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  • H-Line adds to LNG bulker order at Samho

    South Korean owner commits to another two gas-fuelled ships.

    Dry cargo  tradewindsnews.com 11 Jul 09:40 GMT Gary Dixon

    Owners 'powerless' if Iran seizes UK ships

    Lawyer Stephen Askins warns that Iran will not recognise international forums.

    Tankers  tradewindsnews.com 11 Jul 09:29 GMT Gary Dixon

    Dof vessels win short-term contracts

    Two of Dof's North Sea platform supply vessels (PSVs) have won short-term period employment. Dof trio win long-term contracts with ConocoPhillips Premier UK has hired the 4,135-dwt Skandi Caledonia (built 2003) for around four months from this quarter. The PSV will perform supply duties for two firm wells, plus another optional well. Dof (UK)'s 4,328-dwt Skandi Barra (built 2005) will this m

    Offshore  tradewindsnews.com 11 Jul 09:04 GMT Holly Birkett

    Gibraltar VLCC seizure a 'stark warning' to owners

    Reed Smith says US and EU sanctions regime has a broad reach.

    Tankers  tradewindsnews.com 11 Jul 09:02 GMT Gary Dixon

    Hyundai Mipo Dockyard nets first ro-ro order of 2019

    Hyundai Mipo Dockyard has won its first ro-ro order of this year. A mystery European shipowner has contracted two of the ships at the South Korean shipyard. Turkey’s Yasa back at Hyundai Mipo for more MR newbuildings HMD told investors today the vessels had a price tag of KRW 163.2bn ($138.9m). Delivery of the pair, which extend a good summer run for the shipyard, will be delivered by 2022. W

    Shipyards  tradewindsnews.com 11 Jul 09:01 GMT Andy Pierce

    Marseille boulevard honours CMA CGM’s Jacques Saade

    On Watch is a sideways look at shipping by TradeWinds reporters

    Weekly  tradewindsnews.com 11 Jul 07:35 GMT TradeWinds staff

    DNB impairments rise as offshore challenges remain

    Norwegian lender said there was a second-quarter increase in provisions for some clients with distressed loans.

    Finance  tradewindsnews.com 11 Jul 07:03 GMT Gary Dixon

    British warship thwarts Iranian bid to seize BP tanker

    Iranian boats approached British Heritage in Gulf, according to US officials.

    Tankers  tradewindsnews.com 11 Jul 06:14 GMT Gary Dixon

    Wisdom handysize sale tied to Cargill charter, brokers say

    Sale of dry bulk vessels by Taiwan owner underpinned by long charter to trading giant, shipbrokers claim

    Ship Sales  tradewindsnews.com 11 Jul 05:57 GMT Harry Papachristou and Bob Rust

    SM Line trio fetches $100m in S&P deal with Chinese leasing outfit

    More former Hanjin boxships chartered out to Maersk Line at rates below spot levels

    Liner  tradewindsnews.com 11 Jul 05:52 GMT Ian Lewis

    Veder eyes yards in China for small-scale LNG carriers

    Dutch owner appears to have fresh appetite for tonnage despite recent fleet additions

    Gas  tradewindsnews.com 11 Jul 05:52 GMT Lucy Hine and Irene Ang

    Bihar renewal gets into gear with $340m product tanker contract

    Dubai shipowner opts for scrubbers as it goes to work on replacing scrapped and sold tonnage

    Tankers  tradewindsnews.com 11 Jul 05:51 GMT Irene Ang and Jonathan Boonzaier

    Navig8 and Oaktree Capital bury hatchet to heal joint-venture rift

    Venture’s chemical tanker fleet will stay with Navig8 management for at least two years, as reports of failing coatings are said to have been exaggerated

    Tankers  tradewindsnews.com 11 Jul 05:51 GMT Joe Brady

    Samsung Heavy wins orders for two suezmax tankers

    South Korean shipbuilder says it has now secured over 40% of its sales target for 2019.

    Tankers  tradewindsnews.com 11 Jul 02:36 GMT Dale Wainwright

    Peace Boat picks up Zenith dropped by Pullmantur

    Japanese cruise line emerges as mystery buyer of the 47,400-gt ship after Spanish outfit revealed plans to replace the vessel

    Passenger ships  tradewindsnews.com 11 Jul 01:50 GMT Jonathan Boonzaier

    S’hail adds two bulkers to Klaveness Baumarine pool

    Expanding Qatari owner now has five of its seven ships in Oslo-based owner’s pools.

    Dry cargo  tradewindsnews.com 11 Jul 01:16 GMT Dale Wainwright

    BW continues to whittle down its Dorian holding

    BW Group's Dorian LPG sell-off continues. After a failed takeover attempt last year, Andreas Sohmen-Pao's firm sold more than 213,000 Dorian shares last Friday and another 118,000 this week for a total of $3m, according to Securities and Exchange Commission Filings. BW Group takes Dorian LPG selldown to $5.7m with latest share sales BW now owns 6.6 million shares in the New York-traded, Connect

    Finance  tradewindsnews.com 11 Jul 00:50 GMT Matt Coyne

    Scrubber totals could rise via newbuildings

    A rush of new buildings could throw off estimates of how big the scrubber-equipped fleet might be come 2020, manufacturers said on a Deutsche Bank conference call hosted by analyst Amit Mehrotra Wednesday. Over 10% of world fleet will have scrubbers at start of IMO 2020, says Clarksons Scorpio group companies opt to fit more scrubbers Study finds scrubbers will have 'serious consequences' on

    Finance  tradewindsnews.com 10 Jul 19:44 GMT Matt Coyne

    Wells Fargo dumps Tidewater

    The San Francisco bank has sold nearly all of its shares in the world's largest offshore company

    Offshore  tradewindsnews.com 10 Jul 17:55 GMT Matt Coyne

    Wells Fargo 'scorecard' to judge carbon disclosures

    Analyst Michael Webber takes steps to support landmark Poseidon Principles initiative by leading lenders as he presses for emissions transparency

    Finance  tradewindsnews.com 10 Jul 17:43 GMT Joe Brady

    Arrested pipe-layer remains in Ghana as legal fight continues

    An arrested pipe layer continues to languish in Ghana as the legal fight over its release heads to New York. Dallas-based investment fund WAG SPV I last week filed suit in Manhattan federal court against Nigeria-based Fortune Global, looking to garnish $2.9m held in three accounts related to the arrest of the 8,531-gt Sea Horizon (built 1977) last autumn. Pipe-layer owner turns to US courts to f

    Legal  tradewindsnews.com 10 Jul 17:14 GMT Matt Coyne

    Deutsche Bank 'never more excited' about shipping stocks

    As other analysts drop their shipping coverage, Amit Mehrotra couldn't be more enthused about the sector.

    Finance  tradewindsnews.com 10 Jul 17:02 GMT Holly Birkett

    Belships extends growth spurt with newbuilding deal

    Belships has extended an expansion drive under Frode Teigen's ownership with the addition of an ultramax newbuilding. Oslo-listed Belships has taken the ship on a 10-year bareboat charter, which will increase its operated fleet to 20 vessels. Active S&P player Belships mulls extra 'ships for shares' deals Belships continues buying spree with ship number three The 64,000-dwt bulker will be de

    Ship Sales  tradewindsnews.com 10 Jul 15:36 GMT Holly Birkett

    Tsakos Energy Navigation strikes three-year suezmax tanker charter

    Tsakos Energy Navigation has locked one of its spot-trading suezmax tankers into a long-term charter. New York-listed TEN announced the three-year contract today, stating the deal with a “European oil concern” would generate $23m in revenue. Tsakos Energy looking to add VLCCs Tsakos Energy Navigation confirms suezmax double at Hyundai The shipowner did not identify the tanker involved or discl

    Tankers  tradewindsnews.com 10 Jul 14:53 GMT Andy Pierce

    Saudis claim to have thwarted Bab-el-Mandeb attack

    Houthis deny assault on a cargo vessel in southern Red Sea

    Casualties  tradewindsnews.com 10 Jul 14:39 GMT Gary Dixon

    German shipowner Henning Oldendorff tipped for baby-cape buy

    German shipowner Henning Oldendorff has swooped for the final baby-cape in the fleet of compatriot Thomas Schulte, brokers said. Oldendorff has been building his presence in the niche during the past couple of years, heading a resurgence in the market. Oldendorff charters two capesizes from CSIC Leasing Oldendorff reveals 23 sale and charter deals in China The latest ship to join the Oldendorf

    Dry cargo  tradewindsnews.com 10 Jul 14:19 GMT Andy Pierce

    Cobelfret and Nissen Kaiun sell capesizes in an 'unexciting' market

    If confirmed, the transactions mark a turnaround from the dearth of cape sales earlier this year

    Ship Sales  tradewindsnews.com 10 Jul 14:18 GMT Holly Birkett

    Titan LNG completes world's largest LNG bunkering operation

    Second Mediterranean supply location earmarked to top up crane vessel Sleipnir

    Gas  tradewindsnews.com 10 Jul 14:05 GMT Lucy Hine

    US looking for allies to defend tankers in Middle East Gulf

    The US would provide command ships and lead surveillance efforts, a top general said

    Tankers  tradewindsnews.com 10 Jul 14:01 GMT Matt Coyne

    Research identifies new Gulf threat — tsunamis

    Scientists say region thought to be tranquil is actually highly vulnerable to monster waves

    Tankers  tradewindsnews.com 10 Jul 13:57 GMT Gary Dixon

    Mediterranean Shipping Company strikes long-term deal for Capital Product pair

    Evangelos Marinakis’ Capital Product Partners has wrapped up long-term charters for two container vessels with liner giant Mediterranean Shipping Co. The deals will employ both scrubber-fitted vessels until 2024 and leave the master limited partnership (MLP) with full contract coverage this year and over 90% filled in 2020. Greeks show boxship S&P zeal Marinakis marks anniversary of Forest’s fi

    Tankers  tradewindsnews.com 10 Jul 13:45 GMT Andy Pierce

    AP Moller Holding enters wind energy market with KK Group swoop

    Denmark’s Maersk family have made a first foray into the wind energy market with the private purchase of a turbine electronics supplier. The acquisition of KK Group by AP Moller Holding comes as Copenhagen-listed AP Moller-Maersk, which the family controls, has divested its energy businesses. AP Moller-Maersk heads into uncharted waters as historic shift in strategy unfolds Ane Maersk Mc-Kinney

    Finance  tradewindsnews.com 10 Jul 13:07 GMT Andy Pierce

    BP suezmax underway again in Middle East Gulf

    British Heritage still awaiting orders following Iranian threat against UK shipping.

    Tankers  tradewindsnews.com 10 Jul 12:50 GMT Gary Dixon

    Appeal court backs charterer in lapsed class row

    UK judge rules Ark Shipping was not obliged to keep vessel in class as a condition of charter.

    Legal  tradewindsnews.com 10 Jul 12:31 GMT Gary Dixon

    Steamship Mutual hints at further cash returns

    Steamship Mutual has said its financial position is still robust enough to consider returning further cash to members after reporting an underwriting loss and seeing its reserves shrink. Armand Pohan, chairman of the London-based protection and indemnity insurer, described the club’s finances as “still strong” despite reporting a combined ratio of 116%, indicating an underwriting loss. Steamship

    Insurance  tradewindsnews.com 10 Jul 12:29 GMT Adam Corbett

    High capesize rates 'almost guaranteed' for next 50 days, says Hamish Norton

    Fully employed Vale fleet and lack of capesize tonnage in Brazil helping fuel summer bull run, says Star Bulk executive.

    Dry cargo  tradewindsnews.com 10 Jul 11:11 GMT Holly Birkett

    Okee Maritime closes in on fifth boxship purchase

    Growing German owner acquires another vessel from Leonhardt & Blumberg

    Liner  tradewindsnews.com 10 Jul 10:49 GMT Ian Lewis

    Scorpio group companies opt to fit more scrubbers

    Pacific Green confirms contracts to install a further 23 scrubber systems on Scorpio's tankers and bulkers

    Finance  tradewindsnews.com 10 Jul 10:48 GMT Paul Berrill

    Concern mounts as the US sets its sights on tankers

    President Trump's government appears to be using AIS data to enforce sanctions

    Legal  tradewindsnews.com 10 Jul 10:48 GMT Matt Coyne

    Teekay team goes to hill and back to gain revenge on Heidmar

    Teams raise more than $62,000 for seafarers' charity by scaling all 24 mountains in the Lake District in less than 24 hours

    Weekly  tradewindsnews.com 10 Jul 10:47 GMT Ian Lewis

    Turkey’s Yasa back at Hyundai Mipo for more MR newbuildings

    Turkish company continues impressive run of newbuilding orders in the Far East

    Tankers  tradewindsnews.com 10 Jul 10:47 GMT Harry Papachristou

    US seizes MSC Gayane after $1.3bn drugs bust

    Unusual move shows 'serious consequences' of crew conspiracy, customs agency says

    Liner  tradewindsnews.com 10 Jul 10:12 GMT Gary Dixon

    Wrist consolidates again with move for Van Hulle

    Danish ship supplier takes over Belgian rival as expansion drive continues.

    Finance  tradewindsnews.com 10 Jul 09:57 GMT Gary Dixon

    FREE

    Cantor Fitzgerald cuts Braemar Shipping Services with 'lumpier earnings' forecast

    Uncertainty over future results from Braemar Shipping Services’ finance business and rising debt levels have contributed to a downgrade from Cantor Fitzgerald. Analyst Robin Byde has cut the London-listed company from buy to hold suggesting changes at the group have increased growth potential but potentially introduced lumpier earnings. Downing dials down holding in Braemar Shipping Services St

    Finance  tradewindsnews.com 10 Jul 09:26 GMT Andy Pierce

    Nigeria introduces new anti-piracy law

    President Buhari signs bill giving country new powers in fight against criminal gangs

    Casualties  tradewindsnews.com 10 Jul 09:12 GMT Gary Dixon

    Second LNG carrier calls to load at Prelude FLNG

    Five support vessels shepherd the LNG carrier Methane Julia Louise alongside

    Gas  tradewindsnews.com 10 Jul 09:09 GMT Lucy Hine

    Leading female broker at Lloyd’s says sexism claims are distorted

    SSL Endeavour managing director of marine Gillian Martin says the criticism levelled at the 331-year-old market has got ‘out of hand’

    Insurance  tradewindsnews.com 10 Jul 07:12 GMT Adam Corbett

    Nordic Hamburg takes another Schepers vessel

    Second Schepers vessel sold as low rates hamper recovery in smaller box sector

    Liner  tradewindsnews.com 10 Jul 07:12 GMT Ian Lewis

    Skuld transfers its hull and machinery business to SMA unit

    Merged cover is being marketed as Skuld Hull as Lloyd’s syndicate is run down

    Insurance  tradewindsnews.com 10 Jul 07:11 GMT Adam Corbett

    Subsea 7 lands 'sizeable' Equinor contract

    Norwegian owner to carry out work over three years in North Sea.

    Offshore  tradewindsnews.com 10 Jul 06:56 GMT Gary Dixon

    NYK orders newcastlemax bulker at JMU

    Newbuilding ordered against long-term charter contract from JFE Steel

    Dry cargo  tradewindsnews.com 10 Jul 06:51 GMT Irene Ang

    Grace 1 could be forfeit in US courts after Gibraltar detention

    Lawyer Stephen Askins explains how the Trump administration could go about taking control of VLCC at centre of sanctions row

    Legal  tradewindsnews.com 10 Jul 06:24 GMT Gary Dixon

    Three more Chinese shipyards eye merger

    China Merchants, CMIC and AVIC plotting tie-up following news of mega-merger between CSIC and CSSC

    Shipyards  tradewindsnews.com 10 Jul 06:17 GMT Gary Dixon

    Enterprise targets suezmaxes with US terminal expansion

    US-listed terminal and pipeline operator also plans to boost LPG and PGP export capacity

    Tankers  tradewindsnews.com 10 Jul 06:03 GMT Dale Wainwright

    West Africa remains world’s top piracy hotspot, says IMB

    Over 80% of hostage taking or kidnapping occurred in the region in the first half of 2019

    Casualties  tradewindsnews.com 10 Jul 02:28 GMT Dale Wainwright

    Schnelle takes top finance job at Team Tankers

    Acting chief financial officer sees position made permanent at Oslo-listed tanker owner

    Finance  tradewindsnews.com 10 Jul 01:12 GMT Dale Wainwright

    Globus chairman again cuts position in bulker owner

    Globus Maritime chairman George Feidakis' position in the New York-listed bulker owner has shifted again. According to Securities and Exchange Commission filings, Feidakis sold a total of 295,863 Globus shares in June through his investment company Firment Shipping. Globus Maritime taps EnTrust Global fund for $37m Globus narrows loss on outside investment The sales bring his share count to 1.

    Dry cargo  tradewindsnews.com 09 Jul 21:11 GMT Matt Coyne

    NYK Line set to nudge up berths at Hyundai Samho

    Japanese shipowner also adding pair of vessels into Knutsen joint venture

    Gas  tradewindsnews.com 09 Jul 20:40 GMT Lucy Hine and Trond Lillestolen

    Taiwan, Pakistan and Thailand hold key to Asian LNG growth

    Increase in imports by trio of countries spells opportunities for owners of ships and FSRUs

    Gas  tradewindsnews.com 09 Jul 20:37 GMT Dale Wainwright

    Panamax boxship rates and charter periods on the rise

    Shortage of larger containerships forces lines to take medium-size vessels instead

    Liner  tradewindsnews.com 09 Jul 20:36 GMT Ian Lewis

    Star Bulk flips former Delphin Shipping ultramax

    Greek peer Super-Eco Bulkers tipped to be the Chinese-built ship's buyer

    Ship Sales  tradewindsnews.com 09 Jul 20:35 GMT Harry Papachristou

    Carnival to create chief compliance officer role

    Arnold Donald-led company will name new c-level employee soon as part of a $20m settlement paid for dumping plastic waste into the ocean.

    Passenger ships  tradewindsnews.com 09 Jul 18:50 GMT Michael Juliano

    Koch strikes VLCC charter that raises questions over Hunter sale

    US operator forges deal with CSIC Leasing amid continued focus on Koch-backed deal with Arne Fredly's Hunter

    Tankers  tradewindsnews.com 09 Jul 15:06 GMT Irene Ang , Lucy Hine and Andy Pierce

    Tor Olav Troim's 2020 Bulkers set for Oslo Axess listing this week

    Tor Olav Troim’s 2020 Bulkers has won the green light for a listing on the Oslo Axess with its stock expected to start trading on the second-tier market this week. It comes after 2020 Bulkers raised over $70m from a private placement in May, which set the scene for it to be promoted from the city’s over the counter market. Tor Olav Troim’s 2020 Bulkers banks $70.2m ahead of full listing in Oslo

    Dry cargo  tradewindsnews.com 09 Jul 14:54 GMT Andy Pierce

    ITF calls for release of Ukrainian seafarer held in Sri Lanka

    The International Transport Workers' Federation wants Sri Lanka to release an ailing supply ship captain held for the last three years. It says Ukrainian Gennadiy Gavrylov has been stranded in the south Asian country since June 2016, when he was arrested after the now-scrapped 1,476-dwt Avant Garde (built 1982) was seized by authorities. Crewman dies as ro-ro abandoned Kidnapped tanker crew fre

    Legal  tradewindsnews.com 09 Jul 14:23 GMT Matt Coyne

    Italian bunker firm close to first VLSFO sales

    Bunker Energy takes delivery of straight-run 0.5% sulphur fuel, but still calculating pricing rates

    Finance  tradewindsnews.com 09 Jul 13:48 GMT Paul Berrill

    Gourdomichalis Maritime sells first ship in 11 years

    Fellow Greek shipowner Niriis is said to be picking up panamax Kavo Manali

    Ship Sales  tradewindsnews.com 09 Jul 13:47 GMT Harry Papachristou

    Zvezda in line for $784m LNG carrier subsidies

    Russian minister says domestic yard will receive help to build new Arctic ships.

    Gas  tradewindsnews.com 09 Jul 12:45 GMT Gary Dixon

    Euronav steps up summer share buyback

    Tanker giant Euronav has taken its summer spending on its own shares to around $14m. Wall Street’s largest crude tanker owner has regularly invested in its own equities this year with the latest move its ninth reported purchase since the start of 2019. New Euronav boss Hugo De Stoop connects to company's roots and future challenges Euronav told investors today it had paid €3.5m ($3.9m) for 420,

    Tankers  tradewindsnews.com 09 Jul 12:03 GMT Andy Pierce

    OSCAR paddlers to pull hard for cancer patient Billy Bergsland

    Participants in sixth annual OSCAR dragon boat race have an added incentive to paddle like never before

    Weekly  tradewindsnews.com 09 Jul 11:31 GMT Julian Bray

    Enagas breathes new life into Canary Islands' LNG-import plan

    Spanish energy company is seeking a floating solution for one of two planned facilities

    Gas  tradewindsnews.com 09 Jul 11:31 GMT Lucy Hine

    Slowing global growth dents multipurpose market prospects

    Little improvement in rates before 2021 unless demolition picks up

    Liner  tradewindsnews.com 09 Jul 11:30 GMT Ian Lewis

    Haftar recognises NOC as sole Libyan oil exporter

    Libyan military leader says Tripoli producer has "exclusive" right to ship out crude.

    Tankers  tradewindsnews.com 09 Jul 10:49 GMT Gary Dixon

    Equinor extends Eidesvik Offshore PSV contract

    Equinor Energy taken a platform supply vessel (PSV) owned by Eidesvik Offshore for a further six months. Equinor keeps Eidesvik PSV for three years The 6,200-dwt Viking Queen (built 2008) will commence the extension at the end of August in direct continuation of its current contract. The Norwegian oil major fixed the vessel in late April for a firm period of four months with further options, b

    Offshore  tradewindsnews.com 09 Jul 10:46 GMT Holly Birkett

    Saga Travel chief executive Robin Shaw: a workaholic who looks forward to Sunday evenings

    Saga Travel chief executive Robin Shaw admits to being a workaholic. Married with three children — including eight-year-old twins — he says: “I am one of those sad people who still enjoy coming to work.” He joined Saga in 2010, first as chief executive of Saga Cruises before becoming head of Saga Travel in January last year. Before this, Shaw spent about seven years at Royal Caribbean — latterl

    Passenger ships  tradewindsnews.com 09 Jul 10:32 GMT Geoff Garfield

    Saga Cruises discovering the US again after long absence

    Saga Cruises is returning to the US after an absence of at least eight years. Strict US regulations for visiting cruiseships, including security, meant retrofitting its older vessels became onerous. But the US Coast Guard has been heavily involved in ensuring Saga’s two newbuildings are compliant, and the Spirit of Discovery’s itinerary includes a 35-night New York and Caribbean cruise in Decemb

    Passenger ships  tradewindsnews.com 09 Jul 10:32 GMT Geoff Garfield

    New ships set to transform Saga Cruises' operations

    River cruise fleet set for renewal with order for up to two vessels

    Passenger ships  tradewindsnews.com 09 Jul 10:32 GMT Geoff Garfield

    Saga Generation sets sail on cruise line's ‘boutique’ newbuilding

    The Spirit of Discovery is honoured with royal naming ceremony as British company sells older ships to make way for £600m-plus investment in new vessels in its diamond year

    Passenger ships  tradewindsnews.com 09 Jul 10:29 GMT Geoff Garfield

    Lauritzen Bulkers opens Dubai office

    Lauritzen Bulkers is to open a new office in Dubai in August to target the Middle Eastern market. J Lauritzen cuts 15 bulkers in slump “The Middle East region is an important and growing area for us and the decision to open an office in Dubai means we will be closer to existing and new customers, enabling us to further grow our activity there," said Niels Josefsen, Lauritzen Bulkers' chief execu

    Dry cargo  tradewindsnews.com 09 Jul 09:25 GMT Holly Birkett

    Near miss for Costa cruiseship in Venice

    Latest incident brings renewed calls for ban in city.

    Casualties  tradewindsnews.com 09 Jul 09:13 GMT Gary Dixon

    Japanese ships pass IMO 2020 test

    Trials indicate no problems in changing over to low sulphur fuels

    NEWS  tradewindsnews.com 09 Jul 09:02 GMT Adam Corbett

    Goundar Shipping could sell fleet in safety row

    Fijian company could be shut down by the end of the month.

    Ship Sales  tradewindsnews.com 09 Jul 08:52 GMT Gary Dixon

    Indian owners spurn low rates for IOC VLCC charter

    Government policy of first refusal for domestic owners proves unattractive.

    Tankers  tradewindsnews.com 09 Jul 07:27 GMT Gary Dixon

    Turkish yard turned owner set to grow chemical tanker fleet

    Born out of 2008 financial crash, Med Marine's tanker fleet is set for new deliveries

    Tankers  tradewindsnews.com 09 Jul 07:03 GMT Geoff Garfield

    Greek cruise pioneer heads to Turkey for recycling

    Greek-built Adriana has been sold for scrap as one of the cruise industry’s smaller players calls it quits

    Passenger ships  tradewindsnews.com 09 Jul 07:03 GMT Jonathan Boonzaier

    Densay picks up Greek handysize but legal row may roll on

    Sale unlikely to end owner's bitter battle with lenders

    Legal  tradewindsnews.com 09 Jul 07:02 GMT Harry Papachristou and Gary Dixon

    Wartsila claims hybrid retrofit first for bulkers

    Finnish group to install battery and solar system on Marfin ship in Japan.

    Dry cargo  tradewindsnews.com 09 Jul 06:27 GMT Gary Dixon

    Gibraltar confirms full crude cargo on Grace 1

    But territory does not reveal origin of oil on seized VLCC.

    Tankers  tradewindsnews.com 09 Jul 06:10 GMT Gary Dixon

    China’s LNG imports continue to surge, despite policy change

    Australia the big winner as trade war costs US exporters market share, says Bancosta.

    Gas  tradewindsnews.com 09 Jul 03:08 GMT Dale Wainwright

    Container shipping peak season set to disappoint, says analyst

    Muted recovery in freight rates will likely result in tepid third quarter and full-year earnings.

    Liner  tradewindsnews.com 09 Jul 00:37 GMT Dale Wainwright

    Brookfield adds director to Teekay Offshore board

    Brookfield Business Partners has added Gregory Morrison to the board of its takeover target Teekay Offshore. The Vancouver-based offshore player announced that Morrison, the former chief executive of Canadian insurer Trisura Group, would replace Walter Weathers after the close of trading Monday in New York. Brookfield moves to acquire Teekay Offshore Shareholder group decries discounted Teekay

    Offshore  tradewindsnews.com 08 Jul 21:07 GMT Matt Coyne

    Low-profile Allseas makes rare ship sale

    Allseas has made its first ship sale since Anthony Valmas set up the Greek handysize operator almost 10 years ago. In an inconspicuous but lucrative deal, the Piraeus-based company sold the 28,500-dwt Allstars (built 2000) to Chinese buyers for $4.5m, Greek brokers reported. Valmas, who did not respond to a request for comment, bought the Imabari Shipbuilding-constructed vessel in December 2016

    Ship Sales  tradewindsnews.com 08 Jul 20:11 GMT Harry Papachristou

    New bulker orders slow to half of last year’s levels

    Over-supply, lack of finance and IMO 2020 are holding back newbuilding activity

    Dry cargo  tradewindsnews.com 08 Jul 20:10 GMT Irene Ang

    Coast Guard suspends search for Carnival crewmember

    After nearly two days and thousands of miles, the US Coast Guard called off its search for an overboard Carnival Corp crewmember. The agency said Sunday afternoon that it was unable to locate the worker, who fell off the 2,758-berth Carnival Victory (built 2000) 30 miles northwest of Cuba Thursday. The Coast Guard said the search covered 2,600 square nautical miles over 45 hours and involved two

    Casualties  tradewindsnews.com 08 Jul 20:00 GMT Matt Coyne

    Fednav suing Greece's Ulises Naviera after engine failure at sea

    Canadian shipowner Fednav is looking to obtain nearly $1.2m in security ahead of arbitration in London over a ship that suffered engine problems at sea. The privately-held bulker owner sued late last week in Miami federal court, alleging it suffered damage after bulk cargo seeped into fuel tanks and damaged engines aboard the Naviera Ulises-managed, 33,600-dwt Gea (built 2005) last year. Fednav

    Legal  tradewindsnews.com 08 Jul 19:37 GMT Matt Coyne

    Panamax bulker market posts massive gains but correction looms

    Average panamax rates have risen 31% over the past week, but a market correction could soon be in store.

    Dry cargo  tradewindsnews.com 08 Jul 18:08 GMT Holly Birkett

    Downing dials down holding in Braemar Shipping Services

    UK investment firm Downing has trimmed its stake in Braemar Shipping Services for the second time in under one month. Strong newbuilding activity drives better first quarter for Braemar ACM Boxship demolitions on course to double as feeders head to beaches Downing, formed in 1986 by former NatWest Ventures executive Nick Lewis, was the largest shareholder in Braemar at the end of its last fina

    Finance  tradewindsnews.com 08 Jul 18:02 GMT Andy Pierce

    Deutsche Bank team confirms survival from job cuts

    Top analyst Amit Mehrotra tells clients he looks forward to 'dialogue for many years to come' after bank's cut of 18,000 jobs.

    Finance  tradewindsnews.com 08 Jul 16:25 GMT Joe Brady

    DryShips appoints advisors for George Economou takeover

    Financial and legal advisors have been appointed to assist DryShips board members in evaluating George Economou's proposed takeover of the company. George Economou offers to buy DryShips A special committee of DryShips directors has been formed to consider the non-binding offer of $4.00 per share submitted by Economou's privately owned entity SPII Holdings on 12 June. Evercore has been retain

    Dry cargo  tradewindsnews.com 08 Jul 15:35 GMT Holly Birkett

    Study finds scrubbers will have 'serious consequences' on marine life

    Swedish analysis says IMO 2020-compliance installations are toxic to zooplankton

    Casualties  tradewindsnews.com 08 Jul 15:22 GMT Michael Juliano