TradeWinds | Latest shipping and maritime news

Mercuria to quickly flip vintage VLCC for strong gain in buoyant secondhand market Dynagas Partners sees higher LNG rates on offer for project business BW LPG makes progress with ageing VLGC disposal programme, say brokers Hapag's Habben Jansen plays down threat of shippers opting for DIY-style charters Golden Energy Offshore brings back PSV after 14-month lay-up as rates rise Brittany Ferries develops sea-skimming 'flying ferry' for Channel route Mitsubishi HC Capital acquires container leasing company CAI in $1.1bn takeover Greece takes second stab at selling Hellenic Shipyards Shipping ‘should woo outsiders’ to tackle gender gap David Moorhouse leaves Sovcomflot board as Russia rings the changes

Box boom

Hapag's Habben Jansen plays down threat of shippers opting for DIY-style charters

Mercuria to quickly flip vintage VLCC for strong gain in buoyant secondhand market

Dynagas Partners sees higher LNG rates on offer for project business

Shipping ‘should woo outsiders’ to tackle gender gap

Shipbroking

Braemar anticipates loss from Wavespec sale as it gives up on buyer

Greece takes second stab at selling Hellenic Shipyards

BW LPG makes progress with ageing VLGC disposal programme, say brokers

Rollercoaster dry bulk market climbs but opinions split on future prospects

CTM to commercially manage Premuda dry bulk fleet

Golden Energy Offshore brings back PSV after 14-month layup as rates rise

Mitsubishi HC Capital acquires container leasing company CAI in $1.1bn takeover

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People

Astrup Fearnley appoints ex-Fredriksen lieutenant Marius Hermansen as CEO

Braemar bonus: broker awards boss Gundy options for shares worth $690,000

Maersk Tankers raids Torm for new global head of partner sales

2020 Bulkers boss Magnus Halvorsen's MH Capital buys into Braemar

Former partners locked in $10m legal battle for Houston shipowner

Ocean Tankers’ founding family sees spending capped at $7,500 per week

Senior Latsco manager Vlachos leaves company after 24 years

Panos Laskaridis quits Union of Greek Shipowners after statements cause outrage

German shipping veteran and KG pioneer Bernd Kortum dies

George Soros buys into shipping while private equity giants continue sell-off

Merlin Swire steps down from Swire Pacific and heads for London

Bugbee: John Fredriksen influenced latest options bet on Scorpio Tankers

Sentosa boosts Geneva tanker desk with five new hires

The Big Short investor Michael Burry makes first investments in shipping

Law firm CJC makes new hires at its UK offices

Canopius aims at war risk growth with hire of Miller veteran Whitear

Local hire boosts Britannia P&I’s ambitions in South Korea

Geir Nedrelo takes Jebsen's chair at Blystad

Wikborg Rein promotes 'no-nonsense' shipping lawyer Eleanor Midwinter to partner

Singapore shipping struggles with boardroom diversity

Insight & Opinion

Analysis

Chinese navy shipbuilding's pressure on the orderbook could help tankers

China's rising grain imports lock bulkers in port congestion

VLCCs stay in doldrums as crude in-transit to China falls to lowest in three years

Clarksons boxship index hits record after 'extraordinary' 350% rise

New VLCCs and suezmaxes could scoop Asian jet fuel cargoes on maiden voyages

Capesize rates expected to stay around $40,000 for third quarter

Oil demand booms west of Suez but don’t bet on big rates boost

Dry bulk ends strong week as sentiment fuels rises across size classes

IEA brings ‘good news’ to tanker owners with strong oil demand forecast

Viewpoint

Time for IMO to act on global shipping carbon levy

Comment

Stop beating a dead horse — Brussels will regulate shipping

Dry freight derivatives market jumps as capesize shorts run for cover

Tonnage shortage sends supramax spot rates surging to near 11-year high

Clarksons index hits highest level in over 12 years

How an aframax became the flagship of Iran's navy

Earnings

Frontline sees 'constructive' tanker market, but Asian Covid-19 spike is a concern

Hunter Group sees need for 140 more VLCCs as production ramps up

Strategy

Bharat Sheth says Great Eastern now priced out of S&P market after price hikes

Wavelength

London shouldn’t get drunk with success of Taylor Maritime listing

Hafnia's Mikael Skov says product tankers 'getting no help from anywhere'

Eimskip paying $12m fine after admitting 'collusive behaviour' with Samskip

Rust-busting unit tested by Klaveness to stop plastic entering sea

German containership leaks oil off India after fuel tank cracks

VIDEO

All 16 crew winched off Indian cargoship swamped by storm

Marco Polo eyes bigger slice of Asia ship repair with expanded drydock

'Rising tide lifts all boats' as BTIG predicts supercycle

Boxships

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Navios Partners clinches $220m boxship charter deal

Costamare makes dry bulk splash with newly acquired fleet of secondhand vessels

Embiricos containerships in the frame as Fredriksen's SFL splashes out again

China’s Covid-19 spike brings record container freight rates

Global Ship Lease swoops on Borealis containership fleet in $233.9m deal

Cosmoship piles up asset plays with containerships and bulkers

Seaspan Corp splits $1.5bn order three ways at CSSC

Eastern Pacific orderbook tops 60 vessels with boxship deal for up to $420m in China

Maersk boxship briefly runs aground in Suez Canal

Zombie boxships come back to life with rates of $100,000 per day

Wan Hai Lines splashes out $480m in fresh Samsung boxship order

S&P

Songa Container sells boxship duo for massive $39m profit

Newbuildings

Tsakos Shipping books box duo as Hyundai yards land $308m in orders

Lomar flips containership newbuilding for $20m profit

Explosion shakes X-Press Pearl as fire situation deteriorates

First for Greek shipping: investors jump on Costamare's Athens bond

Suez Canal willing to release detained Ever Given if it gets a $200m deposit

Vega Reederei inks order for boxship quartet at China's Yangfan Group

X-Press boxship delivered in February hit by blaze off Sri Lanka

Costamare launches Athens shipping bond market with $120m issue

Athenian Sea Carriers sells oldest VLCC in surprisingly brisk S&P scene for tankers

Greece's Allseas adds its only suezmaxes to growing Navig8 pool

IMO’s carbon intensity requirements for LNG carriers will up emissions, Rystad says

Wakashio casualty ramps up P&I pool claims bill to $478m

Will $100 oil provide help for struggling crude tanker owners?

Shipbroker's email address foul-up costs insurer ITIC $50,000

ESG

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Eastern Pacific Shipping joins Singapore university ammonia bunker study

Stolt and Tufton team up on new chemical tanker pool and decarbonisation drive

Spac

Energy transition venture GoGreen taps former Frontline boss Macleod

Japan pressures Europe to ditch shipping emissions trading plan

Wilhelmsen poaches from Dr Peters for new decarbonisation guru

McQuilling enters carbon market by partnering with emissions trader Vertis

Climate activism hits Hapag-Lloyd as shareholder lobby revolts

Danish vessel performance experts make landfall in Greece

GEV aims to start building small-scale hydrogen ship in 2023

Namura and NS United cooperate on sails system for capesize bulkers

Synthetic fuels could be easy win for tanker owners, Gibson says

Product tankers caught in $27m fight over Haitian fuel cargoes

Longhaul naphtha shipments support large product tankers amid firm petchem margins

Cyprus to unveil jabs plan for flagged and managed vessels

Safe Bulkers adds modern panamax after offloading veteran vessel

MSC shells out up to $44m for 17-year-old panamax containership

UPDATE

Arriva continues fleet renewal by buying biggest ship yet from Arklow

Interview

Christoph Toepfer: ‘People forget that selling is part of a successful investment’

Adnoc L&S guns for growth on multiple fronts

Shipping and logistics arm Adnoc L&S eyes growth along with its parent

A decade of disruption: how VesselsValue carved out ship valuation niche

VesselsValue to move beyond shipping as new Asian offices open

Cesare d’Amico targets acquisitions of 20 eco-bulkers at pivotal juncture

100-ship fleets? Edward Buttery is happy to be 'the guy with one ship'

A family affair: father and sister key to Edward Buttery's IPO journey

'Totally overwhelmed': clients offer to co-invest in Wartsila's carbon capture plans

Magnus Fyhr returns to US analyst circles with positive view on tankers

WISTA Norway president calls on men to pitch in for gender equality

Profile

Claus-Peter Offen's succession plan charts course for next decade

International Seaways-Diamond S deal was more than a year in making

Oman Shipping gears up for five-year, 35-ship green expansion drive

Oman Drydock Co set to realise its full potential

Oman Shipping cashing in on scrubber-fitted VLCCs

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Reunion of old ex-DVB friends who keep their distance

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

M/Maritime places trust in Greek shipyard for dry dock programme

Stolt Tankers biofuel trial shows up to 90% emissions cut

Cruise and Ferry

Marios Iliopoulos boosts fleet as Greece recovers from Covid-19 slumber

Newbuildings

Maersk pencils in pioneering trio of methanol-fuelled containerships

'Progress made' on DOF's $2.2bn refinancing but further payment freeze needed

Shipowners still have work to do despite ‘weak’ IMO carbon targets

Insurance

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Gard to appeal $22.8m judgment in favour of Champion Shipping

George Tsavliris on a mission to revitalise London insurance market

Rate increases loom for P&I clubs as financials fall short

Letter to the editor

Eric Shawyer: Worldscale rates evolved for purpose

London P&I Club records $20.3m loss as claims costs double

Swedish Club aims to grow in Greece with new appointment

Egypt alleges Ever Given master lost control as legal case adjourned

Norwegian shipping walks the green carpet

Ro-ro sinking in Japan's Inland Sea poses pollution threat

Norwegian Hull Club takes on sustainable insurance challenge

Steamship Mutual grows its insured fleet but records losses

Ince adds five lawyers from Keoghs as Hill Dickinson strengthens in Greece

Norwegian Hull Club looks to correct gender imbalance

Insurer North P&I reduces underwriting losses as premium income grows

Insurers facing hefty payout for X-Press Pearl blaze

Joint War Committee adds Cabo Delgado to high-risk areas

Shipowners' Club boosts free reserves in ‘very challenging year’

Ever Given held as Suez Canal Authority seeks $916m in claims

Israeli car carrier undamaged after attempted attack, owner says

Robbers target Oldendorff, Melodia and Kyla vessels in Singapore Strait

Taylor Maritime expands fleet beyond initial 23 bulkers as it spends last IPO cash

James Fisher claims dual-fuel first for coastal tankers

Zhoushan yards hope for early relief as Covid rules keep docks half-full

MCA consults bulker owners over new safety laws for 29-ship UK fleet

Wartsila plots long-term future of scrubbers as carbon capture progress continues

US blocks Aon acquisition of Willis Towers Watson over competition fears

Business Focus

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Daughters push on as Greek shipping moves with a changing world

The Greeks’ winning secret? They prosper as masters of adaptation

Shipping legends leave imprint on Greek culture

Breaking blockades: It’s almost a national pastime for Greek shipping

Norway

Norwegian Hull Club looks to correct gender imbalance

Norway

EU taxonomy to change ESG finance scene in Oslo

Norway

Fred Olsen Windcarrier keeps older ships running to cut carbon

Why Norwegian shipowners are beefing up ESG reporting

Digital technology reshapes the shipping agenda

Furuno offers a look into the future with augmented reality navigation

ESG

'Radar harvesting' project poised to expose AIS cheats

Digital tech

Digital detectives play cat-and-mouse game over sanctions

Digital Tech

Shipping dives into the age of digital transformation

Digital Tech

Space technology helps underwriters understand shipping risks

Digital Tech

Experts see 'missing link' as maritime firms fail to prioritise digitalisation in business plans

Digital tech

Software vendors urged to up their game to add value for shipping

Digital tech

Shipping turns to digital technology to meet demand for ESG

We know all about the 'E', but where's the 'S' and the 'G'?

The fittest of shipowners can survive the age of ESG finance

Seafarers' union looks to widen role in ESG push

Global Ship Lease buys four reefer boxships with three-year charters attached

Frangou comes up with $75m loan as Navios buys time to tackle debt

Farmers could hold the answer to shipping’s burning carbon question

CDB Leasing swoops on 10 MR newbuildings at New Times

Renewables expert says diesel from agricultural waste offers cost-effective sustainability

Agricultural waste to marine diesel process is scalable worldwide, says sustainable fuel expert

LNG

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BW Group offloads stake in John Fredriksen-backed Flex LNG

KARMOL in talks with Mozambique on second FSRU

Shell sells its ‘gold-plated’ debut LNG bunker vessel

Maran Gas swoops on LNG options at Samsung Heavy Industries

Hyundai LNG Shipping inks LNG newbuilding for Repsol with DSME

EEXI and CII regulations expected to hit old LNG steamships

MSC eyes $1bn effort to convert 40 boxship newbuildings to dual fuel

CNOOC taps owners for trio of LNG carrier newbuildings

Mystery FSRU player poised to seal Australian terminal contract

Laid-up Sinokor LNG carrier finally sold for demolition

Scorpio tanker and Knutsen LNG carrier damaged in clash off Spain

Gunvor drops Exmar FSRU after arbitration decision

Titan LNG targets bio-LNG supply with new bunker barge plan

Cheniere Energy loads largest LNG carrier at US terminal

Avenir LNG closes in on fixtures for its two 20,000-cbm newbuilds

FSRU fixed for upcoming Ghana LNG import project

Analysis

Spot and short-term LNG deliveries surge in 2020, GIIGNL says

Petronas confirms LNG newbuilding trio for LNG Canada shipments

Morocco makes fresh bid to install an FSRU

Total’s force majeure on Mozambique LNG puts 17 newbuildings in jeopardy

Hunger striking seafarers able to return home after more than two years

Politics at home and abroad could hold back US push for further decarbonisation

Jefferies expects Star Bulk to hike quarterly payout

Norway's Hansa Tankers to boost chemical carrier pool with Nisshin ships

Wavelength

Sun shines on liner operators, but Santa is feeling the chill

Astrup Fearnley appoints ex-Fredriksen lieutenant Marius Hermansen as CEO

Offshore

'Unsatisfactory': OHT doubts Eneti has got full value for its $330m WTIV newbuild

Keppel teams with Hyundai Heavy for $2.3bn Petrobras FPSO

Steckmest flips bankrupt Polarcus fleet to Shearwater for $128m

Jones Act spurring offshore wind joint ventures with US firms

NYK Line forms joint venture to operate wind farm ships in Japan

Seadrill clinches $380m Equinor charter for drillship in Brazil

Wavelength

Seabed mining an ESG dilemma on what defines decarbonisation

Offshore and marine arm continues to drag down Keppel Corp

UOS sweeps back into Brazil with two-year AHTS charter

BW Offshore scraps laid-up 45-year-old FPSO in $16m deal

Norwegian AHTS rates top NOK1m for first time since 2018

Offshore exodus: more PSVs sold out of oil and gas market

Crowley sees lucrative, long-term opportunity in wind

Bondholders take over last Polarcus ship and buy Fugro's seismic business

Odfjell family takes over Oceanteam as it focuses on wind power

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Clarksons takes $84m finance and offshore hit, but broking stays strong

Equinor keeping on Esvagt SOV for another five years

Tidewater confident the worst of Covid-19 is behind it

Panama Canal adds three metres to maximum vessel length for transits

Norden targets bulker expansion with first ever bond issue worth $100m

Deutsche Bank set to make $1bn from Zim bets in boxship boom

China United Lines orders $60m feedership brace for intra-Asian trade

Video

Body found after blast rips through cargoship in the Philippines

Zim faces more protests as pro-Palestine demonstrators picket US office

Jobs

Tanker Chartering

M.T. Maritime Management

LNG Shipping Operator

LNG Shipping Operator

Novatek Gas and Power Asia Pte. Ltd.

Operator for Spot and/or Period Fleet

Operator for Spot and/or Period Fleet