Iran strikes in Strait of Hormuz as Middle East tanker tensions explode

Stena and Norbulk vessels captured in latest Middle East shipping drama

Tankers  tradewindsnews.com 19 Jul 18:29 GMT Matt Coyne , Michael Juliano and Andy Pierce

Golden Ocean Group puts $400m in shares on the shelf

John Fredriksen-backed bulker owner's market capitalisation stands at $969m.

Dry cargo  tradewindsnews.com 19 Jul 15:50 GMT Michael Juliano

'Electric' capesize bulker rates climb to highest level since 2010

Capesize rates has reached its highest level since October 2010, with earnings almost 10 times above where they sat three months ago. Factors driving up the market read like a shipowner's dream. Vale VLOC scrubber fitting 'undoubtedly' set to boost soaring capesize market Strong iron ore prices; seasonality, increasing iron ore exports, vessel undersupply in the Atlantic, volatile bunker price

Dry cargo  tradewindsnews.com 19 Jul 15:27 GMT Holly Birkett

Public Greek owners shed supramax tonnage in busy summer market

Two major Greek shipowners have continued fleet renewal efforts by offloading supramax bulkers as the sale and purchase market shows no signs of a summer slowdown. Both Angeliki Frangou’s Navios Maritime Holdings and Petros Pappas-led Star Bulk are believed to have offloaded older vessels from their respective fleets this week. Supramax owners cash in as sentiment turns bullish Petros Pappas ad

Dry cargo  tradewindsnews.com 19 Jul 14:33 GMT Andy Pierce and Harry Papachristou

Alma Maritime capesize reported sold as S&P market responds to rate rise

Brokers report a string of capesize deals in the sale-and-purchase (S&P) market this week, in a further sign of growing buying appetite for dry bulk carriers amid a rising freight market. Capesize transactions have been few and far between in the first half of this year. As the market improved over the past few weeks, however, an increasing number of deals is said to have occurred, according to

Ship Sales  tradewindsnews.com 19 Jul 14:10 GMT Harry Papachristou

Petrobras refuses to bunker two Iranian bulkers

Duo stranded in Brazil for weeks over lack of fuel.

Dry cargo  tradewindsnews.com 19 Jul 13:15 GMT Gary Dixon

OSM Maritime wins double management deal with DFDS

Bjorn Tore Larsen’s OSM Maritime has secured a two-ship deal with DFDS. OSM will provide both technical and crew management for two DFDS vessels trading between Norway and the UK. Larsen the lion sleeps with one eye open as he tracks his prey Thomas Mork, vice president of technical organization at DFDS, said: “With a major fleet under OSM management and our long relationship with them as crewi

Liner  tradewindsnews.com 19 Jul 12:47 GMT Andy Pierce

EF Marine targets Indian P&I sector

Singapore insurer wins approval to operate in sub-continent.

Insurance  tradewindsnews.com 19 Jul 12:36 GMT Gary Dixon

Teekay LNG Partners presses on with higher distribution payments

Teekay LNG Partners has stuck with its higher distribution levels for the second quarter following a one-third bump in its payout to investors earlier this year. Teekay LNG adds five years of new charters Lauritzen strikes seven-ship ethylene carrier pool deal with Teekay LNG Partners The MPL will pay $0.19 per unit for the second quarter, in line with the “significant increased” number seen in

Gas  tradewindsnews.com 19 Jul 11:22 GMT Andy Pierce

Jefferies rolls back tanker rate forecasts on Opec cuts and refinery maintenance

Jefferies has cut its crude and product tanker rate forecasts for this year amid Opec’s decision to keep the oil tap turned down and prolonged refinery maintenance. Shipping's supercycle 2020: could the fantasy turn into a reality? VLCC resale prices to pass $100m in up-cycle, says Fearnley Securities The downward revisions come despite the bank’s positive outlook for generally improving shippi

Tankers  tradewindsnews.com 19 Jul 10:50 GMT Andy Pierce