TradeWinds | Latest shipping and maritime news

Costamare bets on continuing strong containership, bulker markets GasLog Partners drops first hints of fleet expansion opportunities Norway's DNK set to present members with $300m cash windfall Yang Ming profits in rare containership play: a sublet to a liner rival Wilson strikes again with takeover of Rhenus Maritime shortsea fleet One more combination carrier could be sold as KCC pulls out of Brazil Western Bulk to open Dubai office as city becomes dry cargo hub Regional action to decarbonise routes will supplant IMO, says report Demo prices to remain firm but green premium is lost Deeper private-public collaboration key to 'futuristic' shipping, says IMO's Lim

Yang Ming profits in rare containership play: a sublet to a liner rival

Costamare bets on continuing strong containership, bulker markets

Wilson strikes again with takeover of Rhenus Maritime shortsea fleet

Analyse this: tanker king's state of mind could hold the key to Euronav path

GasLog Partners drops first hints of fleet expansion opportunities

Norway's DNK set to present members with $300m cash windfall

One more combination carrier could be sold as KCC pulls out of Brazil

Shipowner's name emerges behind Mozambique LNG newbuilding slots

Japan's big three shipowners advance ammonia-fuelled vessel projects

Regional action to decarbonise routes will supplant IMO, says report

Western Bulk to open Dubai office as city becomes dry cargo hub

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Insight & Opinion

Robust ordering pushes LNG carrier fleet past 100m cbm threshold

Capesize bulker rates fall another 23% as commodity prices cool down

Tanker rates keep firming with more expected to come

No end to port congestion crisis in sight, as backlogs hit record highs, says Clarksons

Newbuilding orders double as prices hit highest level since 2009

Cash could be king if Fredriksen is to pull off Euronav merger

With playbooks 'rich in strategy', Greeks and Japanese sell capesize bulkers

Dry disconnect: earnings soar as stock values struggle

Analysts warn tanker supply growth means longer road to rate recovery

Dry bulk 'slump' helps push shipping stocks down for another week

Smaller bulkers hold steady while capesizes keep falling

Capesize bulkers take 2021's second largest one-week drop

We live on one planet, so why does shipping not speak with one voice?

Clarksons Research forecasts 3.2% seaborne trade growth in 2022

Skuld warns of sanctions risk as Iran and Venezuela oil exports rise

The green agenda: banks face tough financing choices ahead

Bulker owners plan to stay in the secondhand market

Green Ship Technology

LEO is new kid on the block for cleaner ships to transmit data

Analysis

It's Frangou versus the 'purists' in public shipowner debate

Analysis

Newbuilding berth dearth looms, but yard prices deter buyers

Boxships

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Flames extinguished after container collapse sparks blaze on Zim ship

Goldenport and Tsakos jump on containership asset play window

Crew evacuated as fire rages aboard Zim Kingston containership

CMA CGM pays big to acquire seven feeder boxships

Lomar Shipping nets $66m on sale of two containerships to MSC

ONE eyes $2.5bn containership deal as yard prices soar

Evergreen Marine posts best ever third-quarter results

Amazon tackles congestion by shipping own containers on G2 Ocean bulker

Cyclone Kompasu shuts down China's busy Yantian port

Grimaldi Group boosted by record year for container division

Maersk captain faces fire over allegations of sexual misconduct at sea

Zodiac adds containership newbuilds, this time with LNG fuelling

Daehan Shipbuilding marks containership debut with feeder vessel order

Walmart charters vessels as struggling smaller retailers look on in envy

MSC unleashes another $146m for five secondhand containerships

Ikea targeted on ship emissions by climate activists

Maersk latest shipowner to trial air lubrication system

Containership giant OOCL sees big jump in third-quarter revenue

Eastern Pacific inks $240m deal for containership trio in China

Yantian Express master: 'When your ship is on fire, you can't just go to bed'

2020 Bulkers posts biggest ever quarterly profit — again

North Korea slams efforts to surveil trades as trade with China rises

Decarbonisation

Japanese shipowners to spend $10bn annually to reach zero-carbon goal

OCIMF appoints Karen Davis of ConocoPhillips as new MD

Danish frigate sails for Gulf of Guinea to join growing military armada

South Korea's Namsung Shipping orders 2,500-teu containership newbuildings

Tw+

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This time it’s personal. Shipping heeds the call of the office

That’s oil, folks! The sun is slowly setting on tankers

Cruise is setting sail on an ocean of debt, so why is it so optimistic?

Shipping finds itself fast-forwarded into a digital future

Wine to water: 20 questions with Esben Poulsson of the ICS

The No Normal: Dry bulk had better get used to coping with volatility

When Covid met Brexit: How European shortsea operators rode out the storm

Labour convention shows its true stripes — it’s a toothless tiger

A lifeline for seafarers amid the hidden Covid-19 crisis

In sickness and in wealth: How Covid supercharged the box boom

Lambs to the water: How can livestock carriers clean up their act?

Everything you always wanted to know about carbon trading

Cargill gets ‘skin in the game’ of wind assistance

‘Ammonia-ready’ sounds great. What does it mean?

Does your ship have the EEXI factor?

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

TW+

Building in the bio: The quest for LNG’s holy grail

Synthetic-LNG: ‘it’s absolutely no miracle’

Tristan Smith: ‘The climate doesn’t care what’s on a certificate’

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

K Line and Petronas bump up midsize LNG carrier orders at Chinese yard

d'Amico beats spot market for 'very profitable' seven-year LR1 charter

First South Korean-built Arc7 LNG carrier hull arrives at Russia's Zvezda yard

Ready for a squeeze? Capesize FFAs poised for volatility due to urgent hedging

Wine to water: 20 questions with Esben Poulsson of the ICS

US government extends cruise restrictions to mid-January

ESG

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Green Seas

Will COP26 climate talks translate into shipping action at the IMO?

Demo prices to remain firm but green premium is lost

Simon Mokster explores use of ammonia in LNG-fuelled engines

Price and green yard capacity seen as key to imminent scrapping wave

'Realistic' target: Wartsila commits to carbon neutrality by 2030

Japanese shipowners to spend $10bn annually to reach zero-carbon goal

Comment

Shippers' zero-carbon pledge does not alter investment landscape

Columbia and TotalEnergies team up for 'green revolution' in shipping

Hong Kong Convention influence on recyclers is growing

Lines urge amendments to EU proposals for low-carbon fuels

Japan backs moves to mandate carbon neutral shipping by 2050

Salerno presses nuclear button in carbon debate

Mercy Cargoes fundraising appeal to launch on 10 November

Zero is 'possible'

'Firm' rules needed to deliver zero emissions, says Maersk Moller Center

Stena and Proman to pitch methanol engine retrofits to peers

Greece urges EU to go slowly on maritime decarbonisation

'Green R&D means nothing until you invest', says Emanuele Grimaldi

Klaveness robot shaves ships to scratch decarbonisation itch

Exmar enters CO2 carrier sector with design for panamax-sized ship

Crawford-Brunt to lead decarbonisation at Baltic Exchange

Seanergy takes out $17m green loan to help pay for bulker buy

US industry groups issue supportive statements on sexual misconduct — this time around

Kahn hands over the reins after 30 years leading Jumbo

International Seaways confirms $375m sale-leaseback of six VLCCs

'Realistic' target: Wartsila commits to carbon neutrality by 2030

Ship Management

Splash the cash or grow with the flow — which ship manager are you?

Insurance

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West of England sets 15% general increase for P&I as claims soar

London P&I Club refinancing may signal the end of cheap cover

Gard again goes for P&I gold, but some big names are struggling

Broker Aon calls for transparency over hike in P&I reinsurance costs

Skuld warns of sanctions risk as Iran and Venezuela oil exports rise

West P&I club warns of compromised cover over Sierra Leone cargoes

Swedish Club hit by claim for total loss of X-Press Pearl

Golden Ray set to become one of shipping's costliest casualties

Atrium and Skuld make key underwriting hires in London

Lloyd’s of London opens up on gender and ethnic diversity

Pandemic leading to increase in near-miss shipping casualties

Tsakos insurance chief urges caution on the road to digitalisation

Swiss Re backs a Poseidon Principles for marine insurance

Marine underwriters embrace 'watershed moment' in ESG transition

Viewpoint

P&I clubs are right to keep a tight grip on $5.5bn cash reserves

Former UK secret service head warns of geopolitical threat to shipping

Spotlight

Gallagher says shipowners can still be choosy in tighter insurance market

US Gulf shipping looks to reboot after Hurricane Ida devastation

Spotlight

Marine insurance outlook is brightening on road to recovery

International Group takes to YouTube to allay pool claims concerns

Ocean Yield wins over remaining bondholders to KKR takeover

Shipping industry finds itself fast-forwarded into a digital future

Salerno presses nuclear button in carbon debate

Laden LNG carrier targeted by Greenpeace in anti-gas protest off Spain

Columbia and TotalEnergies team up for 'green revolution' in shipping

Comment

Shippers' zero-carbon pledge does not alter investment landscape

Interview

Emanuele Grimaldi pushes green agenda in shipping, but criticises emissions trading scheme

Thanks a billion! Macquarie toasts ship finance milestone

Macquarie strong on decarbonisation path

Young lawyers should broaden horizons in cyclical sectors, says Winston & Strawn's Alison Weal

Times are changing for female lawyers, says Winston & Strawn's Alison Weal

Frontline's Barstad says charterers may have to break 'radio silence' on cargoes

Seaspan Corp transformation 'no accident', says Bing Chen

SSY in talks to buy shops as hot markets fuel competition

Shipping is like a 'good wine', says Martin Stopford on his industry half-century

Unni: Maersk Tankers deal a partnership with people 'smarter than me'

Seaspan Corp bets big time on 7,000-teu containerships

Profile

Langh-Lagerlof continues to innovate with clean tech systems

Lightship CEO: Shipbrokers will consolidate or could even go public

Genco Shipping begins a new chapter under veteran leader Wobensmith

Genco seeks to convince investors its dividends are here to stay

Genco Shipping plots scheme to carry containers on bulker fleet

Investor Ned Sherwood tells Frangou it is time to talk: We're not big, bad guys

Veteran investor Sherwood has been through tough scraps before

Karl Fredrik Staubo sets about delivering at Golar LNG

Hannisdahl says Frontline could make takeover move in undervalued tanker sector

Ship Management

OSM puts the emphasis on a good cultural fit

Lines urge amendments to EU proposals for low-carbon fuels

Trafigura seals over-subscribed $2.4bn green loan package

UPDATE

Owners warned after MSC containership boarded and OSV crew kidnapped

Captain and first officer die after shooting on tanker off Argentina

Japan backs moves to mandate carbon neutral shipping by 2050

LNG

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Analyst sees GasLog Partners, a rare US-listed LNG carrier owner, as a takeover target

Novatek's LNG growth goals spell demand for up to 30 more ice-class ships

Nakilat nudges up its third-quarter profit as it cuts costs

Celsius Tankers charters out next LNG newbuilding quartet to Gunvor

Celsius Shipping targets 20-ship LNG carrier fleet by 2025

Charter rates climb for LNG carriers in wake of wild week on gas prices

Golar LNG refinances convertible bond with new $300m issue

Celsius Shipping eyes LNG carrier newbuilding as fixture rates emerge

WinGD plots tri-fuel engines as it battles methane slip misconceptions

LNG newbuilding orders for first nine months top total in 2020

Qatar Petroleum orders four LNG carriers at Hudong-Zhonghua in deal worth in excess of $769m

Sovcomflot and NYK ink order for up to six LNG carriers for Novatek

IndianOil linked to six-figure LNG fixture as open ships become hard to find

Flex LNG says arbitrage profit of $108m per cargo will boost spot rates

Hoegh LNG Partners gets more time on FSRU refinancing

Golar LNG tests bond markets to refinance $402m issue as it adds $382m loans

NYK plots LNG bunker tankers and more LNG-fuelled bulkers

Novatek's Mark Gyetvay to fight tax charges after arrest in US

Pavilion Energy eyes South East Asian markets for LNG expansion

Gasum supplies first bunkers in France to Ponant cruiseship

Nakilat, Karpowership hook up on LNG-to-power play for FSRUs

Ship Management

IMC Shipping pulls in Mingfa Liu to head ship management services arm

Why Kumiai Senpaku is resisting temptation to cash in dry assets

Los Angeles and Long Beach to charge $100 for containers that ‘linger’

KCC's combi fleet beats MR tanker earnings by 300% in third quarter

Iran to meet with EU to further sanctions relief efforts

People

Maersk captain faces fire over allegations of sexual misconduct at sea

Tankers International resumes party action as UK gets back to office life

Maria Angelicoussis hires Stohle as her deputy in Greek shipowning colossus

Lois Zabrocky: CMA commodore, still and again thanks to Covid-19

Maran Gas Maritime's LNG architect Richard Gilmore to retire

Shipowners back code of conduct to protect seafarers' rights

Carnival's innovation leader appointed president of Princess Cruises

Crew of Hermes Maritime VLCC sends out SOS claiming abandonment

Top Ships tanker rescues yacht skipper and his pet in the Atlantic

Sveinung Stohle resigns at Hoegh LNG for a new shipping position

Simon Palthorpe steps down as president of Carnival UK

Reuben Brothers buys into Newcastle United as part of Saudi takeover

Profile

The leader working to right the Flopec ship amid probe into predecessor

Vision Ridge brings in Paul Luce to step up energy and transport investments

Abu Dhabi Ports seeks gender-balanced board as potential listing looms

International Seaways to cut Diamond S legacy staff after merger

Martin Ackermann takes on CCO role at expanded Synergy Group

Shipping fantasy football league grows as broker Hintz takes lead

Agricore grows with Clarksons broker and Bocimar capesize

Shipping is like a 'good wine', says Martin Stopford on his industry half-century

Cause of Zim Kingston fire still unknown, says Canadian Coast Guard

International Seaways said to tap $380m in cash liquidity in sale-leasebacks

Odfjell Chemical Tankers looks for nearly $4m after Mississippi River crash

Danaos technical experts board Zim ship to ensure crew safety

Roaring LNG, container markets push US shipping stocks higher

Port of Jacksonville offers berths to ease congestion

Business Focus

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Green ship technology

Decarbonising Swire Shipping requires a multi-fuel approach

Obsession over future fuels does not help decarbonise shipping, experts say

Green Ship Technology

Norway's Hyon charts a course for hydrogen bunkering

Green Ship Technology

LEO is new kid on the block for cleaner ships to transmit data

VSAT leader KVH disputes LEO's cheaper service claims

Green ship technology

In future, connectivity may come free with digital apps

New rules bring LNG sector to a fork in the road

Asia shipping confidence powers ahead

Spotlight

Marine insurance outlook is brightening on road to recovery

Iyo Bank profits by reaching out to non-Japanese players

Shipowners of Shenzhen look for boost from new fund

Offshore wind gives new impetus to reborn Singapore OSV player

Asia Maritime powers ahead in face of mixed markets and Covid-19

Maritime Asia

Singapore shipyards look to reap rewards of US offshore wind push

Spotlight

Australia’s Southern Green Gas unveils plans to produce synthetic LNG at scale

Spotlight

Wagstaff waves the flag for a more diverse London insurance market

Spotlight

Gallagher says shipowners can still be choosy in tighter insurance market

Spotlight

Cargo insurers feel the pain of growing containership casualties

Daughters push on as Greek shipping moves with a changing world

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

No end to port congestion crisis in sight, as backlogs hit record highs, says Clarksons

Idle drill rigs can get second wind in green energy market

Flames extinguished after container collapse sparks blaze on Zim ship

CMA CGM pays big to acquire seven feeder boxships

AMPTC jumps on dual-fuelled LR2 bandwagon with $328m deal at Hyundai shipyard

Mercy Cargoes fundraising appeal to launch on 10 November

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