TradeWinds | Latest shipping and maritime news

Constantakopoulos clan swoops on bulkers on its private account Capesize bulker spot rates fall amid rising commodity prices Dynagas and shareholders near settlement over cash flow and dividend statements West of England's underwriting deficit increases as claims soar Expanding Newport SA pushes towards 20-vessel mark with two new bulker acquisitions Navig8 Chemical still committed to parent as it scraps series of related-party deals Forties shutdown will remove tanker cargoes but boost OSV demand Zodiac Maritime snaps up fourth VLCC from Xihe Group Teco 2030 unveils fuel cell for zero-emission port operations Teekay Tankers saving $8m with leaseback buys — and more will follow

Capesize bulker spot rates fall amid rising commodity prices

Constantakopoulos clan swoops on bulkers on its private account

S&P

Zodiac Maritime snaps up fourth VLCC from Xihe Group

TW+

Man on a mission: Bo Cerup-Simonsen and the countdown to zero carbon

Digital tool

TradeWinds unveils new app to enhance reader's digital experience

Dynagas and shareholders near settlement over cash flow and dividend statements

West of England's underwriting deficit increases as claims soar

Port of Seattle fights microaggression in pursuing gender equity and inclusion

Resales

Thenamaris expands VLCC exposure with newbuilding pair

Navig8 Chemical still committed to parent as it scraps series of related-party deals

S&P

Torvald Klaveness cashes in on hot containership market with sale of duo

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Coronavirus

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Tanker newbuilding owners face conundrum for maiden voyage from China

Ship managers pause crew changes of Indian seafarers as nation grapples with Covid-19

Viewpoint

Ignoring crew welfare will turn seafarers away from shipping

'Conflict resolution': MHSS warns more seafarers threatening suicide

Fujairah blocks crew changes as Covid-19 surges in India

Indian officer dies with respiratory problems on Saga Welco bulker

Singapore prohibits crew changes for seafarers with recent travel to India

New Century offloads Asian cruise veterans onto Indian ship recyclers

Belgium gives green light to priority vaccination for seafarers

Lone seafarer isolated from Covid-infected colleagues as Inge Kosan leaves port

Strange shipping tales: quarantine babies and supermarket scuffles

Pandemic and ship value write-down leads Grieg to $105m loss

Two seafarers dead after Covid-19 cases reported on three ships in Brazil

Seafarer found dead on CM Lemos capesize as 10 crew test positive in Crete

Philippines bans foreign seafarers from 21 countries to halt new virus strains

Singapore to tighten Covid-19 checks after LR surveyor catches virus

Interview

DNV GL's Orbeck-Nilssen backs surveyors amid industry dash to remote inspection

Viewpoint

Seafarers must be designated as key workers before the industry collapses

Coronavirus claims India's Jalesh Cruises

Genting and Royal Caribbean to relaunch Singapore cruise operations

Expanding Newport SA pushes towards 20-vessel mark with two new bulker acquisitions

Vogemann boosts bulker orderbook with deals at two Chinese yards

Strategy

Teekay Tankers saving $8m with leaseback buys — and more will follow

Teekay LNG Partners hints at Qatar’s savvy on LNG newbuilding price

Teco 2030 unveils fuel cell for zero-emission port operations

Analysis

Forties shutdown will remove tanker cargoes but boost OSV demand

Strategy

Teekay Tankers is in no rush to shift LR2s out of crude trades, says Kevin Mackay

Newbuildings

VLCC prices breach $100m mark on steel plate rises and yard berth dearth

Interview

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

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung targets bulker and pools expansion

Profile

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

Analysis

No stopping the container juggernaut as freight rates rise

Diversity

Women aim to close the gap on gender imbalance at ports

Palmali heads to trial in Litasco tanker row, but claim cut from $1.9bn to $151m

Two Israeli ports shut as rockets explode near Turkish cargoships

Cruise and Ferry

Expedition cruiseship with chequered history finds new buyers at firm price

Wan Hai acquires four boxship newbuildings in resale deal linked to Capital Maritime

Boxships

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Costamare launches Athens shipping bond market with $120m issue

Japan’s big three owners signal a dramatic dip in liner profits

Danaos reinstates dividend after 13 years on hitting 'best position ever'

MSC charters 11 LNG-fuelled containerships from Eastern Pacific Shipping

HMM poised to pull the trigger on $1.4bn order for 12 neo-panamaxes

Asiatic Lloyd orders ‘ammonia-ready’ boxships in $400m fleet rejuvenation

Clock ticking for boxship owners as asset price cliff looms

CMA CGM orders 22 boxships worth almost $2.3bn in China

MOL turns $1bn annual profit for 2020 following boxship bonanza

MSC takes spending on neo-panamaxes to $400m with Embiricos deal

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Maersk confident of compliance as Denmark launches scrap probe

Matson's Matt Cox sees transpacific unlike anything 'in my nearly 40 years'

Costamare buys out York Capital from another boxship quintet

Seaspan Corp mulls extending containership order spree by another $1.46bn

Cash-rich Zim splashing $350m on early bond buy-back

‘Exceptional market situation’ prompts big full-year guidance upgrade at Maersk

Matson's profit skyrockets off soaring China service

Bernhard Schulte leaves Hanseatic Unity Chartering

Angry Contships in plea for armed guards after boxship bridge smashed up

Read the e-paper

MSC mulls $1bn fuel switch; steel hikes VLCC price; eye on the Arctic

Analysis

Reefers bounce back as market for cold cargo heats up

HMM logs record operating earnings of $903m as it brings in more boxes

South Korea's KSS Line linked to $162m splash on VLGCs at Hyundai Heavy

Diversity

Shoreham Port's gender diversity drive is 'adding up'

Ship Management

InterManager lines up $22m of one-shot vaccines but rages at red tape delays

People

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

Simon Grainge takes top role at seafarers’ support group ISWAN

Charity HRAS and Reed Smith lawyers team up to advise stranded seafarers

Marex poaches brokers from Clarksons amid Oslo push

New Zealand to enshrine seafarer welfare funding in law

Italy’s d’Amico Group rings in the changes at its dry bulk division

Former Fearnleys owner and art collector Hans Rasmus Astrup dies at 82

All eyes on Maria Angelicoussis as new boss faces high-stakes calls

Howe Robinson boardroom table revealed as the one Prince Philip was born on

Visionary owner John Angelicoussis bequeaths sprawling shipping empire

Greek prime minister leads tributes to the late John Angelicoussis

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

Melanated Mariners shines light on black contribution to shipping

Shipping pays its final respects to John Angelicoussis

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Eastmed MR tanker linked to sole Jones Act waiver

Cruise and Ferry

Ambassador Cruise Line rises from the ashes of CMV with private-equity backing

Exhaust gas cleaner for all marine fuels to be crowdfunded

UPDATE

Three seafarers hospitalised after Covid outbreak on Maersk and Marfret ships

After an 'annus horribilis' Stena still faces tricky 2021, says analyst

Biggest rotor sail project installed on Pan Ocean VLOC newbuild for Vale

Tw+

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TW+

Tristan Smith: ‘The IMO seems in denial about the scale of carbon challenge’

‘Don't worry about alternative fuel details, just shoot for goal’

Maria Angelicoussis: Making her mark at Maran

Elisabeth Grieg: ‘I am too impatient. Someone has to go first’

Andi Case: You can’t ignore the empire he has built

Procopiou sisters: Siblings move centre stage

Meet 30 people who will shape shipping's future

Kathrine Fredriksen: Reading the runes of a Norse saga

Christian Oldendorff: Seizing the economic potential of technological leadership

Cameron Mackey: Scorpio's quiet man on with a hand on the tiller

Alexander Saverys: CMB harnesses hydrogen in the battle against black swans

Ren Le Tian: Rebuilding Yangzijiang, his way

Andy Dacy: Veteran has seen a lot of markets and he likes what's to come

Andreas Sohmen-Pao: BW boss aims to be on the right side of history, by helping to shape it

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

Maria Prevezanou: The accidental insurance broker

Icebergs to Africa: Nick Sloane explains how to do it

20 questions with Sam Ka, HHI's digital dreamer

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

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

Thoresen Thai rides high on a strong bulk market during its first quarter

Australia begins to vaccinate foreign seafarers in Port Botany

Safety issues driving Eneti decision to build Jones Act wind vessel

SFL snaps up bargain boxship with Maersk charter in 'frenzied' market

Cruise and Ferry

US hits 20 cruiseships with lower marks on Covid-19 readiness

CIT seals second deal in a week with $34m refinancing for Globus Maritime

LNG

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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

New Awilco LNG charter expected to boost Ebitda

Japan and French banks dominate LNG financing, Poten says

SEA-LNG says World Bank view on LNG is ‘a mistake’

Celsius Shipping courts yards for LNG carrier quartet

Flex LNG dives into period market with five-ship Cheniere deal

‘Unacceptable’ not to choose LNG for newbuildings, Shell says

Staubo takes over as Golar LNG chief executive after partners sale

Viewpoint

It is time for change: the end of Worldscale for tanker fixtures

Newbuildings

Zodiac Maritime poised to strike on DSME options — taking boxship orderbook past $1.6bn

Solstad Offshore sells again as DOF scoops Atlantic charters

Tomini Shipping falls to loss as bulker finance costs rise

Cruise and Ferry

Analysis

Battered cruise industry can recover off strong demand, analysts say

Insight & Opinion

Product tanker owners turn bullish after Colonial Pipeline hack

Analysis

Dry commodity prices are going to the moon, but bulkers march to their own drum

‘Future-proofing’ large tankers only costs $1m per ship, says Euronav

Analysts boost outlook as Eagle Bulk ships haul loads of profits

Viewpoint

Denmark should rethink its punishment of Maersk for scrapping activities in Alang

Fearnleys says 'clock is ticking' on $600m Navios Acquisition bond

Tanker owners still need to wait for recovery, analyst says

Gil Ofer: for maritime start-ups, there really is no better place to be than Singapore

De Stoop says big tankers still 'abundant' as Euronav crashes to $71m loss

Analysis

Gate crashers: newbuilding crude tankers muscle into product trade

One year after calling time on tankers, Chappell sees more pain ahead

DHT Holdings neither a buyer nor seller as it plays the patience game

Vale's 'mantra' is music to bulker owners' ears: 450m tonnes of iron ore by 2022

Permanent closure of South Africa’s oldest refinery to boost product tanker demand

Analysis

Rush of tanker scrapping expected if US lifts sanctions on Iran

Yards on alert as boxship newbuilding boom explodes into smaller sectors

Rajesh Unni says new virus wave is a 'recipe for disaster' for shipping

Time to future-proof ships amid uncertainty over bunker options

Jones Act spurring offshore wind joint ventures with US firms

'Exceptional': Clarksons says sale-and-purchase deals hit all-time high in March

NYK Line carries out world's first barge-to-ship methanol bunkering

Ship Management

ICS unveils ‘roadmap’ for global vaccination hubs for seafarers

TradeWinds forum

Bimco's Sand says 10m dwt of crude tankers must be scrapped to ease delivery pain

Earnings

Teekay Tankers buys back six aframaxes for $129m as it logs loss

WTIV ORDER

Three US shipyards said to be on shortlist for $500m Eneti wind newbuilding

Earnings

Leasing player SFL to take advantage of 'challenging' banking market

Offshore

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

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

TW forum

Zabrocky: fuel choice and Shell boost finance options for new VLCCs

Earnings

Teekay LNG Partners slides vessel trio into hot spot market

TW forum

Kepler Cheuvreux predicts ‘explosive' tanker gains on production growth

Okeanis looks forward to 'biggest production rise in history' after profit slashed

Precious Shipping reaps rewards of decade high market in first quarter

Sharp falls in product tanker rates as oil firms cancel fixtures in Atlantic

Business Focus

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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

US watchdog cracks down on ESG issues amid focus on shareholders

Spotlight

Decarbonisation is the new frontier for ship managers

Spotlight

Pandemic proves ship management is a people business at heart

Intermanager sees second-party partnerships and standards as way to attract owners

Spotlight

Crew change not as bad in Covid-19's second wave, but problems persist

Spotlight

Ship managers faced their toughest test in crew-change crisis

Spotlight

Technology the silver lining of virus as catalyst for change in ship management

Spotlight

Covid-19 uncovered mental health issues that must not be forgotten

Ship Management

Dutch to vaccinate 49,000 seafarers against Covid-19

S&P

Torm confirms purchase of Okeanis LR2 trio amid fleet renewal effort

Jones Act tonnage to go around as US pipeline shutdown causes run on gasoline

MOL and KHI draw up plans to ship hydrogen to Singapore

Damaged NGM Energy tanker arrives at Weihai for repairs as spill response continues

S&P

Meadway Bulkers makes first expansion since Dellaportas split