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AEG orders Jones Act-compliant wind farm newbuild
Aeolus Energy Group takes the first step in building offshore wind assets.Offshore tradewindsnews.com 2 hours old
Eagle flying high on performance-based model
New York-listed bulker owner able to reduce fuel use through analysing 'smart data' on engine performance and other metrics, says chief executive Gary Vogel.Dry cargo tradewindsnews.com 3 hours old
V.Group swoops for Norddeutsche Reederei
Shipmanagement giant expands its foothold in German market with latest M&A move.Liner tradewindsnews.com 7 hours old
Flex LNG shares fly as spot market sizzles
Oslo-listed shipowner sees shares enjoy their best day in over a year, with hot market and major deal offering tail winds.Gas tradewindsnews.com 8 hours old
Evergreen takes over Chile's Green Andes
Vessel agency renamed as Taiwanese line aims to boost South American efficiency.Liner tradewindsnews.com 9 hours old
Scorpio Bulkers uses spot strength to bridge first quarter
Contracts on ultramax and kamsarmax ships signed as mid-sized vessels enjoy best rates in seven years.Dry cargo tradewindsnews.com 10 hours old
Carnival charters three vessels to Pacific forum
Arnold Donald-led cruise major's P&O Cruises Australia will fix two vessels while Princess Cruises charters a third ship to next month's APEC Summit.Passenger ships tradewindsnews.com 10 hours old
Ostensjo fixes OSV for 22 months
DeepOcean will take Edda Fauna until end of 2020.Offshore tradewindsnews.com 10 hours old
Williams bullish on bulkers amid warning technology will soften shipping rate spikes
Researcher says balance looks positive for key markets but notes shipowners could become price takers throughout the cycles.Finance tradewindsnews.com 11 hours old
POSH banks $2.48m from Kensteel claim
Singapore OSV owner gets paid after legal row over property sale.Legal tradewindsnews.com 11 hours old
Palmer's fugitive nephew heads delayed Titanic II project
Owner puts Clive Mensink in charge in Europe as $500m cruiseship replica pushed back to 2022.Passenger ships tradewindsnews.com 11 hours old
Wallem manages first Japanese-flagged ship
Manager says NYK car carrier switched register from Panama.NEWS tradewindsnews.com 12 hours old
BlackRock builds $228m position in Subsea 7
Fund moves up to third in list of OSV group's shareholders as it passes 5%.Offshore tradewindsnews.com 13 hours old
Cascading in large-boxship market is starting to spread
As charter rates fall, a ready supply of low-cost containerships in excess of 5,000 teu is encroaching on services of smaller vesselsLiner tradewindsnews.com 13 hours old
Capital agrees $200m Chinese leasing deal for VLCC quartet
Deal for Samsung newbuildings may open path to more Chinese funding for large tankers.Tankers tradewindsnews.com 13 hours old
SSY plans entry into derivatives for LNG
Simpson Spence Young (SSY) plans to make a play in LNG derivatives as new products are launched in the coming months. Chairman Mark Richardson says the company is eyeing up the new Sabine Pass LNG contract, which Cheniere Energy and financial markets company CME Group are looking to develop. "... We will be looking at it [new Sabine Pass LNG contract] closely with a view to broking it"Gas tradewindsnews.com 13 hours old
Color Line: no flag decision yet
Owner says government still debating rule change that could allow it to bring in cheaper staff.Passenger ships tradewindsnews.com 13 hours old
Uljanik Plovidba tanker arrested over wages
Australia wants more information on late payment made before Pomer arrived in Gladstone.Finance tradewindsnews.com 14 hours old
Pareto places buys on merger candidates Hunter and Okeanis
Analysts believe the companies will get their newbuildings at the right time, but will they all join one fleet?Tankers tradewindsnews.com 14 hours old
Gunvor seals $745m green loan
Trader's new cash linked to eco-performance and needed for Rotterdam and Antwerp refineries.Finance tradewindsnews.com 14 hours old
Stena Bulk inks scrubber deal for up to 21 ships
Tanker and LNG carrier owner picks China's Bluesoul to supply fleet.Tankers tradewindsnews.com 15 hours old
ONE facing bigger first-half loss as teething troubles surface
UPDATE: Japanese boxship line adds $272m to six-month deficit forecast after staff struggled with new IT systems; full year loss to be $600m.Liner tradewindsnews.com 16 hours old
MPA appoints first ever women chief executive
Ex-media head honcho and civil servant set to take the reins at Singapore maritime regulator.Casualties tradewindsnews.com 17 hours old
EMGS puts interim CEO in place
Seismic vessel owner says Bjorn Lindhom to temporarily replace Christiaan Vermeijden.Offshore tradewindsnews.com 17 hours old
Bimco: help us catch 'bad bunker' rogues
US EPA asks shipping body to carry out member survey of contaminated fuel deals.Legal tradewindsnews.com 17 hours old
EuroDry refinances four bulkers and has cash to play with
Aristides Pittas-led owner eyes further acquisitions with extra liquidity from fresh loans.Finance tradewindsnews.com 18 hours old
Fatality trims Rio Tinto third quarter iron exports
But Australian mining giant said it remains on target to meet end of full-year forecasts.Dry cargo tradewindsnews.com 20 hours old
Japanese export orders ease back in September
A lack of deals for larger ships keeps bulker-dominated order haul below 700,000-gt, JSEA figures show.Shipyards tradewindsnews.com 22 hours old
Hoegh FSRU refixed as LNG carrier
EGAS will compensate for the difference between the original FSRU contract and the new LNG carrier charter.Gas tradewindsnews.com 23 hours old
South Korea eyes $707m HMM bond buy
Government could pump cash into owner by the end of this year.Finance tradewindsnews.com 23 hours old
Scorpio in for 146 scrubbers across two fleets
Owner says financing to cover at least 60 percent of project costs that could run to $321m.Tankers tradewindsnews.com 15 Oct 21:34 GMT
Rolls-Royce pushes ahead with developing unmanned cargo ships
Autonomous global shipping system will use Intel chips.Casualties tradewindsnews.com 15 Oct 18:22 GMT
Samsung Heavy pivots from offshore to high value commercial ships
South Korean shipbuilder leaves a dry and floating dock empty as it shies away from offshore sectorShipyards tradewindsnews.com 15 Oct 18:13 GMT
Baltic Exchange escrow service goes live
New scheme aims to provide safeguards for S&P cash through Singapore bank.Ship Sales tradewindsnews.com 15 Oct 14:34 GMT
Ex-captain joins Haynes and Boone as partner
Mark Johnson leaves Reed Smith for expanding international firm.Legal tradewindsnews.com 15 Oct 14:00 GMT
CMES bags $8m scrapping subsidies
Chinese state carrier receives government handouts for scrapping vessels, which are expected to support its bottom line this year.Ship Sales tradewindsnews.com 15 Oct 13:41 GMT
European yards ride wave of cruiseship orders boom
Smaller builders share benefits of surging demand but face plenty of challenges adapting to new markets.Shipyards tradewindsnews.com 15 Oct 13:12 GMT
UK P&I Club moves into OSV cover
Insurer providing offshore owners with liability and loss packages.Insurance tradewindsnews.com 15 Oct 13:11 GMT
Ro-pax crash crew: "There was a little problem"
VIDEO: Seafarers whose vessel crashed into anchored boxship post defiant message.Casualties tradewindsnews.com 15 Oct 11:31 GMT
Stephenson Harwood poaches Ince insurance chief
Law firm appoints Joe O'Keeffe as a new partner in London.Legal tradewindsnews.com 15 Oct 10:48 GMT
Boxship charter and freight rate divergence holds lesson for PCTCs
Operators are pushing hard to improve freight rates but the relationship to time charter earnings remains critical, says Maritime Strategies International research director Niklas CarlenLiner tradewindsnews.com 15 Oct 10:44 GMT
Meriaura snaps up Shipcom pair
Finnish owner expanding fleet again with German raid.Dry cargo tradewindsnews.com 15 Oct 10:21 GMT
LNG charter rates go up another gear
Flex LNG fixture sets steamy tone and tongues wagging.Gas tradewindsnews.com 15 Oct 10:05 GMT
Strike Club to join Standard Club stable
Manager Charles Taylor integrates marine delay insurer, which can now benefit from $460m in free reserves.Insurance tradewindsnews.com 15 Oct 09:57 GMT
Ex-Maersk Line man Gokcen joins Maersk Tankers board
Danish owner brings in expertise of boxship giant's former digital chief.Tankers tradewindsnews.com 15 Oct 09:31 GMT
Mortensen quits BW LPG board
Former group CEO resigns another directorship as part of exit.Gas tradewindsnews.com 15 Oct 09:10 GMT
Dof Subsea brings in Riise as CCO
Former Ocean Installer and Subsea 7 exec focusing on growth at Norwegian OSV owner.Offshore tradewindsnews.com 15 Oct 09:03 GMT
Turkish cargo ship sinks in Black Sea, crew saved
Martinos tanker evacuates six Azeri, two Turkish seafarers.Casualties tradewindsnews.com 15 Oct 08:59 GMT
Klaveness debuts combi carrier spin-off on OTC exchange
Norwegian company worth $208m after private placement of shares.Finance tradewindsnews.com 15 Oct 07:27 GMT
Two critical after Gadani tanker fire
Seven workers suffer burns after blaze on tanker at Pakistan breaking yard.Casualties tradewindsnews.com 15 Oct 06:52 GMT
VIDEO: CMA CGM newbuilding crashes into dock
French vessel goes head-on into the side at JNPT in India.Casualties tradewindsnews.com 15 Oct 06:34 GMT
Samsung adds second LNG carrier in October
Oceania-based owner paying $185m for 174,000-cbm gas vessel as prices rise.Gas tradewindsnews.com 15 Oct 06:11 GMT
German lenders have halved exposure to shipping
Moody’s says exposure to the shipping industry no longer presents a significant tail risk.Finance tradewindsnews.com 15 Oct 04:59 GMT
Algoma and Wellard ships cancelled at Uljanik
Bulker cancellation has left 3 Maj with an empty orderbook, while sister yard tears up livestock carrier deal.Shipyards tradewindsnews.com 15 Oct 02:34 GMT
OOCL opts for LSFO to meet IMO 2020 regulations
Customers set to pick up additional $500m cost of higher spec bunkers, says Hong Kong owner.Liner tradewindsnews.com 15 Oct 00:38 GMT
Bumi Armada latest to scrap veteran VLCC
Tanker bought from Fredriksen system in 2014 is heading for demolition.Tankers tradewindsnews.com 14 Oct 11:32 GMT
US officially announces RFP for training vessel
US Maritime Administration 'likely' to choose Jones Act owner to manage newbuild contract for first of five ships.Legal tradewindsnews.com 12 Oct 14:57 GMT
Szczecin Shipyard back in black
Polish yard paying out dividends after returning to profit following sale of Mars fund.Shipyards tradewindsnews.com 12 Oct 14:06 GMT
Sevan Marine becomes Magnora after FPSO and gas deal
Company to keep Oslo listing after selling its core business to Sembcorp Marine.Gas tradewindsnews.com 12 Oct 12:30 GMT
Nautilus: crews worried about criminalisation
Seafarers tell union that threat of prosecutions could drive them from industry.Legal tradewindsnews.com 12 Oct 11:24 GMT
EU stretches Danish tonnage tax to cover OSVs
Rig and windfarm service ships to be included in extended arrangement.Offshore tradewindsnews.com 12 Oct 10:23 GMT
ONE and Hapag-Lloyd team up for feeder operations
Japanese and German lines collaborating on intra-Asian and European trades.Liner tradewindsnews.com 12 Oct 09:31 GMT
Solstad adds 30 months to PSV charters
Fairfield keeping Norwegian vessels for UK North Sea work.Offshore tradewindsnews.com 12 Oct 09:16 GMT
H-Line orders $142m LNG capesize duo
Korean owner finalises deal at Hyundai Samho for eco-bulker pair.Dry cargo tradewindsnews.com 12 Oct 08:44 GMT
Christen Sveaas lines up $24m bond tap
Kistefos could bring value of 2021 issue to NOK 1bn.Finance tradewindsnews.com 12 Oct 08:26 GMT
Ro-pax extracted from hull of CSL boxship
French authorities separate vessels as fuel clean-up continues off Corsica.Casualties tradewindsnews.com 12 Oct 07:38 GMT
Peter Harren to remain on CFS board
German owner's boss says sale to Spanish partner puts feeder line in strong position for future.Liner tradewindsnews.com 12 Oct 07:10 GMT
Vadim Novinsky eyes Uljanik and 3 Maj yards
Ukrainian tycoon inspects yards in struggling Croatian shipbuilding group.Shipyards tradewindsnews.com 12 Oct 06:34 GMT
US and India to resume talks over Iranian crude imports
US special representative for Iran visiting New Delhi in bid to cut supplies from Iran.Tankers tradewindsnews.com 12 Oct 01:34 GMT
Wilhelmsen Ships Service's drone deliveries set for lift-off
From next month there could be a new way to get essential items onboard vessels as Wilhelmsen Ships Service and Airbus launch their drone service. Culture is key to success with technology, says Wilhelmsen We have lift-off Wilhelmsen, Airbus link on drone delivery The new venture, Agency by Air, will take off in Singapore’s Marina South Pier during November, Wilhelmsen said, as it courts compaPassenger ships tradewindsnews.com 11 Oct 17:00 GMT
Jones Act players talk up market recovery as rates bounce back
Tanker owners present an optimistic front amid a cull of overcapacity and demand hopes based on coast-wise shale oil cargoesTankers tradewindsnews.com 11 Oct 17:00 GMT
Koch locks in Chinese VLCC amid time-charter standoff
US energy giant has fixed one Chinese VLCC and is negotiating more state-owned ships despite trade tensionsShipyards tradewindsnews.com 11 Oct 17:00 GMT
MSI cautions tanker revival could be completely derailed
Maritime Strategies International (MSI) has suggested tanker markets are showing signs of bottoming out but warned of downside risks from high crude prices and a global economic slowdown. Opec 2020 vision bodes well for tanker owners With heavy scrapping, restrained newbuilding orders, broadly benign macroeconomic conditions and positive disruption from the IMO 2020 regulations, MSI’s base caseTankers tradewindsnews.com 11 Oct 17:00 GMT
Bocimar buying newcastlemax resales and linked to ore carrier order
Group eyes bulkers ordered by Trafigura and reportedly plans up to four ships at Qingdao BeihaiDry cargo tradewindsnews.com 11 Oct 17:00 GMT
Return of the age of high bunker costs to hit pre-2020
With increasing oil prices, the shipping industry will need to deal with volatile fuel prices before low-sulphur rules kick inFinance tradewindsnews.com 11 Oct 17:00 GMT
Suisse-Atlantique sheds another vintage bulk carrier
Swiss bulker owner Suisse-Atlantique has offloaded another older panamax bulker as it continues to trim its fleet. Greek brokers said the company had sold its CSBC-built, 73,000-dwt Celerina (built 1999) to an undisclosed buyer for $5.5m. Chief executive Jean Noel Andre confirmed that the Celerina is committed for sale. Values weakening The deal verifies a trend in weakening values for suchDry cargo tradewindsnews.com 11 Oct 17:00 GMT
Stena Bulk takes Nord Valiant at lower rate
Stena Bulk has taken the MR product tanker Nord Valiant (built 2008) on period charter at a slightly lower rate than the vessel’s previous deal. Stena Weco takes in three MR tankers on time charter Stena Bulk changes gears to scrap suezmax Shipbrokers report that the Gothenburg-based owner recently fixed the 49,000-dwt tanker for six months at $13,250 per day with an option for six more monTankers tradewindsnews.com 11 Oct 17:00 GMT
Formosa Plastics Marine mulls sale of entire LR1 tanker fleet
Taiwanese owner said to believe vessels are too old for scrubber installation to be an economical optionTankers tradewindsnews.com 11 Oct 17:00 GMT
Transmed chooses ironic name for last Nobu Su ore-oiler
Secretive bulker owner Transmed Shipping has shown that its executives have a sense of humour, naming the biggest ship the company has ever purchased after one of the smallest fish. The 319,900-dwt ore-oiler F Whale (built 2011), the last in a series of vessels originally ordered by Taiwanese owner Nobu Su, has now emerged in the Transmed fleet as the Atherina — the Greek word for smelt, a fish jLegal tradewindsnews.com 11 Oct 17:00 GMT
US Gulf-Asia VLCC rates hit fresh highs in spite of trade tensions
Growing Asian demand and rising shale output have created momentum for VLCC rates, despite China effectively pulling out of the marketTankers tradewindsnews.com 11 Oct 17:00 GMT
Cruise must avoid becoming a victim of its own success
Passenger tour operators need to be sensitive to local concerns as growth sparks backlash over environmental falloutWeekly tradewindsnews.com 11 Oct 17:00 GMT
Hunt for a shipping deal looks to be over for Saverys vehicle
Investors remain tough to convince on maritime assets, whether in a conventional IPO or a Spac mergerFinance tradewindsnews.com 11 Oct 17:00 GMT
JP Morgan drives Greenship asset play forward
US firm sells down ultramax quintet it bought cheaply in 2017Finance tradewindsnews.com 11 Oct 17:00 GMT
Silversea switches its allegiance from Fincantieri to Meyer Werft
Cruise line breaks long-standing relationship with Italian builder after Royal Caribbean took controlPassenger ships tradewindsnews.com 11 Oct 17:00 GMT
Marshall Islands calls out Liberian Registry over surcharges
Rival leading shipping registers in war of words over certification fees charged to classification societies that are often passed back to ownersCasualties tradewindsnews.com 11 Oct 17:00 GMT
Shippers still in the dark on 2020 fuel surcharges
Hapag-Lloyd spells out how it will recoup $1bn in fuel costs, but most lines remain unwilling or unable to do soLiner tradewindsnews.com 11 Oct 17:00 GMT
Meyer launches hunt for workers to cope with orderbook
Meyer Group is looking to fill 250 vacancies at its German facilities as it grapples with a massive cruiseship orderbook. The family-owned shipbuilder, with yards in Papenburg and subsidiary Neptun Werft in Rostock, is seeking skilled production specialists such as welders and electricians, transport and crane operators, as well as engineers and designers. Meyer, whose orderbook is full for severPassenger ships tradewindsnews.com 11 Oct 17:00 GMT
Avic orders ultramaxes at restructured Yangzhou Dayang
Avic International Leasing is first client for Dayang Shipbuilding since yard came under Sumec's controlDry cargo tradewindsnews.com 11 Oct 17:00 GMT
Shipping’s Davos must show real ambition and authority to succeed
Call for action at Global Maritime Forum in support of decarbonisation is a welcome — but modest — first stepShipyards tradewindsnews.com 11 Oct 17:00 GMT
Aon puts P&I management under the microscope
Insurance broker probes which management style is better for P&I clubs — in-house or third party?Insurance tradewindsnews.com 11 Oct 17:00 GMT
Time charter rates for scrubber-fitted ships to soar, says Alphatanker
Study points to daily cost savings of at least $40,000 as fuel price spread widensTankers tradewindsnews.com 11 Oct 17:00 GMT
Cool Pool chartering chief jumps ship to Celsius Shipping
Morten Nielsen has resigned from his position as general manager of LNG carrier pooling venture The Cool Pool to take up a new position with LNG entrant Celsius Shipping. Nielsen, who has been in the role since the pool was formed in August 2015, confirmed to TradeWinds that he will leave at the end of October, saying it is “time to try something new”. He described his job with The Cool Pool asGas tradewindsnews.com 11 Oct 17:00 GMT
US poised to hire Jones Act owner for newbuild contract
Vessel construction management services contractor will place order for multi-mission security shipShipyards tradewindsnews.com 11 Oct 17:00 GMT
Evergreen loses appeal in $36m collision case
Excessive speed can make you culpable and it can also make the bill higher, say English judges in a rare appeal of a High Court rulingLegal tradewindsnews.com 11 Oct 17:00 GMT
Navig8 nets two CSET VLCCs
The Navig8 group is continuing progress in rebuilding its VL8 pool with the addition of the first units from owner Cosco Shipping Energy Transportation (CSET). The 322,860-dwt Xin Lian Yang (built 2014) will deliver to the pool by month’s end, with a second modern unit to be nominated by CSET coming in November. “We are extremely excited to have received CSET’s commitment and welcome CSET as a pTankers tradewindsnews.com 11 Oct 17:00 GMT
Thenamaris opts to build second LNG ship at Hyundai Heavy Industries
Greek owner declares option for large gas carrier in South Korea, as it mulls asset plays in dry cargoTankers tradewindsnews.com 11 Oct 17:00 GMT
GNMTC charters out two aframaxes at premium rates
The Tripoli-based owner has been active in the period-charter market and locking in returnsTankers tradewindsnews.com 11 Oct 17:00 GMT
Chandris lines up sale of supramax bulker
Chandris (Hellas) is poised to sell another vessel. The Greek owner’s 57,000-dwt Serene Juniper (built 2011) is inspectable by prospective buyers. It is presently loading at Aceh, India, and will discharge in Dharamtar, India, later this month. VesselsValue estimates the STX Dalian Shipbuilding-constructed supramax bulker is worth about $14.6m, while Maritime Strategies International estimates aShip Sales tradewindsnews.com 11 Oct 17:00 GMT
Gulf Energy Maritime aims to exit LR2 segment
Gulf Energy Maritime (GEM) is to exit the LR2 tanker market, as it plans to focus on smaller units. European brokers said the 114,000-dwt Gulf Vision (built 2012) and Gulf Valour (built 2013) are for sale. The Gulf Valour is available for inspection as it loads at Sikka, India, and later this month at its discharging port in Taiwan. The Gulf Vision is currently at Lome, Togo. GEM director SaulTankers tradewindsnews.com 11 Oct 17:00 GMT
Beyaz picks up another Tianjin Xingang-built handysize bulker
Istanbul-based company emerges as buyer of the Clipper handyShip Sales tradewindsnews.com 11 Oct 17:00 GMT