TradeWinds | Latest shipping and maritime news

VLGC market sustains ‘dramatic correction’ as traders relet chartered-in ships, Clarksons says Capital Product Partners snares Japanese LNG expert as board member War risk rates ease as Ukraine grain shipments pick up Berlin start-up teams with MPCC, Harren and Zeaborn on carbon trading platform Former P&I boss Catherine Mulvihill takes over at nav dues body IFAN Maersk Tankers launches first LR1 pool with Sanmar Shipping purchase Green Seas: Are floating nuclear power vessels the future of zero-carbon energy? Inside the crewing hub at the heart of merged giant OSM Thome Viewpoint: Could the EU ETS bring collaboration to shipping markets? Petrobras on the PSV hunt in contracting spree worth nearly $1bn

Spot rates

VLGC market sustains ‘dramatic correction’ as traders relet chartered-in ships, Clarksons says

US buyer paid high price for Pyxis MR tanker due to military tender

Athenian Sea Carriers doubles up on chemical tanker orders in China

War risk rates ease as Ukraine grain shipments pick up

Capesize dealmaking heats up amid rising earnings and secondhand prices

North Sea AHTS ships cash in before migrating south for winter

Petrobras on the PSV hunt in contracting spree worth nearly $1bn

Ship management

Inside the crewing hub at the heart of merged giant OSM Thome

Greek newcomer orders suezmax tanker newbuildings in China

Green Seas: Are floating nuclear power vessels the future of zero-carbon energy?

Ship Management

Australia slams V.Ships Greece over poor port state control record

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Business Focus

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Ship management

Geography trumps geopolitics for Cyprus amid the fog of war

Ship management

Fleet Management’s Kishore Rajvanshy on tackling challenges and reaping rewards

MaruFleet venture to drive Marubeni shipowner MMSL’s decarbonisation journey

lisw23

London shipping: Are the Baltic Exchange and FFA market experiencing the ‘seven-year itch’?

lisw23

‘What’s London got to do with it?’: Shipbroking confronts a new world order

Only the strongest survive in London’s ‘overcrowded’ legal market

London law firm Stann makes waves after setting free the Ever Given

Russia’s dry cargo trade is booming in the war-torn Black Sea

Editor’s selection: Black Sea backlog, Maersk Broker deal off? and Laskaridis turns to tankers

LNG carrier S&P action: Natural peak or emerging market?

Exmar set to grow back its LNG business as it seeks to go private

NSML switches to upskilling seafarers after ‘Nigerianisation’

Shipowner-operator Seapeak says time-charter length shift is ‘positive’

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?

Insight & Opinion

Car carrier shortage bodes well for PCTC sector as demand for vehicles drives upwards

Editor’s selection: Euronav carve-up? Dubai’s dubious accolade and police probe Ince deal

Nordic American talks up suezmaxes: ‘The market is good for our ships’

Forget Phoenix, no more Nordic: It’s all Pangaea Logistics from here

It’s a compromise, stupid! Former Cyprus shipping minister Vassilios Demetriades spills beans on EU horse-trading

10 years after: John Wobensmith tells ASBA forum about the decade past and the one ahead

Editor’s selection: Braemar probe widens, Fearnleys seals Ocean deal and what is making Andreas Sohmen-Pao nervous?

Can the first commercial hydrogen carriers meet 2030 project target?

Wavelength: Will Russia spoil the product tanker party?

Carbon capture and storage goes global but only when the price is right

Suez Rajan cases raise questions over Iran’s crude dealings and US sanctions

Wavelength

Shipping must seize the day of Salman, Biden and Modi’s ‘big deal’ at G20

Comment: What price will shipping pay for its wonky moral compass?

Scorpio’s Robert Bugbee ‘hasn’t even started to think about starting to think about’ new tanker orders

Marine insurance claims return to pre-pandemic levels as inflation bites

LISW23

Talent pool and connection to global shipping hub fuels UK tech

We’re not buying, say tanker owners as newbuild prices soar

Donso shipping meet is neither London nor Oslo. It has a magnetic charm of its own

Viewpoint: There is no more time to waste in ‘decarbonisation’s decisive decade’, says DNV Maritime

Wavelength: How can seafarers be protected from sexual violence where impunity reigns?

Former P&I boss Catherine Mulvihill takes over at nav dues body IFAN

Ship management

Geography trumps geopolitics for Cyprus amid the fog of war

Viewpoint

Viewpoint: Could the EU ETS bring collaboration to shipping markets?

Qatar presses start button on world’s ‘largest’ LNG expansion project

Mystery of missing sextet from QatarEnergy’s $3.9bn Phase 1 LNG newbuildings

Energy trader BGN seals gas carrier deal with Pertamina International Shipping

People

Watson Farley & Williams beefs up Athens hub with six more Ince defectors

Ince’s global head of marine projects decamps to Stephenson Harwood

Royal Arctic Line hunts new CEO as Verner Hammeken steps down

Penningtons Manches hires latest Ince & Co departures

Shipping man Stefanos Kasselakis wins party vote to become Greek opposition leader

Luksic family’s shipping gamble pays off as fortune swells to $25bn

Former Wallem managing director Peter Cowling dies

Slideshow

In pictures: ‘When the wind dies’ at Peter Gast Schiffahrtsregatta 2023 it brings on ‘racing drama’

More executives exit Flexport as logistics start-up looks to return to growth

Shipping industry targets $3m goal for Africa charity in 2023

‘Troubling’: Crowley wind executive exits company after sexual harassment complaint

Hydrogen start-up H2Carrier expands top team with former Lauritzen and NYK man

In pictures

Meet the ‘Banksy of shipping’. The anonymous artist committing dry bulk markets to canvas

Slideshow

In pictures: Rain delays play as liner execs tee off for 18 holes with Singapore’s Bengal Tiger Line

Meyer Group appoints new CEO in landmark management shake-up

SSY broking legend Taro Harada retires after three decades in shipping

Eastern Pacific Shipping grabs first place in pro relay race

SSY hires Jarl Magnus Berge as global head of finance

Core Power ramps up team as nuclear transport expert Scott Edwards signs on

Clarksons refocuses chemical tanker desk with Anthony Rowan as head of projects

UPDATE

BW Group banks $92m by selling chunk of BW LPG at discounted price

X-Press Feeders ship disabled by engine room fire off India

Cruise and Ferry

Fearnleys boosts Havila Kystruten’s prospects despite debt costs

WFW in charity drive to honour Singapore partner and son killed in landslide

Globus Maritime regains Nasdaq compliance after 128% share price jump

Philippines investigate tanker over fishing boat collision

LNG

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Qatar presses start button on world’s ‘largest’ LNG expansion project

LNG-fuelling sees resurgence in newbuildings in last two months, DNV says

Seaspan ties up with AES on LNG bunkering for Panama Canal

QatarEnergy inks 17 slots at HHI as it fires gun on Phase 2 of huge LNG newbuilding project

Gail (India) heralds first LNG cargo STS in move to optimise its shipping

Nicolas Saverys’s second Exmar take-private bid fails as shareholders cling on to stock

New Fortress’ second jack-up rig-to-FLNG unit conversion moves off to Mexico

France’s first FSRU inbound as Le Havre set to take in LNG after 24-year gap

Dynagas LNG Partners is sold out on its ships until 2028

Genting Oil & Gas signs up with Wison for FLNG unit in Indonesia

Golar’s second FLNG unit set to leave Singapore early next month

latest

Private equity giant CVC takes over LNG carrier investor DIF

Big name shipowners dive into MAMII methane abatement group

Australian strikes could result in loss of up to eight LNG cargoes a week, SSY says

Awilco LNG fixed-rate charters pay off as two-vessel shipowner turns a profit

Hoegh LNG homing in on ammonia, hydrogen and CCS initiatives

MISC bullish on prospects for LNG carrier and tanker markets

LNG shipping markets spooked as Australian strike threats loom

Wah Kwong, CSSC (Hong Kong) and China Gas seal LNG ships deal

Seapeak sees charterer snap up first extension option on LNG carrier

LNG-fuelling sees resurgence in newbuildings in last two months, DNV says

Damen Shipyards sues Dutch government over lost Russian vessel orders

Capesize rates hit 2023 high despite Golden Week as dry commodities stay on the move

Bunker Holdings says biofuel bunkers now available in over 80 ports

Shandong Shipping auctions off MR tanker, but buyers hold fire in muted market

Car carrier shortage bodes well for PCTC sector as demand for vehicles drives upwards

ESG

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Berlin start-up teams with MPCC, Harren and Zeaborn on carbon trading platform

Green Seas: Are floating nuclear power vessels the future of zero-carbon energy?

Viewpoint

Viewpoint: Could the EU ETS bring collaboration to shipping markets?

Elbdeich Reederei orders methanol-fuelled container ships for charter to Unifeeder

More iPhones to go by sea as Apple looks to slash carbon footprint

Seatrium’s yard in Brazil refinances debt with $500m ESG-linked loan

Carbon-neutral ‘breakthrough’: Cargill, Minerva and team design bulker ready for wind and methanol

Podcast: Are electric cars getting a bad rap in ship fires?

‘Fuels competition? What fuels competition?’ Green goals too hard for one-way bets

Emissions milestone: Odfjell to trial solid oxide fuel cell on chemical tanker

CMB.Tech venture building Africa’s first green hydrogen refuelling plant

NGOs turn spotlight on owners selling ships for recycling at substandard yards in Bangladesh

‘We need to get started’: Solvang scores government funding for carbon capture pilot

Berenberg launches carbon emissions trading scheme for shipping

ABS boosts Greek credentials with rapid office expansion

Shipping needs new finance to hit emissions targets, says UN

Green Seas: Advertising complaints fuel debate over cruise’s LNG sustainability claims

UN report outlines soaring costs of decarbonising shipping

WinGD zeros in on first commercial ammonia engine delivery

‘They’re going to need wind’: Wingsail maker Ayro raises €19.2m funding and names new CEO

MaruFleet venture to drive Marubeni shipowner MMSL’s decarbonisation journey

Brave Maritime pursues fresh growth spurt for bulkers, tankers and gas carriers

Seaspan ties up with AES on LNG bunkering for Panama Canal

DHT Holdings shores up stock price through $10m in buybacks

Researcher to Eneti shareholders: Take Cadeler’s money and run like the wind

Golden Ocean Group renews $100m share buyback scheme for another year

Boxships

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More iPhones to go by sea as Apple looks to slash carbon footprint

Maersk ship cuts short Greek trip after container catches fire

Elbdeich Reederei orders methanol-fuelled container ships for charter to Unifeeder

Liner MSC takes 50% stake in Italy’s Italo in rail push

Container ships set for recycling in India as pricing levels top the $600 per ldt mark

Seaspan and Maersk Zero Carbon Center unveil huge ammonia container ship project

Seaspan tackles ‘huge concerns’ over ammonia container ship plans

South Korean feeder owner CK Line places rare container ship order

What do Bob Dylan, Ursula von der Leyen, Maersk and methanol have in common?

AP Moller Holding and Maersk team up to launch green methanol production company

MSC muscles in on Beijing’s Hamburg port bid with friendly takeover offer

Freight buyers alliance with Amazon, Ikea and more asks container lines to bid on green shipping tender

London law firm Stann makes waves after setting free the Ever Given

Hamburg Commercial Bank named as lender behind MPCC’s Lomar fleet deal

Israel’s Zim and container giant MSC cement co-operational deal on several trades

German container ship catches fire following collision with another vessel in Greece

‘Significant step’: Amazon renews deal with Maersk to move 20,000 containers on green fuel voyages

Hamburg Sud boss Poul Hestbaek follows Philip Oetker out of the door

OOIL retains firepower for further big dividend payouts, say analysts

Seaspan buys and sells two ships as profit dips following US delisting

Clarksons staff raise money in memory of brokers Dominic Low and Remco Hemminga

Russia ramps up risks with non-ice class ships on Arctic route, warns Poten

Atlas Maritime boosts tanker and car carrier orderbook to a dozen ships

More iPhones to go by sea as Apple looks to slash carbon footprint

Rescued migrants arrested after threatening Vroon seafarers in a bid to divert ship

UK regulator closes Axiom Ince ‘with immediate effect’

Insurance

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Maersk ship cuts short Greek trip after container catches fire

First Greek shipowner uses new, Ukraine-protected grain corridor

Shoreline takes on P&I executive Simon Swallow

Former Wallem managing director Peter Cowling dies

Marsh-led Ukraine insurance package on the way as shipping activity picks up

Insurer Skuld doubles its profits as underwriting and investments improve

IUMI 23

Insurers still working on state-backed deal for Ukraine grain

IUMI 2023

Stephen Catlin’s Convex view of marine insurance pays off

IUMI2023

Insurance underwriters gather as marine market hangs in the balance

LISW23

Insurers lament as ‘smart’ sanctions fracture world trade

Ukraine, Russia pour cold water on UN efforts to revive grain deal

LISW23

Tsakos Shipping’s Andreas Bisbas claims Lloyd’s of London insurance is ‘no longer sacrosanct’

Swedish Club looks to London as it eyes growth

Aon warns shipowners over ‘thermonuclear’ personal injury awards

Gard reports profits in P&I ahead of renewal rate decision

London underwriters’ backing for risky Red Sea lightering mission pays off

War risk rates creep up as Black Sea tensions flare

Broker Marsh in bid to arrange insurance for new Ukraine grain deal

Profits rise at the Swedish Club as underwrting improves

Fire on KMTC boxship brought under control off Malaysia

Elbdeich Reederei orders methanol-fuelled container ships for charter to Unifeeder

Oshima Shipbuilding bulks up with more orders from new clients

Altera converting shuttle tanker to FSO for Ivory Coast charter

JP Morgan expands bulk carrier campaign with another handy trio

Wikborg Rein takes on seven ex-Ince shipping lawyers in London

DOF flips vessels two days after buying them back from banks

Interview

Turning point coming for bulkers as 2024 looking ‘half-decent’, TMI’s Ed Buttery says

Inaction not an option: Columbia launches mentor scheme for female cadets

Ship size is going to matter due to ammonia’s limitations, designers say

‘I always want more ships,’ says TMI’s new operations chief Carl Ackerley

IUMI2023

Insurance underwriters gather as marine market hangs in the balance

IUMI 2023

Stephen Catlin’s Convex view of marine insurance pays off

Interview

Pertamina International awakens to take on the tanker world

Pacific Carriers bullish on product tankers as it turns 50

No regrets as Rajesh Unni takes ‘easy’ decision on succession planning at Synergy

ONE’s Nixon expects continued growth in container sector despite $5bn profit drop

Where contacts trump CVs, Nitzeira Watson uses ‘sacrifice and effort’ to get ahead

‘Simply good business’: Veteran Anthony Whitworth dishes on Diana deal and a lifetime in shipping

Marubeni gives MaruKlav pool a ‘fresh pair of eyes’, says Klaveness’ bulker boss Michael Jorgensen

UCL’s Tristan Smith: Carbon resolution ‘a massive change’ but leaves more tests ahead for IMO

Shell parks ammonia as a marine fuel until toxicity issues are resolved

‘Shipping needs the political will’ to secure carbon consensus, says Ardmore’s Anthony Gurnee

Lila Global’s Steve Kunzer talks strategy to reach 70-plus ships

WinGD names new chief executive as speed of fuelling transition hots up

Tristar Eships targets growth without the ‘shocking’ value destruction

MM Warburg’s $150m shipping credit fund ready for take-off

Ship management

Fleet Management’s Kishore Rajvanshy on tackling challenges and reaping rewards

Tanker scrapping tipped to spike as efficiency measures bite

Watson Farley & Williams beefs up Athens hub with six more Ince defectors

Cargill, Minerva and team design bulker ready for wind and methanol

TMC Shipping first owner to ‘tokenise’ vessels on Shipfinex platform

Russia claims IMO hijack as election battle hots up

Offshore

DOF flips vessels two days after buying them back from banks

Researcher to Eneti shareholders: Take Cadeler’s money and run like the wind

DOF buys three non-core PSVs from lenders to capitalise on better rates

Seatrium’s yard in Brazil refinances debt with $500m ESG-linked loan

No shortage of offshore bravado at Pareto Securities show

Tonnage-hungry Subsea 7 could set its sights on Solstad Offshore, analyst says

Navigation organisation IFAN raises funds by selling only ship

Data sharing initiative helps OSV owners slash 10,000 tonnes of C02 emissions

Saudi-backed driller ADES set to price $1.2bn IPO at the top of the range

Solstad Offshore trio get new deals as CSV market keeps running hot

Siem Offshore earnings improve, but rate strength behind schedule

First US-built offshore wind installation vessel Charybdis delayed amid spiralling costs

Reborn DOF starts with record profit in stronger offshore markets

SFL Corp fixes drilling rig for lucrative contract and books second-quarter profit

Growing OSV demand helps to drive up profit at Marco Polo Marine

Rising costs eat into Kim Heng’s profits during first half of financial year

Eneti sells three NG 2500 units for $70m as focus turns fully to WTIVs

Tidewater continues rates improvement in profitable quarter that misses analyst bets

Asia-Pacific wind farm pipeline threatened by dearth of vessels

Cosco and Guangzhou Salvage forge heavylift giant

Shell adds LNG bunker vessel in Americas as supply build-out continues

Royal Arctic Line hunts new CEO as Verner Hammeken steps down

Swedish shipowners hopeful as troublesome tonnage tax faces review

Scorpio Tankers buying 22 product carriers out of leases as it fixes new finance

Ince’s global head of marine projects decamps

Varvarenko’s Varamar opens in Istanbul as demand grows

Jobs

Dry Bulk Operator (M/F), Luxembourg

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