TradeWinds | Latest shipping and maritime news

Ever Given held as Suez Canal Authority seeks $916m in claims Israeli car carrier undamaged after attempted attack, owner says Reefer giant Seatrade spearheads takeover of Geest Line Biden administration could push new maritime policies The fittest of shipowners can survive the age of ESG finance Monjasa bunker volumes hit record high in 'disrupted' global markets Yard backlogs lengthen as owners pile in for $41bn of ships since October Wartsila testing predictive maintenance system on NYK LNG carriers Norwegian AHTS rates top NOK1m for first time since 2018 Denmark's Norden scores big on kamsarmax resale

Update

Israeli car carrier undamaged after attempted attack, owner says

Ever Given held as Suez Canal Authority seeks $916m in claims

Order boom

Yard backlogs lengthen as owners pile in for $41bn of ships since October

Reefer giant Seatrade spearheads takeover of Geest Line

UPDATE

Ifchor and ClearBlue Markets form new carbon trading venture

Tribute

Fredriksen salutes ‘skilful and clever’ rival Angelicoussis

The fittest of shipowners can survive the age of ESG finance

Biden administration could push new maritime policies

Expansion

Adnoc L&S bumps up growing VLCC fleet to eight with two buys

Dellaportas brothers split and divide the Meadway Shipping dry-bulk fleet

Norwegian AHTS rates top NOK1m for first time since 2018

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People

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Shipping boss Oddbjorn Slinning steps up to run law firm Sands

Idan and Batia Ofer launch maritime scholarship fund in Singapore

Magnus Fyhr returns to US analyst circles with positive view on tankers

Greek shipping icon John Angelicoussis dies in Athens

Italian businessman caught up in US sanctions after mistaken identity

Braemar places bet on former gambling boss Nigel Payne as new chairman

'Tragic loss': renowned arbitrator Emmanuel Gaillard dies aged 69

Melanated Mariners shines light on black contribution to shipping

Profile

Windstar Cruises' Belinda Bennett: 'I refused to be broken'

Stephenson Harwood poaches lawyer Kirsty MacHardy from CJC

Harris Antoniou returns to shipping with leasing start-up backed by Latsis family

SSY's London S&P head Dominic Parker leaves after 21 years

Andi Case waives 20% of bonus as overall pay drops to $4.3m

On Watch

‘Shipping prodigy’ gets to the top, 30 years on

Analyst asks whether rival is lurking with a bid for Diamond S Shipping

On watch

Success is sweet for BW LPG in shipping bake-off

Finance expert Martine Bond appointed Clarksons' third female director

Trolls target Egypt's first female captain with fake claims after Suez Canal grounding

Top Shell crude executive said to be leaving after a decade

Weekly Edition

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Navios Maritime Holdings shakes out its sole handysize bulker in rising market

Suez Canal Authority seeks private settlement over Ever Given claims

Greek shipowners pile on tanker newbuildings from Far East yards

Cosco eyes China shipyards for $3bn containership spree

More VLECs take Eastern Pacific orderbook to $4.7bn

Oldendorff Carriers orders new ultramaxes and snaps up post-panamax duo

Shake-up in Copenhagen as 'green' commercial platform launches from BW Dry

Diamond S Shipping to pay Marinakis up to $34m to end management

International Seaways acquiring Diamond S Shipping in mega-deal

Marshall Islands on climate front line as nation clings to existence

Centrofin and Aegean Shipping boost tanker orders in the Far East

CMA CGM poised to sign $1.74bn deal for 12 LNG-fuelled boxship newbuildings

Vintage VLCCs fetch strong prices in demolition and secondhand markets

Celsius Shipping splashes out $63m on two Chinese-built MR resales

Zodiac picks up former Eletson tanker pair after dispute with Chinese lessor

Once-sanctioned aframax tanker heads to Bangladesh for scrapping

Cruiseship sold by Royal Caribbean emerges in fleet of Greece's Marios Iliopoulos

ArcelorMittal green-lights stalled iron ore project in Liberia

CMA CGM eyes $1.2bn deal for up to 20 newbuildings

Navios Logistics poised to pounce as Uruguay ends fuel monopoly

Socar offloads ageing oil tankers in below-the-radar deals

Consolidation

Navigator buys Chile's Ultragas in $390m all-stock deal to create LPG power

U-Ming marks sustainable finance debut, as Seaspan returns for more

CMA CGM aims to rebuild blast-hit Beirut port for up to $600m

Boxship boom could wipe out MPCC's net debt by 2023

Invesco takes big step back from GasLog Partners

Boxships

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Containerships shine in otherwise flat week for US-listed owners

Borealis offloads sub-panamax pair on the back of busy market

Hapag-Lloyd selling five boxships in transatlantic service upgrade

CMA CGM launching first liner offering using biomethane

Global Ship Lease backers selling $65m stake

Maersk’s ‘sweeper’ boxship returning empty containers to Asia

Teo family members depart as Temasek puts its stamp on PIL

Navios Maritime Partners closes out containerships acquisition

Canal closure

Ever Given moves, but not enough to uncork the Suez Canal as queue soars to 327 ships

ESG

NYK Line seals $804m sustainability loans from Japanese banks

Suez Canal Authority threatens $1bn claim for Ever Given losses

Evergreen Marine sees ‘very low’ risk exposure to Suez Canal blockage

Seaspan back for six more neo-panamax boxship newbuildings

Strong winds blamed for previous Ever Given collision in 2019

Celsius Shipping sells containership for more than double the purchase price

CMA CGM eyes $1.2bn deal for up to 20 newbuildings

SITC splashes $192m on eight feeder boxships at Yangzijiang

MOL, NYK Line and K Line set to share $500m ONE dividend

Seaspan 'back with a vengeance' in $900m newbuildings deal

MSC adds boxship trio to continue remarkable spending spree

Euroseas continues to benefit from hot boxship market in latest fixture

Iain Ross steps down as Golar LNG chief executive

Greek prime minister leads tributes to the late John Angelicoussis

Incoming Braemar chairman Payne is a man of many interests

Outlook

Momentum grows as shipping enjoys best first quarter since 2008, says Clarksons

DNV logs record monthly total of LNG-fuelled newbuilding orders

Insight & Opinion

How North Star 'special sauce' clinched $376m Dogger Bank wind farm newbuild coup

Viewpoint

Warning signals over growing danger of false data to shipping

Poseidon Principles looks for personal touch to bring Chinese lenders on board

Gibson says 45 VLCCs and suezmaxes needed if Iran sanctions end

Italian businessman caught up in US sanctions after mistaken identity

Vitol reveals more than $1bn in renewables spending as fuel transition continues

Comment

Tanker owners face new normal as Opec+ nets hat-trick of surprises

Shipping hit as US and UK blacklist Myanmar's military-backed conglomerates

Shipping's 'record' first quarter sees US-listed stocks up 40%

Suez Canal incident highlights Shoei Kisen’s boxship ambitions

International Seaways doubles value with $2bn Diamond S mega-merger

‘Party is over’ for tanker owners as Suez Canal traffic resumes

Canal Closure

Clarksons Platou: No simple solution for trade to return to normal after Ever Given

Did wind and hydrodynamics combine to cause Ever Given casualty?

Suez Canal congestion sparks tanker bull run, with LR2s most favoured

Suez disruption spreads to armed guards sector as shipowners warned over security

Bulker markets and dry freight derivatives hit by correction in rates

Suez Canal congestion could lead to higher freight rates but more security risks

Shipowners seize on IMO ‘loophole’, but is it a false economy?

Bulker values rising by millions of dollars a week, analysts say

Oil trades

Gibsons says 45 VLCCs and suezmaxes needed if Iran sanctions end

Cruise and Ferry

Crystal offers Arctic July cruises off Iceland to vaccinated voyagers

Containerships shine in otherwise flat week for US listed owners

Tufton Oceanic linked to swoop for Nisshin chemical tankers

Hapag-Lloyd selling five boxships in transatlantic service upgrade

Turkey joins growing list of countries to ban open-loop scrubbers

LNG

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Shell books large LNG bunker vessel newbuilding with Pan Ocean

LNG carrier rates buoyed by period chartering interest

First LNG cargo due to arrive in Ghana during second quarter

Charter coverage and LNG to ring-fence Cosco tanker arm from market downturn

CMA CGM beats its own cargo record on LNG-fuelled Jacques Saade

Pilot LNG teams with Wison Offshore on FLNG unit for bunker port

Consultant Wavespec plans to spread its wings under new ownership

'Exponential growth': Cryo Shipping moves into Asia with new LNG bunkering hub

Braemar exits engineering sector with disposal of gas consultancy Wavespec

Details emerge of Qatar’s huge LNG carrier tender to owners

Shipowners pile in for Repsol’s single-ship charter deal

Qatar kicks off world's largest LNG carrier hunt with shipowner tender

Foresight’s Mehrotra eyes LNG fleet expansion for Shipping Corp of India

New Fortress buys two jack-up rigs for new FLNG units

Leif Hoegh & Co aims to take Hoegh LNG private in $214m tie-up with Morgan Stanley

Law firm looking for case in GasLog-BlackRock deal

Vitol and Mitsui sign up to offset carbon from LNG cargoes

Golar LNG Partners shareholders approve New Fortress Energy deal

LNG tonnage build up puts fresh downward pressure on rates

Flex LNG grabs more shares after quarterly earnings growth

Borealis hives off sub-panamax brace on back of busy market

Idan and Batia Ofer launch maritime scholarship fund in Singapore

Euronav adds $95m loan as green financing reaches 31% of debt total

Navig8 expands aframax pool in deals with Latsis, Marinakis and IMS

Shipping boss Oddbjorn Slinning steps up to run law firm Sands

Shell books large LNG bunker vessel newbuilding with Pan Ocean

Interview

International Seaways-Diamond S deal was more than a year in making

Oman Shipping gears up for five-year, 35-ship green expansion drive

Oman Drydock Co set to realise its full potential

Oman Shipping cashing in on scrubber-fitted VLCCs

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Reunion of old ex-DVB friends who keep their distance

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung targets bulker and pools expansion

Profile

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

BW performance platform ‘could be a game-changer’

Men just need to see us in action, says female captain

Belships eyes more ultramaxes as asset prices tipped to rise by 25%

The passion for safety that drives one of shipping’s youngest CEOs

Berglund reflects on life in Hong Kong and rebuilding Pacific Basin

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

Navig8 VLCC pool keeps up Glencore chase after bad bunkers

Box blaze into sixth day after Interasia vessel ordered back to port

Avenir LNG 'turns the corner' as charterers form a queue for new ships

MPCC upgrades earnings for a second time this year

Transport Capital to represent Hamburg Commerical Bank in Asia

Poseidon Principles looks for personal touch to bring Chinese lenders on board

Offshore

Crowley sees lucrative, long-term opportunity in wind

Bondholders take over last Polarcus ship and buy Fugro's seismic business

Odfjell family takes over Oceanteam as it focuses on wind power

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Clarksons takes $84m finance and offshore hit, but broking stays strong

Equinor keeping on Esvagt SOV for another five years

Tidewater confident the worst of Covid-19 is behind it

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

Banks take over Polarcus seismic vessel fleet hours after owner defaults

Kristian Siem loses control of Siem Offshore as banks move in

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

UPDATE

Greek shipping icon John Angelicoussis dies in Athens

Super-Eco Tankers is back at Hyundai Mipo for tanker newbuilding

EGPN Bulk Carrier orders kamsarmax bulker at Chengxi Shipyard

S&P

Castor Maritime takes 2021 secondhand purchase tally to nine ships

Robbers target Oldendorff, Melodia and Kyla vessels in Singapore Strait

S&P

Moundreas steps up tanker sales with fleet renewal in sight

Tw+

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Maria Angelicoussis: Making her mark at Maran

Elisabeth Grieg: ‘I am too impatient. Someone has to go first’

Andi Case: You can’t ignore the empire he has built

Procopiou sisters: Siblings move centre stage

Meet 30 people who will shape shipping's future

Kathrine Fredriksen: Reading the runes of a Norse saga

Christian Oldendorff: Seizing the economic potential of technological leadership

Cameron Mackey: Scorpio's quiet man on with a hand on the tiller

Alexander Saverys: CMB harnesses hydrogen in the battle against black swans

Ren Le Tian: Rebuilding Yangzijiang, his way

Andy Dacy: Veteran has seen a lot of markets and he likes what's to come

Andreas Sohmen-Pao: BW boss aims to be on the right side of history, by helping to shape it

20 questions with Radziwill: ‘Dude, how come we’re not a lot richer by now?’

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

20 questions with Sam Ka, HHI's digital dreamer

Cash and carry | Will shippers pay the price for carriers to go green?

Shipping’s new dawn — it’s early days yet

Idan Ofer looks on the bright side

The ship that went ashore to become a hotel

Fredriksen poised to lose all but a sliver in Seadrill restructuring

Outlook

Niels Stolt-Nielsen 'not worried' about ageing tanker fleet

Scorpio Group bags Onex newbuilding as 50th vessel in LR2 pool

Cruise and Ferry

Global Ship Lease backers selling $65m stake

Cruise and Ferry

Florida sues Washington over putting cruise on 'brink of financial ruin'

NEAR MISS

It was 'almost too late' for drifting ship as Smit urged Norway to act

Business Focus

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Spotlight

Decarbonisation is the new frontier for ship managers

Spotlight

Pandemic proves ship management is a people business at heart

Intermanager sees second-party partnerships and standards as way to attract owners

Spotlight

Crew change not as bad in Covid-19's second wave, but problems persist

Spotlight

Ship managers faced their toughest test in crew-change crisis

Spotlight

Technology the silver lining of virus as catalyst for change in ship management

Spotlight

Covid-19 uncovered mental health issues that must not be forgotten

As traditional pipeline runs dry, new ship management business models emerge

P&I renewal talks to tackle ‘perfect storm’

P&I

International Group stays calm over eye-watering casualty bill

P&I

Pandemic increases insurers' focus on crew well-being and mental health

P&I

P&I casualty costs soar in the age of mega ships and tougher environmental standards

P&I

Technology to the rescue in clamour to seal deals ahead of renewal D-day

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

Kim Heng Oilfield & Marine refocuses on clean energy verticals

Trafigura launches carbon desk amid renaissance of niche market

Great Eastern spree continues with deal to buy Eastern Pacific LPG carrier

ESG spotlight

How investors are holding US shipowners to account

Growth in Nordic marine insurance continues to outpace London

Aon urges International Group to open up about P&I pool claims

Jobs

VLGC Ship Broker (LPG)

VLGC Ship Broker (LPG)

E. A. Gibson Shipbrokers Limited

Head of Sale & Purchase / Projects – London-based Shipmanagement Company

Head of Sale & Purchase / Projects – London-based Shipmanagement Company

Account Manager, Multiple publications

Account Manager, Multiple publications

NHST Global Publications

Chartering Manager - Santiago

Chartering Manager - Santiago

Pacific Basin Shipping (Chile) Limitada

Dry Bulk Operator (M/F), Luxembourg

Dry Bulk Operator (M/F), Luxembourg

Capesize Chartering, Panamax Chartering, Sale & Purchase

Capesize Chartering, Panamax Chartering, Sale & Purchase

BANCOSTA (ORIENTE)

Contract Manager - Hong Kong

Contract Manager - Hong Kong

Pacific Basin Shipping (HK) Limited

Transportation Finance Lawyer

Transportation Finance Lawyer

Oceonix Services Ltd.

Technical Manager (Full Time) – Hurghada, Egypt

Technical Manager (Full Time) – Hurghada, Egypt

United Marine Egypt