The burgeoning fleet of India’s Gatik Ship Management in the months following Russia’s invasion of Ukraine has been well documented by TradeWinds, but our latest checks by correspondent Paul Peachey reveal the Mumbai-based outfit’s fleet has dwindled to just four vessels. Commentators suggest that the vessels have been shifted off the company’s books to other little-known Indian-based ship managers in a bid to reduce unwanted attention. So is this the end of Gatik?
The first breaching of the $60 price cap on Urals crude looks set to create a headache for Western insurers and shipping interests. European Union and G7 shipping companies can only haul Russian oil if it is sold below that price to countries outside of the EU.
It is the time of year that industry governance expert Michael Webber puts out his annual environmental, social and corporate governance (ESG) scorecard — and TradeWinds got a sneak preview. It does not look good for Eagle Bulk. The company has persistently been among shipping’s ESG elite, but defensive moves in the form of the “poison pill” to ward off suitors look to have cost the dry bulk owner, from a reputational standpoint. You can read Joe Brady’s story here.
It was TradeWinds’ most-read story to date. The grounding of the Ever Given in the Suez Canal in March 2021 made headlines worldwide, and this week we had the results of Panama’s accident report into the incident. The probe determined that the orders of two canal pilots were a contributing factor in the accident, which lead to major traffic delays.
Meanwhile, TradeWinds’ weekly environment newsletter explores the next steps in the IMO’s mission to clean up shipping’s act.
A VLCC made famous for all the wrong reasons back in 2019 has reared its head again after being seized by Indonesian authorities for an alleged illegal ship-to-ship transfer involving Iranian crude. The Arman 114 was nabbed while transferring oil to a ship that was supposed to have been scrapped five years ago. The ship — then known as Grace 1 — was previously held in Gibraltar in 2019 on suspicion it was delivering oil to Syria.
And finally, Lise Henriksen has created history this month by being appointed as captain of an Odfjell chemical tanker. She becomes the 109-year-old company’s first-ever female master by joining the 42,500-dwt Bow Sky (built 2005).
Read more
- Peter Livanos-backed GasLog Ltd gobbles up affiliate after completing merger
- CSSC faces China state regulatory probe over disclosure violations
- Wan Hai newbuilding destroys Vietnamese wharf and bashes Greek bulker
- Dynacom stacks orderbook with two more VLCC newbuildings
- Saverys sticks to Exmar take-private offer after missing acceptance threshold
