TradeWinds | Latest shipping and maritime news

Gard boosts its legal team by hiring former Thomas Miller executive ‘Plenty of work for all of us’ as offshore wind shifts to long-term charters Nor-Shipping shows power of bringing women together Editor’s selection: Big names weigh in on shipping’s challenges in Oslo; Fredriksen fails to stop poison pill Surge in Russian diesel exports to Brazil reshapes MR trade MOL inks joint venture with Toyo Construction to source and operate wind ships UN plan ‘progressing well’ to remove oil from decaying tanker Powerful Greek shipowners echo John Fredriksen’s bet on bright future for tanker market Nine things we learned under the blazing sun at Nor-Shipping 2023 German bank posts chunky $37m loss but shipping book remains on track

Nor-Shipping

Nine things we learned under the blazing sun at Nor-Shipping 2023

Nor-Shipping

Powerful Greek owners echo Fredriksen’s bet on bright future for tanker market

Surge in Russian diesel exports to Brazil reshapes MR trade

Nor-Shipping

Nor-Shipping shows power of bringing women together

Fredriksen sells privately owned bulkers after taking newbuilding plunge

‘Plenty of work for all of us’ as offshore wind shifts to long-term charters

Seen at Nor-Shipping: Kristin Holth, Atle Bergshaven and more on the Christian Radich

Insurgent shareholders nearly defeated Seaways’ anti-takeover plan

Slideshow

NorthStandard’s top brass make Singapore pitstop to celebrate ‘marriage’

Gard boosts its legal team by hiring former Thomas Miller executive

Editor’s selection

Big names weigh in on shipping’s challenges in Oslo; Fredriksen fails to stop poison pill

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Business Focus

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Will shipping be able to trade its way to a low-carbon future in Europe?

European Union ETS: Just the start as shipping gears up for global fuel rules

Going long: Alternative fuels for shipping will require a sea change in the bunker-buying mindset

On target: Japan vies for pole position in race to build zero-emission ships

Meet the Crabster: In-water robots meet the biofouling challenge

Bunkering in Europe: The much-delayed bunker tax presents global implications

Sail power: Who’s got you covered when wind patterns fail?

Opportunities and risks in shipping’s new carbon market

Question time: Ship managers have their say over the great training debate

Shipowners and operators will need to step in to fulfil their own training needs

If you want to build safer ships — ask a seafarer, says InterManager

Listen up: The clock is ticking on upskilling seafarers now or miss the boat, warns DNV

Asia Maritime

Thomas Wilhelmsen: Asia has a lot to offer in the way of technology development

Microsoft and all-star shipping cast back Hafnia-led tech accelerator

Asian venture capital appetite for tech is growing, but US still leads

Bigyellowfish founders reveal how Asian tech start-ups can raise funding

New technologies are working, says Thomas Wilhelmsen

R&D: Why Shell Shipping does not need a bigger boat for its version of JAWS

The Tomorrow People: Future of FFA market will blend man and machine

Tech on a shoestring: Investors put maritime start-ups and scale-ups under the microscope

LNG

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First laden LNG carrier opens NSR summer season with eastbound voyage

New Fortress Energy gets greenlight for first FLNG unit kick-off in Mexico

Shipowners mull details of QatarEnergy’s 40-ship LNG newbuilding haul

Italy ups LNG regas capacity by greenlighting Livorno FSRU boost

Golar LNG ploughs cash into carbon capture in effort to slash FLNG emissions

CMA CGM to order LNG-fuelled vessels for acquired ropax outfit

Upping LNG bunker vessel efficiencies could add two ships to mix

CoolCo says up to 20 new LNG ships a year needed to replace old steamships

Golar LNG opts to scrap 46-year-old FLNG ‘conversion candidate’

Senegal’s first LNG cargo for KARMOL FSRU changes course for Brazil

QatarEnergy wraps up shipyard talks for Phase 2 of giant newbuilding project

CoolCo nets new multi-year deal for TFDE LNG carrier

Capital Gas locks away LNG carrier newbuildings to Japan’s JERA

Flex LNG upbeat on competing with pricey 2027-delivering newbuildings

GasLog locks in term charter deals on three LNG carriers

FLNG unit sale and FSRU charter turn a first quarter profit for Exmar

Healthy global LNG demand expected in second half 2023, Excelerate says

H-Line Shipping wraps up LNG carrier charter with Posco International

Taiwanese shipowner named as buyer of one of BW’s oldest LNG steamships

Golar LNG proposes bond rejig as balance sheet strengthens

Comment

Sanctioned ‘dark fleet’ starts to figure in Allianz casualty count

Nor-Shipping

Oldendorff’s M&M Bank eyes AI for ship finance with partners in tech and law

Heroic Idun crew set for family reunions after 10-month ordeal

Gram Car Carriers closes in on share buyback target

MOL dives into Delfin Midstream as it branches out into FLNG

Al Seer goes for growth as cornerstone investor in Adnoc L&S after $600m IPO

Tw+

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‘Unprecedented challenge’: Shipping braces for an ESG disclosure tsunami

Is China set for the great container ship reset over the next decade?

Will the IMO make history by electing its first woman secretary general?

How close is the end of the road for tankers?

This is Robert Bugbee, speaking to you from the future

Is Wall Street ready for another look at shipping?

Big house, little house: the future of shipbroking

Fasten your seatbelts: dry bulk is in for a bumpy ride

Electric car sales set to change nature of oil markets, says IEA

TW+

Shipyards build up to the challenge of launching a zero-emission fleet

TW+

Whatever happened to all the offshore newbuildings?

Machine earning: How digital monitoring can make a difference

Carbon laws dawn: Are new IMO emissions rules fit for purpose?

Cruise seeks cut to intensity to prevent perverse incentives

Tug of law: CII ‘cuts through the heart’ of contracts

How to digest the IMO’s alphabet soup of rules

How EEXI and CII work (not forgetting SEEMP)

Rules not fit for purpose won’t get the job done

Class takes the lead on setting ship energy plans

Climate experts tell IMO: Here’s where you’re going wrong

Fredriksen ‘started smelling something’ before Euronav takeover attempt

Nor-Shipping

‘Enjoy the ride’: shipping is about to get bumpy, says SSY research head

MPA recruits more venture capitalist firms for Singapore accelerator

UK underwriter ‘kept North Korea’s foreign trade fleet afloat’

Streetwise

A ho-hum shareholder meeting is music to the ears of Seaways management

Viridis gets second class nod for ammonia-fuelled bulker design

People

Lars Solbakken re-emerges at Latsis and Costamare-backed Neptune Leasing

Steamship Mutual appoints first women to chair P&I board

Ulrik Andersen quits at Golden Ocean as commercial chief Svensen steps up

US envoy John Kerry taking decarbonisation message to Nor-Shipping

Hafnia founding partner Anders Engholm retiring after 43 years in shipping

Shipping workers raise thousands from Lake Geneva cycle ride

Nikolaus Schues takes over at Bimco with digitalisation mission

Jacob Meldgaard hands over to Torben Carlsen at Danish Shipping

German shipping legend Bertram Rickmers dies at age 71

Pangaea Logistics celebrates 25 years and the life of late founder Ed Coll

Genco Shipping taps in-house manager for promotion to CFO

Fichte & Co lays on hospitality at UAE Maritime Week

More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’

Meet the energy major trailblazing a path for women in marine fuelling

Julie De Nul and Ole Henrik Bjorge join Euronav board, but another key executive leaves

Car carrier crew nominated for bravery award after migrant rescue

Hill Dickinson takes on Clyde & Co casualty expert Martin Hall

‘The trust had gone,’ says Hugo De Stoop as he explains Euronav exit

Vasilis Bacolitsas goes to Hollywood: Greek shipowner snaps up LA home for $17.5m

Danaos C-suite reshuffle as Prokopakis retires as chief operating officer

Quarter of owners lead carbon cut plans, while long tail is slower to move, survey finds

Oman’s Asyad grows chartered fleet by 32 ships as profit rises

Nor-Shipping

Stakeholders shun shipping like ‘tobacco’, complains Seatankers

Nisshin Shipping legend and founder Yayoi Fujii dies aged 91

CMA CGM expands terminal reach by buying into Cosco’s Spanish ports

Protesters target oil carriers with homemade bombs in Peru

Insight & Opinion

Wavelength

Comment: Shipping in pole position for race advantage over transport peers

Value gap: investor Joakim Hannisdahl says shipping company pricing ‘unsustainable’

Newsletter

Streetwise: The John Fredriksen ‘war of words’ show hasn’t closed, it’s just changed venues

Bimco: Best tanker outlook since 2008 financial crash

Hundreds of new maritime firms set up with Russia links

Comment

Reputable owners live high off the ‘dark fleet’ they deplore

Viewpoint

Criminalising an officer’s honest mistake sends the wrong message

‘Dark’ ship-to-ship transfers present daily risk in sanctioned tanker trades

Editor’s selection: De Stoop departs, Stolt spotlights corruption and Greek shipowner’s Hollywood S&P foray

Comment

From a deluge in Florida, a lesson in port resilience

Wavelength

Why shipowners are right to be nervous about China sanctions

Wavelength

Bright dawn beckons for shipyards as they enter a brave green world

Viewpoint

Time for IMO to walk the walk: Elect a woman secretary general

Editor’s Selection: Clarksons’ pay problem, passing the buck on Pablo and Japan mourns titan’s death

It’s now or never for the Hong Kong Recycling Convention

Asian banks got burned by offshore. ‘I don’t think they will be back’

Wavelength

Wavelength: Shipping awaits the starting gun for deepsea gold rush to begin

Comment

Seizing Iranian oil cargoes is one thing divided US lawmakers can agree on

Viewpoint

Viewpoint: Pioneers or sitting ducks? Norway’s electric ferries are ready for the challenge

Comment

Shipping caught in the crossfire amid war of words as Ukraine grain deal renewal looms

Bertram Rickmers remembered at Hamburg funeral service

Knutsen teams with LR, HHI and KSOE to assess lifecycle carbon emissions on LNG carrier

Oshima Shipbuilding wins bulker order from Meadway Shipping

Capesize spot rates ‘hesitant’ despite 5% rise in demand, Bimco’s Filipe Gouveia says

Nine seafarer hostages freed four months after product tanker broke down off Libya

Golden Energy Offshore boss Fagervoll builds stake to 10% with share deals

Boxships

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Louis Dreyfus Armateurs backs project for low-emissions boxship

Yang Ming confirms container ship order at HD Hyundai Heavy Industries

Container ship newbuildings could be hit by delays of up to 12 months

CMA CGM to order LNG-fuelled vessels for acquired ropax outfit

Container ship owners eye benefits of ‘friend-shoring’ as geopolitics reshapes trade

Hapag-Lloyd eyes ‘challenging’ 2045 carbon target as its first LNG-fuelled container ships emerge

Lines look for Panama fillip to seal delayed transpacific contracts

Freight rates are unsustainable and will have to rise, warns Zim

MPC Container Ships logs profit as charter markets stabilise

Freightos posts wider loss after absorbing listing expense

‘Freedom flotilla’: Russia and Iran plan to build 20 sanctions-proof ships

ONE and Wan Hai fined by US regulator for alleged misconduct

MSC’s phenomenal growth continues as fleet breaches 5m-teu threshold

Yang Ming opts for South Korea’s Hyundai Heavy as China spooks shipowners

Danaos Corp will soon be net debt-free

‘Patient’ SFL boss Ole Hjertaker explains where shipping’s smart money is going

Euroseas defends profitability on the back of long-term charters

Italian newcomer Kalypso quits transatlantic trade after freight rate fall

Three big conros to disappear from trading in sale to US military

Hapag-Lloyd draws up plan to demolish ‘end-of-life’ container ships

OSG tankers in double sea rescue within 18 hours

Ammonia pipeline blast casts fresh doubt on Ukraine grain corridor

Wavelength

Ukraine crisis triggers new Cold War for shipping in the Arctic

Report claims seafarer has died in fire on MSC container ship

Ship Management

Singapore study says upskilling ‘essential’ for decarbonisation and digitalisation

2020 Bulkers ups dividend as index-linked charter rates rise

ESG

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Green Seas

Podcast: Who’s going to foot the bill to decarbonise shipping?

Nor-Shipping

Nor-Shipping shows power of bringing women together

Nine things we learned under the blazing sun at Nor-Shipping 2023

Newsletter

Green Seas: Can the geopolitical divide be overcome to bring a global carbon levy for shipping?

Protestors target oil carriers with homemade bombs in Peru

One-fifth of world fleet lead carbon cut plans, while long-tail is slow to move, survey finds

Green Seas: At Nor-Shipping, carbon is everything everywhere all at once

ZeroNorth teams with Sedna to mine and better harness maritime email data

Nor-Shipping

Shipping leaders mull how to nudge carbon cuts in an industry not structured for change

Ardmore Shipping to fit more carbon capture-ready scrubbers to MR tankers

Louis Dreyfus Armateurs backs project for low-emissions boxship

Opportunities and risks in shipping’s new carbon market

Green Seas

Podcast: Container shipping follows the leaders on a variety of alternative fuel pathways

Bunkering in Europe: The much-delayed bunker tax presents global implications

Meet the Crabster: In-water robots meet the biofouling challenge

Going long: Alternative fuels for shipping will require a sea change in the bunker-buying mindset

Will shipping be able to trade its way to a low-carbon future in Europe?

Shell urges shipping to pick up the pace on decarbonisation

BW Epic Kosan latest shipowner to secure gender diversity-linked loan

ABB mimics whales to come up with highly efficient new propulsion system

Broker Marsh puts FD&D cover under the microscope

MOL orders dual-fuel coal carrier against charter from Kepco

Improving offshore markets help OSV player Sealink slash the red ink

Klaveness’ Engebret Dahm raises pressure on IMO at TradeWinds forum at Nor-Shipping

‘I accuse you!’: How a controversy over a tanker deal tore Ecuador’s politics apart

Green Seas

At Nor-Shipping, carbon is everything everywhere all at once

Offshore

Solstad Offshore sales whittle down debt and readies owner for the energy transition

Revitalised DOF plots Oslo IPO under bank and bondholder ownership

Eidesvik Offshore completes seismic shipping exit with trio’s sale

Top investors ‘exploring options’ for Singapore OSV player Atlantic Navigation

Market analysis: Oil majors loosen age restrictions as Middle East OSV supply tightens

AMSC looks to refinance offshore vessel as charterer finds the ship work

Purus continues order spree with up to four CSOVs at Vard

Eneti eyes up to $41m in new revenue from existing WTIV unit

Deugro teams up with Siemens and Amasus to order newbuild brace in China

Opaque project in line to drive $750m into Subsea 7 coffers

Siem Offshore seeing improvement while eyeing long-term deals for construction vessels

Awilco Drilling drops Keppel Corp pursuit after rig newbuilding dispute

Tidewater returns to profit as rates ‘continued momentum’ during slowest quarter

Reach Subsea returns to profit as offshore market picks up

SAAM Towage Brazil buys 21 tugboats for $198m from Starnav

Scotland’s North Star explains how to fund expensive wind ships in volatile debt market

MOL and Mitsui buy $188m of Modec shares as new FPSO alliance formed

BW’s Cadeler lands $550m-plus of contracts for wind farm ships

Start-up Cyan tasks Ulstein with designing wind ships in $1bn push

Bourbon joint venture becomes first domestic OSV operator in Guyana

Greeks triumph in fierce bidding war for modern Chinese ultramax

Strong tanker operations help Trafigura to $5.5bn profit as credit lines hit $75bn

‘Unsafe and unseaworthy’ Briese MPP banned in Australia

OceanPal executes 1-for-20 reverse stock split to keep Nasdaq listing

Transpacific freight rates jump 30% as strike fears loom large

Titan snaps up Fratelli Cosulich’s first LNG bunker vessel in long-term charter deal

Interview

IMO ‘will agree ambitious carbon cut target’ says Europe’s candidate to head UN agency

Engineer Louise Tricoire embarks on her next voyage of discovery

More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’

Freight derivatives need to solve the ‘chicken and egg’ problem to crack growth

‘The trust had gone,’ says Hugo De Stoop as he explains Euronav exit

Well-armed: AMA Capital Partners is never at a loss for direction in the boardroom

Fresh face steps up to lead Tankers International in VLCC pool growth push

Shipowners face challenges deciding on decarbonisation retrofits, Wartsila’s Tamara de Gruyter says

Sanctions and geopolitical tensions will put shipowners in tight spot, NorthStandard’s Salthouse says

‘I thrive on challenges’: How Cargill’s Eman Abdalla stumbled into shipping and couldn’t turn back

‘Bulk can mean anything’: GoodBulk won’t limit itself to dry cargo in the future

Interview

Seismic power shift: MOL goes global with biggest shake-up in its history

‘It has been quite a stressful two years’, says Takeshi Hashimoto after taking MOL hot seat

Columbia’s Mark O’Neil urges shipping to shift focus because fossil fuels are going nowhere

Option advantage: ‘We don’t have to run round buying ships,’ says Paolo d’Amico

‘If we snooze, we lose’: Clarksons eyes expansion amid tough competition

TotalEnergies’ Cousin looks to grow dual-fuelled tanker fleet as major probes future fuels

Planets aligned for Braemar’s Reed-Sperrin in ‘interesting’ derivatives markets

Further ship management consolidation hard to see, Columbia’s O’Neil says

Succession: Carsten Rehder passes the baton to next generation

Zabrocky survives shareholder vote for board seat at International Seaways

Bunkering in Europe: The much-delayed bunker tax presents global implications

Nor-Shipping

How do you nudge carbon cuts in an industry not structured for change

Nor-Shipping

Owners at Nor-Shipping extol virtues of volatility as market lows get higher

AD Ports teams with Crystal Offshore for new UAE ship repair venture

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