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  • Russia, China eye Arctic gas route cooperation

    Russia and China look likely to team up on the development of an Arctic shipping route. The South China Morning Post cited Russia's ambassador to Beijing, Andrey Denisov, as saying that talks were advanced over the supply of Russian gas to China through a route known as Power of Siberia Two (the "western" route). “Almost everything has been completed so far but there is only one gap, which is th

    Gas  tradewindsnews.com 19 hours old Gary Dixon

    Nigerian owners hoping to tap into $3.5bn fund

    The Ship Owners Association of Nigeria (SOAN) is hoping to access $3.5bn earmarked for fleet expansion. The money is coming from an oil and gas development fund administered by the National Content Development and Management Board (NCDB). SOAN president McGeorge Onyung told the Vanguard daily that NCDB had indicated $3.5bn is available for vessels connected to the energy sector. Nigeria is co

    Finance  tradewindsnews.com 21 hours old Gary Dixon

    Brightoil boss quits after being declared bankrupt

    Brightoil Petroleum CEO and chairman Sit Kwong Lam has quit the company after being declared bankrupt in Hong Kong. The troubled VLCC owner's boss had provided a personal guarantee of more than $30m for goods Brightoil bought from Vietnam-owned trader Petrolimex Singapore last April. Petrolimex had applied for the bankruptcy order when the debt was not settled. It is also trying to wind up a Bri

    Tankers  tradewindsnews.com 22 hours old Gary Dixon

    Simon Toft's start-up Cornerstone seeks more tankers

    Danish start-up Cornerstone Maritime is seeking more tonnage after agreeing a deal to take over its first managed tanker. The company has been founded by Simon Toft, its managing director and a former Maersk Brokers and Wonsild man. Toft has owned and run broker Casos Shipping for the last five years. It said on Friday it will manage the 15,900-dwt Ierax (built 1998) commercially from 10 May.

    Tankers  tradewindsnews.com 23 hours old Gary Dixon

    Three injured in fire on Sinotrans bulker

    Three seafarers have suffered "significant burns" on a Sinotrans bulker off the UK. The men were rescued from the 93,000-dwt Great Aspirations (built 2010) near Lizard Point, Cornwall, on Wednesday. A search and rescue helicopter winched the Chinese men off the bulker. Two were taken to a specialist burns unit in Wales, while the other remained in a Cornish hospital. The Maritime and Coastguar

    Casualties  tradewindsnews.com 23 hours old Gary Dixon

    Hyundai LNG moves into VLGC sector with new order

    Korea's Hyundai LNG Shipping (HLS) is expanding into the LPG sector with a new VLGC order at Hyundai Heavy Industries (HHI). The company said the 84,600-cbm ship will be delivered in the third quarter of 2020. It has a seven-year charter, plus options, lined up with a global energy company, it said. Hyundai grabs gas and tanker deals worth $600m The newbuilding contract has an optional ship at

    Gas  tradewindsnews.com 24 hours old Gary Dixon

    Seaboard Marine announces new Central America routes

    Starting 8 May, Seaboard Marine will begin running ships between Central American and the Port of Savannah. The Miami boxship operator announced the new service this week, which will run both dry and refrigerated cargo. “We are excited about the opportunity to connect our brand of premium service forged over our 35-year history in Central America to this new domestic port,” said Jose Concepcion,

    Liner  tradewindsnews.com 18 Apr 20:23 GMT Matt Coyne

    Report: Greeks, American arrested, suspected of piracy

    Nineteen alleged pirates — including three Greeks and an American — were arrested over the weekend in the Gulf of Guinea and suspected of stealing oil and illegal possession of firearms, according to local media. Lagos-based The Nation reports nine of the men were taken into custody during a joint operation between the Nigerian and US navies Sunday night. Pirates "effectively hijack" ship in Gul

    Casualties  tradewindsnews.com 18 Apr 15:59 GMT Matt Coyne

    Navios Maritime Holdings sells veteran bulk carrier

    Angeliki Frangou’s Navios Maritime Holdings is said to have sold off one of its older bulk carriers. Navios says 'too early' to determine Vale effect If confirmed the deal would mark the latest step in its fleet renewal efforts, which have seen other older vessels sold of late. Brokers say the 53,500-dwt Navios Mercator (built 2002) has been bought by an unknown party for between $7m and $7.2m.

    Dry cargo  tradewindsnews.com 18 Apr 15:23 GMT Andy Pierce

    SEA\LNG and SGMF LNG emissions study raises questions

    Industry coalition SEA\LNG and the Society for Gas as a Marine Fuel (SGMF) faced questions about the relevance of their newly commissioned "well-to-wake" study launched last week, which details that using LNG as a marine fuel can cut shipping's greenhouse-gas emissions by up to 21%. Well-to-wake_study.pdf (7.7MB) The 168-page report, entitled The Life Cycle GHG Emission Study, was conducted by

    Gas  tradewindsnews.com 18 Apr 15:09 GMT Lucy Hine