• More
  • Less
  • Search results for :
  • Nakilat brings in Al Jazeera to polish image

    On Watch: TradeWinds' weekly column taking a sideways look at shipping news

    Gas  tradewindsnews.com 5 hours old TradeWinds staff

    Investigators struggle to deliver incident probes to IMO deadline

    German accident investigator outlines how complex probes are putting a strain on resources

    Casualties  tradewindsnews.com 5 hours old Adam Corbett

    Volatile bunker prices contribute to capesize rate hike

    Period rates for bulkers are still holding firm, showing the strength of the market

    Dry cargo  tradewindsnews.com 5 hours old Holly Birkett

    Seven Islands adding five more tankers

    Prem Watsa-backed company still expanding after Torm and Sovcomflot deals

    Tankers  tradewindsnews.com 5 hours old Gary Dixon

    Downing extends summer sell-down of Braemar Shipping Services stock

    Downing has extending a summer sell-down of its holding in London-listed Braemar Shipping Services. The UK investor was Braemar’s leading shareholder at the start of this financial year in March but has now sold over half of that position. Downing dials down holding in Braemar Shipping Services A fresh filing today showed Downing to hold just 894,455 shares in the company. Its reduced 2.85% st

    Finance  tradewindsnews.com 5 hours old Andy Pierce

    Pirates seize 10 seafarers from cargoship

    Turkish vessel Paksoy-1 boarded off West Africa.

    Dry cargo  tradewindsnews.com 5 hours old Gary Dixon

    Tsakos Energy Navigation tanker heads for Total charter

    Total is being named as the charterer of a Tsakos Energy Navigation suezmax tanker which is switching from the spot market to period business. Enesel adds to crude tanker drive with suezmax duo at Samsung Heavy Industries Tsakos Energy Navigation strikes three-year suezmax tanker charter New York-listed TEN announced last week a 36-month deal worth $23m in revenue, without revealing further d

    Tankers  tradewindsnews.com 6 hours old Andy Pierce

    Cosco Shipping Development keeps $1.3bn private issue alive

    Cosco Shipping Development (CSD), the financing arm of Chinese state conglomerate China Cosco Shipping, is keeping its long-awaited CNY 8.6bn ($1.25bn) private issue alive. According to exchange filings, CSD has been exchanging opinions with China Securities Regulatory Commission lately over the issue of A-shares that will be listed on the Shanghai Stock Exchange. Cosco posts weaker 2018 results

    Finance  tradewindsnews.com 6 hours old Max Tingyao Lin

    Petrobras charters 10 product tankers in one fell swoop

    Union Maritime, Eastern Pacific and a trio of Greek owners among those to secure MR business in Brazil

    Tankers  tradewindsnews.com 7 hours old Andy Pierce , Joe Brady and Harry Papachristou

    Iran "hijacks" Iraqi tanker in Gulf

    UAE manager says Riah taken into Iranian waters in the last two days.

    Tankers  tradewindsnews.com 8 hours old Gary Dixon

    James Fisher buys tanker and wins deals for finding old bombs

    The handysize tanker will be used to fulfill a five-year Royal Navy bunkering contract.

    Tankers  tradewindsnews.com 8 hours old Holly Birkett

    Trafigura calls time on third-party deals

    Trader and shipowner will continue to use shipping agents, but there will be no new business development agreements.

    Tankers  tradewindsnews.com 8 hours old Gary Dixon

    Bob Burke's Ridgebury Tankers lines up $82m suezmax swoop

    Bob Burke’s Ridgebury Tankers is lining up the purchase of four suezmax tankers hot on the heels of a successful VLCC asset play, market sources say. Ridgebury is plotting the potential $82m move for four ships managed by Konig, TradeWinds understands. It would mark Ridgebury's first purchase this year and its first suezmax acquisition since 2016. Market sources say Ridgebury is seeking capita

    Tankers  tradewindsnews.com 9 hours old Andy Pierce

    Danish OSV owner files for bankruptcy

    Blue Star Line says cancelled charters proved the last straw.

    Offshore  tradewindsnews.com 9 hours old Gary Dixon

    Mercator stretches $16m bond repayment date

    Restructuring Indian owner amends terms of issue, but will pay more interest.

    Tankers  tradewindsnews.com 9 hours old Gary Dixon

    Odfjell sells terminal to Yangzijiang Shipbuilding for $46m

    Norwegian tanker owner "tags along" as partner LG offloads port interests.

    Finance  tradewindsnews.com 10 hours old Gary Dixon

    If you want to play it safe, real change must come from the top

    Senior management need to demonstrate a personal commitment and lay out a clear vision

    Weekly  tradewindsnews.com 11 hours old Christopher Wiernicki

    Philly Shipyard remains idle as cash burn goes on

    US shipbuilder still seeking new orders as it keeps on 80 staff

    Shipyards  tradewindsnews.com 12 hours old Gary Dixon

    LNG trading platform Spark Commodities prepares for launch

    LNG trading platform Spark Commodities has moved into testing phase and is gearing up to go live. Backed by data intelligence company Kpler and EEX Group-controlled Powernext, Singapore-based Spark is aiming to apply technology to the LNG market so players are able to hedge their freight rates. First Baltic Exchange LNG index to go live next week Spark managing director Tim Mendelssohn, who for

    Gas  tradewindsnews.com 12 hours old Lucy Hine

    Shipowners offer in on Shell LNG bunker vessel newbuilding

    Offers are now in from parties interested in providing energy major Shell with an LNG bunker vessel (LNGBV) newbuilding. Total and Shell float tenders for large LNG bunker vessels Those following the business said that, because the requirement is essentially a new design of about 18,000 cbm, some of the bidders needed more time to prepare. That led to the deadline being extended from 28 June to

    Gas  tradewindsnews.com 12 hours old Lucy Hine

    Embattled Zolotas wins rare court victory in Cyprus

    Ex-NewLead chief to call for money-laundering charges to be dropped as local judges cancel 2016 arrest warrant

    Legal  tradewindsnews.com 12 hours old Harry Papachristou

    Vroon seals three-year charter extension

    Dutch owner Vroon has clinched a three-year charter extension for an anchor-handler in Thailand. The 65-bp VOS Ares (built 2012) has been kept on by PTTEP, it said. This commits the ship until at least June 2022. The unit operates as a production-support vessel, forming part of PTTEP's core fleet. It has "performed well for PTTEP in the Bongkot field since October 2018," Vroon said. "The ex

    Offshore  tradewindsnews.com 13 hours old Gary Dixon

    Boskalis heavylifter hoists Carnival Vista from Caribbean

    Dutch contractor’s vessel completes loading operation in 12 hour non-stop operation

    Passenger ships  tradewindsnews.com 13 hours old Dale Wainwright

    Israeli group tries to block Grace 1 release

    Activist organisation goes to court in Gibraltar seeking damages for alleged Iranian terrorist acts.

    Tankers  tradewindsnews.com 13 hours old Gary Dixon

    Veronica continues to impact Rio Tinto iron ore cargoes

    Shipments by Australian mining giant disrupted for the second consecutive quarter.

    Dry cargo  tradewindsnews.com 16 hours old Dale Wainwright

    Forty passengers rescued from grounded Singapore ferry

    Accident involving high speed vessel said to have been caused by heavy rain and bad weather.

    Casualties  tradewindsnews.com 18 hours old Dale Wainwright

    Lindblad to make $44m off warrant exchange

    Sven-Olof Lindblad-led expedition cruise player expects to complete entire offer by August

    Passenger ships  tradewindsnews.com 22 hours old Michael Juliano

    Business as usual at AMP despite turmoil at parent company CLSA

    Series of defections rock Hong Kong investment bank, but shock waves have not hit shipowner

    Finance  tradewindsnews.com 23 hours old Bob Rust

    Ship & Shore Services sends ancient asphalt tanker to Alang

    Scrapping of Nigeria’s unwanted tanker fleet expected to accelerate ahead of IMO 2020

    Ship Sales  tradewindsnews.com 23 hours old Jonathan Boonzaier

    CLdN Cobelfret behind ro-ro order at Hyundai Mipo Dockyard

    Belgian shipowner orders newbuildings to replace order cancelled at Croatia's struggling Uljanik Group

    Passenger ships  tradewindsnews.com 23 hours old Irene Ang

    BW moves more Dorian shares

    The BW Group has sold off another chunk of Dorian LPG. This time, the Andreas Sohmen-Pao-led company dumped more than 600,000 shares, bringing its total position in the Connecticut-based LPG carrier owner under 7 million shares to 6.6 million. BW Group takes Dorian LPG selldown to $5.7m with latest share sales Last summer, BW attempted a takeover of Dorian LPG, but was rebuffed by founder John

    Gas  tradewindsnews.com 23 hours old Matt Coyne

    Parakou Shipping sued over damaged crane barge

    A Dutch offshore company is looking to seize a Parakou Shipping-owned bulker after one of its crane barges was damaged while unloading cargo. Conquest Offshore filed suit last Friday in Jacksonville, Florida federal court alleging concrete dust kicked up while the 35,200-dwt Pretty Team (built 2013) discharged concrete in Alabama in March caused at least $1.5m in damage to the nearby Conquest MB1

    Legal  tradewindsnews.com 23 hours old Matt Coyne


    Royal Caribbean heads to court over 'typosquatting'

    Talk about a bad typo. Royal Caribbean Cruises filed suit in Miami federal court last Thursday, alleging a Florida outfit called Catch All Investments violated trademark law by registering royalcaribbeam.com — then redirecting traffic to that URL to Norwegian Cruise Lines' website. The lawsuit accuses Catch All of "cyberquatting" and "typosquatting". Carnival is 'always going to build new ships

    Legal  tradewindsnews.com 15 Jul 16:28 GMT Matt Coyne

    Dilemma for lines with Panama Canal move to reduce draughts

    Rising freight rates could be undermined as containership operators inject more capacity into the Asia to US East Coast trade

    Liner  tradewindsnews.com 15 Jul 15:24 GMT Ian Lewis

    Five seafarers released from Greek aframax

    Crew heading home to India following Indonesian detention.

    Tankers  tradewindsnews.com 15 Jul 14:19 GMT Gary Dixon

    VLCC charter marks rare deal between Chinese and Taiwanese state firms

    A division of China Merchants Energy Shipping looks to have secured long-term business for one of its VLCCs in a deal which has the market pondering if the summer momentum has been maintained. CPC Corp of Twiwan has booked a vessel from CMES company Associated Maritime on a three year contract, brokers say. It comes at time of strong sentiment in the tanker market in the buildup to IMO 2020 an

    Tankers  tradewindsnews.com 15 Jul 14:18 GMT Max Tingyao Lin and Andy Pierce

    AP Moller-Maersk buyback passes $600m with latest swoop

    AP Moller-Maersk has snapped up more than $200m-worth of its own shares in a further acceleration of a buyback programme. Maersk starts $1.5bn buyback programme AP Moller-Maersk heads into uncharted waters as historic shift in strategy unfolds It means Maersk has now acquired around $630m-worth of stock this summer as part of a $1.5bn initiative. Maersk’s latest purchase comes amid an upturn i

    Finance  tradewindsnews.com 15 Jul 13:33 GMT Andy Pierce

    Safe Bulkers installs first scrubber, 19 to follow

    US-listed Safe Bulkers said on Monday it installed its first scrubber and that it is sticking to a plan to do the same on half of its fleet. The 89,000-dwt bulker Martine (built 2009) became the first Safe Bulkers unit to be equipped with the open-loop, U-type, Alfa Laval PureSOx scrubber, the company said in a statement. Installation took place at the Cosco Guangzhou shipyard. Safe Bulkers is s

    Legal  tradewindsnews.com 15 Jul 13:21 GMT Harry Papachristou

    Equinor swoops for North Sea supply ships

    Norwegian major fixes trio from September as rates rise.

    Offshore  tradewindsnews.com 15 Jul 13:00 GMT Gary Dixon

    Golden Energy wins more work for PSV duo

    Norwegian owner extends deals with Wintershall and Shell.

    Offshore  tradewindsnews.com 15 Jul 12:03 GMT Gary Dixon

    VLCC resale prices to pass $100m in up-cycle, says Fearnley Securities

    Tanker owners are set to see market headwinds turn to tailwinds with the value of steel on the water forecast to spike as the up-cycle unfolds, according to Fearnley Securities. Koch strikes VLCC charter that raises questions over Hunter sale Arne Fredly’s Hunter Group poised to pocket highest VLCC resale price in half a decade Analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby calcul

    Tankers  tradewindsnews.com 15 Jul 10:57 GMT Andy Pierce

    Shell seeks a barge-based FSRU for Brazilian project

    Energy major is looking for something small-scale but Golar LNG also has bigger ideas in the same area

    Gas  tradewindsnews.com 15 Jul 10:29 GMT Lucy Hine


    TradeWinds survey: IMO 2020 and decarbonisation

    Have your say on shipping's answers to climate change.

    Legal  tradewindsnews.com 15 Jul 10:25 GMT Max Tingyao Lin

    Royal Niestern Sander rebuilding ropax to run on LNG

    Dutch yard signs deal with Ems for major conversion of Munsterland

    Shipyards  tradewindsnews.com 15 Jul 10:13 GMT Gary Dixon

    Enesel adds to crude tanker drive with suezmax duo at Samsung Heavy Industries

    Deal rekindles long-standing relationship between Greek shipowner and South Korean yard

    Tankers  tradewindsnews.com 15 Jul 10:10 GMT Irene Ang and Andy Pierce

    Eletson sells oldest LPG carrier trading in Singapore's E3 Pool

    Indonesia’s Soechi Lines said to be buying the 16-year-old Mathraki, to become its youngest unit

    Ship Sales  tradewindsnews.com 15 Jul 10:10 GMT Harry Papachristou

    GEV to benefit as Meridian eyes FSRU sale

    Australian owner has stake in company looking to offload UK gas project.

    Gas  tradewindsnews.com 15 Jul 09:58 GMT Gary Dixon

    Port of Napier plots $158m IPO

    New Zealand terminal wants to build a new wharf to berth bigger ships.

    Finance  tradewindsnews.com 15 Jul 09:11 GMT Gary Dixon

    Belships subsequent offering raises less than half of target

    Belships has sold just over one-third of the shares available in its subsequent offering, which followed the private placement in May. Belships private placement falls short of target The Oslo-listed bulker owner had set a target of NOK 11.2m ($1.3m) in the repair offering, but ended up raising around NOK 3.9m ($457,000), according to a filing on Monday. Up to 1,603,128 new shares were offered

    Finance  tradewindsnews.com 15 Jul 09:09 GMT Holly Birkett

    Total revamps two CS1-type LNG carriers

    Total and its shipping partners are carrying out an overhaul of two vessels the French energy major acquired when it bought Engie’s downstream LNG assets last year. Total acquires new shipowning company under Engie LNG sales The 154,472-cbm LNG carrier Gaselys (built 2007) arrived at Malaysia Marine and Heavy Engineering in April. Data shows the vessel remains at the repair yard three months aft

    Gas  tradewindsnews.com 15 Jul 09:07 GMT Lucy Hine

    Flex LNG shares pop amid talk of floating storage business

    John Fredriksen’s Flex LNG saw its shares race out of the gate in Oslo this morning amid suggestions of potential floating storage business in the market. Flex stock saw its largest climb this year, rising by 6.5% in early trading in Oslo, Bloomberg noted. Fredriksen's Flex LNG lists on New York Stock Exchange Flex LNG to become first Fredriksen firm with in-house management While rates for co

    Gas  tradewindsnews.com 15 Jul 08:31 GMT Andy Pierce

    Bigger fleet boosts Nakilat profit

    Qatar owner benefits from adding two LNG carriers and an FPSO.

    Gas  tradewindsnews.com 15 Jul 07:45 GMT Gary Dixon

    UK P&I Club winners point the way to safer shipping

    Young shipping professionals show they have the solutions to some of shipping’s deep-rooted safety problems

    Insurance  tradewindsnews.com 15 Jul 07:41 GMT Adam Corbett

    Greek boxship destroys crane in Indonesia

    Soul of Luck believed to have suffered minor damage in Semarang.

    Casualties  tradewindsnews.com 15 Jul 06:34 GMT Gary Dixon

    Shipowners' total outlay on tonnage surpasses $1trn since 2009, says Clarksons

    Figures include newbuildings and secondhand purchases over 10-year period, says Clarksons

    Ship Sales  tradewindsnews.com 15 Jul 03:53 GMT Dale Wainwright

    Equinor to build floating Korean offshore wind farm

    Norwegian state-owned oil company teams up with local players to build first such project in Asia.

    Offshore  tradewindsnews.com 15 Jul 03:06 GMT Dale Wainwright

    UK says Grace 1 can leave as arrested crew released

    Iran foreign minister says his country wants to resolve issue and is not seeking to escalate

    Tankers  tradewindsnews.com 15 Jul 00:50 GMT Dale Wainwright and Gary Dixon

    Teekay Offshore shareholders sue over Brookfield deal

    'In other words Brookfield went from a savior in the summer of 2017 to a plunderer less than a year later'

    Legal  tradewindsnews.com 13 Jul 02:44 GMT Matt Coyne

    Royal Navy expected to escort another MOL-owned VLCC

    Kpler predicts the Isle of Man-flagged Atlantic Pioneer will be escorted by HMS Montrose through the Strait of Hormuz

    Tankers  tradewindsnews.com 12 Jul 17:22 GMT Max Tingyao Lin

    Baltic Dry Index at highest level in over half a decade

    The Baltic Dry Index (BDI) is at the highest level seen in over five and a half years. The Baltic Exchange today assessed the index at 1,865 points, a 49-point increase on Thursday's level and its highest point since January 2014. Capesize spot market corrects itself after huge growth The index has rallied by 785 points over the past 30 days. Its progress has been almost non-stop since since

    Dry cargo  tradewindsnews.com 12 Jul 14:32 GMT Holly Birkett

    Kjell Inge Rokke's Ocean Yield faces dividend dilemma around idle FPSO

    Kjell Inge Rokke’s Ocean Yield could be forced to cut back its dividend if it is unable to find employment or a buyer for its only FPSO. Uncertainty has surrounded the unit since Reliance released the 214,266-cbm Dhirubhai-1 (built 1979) last year and fresh firm work from within Rokke’s empire or outside has yet to materialize. Ocean Yield in market for deals despite FPSO woes Ocean Yield FPSO

    Finance  tradewindsnews.com 12 Jul 14:18 GMT Andy Pierce

    Cargill profit falls 67% in fourth quarter

    Trading and chartering giant hit by "very challenging" global environment.

    Finance  tradewindsnews.com 12 Jul 13:52 GMT Gary Dixon

    Tanker officer jailed for Shell oil theft

    Dang Van Hanh receives two and a half year term for crimes in Singapore.

    Tankers  tradewindsnews.com 12 Jul 13:28 GMT Gary Dixon

    Navios Maritime Containers names new finance chief after Christopoulos quits

    Erifili Tsironi has joined Navios Maritime Containers as its chief financial officer, replacing Chris Christopoulos, who has left the company. Navios Containers refinances as profit dwindles Tsironi joins from sister company Navios Maritime Acquisition, where she has been co-chief financial officer since December 2018. Before that, she was chief financial officer of Navios Maritime Midstream P

    Liner  tradewindsnews.com 12 Jul 13:01 GMT Holly Birkett

    Valles Steamship sells aframax a month after boosting tanker orderbook

    Koo family shipowning company Valles Steamship has sold one of its older tankers, brokers believe. Valles Steamship takes up aframax newbuilding option Japanese VLCC sale promises latest positive asset price point It comes with the Chinese owner having just added to its aframax orderbook in Japan and suggests prices in the sector are failing to keep pace with escalating VLCC values. Sales spec

    Tankers  tradewindsnews.com 12 Jul 12:50 GMT Andy Pierce

    Two officers found dead on Greek LPG carrier

    Gas Aegean called in Sri Lanka after deaths of Russian and Ukrainian discovered.

    Casualties  tradewindsnews.com 12 Jul 12:29 GMT Gary Dixon

    Piraeus Bank mulls Asian financing partnership

    Greece's Piraeus Bank, a commercial lender that also has shipping loans, said on Friday it is exploring a partnership with an unnamed financing house in the Far East to jointly provide maritime credit to Hellenic clients. "Piraeus Bank announces that it is exploring a potential strategic partnership opportunity with a major Asian Pacific financial conglomerate operating globally, to provide finan

    Finance  tradewindsnews.com 12 Jul 11:26 GMT Harry Papachristou

    Petredec revealed as seller of four LPG carriers to Epic Gas

    Petredec has emerged as the seller of four LPG vessels to BW-backed Epic Gas. Epic Gas plots purchase of larger vessels backed by BW Group 'halo' effect The acquisition of the 11,000-cbm pressurised vessels Kahyasi and Kris Kin (both built 2015) has now been completed, Epic said on Friday. Completion of the deals for the other two ships, the 11,000-cbm Kingcraft and Kisber (both built 2015),

    Gas  tradewindsnews.com 12 Jul 11:22 GMT Holly Birkett

    Union Maritime grows crude tanker fleet with Cosco order

    Laurent Cadji’s Union Maritime has boosted its crude tanker fleet with an aframax order in China. Marinakis and Union Maritime splitting BP Shipping aframaxes Play on supramax to reap $13.3m for Union Maritime It has placed two firm vessels at 113,000-dwt tankers Cosco Shipping Heavy Industry Zhoushan with options for two more. The move continues Union’s expansion in the aframax market, which

    Tankers  tradewindsnews.com 12 Jul 11:16 GMT Andy Pierce

    Second Grace 1 officer arrested as probe continues

    Gibraltar's chief minister says captain and first mate being questioned at police HQ.

    Tankers  tradewindsnews.com 12 Jul 10:07 GMT Gary Dixon

    Richard Fulford-Smith's Affinity sees profit spike helped by 'quite a few' LNG orders

    Shipbroker's top executive head has seen his wages double

    Finance  tradewindsnews.com 12 Jul 10:07 GMT Andy Pierce

    Zuyderzee adds former DVB shipping head Michiel Steeman

    Dutch shipping investment advisor also recruits ABN Amro's Caspar van Overklift.

    Finance  tradewindsnews.com 12 Jul 09:26 GMT Gary Dixon

    Iran renews call for Grace 1 release

    Foreign ministry also warns overseas powers to leave Gulf region.

    Tankers  tradewindsnews.com 12 Jul 08:32 GMT Gary Dixon

    Kari-Pekka Laaksonen returns as CEO of Samskip

    Former Containerships supremo to head rival boxship operation.

    Liner  tradewindsnews.com 12 Jul 08:14 GMT Gary Dixon

    MOL reveals terms of $186m green bonds

    Japanese owner paying interest of up to 0.49% for "sustainability" notes.

    Finance  tradewindsnews.com 12 Jul 07:55 GMT Gary Dixon

    Hoegh LNG inks debut Cheniere deal for latest newbuilding

    Hoegh LNG has inked a contract for its latest FSRU newbuilding which will keep the unit employed until it starts a long-term deal off Australia. Avenir LNG confident of newbuild charter despite being a reluctant shipowner LNG shipowners highlight long-term prospects amid spot volatility Cheniere has fixed the 170,000-cbm Hoegh Galleon in what marks the first firm contract between the two compan

    Gas  tradewindsnews.com 12 Jul 07:53 GMT Andy Pierce

    Nippon Maru to undergo major makeover

    Mitsui OSK plans to turn veteran cruiseship into eco-friendly vessel

    Passenger ships  tradewindsnews.com 12 Jul 07:25 GMT Jonathan Boonzaier

    GEV hunts Brazilian business for newbuildings

    Australia's Global Energy Ventures is looking to tap into the Brazilian market for its compressed natural gas (CNG) newbuildings. The company has lined up an order for up to eight new CNG vessels worth $1.12bn at China's CIMC raffles yard. Big CNG carrier deal just the start for GEV Jensen and Clarksons team up on $1.2bn order for pioneering gas ships It is now working with Brazilian consultan

    Gas  tradewindsnews.com 12 Jul 06:47 GMT Gary Dixon

    2020 Bulkers seals Koch charters for newbuilds

    Norwegian shipowner's newbuildings secure work for up to 36 months

    Dry cargo  tradewindsnews.com 12 Jul 06:30 GMT Gary Dixon

    Triton Marine sends Panamax bulker to the beach

    Scrap sale ends Dubai-based shipowner’s brief foray into dry-bulk

    Ship Sales  tradewindsnews.com 12 Jul 04:11 GMT Jonathan Boonzaier

    US gets tough on China over Iranian crude imports

    Sanctions threatened as Trump administration vows to use maximum pressure to end all Iranian crude exports

    Tankers  tradewindsnews.com 12 Jul 03:07 GMT Jonathan Boonzaier

    Ocean Yield revenue continues to hurt bottom line

    Depressed revenues continue holding down Ocean Yield profit. For the second quarter of 2019, the Kjell Inge Rokke company posted a $5.3m profit, down considerably from the $35.1m earned in the same period last year. CMB gets firm price for capesize charter-back sale Revenues fell more than 50% in the same time frame, as well, from $69.8m last year to $30.1m as the 214,266-cbm FPSO Dhirubhai-1 (

    Finance  tradewindsnews.com 11 Jul 16:46 GMT Matt Coyne

    Huawei is the eyes and ears of China's Belt and Road Initiative

    Chinese telecommunications giant's bid to bring the world 5G is a digital twin of Xi Jinping's Belt and Road Initiative — it is no coincidence

    Weekly  tradewindsnews.com 11 Jul 16:18 GMT Bob Rust

    Tanker captain arrested in day of drama between Britain and Iran

    Gibraltar police have arrested the master of a tanker at the centre of a simmering political dispute between the UK and Iran. It comes as British ships operating in the Gulf have been put on the highest state of alert amid fears they will be targeted by Iran. UK fends off Iranian approach to BP tanker Gibraltar VLCC seizure a 'stark warning' to owners British warship thwarts Iranian bid to sei

    Tankers  tradewindsnews.com 11 Jul 16:08 GMT Andy Pierce

    Chartworld slams US in court over reefer detention

    Lawsuit claims 'there has never been any other matter in which there was such an unreasonably long delay of the vessel'

    Legal  tradewindsnews.com 11 Jul 15:54 GMT Matt Coyne

    Diana Shipping to pay investors more in extended tender offer

    Diana Shipping's rising stock price has prompted the shipowner to adjust the pricing of its tender for its shares and extend the offer by nine days. Diana Shipping offers another buyback The pricing has been increased by 15% from $3.25 to $3.75 per share. Diana's current share price was trading on the New York Stock Exchange today at $3.73 as of 11:10am (EST), some way above Diana's previous te

    Finance  tradewindsnews.com 11 Jul 15:35 GMT Holly Birkett

    SK Shipping homes in on HHI for fresh LNG carrier order

    South Korean owner is adding a vessel as its earlier delivered ships remain off market

    Gas  tradewindsnews.com 11 Jul 15:21 GMT Irene Ang and Lucy Hine

    Japanese VLCC sale promises latest positive asset price point

    Tanker markets are buzzing with talk of a VLCC sale which would mark a further escalation of asset values. Neda and Ridgebury VLCCs fetch premium prices from conversion buyer Yinson Ridgebury Tankers sells VLCC as price spike extends Owners and brokers have been closely following NS United’s sale of the 299,999-dwt Aquarius Wing (built 2005), which attracted attention of a selection of respecte

    Tankers  tradewindsnews.com 11 Jul 15:11 GMT Andy Pierce

    Shipping's supercycle 2020: could the fantasy turn into a reality?

    As freight markets show signs of improving, even the sceptics are beginning to wonder whether 2020 will deliver maritime’s long-awaited recovery

    Finance  tradewindsnews.com 11 Jul 13:21 GMT Julian Bray

    Uljanik to sell youngest units in debt restructuring

    Tanker newcomer Densay revealed as buyer of last ship sold by Croatian shipowner

    Legal  tradewindsnews.com 11 Jul 13:21 GMT Harry Papachristou

    Denmark leapfrogs US to become world's fifth largest shipping nation

    Denmark has leapfrogged the US to claim the world’s fifth largest operated fleet of vessels, its shipowners association says. Denmark, which boasts the planet's biggest shipowning company in AP Moller-Maersk, has moved past the US only 18 months after taking sixth spot from Germany. Danish shipping continues to punch above its weight on global stage Danish maritime training transitions from 'Ma

    Ship Sales  tradewindsnews.com 11 Jul 13:07 GMT Andy Pierce

    UK sets 2025 limit for zero-emission ships

    Government says all new vessels ordered for its waters must comply from that date

    Shipyards  tradewindsnews.com 11 Jul 12:24 GMT Gary Dixon

    UK fends off Iranian approach to BP tanker

    Ministry of defence said three vessels tried to impede suezmax in Gulf.

    Tankers  tradewindsnews.com 11 Jul 11:49 GMT Gary Dixon

    Zim-backed Ramon International appoints new boss Andrews

    Industry veteran retires from Zim-backed brokerage and takes on executive to develop the business

    Insurance  tradewindsnews.com 11 Jul 11:17 GMT Adam Corbett

    Fesco acquires German-controlled feeder boxship

    Ice-class vessel destined for Russian cabotage trades

    Liner  tradewindsnews.com 11 Jul 11:17 GMT Ian Lewis

    Tor Olav Troim plots New York IPO for Borr Drilling

    Tor Olav Troim has launched an IPO for Borr Drilling in New York as it looks to join its major peers in the world’s largest capital market. Borr was initially listed on Oslo’s over the counter market and has moved through the Norwegian system to the main board. Billionaire Gray shows additional appetite for Troim firms with Borr Drilling buy Borr Drilling completes $645m financing deal Tor Ola

    Offshore  tradewindsnews.com 11 Jul 10:56 GMT Andy Pierce

    Seized drugs ship 'owned by JPMorgan Chase'

    US reports link MSC-operated vessel to bank's transport fund.

    Liner  tradewindsnews.com 11 Jul 10:52 GMT Gary Dixon

    Singapore holds top spot in Xinhua-Baltic maritime city index

    The Lion City has once again demonstrated its superiority in offering ship management and broking services, says the index provider

    Legal  tradewindsnews.com 11 Jul 10:45 GMT Max Tingyao Lin

    China’s Wanhua Chemical in talks for VLGC newbuildings

    Stock-listed group needs raft of large gas carriers to ship product from Abu Dhabi under supply deal signed last year

    Gas  tradewindsnews.com 11 Jul 10:32 GMT Jonathan Boonzaier , Lucy Hine and Irene Ang

    Mining giant BHP floats dual-fuel newcastlemax newbuild tender

    Green Corridor partner approaches selected owners for groundbreaking bulk tonnage

    Dry cargo  tradewindsnews.com 11 Jul 10:31 GMT Irene Ang and Lucy Hine