Seacor Holdings sees slight dip in third quarter profit

But Charles Fabrikant-led firm posts better results in inland and shipping and logistics divisions.

Finance  tradewindsnews.com 47 minutes old Dale Wainwright

OOCL looks to expand African liner footprint

Hong Kong liner operator now set to serve both sides of continent with new services from Asia and Europe. OOCL opts for LSFO to meet IMO 2020 regulations OOCL is expanding its liner service foot print in Africa with the introduction of new services to the continent from Asia and Europe. From China it is introducing two new services – West Africa Service 1 (WAF1) and West Africa Service 3 (W

Liner  tradewindsnews.com 2 hours old Dale Wainwright

Star Bulk clear to make first dividend in six years

Petros Pappas-led bulker player clears debt from 2016 finance restructuring, freeing it up to expand fleet and restart payments to shareholders.

Finance  tradewindsnews.com 5 hours old Michael Juliano

UK maritime officials visit to talk post-Brexit trade

Delegation comes to New York to look at a possible free trade agreement between island nation and United States.

Finance  tradewindsnews.com 6 hours old Michael Juliano

Primera affiliate asks to throw out d'Amico lawsuit

Nikka Finance files motion after judge denies d'Amico Dry's repeated requests for papers proving ownership of a drybulk carrier.

Legal  tradewindsnews.com 10 hours old Michael Juliano

Top Ships hit by new SEC queries

Greek owner says it is cooperating with two fresh subpoenas as US continues probe into Kalani Investments stock sales.

Finance  tradewindsnews.com 11 hours old Joe Brady

Bugbee turns to baseball for tanker investment pitch

Scorpio president throws out new explanation for Scorpio Bulkers' purchase of stock in sibling.

Dry cargo  tradewindsnews.com 12 hours old Andy Pierce

Diana Shipping extends post-panamax charter

Simeon Palios-led bulker owner expects to earn $4.4m on prolonging charter with German commodities player.

Dry cargo  tradewindsnews.com 12 hours old Michael Juliano

Hoegh LNG's latest FSRU charterer unmasked

Trading house Gunvor has been named as the charterer of Hoegh LNG's floating storage and regasification unit Hoegh Gallant (built 2014). A spokesman for Hoegh confirmed to TradeWinds that the FSRU has been chartered to Clearlake Shipping, a subsidiary of the Swiss-based trader. A rate has yet to emerge and it is unclear as to whether Gunvor intends to use the FSRU as a trading vessel or make use

Gas  tradewindsnews.com 12 hours old Lucy Hine

EU clears CMA CGM's Containerships takeover

Commission approves French line's deal for Finnish short-sea operator.

Liner  tradewindsnews.com 13 hours old Gary Dixon

MPC Capital snaps up $42m boxship trio

German investor adds three vessels on behalf of international investor; shipping assets hit $2.6bn.

Finance  tradewindsnews.com 13 hours old Gary Dixon

P&O ship dumped waste water in Great Barrier Reef

Australian senate hears 27,000 litres discharged in protected park.

Passenger ships  tradewindsnews.com 14 hours old Gary Dixon

Uljanik: bankruptcy not an option

Yard CEO says liquidation inevitable if restructuring or strategic investment fails.

Shipyards  tradewindsnews.com 15 hours old Gary Dixon

Master, officer suspended after ro-pax grounding

Red Funnel removes bridge team after UK collision with yachts.

Casualties  tradewindsnews.com 15 hours old Gary Dixon

Formosa Plastics drip feeds another LR1 to S&P market

Formosa Plastics Marine Corp (FPMC) has put another LR1 product tanker on the sales block after selling two vessels in the same class less than a month ago. The Taiwanese shipowner - a shipping arm of Formosa Plastics Group - is inviting bids from interested buyers to be submitted for the 74,800-dwt FPMC P Glory (built 2009) by the end of this month, brokers said. “Several buyers will offer by t

Tankers  tradewindsnews.com 15 hours old Max Tingyao Lin

Interocean buys sixth post-panamax bulker

Argentine shipowner Interocean has bought its sixth post-panamax vessel in just over three years as it continues to expand its bulker fleet. US brokers said the 93,000-dwt Scotian Express (built 2011) has been purchased from Dutch owner Vroon for $16.7m. Neither company responded to requests for comment. Another pair of former Conti bulkers hits the buffers Private equity-backed Interocean has

Dry cargo  tradewindsnews.com 16 hours old Trond Lillestolen

Gotland buys first bulker for conversion into tanker

Swedish owner also sells three tankers and four OSVs, while adding two MRs, in deals with d'Amico, Team Tankers and Wisby.

Tankers  tradewindsnews.com 16 hours old Gary Dixon

Polarcus fleet fully booked in fourth quarter

Middle East owner adds South East Asian seismic survey contract.

NEWS  tradewindsnews.com 17 hours old Gary Dixon

Swire teams with Bolero for Cargill trades

Owner carries out first grain shipment using electronic bills of lading.

Dry cargo  tradewindsnews.com 17 hours old Gary Dixon

Hunter Group 'increasingly attractive' M&A target

Carnegie's call comes as it raises short-term VLCC rate forecasts.

Tankers  tradewindsnews.com 17 hours old Andy Pierce

HMM selling $878m of bonds

Expanding Korean owner's state backer KDB buying big debt issue.

Finance  tradewindsnews.com 17 hours old Gary Dixon

Captain Moll takes the helm at MAIB

UK appoints new chief inspector of marine accidents.

Casualties  tradewindsnews.com 18 hours old Gary Dixon

Swedbank's impairments drop to $13m

Third quarter also sees profit rise for Swedish shipping lender.

Finance  tradewindsnews.com 18 hours old Gary Dixon

Pacific Drilling unit finds work in Nigeria

Idan Ofer’s Pacific Drilling has found work for one of its idle units. Nigerian Agip Exploration has chartered the Pacific Bora for one firm well with two options, beginning next month, a statement said. Idan Ofer strikes key deal with Pacific Drilling bondholders Paul Reese, chief executive of Pacific Drilling, said the deal follows fresh employment for the Pacific Santa Ana in Mauritania and

Offshore  tradewindsnews.com 18 hours old Andy Pierce

Britannia boss explains mutual's decision to freeze 2019 premiums

Andrew Cutler says cash-rich clubs cannot yet justify a rise in rates despite negative market trends

Insurance  tradewindsnews.com 18 hours old Adam Corbett

Scrubbers and lending are focus of debate in Greece

The debate about scrubbers and upcoming environmental rules dominated much of the discussion at the latest Marine Money event in Greece, as is often the case at shipping-themed events these days. Powerful and influential players such as Theodore Veniamis, head of the Union of Greek Shipowners, aired their views on the matter in front of about 400 delegates gathered at the Hilton hotel in central

Finance  tradewindsnews.com 18 hours old Harry Papachristou

Tufton Oceanic Assets takes full control of LPG carrier

London-listed shipowner quick to set fresh round of capital to work.

Finance  tradewindsnews.com 19 hours old Andy Pierce

Global Marine's 29-ship fleet up for sale

New York group examining strategic alternatives for OSV player.

Offshore  tradewindsnews.com 20 hours old Gary Dixon

Solstad seeks more cash as winter looms

OSV giant starts talks with lenders to boost liquidity ahead of "challenging" period.

Offshore  tradewindsnews.com 20 hours old Gary Dixon and Andy Pierce

Wartsila: 2019 scrubber deliveries nearly sold out

Marine chief Roger Holm says situation is now "extremely urgent" for owners.

Finance  tradewindsnews.com 21 hours old Gary Dixon

Indian captain shortlisted for IMRF Hero award

VIDEO: Siddarth Sharma's vessel helped rescue two French fishermen adrift for three days.

Casualties  tradewindsnews.com 21 hours old Gary Dixon

Blue Ocean Maritime postpones London IPO

Hedge fund-backed ship finance vehicle says it intends to proceed with listing, but at a later date.

Finance  tradewindsnews.com 22 hours old Dale Wainwright

Vroon opts for Thai flag for anchor handler

Dutch owner switches modern vessel currently working in Gulf of Thailand to local register.

Offshore  tradewindsnews.com 24 hours old Dale Wainwright

European shipowners welcome EU-Singapore FTA

Call for quick ratification of treaty before the end of European Commission’s current mandate in 2019.

Finance  tradewindsnews.com 23 Oct 01:45 GMT Dale Wainwright

Scorpio Bulkers narrows losses

New York-listed bulker player sees higher revenue but misses Wall Street consensus amid $2m write-off in financing costs.

Finance  tradewindsnews.com 22 Oct 18:07 GMT Michael Juliano

Wild rate talk sweeps LNG market

Brokers say $200,000 per day agreed on a vessel as tonnage pool evaporates.

Gas  tradewindsnews.com 22 Oct 15:44 GMT Lucy Hine

Inttra signs out with sale to E2open

Online bookings system developed by container lines is sold to larger supply chain network software provider.

Liner  tradewindsnews.com 22 Oct 15:13 GMT Paul Berrill

No anchor-handlers working in Norway

Rates set to drop with North Sea fleet awaiting work as rig-move activity plummets.

Offshore  tradewindsnews.com 22 Oct 13:52 GMT Gary Dixon

Sailors’ Society honours pastor Chacko’s life with vow to ‘pursue his vision’

The Sailors’ Society’s 200th anniversary celebrations continued with the annual ING wine-tasting evening, during which tributes were paid to pastor Joseph Chacko and his wife, Leena, who both died in a road accident earlier this year. Joseph was the society’s regional superintendent for India and his vision — during his lifetime — was to see a seafarers’ centre in every port. Sailors’ Society ch

Casualties  tradewindsnews.com 22 Oct 13:14 GMT Geoff Garfield

Share buyout puts control of NorthCape in staff hands

External investor sell-up emerges as finance house unveils profitable annual numbers

Finance  tradewindsnews.com 22 Oct 13:12 GMT Trond Lillestolen

11 missing after cargoship sinks

Search on off China's Liaoning province following loss of sand carrier.

Casualties  tradewindsnews.com 22 Oct 13:11 GMT Gary Dixon

Owners' body calls for merger of HMM and SM Line

KSA vice chairman wants Korean lines to combine to compete with European rivals.

Liner  tradewindsnews.com 22 Oct 13:04 GMT Gary Dixon

JP Morgan sells newbuilding duo in asset play deal

JP Morgan is said to have made a profitable asset play in the sale of two capesize bulker newbuildings to ArcelorMittal, the world’s largest steel producer. US brokers said the bank has sold the 180,000-dwt Hull No 1460 and Hull No 1461 for nearly $49.3m each. JP Morgan lowers capesize recovery expectations The ships are set for delivery in 2019 and have already been named True Valor and True V

Dry cargo  tradewindsnews.com 22 Oct 13:02 GMT Trond Lillestolen

Latsis orders VLGC duo at Hyundai Heavy Industries

Greek shipowner books first newbuildings in four years.

Gas  tradewindsnews.com 22 Oct 12:58 GMT Irene Ang

First Ichthys LNG cargo loaded and ready to roll

Inpex's delayed new Australian project finally starts up

Gas  tradewindsnews.com 22 Oct 12:37 GMT Lucy Hine

Atlantic Bulk tops up ultramax fleet

Greek owner tied to purchase of modern Japanese-controlled ship.

Ship Sales  tradewindsnews.com 22 Oct 12:23 GMT Trond Lillestolen

Judge rejects D’Amico claim that Nikka stalled lawsuit

Update: A federal judge denies Italian shipowner's ongoing request to order Primera affiliate to prove ownership of a bulker in a long-standing forward freight agreement lawsuit.

Legal  tradewindsnews.com 22 Oct 12:12 GMT Michael Juliano

Mamancochet wins payout before sanctions window slams shut

UK court speeds up ruling in steel cargo theft row with insurer Aegis ahead of Trump's November deadline on Iranian deals.

Legal  tradewindsnews.com 22 Oct 11:41 GMT Gary Dixon

Marinakis linked to secondhand aframax purchase

Greek tycoon said to have added to his fleet in deal which reflects firming tanker values.

Tankers  tradewindsnews.com 22 Oct 10:56 GMT Andy Pierce and Max Tingyao Lin

UK's MCA increases fees for first time in more than 10 years

Coast guard agency says hike will allow for extra investment in services.

Finance  tradewindsnews.com 22 Oct 10:18 GMT Gary Dixon

Schulte denies tanker crew arrested after 'Gucci' cocaine found

Venezuelan authorities hold Jose Progress as probe continues into drugs find.

Tankers  tradewindsnews.com 22 Oct 10:04 GMT Gary Dixon

Torvald Klaveness dry bulk boss joins J Lauritzen

Niels Josefsen comes in as chief executive of Lauritzen Bulkers.

Dry cargo  tradewindsnews.com 22 Oct 09:32 GMT Andy Pierce

German lenders finance new Hapag cruiseship

KfW and Commerzbank funding third expedition vessel at Vard.

Finance  tradewindsnews.com 22 Oct 09:12 GMT Gary Dixon

Greek golf weekend defies bad weather

Cyclone Zorbas could not dampen the competitive spirit as nearly 200 shipping executives arrived in Greece for the Greek Maritime Golf weekend in the south-western Peloponnese. Thomas Miller's 'Play for Pink' proves another success Baltic gets tipsy on Lloyd’s bank account as golf match proves hit On the Saturday, gales battered the Costa Navarino resort, where the annual event was taking place

Dry cargo  tradewindsnews.com 22 Oct 08:57 GMT Harry Papachristou

VLGC boost from Marcus Hook faces more delays

Energy Transfer reportedly expects to fully complete the construction of the Mariner East 2 system only in 2020.

Gas  tradewindsnews.com 22 Oct 08:55 GMT Max Tingyao Lin

Wilson says premiums unlikely to rise despite mounting pressure

London-based broker Wilson Europe predicts members of the International Group of Protection & Indemnity Clubs will choose to freeze premiums for next year, but it says pressure is mounting for change. Wilson Europe cautions over P&I clubs’ Lloyd’s exposure Setting out its forecasts in a report, the P&I broker says overall the group's underwriting performance in the past year has been poor, maske

Insurance  tradewindsnews.com 22 Oct 08:53 GMT Adam Corbett

Aframax market catches fire as winter warming arrives

Caribbean cargoes driving upturn with rates well above 2018 averages.

Tankers  tradewindsnews.com 22 Oct 08:44 GMT Andy Pierce

NOC denies tanker terminal protest

Libyan oil company says no demonstrations at Hariga despite claims from Obeidi tribe.

Tankers  tradewindsnews.com 22 Oct 08:42 GMT Gary Dixon

Bourbon bags Portuguese wind farm deal

French owner to install three turbines off Viana do Castelo.

Offshore  tradewindsnews.com 22 Oct 08:30 GMT Gary Dixon

SK scales back VLCC and VLGC scrubber plans

South Korean owner to instal EGCS on 18 tankers and LPGCs.

Tankers  tradewindsnews.com 22 Oct 08:12 GMT Gary Dixon

Noble Group files Chapter 15 papers as it seeks restructuring

Debt for equity swap and $800m in new financing form part of plan.

Dry cargo  tradewindsnews.com 22 Oct 08:11 GMT Andy Pierce

Oldendorff ship bashes Japanese bridge

Water cut off as Erna Oldendorff hits crossing and pipeline near Yanai City.

Casualties  tradewindsnews.com 22 Oct 07:39 GMT Gary Dixon and Andy Pierce

NYK's Ninja to detect potential engine problems

New software to provide early warnings from combustion chambers.

Casualties  tradewindsnews.com 22 Oct 07:07 GMT Gary Dixon

Golden Ocean capesize fights off pirate attack

Security team exchanges fire in sustained battle with gunmen in skiff off Somalia.

Dry cargo  tradewindsnews.com 22 Oct 06:49 GMT Gary Dixon

BW Group seals long-term charters for two LNG newbuilds

Pavilion Energy will double its LNG carrying capacity with deal for two MEGI vessels.

Gas  tradewindsnews.com 22 Oct 06:17 GMT Dale Wainwright

Dalian Shipbuilding books LNG bunker tanker newbuilding

Vessel will be deployed at Zhoushan International LNG terminal following delivery in mid-2020.

Gas  tradewindsnews.com 22 Oct 02:41 GMT Dale Wainwright

AVIC confirms talks underway over future of yards

Singapore-listed arm says discussions are on-going, but that no definitive agreements has been made.

Shipyards  tradewindsnews.com 22 Oct 00:48 GMT Dale Wainwright

No sale for Golden Ocean bulker brace

Two ultramax bulkers in the fleet of Golden Ocean are reported sold, but TradeWinds is told this is not the case. The 60,000-dwt Golden Cecilie and Golden Kathrine had been reported sold for $26m each.

Dry cargo  tradewindsnews.com 21 Oct 15:12 GMT Trond Lillestolen

Navios Containers to turn into LP

Navios Partners to distribute 2.5% stake in Navios Containers as part of plan to list new boxship LP, weeks after failed $121m IPO attempt.

Finance  tradewindsnews.com 21 Oct 05:19 GMT Michael Juliano

Teekay Offshore fixes FPSO to Alpha's Cheviot field

Alpha Petroleum Resources enters into seven-year contract for full life of North Sea drilling project.

Offshore  tradewindsnews.com 19 Oct 19:29 GMT Michael Juliano

Equity lost, equity found during Capital Link forum

It has been a long time since shipping held leverage with investors in the US capital markets, and last week's Capital Link New York Maritime Forum was in many ways a reminder of that sad fact. Leasing companies might be thriving, alternative capital providers busy, Norwegian bond and equity markets open for the right owners. Scorpio answers 'silly' deal critics Eagle eyes 'majority' of 18-scru

Finance  tradewindsnews.com 19 Oct 17:00 GMT Joe Brady

UOS and Hartmann merger completed

The combined Germany-based entity will manage 13 AHTS units.

Offshore  tradewindsnews.com 19 Oct 16:22 GMT Rijuta Dey Bera

Dof Subsea to consider bond issue

Norwegian OSV owner plans to hold series of investors meetings to look at refinancing Subsea 7 segment through debt.

Finance  tradewindsnews.com 19 Oct 16:05 GMT Michael Juliano

Donald Trump targets delay to IMO 2020 implementation

Administration is concerned about how new rules would push up fuel prices for US consumers.

Tankers  tradewindsnews.com 19 Oct 15:51 GMT Andy Pierce

Braemar ACM brings in two capesize brokers from SSY

Brokerage adds to Singapore team to continue growth of its bulker division.

Dry cargo  tradewindsnews.com 19 Oct 14:01 GMT Andy Pierce

DZ closes on piecemeal DVB sale, but shipping remains on shelf

German bank has given up on finding single buyer for transport finance division.

Finance  tradewindsnews.com 19 Oct 13:22 GMT Gary Dixon

EMGS homes in on data work for Atlantic Guardian

Owner mobilising vessel for work in South America.

Offshore  tradewindsnews.com 19 Oct 13:10 GMT Gary Dixon

Comec takes loss-making Wenchong Dockyard from parent

In an intra-group deal, Comec agrees to pay CNY 498.3m for the facility adjacent to Guangzhou Shipyard International’s Nansha plant.

Shipyards  tradewindsnews.com 19 Oct 13:05 GMT Max Tingyao Lin

Three crew killed by toxic fumes on cargoship

Seven more seafarers taken to hospital after incident on Nezmehr off Azerbaijan.

Casualties  tradewindsnews.com 19 Oct 13:03 GMT Gary Dixon

Hartmann: no boxship deal yet

German owner says it is in talks over sale of quartet, but nothing has been signed.

Ship Sales  tradewindsnews.com 19 Oct 11:49 GMT Gary Dixon

Gearbulk waits on future of open hatch veterans

Gearbulk has not decided what to do with its 1980s built vessels, executives say. TradeWinds reports today that competitor Masterbulk has sold its last open hatch ships built before 1990. Masterbulk sells final two 1980s-built bulkers for recycling in Alang The 43,000-dwt Geiranger and Grindanger (both built 1986) have gone for guaranteed green recycling to India. Gearbulk’s oldest ships ar

Dry cargo  tradewindsnews.com 19 Oct 10:48 GMT Trond Lillestolen

Four hurt as boxship and ferry collide

Roof torn off Fast Cat M11 in clash with OCL vessel off Philippines.

Casualties  tradewindsnews.com 19 Oct 09:51 GMT Gary Dixon

Fesco vessel wins Antarctic supply deal

Icebreaker Vasiliy Golovnin set for three-month voyage to Indian research stations.

Offshore  tradewindsnews.com 19 Oct 09:17 GMT Gary Dixon

Pedersen: low discovery rate to boost seismic market

PGS CEO says sector will also be bolstered by higher oil price.

Offshore  tradewindsnews.com 19 Oct 09:01 GMT Gary Dixon

Scrubber investment helps spur DHT upgrade at JP Morgan

Higher rating comes despite bank expecting only a modest recovery in big tanker market.

Tankers  tradewindsnews.com 19 Oct 08:40 GMT Andy Pierce

NWS turns around first-half loss

Rising revenue boosts Russian cargoship company's earnings.

Finance  tradewindsnews.com 19 Oct 08:19 GMT Gary Dixon

Pantheon Tankers tipped to have sold veteran VLCC

Pantheon Tankers of Greece is said to have sold its oldest VLCC in a transaction which brokers believe provides a strong indicator for asset values. Market sources indicate the company has sold the 305,700-dwt Astro Chorus (built 2001). A price in the region of $21.5m is being suggested for the DSME-built tanker, which was first flagged as a sales candidate this summer. Pantheon moves to VLCCs

Tankers  tradewindsnews.com 19 Oct 07:30 GMT Andy Pierce

Aponte gets behind MSC's live container tracking

CEO says TRAXENS partnership is future of the shipping industry.

Liner  tradewindsnews.com 19 Oct 07:15 GMT Gary Dixon

Jeff Bezos company confirms Stena ro-ro swoop

Stena Freighter reaches Florida as it prepares for rocket-launching role.

Ship Sales  tradewindsnews.com 19 Oct 06:45 GMT Gary Dixon

Woodside aims for Browse FID in 2020

Giant gas resource off northwestern Australia slowly moving towards realization.

Gas  tradewindsnews.com 19 Oct 04:13 GMT Dale Wainwright

Sinotrans Shipping privatisation plans delayed

Shipowner says more time is required to complete takeover document and secure court approval.

Finance  tradewindsnews.com 19 Oct 01:36 GMT Dale Wainwright

Canada reminds seafarers that marijuana is not allowed

Transport Canada issues safety bulletin underlining illegality of smoking cannabis aboard ships after country legalises recreational use.

Legal  tradewindsnews.com 18 Oct 21:57 GMT Michael Juliano

Canfornav’s Michael Hagn dies at 74

President and chief executive had been force behind transition to shipowning; Knud Jensen to take over.

Dry cargo  tradewindsnews.com 18 Oct 18:48 GMT Eric Martin

DSME boasts largest backlog of LNG ships

Shipbuilder is optimistic on LNG despite consultants' pessimistic forecasts

Shipyards  tradewindsnews.com 18 Oct 17:00 GMT Irene Ang

Newcomer Nantong Xiangyu bucks downturn with yard upgrades

Company executive details drive for productivity at fledgling yard, which has filled its berth slots to early 2021 and has 40 newbuildings on order

Shipyards  tradewindsnews.com 18 Oct 17:00 GMT Irene Ang

Masterbulk sells final two 1980s-built bulkers for recycling in Alang

Masterbulk, the Singapore-based company of Norwegian shipowner Westfal-Larsen, has sold its last 1980s-built open-hatch bulkers for demolition. Westfal-Larsen upbeat despite ongoing losses European shipbrokers said the 43,000-dwt Geiranger and Grind­anger (both built 1986) have been sold for green recycling in India. Controlled by Masterbulk since delivery, they are likely to have fetched abou

Dry cargo  tradewindsnews.com 18 Oct 17:00 GMT Trond Lillestolen

Yangzijiang looks past shipbuilding to bump up earnings

Yangzijiang re-emerges as shipowner in Mitsui & Co venture with half-built vessels from collapsed shipyards

Shipyards  tradewindsnews.com 18 Oct 17:00 GMT Irene Ang

Japanese industrial giants reposition as orders dwindle

Publicly quoted outfits are focusing on their strengths and working with peers to compensate for their weakness

Tankers  tradewindsnews.com 18 Oct 17:00 GMT Adam Corbett

'2020 wild card' could buoy shipbuilding

Contracting levels are still low but, according to market analysts, shipbuilders could be about to benefit from environmental regulation

Tankers  tradewindsnews.com 18 Oct 17:00 GMT Adam Corbett

Markets align for rally in newbuild prices

London-based shipping analyst predicts shipyard prices will continue to recover, at least until 2021

Shipyards  tradewindsnews.com 18 Oct 17:00 GMT Adam Corbett