG ‘upbeat’ on fixing redelivering tonnage in strong market

Flex LNG takes a pop at International Seaways’ efforts to block Fredriksen’s moves

Indian charterer targets Hoegh LNG regasification ship for arrest

Singapore LNG deploys MOL’s Q-Max sized FSRU as unit awaits Hong Kong job

European LNG buyers’ hesitancy may delay new supply and import facilities

Hoegh LNG confirms two FSRU deals with Germany

Knutsen OAS Shipping confirms fresh LNG carrier newbuilding order

Price squabbles over LNG carriers holds up QatarEnergy’s first South Korean orders

Petronas slims yard selection and lines up owners for LNG ship haul

Outlook

GasLog Partners targets open ships at strengthening LNG market

China’s CNOOC doubles up on LNG newbuildings with NYK Line sextet

Fresh $20m equity injection shows shareholder support for Hoegh LNG

GTT sees potential to lift global yard LNG berth slots to 70 vessels each year

Ship orders drop 47% but LNG carriers buck trend as prices rise

New Fortress shifts to next approval stage for US Gulf FLNG unit

ESG

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Eagle Bulk chief engineer pleads guilty to two counts in bilge water probe

Tanker master’s exit sparks spat as Peru pursues lawsuit over oil spill

Streetwise: Why shipowner savings on ESG-linked loans have been ‘token’ to date

IMO set to designate the Mediterranean Sea an emission control area

Carbon pricing proposals redrawn to account for developing economies

No one objects to sanctions on Russian coal — but what about grain?

IMO bid to set 2050 decarbonisation goal faces last-minute challenges

James Marshall's Berge Bulk investing $1bn in decarbonisation drive

Comment

Shipping contract change, decarbonisation’s low-hanging fruit, is sitting on the vine

What changes do women want to make the industry a fairer place to work?

GoodFuels teams with Itochu to supply biofuels in Asia

BP reveals huge carbon storage and hydrogen project in Texas

Scorpio backs UK battery company in maritime decarbonisation drive

EU parliament set to approve shipping’s entry to ETS after committee vote

Scandlines fits rotor sail to a second hybrid ferry

Neste pilots marine fuel that claims 80% lifecycle GHG reduction

Louis Dreyfus to trial Spanish start-up’s new suction sails

Eastern Pacific to trial ‘plug and play’ carbon capture solution on MR tankers

Cory enters CO2 shipping deal with Northern Lights group

London and New York move to meet legal challenges of Russia sanctions

Dorian LPG adds $50m from latest VLGC leaseback sale

Cyberwar: Beware the bear bearing malware

Update

Tanker mega-merger moves forward after Euronav triumphs in board vote

Malaysia Marine & Heavy Engineering swings back into the black

Columbia bets big on planned tanker service centre in Greece

ForestWave orders its biggest ships yet as fleet renewal kicks off

Insight & Opinion

Tanker boost: Biden aims to get more Venezuelan oil into Europe in sanctions easing

VLCC newbuilding orders will require a ‘leap of faith’, says Poten

Car carriers in the fast lane as charter rates hit all-time highs

Pressure builds on the floodgates of container ship demolition

Unsustainably low: why an analyst finds Eneti ‘too cheap to ignore’

Gibson Shipbrokers questions Baltic Exchange benchmark as VLCCs continue to lag

Scale of India’s Russian crude imports laid bare as 16 more tankers fixed

Spot rates

Capesize bulker market forges ahead, buoyed by robust demand

Only two of 22 listed bulker owners earned above-market rates in 2021, but there’s a good reason

Torm reports rapid rise in TCE product tanker rates this year

European refineries add fuel to fire in aframax and suezmax tanker markets

Baltic Exchange calls on industry to share ‘real-world’ carbon data

Pareto: Euronav/CMB.Tech merger would be ‘strange’ ahead of tanker supercycle

Is carbon capture and storage shipping’s next big thing?

Europe’s quest for energy security spurs rethink on North Sea oil

Wavelength

Product tankers are surging but has the oil rush got legs?

Container ship owners forced to settle for less as lines cancel sailings

Newbuild prices set to surge as raw material cost rise squeezes yards

Double top: shipping markets hit 30-year record highs, says Clarksons

EU world’s top LNG importer in first quarter as volumes from Russia surge 50%

Wavelength

Ukraine’s sinking of Sovcomflot casts spotlight on Russia business

Broker Braemar set to beat profit consensus after strong start

UPDATE

Can the Saverys clan block the Euronav-Frontline merger?

Brave emerges victorious in Gibraltar handysize auction

It’s coming home: shipping’s premier football tournament makes post-pandemic return

Maritime lawyer Chark vindicated in $8m battle

Tw+

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Ports remain in the hackers’ crosshairs

How shipping is paying the price for Putin’s war

Putin can’t count on Xi to ride to the rescue

TW+ special edition: Shipping in the crosshairs of Ukraine war

Europe wakes up to siren call of LNG, but has it missed the boat?

Waves of war could swamp container shipping

London and New York move to meet legal challenges of Russia sanctions

Europe’s dirty habit feeds the flames of Putin’s war

‘Hurricane of hunger’ threatens millions unless Ukraine can get its grain to market

As Russian tankers head into the dark, will Venezuela and Iran come in from the cold?

Ukraine conflict puts marine insurers in the firing line

‘Did I do the right thing?’ Ukrainian officer reveals agony of choosing between family, work and country

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

UPDATE

Braemar clinches deal to be UK ministry of defence’s shipbroker

Maersk trial paves way for NATO to deploy civilian tankers in a crisis

Streetwise: Why shipowner savings on ESG-linked loans have been ‘token’ to date

Seaspan adds to newbuilding pile with more LNG container ships

Analysis

Activity in the Atlantic not enough to make up for lack of Chinese demand for VLCCs

Newcomer Al Seer Marine snaps up Sovcomflot VLCCs and gas carriers

Boxships

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Euroseas fixes first newbuildings into 2026 at nearly $50,000 per day

CMA CGM pencils in fresh raft of 8,000-teu container ships at HHI

Doubling of contract rates and ongoing congestion fuel confidence at Zim

Seaspan adds to newbuilding pile with more LNG container ships

Tufton Oceanic down to last container ship as it buys bulk carrier

Global Ship Lease signs long-term container ship fixture at ‘attractive rate’

Danaos celebrates ‘exceptional’ quarter amid changing sentiment

Euroseas splashes out $86m on options for container ship duo at Hyundai Mipo

French newspaper accepts CMA CGM buyout offer

Global Ship Lease profit soars due to higher rates and lower debt costs

NYK Line expects liner markets to ‘settle down’

Swiss authorities pulled into US spat between MSC and shipper

Asia to US West Coast container freight rates suffer biggest drop in six months

Shipping brings home more bacon than Seaboard’s pork and commodities units

MSC lined up to charter Seaspan Corp’s latest $1bn container ship order

Container freight rates tipped to rebound as market bottoms out

MSC targets bigger neo-panamax newbuildings, say reports

Container ship owners forced to settle for less as lines cancel sailings

Liner shipping 'parties on' with profit to tune of $300bn in 2022

Interasia Lines orders container ship trio from Japan yard

Navios Holdings returns to loss after paying $24m loan fee tied to $550m financing package

Euroseas fixes first newbuildings into 2026 at nearly $50,000 per day

Tanker boost: Biden seeks to get oil into Europe by easing Venezuela sanctions

Product tanker owners trumpet giant rate jumps in second quarter, outpacing crude brethren

HCOB raises €500m from first bonds backed by ship mortgages since sell-off

Ukraine special

Ports remain in the hackers’ crosshairs

People

Markus Lindbom is new head of shipping at Stena group as Carl-Johan Hagman quits

David Turnbull calls time on lengthy career at Pacific Basin

Disgruntled Navios shareholder Sherwood renews attacks on stalled dividend

Dry cargo man takes top job at shipbroker SSY

‘Cried wolf too often’: Son of London shipowner jailed in crude deal case

Paolo d’Amico would rather buy than be bought as he talks tanker strategy

Lloyd’s Register Foundation appoints a new chief executive

Hoegh LNG brings in BCG’s Erik Nyheim as new CEO

Gary Vogel doubles compensation in record year for Eagle Bulk

Tanker wars continue as John Fredriksen builds Euronav stake

As Idan Ofer builds stake in tanker owner Ardmore, intentions remain unclear

Backup plan? John Fredriksen moves on New York’s International Seaways

Harald Fotland steps up to replace Kristian Morch as Odfjell boss

Stephenson Harwood mix it up with a night of ‘ice cold’ quizzing

Klaveness adds former Clarksons Platou and DNB execs to drive mergers and acquisitions

Passion for ships and risque humour: tributes to shipping doyen Jim Davis

Cruise shake-up: Josh Weinstein new Carnival CEO as Arnold Donald steps down

Arnold Donald: Important to get ‘next generation in’ to lead Carnival

Cargill’s Jan Dieleman to take over as chairman of Global Maritime Forum

Hill Dickinson’s charity mission inspires shipping sector to ‘Stride to Singapore’

W Marine dips toe in ice-class market with German ship buy

Saverys clan makes last-ditch $22m Euronav stock move before key vote

Clarksons Platou Securities ‘shifts to neutral’ on Golden Ocean Group

Russia sanctions

Sovcomflot LNG carrier order cancelled in South Korea after payment missed

IMO set to designate the Mediterranean Sea an emission control area

Ukraine special

No one objects to sanctions on Russian coal — but what about grain?

Insurance

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Sanctions bind: Havila Capella stuck in port after Norway rejects insurance waiver

Gard’s revenue tops $1bn as the mega mutual pulls further away from the P&I pack

Broker Gallagher predicts more P&I mergers within a year

‘Competition is good’: Gard boss responds to the challenge of consolidation

Insurer Skuld hit by $15m loss as investments turn negative

North P&I and Standard Club highlight financial benefits of merger as they woo members

Navium Marine and AXA XL join Poseidon Principles for Marine Insurance

X-Press Pearl among casualties to hit Swedish Club free reserves

Japan P&I Club and Tokio Marine join forces in Singapore as clients move

Shipowners’ Club reports underwriting profit despite rising claims

Greece arrests laden Russian tanker over EU sanctions

Stephen Martin to retire as Steamship Mutual chief executive

MS Amlin and Hydor bid to unite fixed premium insurers

Norwegian Hull Club to strengthen its London outpost

Hyundai Glovis steps up car carrier fire prevention measures

Insurer Beazley shakes up its underwriting team

S&P upgrades Gard’s outlook after strong results

Marine rates continue to rise as Lloyd’s of London reports $3bn profit

Insurance brokers Marsh and Aon close Russian operations

UK P&I Club to refresh underwriting team with new hire

German shipping ‘back on track’ says new VDR president Gaby Bornheim

BW LPG sells another VLGC as Maas Capital buys more of Indian venture

Carbon pricing proposals redrawn to account for developing economies

Smaller bulkers face decarbonisation catch up, says Anglo-American

MPCC builds earnings backlog to $1.4bn with fresh charters

CMA CGM pencils in fresh raft of 8,000-teu container ships at HHI

Interview

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

Chemical tanker returns remain a frustration for Niels Stolt-Nielsen

Maersk's Christiansen: 'It's an emergency, but hitting net zero by 2040 is doable'

Disgruntled investor Ned Sherwood steps up his call for Navios Partners changes

Variant need not spell 'doom and gloom' for clean tankers, freight analyst says

Kristoffersen says it's 'painful' leaving Klaveness after 15 years

'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

Ukraine special

Putin can’t count on Xi to ride to the rescue

Tanker master’s exit sparks spat as Peru pursues lawsuit over oil spill

TradeWinds Shipowners Forum

James Marshall’s Berge Bulk investing $1bn in decarbonisation drive

IMO bid to set 2050 decarbonisation goal faces last-minute challenges

Cruise and Ferry

Lim’s new venture: Resorts World Cruises kick offs with former Genting HK cruise ship

Golden Ocean cuts breakeven rate with $275m refinancing as rates rise

Business Focus

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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

ESG special report: How maritime is starting to embrace blue sky agenda

One day sustainability financing ‘will just be called financing’ as lenders rewrite rules

On sustainability journey, NYK Line aims to link ESG to executive pay

LGBT+ inclusion at sea lags behind shoreside progress

Business focus: P&I faces the perfect economic storm

P&I clubs get the data bug as they seek to add value

Comment

Casualty costs weigh heavily on financially stressed P&I clubs

Turk P&I goes international as its business grows

150 years of Swedish Club history

Carbon outlook

Su Yin Anand: What is preventing shipping from moving faster to cut carbon? 'I suggest it is fear'

Carbon outlook

NYK's Hitoshi Nagasawa: An 'obligation' to play a prominent role in drive to net zero

Baumarine pool pays extra for ‘better than described’ Japanese bulker

Ole Hjertaker: SFL’s ‘paranoia’ will stop investments from destroying promising markets

Globus Maritime orders two more bulker newbuildings

Analysis

Crude tanker owners keep singing same song as rates tick upwards

Singapore Forum

Vale pledges to help China find new sources of iron ore

Ukraine’s stranded seafarers facing impossible choices

Jobs

Experienced Fleet Operation Professional - Singapore

Experienced Fleet Operation Professional - Singapore

Experienced Fleet Operation Professional – Europe

Experienced Fleet Operation Professional – Europe

Chartering Manager

Chartering Manager

Chartering Manager - Hong Kong

Chartering Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Salesperson / Account Manager

Salesperson / Account Manager

NHST Media Group

Underwriting and Marketing Manager

Underwriting and Marketing Manager

Nordisk Skibsrederforening (Nordisk Defence Club)

Tanker Chartering Broker

Tanker Chartering Broker

Eastern Mediterranean Maritime Limited

Dry Cargo Broker

Dry Cargo Broker

Intermar Chartering (UK) Ltd.

Tanker Market / Investment Analyst

Tanker Market / Investment Analyst

N.S. Lemos & Co. Ltd.

Manager, Insurance & Legal (Hong Kong)

Manager, Insurance & Legal (Hong Kong)

Pacific Basin Shipping (HK) Limited

Junior and Senior Shipbrokers

Junior and Senior Shipbrokers

Oslo Shipbrokers AS

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