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  • Diana capesize finds new work with Koch Shipping

    Diana Shipping is set for sharply reduced revenue from one of its capesize vessels, brokers say. The 177,000-dwt Houston (built 2009) has reported been fixed by Koch Shipping for 14 to 17 months at $10,500 per day. The ship is coming off a one year charter to Clearlake Shipping at $19,000 per day. Diana could not be reached for immediate comment.

    Dry cargo  tradewindsnews.com 34 minutes old Trond Lillestolen

    Germany learns harsh lesson in life: You reap what you sow

    Ownership of vessels is still flowing out of the country as the financial fallout continues from over-ordering ahead of an inevitable economic correction

    Weekly  tradewindsnews.com 38 minutes old Paul Berrill

    China Minsheng Trust makes strategic stride into offshore

    Beijing-based trust has gone from secondhand bulker acquisitions to corporate asset plays alongside China Merchants Group

    Finance  tradewindsnews.com 40 minutes old Bob Rust

    Capital Gas inches up LNG order tally at Hyundai Heavy

    Low newbuilding price for options and allure of market prospects could entice others, with slots to follow suit

    Gas  tradewindsnews.com 40 minutes old Lucy Hine and Irene Ang

    Insurers battle it out in Brillante Virtuoso $77m 'scuttling' trial

    Eyes of marine insurance world on UK high court as war risk underwriters attempt to prove owner deliberately caused the loss of suezmax tanker

    Insurance  tradewindsnews.com 41 minutes old Adam Corbett

    JLT snatches sought-after NYK Line P&I account from Aon

    Insurance broker JLT has won one of the biggest protection and indemnity accounts in shipping after it snatched the business of Japan’s NYK Line from rival Aon. Blue-chip NYK’s diversified fleet of 720 owned and chartered vessels ranks it among the top-five shipping companies in the world and makes it one of the most sought-after accounts in the P&I broking business. JLT launches fresh P&I push

    Insurance  tradewindsnews.com 42 minutes old Adam Corbett

    Chinese buyer snaps up ageing bulker from Ocean Freighters

    Greek bulker owner Ocean Freighters is said to have sold a 17-year-old panamax bulker to a Chinese buyer. Brokers say the 74,000-dwt Pontonikis (built 2002) has been sold for about $7m, in contrast to estimates of $7.3m to $9m by VesselsValue and Maritime Strategies International. Ocean Freighters paid compatriot Maran Dry Management $56.5m for the DSME-built ship, then named Anangel Gallini, i

    Ship Sales  tradewindsnews.com 43 minutes old Trond Lillestolen

    Contships moves in on two deals for seven feederships

    Nikolas D Pateras-led company seeks to grow feeder fleet

    Ship Sales  tradewindsnews.com 44 minutes old Harry Papachristou

    The new power behind Poten & Partners

    BGC Partners achieved a long-term goal to enter shipping when it acquired Poten & Partners. Top executives at both companies tell TW+ about the drivers of the deal and what the future holds for the venerable brokerage

    TW+  tradewindsnews.com 49 minutes old Andy Pierce

    Carnival says its scrubber washwater is clean

    Study finds scrubber discharge complies with land waste water discharge limits

    Casualties  tradewindsnews.com 54 minutes old Adam Corbett