TradeWinds | Latest shipping and maritime news

Yemen’s Houthis widen their ship target list to non-Israeli vessels The price just went up: Major flag state raises stakes in shipping levy battle Podcast: Action, attention and ‘rethinking the system’ for shipping at COP28 European Union updates its list of approved recycling facilities Dynagas LNG Partners believes 17% of LNG fleet set for phase-out Editor’s selection: Shipping’s big guns make call on fossil fuels; race on for ammonia orders, and what do Atlantic charterers want for Christmas? Jonathan Quinn steps up to new MD leadership role at Avenir LNG IMO gives emotional farewell to ‘unique’ Lim as his eight-year leadership draws to close Klaveness boss Ernst Meyer says shipping has to be taxed to net zero Congestion will be a constant in bulker markets, Trafigura’s Cumming says

Yemen’s Houthis widen their ship target list to non-Israeli vessels

‘Very real dangers’: Trafigura’s Olivi warns of increasing risks to strong tanker markets

Podcast: Action, attention and ‘rethinking the system’ for shipping at COP28

COP28

The price just went up: Major flag state raises stakes in shipping levy battle

Lightship Chartering hires 10 new brokers in Singapore and targets global expansion

Large ammonia ship orders set for lift-off as buyers circle berths

Panama Canal disruption could linger into 2025, warns Clarksons

TW+

Green Power: Southcott pursues a Sea Change with zero-carbon shipping

IMO gives emotional farewell to ‘unique’ Lim as his eight-year leadership draws to close

Profile

Maritime software ‘cornerstone’ Veson looks to environmental tools as key growth pillar

Avance Gas sells last two VLGC newbuildings for huge profit

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Green Power: The people driving shipping’s sustainability transition

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Green Power: John Cooper moves from Formula One to daddy cool

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Green Power: Faig Abbasov sees LNG as no better than the fuel it replaces

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Green Power: Michael Webber says ‘ESG has taken on a life of its own, in productive and counter-productive ways’

‘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

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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

COP28

NYK plots 2028 launch for green shipping corridor from Chile

Tanker brokers calm as Venezuela ramps up pressure over disputed Guyana region

Navios in the crosshairs of analyst Mintzmyer over proposed take-private deal

Wavelength

Who can stop the oil machine? COP28 and shipping seek answers

Dynagas LNG Partners believes 17% of LNG fleet set for phase-out

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Green Power: Irigoyen brings cargo and operators together for zero-emission shipping

European Union updates its list of approved recycling facilities

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Green Power: Ron Gerlach leads the chemists and physicists changing shipping

Insight & Opinion

Comment: Should shipping be front of the queue for green fuels?

Editor’s selection: Frontline’s lenders cough up for VLCCs, Braemar’s testing time over… and loud snoring

Comment

US targets individual vessels as new sanctions battle front opens

Wavelength

Wavelength: Why shipowners should be alert — and not just in the Red Sea

Comment

Economic uncertainty looms over shipping but dark clouds worry some more than others

A clear wealth divide is growing between P&I clubs

Wavelength

Wavelength: Container ship players face a ‘car crash’ — and don’t have any brakes

Container shipping ‘car crash’ predicted in 2024 followed by years of overcapacity

Wavelength

Wavelength: Will the International Energy Agency’s oil warning hit tankers?

Green steel: ‘Classic’ capesize cargoes evolve as steel industry seeks to slash emissions

Wavelength

Wavelength: How ‘dark’ fleets and Gaza are turning the IMO into a war zone

China’s lagging economy may spare capesize bulkers if ‘two grey rhinos’ can be avoided

Streetwise

Streetwise: Tsakos Energy Navigation celebrates 30 years of publicly dodging black swans

US forecasts record corn crop, boosting prospects for dry bulk shipping

insight

Will a shakeup of EU’s antitrust laws rock the liner shipping boat?

Volatility blurs LNG carrier outlook as traditionally busy winter season kicks off

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

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Green Power: Christian Bonfils says ‘contracts fundamentally need to change’

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Green Power: Christiaan Nijst and Maarten Lodewijks are carbon capture’s dynamic duo

Exclusive

Klaveness boss Ernst Meyer says shipping has to be taxed to net zero

Congestion will be a constant in bulker markets, Trafigura’s Cumming says

Jonathan Quinn steps up to new MD leadership role at Avenir LNG

Editor’s selection: Shipping’s big guns make call on fossil fuels, race on for ammonia orders, and what do Atlantic charterers want for Christmas?

Business Focus

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Special report: Making the leap to greener fuels

EU backs global shipping levy as it seeks to deflect carbon trading criticism

Carbon emissions trading has arrived but at what cost?

BRS floats alternative EU carbon clause amid uncertainty

Want to start trading EU carbon credits now? Watch out for the bureaucratic logjam

Greek shipping navigates treacherous, uncharted waters

Kollakis clan drawn to newbuildings but keeping fuel options open

Petros Pappas tells why Star Bulk Carriers is keeping its powder dry on fuelling

Panos Laskaridis talks about succession planning, Greek-style

South Korean shipyards seek silver bullet to labour crunch

‘Made in China’ breathes new life into mothballed shipyards to drive capacity

Shipyards set fair as decarbonisation demands drive fleet renewals

Alternative fuelling choices not going to get any easier in 2024

China’s ascent in shipowning drives fresh demand for old hands in ship management

Cyprus’ Themis Papadopoulos unveils plans to burnish ship management credentials

Geography trumps geopolitics for Cyprus amid the fog of war

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

MaruFleet venture to drive Marubeni shipowner MMSL’s decarbonisation journey

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

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

Greece’s New Shipping swoops on Eastern Pacific suezmax

Bimco publishes blueprint for sharing emissions trading burden

Red Sea disruption and winter snows can support MR tanker rates into 2024, Concordia says

Viewpoint

Viewpoint: Financing opportunities go beyond COP, it’s time to look at international shipping

Christen Sveaas snaps up more Solstad shares as he tries to oust board

ONE boxship to undergo safety inspection after Suez grounding

People

Graham Hoar brought in to lead new future fuels team at US broker Poten & Partners

COP28

Global crew training for low-carbon shipping to be revealed at COP28

Mats Berglund makes surprise return to Pacific Basin

Shipowner Galtung Dosvig backs cash-strapped singer Melanneyn with grant

Avenir LNG loses CEO Peter Mackey as search starts for replacement

Squire Patton Boogs raids Ince to boost Hong Kong team

Hill Dickinson boss Peter Jackson to step down after 40 years with UK law firm

CJC brings in trio of Ince lawyers led by Chris Kidd to reinforce growth strategy

Seasure broker Charlie Long completes initial line-up at new London shop M3 Marine

Clarksons-backed Sea promotes former ZeroNorth executive to product chief

Denmark’s DFDS hunts for new finance chief as Karina Deacon quits

Say goodbye to Phoenix Tankers and hello to MOL Energia

OOIL appoints Chen Yangfan as CEO in management shake-up

Navigator brings in Janette Marx as longest-serving director David Kenwright resigns

Digital freight forwarder Flexport slashes workforce by 20%

Stephenson Harwood scoops eight shipping lawyers from Ince in Hong Kong and China

Ince partner Richard Oakley joins law firm CMS in Hong Kong

Wilhelmsen’s new energy chief Wang leaves Astrocast board due to ‘policy changes’

Norwegian economist seeks to inspire women with Onassis shipping award

In pictures: Carisbrooke Shipping wins charity golf match after a shotgun start

Cadeler reports ‘strong’ response to $1.2bn Eneti merger as it lowers acceptance threshold

‘Committed’ Pistiolis builds 73% stake in Greece’s Top Ships

Dry-dockings, engine overhauls and finance costs drag down Dynagas LNG Partners

Hoegh LNG ties up with VTTI on Dutch FSRU plan

Sovcomflot-linked unit among UAE ship operators hit by UK sanctions

Swedish Club seeks 7.5% rate hike for upcoming P&I renewal

LNG

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Australia Pacific LNG prepares to resume exports after gas ship moved

Awilco LNG wastes no time buying back $314m duo from Chinese lease

RINA develops LNG-fuelled newcastlemax with hydrogen production plant on board

Golar LNG fielding offers for Hilli Episeyo even with more than two years left on contract

Golar’s FLNG Gimi finally sets sail for Africa

Capital Product Partners buys 11 Marinakis LNG carriers for $3.1bn in pure-play gas move

Evolving for expansion: Charting LNG cargo containment’s rough passages

Russian LNG still flooding into Europe despite calls for a halt

Flex LNG talks up 2027 opportunities for its next open LNG carriers

New Fortress Energy introduces first gas into its FLNG unit off Mexico

Cheniere inks sales deal that could see it deliver LNG well beyond 2050

MISC Berhad to convert older steam-powered LNG carrier into FSU for Petronas gas contract

Anemoi ties up with Hudong-Zhonghua on sail design for LNG carriers

Shipowners turn to spot LNG bunker deals in volatile market, Integr8 Fuels says

Future of five-year-old LNG ship duo hangs in balance as legal rows roll on

Japan’s MOL taps Indonesian partner for new LNG crew

‘Let’s shout about what we’re doing’, says gas body SGMF as it turns 10

Excelerate Energy unveils emissions cuts in first ESG report

Peninsula positions its new LNG bunker vessel baby off Gibraltar

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

Elderly suezmax tanker carrying Venezuelan fuel oil grounds off Indonesia

COP28

MOL’s windy vision: A fleet of power-generating autonomous ships

Oldendorff and Teck to fit rotor sails to bulker in expansion of green initiative

In pictures

FIS celebrates its coming of age with milestone Shanghai shindig

COP28

Shipping uniting to push decarbonisation despite split strategies, says MOL

US responds to Houthi attacks with sanctions on Iranian backers and ‘illicit shipping agent’

Sustainability

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Podcast: Action, attention and ‘rethinking the system’ for shipping at COP28

Exclusive

Klaveness boss Ernst Meyer says shipping has to be taxed to net zero

Viewpoint

Viewpoint: Financing opportunities go beyond COP, it’s time to look at international shipping

Bimco publishes blueprint for sharing emissions trading burden

Profile

Maritime software ‘cornerstone’ Veson looks to environmental tools as key growth pillar

Oldendorff and Teck to fit rotor sails to bulker in expansion of green initiative

NYK plots 2028 launch for green shipping corridor from Chile

PIL teams with DP World in latest liner sector decarbonisation effort

Maersk poised to launch first big methanol boxship, with green fuel secured

Counting the cost: Research reveals zero-emissions price tag on container shipping’s green corridors

Green Seas: A mountain to climb at COP28 after new targets shift IMO from laggard to leader

COP28: Hoegh Autoliners strikes new deal to fill ammonia supply gap

Every dollar spent on fuel savings onboard will save $10 in future supply, says report

Broker Alibra outlines limits and pitfalls of FuelEU ship pooling plan

Pacific Basin secures first sustainability-linked loan facility

Green Seas podcast: Will mining the seabed help or hurt the environment?

Sea Cargo Charter ups benchmarks to line up with IMO and invite shipowners

Viewpoint

Looking beyond the engine: COP28 needs to focus on the availability and scalability of fuels

Broker SSY launches carbon calculator to smooth path into EU ETS

WinGD underwrites ammonia engines with Chinese yard

PIL teams with DP World in latest liner sector decarbonisation effort

Thomas Lister to take helm at Global Ship Lease as Ian Webber retires

South Korea’s Kmarin floats 15-year-old LNG carrier for sale

Supramax frenzy engulfs Atlantic but is ‘quiet storm’ already over?

TW+

Green Power: Guillaume Le Grand gets wind in his sails with first newbuilding

Hoegh Autoliners continues to capture climbing freight rates

Boxships

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breaking

Maersk settles $44m Ever Given lawsuit against Evergreen, BSM and Shoei Kisen

MSC hit with multimillion-dollar claim from bankrupt US retailer

MPC Container Ships raises outlook despite weak market, hives off more vessels

Interview

Shadow of Gaza war looms as Zim faces ‘difficult times’

Danaos adjusted earnings slip just below analyst expectations amid container market challenges

CMA CGM sees profits plunge again with new capacity to ‘pull down freight rates further in 2024’

SFL locks in neo-panamax charters and upgrades with Maersk and Hapag-Lloyd

Next three years are ‘critical’ in the race to decarbonise, says MOL’s Hashimoto

MSC is largest owner of vintage container ship tonnage

Norway’s North Sea Container orders ‘world’s first’ ammonia-fuelled container ship

K Line profits slide as dry bulk and box ships struggle

Lomar refinances six ships and lifts transactions with Macquarie to $150m

‘Substantial overcapacity’ darkens Moody’s view of container shipping

Nailed it: Matson reports profit at upper-end of analyst-beating guidance

Silk Alliance sets out plans to put green container corridor into action

Hapag-Lloyd and Norsul form Brazilian cabotage operator

new

Transworld falls just short in bid to delist Shreyas Shipping

European Commission rips up the rulebook by ending block exemption

Maersk and Musk team up to provide Starlink internet to 330 container ships

Clarksons looks through the eyes of cargo owners as it reveals freight cost pain

Streetwise

Some things are plentiful in The Big Easy, but offshore financing isn’t one of them

Counting the cost of zero emissions: Price tag on container shipping’s green corridors revealed

Crude tanker owners look to cash in on December rate rally

Index-linked deals beat spot trading as VLCC demand tipped to soar, Hunter Group says

Turkey’s Akmar strengthens ties with Dacks as it inks three more bulkers

UK’s Hayfin Capital primed for acquisitions after raising $1bn war chest

Insurance

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Norwegian Hull Club calls time on the marine insurance ‘super cycle’

Marine underwriters poised to respond to Houthis’ Red Sea hijack

P&I clubs target seek 7.5% general increases, claiming rates are ‘inadequate’

Insuring offshore wind? Whatever happens, it’s going to cost you

Insight

Ukraine grain corridor beats the odds to prove an unexpected success

UK P&I Club and Britannia to raise premiums at February renewals

X-Press Feeders pays £20m into court as claims battle looms over X-Press Pearl fire

Norwegian Hull Club branches out with offshore wind venture NIORD

Israel to compensate owners for ships damaged in Hamas war

Steamship Mutual to hike rates as insurer rewards members with $25m windfall

Broker Gallagher predicts a ‘manageable’ P&I renewal for shipowners

Marine insurers back UK shipping analytics start-up CetoAI

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

Christen Sveaas launches rebellion over Solstad Offshore refinancing

Sanctions regulators shift the emphasis to enforcement

Cosco and BP to expand shipping partnership into methanol fuel and offshore wind

Stena remains a ‘great credit story’ despite profit drop, Clarksons says

Jiangnan Shipyard unveils design for huge nuclear-powered container ship

Cyprus’ Lemissoler plots fleet expansion with methanol-fuelled bulker orders

Jobs

Feight Operator

Senior Operations Manager Dry Bulk Shipping

Grain Compass Kft

Euronav orders suezmax double as it confirms another VLCC newbuilding

Okeanis shares suspended in Oslo with imminent New York listing

TW+

Green Power: Teqplay’s Leon Gommans on reining in wasted time, and money, in port

Maersk poised to launch first big methanol boxship, with green fuel secured

Iran’s navy seizes two small tankers for alleged fuel smuggling

NYK seals long-term LNG charter deal with Sinopec

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