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