TradeWinds | Latest shipping and maritime news

Shipping stocks ride to third winning week, but tanker streak halted Diamond S still getting a thumbs-up from B Riley FBR Hoegh car-carrier fire still 'an active incident', responders say Judge rules against US Navy sailors in NYK Line lawsuit Bulker freight rates tick up as markets finally find their feet Saade strikes optimistic tone as under pressure CMA CGM returns to the black Dynagas LNG Partners sees a “challenging” LNG spot market AIDA suspends cruises with calls to US and Canada until 2021 Zodiac sells first capesize for scrap in two years, amid bulker demo surge Seafarer dies, two missing, as Iranian cargoship sinks in Gulf

Shipping stocks ride to third winning week, but tanker streak halted

Hoegh car-carrier fire still 'an active incident', responders say

Judge rules against US Navy sailors in NYK Line lawsuit

Coronaviris impact

Saade strikes optimistic tone as under pressure CMA CGM returns to the black

Politics

US sanctions 'warning shot' to scare high-profile Greeks from Venezuela

Market analysis

Greeks are flexing their muscles in dry bulk S&P market

Coronavirus

Berlin throws German maritime sector a $1.12bn crisis lifeline

Diamond S still getting a thumbs-up from B Riley FBR

Bulker freight rates tick up as markets finally find their feet

Recycling

Zodiac sells first capesize for scrap in two years, amid bulker demo surge

Dynagas LNG Partners sees a “challenging” LNG spot market

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Weekly Edition

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Clarksons broker charged over lockdown breach at Singapore bar

US puts Greek tankers on Venezuela sanctions list

Bond of giants as Trafigura links up with Navig8 in tanker pact

PB Tankers boss Massimo Nicolazzi blames 'unjustified' US sanctions for losses

New investor Navig8 watchful as Barclays builds stake in Awilco LNG

Private equity players swoop on family-owned Perseveranza fleet

Avance Gas expansion thwarted by 'illiquid' secondhand VLGC market

Dag Rasmussen hits jackpot in seismic survey business

New Times wins suezmax deals worth up to $364m from European duo

Star Bulk considered converting bulkers to tankers for storage boom play

Neda Maritime firms up LR2 order at Daehan Shipbuilding

Hyundai Heavy wins $228m Sonangol suezmax tanker contract

Shipping plan to help Guinea develop its mineral riches

Payback in six months: BW makes the case for LPG engine retrofits

Saga LNG strikes small-ship deal with Indian terminal developer

Qatargas charters Nakilat’s first uncommitted LNG newbuilding

TMS Cardiff Gas LNG carrier offered for sale in valuation test

North P&I’s dream team begins to harvest rewards of change

Interview

New Svitzer CEO aims to grow in increasingly competitive towage business

Deluge of Japanese dry bulk tonnage to hit sales market

Insight & Opinion

US sanctions 'warning shot' scares high-profile Greeks away from Venezuela, others remain

Viewpoint

Victor Restis: Shipping in post-Covid-19 era looks bright with a low-carbon future

Cruise giants are already talking of a comeback after coronavirus

Making port calls smarter is a wise move in wake of pandemic

Goodbye contango, hello backwardation for tanker market

Maersk Broker profit to hold up this year despite virus uncertainty

DNV GL shielded from pandemic as digitalisation accelerates by ‘half a decade’

Capesize rates rise as iron ore output grows in Australia

Profile

Sixty years on, the hippie who went to sea shows no signs of slowing down

Profile

CIA scrutiny and oddball client requests were just part of the job Joachim for von der Heydt

Profile

Bengal Tiger roared back after inauspicious maiden voyage

Sail power

EcoClipper team has wind in their sails, public opinion on their side

Sail power

Meet the captain plotting a shipping revolution from his kitchen table

Stock market analysis

'Gone for the summer': Fearnley Securities downgrades tanker sector

Shipping warned of large costs from hull fouling as ships sit at anchor

'Difficult to judge' impact of China's halt to US farm goods imports, say brokers

Deluge of Japanese dry bulk tonnage to hit sales market

Badly managed lay-ups will cost time and money, Allianz warns

South Korea unveils massive shipbuilding stimulus package

VLCC bulls take another hit from worsening US-China tension

Goodbye contango, hello backwardation for tanker market

Viewpoint

Victor Restis: Shipping in post-Covid-19 era looks bright with a low-carbon future

Horizon Maritime teams with First Nation tribe in expansion drive

Market Analysis

Tide is turning in tanker markets with growing oil demand recovery

Virus restrictions 'immensely frustrating' for gold hunter BGL

Greener OSV sector set to be worth $21bn by 2027

LNG

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Barclays' Awilco LNG stock purchases linked to Navig8

Qatargas charters Nakilat’s first uncommitted LNG newbuilding

Gunvor Group expands fleet as it delivers more LNG

Qatar keeps options open in huge South Korean yard LNG slot deal

New investor Navig8 watchful as Barclays builds stake in Awilco LNG

TMS Cardiff Gas LNG carrier offered for sale in valuation test

Qatar reserves more than 100 LNG berths worth over $18bn at South Korean yards

NS United draws up plan to diversify into LNG market

Saga LNG strikes small-ship deal with Indian terminal developer

Sovcomflot's Arc7 LNG ship completes Northern Sea Route transit two months early

Navig8 fuels takeover speculation as it adds to stake in Awilco LNG

Navig8 makes gas move by buying big slice of Awilco LNG

Canada's Seaspan tees up interest for raft of LNG bunker vessels

Second Arc7 LNG carrier takes eastbound journey on Northern Sea Route

DSME scoops $340m newbuilding contract for giant FSRU

Proposals due in for New Caledonia small-scale LNG import business

Saudi Aramco puts LNG carrier newbuilding plans on ice

Teekay gas unit locks LNG fleet into charters for 2020

Teekay LNG expects no LNG charter cancellations for its fleet

Novatek poised to sign for up to 10 LNG carriers at two yards

Inui Global Logistics turns the table on activist shareholder

Hoegh PCTC suffers explosion after fire breaks out in US port

Inspection to begin as VLOC Stellar Banner refloated off Brazil

Star Bulk Carriers to wave goodbye to Oslo exchange on 31 July

Search on for Indonesian vessel that vanished in Bali Sea

Platts targets kamsarmax market with new weighted index

People

Ince brings in Clyde's McAlpine as head of marine finance

New chief executive appointed at loss-plagued Hoegh Autoliners

Manager tells crew of arrested suezmax to be 'patient' over wage delays during crisis

Sokana and Lars Ebbesen back for their third act

Expanding Squire Patton Boggs poaches six lawyers from HFW

Clarksons broker charged over lockdown breach at Singapore bar

Sail power

Meet the captain plotting a shipping revolution from his kitchen table

AMA Capital Partners hires Nick Smith in European drive

Paddy Rodgers back in shipping after joining V.Group

North P&I’s dream team begins to harvest rewards of change

Western Bulk staff exodus continues with head of Asian unit's shock exit

Crewing chaos will take many months to unwind, Greek shipping chamber warns

Webber v Teekay, round two: share deal compared to 'gimme' at 18th tee

James Fisher furloughs 400 as it enforces 20% pay cut

Pistiolis childhood dream comes true with VLCC debut order

Interview

Skarsgard relishes challenge of growing Belships in a world in turmoil

Eimskip axes 10% of staff to lower costs during pandemic

Sea Containers founder James Sherwood dies aged 86

Teekay confirms missing officer not on board suezmax

Harald Thorstein to build up Arkwright in London

Expectations should not be set too high for a dry market recovery, says Bimco

Market analysis

Indian OSV market awaits first vessel tenders since oil crash

Cruise And Ferry

Royal Caribbean sells another $1bn in notes amid pandemic

Hornbeck looking to take possession of two under-construction ships

Barclays' Awilco LNG stock purchases linked to Navig8

Navios Holdings spills red ink amid dry bulk blues

Interview

Sail power

Meet the captain plotting a shipping revolution from his kitchen table

EcoClipper breathes new life into sail power in the age of social media

Sail power

EcoClipper team has wind in their sails, public opinion on their side

Profile

Bengal Tiger roared back after inauspicious maiden voyage

Profile

Sixty years on, the hippie who went to sea shows no signs of slowing down

Profile

CIA scrutiny and oddball client requests were just part of the job Joachim for von der Heydt

Interview

Skarsgard relishes challenge of growing Belships in a world in turmoil

Officer fights for law change after Wallem sex discrimination ruling

Interview

Torm calls for global collaboration on crews as it eyes recovery

Interview

LQM chief: bunker derivatives market still a big players' game

Skuld boss says P&I clubs can withstand coronavirus

GreenSteam: 'AI-based platform can help owners navigate virus volatility'

Maersk Tankers sees safety in numbers in these uncertain times

Signal Maritime talks Heidmar and stepping stones to growth

Seafarer calls on Wallem Ship Management to 'do the right thing' over discrimination case

How a female cadet carved out a career after Wallem discrimination

Paul Jennings bangs the drum for the International Group

Concordia's Kim Ullman fixes sights on charter renewals in rising market

Dorian LPG’s advice for scrubber projects: prepare, communicate and be selective about yards

Louis-Dreyfus gives green fuel levy the thumbs up

Second Chapter 11 in two years is an option for Seadrill

Chinese financiers tipped to join Temasek in PIL rescue bid

Ship Management

OSM Maritime takes over management of KGJS fleet

Ulrich Muller lands top job at Westfal-Larsen outfit

Market analysis

LR tanker rates tumble as storage and naphtha flows shrink

Ince brings in Clyde's McAlpine as head of marine finance

Tw+

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Cash and carry | Will shippers pay the price for carriers to go green?

20 questions with Sam Ka, HHI's digital dreamer

Shipping’s new dawn — it’s early days yet

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

Idan Ofer looks on the bright side

The ship that went ashore to become a hotel

How environmental focus can give ‘green’ light for automation

New lease of life for Chinese finance giant

Ammonia: The cleaner that can unclog the fuel debate

Words of wisdom from James Lan on 'the most amazing business'

The shipowner who has become Xi’s bridge builder

Ice in his veins: Paul Pathy on Fednav’s next chapter

Tanja Gullestrup brings the science of diversity to Pacific Green

20 questions with Radziwill: ‘Dude, how come we’re not a lot richer by now?’

OW Bunker: Five years on, it’s still getting physical

A day in the life: Ships agent Joe Melvin

Zeaborn and the Zech effect

IMO 2020 switchover is fuelling uncertainty

Royal Caribbean's 20-year-old with a $97m facelift

VLGCs drop below break-even as owners look to reposition

Singaporean tech accelerators search for coronavirus solutions

Myanmar becomes an LNG importer with deliveries from Petronas

Pantheon Tankers exercises aframax option at SWS

Fesco in 'safe zone' as it dismisses threat of covenant breach

Liner giant CMA CGM pledges carbon neutrality by 2050

Boxships

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APL boxship loses 40 containers in heavy seas off Sydney

Transport Capital exits boxship market as asset values drop

Maersk to strike on third tranche in its mammoth $1.5bn share buyback

Millions of dollars recovered from suspected fake Commerzbank boxship account

Hapag-Lloyd ship quarantined after two crew test positive

Sea Containers founder James Sherwood dies aged 86

Talk of state-backer for PIL comes as Singapore seen needing national carrier

State-backed white knight tipped to bail out Pacific International Lines

CMA CGM gets state-backed $1.14bn coronavirus loan

Port calls collapse hits Europe and containers hardest

Hapag-Lloyd profits slide amid coronavirus uncertainty

Cost-cutting, tanker fleet improve HMM first-quarter results

Market analysis

Charter rates for boxships in 'free-fall' amid pandemic pain

World's biggest boxship loads world's biggest cargo

Navios Maritime Partners sticks to dividend but casts doubt on future payments

Collapse in container volumes to hit Maersk earnings by up to $1bn

Leading lines reap $1.7bn in state aid to stave off virus pain

Hapag-Lloyd committed to ordering big boxships – just not yet

Matson's profit falls amid Covid-19 downturn

Capital Product warns of coronavirus impact but says is in good shape to cope

Atlantska signs Chinese bulker leaseback deal as loss grows

Safety failings alleged in elevator death on OOCL boxship

Polaris sells pair of VLOCs for recycling as prices slump

Eisbeinessen postponed amid coronavirus fears and alcohol ban

US bulker stocks soar on rate boosts, ore prices and short squeeze

Dutch yard RNS claims world first with new Russian vessel

Jobs

Vessel Operator, Dubai

Vessel Operator, Dubai

Senior Dry Bulk Operations Manager

Senior Dry Bulk Operations Manager

Triton Navigation B.V.

Legal Counsel - Middle East

Legal Counsel - Middle East

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Senior Dry Cargo Broker- Europe

Senior Freight Trader- Switzerland

Senior Freight Trader- Switzerland

Dry Vessel Operator- Singapore

Dry Vessel Operator- Singapore

Bunker Analyst- Houston

Bunker Analyst- Houston

Post Fixture Manager- Europe

Post Fixture Manager- Europe

EU resumes yard mega-merger probe; decision expected in September

New Times wins suezmax deals worth up to $364m

Panama threatens fines for tampering with transponders

Tomini Shipping barters over price of delayed Taizhou Kouan bulker

Frontline could raise $100m as it looks to sell shares

Gastech to go ‘digital’ after Singapore 2020 event cancelled

Rate for Gunvor-Top Ships tanker offers 'glimmer of hope'

Tidewater activist moves to shoot down rights plan, pushes consolidation

Pyxis first quarter loss narrows as confidence grows

Diana Shipping fixes another capesize to Koch Shipping

Making port calls smarter is a wise move in wake of pandemic

Volvo and Jaguar get green light for ]claim against car carriers