TradeWinds | Latest shipping and maritime news

Evercore predicting weaking for LNG, but strength for LPG rates Globus offers more shares, lowers price on prior offer Sovcomflot reflects on first ‘virtual IPO’ for Russian shipowner Orlando Ashford appointed Azamara executive chairman Insurer Apollo takes on new marine head at Lloyd’s syndicate Bunker player LQM closes London office and removes chief executive Scorpio Tankers heading for big earnings miss? Deutsche Bank's Amit Mehrotra is unfazed Glencore and Trafigura take scrubber-fitted tanker newbuilds in period deals Legal action forces Economous’ hand on buyout of LNG quartet Siem Offshore may go to court in Brazil to force through debt deal

Legal action forces Economous’ hand on buyout of LNG quartet

Evercore predicting weaking for LNG, but strength for LPG rates

Sovcomflot reflects on first ‘virtual IPO’ for Russian shipowner

Cruise and Ferry

Orlando Ashford appointed Azamara executive chairman

Glencore and Trafigura charter scrubber-fitted tanker newbuilds

Scorpio Tankers heading for big earnings miss? This analyst is unfazed

Analysis

Frontline and Euronav: owners to scrap and pool ships

Globus offers more shares, lowers price on prior offer

Ship Management

Bunker player LQM closes London office and removes chief executive

Obituary

Clarksons' Middle East boss Essam Bella dies from Covid-19

BW Group sells off Golar LNG shares

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Weekly Edition

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For public shipowners, once-questionable scrubber investments are starting to clean up

Owners must be smart to negotiate 'disastrous' negative tanker markets

DryLog and ArcelorMittal tie-up eyes bulker order worth $302m

Avin International orders ‘ammonia-ready’ suezmax tanker in decarbonisation drive

New Fortress Energy buys Troim's Hygo and Golar LNG Partners in shock $5bn deal

Scrap prices tipped to breach $500 barrier as interest spirals

Shell and Trafigura take product tankers on period deals to kick-start 2021

Eastmed clinches deal to buy tanker newbuild trio from Evangelos Pistiolis

New lockdowns will have 'profound' effect on suffering tanker market, Cleaves says

Twenty years after General Maritime, Peter Georgiopoulos takes a different view on public markets

Profile

Norwegian broker teams up with quarry group to charter bulkers

Eastern Pacific Shipping unmasked as buyer of six LNG-fuelled boxship newbuildings

Yara Marine accelerator unearths battery system with 'five times energy of lithium-ion'

Oshima opens the door to Greek orders after 45 years of shunning its shipowners

Greek owners in talks for long VLCC period charters amid improved mood

BW Group swoops on Navigator Holdings in $197m deal for WL Ross stake

Shell linked to upcoming LNG-fuelled VLCC order haul at DSME

New Normal

Kristin Holth: 'We need to make a deep dive into how resilient we are'

George Logothetis wins first round of 'commercial fraud' dispute with investor

US commodities trader sued after leaving bulkers in the lurch

Insight & Opinion

Have DHT Holdings' 'masters of the tanker cycle' timed it right again?

Scrap prices fall sharply as negotiations grind to a halt

Bulker owners expect a Chinese New Year 'like no other' will keep rates firm

Tanker market in transition for 2021 as oil flows rebalance amid pandemic

WFW lifts lid on how it pulled off unique $3.2bn Bourbon restructuring

Where next for Germany’s fizzing maritime start-ups?

BW-backed Cadeler seen as potential consolidator in wind vessel sector

Rebounding bulkers buck trend as S&P deals drop 11% in 2020

DNV GL estimates 80% of ships need to take action to meet incoming efficiency standards

Period enquiry perks up but remains an elusive thing for bulker owners

Crude tanker market bloodbath as shipowners face negative returns

‘Sudden change’ as shipowners respond to charterers and regulators call for greener ships

New Fortress set to build 13-vessel fleet with Hygo-Golar Partners buy

ABS sees great potential in ammonia as bunker fuel — despite challenges

Yards to face uphill battle on first-quarter newbuildings

Questions raised: Prosecutor says no evidence of threat to crew on 'hijacked' Navios tanker

DNV GL says further class mergers are ‘not part of the plan’ after name change

European recycling rules tied in knots with capacity cut off

Scrap prices tipped to breach $500 barrier as interest spirals

New lockdowns will have 'profound' effect on suffering tanker market, Cleaves says

Maersk to count cost of container collapse in the Pacific

Analysis

What really lies behind the rise and rise of handysize bulkers?

Newbuildings

Cosmoship of Greece orders up to four boxships in China

Profit surge for Hapag-Lloyd raises hopes for 2021

New player Moderna Marine highlights Greek thirst for kamsarmaxes

Smaller German ship managers face bleak future

Offshore

Kristian Siem loses control of Siem Offshore as banks move in

Harren & Partner latest owner to join offshore wind market

Eidesvik Offshore and Golden Energy scoop wind farm charters

Restructured Bourbon to sell or scrap more than 100 ships

Edison Chouest cuts deal for PSV battery power installation

Seacor Marine and CMB strike 46-ship deal for crew transfer business

Van Oord signs for biofuel-powered wind farm cable layer at Vard

Ziton raising $54m to buy wind vessel for Siemens contract

GLDD plans Jones Act fallpipe vessel for US offshore wind market

Siem Offshore unit sells idle anchor-handler in Canada

Solstad avoids buying $122m ship by fixing it in South America

China confronts rig and offshore vessels off Malaysia

OHT grabs share of $406m Norwegian financing for turbine project

PGS launches UK court action to bring rebel lenders on board

Simon Mokster divests PSV headed to serve Turkish power sector

Almost impossible to win decent rates in 'dark' days for PSVs

DOF tasks subsea CFO Jan Nore with clinching $2bn refinancing deal

OHT eyes $2bn of wind charters and main Oslo listing

DOF wins round more banks but rebels blocking vessel accounts

Keppel secures mystery $440m offshore renewable vessel order

Finance tops the challenges for German shipowners

Newbuildings

Fortescue floats $700m tender for LNG-fuelled newcastlemaxes

Orsted charters new hybrid crew transfer vessels

Spot market

LNG carrier charter rates slide from hot highs

Comment

Neptune response to crew crisis needs to work for seafarers and trade

Montenegro pulls the plug on support for two state bulker owners

Boxships

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Container rates from Asia to Europe top $10,000 per feu

Eastern Pacific Shipping cashes in on strong containership market

Frangou's Navios Logistics offshoot joins hunt for New York IPO

Damaged Maersk boxship forced to divert after container collapse

Maersk assembles new 50-strong team to transform its fleet

Buyers emerge for Maersk ships in 'second death of P&O Nedlloyd'

Boxship charter rates pushing on from 12-year highs in 2020

Drugs found on Hapag-Lloyd boxship boarded by 'pirates'

Robert Maersk Uggla sounds note of caution over soaring rates

Boxship giant Atlas Corp fills CFO role with ex-Maersk man Graham Talbot

Comment

Zim's asset-light IPO strategy might not be as watertight as outfit and analysts think

Matson expects much higher profit off China business

Zim chases 'proper chance' to break shipping's 5-year IPO drought in New York

'Patent troll' ropes Hapag-Lloyd into infringement disputes

Zim files papers to start 2021 with New York shipping IPO

DSME terminates $770m containership order over unmet conditions

Ocean Network Express locks in world's largest boxship newbuildings in deal with Shoei Kisen

Booming boxship markets scupper Samherji's second offer for Eimskip

Insurers draw battle lines ahead of decision on ONE boxship claims

PIL multipurpose vessel suffers fire in New Zealand port

Schulte boss looks to woo German capital back to shipping

South Korea's Hyundai Heavy Industries plans $900m IPO

Oldendorff working on folding rotor sail design for bulker fleet

Vietnam’s appetite for grains helps boost bulker tonne-mile demand

Capesize spot rates continue to fall amid 'seasonal headwinds'

Iran demands to know why NITC VLCC was seized in Indonesia

LNG

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Arc7 LNG carrier damaged on Northern Sea Route winter voyage

Sovcomflot confirms LNG newbuildings deal with Total

Awilco breaks its own charter rate record on LNG carrier fixture

Hot LNG shipping market seen as possible stronger seasonal trend

Jovo buys steam-turbine LNG carrier from Mitsui OSK Lines

New Fortress Energy buys Troim's Hygo and Golar LNG Partners in shock $5bn deal

Record $350,000 spot rate paid for LNG carrier rocks market

Flex LNG comes back for another round of share buybacks

Maran Gas linked to $368m LNG carrier order at Samsung Heavy

South Korean yards score $3bn Mozambique LNG orders — but with conditions

George and Christos Economou sued for ‘sabotaging’ LNG carrier sales

Hot LNG carrier charter rates can climb higher, Poten says

Probunkers applies for LNG bunkering license in Singapore

Study finds LNG-fuelled VLCCs can save $8,000 per day

Golar rockets back near pre-deal pricing on record day for stock market

Maran Gas swoops on berth at SHI as Total nears chartering choice

Celsius Tankers locks away its unfixed LNG carrier trio to Cheniere

Titan LNG doubles LNG bunker barge fleet with Antwerp unit

Novatek plans to send LNG cargo through Northern Sea Route in December

LNG steamship debate rages as shipowners discuss their future

UPDATE

Banks take over Polarcus seismic vessel fleet hours after owner defaults

Analysis

Dorian LPG beating consensus but dividends face delay

Eastmed-linked companies sue to stop Integr8 arbitration push

'Coalition of the willing': shipping using its strength to solve crew crisis

On Watch

Jefferies analyst Randy Giveans celebrates arrival of ‘sistership’

US domestic shipping cheers Biden executive order

People

On Watch

On Watch: Anil Sharma's Indian Super League football club needs to scrap for survival

Biden's transportation pick supportive of Jones Act

Video

Bernhard Schulte’s karaoke kings ‘get loud’ with TradeWinds

Norton Rose Fulbright includes 19 lawyers among 132 EMEA redundancies

Wallem chief executive Frank Coles resigns for unspecified crew welfare role

Mercuria taps Singapore fund manager for new source of finance

Buzby steps down from MarAd role after Capitol riots

Former Shell man admits Singapore bunker tanker oil theft

Japan sees first woman appointed as CEO of container terminal

Astaara expands following West of England investment

Nor-Shipping postponed until 2022 due to worsening pandemic

Amazon's Jeff Bezos names rocket recovery ro-ro after his mother

The return of Peter Georgiopoulos: veteran shipowner back in game with swoop on UACC

Fearnleys CEO Sorensen quits to take charge at Avance Gas

Arne Fredly calls 80% of listed shipping companies 'pure fraud'

Seafarer dies after knife fight on tanker off Taiwan

Navigator Gas gets new director as BW Group deal closes

Diamond S Shipping parts ways with top commercial officer after tough year

Eimskip's first female reefer chief officer is just one of the team

Rio Tinto names a former Maersk CFO as its new CEO

NYK Line presses on with wind vessel move in deal with OYO

Cosco arm teams up with MOL on Arc7 LNG trio for Novatek

Ship Management

Interview

O'Neil says worsening crew-change situation could last into 2022

USTC bunker hedging unit makes banker its chairman

Tanker stuck off UAE for three years runs aground in storm

Containerships spur confidence in German finance circles

Insurance

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Viewpoint

For P&I alternatives, shipowners should fix their eyes on Asia

Schutzverein consolidates position after weathering the coronavirus storm

P&I renewal talks to tackle ‘perfect storm’

Former marine insurance executive convicted of assaulting his girlfriend

Insurer Alandia offers mental health support to seafarers

P&I

Virtual renewal to hit owners with very real rate rises

Leading P&I mutuals continue to register fixed premium growth

P&I

P&I casualty costs soar in the age of mega ships and tougher environmental standards

P&I

Big data could play key role in reducing ship casualties

Shoreline keeps lid on rates at Athens Blue War Card renewal

Freight-rate insurance is on its way from firm that launched first fuel-price cover

IUMI head Turner takes newly created marine role at Victor Insurance

Ince does not need another 'major transformational' deal

Containers lost from ONE Apus leading to 'extraordinary costs'

Pacific Carriers fined $12m in US over ‘multiple’ pollution incidents

Video

Insurers pay out $900m as car carrier claims soar

Insurance claim concerns calmed after New Diamond declared 'pollution free'

West of England braced for big claims from twin casualties

Marine insurers warned they will pay for climate change

Insurer Skuld reports half-year loss as claims rise

Ship Management

Interview

O'Neil: It's not enough to sign, then forget, Neptune Declaration

Wan Hai Lines inks deal for a dozen boxships at Nihon worth $565m

Covid-19 hits PSC inspection numbers in the Pacific region

Handysize bulker futures market set to launch following shipowners' campaign

Cosco tanker arm takes $130m write-down on aged tankers

Berglund reflects on life in Hong Kong and rebuilding Pacific Basin

Interview

Robert Maersk Uggla sounds note of caution over soaring rates

Market mechanisms better to cut shipping emissions, says former European regulator

DNV GL says further class mergers are ‘not part of the plan’ after name change

Trash to treasure: Maersk intensifies plastics clean-up work

'It's important that everybody sees themselves as a role model for someone' — Temi Binitie

'Black swans come in flocks': What Trafigura's shipping chiefs learned in 2020

Trafigura to shrink tanker fleet on bearish freight market view

New TMV fundraising push takes Marina Hadjipateras back to her roots

Marina Hadjipateras: shipping start-ups will need to learn the language of data

Citizen of the world Ina Lutchmiah takes challenges in her stride

Stopford and De Stoop look at bright side of new emission rules

Ince does not need another 'major transformational' deal

ZeroNorth's carbon-cutting software to be integrated with fleet management platform

Trials and tribulations: Studying shipping under lockdown

Braemar goes ‘back to the future’ as shipbroker Gundy takes helm

Lois Zabrocky: the Iowa farm kid who made it to the C-suite

Maritime Asset Partners 'building out' its team and its portfolio

'Once in shipping, always in shipping' — Platsidakis knows next career path

Claus-Peter Offen sells 'ill-fitting' bulker division

UK charity thinks outside the box to bring seafarers home

Five seafarers missing after boxship and tug collide off Indonesia

Valles Steamship tanker crew retreat to citadel after pirate approach

Citadels said to remain secure despite Borealis boxship attack

Prelude FLNG exports second cargo after restart weather blip

HHI and DSME merger deadline pushed back to June over EU concerns

United Heavy Lift sells 50% to Zech foundation in preparation for ‘next big step’

Business Focus

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P&I

International Group stays calm over eye-watering casualty bill

P&I

Pandemic increases insurers' focus on crew well-being and mental health

P&I

P&I casualty costs soar in the age of mega ships and tougher environmental standards

P&I

Technology to the rescue in clamour to seal deals ahead of renewal D-day

The New Normal

Anita Gajadhar: Building resistance in an 'ever-changing global environment'

New Normal

Fabiola Hernandez: A return to the pre-Covid-19 environment looks unlikely

'This is the new normal': Read 40 shipping players' perspectives on what's changed for the sector

New Normal

Abdulkareem Al Masabi: Now is the time to 'act strategically with a long-term vision'

New Normal

Jens Martin Jensen: Why shipping's future makes it worth going back to chemistry class

New Normal

Iro Gidakou: Out of the challenges for seafarers, some opportunities can emerge

Greek shipping looks to an era of opportunity

Greece tries to boost its flag but may fall short

Dorian LPG ‘a thousand times more educated’ on crew change after crisis

George Papadakis: a ship repair broker for all seasons

'Once in shipping, always in shipping' — Platsidakis knows next career path

Greek shipping looking to turn crisis into opportunity

Marine risk

Trio of losses rings up $100m in claims for hull underwriters

Marine risk

Pandemic exerts pressure on marine insurance sector

Marine risk

Shipping braced for increases in insurance rates

Marine risk

Marine insurers step up environmental social and governance strategies

Unique Shipping trims fleet with $40m deal to sell gas veteran

Two names mulled for Biden's maritime administrator

Xihe chemical tanker sails over to new owner in the Middle East

Norway's Cryo claims LNG bunkering record in Straits

ABS teams with Singaporean university in ammonia bunker study

S&P

Moundreas family keeps spinning on capesize wheel with two buys

Jobs

Ship Broker

Ocean Freight Exchange

Representative – Japan

Representative – Japan

Triomphe Shipping Pte Ltd

General Manager - Singapore

General Manager - Singapore

Triomphe Shipping Pte Ltd

Experienced dry bulk and project brokers

Experienced dry bulk and project brokers

Lightship Chartering