Ampelmann inks two new contracts in Asia Pacific

Dutch ‘walk-to-work’ specilaist boosts Asian footprint with contracts in India and Indonesia.

Offshore  tradewindsnews.com 36 minutes old Dale Wainwright

'Paris MOU-turn' on data doesn’t go far enough

I was happy to read that the Paris MOU is looking into reversing its decision to cut off its data feed. On the surface, this is a victory for maritime safety and security, and for common sense. ‘Serious threat’ to safety as Paris MOU pulls its data feed Paris MOU could backtrack over withholding access to bulk data Yet as your article makes clear, the Paris MOU is only “ready to consider” indiv

Casualties  tradewindsnews.com 2 hours old Eric Martin

Bellships begins search for new CEO

Outgoing boss Muller says time has come for “others to take over the leadership” of the company.

Dry cargo  tradewindsnews.com 2 hours old Dale Wainwright

Tariff truce prompts speculation over US-China tanker trade

China’s return to the US Gulf tanker market will boost longhaul VLCC demand, but total tonne miles might not increase much if the country reduces buying of other Atlantic barrels.

Tankers  tradewindsnews.com 3 hours old Max Tingyao Lin

Mardi Gras moniker is nod to Carnival’s first ‘fun ship’

Carnival Cruise Line is winding the clock back almost 50 years by naming its largest ever vessel the Mardi Gras. The Miami-based cruise giant revealed the name on US TV game show Wheel of Fortune. Is bigger always better when you are on a ship that feels like a city? Meyer Turku in Finland will deliver the 180,000-gt, XL-class newbuilding in 2020, which has been named in what Carnival Cruise Li

Passenger ships  tradewindsnews.com 10 hours old On Watch

New management team to drive chartering giant Hanseatic Unity

Shareholders ring the changes at one of the world’s largest container tonnage providers

Liner  tradewindsnews.com 10 hours old Ian Lewis

Good times roll again — but how long can clean tanker revival last?

As the sector benefits from rising demand and freight rate strength, owners enjoying the festive feeling can only hope it is the gift that keeps on giving

Tankers  tradewindsnews.com 10 hours old Terry Macalister

Maersk set to build alliances, not merely cut carbon

World’s biggest container shipping group has set an ambitious decarbonisation target but acknowledges it will need collective endeavour to get there

Liner  tradewindsnews.com 10 hours old Julian Bray

Offen and MSC team up on installing hybrid scrubbers

Nine 14,000-teu ships to be fitted with environmentally-friendly scrubbers after agreeing chunky charter extensions with Swiss liner operator

Liner  tradewindsnews.com 10 hours old Ian Lewis

Kumiai Navigation orders bulker duo at Nacks and Dacks

Singapore shipowner books newbuildings against long-term charters

Dry cargo  tradewindsnews.com 10 hours old Irene Ang

Japan’s JX Ocean returns to Mitsubishi Heavy for two more VLGC newbuildings

Shipowner secures employment for trio of gas carriers booked at Japanese shipyard

Gas  tradewindsnews.com 10 hours old Irene Ang

Cuts by Opec and allies will not derail tanker market recovery

US exports and IMO 2020 could offer support to earnings against short-term headwinds

Tankers  tradewindsnews.com 10 hours old Max Tingyao Lin

Shipowners need to plan ahead to pass the 2020 test

Closely detailing and documenting how owners intend to comply with the sulphur emissions cap will help them avoid costly fines come deadline day, writes Adam Corbett in London

Legal  tradewindsnews.com 10 hours old Adam Corbett

Small Greek owners emerge as active buyers of handy bulkers

Several vintage vessels changed hands in the summer but buying has ebbed in recent weeks

Dry cargo  tradewindsnews.com 10 hours old Harry Papachristou

Shell LNG carrier earmarked for El Salvador’s first FSRU

Moss-type vessel preferred over membrane ship due to the exposed location for a regas unit

Gas  tradewindsnews.com 10 hours old Lucy Hine

Bidders given more time for Sri Lanka’s first FSRU

Companies offering to provide a floating storage and regasification unit, infrastructure and LNG supply for Sri Lanka’s first receiving terminal have been given until the end of January to submit their offers. The Sri Lanka Ministry of Power and Renewable Energy originally asked participating parties to come in with their counter offers by 12 December but has since extended this to 31 January. S

Gas  tradewindsnews.com 10 hours old Lucy Hine

Atlas and Emarat get onboard for launch of Concord aframax pool

Former Heidmar veterans’ young management vehicle is underway with seven tankers

Tankers  tradewindsnews.com 10 hours old Joe Brady

Penfield continues steady build-up of aframax pool

Penfield Marine continues a gradual build-up of its aframax pool with three tankers scheduled to deliver this week. The additions will build its aframax fleet to 15 vessels contributed by nine partners, up by half from 10 tankers and six members since the start of the summer. The increase fits Penfield’s goal of controlled growth on the aframax side while keeping its pool of panamaxes ­relativel

Tankers  tradewindsnews.com 10 hours old Joe Brady

Gunvor joins German duo in $50m product tanker play

Trading giant and partners tap Norwegian KS system to fund acquisition of three vessels, with a fourth in the works

Tankers  tradewindsnews.com 10 hours old Andy Pierce and Trond Lillestolen

Bulkers on the block as HNA fleet sell-off enters endgame

HNA Technology is readying its last seven ships for sale after the depart­ure of a series of key officials. At least two of its remaining seven bulkers — a panamax and a capesize — are being circulated for sale and a company official said plans are proceeding towards the disposal of the entire fleet. Brokers said the 79,500-dwt Grand Amanda (built 2011) was ­offered for inspection at the end of

Dry cargo  tradewindsnews.com 10 hours old Bob Rust

Pacific Carriers on brink of MR order at STX shipyard

STX back in business after fulfilling terms of main shareholder KDB

Tankers  tradewindsnews.com 10 hours old Irene Ang

South Korean shipowners poised for bulker spree at China's New Times

Polaris Shipping, H-Line and Pan Ocean said to be ordering $594m-worth of 210,000-dwt bulkers on the back of COAs from Brazil's Vale

Dry cargo  tradewindsnews.com 10 hours old Irene Ang

CSIC Leasing signs capesize orders at Qingdao Beihai Shipbuilding

Chinese leasing company's new bulkers have been ordered against long-term charters from RWE

Dry cargo  tradewindsnews.com 10 hours old Irene Ang

MISC sells its oldest LNG ship for demolition in Bangladesh

Kuala Lumpur-based MISC has sold its oldest LNG carrier for recycling in Bangladesh. Although details of the deal only came to light this week following the arrival of the 130,000-cbm Tenaga Lima (built 1981) in Chittagong, the sale appears to have been lined up back in October. The IHS ships register indicates that ownership of the Tenaga Lima was transferred to a St Kitts and Nevis-registered

Gas  tradewindsnews.com 10 hours old Jonathan Boonzaier and Lucy Hine

MOL in frame to land second Uniper LNG newbuilding

Japanese shipowner continues to push for fleet expansion with both conventional vessels and FSRUs

Gas  tradewindsnews.com 10 hours old Lucy Hine

Spot rates for LNG carriers soften as tonnage pool grows

Spot charter rates for LNG carriers have slipped back but are still holding up at six-figure levels for modern tonnage. Brokers said ships fitted with high-pressure and low-pressure gas injection propulsion systems are attracting rates of $150,000 per day plus. They peg daily levels for tri-fuel and dual-fuel diesel-electric ships in the region of $130,000. But rates for steam turbine-driven sh

Gas  tradewindsnews.com 10 hours old Lucy Hine

Alpha Bulkers linked to idled Five Stars capesize

Greek owner identified as buyer in Chinese auction, in probable speculative play

Dry cargo  tradewindsnews.com 10 hours old Harry Papachristou

Viken secures time charters for freshly purchased trio

Norway's Viken Shipping has concluded time-charter arrangements for all three handysize tankers that the company bought last month from German KG (limited partnership) outfits managed by Rigel Schiffahrts. Viken buy takes it into handysize tanker sector European shipbroking sources said the Bergen-based shipowner has chartered the 37,000-dwt Zambezi Star (built 2010) to Trafigura Beheer, while

Tankers  tradewindsnews.com 10 hours old Trond Lillestolen

Magseis in talks over new North Sea contract

Norwegian seismic survey ship company Magseis is finalising a contract with an undisclosed client in the North Sea. It will provide 4D seabed data using a MASS-Modular crew for the project. The duration of the contract is estimated at two months. It will start during the summer of 2019.

NEWS  tradewindsnews.com 13 hours old Gary Dixon

Scorpio Bulkers adds to contract cover

Scorpio Bulkers has added to its time charter cover ahead of the seasonally weaker first quarter. New York-listed Scorpio Bulkers says the 60,000-dwt SBI Hera (built 2016) has been fixed out for four to six months. Scorpio firms reveal $122m scrubber investment Scorpio placed a $14,850 per day rate on the charter but did not disclose the other party involved. It is the ninth time charter contr

Dry cargo  tradewindsnews.com 13 hours old Andy Pierce

TUI cruise investments paying off as profit rises

German cruiseship group TUI has said investments in new ships are paying off as profit rises. In its 2018 financial year, both capacity and earnings have seen growth, it added. Underlying EBITA was up 26.8% to EUR 324m ($367.5m). The average rate per passenger per day was EUR 178 for TUI Cruises, up from EUR 173 a year ago. The figure for Marella Cruises was £141 ($178m), up from £131, and for

Passenger ships  tradewindsnews.com 13 hours old Gary Dixon

Celsius Shipping buys product tanker number six

Celsius Shipping continues to build its product tanker presence with the Danish owner having now amassed six of the ships since entering the space earlier this year. Celsius moves into product tankers as Kirk seals exit Celsius Shipping adds to product tanker market exposure Jeppe Jensen’s Celsius Shipping took a foothold in product tankers in May with the purchase of two medium range and two h

Tankers  tradewindsnews.com 13 hours old Andy Pierce

Bulker sentiment firms on China’s resumption of US soybean imports

Futures markets has found optimism from the revitalised trade.

Dry cargo  tradewindsnews.com 14 hours old Max Tingyao Lin

Seized Gourdomichalis ship carrying wheat set for Yemen

The Vigorous was scheduled to depart for the war-torn country when it was detained on the Columbia River

Legal  tradewindsnews.com 14 hours old Matt Coyne

VIDEO: Navios subsidiary fined $2m for oily discharge

Footage shows waste being pumped overboard from Navimax Corporation ship off US.

Tankers  tradewindsnews.com 14 hours old Gary Dixon

ONE hosts first stowage safety summit

Japan's containership giant Ocean Network Express (ONE) has held its first Global Stowage Planning Office (SPO) Summit to improve planning and safety. It gathered together 11 representatives from seven countries in Kumamoto in Japan, as well as five representatives from headquarters in Singapore, including managing director Yasuki Iwai. Attendees discussed how ONE can improve stowage skills by u

Liner  tradewindsnews.com 15 hours old Gary Dixon

Mexican drug kingpin tried to enlist Pemex to aid smuggling

The Mexican drug kingpin known as El Chapo wanted to enlist the help of Mexico’s state oil company to move cocaine, a witness testified at his federal trial Wednesday. According to media reports from the trial, Columbian drug lord Jorge Cifuentes told the Brooklyn federal court that El Chapo – real name Joaquin Guzman Loera – met with two Pemex officials in 2007. Tanker damaged, fuel leaks after

Legal  tradewindsnews.com 16 hours old Matt Coyne

New IMO-compliant fuels to emerge amid pricing and specification risks

While fuel availability is unlikely to be an issue, ship operators will need to adjust to the new products and higher costs

Legal  tradewindsnews.com 16 hours old Max Tingyao Lin

Could blending fuels hamper quality?

Shipowners are becoming increasingly concerned that new low-sulphur blended fuels, which will enter the market in 2020, might be even more prone to contamination than fuels currently available. Fears over fuel quality were reignited when about 200 ships suffered damage to their main engines, and total breakdown in some cases, after taking on contaminated bunkers in Houston and Singapore earlier t

Casualties  tradewindsnews.com 16 hours old Adam Corbett

BW LPG lines up to be the first with an LPG-fuelled vessel

Pontus Berg explains retrofit job on VLGC quartet and why the fuel might have the edge over LNG

Gas  tradewindsnews.com 16 hours old Lucy Hine

LNG fuelling proves to be a slow burner for the industry

But the next wave of newbuildings for deepsea vessels across all types could change that

Gas  tradewindsnews.com 16 hours old Lucy Hine

HSFO set for long life despite IMO 2020 deadline

Even though there could be logistics challenges in securing supply, HSFO is not expected to disappear from the bunker mix with the number of scrubber-fitted ships set to increase

Legal  tradewindsnews.com 16 hours old Max Tingyao Lin

Hapag-Lloyd prepares to test all 2020 compliance solutions

Container line explains practicalities of plans to trial scrubbers and LNG fuelling

Gas  tradewindsnews.com 16 hours old Lucy Hine

SGMF digs deep into gas' impact from 'well to wake'

One of the arguments voiced against LNG fuelling is that while it eliminates SOx emissions, reduces particulates to virtually zero and emits 90% fewer NOx emissions than existing heavy fuel oil, it still emits CO2. But just how clean is gas overall for use in the marine world? SGMF’s LNG bunkering tool set for wider industry roll-out The Society for Gas as a Marine Fuel (SGMF), in partnership w

Gas  tradewindsnews.com 16 hours old Lucy Hine

Transition choices emerge to meet the IMO's 2030 target

As many owners are grappling with their options for 2020, others are exploring their fuel alternatives for the years ahead

Tankers  tradewindsnews.com 16 hours old Lucy Hine

Hydrogen carrier prepares for its marine debut in Japan

Seen as a zero-carbon alternative for 2050 and beyond, Japan is putting a pilot marine supply project into play

Gas  tradewindsnews.com 16 hours old Lucy Hine

LPG given the big sell as a cheaper fuel alternative

On LPG fuelling, Pontus Berg is convinced of one thing. “It will be cheaper than [other 2020] compliant fuel,” BW LPG’s head of technical and operations says. “I’m certain of that.” He says LPG today is either cheaper or, at worst, on a par with heavy fuel oil and definitely priced lower than the 0.1% low-­­sulphur fuel oil used in emission control areas and sulphur emission control areas, as wel

Gas  tradewindsnews.com 16 hours old Lucy Hine

Industry must go ‘last mile’ on LNG bunkers — Hapag-Lloyd

Jorg Erdmann estimates that it will take until 2025 before there is worldwide LNG bunker coverage. Hapag-Lloyd’s senior director of sustainability accepts that LNG fuelling might be available by 2020 in major ports such as Rotterdam, but says the big challenge is the robustness of the infrastructure on the main shipping routes. Shell spearheads global march in LNG bunkering Erdmann says Hapag-L

Liner  tradewindsnews.com 16 hours old Lucy Hine

Business focus: Time to take action on fuel compliance

Adam Corbett, Lucy Hine, Max Tingyao Lin and Paul Berrill explore the options on offer for shipowners for IMO 2020 and beyond

Legal  tradewindsnews.com 16 hours old TradeWinds staff

Scandlines triumphs in tunnel financing appeal

Ro-pax company says Fehmarn project has "practically come to a stop."

Legal  tradewindsnews.com 16 hours old Gary Dixon

Maersk Broker takes stake in NAODAN Chartering

Maersk Broker has struck its second expansionary deal in a week, with its latest move growing its geographical footprint. Maersk Broker Bulk Chartering has become a major shareholder in NAODAN Chartering, it announced today. Dan Valente, president of NAODAN Chartering, will continue to lead the company, which is well established on the west coast of the US and Canada, and Alaska. The NAODAN nam

Dry cargo  tradewindsnews.com 17 hours old Andy Pierce

HHI beats order target with 153 ship contracts

Korea's Hyundai Heavy Industries (HHI) has exceeded its 2018 order target after new deals reached 153 ships on Thursday. The company said that after adding two navy frigates, it had contracts in the bag worth $13.3bn. It had been aiming for $13.2bn this year. HHI has added 25 LNG carriers and 15 LPG carriers so far in 2018, "a segment where the group is placed in an unparalleled position," it s

Shipyards  tradewindsnews.com 17 hours old Gary Dixon

Stena Bulk takes two tankers from Arne Blystad on time charter

Swedish owner grows fleet with contract for two modern medium range ships.

Tankers  tradewindsnews.com 17 hours old Trond Lillestolen

Pacific Drilling sets date for return to New York Stock Exchange

Pacific Drilling is set to resume trading on the New York Stock Exchange after completing a complex restructuring. Shares in the company will return to the exchange on 18 December, Pacific Drilling says. Idan Ofer strikes key deal with Pacific Drilling bondholders The Idan Ofer-backed firm closed a $1.5bn revamp under Chapter 11 protection and exited the process last month. The overhaul, into

Offshore  tradewindsnews.com 18 hours old Andy Pierce

"Immature" safety system criticised after crewman crushed

A "weak" safety culture has been criticised after a seafarer was crushed to death on a Greek cargoship in the UK in February. The Maritime Accident Investigation Branch (MAIB) said Alfred Ismaili, 36, was killed on the 2,500-dwt SMN Explorer (built 1986) at King's Lynn when a stowage space hatch cover fell on him. The weight of the crewman climbing up the inside of the open hatch cover after its

Casualties  tradewindsnews.com 18 hours old Gary Dixon

Big names line up for Cosco's Long Beach terminal

A trio of well-known finance heavyweights with strong interests in shipping have emerged as potential buyers of Cosco Shipping Holdings' Long Beach Terminal. Cosco said to aim for more than $1bn for Long Beach terminal Blackstone, KKR & Co and Macquarie Group have all shown interest in Long Beach, according to Bloomberg. EQT Partners is also said to be in the race. People familiar with the sale

Finance  tradewindsnews.com 18 hours old Andy Pierce

Awilco Eco Tankers inks profitable charter

Joint venture cashes in on crude market surge to lock in a period charter.

Weekly  tradewindsnews.com 19 hours old Trond Lillestolen

VIDEO: storm beaches bulker in Russia

A Lebanese bulker has grounded in a storm off Russia. Kuban News cited the press service of the ministry of internal affairs as saying the 17,800-dwt Rio (built 1985) was forced ashore near Novorossiysk on 12 December. There were 21 crew on board, but no injuries were reported. The captain had requested a tow to enter the port, but bad weather prevented help reaching the vessel. No vis

Casualties  tradewindsnews.com 19 hours old Gary Dixon

Chemical tankers and bulkers get unexpected bonus from US-China trade war

Deal for up to 400,000 tonnes per year of soybean oil could be followed by soil meal

Dry cargo  tradewindsnews.com 20 hours old Jonathan Boonzaier

EU list of approved shipbreakers stirs controversy as D-Day looms

Arguments rage over capacity to handle scrapping of European-flag vessels ahead of end-of-year deadline

Casualties  tradewindsnews.com 20 hours old Geoff Garfield

Samsung wins another LNG carrier order worth $187m

Gas vessel order run shows no sign of stopping at Korean yards.

Gas  tradewindsnews.com 20 hours old Gary Dixon

Nordea beefs up risk compliance with management changes

Nordic lender consolidates risk management under former CRO Julie Galbo.

Finance  tradewindsnews.com 20 hours old Gary Dixon

Braemar brings in Nick Stone as finance director

UK broker says interim CFO James Hayward to leave the company after handover period.

Finance  tradewindsnews.com 21 hours old Gary Dixon

Kiwis fine tanker captain for being over the limit

New Zealand take firm stance with skipper saying fine is a “strong reminder and warning to seafarers”.

Casualties  tradewindsnews.com 22 hours old Dale Wainwright

Archipelago Philippines to splash $34m on new ferries

Ferry operator lines up loan to order five new fast ferries.

Passenger ships  tradewindsnews.com 13 Dec 02:48 GMT Jonathan Boonzaier

FSL Trust to sell ships to help fund newbuildings

Singapore-listed shipowner said it aims to raise around $21.3m from asset disposals.

Tankers  tradewindsnews.com 13 Dec 02:33 GMT Dale Wainwright

Hoegh PCTC falls foul of UK port state control

Twelve defects found during inspection as Norwegian-flagged vessel among six detained.

Casualties  tradewindsnews.com 13 Dec 00:41 GMT Dale Wainwright

International Seaways trumpets tanker market confidence

International Seaways believes good times are on the way for the tanker market. Chief executive Lois Zabrocky said tanker rates have shot up considerably in the past few weeks weeks and lower oil prices should boost demand, which will be positive for the tanker segment look up for 2019. Cuts by Opec and allies will not derail tanker market recovery Secondhand product tanker market attracts inve

Tankers  tradewindsnews.com 12 Dec 21:55 GMT Matt Coyne

Glendon Capital buying up StealthGas shares

The company has more than doubled its position in LPG vessel owner since the start of this year.

Gas  tradewindsnews.com 12 Dec 21:51 GMT Matt Coyne

Roswell Tankers snaps up K Line aframax

Roswell Tankers Corp of Greece is said to have purchased an aframax tanker from Japan's K Line that had been previously reported to have been sold to the Latsis family. European brokers said the 115,000-dwt Singapore River (built 2009) has gone for the same $23.3m price tag that Latsis was said to have paid in a deal that was not completed. Varun aframax set for Singapore auction The price fo

Tankers  tradewindsnews.com 12 Dec 15:39 GMT Trond Lillestolen

Hansson holds on to Nordic American Offshore shares as baton passes to Lauro

Nordic American Tankers and Hansson family diluted but remain significant shareholders in PSV specialist.

Offshore  tradewindsnews.com 12 Dec 15:15 GMT Andy Pierce

Petrobras to open “crude supermarket” in Qingdao

Port has signed a long-term deal with Petrobras to lease out four 100,000-cbm bonded crude tanks, which bodes well for longhaul VLCC demand.

Tankers  tradewindsnews.com 12 Dec 14:58 GMT Max Tingyao Lin

Fear on home front sees Harvey Gulf turn M&A sights overseas

Harvey Gulf head Shane Guidry has a strong message for rivals as he trumpets consolidation.

Offshore  tradewindsnews.com 12 Dec 14:49 GMT Matt Coyne

Product tanker scrapping at highest level since 2012, says Scorpio

Product tanker scrapping has risen to the highest level in over half a decade at the same time as the delivery of newbuildings has slumped to the lowest seen since 2012. Data from Scorpio Tankers shows 35 product vessels going to the breakers this year. This matches the figure seen in 2012 and is only marginally below the 42 record in 2010, the world’s largest product tanker owner says. Why Sco

Tankers  tradewindsnews.com 12 Dec 14:32 GMT Andy Pierce

Global Ship Lease buys back $20m of notes

New York-listed Global Ship Lease (GSL) is spending more than $20m on buying back first priority secured notes. It said investors had tendered above the maximum $20m amount under the repurchase programme, and the notes would be accepted on a pro-rata basis. The $360m, 9.875% notes are due in 2022. The aggregate purchase price, inclusive of accrued and unpaid interest, is $20.55m.

Finance  tradewindsnews.com 12 Dec 14:20 GMT Gary Dixon

TT-Line goes green with new Jinling ro-pax order

German owner inks deal for up to two new vessels in China.

Shipyards  tradewindsnews.com 12 Dec 13:25 GMT Gary Dixon

German owners express competitive concerns

Alfred Hartmann tells politicians his country must remain competitive in the face of new challenges.

Finance  tradewindsnews.com 12 Dec 11:51 GMT Ian Lewis

NAO takes term deal as PSV rates spike

A Nordic American Offshore (NAO) platform supply vessel (PSV) has been fixed for a year as rates jumped in the North Sea. Brokers reported the 4,200-dwt NAO Power (built 2013) booked by Premier Oil, with two three-month options attached. Lauro takes pole position at Nordic American Offshore Spot rates have been as high as £12,000 ($15,000) per day this week as fleet utilisation rose to 91%, the

Offshore  tradewindsnews.com 12 Dec 11:49 GMT Gary Dixon

BW Offshore giant largest ship scrapped this year

A former BW Offshore FSO sold for scrap earlier this week is heading for India as the largest vessel to go for demolition in an active 2018. Oslo-listed BW Offshore announced on 10 December the laid-up FSO Belokamenka was being sold. BW Offshore scrapping laid-up FSO for $20m Specialists place a price of between $400 and $409 per ldt on the former ULCC, which cash buyer GMS describes as “a more

Tankers  tradewindsnews.com 12 Dec 11:45 GMT Andy Pierce

WFW hires former Ince & Co lawyers to launch Athens dispute practice

Antonis Lagadianos and Evangelos Catsambas to lead expansion drive of maritime legal services with Athens as a starting point

Legal  tradewindsnews.com 12 Dec 11:19 GMT Harry Papachristou

Dennis Uy free to merge 2Go and Nenaco

The Philippines' Securities and Exchange Commission (SEC) has approved a merger between ro-ro and ro-pax owner 2Go and its parent Negros Navigation (Nenaco). 2Go said in a filing: “For purposes of the good order, the effective date of the merger is January 1, 2019.” A deal was announced in April through a share swap, with the 2Go name surviving. Chelsea confirms Marinakis MR buy as spree goes o

Passenger ships  tradewindsnews.com 12 Dec 11:11 GMT Gary Dixon

Stolt-Nielsen wins upgrade following post-summer selloff

Norne Securities has upgraded shares in Oslo-listed Stolt-Nielsen. Analysts Mindaugas Cekanavicius and Karl Johan Molnes raised Stolt from hold to buy today. Avenir LNG completes $110m private placement “The Chemical Tanker market seems to have bottomed out and the drop in oil price should reduce bunker costs, while the IMO regulation impact should be minimal for the company,” they said. They

Tankers  tradewindsnews.com 12 Dec 10:55 GMT Andy Pierce

Corroded cargoship banned by Paris MOU

The Paris MOU port state control organisation has barred a general cargoship from its ports after it was found to be corroded and cracked. The 2,900-dwt Bellatrix (built 1978) was detained for eight days in Russia's Rostov on Don last month. This followed two detentions in Turkey earlier this year and in Russia twice before that. The vessel had 17 deficiencies. Inspectors found cracked and cor

Dry cargo  tradewindsnews.com 12 Dec 10:43 GMT Gary Dixon

Mercator VLCC sales talk resurfaces

Indian conglomerate shedding last VLCC just days after selling final gas carrier

Tankers  tradewindsnews.com 12 Dec 10:31 GMT Harry Papachristou

Hamburg court calls Dr Morgen to oversee Hansa Heavy Lift insolvency

Former Rickmers Holding restructuring officer takes lead in reviewing future of Oaktree-backed company.

Finance  tradewindsnews.com 12 Dec 10:16 GMT Andy Pierce

Halul Offshore linked to ERRV sale

Qatar's Halul Offshore has reportedly sold three emergency response and rescue vessels (ERRVs) into the Netherlands. Brokers said the 1,320-hp Halul 10, 11 and 12 (all built 2002) have gone to Glomar in an en bloc deal for an undisclosed price. Glomar has 14 ships, mnoslty ERRVs. Halul has 44 OSVs in operation and three platform supply vessels (PSVs) on order.

Offshore  tradewindsnews.com 12 Dec 10:07 GMT Gary Dixon

Adnoc combines LPG and propylene shipments for first time

Abu Dhabi oil company says cargoes were loaded on to same vessel to save money.

Gas  tradewindsnews.com 12 Dec 09:39 GMT Gary Dixon

Sousa exits boards at three Fredriksen companies

Georgina E. Sousa has left the board of three companies controlled by John Fredriksen. Sousa’s exit as a director of Frontline, Flex LNG and Northern Drilling was announced in separate statements today. Shipping analysts split on possible Opec impact on tankers No reasons were given for her departure and it has not yet been possible to obtain further details. Sousa has been a director of multi

Tankers  tradewindsnews.com 12 Dec 09:22 GMT Andy Pierce

Bahri handing out $157m in dividends

Pay-out represents 15% of nominal value for VLCC giant's shareholders.

Tankers  tradewindsnews.com 12 Dec 08:11 GMT Gary Dixon

Ningbo Marine moves into tankers with debut order

Chinese owner Ningbo Marine has made a play for tanker business with a new domestic order. Brokers said the company has contracted a 10,000-dwt product carrier due in July 2020. AVIC Dingheng is building the ship, but no price was given for the contract. The Zhejiang Energy-controlled owner has an operational fleet of 41 vessels. This mostly consists of bulkers and general cargoships, but al

Tankers  tradewindsnews.com 12 Dec 07:33 GMT Gary Dixon

Swedish Club opts for no premium rise in 2019

International Group members are using their considerable cash cushion to subsidise premiums but increases are expected next year

Insurance  tradewindsnews.com 12 Dec 07:19 GMT Adam Corbett

Two Vietnamese yard bosses held in fraud probe

Former Vinashin chief and SBIC deputy accused of abetting embezzlement.

Legal  tradewindsnews.com 12 Dec 07:16 GMT Gary Dixon

Plenty in the pipeline as Nordea regains its appetite for shipping

Executives say bank has been involved in significantly higher shipping finance transaction volume this year

Finance  tradewindsnews.com 12 Dec 07:16 GMT Andy Pierce

Solutions need to be sought to avoid 2020 charterparty rows

Owners and charterers must find a way to work through the historic transition to cleaner fuels or face a legal nightmare

Legal  tradewindsnews.com 12 Dec 06:34 GMT Adam Corbett

‘Service-minded’ CTX Special Risks targets Chinese growth

Hong Kong-based boutique insurance broker has carved out a niche for itself in the greater China market after a decade in business

Insurance  tradewindsnews.com 12 Dec 05:18 GMT Adam Corbett

Novatek to speed up domestic LNG STS after US criticism

Russia’s largest LNG producer aims to launch facility in the Murmansk region by 2022.

Gas  tradewindsnews.com 12 Dec 02:39 GMT Dale Wainwright

Navig8 Chemical Tankers agrees sale and leaseback deal

OTC-listed owner uses part of proceeds to repay existing loans used to finance newbuilding contracts.

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

Lauro takes pole position at Nordic American Offshore

Lauro and management team in, Herbjorn Hansson out after Scorpio pays $5m in private placement for NAO shares.

Offshore  tradewindsnews.com 11 Dec 21:40 GMT Joe Brady and Gary Dixon

Why Scorpio Tankers could be headed for reverse split

Emanuele Lauro-led company tells investors what it sees as its pricing "sweet spot," and why better hire rates alone might not be enough to get there.

Tankers  tradewindsnews.com 11 Dec 19:54 GMT Joe Brady