TradeWinds | Latest shipping and maritime news

Evermore Global slashes stakes in Genco Shipping and Scorpio Bulkers Crude tanker market in bloodbath as shipowners face negative returns IRISL hit with more sanctions, chief executive blacklisted Buzby steps down from MarAd role after Capitol riots Capesize spot rates hit three-month high amid futures rally Cleaves Securities expects bulker stocks to finally close gap with NAV this year Port of LA's holiday volumes double amid 'Covid cargo crunch' Wallem chief executive Frank Coles resigns for unspecified crew welfare role ‘Sudden change’ as shipowners respond to charterers and regulators call for greener ships Eidesvik Offshore and Golden Energy scoop wind farm charters

Crude tanker market in bloodbath as shipowners face negative returns

Evermore Global slashes stakes in Genco Shipping and Scorpio Bulkers

Ship Management

Ship management

Wallem chief executive Frank Coles resigns for unspecified crew welfare role

IRISL hit with more sanctions, chief executive blacklisted

Affinity buys Grieg Asia in major Asian capesize chartering push

Ending tanker attacks more complicated than electing Biden

'Symptoms not causes' of piracy being tackled in Gulf of Guinea

Capesize spot rates hit three-month high amid futures rally

Buzby steps down from MarAd role after Capitol riots

Decarbonisation

‘Sudden change’ as shipowners respond to charterers and regulators' call for greener ships

Cleaves Securities expects bulker stocks to finally close gap with NAV this year

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Insight & Opinion

Questions raised: Prosecutor says no evidence of threat to crew on 'hijacked' Navios tanker

DNV GL says further class mergers are ‘not part of the plan’ after name change

European recycling rules tied in knots with capacity cut off

Scrap prices tipped to breach $500 barrier as interest spirals

New lockdowns will have 'profound' effect on suffering tanker market, Cleaves says

Market analysis

Scorpio Tankers says BP refinery closure creates need for 18 extra MRs

Capesize spot rally signals 'improved times' for dry bulk sector

Market analysis

Tanker tonne-mile picture brightens for next two years

A birth, a suicide and a rebound: these 10 stories were the most read by TradeWinds subscribers

Tanker rates could improve in 2021, despite expected difficulties

'This is the new normal': Read 40 shipping players' perspectives on what's changed for the sector

Uncertain, unexpected and unprecedented: the 10 most shocking stories of 2020

This is a humanitarian crisis. Here's what you can do to help seafarers

Ten things shipping learned to do in 2020

Panamax rates continue to fall amid 'bloodbath' in Pacific

Digital shipping: Is data the new oil — or just snake oil?

Is a Diamond S 'prexit' next on the WL Ross to-do list?

'The currency of 2021 is emissions': Parker plots way forward for banks

The results are in: first Poseidon Principles report reveals banks' green compliance levels

UN agency rules governments’ handling of crew crisis is 'unlawful’

LNG

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New Fortress set to build 13-vessel fleet with Hygo-Golar Partners buy

Hot LNG shipping market seen as possible stronger seasonal trend

Jovo buys steam-turbine LNG carrier from Mitsui OSK Lines

New Fortress Energy buys Troim's Hygo and Golar LNG Partners in shock $5bn deal

Record $350,000 spot rate paid for LNG carrier rocks market

Flex LNG comes back for another round of share buybacks

Maran Gas linked to $368m LNG carrier order at Samsung Heavy

South Korean yards score $3bn Mozambique LNG orders — but with conditions

George and Christos Economou sued for ‘sabotaging’ LNG carrier sales

Hot LNG carrier charter rates can climb higher, Poten says

Probunkers applies for LNG bunkering license in Singapore

Study finds LNG-fuelled VLCCs can save $8,000 per day

Golar rockets back near pre-deal pricing on record day for stock market

Maran Gas swoops on berth at SHI as Total nears chartering choice

Celsius Tankers locks away its unfixed LNG carrier trio to Cheniere

Titan LNG doubles LNG bunker barge fleet with Antwerp unit

Novatek plans to send LNG cargo through Northern Sea Route in December

LNG steamship debate rages as shipowners discuss their future

Golar shares move lower after dilution from surprise equity deal

Cleaves downgrades LNG shipowners but sees super-cycle from 2025

Eidesvik Offshore and Golden Energy scoop wind farm charters

Two bulkers report suspicious approaches in Gulf of Aden

VLGC rate surge reverses as product margins tighten

Armed robbery against ships remains a serious concern in Asia

Two dead after gas leak on BW Offshore FPSO

S&P

Cape Providence goes under the hammer for a hefty $18.1m

People

Video

Bernhard Schulte’s karaoke kings ‘get loud’ with TradeWinds

Astaara expands following West of England investment

Japan sees first woman appointed as CEO of container terminal

Nor-Shipping postponed until 2022 due to worsening pandemic

Mercuria taps Singapore fund manager for new source of finance

Amazon's Jeff Bezos names rocket recovery ro-ro after his mother

The return of Peter Georgiopoulos: veteran shipowner back in game with swoop on UACC

Fearnleys CEO Sorensen quits to take charge at Avance Gas

Arne Fredly calls 80% of listed shipping companies 'pure fraud'

Seafarer dies after knife fight on tanker off Taiwan

Navigator Gas gets new director as BW Group deal closes

Diamond S Shipping parts ways with top commercial officer after tough year

Eimskip's first female reefer chief officer is just one of the team

Rio Tinto names a former Maersk CFO as its new CEO

New Oman Shipping boss plots fleet renewal and charter talks

Shipowner pair moves into top Greek construction firm

Navig8 Group carries out cuts in chartering staff on reduced pool numbers

Shell brings in Karrie Trauth as new head of shipping

Norden's head of legal leaving five months after being hired

Swartz promoted to president of Holland America Group

Stock analysis

Recent surge in dry share volumes a revival, or more 'fits and starts?'

Shoreline keeps lid on rates at Athens Blue War Card renewal

New Fortress buys Hygo and Golar LNG Partners in $5bn deal

ESG

Maersk assembles new 50-strong team to transform its fleet

VIDEO

Shiploader fire knocks out berth at Vale terminal in Brazil

Fujairah bank arrests another GP Global tanker as auction fails

Weekly Edition

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Twenty years after General Maritime, Peter Georgiopoulos takes a different view on public markets

Shell and Trafigura take product tankers on period deals to kick-start 2021

Profile

Norwegian broker teams up with quarry group to charter bulkers

Eastern Pacific Shipping unmasked as buyer of six LNG-fuelled boxship newbuildings

Yara Marine accelerator unearths battery system with 'five times energy of lithium-ion'

Oshima opens the door to Greek orders after 45 years of shunning its shipowners

Greek owners in talks for long VLCC period charters amid improved mood

BW Group swoops on Navigator Holdings in $197m deal for WL Ross stake

Shell linked to upcoming LNG-fuelled VLCC order haul at DSME

New Normal

Kristin Holth: 'We need to make a deep dive into how resilient we are'

George Logothetis wins first round of 'commercial fraud' dispute with investor

US commodities trader sued after leaving bulkers in the lurch

Trafigura in another chartering spree for product tankers

Team Tankers tidies company for potential sale

Maersk Tankers sells 14 product tankers to CDB Leasing

End of China coal ban will release more ships than expected

Would-be buyer arrests Alpha Bulkers capesize amid Chinese coal discharge delay

Marina Hadjipateras: shipping start-ups will need to learn the language of data

Clarksons reveals 27% of orderbook to use alternative fuels

Stopford and De Stoop look at bright side of new emission rules

Shell tops list of Singapore’s bunker suppliers in 2020

Japan sees first woman appointed as CEO of container terminal

Japan's shipping banks confident in face of growing competition

New Fortress builds 13-vessel fleet with Hygo-Golar Partners buy

Stock analysis

Public dry bulk owners may face long path to winning investor attention

Navios Acquisition sells 17-year-old VLCC at strong price despite weak freight market

Insurance

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P&I

Big data could play key role in reducing ship casualties

Shoreline keeps lid on rates at Athens Blue War Card renewal

Freight-rate insurance is on its way from firm that launched first fuel-price cover

IUMI head Turner takes newly created marine role at Victor Insurance

Ince does not need another 'major transformational' deal

Containers lost from ONE Apus leading to 'extraordinary costs'

Pacific Carriers fined $12m in US over ‘multiple’ pollution incidents

Video

Insurers pay out $900m as car carrier claims soar

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

Palau asks Venezuela to look into scrapped tanker voyage

BP decries ‘baseless’ claim its fuel supply was linked to Wakashio disaster

Video

Bernhard Schulte’s karaoke kings ‘get loud’ with TradeWinds

Astaara expands following West of England investment

Robert Maersk Uggla sounds note of caution over soaring rates

Ship recycling

Petrobras scraps another tanker in renewal drive

Boxships

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Robert Maersk Uggla sounds note of caution over soaring rates

Buyers emerge for Maersk ships in 'second death of P&O Nedlloyd'

Maersk assembles new 50-strong team to transform its fleet

Boxship giant Atlas Corp fills CFO role with ex-Maersk man Graham Talbot

Comment

Zim's asset-light IPO strategy might not be as watertight as outfit and analysts think

Matson expects much higher profit off China business

Zim chases 'proper chance' to break shipping's 5-year IPO drought in New York

'Patent troll' ropes Hapag-Lloyd into infringement disputes

Zim files papers to start 2021 with New York shipping IPO

DSME terminates $770m containership order over unmet conditions

Ocean Network Express locks in world's largest boxship newbuildings in deal with Shoei Kisen

Booming boxship markets scupper Samherji's second offer for Eimskip

Insurers draw battle lines ahead of decision on ONE boxship claims

PIL multipurpose vessel suffers fire in New Zealand port

HOLD chops MPC Container Ships stake but retains trust in bosses

Frangou entities escalate sale of legacy boxships

'MSC is buying everything. It's a good sign for the market'

George Logothetis wins first round of 'commercial fraud' dispute with investor

Maersk gives all employees a grand Christmas with surprise bonus

Containers lost from ONE Apus leading to 'extraordinary costs'

Enesel returns to bulkers with ultramax newbuilding pair

Cruise and Ferry

MarAd ponders future of world’s first atomic commercial vessel

Questions raised

Prosecutor says no evidence of threat to crew on 'hijacked' tanker

Infographic

Clarksons rate index rises further after strong start to 2021

Former regulator says market mechanisms better for carbon cuts

Mercuria taps Singapore fund manager for new source of finance

Interview

Robert Maersk Uggla sounds note of caution over soaring rates

Market mechanisms better to cut shipping emissions, says former European regulator

DNV GL says further class mergers are ‘not part of the plan’ after name change

Trash to treasure: Maersk intensifies plastics clean-up work

'It's important that everybody sees themselves as a role model for someone' — Temi Binitie

'Black swans come in flocks': What Trafigura's shipping chiefs learned in 2020

Trafigura to shrink tanker fleet on bearish freight market view

New TMV fundraising push takes Marina Hadjipateras back to her roots

Marina Hadjipateras: shipping start-ups will need to learn the language of data

Citizen of the world Ina Lutchmiah takes challenges in her stride

Stopford and De Stoop look at bright side of new emission rules

Ince does not need another 'major transformational' deal

ZeroNorth's carbon-cutting software to be integrated with fleet management platform

Trials and tribulations: Studying shipping under lockdown

Braemar goes ‘back to the future’ as shipbroker Gundy takes helm

Lois Zabrocky: the Iowa farm kid who made it to the C-suite

Maritime Asset Partners 'building out' its team and its portfolio

'Once in shipping, always in shipping' — Platsidakis knows next career path

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

UK charity thinks outside the box to bring seafarers home

S&P market

Capesize fetches ‘crazy price’ amid new year bulker boom

IMB calls for action as West African kidnappings surge

S&P market

Eastmed clinches deal to buy tanker newbuild trio from Evangelos Pistiolis

P&I

Big data could play key role in reducing ship casualties

Egypt plots bulker ownership through new operating company

UPDATE

Maersk crew thwarts two pirate attacks; LNG carrier approached

Business Focus

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The New Normal

Anita Gajadhar: Building resistance in an 'ever-changing global environment'

New Normal

Fabiola Hernandez: A return to the pre-Covid-19 environment looks unlikely

'This is the new normal': Read 40 shipping players' perspectives on what's changed for the sector

New Normal

Abdulkareem Al Masabi: Now is the time to 'act strategically with a long-term vision'

New Normal

Jens Martin Jensen: Why shipping's future makes it worth going back to chemistry class

New Normal

Iro Gidakou: Out of the challenges for seafarers, some opportunities can emerge

Greek shipping looks to an era of opportunity

Greece tries to boost its flag but may fall short

Dorian LPG ‘a thousand times more educated’ on crew change after crisis

George Papadakis: a ship repair broker for all seasons

'Once in shipping, always in shipping' — Platsidakis knows next career path

Greek shipping looking to turn crisis into opportunity

Marine risk

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

Marine risk

Pandemic exerts pressure on marine insurance sector

Marine risk

Shipping braced for increases in insurance rates

Marine risk

Marine insurers step up environmental social and governance strategies

Ship design

Marine technology groups divest even as digitalisation speeds up

Ship Design

Where is shipping’s Elon Musk and Tesla?

Ship design

Digital ecosystems aim to connect shipowners, start-ups and technology giants

Ship Design

Autonomous ship projects that are reshaping what's possible

Tanker spin-off must wait as Stolt moves on sea farm IPO

Tufton Oceanic now 'fully invested' after snapping up another boxship

DNV GL says further class mergers are ‘not part of the plan’

Sentek Marine sends old VLCC for recycling as storage volumes decline

Harren & Partner latest owner to join offshore wind market

Newbuildings

China’s Oriental Energy to splash $300m on VLGCs at Jiangnan

Offshore

Harren & Partner latest owner to join offshore wind market

Eidesvik Offshore and Golden Energy scoop wind farm charters

Restructured Bourbon to sell or scrap more than 100 ships

Edison Chouest cuts deal for PSV battery power installation

Seacor Marine and CMB strike 46-ship deal for crew transfer business

Van Oord signs for biofuel-powered wind farm cable layer at Vard

Ziton raising $54m to buy wind vessel for Siemens contract

GLDD plans Jones Act fallpipe vessel for US offshore wind market

Siem Offshore unit sells idle anchor-handler in Canada

Solstad avoids buying $122m ship by fixing it in South America

China confronts rig and offshore vessels off Malaysia

OHT grabs share of $406m Norwegian financing for turbine project

PGS launches UK court action to bring rebel lenders on board

Simon Mokster divests PSV headed to serve Turkish power sector

Almost impossible to win decent rates in 'dark' days for PSVs

DOF tasks subsea CFO Jan Nore with clinching $2bn refinancing deal

OHT eyes $2bn of wind charters and main Oslo listing

DOF wins round more banks but rebels blocking vessel accounts

Keppel secures mystery $440m offshore renewable vessel order

Banks take back Hermitage PSV fleet at 62% of outstanding debt

NYK Line orders staff to work from home due to Covid-19 spike in Japan

Tor Olav Troim fetches more for Hygo in sale than in public markets

Union Maritime boosts LPG fleet with order at Hyundai Mipo

Hot LNG shipping market seen as possible stronger seasonal trend

Maersk Product Tankers sells wind-powered ship to Indonesian owner

Newbuildings

Latsco Shipping books VLCC pair at Hyundai Heavy Industries

Jobs

Representative – Japan

Representative – Japan

Triomphe Shipping Pte Ltd

General Manager - Singapore

General Manager - Singapore

Triomphe Shipping Pte Ltd

Operations Voyage Manager

Operations Voyage Manager

Experienced dry bulk and project brokers

Experienced dry bulk and project brokers

Lightship Chartering

Commercial Director/Manager (Chartering)

Commercial Director/Manager (Chartering)

Susesea Holdings Pte Ltd