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Former Astrup Fearnley Group company heads Tor Widing and Kristian Sorensen remember the late Astrup Fearnley owner as a amp 39 special person amp 39 ....

Trade Wind News Published 4y-1w-17h-7m ago

Tradewindsnews

Tsuneishi Shipbuilding to buy 49% stake in Mitsui E&S Shipbuilding

Acquisition will lead to extensive collaboration between the two shipbuilders....

Trade Wind News Published 4y-1w-17h-46m ago

Tradewindsnews

First FSRU for KARMOL headed to Senegal under tow

Converted LNG carrier due on site next month as two more FSRUs arrive at their new bases....

Trade Wind News Published 4y-1w-18h-2m ago

Tradewindsnews

Bulker boom pushes NS United to raise profit outlook by $18m

Recovery in demand surpasses expectations as grain business increases....

Trade Wind News Published 4y-1w-18h-19m ago

Tradewindsnews

Former TOTE officer sues over allegations of homophobia on ship

A subordinate immediately began disobeying officers after an unnamed third mate told him she was a lesbian....

Trade Wind News Published 4y-1w-18h-25m ago

Tradewindsnews

BW Offshore scraps laid-up 45-year-old FPSO in $16m deal

Singapore owner had been forced to make provisions for unit earlier this year....

Trade Wind News Published 4y-1w-18h-46m ago

Tradewindsnews

Lack of FLNG income hits Exmar’s first-quarter results

Belgian gas player is still looking for employment opportunities for Tango FLNG....

Trade Wind News Published 4y-1w-18h-51m ago

Tradewindsnews

Scorpio Tankers taps into bond ATM for $13.6m spending money

Programme with B Riley Securities allows owner extra liquidity in a tough tanker market without issuing shares....

Trade Wind News Published 4y-1w-19h-45m ago

Tradewindsnews

UOS sweeps back into Brazil with two-year AHTS charter

German owner returns to lucrative market after four year absence in deal with CBO....

Trade Wind News Published 4y-1w-19h-54m ago

Tradewindsnews

'Totally overwhelmed': clients offer to co-invest in Wartsila's carbon capture plans

Massive response to Finnish technology giant amp 39 s proposal to work on capturing pollution from ship exhausts....

Trade Wind News Published 4y-1w-20h-11m ago

Tradewindsnews

Thriving Zim could make $1bn more than expected in 2021

Fearnley Securities raises forecast for container line in spiralling markets....

Trade Wind News Published 4y-1w-20h-28m ago

Tradewindsnews

Color Group raising $54m in loans and bonds after pandemic loss

Ropax owner to boost liquidity following $139m of red ink in 2020....

Trade Wind News Published 4y-1w-20h-43m ago

Tradewindsnews

Crewman makes desperate leap to safety as barge breaks in two

Dramatic footage released by a Serbian union shows the moment a worker saved himself after loading accident....

Trade Wind News Published 4y-1w-21h-6m ago

Tradewindsnews

Equinor surprises with tender for LNG-fuelled aframax and LR2 newbuildings

Energy company sets Norway’s brokers running in slot search for crude and product carriers....

Trade Wind News Published 4y-1w-22h ago

Tradewindsnews

Standard Chartered says fuel and efficiency measures need $1.5trn investment

Lender says sustainability linked loans will be at the forefront of shipping amp 39 s green drive....

Trade Wind News Published 4y-1w-22h-17m ago

Tradewindsnews

Share price drop scuppers Avance Gas repair issue

John Fredriksen company scraps follow on offering, saying shareholders could have just bought cheap stock in the market....

Trade Wind News Published 4y-1w-23h-1m ago

Tradewindsnews

Shipowners call for better green financing incentives to drive decarbonisation

Industry players claim increasing cost competitiveness is the only way to get ball rolling on sustainable shipping....

Trade Wind News Published 4y-1w-23h-26m ago

Tradewindsnews

Claus-Peter Offen's succession plan charts course for next decade

amp 39 It’s a better moment to go than wait until the next crisis, amp 39 says German boxship veteran....

Trade Wind News Published 4y-1w-23h-34m ago

Tradewindsnews

Offshore and marine arm continues to drag down Keppel Corp

Singapore group looks to expand green tech exposure in tie up with wind propulsion system designer Norsepower....

Trade Wind News Published 4y-1w-1d-4h-11m ago

Tradewindsnews

Navibulgar builds Yangzijiang orderbook to $192m with lakes-fitted bulker duo

The company has eight newbuildings booked at Chinese shipyard....

Trade Wind News Published 4y-1w-1d-5h-1m ago

Tradewindsnews

Seafarer trapped three years aboard abandoned ship heading home

Mohammad Aisha was suffering from malnourishment and anaemia and was forced to swim to shore for necessities while confined to the ship....

Trade Wind News Published 4y-1w-1d-8h-51m ago

Tradewindsnews

'One-man humanitarian crisis' ends as seafarer finally flies home after four years

Mohammad Aisha was suffering from malnourishment and anaemia, and was forced to swim to shore for necessities while confined to the ship....

Trade Wind News Published 4y-1w-1d-8h-51m ago

Tradewindsnews

Viken delivers stronger profits as charter coverage pays off

Norwegian shipowner boosts bottom line despite slip in revenue....

Trade Wind News Published 4y-1w-1d-13h-52m ago

Tradewindsnews

Singapore prohibits crew changes for seafarers with recent travel to India

Ban will take effect on Saturday after surge in Covid 19 cases in India and emergence of new variants....

Trade Wind News Published 4y-1w-1d-14h-6m ago

Tradewindsnews

Stifel slashes tanker rates assumptions for rest of 2021

Analyst Ben Nolan still likes dry bulk recovery tale, but suggests boxships may have peaked....

Trade Wind News Published 4y-1w-1d-14h-20m ago

Tradewindsnews

TFG Marine begins to supply biofuels in Europe amid drive to cut shipping's carbon

Majority shareholder Trafigura is Geneva based supplier’s first client....

Trade Wind News Published 4y-1w-1d-14h-38m ago

Tradewindsnews

Croatia files bankruptcy petition against Brodotrogir yard

Financial agency says Danko Koncar controlled shipbuilder has not made any payments for 137 days....

Trade Wind News Published 4y-1w-1d-14h-50m ago

Tradewindsnews

Dry bulk market continues to rally on China's insatiable appetite for iron ore

Capesize spot rates push past $33,000 per day....

Trade Wind News Published 4y-1w-1d-14h-54m ago

Tradewindsnews

Shell’s Grahaeme Henderson talks up hydrogen over ammonia for shipping

Shipping head says ‘LNG is the choice today’ as industry cannot afford to wait for alternatives....

Trade Wind News Published 4y-1w-1d-16h-1m ago

Tradewindsnews

Ocean Yield clears 2021 bond maturity with $30m payment

Kjell Inge Rokke controlled owner continues to reduce finance costs as it eyes new purchases....

Trade Wind News Published 4y-1w-1d-16h-11m ago

Tradewindsnews

'Hopes are high' as return of US drivers poised to support Atlantic product tanker demand

But freight earnings are plagued by persistent oversupply of MR tonnage, says Alphatanker....

Trade Wind News Published 4y-1w-1d-17h-19m ago

Tradewindsnews

Italy’s d’Amico Group rings in the changes at its dry bulk division

Father Cesare and son Emanuele to form new double act at d’Amico dry desk....

Trade Wind News Published 4y-1w-1d-17h-47m ago

Tradewindsnews

No injuries reported as explosion rocks Bohai Ferry ropax in China

New vessel turned back to Weihai port after smoke emerged from a truck....

Trade Wind News Published 4y-1w-1d-18h-10m ago

Tradewindsnews

Wartsila's Roger Holm sees positive signs of cruising return from July

Marine solutions expert expects gradual ramp up of service activity in second half of 2021....

Trade Wind News Published 4y-1w-1d-18h-51m ago

Tradewindsnews

EnTrust Global's Engh and Proctor stand by for Spac role

Blue Ocean Funds parent and some familiar shipping names are linked with $250m blank cheque offering EG Acquisition....

Trade Wind News Published 4y-1w-1d-19h-2m ago

Tradewindsnews

Shipowners' Club boosts free reserves in ‘very challenging year’

Strong investment returns and improved underwriting performance helped the specialist insurer register profits....

Trade Wind News Published 4y-1w-1d-19h-22m ago

Tradewindsnews

Lone seafarer isolated from Covid-infected colleagues as Inge Kosan leaves port

BW Epic Kosan still awaiting autopsy result after missing seafarer found on Vanuatu beach....

Trade Wind News Published 4y-1w-1d-19h-26m ago

Tradewindsnews

Maersk and Allseas back DeepGreen Metals ahead of seabed mining Spac

Canadian venture is headed from the sea floor to the Nasdaq with plans to build production tonnage and charter a shuttle bulker fleet....

Trade Wind News Published 4y-1w-1d-20h-29m ago

Tradewindsnews

Tufton Oceanic plays long game as containership cover holds back NAV for now

Paulo Almeida explains how stability for investors is more important that boom and bust....

Trade Wind News Published 4y-1w-1d-21h-50m ago

Tradewindsnews

Avance Gas confirms expansion of ammonia-ready VLGC orderbook

John Fredriksen controlled company declares options for two dual fuel gas carriers at DSME....

Trade Wind News Published 4y-1w-1d-22h-27m ago

Tradewindsnews

De Stoop says Euronav remains ‘agnostic’ on fuelling choices

But CEO expects rapidly developing technology and infrastructure will help define this....

Trade Wind News Published 4y-1w-1d-23h-12m ago

Tradewindsnews

Euronav set to build LNG and ammonia-ready VLCCs

Company lines up its decarbonisation options as it closes in on fresh suezmax orders....

Trade Wind News Published 4y-1w-1d-23h-13m ago

Tradewindsnews

Blystad is latest owner to reap the rewards of rising boxship values

Norwegian’s newest acquisition increases in value by 40% in a month, while others have done even better....

Trade Wind News Published 4y-1w-1d-23h-26m ago

Tradewindsnews

MMA Offshore targets Taiwan offshore wind market with new joint venture

Australian firms look to grab a share of growing market that has openly welcomed international players....

Trade Wind News Published 4y-1w-2d-4h-4m ago

Tradewindsnews

InterManager tackles 'ambulance chasers' driving shipowners away from Filipino crews

Fight continues against lawyers seeking to take their cut of payouts from accidents on board vessels....

Trade Wind News Published 4y-1w-2d-5h-13m ago

Tradewindsnews

Brave Maritime and Geogas fuel growing LPG carrier orderbook at Hyundai Mipo

South Korean shipbuilder scores $200m worth of orders as it benefits from Nikolaos Vafias amp 39 spending campaign....

Trade Wind News Published 4y-1w-2d-5h-14m ago

Tradewindsnews

US mulls lifting Iran oil and tanker sanctions as talks continue

Iran said the proposal seems serious but wants to see details....

Trade Wind News Published 4y-1w-2d-10h-7m ago

Tradewindsnews

Baltic Dry Index hits 10-year high off lofty capesize spot rates

Average capesize bulker spot rates drive past $33,000 per day on Wednesday....

Trade Wind News Published 4y-1w-2d-10h-49m ago

Tradewindsnews

Lofty capesize spot rates lift Baltic Dry Index to 10-year high

Average capesize bulker spot rates drive past $33,000 per day on Wednesday....

Trade Wind News Published 4y-1w-2d-10h-49m ago

Tradewindsnews

Genco Shipping snaps up ultramax days after dividend shift

A 2016 built unit from an Italian owner confirms run up in bulker prices over last four months....

Trade Wind News Published 4y-1w-2d-11h-48m ago

Tradewindsnews

Dropping river levels hurt Navios Logistics profitability ahead of planned bourse listings

Frangou group’s South American enterprise grows fleet while in amp 39 quiet period amp 39 before becoming a public company in the US and Brazil....

Trade Wind News Published 4y-1w-2d-12h-38m ago

Tradewindsnews

Dropping river levels hurt Navios Logistics profitability ahead of planned stock listings

Frangou group’s South American enterprise grows fleet while in amp 39 quiet period amp 39 before becoming a public company in the US and Brazil....

Trade Wind News Published 4y-1w-2d-12h-38m ago

Tradewindsnews

Dynagas LNG Partners ties up fresh Equinor charter for vessel

Norwegian energy company opts to sign a deal on ice class LNG carrier before contract ends....

Trade Wind News Published 4y-1w-2d-13h-41m ago

Tradewindsnews

US envoy Kerry raises the stakes in IMO decarbonisation race

Upcoming existing ship efficiency standards may have to be ramped up as US applies pressure for zero emissions by 2050....

Trade Wind News Published 4y-1w-2d-14h-32m ago

Tradewindsnews

Don’t expect a quick rate recovery in tanker markets this year, analysts say

Shipowners still suffer from slow recovery in seaborne crude trade despite occasional rate spikes....

Trade Wind News Published 4y-1w-2d-14h-44m ago

Tradewindsnews

DSD Shipping unloads third aframax tanker of 2021

Norwegian shipowner unloads 2008 built crude tanker....

Trade Wind News Published 4y-1w-2d-14h-58m ago

Tradewindsnews

DSD Shipping unloads second aframax tanker of 2021

Norwegian shipowner unloads 2008 built crude tanker....

Trade Wind News Published 4y-1w-2d-14h-58m ago

Tradewindsnews

Harren Bulkers acquires largest bulker to date in dry expansion drive

Bremen based bulker group plots further acquisitions as part of strategic growth....

Trade Wind News Published 4y-1w-2d-15h-8m ago

Tradewindsnews

ABS advises shipowners to prepare for a ‘staged transition’ to decarbonisation

Classification society says in a report that gradual change will buy time until technological solutions are established....

Trade Wind News Published 4y-1w-2d-16h-38m ago

Tradewindsnews

Navios Holdings notches up 2020 loss as it manoeuvres to cope with debt

Angeiliki Frangou led bulker vehicle posts unchanged $193m loss for 2020, as high debt maturities loom for 2022....

Trade Wind News Published 4y-1w-2d-16h-59m ago

Tradewindsnews

Equinor locks in Maran Tankers-owned VLCC for a year amid period charter flurry

ExxonMobil said to have relet four year old vessel to Norwegian energy company....

Trade Wind News Published 4y-1w-2d-17h-49m ago

Tradewindsnews

Ever Given could suffer Panama flag arrest as ship held in Egypt

The move would prevent owners from making changes to the boxship amp 39 s registration....

Trade Wind News Published 4y-1w-2d-18h-3m ago

Tradewindsnews

Boxship owners see credit ratings jump, but have rates peaked?

Fitch Ratings warns record earnings levels will cool when disruptions end and new ships are delivered....

Trade Wind News Published 4y-1w-2d-18h-4m ago

Tradewindsnews

Grieg recruiting chemical tanker and S&P brokers

Grieg Shipbrokers is hiring again after the sale of its Asian dry bulk operations and denies rumours its London office is for sale....

Trade Wind News Published 4y-1w-2d-19h-1m ago

Tradewindsnews

Enesel signs its first tanker newbuilding deal in China

Filippos and Andonis Lemos place second LR2 contract this year....

Trade Wind News Published 4y-1w-2d-19h-26m ago

Tradewindsnews

UK's new $279m research ship back at yard after failing sea trials

Sir David Attenborough returns to Cammell Laird after March lifeboat accident....

Trade Wind News Published 4y-1w-2d-19h-33m ago

Tradewindsnews

UK's new $279m research ship back at yard after lifeboat problem

Sir David Attenborough returns to Cammell Laird after March accident....

Trade Wind News Published 4y-1w-2d-19h-33m ago

Tradewindsnews

Desperate Nigerian pirates plotting new attack wave, owners warned

Threat level raised and suspicious approach reported off Lagos after a month with no raids....

Trade Wind News Published 4y-1w-2d-20h-22m ago

Tradewindsnews

Scrapping halted in Alang as oxygen diverted for Covid-19 treatment

Torches turned off on most breaking beaches as India fights new wave of pandemic....

Trade Wind News Published 4y-1w-2d-20h-59m ago

Tradewindsnews

Medium-size shipowners urged to play bigger role in decarbonisation

Finance availability is the key challenge for shipowners in upgrading their existing fleets to alternative fuels....

Trade Wind News Published 4y-1w-2d-21h-33m ago

Tradewindsnews

Three killed and nine missing after ship grounds in Philippines typhoon

Eight crew members reported rescued from the LCT Cebu Great Ocean on Wednesday morning....

Trade Wind News Published 4y-1w-2d-21h-47m ago

Tradewindsnews

Eastern Pacific, BHP and BW Group back $90m Singapore decarbonisation fund

MPA has also teamed up with sovereign wealth fund Temasek to collaborate on low carbon energy....

Trade Wind News Published 4y-1w-2d-22h-28m ago

Tradewindsnews

World leaders are pointing the way for shipping’s transition

As politicians, regulators and financiers bring focus to the maritime decarbonisation agenda, there is no turning back, even if the industry wanted to....

Trade Wind News Published 4y-1w-2d-22h-39m ago

Tradewindsnews

Body of seafarer washes up on Vanuatu and tests positive for Covid-19

Authorities investigating circumstances of tragic incident that has sparked lockdown on Pacific island....

Trade Wind News Published 4y-1w-2d-22h-48m ago

Tradewindsnews

Shipping wakes up to the need to tax carbon out of business

Shipowners and operators face up to the reality that financial penalties are a key tool in accelerating cuts to carbon pollution....

Trade Wind News Published 4y-1w-2d-23h-3m ago

Tradewindsnews

Shipowners call for market-based measures to accelerate decarbonisation

But governments say a tax equivalent to up to $1,200 per tonne of bunkers may be required to encourage a switch to zero carbon fuels....

Trade Wind News Published 4y-1w-2d-23h-3m ago

Tradewindsnews

Yasa boosts kamsarmax fleet with further resale deal in China

Istanbul based owner sets itself apart as the only Turkish buyer of large bulkers....

Trade Wind News Published 4y-1w-2d-23h-28m ago

Tradewindsnews

Shell to trial hydrogen fuel cell for ships in Singapore

City state continues to push the boundaries in search for new fuels to power commercial shipping....

Trade Wind News Published 4y-1w-3d-1h-2m ago

Tradewindsnews

Japan and French banks dominate LNG financing, Poten says

LNG project finance funds doubled year on year to almost $24bn in 2020 from a total of 74 lenders in 20 countries....

Trade Wind News Published 4y-1w-3d-4h-29m ago

Tradewindsnews

US throws support behind IMO emissions cuts and promises investment

Washington is aiming for zero emissions from global shipping by 2050....

Trade Wind News Published 4y-1w-3d-9h-19m ago

Tradewindsnews

UK government drags shipping into its national climate policy

Prime Minister Boris Johnson includes international shipping in national carbon accounting as he targets net zero emissions....

Trade Wind News Published 4y-1w-3d-10h-53m ago

Tradewindsnews

Baltic Dry Index hits 19-month peak amid 'high confidence' in dry bulk market

Sub capesize spot rates boost the market while capesize rates stay flat on Tuesday....

Trade Wind News Published 4y-1w-3d-13h-51m ago

Tradewindsnews

Genco Shipping still hungry for bulker buys despite dividend push

John Wobensmith says owner may look to lock away some of its capesizes on charters as rates keep escalating....

Trade Wind News Published 4y-1w-3d-14h-8m ago

Tradewindsnews

Shipping seeing cyclical upturn rather than supercycle, says IHS

But a correction in commodity prices is expected as supply side issues caused by Covid 19 get resolved....

Trade Wind News Published 4y-1w-3d-14h-50m ago

Tradewindsnews

Greek-UK owner picks up bargain $78,000 general cargoship for further trading

Greta Marine buys veteran vessel in UK admiralty auction following action by Mersey Docks and Harbour Co....

Trade Wind News Published 4y-1w-3d-16h-3m ago

Tradewindsnews

Carsten Mortensen's Dee4 Capital continues MR expansion moves with Top Ships vessel

Clients of Danish financial player buy Vietnam built product carrier less than a month after placing newbuilding orders for such ships....

Trade Wind News Published 4y-1w-3d-17h-42m ago

Tradewindsnews

MSC continues buying spree by forking out $195m for neo-panamax duo

Swiss liner operator takes acquisition tally to 40 secondhand ships in six months with purchase of Capital Product Partners’ wide beam boxships....

Trade Wind News Published 4y-1w-3d-18h-5m ago

Tradewindsnews

SEA-LNG says World Bank view on LNG is ‘a mistake’

Report sparks strong debate among companies amp 39 work on their decarbonisation strategies....

Trade Wind News Published 4y-1w-3d-18h-8m ago

Tradewindsnews

DOF's Mons Aase sees tough market persisting as PSVs remain oversupplied

Norwegian chief executive expects challenging 2021, but regional bright spots do exist....

Trade Wind News Published 4y-1w-3d-18h-49m ago

Tradewindsnews

Italian tanker owner Raffaele Brullo cleared in accident probe

Court rules owner of Augusta Due did not take part in procedural fraud following fatal tanker clash last year....

Trade Wind News Published 4y-1w-3d-18h-59m ago

Tradewindsnews

Seacor Power rescue called off as death toll confirmed at 13

Relatives say fifth body has been recovered after liftboat capsizes, with eight other missing seafarers presumed dead....

Trade Wind News Published 4y-1w-3d-19h-40m ago

Tradewindsnews

Ever Given crew well amid concerns over lengthy compensation row

ITF affiliate visits crew of detained ship and found no problems on board....

Trade Wind News Published 4y-1w-3d-20h-24m ago

Tradewindsnews

Asian momentum growing as Standard Chartered signs up to Poseidon Principles

Addition of Singapore lender to green framework is another significant step as Chinese banks stay out for now....

Trade Wind News Published 4y-1w-3d-20h-35m ago

Tradewindsnews

Contract worth $18m up for grabs to run Panama Canal shipyard

The Pacific amp 39 s biggest yard between Chile and California is to be reborn next year under private ownership....

Trade Wind News Published 4y-1w-3d-20h-43m ago

Tradewindsnews

Stena Bulk gives thumbs up to global carbon price for shipping

Top executive at Swedish tanker operator believes industry needs to be ‘ahead of the game’....

Trade Wind News Published 4y-1w-3d-21h-1m ago

Tradewindsnews

Bourbon wins deal to transport and install floating wind platform off Norway

French offshore support vessel owner amp 39 s contract is part of partnership with TetraSpar Demonstrator....

Trade Wind News Published 4y-1w-3d-21h-50m ago

Tradewindsnews

Developing countries hold key to green shipping, says World Bank

Geography and renewables can give nations head start in producing ammonia as a marine fuel....

Trade Wind News Published 4y-1w-3d-22h ago

Tradewindsnews

Celsius Shipping courts yards for LNG carrier quartet

Jeppe Jensen led company makes discreet enquiries but is holding its cards close on latest interest in tonnage....

Trade Wind News Published 4y-1w-3d-22h-9m ago

Tradewindsnews

Strong BW LPG sale price surprises as VLGC rates remain stable

Singapore shipowner banked $40m for 2005 built vessel against a background of tight ship supply....

Trade Wind News Published 4y-1w-3d-22h-42m ago

Tradewindsnews

Libya's NOC declares force majeure on Hariga exports over funding

Oil company says central bank has refused to finance operations for months....

Trade Wind News Published 4y-1w-3d-22h-49m ago

Tradewindsnews

Avin International tied to order for second ammonia-ready suezmax tanker

Greek shipowner exercises option to pay $57.5m for ship that will allow it to be retrofitted for alternative fuel....

Trade Wind News Published 4y-1w-3d-23h-1m ago

Tradewindsnews

Shipowners receive yard offers on LNG carriers for Novatek

Possible contenders for Arc4 ice class vessels emerge but political tensions with Russia may deter some bidders....

Trade Wind News Published 4y-1w-3d-23h-10m ago

Tradewindsnews

Eastmed steps up fleet renewal with product tanker resale duo

Thanassis Martinos company extends swoop on MRs at Hyundai Mipo....

Trade Wind News Published 4y-1w-3d-23h-23m ago

Tradewindsnews

Yangzijiang grabs close to $1bn in fresh newbuilding orders

China’s largest privately owned shipbuilder has now secured orders worth over $4bn in 2021....

Trade Wind News Published 4y-1w-4d-1h-46m ago

Tradewindsnews

Castor Maritime: another day, another acquisition

Buying frenzy by Cyprus based shipowner is closing on $200m this year....

Trade Wind News Published 4y-1w-4d-4h-33m ago

Tradewindsnews

Another day, another acquisition for Castor Maritime

Buying frenzy by Cyprus shipowner is closing on $200m this year....

Trade Wind News Published 4y-1w-4d-4h-33m ago

Tradewindsnews

Marines turned merchant mariners plead guilty in test fraud scheme

Alexis Bell and Michael Wooten will be sentenced in June for taking bribes from mariners to falsify test scores....

Trade Wind News Published 4y-1w-4d-8h-56m ago

Tradewindsnews

Former mariners plead guilty in US Coast Guard test fraud scheme

Pair took bribes in conspiracy to falsify exam scores....

Trade Wind News Published 4y-1w-4d-8h-56m ago

Tradewindsnews

Genco Shipping set to supersize quarterly dividend in new model

Dry bulk owner to keep cutting leverage in 2021 with eye on variable payout based on cash flow starting in fourth quarter....

Trade Wind News Published 4y-1w-4d-9h-20m ago

Tradewindsnews

Euronav linked to VLCC order at South Korea's Hyundai Samho Heavy

Tanker giant believed to have opted for conventionally fuelled, scrubber fitted vessels....

Trade Wind News Published 4y-1w-4d-13h-20m ago

Tradewindsnews

FSG continues shipbuilding comeback with new hires

German shipbuilder expands top management team after being bought out of insolvency in 2020....

Trade Wind News Published 4y-1w-4d-15h-16m ago

Tradewindsnews

Once the world's largest bulker, Berge Stahl is headed for the scrap heap

After Berge Bulk sale, it is unclear where the Berge Stahl will be demolished....

Trade Wind News Published 4y-1w-4d-15h-19m ago

Tradewindsnews

Shipping stocks' 2021 momentum hits the pause button

US listed shares underperform the broader market for the second straight week in lull period before quarterly earnings....

Trade Wind News Published 4y-1w-4d-16h-14m ago

Tradewindsnews

VLCC owners stand to gain from rising Equinor exports to Asia

UK broker Gibson says increasing North Sea production to head East as European refinery runs struggle to recover....

Trade Wind News Published 4y-1w-4d-16h-59m ago

Tradewindsnews

Tsakos Energy Navigation sees related-party fees dip to $43.5m

Tsakos amp 39 array of management and services entities saw public owner pay lower airfares in 2020 pandemic year....

Trade Wind News Published 4y-1w-4d-16h-59m ago

Tradewindsnews

Puzzled by what’s driving tanker stocks? Think energy, not ships

Analyst explains why the apparent ‘disconnect’ in the first quarter is not so strange....

Trade Wind News Published 4y-1w-4d-17h-23m ago

Tradewindsnews

John Angelicoussis: a life in pictures

TradeWinds celebrates the life and times of the Greek shipping icon....

Trade Wind News Published 4y-1w-4d-17h-48m ago

Tradewindsnews

Seafarer found dead on CM Lemos capesize as 10 crew test positive in Crete

Greek Coast Guard says Heroic quarantined on arrival after seafarer found dead in cabin....

Trade Wind News Published 4y-1w-4d-18h-9m ago

Tradewindsnews

VLCCs return to life as strong Myanmar fixtures emerge

Shipowners manage to raise rates but gains remain marginal to date....

Trade Wind News Published 4y-1w-4d-18h-35m ago

Tradewindsnews

EEX rolls out handysize contract on back of record dry FFA volumes

Clearing house notches up record dry freight futures volumes as market booms....

Trade Wind News Published 4y-1w-4d-18h-46m ago

Tradewindsnews

In with the dry and out with the wet at Norden

Denmark amp 39 s Norden continues to strategically sell down its product tankers but said a recent kamsarmax sale was a mere asset play....

Trade Wind News Published 4y-1w-4d-19h-3m ago

Tradewindsnews

Teekay and Cosco tanker arm unveil decarbonisation measures

Energy shipping giants report annual energy efficiency gains and showcase efforts in cutting fuel consumption....

Trade Wind News Published 4y-1w-4d-19h-27m ago

Tradewindsnews

Rokke selling two anchor-handlers taken over from DOF joint venture

Tycoon amp 39 s DDW Offshore seals bareboat deals and eventual disposals in Brazil....

Trade Wind News Published 4y-1w-4d-19h-33m ago

Tradewindsnews

Lloyd's Register's Nick Brown appointed to head IACS

Appointment is the first following a reform of the classification association amp 39 s constitution....

Trade Wind News Published 4y-1w-4d-19h-39m ago

Tradewindsnews

BHP says no ‘silver bullet’ to decarbonising the maritime sector

Singapore also announces plan to establish global centre for shipping decarbonisation....

Trade Wind News Published 4y-1w-4d-19h-54m ago

Tradewindsnews

Zero-carbon hubs get together on safe use of ammonia

Lloyd’s Register and Maersk Mc Kinney Moller Center for Zero Carbon Shipping collaborate on guidelines for green ammonia as marine fuel....

Trade Wind News Published 4y-1w-4d-20h-2m ago

Tradewindsnews

World fleet value tops $1trn as secondhand prices hit seven-year high

Clarksons Research reveals huge swings in prices underlying the general increase in ship values....

Trade Wind News Published 4y-1w-4d-20h-12m ago

Tradewindsnews

Nakilat ups first quarter profit with ‘defensive’ business model

Qatari giant continues to slash costs and expenses....

Trade Wind News Published 4y-1w-4d-20h-32m ago

Tradewindsnews

Sinolines forges rare order at private sector yard with feeder boxships deal

Yangzijiang Shipbuilding will build two 2,400 teu newbuildings, as Jinling is tasked to construct two 1,100 teu ships....

Trade Wind News Published 4y-1w-4d-20h-54m ago

Tradewindsnews

Sinolines forges rare order at private sector yard for feeder boxships

Listed Yangzijiang Shipbuilding will build two 2,400 teu newbuildings, as Jinling is tasked to construct two 1,100 teu ships....

Trade Wind News Published 4y-1w-4d-20h-54m ago

Tradewindsnews

Speed restrictions will drive two-tier bulker market, says consultancy

Most of the world amp 39 s bulker fleet will need to slow down to comply with upcoming emissions rules — which comes with complications....

Trade Wind News Published 4y-1w-4d-21h-45m ago

Tradewindsnews

Socar seen in $120m fleet renewal move with Okeanis LR2 trio

Azerbaijani outfit reportedly swoops on six year old ships after shedding string of old tankers....

Trade Wind News Published 4y-1w-4d-21h-46m ago

Tradewindsnews

Two seafarers dead after Covid-19 cases reported on three ships in Brazil

Dire pandemic situation taking its toll on crews....

Trade Wind News Published 4y-1w-4d-22h-4m ago

Tradewindsnews

Strange shipping tales: quarantine babies and supermarket scuffles

On Watch is TradeWinds amp 39 occasional column taking a sideways glance at shipping news....

Trade Wind News Published 4y-1w-4d-22h-37m ago

Tradewindsnews

KCC moves into lithium concentrate sector as battery demand rises

Combination carriers set to load more spodumene after first two voyages from Western Australia....

Trade Wind News Published 4y-1w-4d-22h-55m ago

Tradewindsnews

Danish technology outfit touts an intelligent cure for Suez hangover

Liner consultancy has developed an early warning system for container terminals that now face an ‘extreme variant’ of a chronic problem....

Trade Wind News Published 4y-1w-4d-22h-56m ago

Tradewindsnews

Castor brings spending to $150m this year with deal to buy another aframax

Cypriot owner continues astonishing spree with $14.8m tanker acquisition....

Trade Wind News Published 4y-1w-4d-23h-10m ago

Tradewindsnews

Gunvor joins think tank's carbon capture drive

Trader and shipowner sees technology as vital to achieving zero emission goals....

Trade Wind News Published 4y-1w-4d-23h-27m ago

Tradewindsnews

Nisshin returns to Jiangsu Hantong for 10 kamsarmaxes in $280m order

The Japanese owner is said to be using the proceeds from recent tanker sales to invest on bulk carriers....

Trade Wind News Published 4y-1w-5d-1h-16m ago

Tradewindsnews

Seaspan raises $300m from second sustainability-linked bond issue

US listed containership leasing company has now raised $500m from Nordic bond market....

Trade Wind News Published 4y-1w-5d-1h-26m ago

Tradewindsnews

Eastern Pacific still rules the roost as Singapore’s top shipowner

World’s top 10 shipowning nations control a fleet of almost 30,000 ships worth over $717bn....

Trade Wind News Published 4y-1w-5d-5h-8m ago

Tradewindsnews

Yara Marine ties up deal to supply Cargill-backed WindWings sails

Scrubber group that is greening its technology portfolio will become global installer of wind propulsion system being fitted to Cargill chartered bulker....

Trade Wind News Published 4y-1w-5d-5h-19m ago

Tradewindsnews

US union says private equity move into US flag sowing 'chaos'

American Industrial Partners has bought the American Steamship Co and Seacor Holdings....

Trade Wind News Published 4y-2w-11h-19m ago

Tradewindsnews

Union says private equity move into US flag is sowing 'chaos'

American Industrial Partners has bought the American Steamship Co and Seacor Holdings....

Trade Wind News Published 4y-2w-11h-19m ago

Tradewindsnews

US union says private equity move into US flag sewing 'chaos'

American Industrial Partners has bought the American Steamship Co and Seacor Holdings....

Trade Wind News Published 4y-2w-11h-19m ago

Tradewindsnews

New Fortress focused on first FLNG unit and new Brazil terminals

Hygo Golar Partners buyout is ‘transformative’ for the company, chairman and CEO Wes Edens says....

Trade Wind News Published 4y-2w-12h-8m ago

Tradewindsnews

Capesize bulkers see strong week amid robust steel demand

The World Steel Association improves its steel forecast demand....

Trade Wind News Published 4y-2w-13h-7m ago

Tradewindsnews

Howe Robinson boardroom table revealed as the one Prince Philip was born on

London broker acquired fabled piece of furniture in 1980, long after the dramatic events on Corfu in 1921....

Trade Wind News Published 4y-2w-14h-39m ago

Tradewindsnews

Pandemic and ship value write-down leads Grieg to $105m loss

Shipping write downs and shipbroking turmoil contributed to a $105m pre tax loss for Bergen based seafood and shipping company Grieg in 2020....

Trade Wind News Published 4y-2w-14h-57m ago

Tradewindsnews

Tsakos Energy Navigation fixes LRs on profit-sharing charters

Unnamed tanker quartet to be employed for two years....

Trade Wind News Published 4y-2w-15h-1m ago

Tradewindsnews

Algoma Central fined for dumping bilge water into Lake Ontario

The Canadian owner must also serve a three year probation....

Trade Wind News Published 4y-2w-15h-8m ago

Tradewindsnews

Harland & Wolff clinches Saipem order for eight turbine foundations

Belfast shipbuilder amp 39 s diversification under new ownership is paying off....

Trade Wind News Published 4y-2w-16h-6m ago

Tradewindsnews

Rising box rates fuel hopes of another bumper year for liner operators

Effects of Suez impact on rates on trade lanes where congestion is building....

Trade Wind News Published 4y-2w-17h-32m ago

Tradewindsnews

WISTA Norway president calls on men to pitch in for gender equality

Men are expected to do their bit in helping recruit and promote more women at all levels up to the C suite....

Trade Wind News Published 4y-2w-17h-40m ago

Tradewindsnews

BW LPG makes $10m profit on VLGC it owned for 12 days

Singapore owner has offloaded 2005 built BW Empress into Bangladesh for $40m....

Trade Wind News Published 4y-2w-18h-34m ago

Tradewindsnews

MOL flips FSRU newbuilding to LNG carrier after Uniper hydrogen switch

Shipbuilder says contract value on the deal has been halved....

Trade Wind News Published 4y-2w-18h-56m ago

Tradewindsnews

Rotor sail demand set to outstrip supply but Anemoi has a solution

UK manufacturer giving owners the option of drydocking for prepatory work before kit becomes available....

Trade Wind News Published 4y-2w-18h-57m ago

Tradewindsnews

Asia Pulp & Paper splashing out close to $140m on woodchip carrier newbuildings

Indonesian manufacturer turns shipowner with order at Chengxi Shipyard....

Trade Wind News Published 4y-2w-20h-47m ago

Tradewindsnews

Chief officer dies in fall from hold ladder off Brazil

Operator Dramar said Erdem Bulat could not be saved after accident on bulker....

Trade Wind News Published 4y-2w-20h-52m ago

Tradewindsnews

New Fortress Energy completes Hygo-Golar LNG Partners buy

Company gains 13 LNG carriers, including seven FSRUs, and interest in an FLNG unit....

Trade Wind News Published 4y-2w-20h-52m ago

Tradewindsnews

Heavylift consolidation rolls on as Rhenus buys Arkon Shipping & Projects

German companies combine their fleets days after merger between Jumbo Shipping and SAL was confirmed....

Trade Wind News Published 4y-2w-21h-9m ago

Tradewindsnews

BHP Singapore biofuel deal is 'just the beginning' for GoodFuels

Green fuel producer tells TradeWinds it has global ambitions after successful trial in Asia....

Trade Wind News Published 4y-2w-21h-37m ago

Tradewindsnews

Euronav sees 80 extra VLCCs needed into China as Opec opens the taps

Belgian owner optimistic about tanker recovery in second half of 2021....

Trade Wind News Published 4y-2w-22h-11m ago

Tradewindsnews

P&O Ferries sells two ropaxes to MSC’s Italian ferry arm GNV

Complex deal will see two North Sea stalwarts owned out of Cyprus but operated from Italy....

Trade Wind News Published 4y-2w-1d-1h-13m ago

Tradewindsnews

P&O Ferries sells two ropaxes to MSC Group’s Italian ferry arm GNV

Complex deal will see two North Sea stalwarts owned out of Cyprus but operated from Italy....

Trade Wind News Published 4y-2w-1d-1h-13m ago

Tradewindsnews

Pioneer Marine investors set for payday as bulker sales reap $59m

Oslo listed bulker owner continues to dispose of tonnage as it takes advantage of strong ship values....

Trade Wind News Published 4y-2w-1d-1h-48m ago

Tradewindsnews

Hapag-Lloyd and HMM containerships suffer Covid-19 cases in US

German owner says both incidents were beyond, but it will do its utmost to safeguard health and well being of crew....

Trade Wind News Published 4y-2w-1d-3h-57m ago

Tradewindsnews

Flex LNG CEO expecting more strength from LNG market in 2021

One year time charter equivalent rates hit $72,000 per day on Wednesday, he said....

Trade Wind News Published 4y-2w-1d-10h-58m ago

Tradewindsnews

Regulators give green light for Jumbo-SAL-Alliance

Heavylift giant creaks into action with 30 ships specialising in large project cargoes....

Trade Wind News Published 4y-2w-1d-11h-49m ago

Tradewindsnews

VLGC rates forecast to hold up through 2021, Poten says

Supply side inefficiencies, improved US production and demand pull from Asia set to support freight....

Trade Wind News Published 4y-2w-1d-11h-56m ago

Tradewindsnews

NGM Energy and Easter Pacific sell aged crude tankers at firm prices

Two suezmaxes and two aframaxes have been sold to Asia based buyers....

Trade Wind News Published 4y-2w-1d-12h-7m ago

Tradewindsnews

NGM Energy and Eastern Pacific sell aged crude tankers at firm prices

Two suezmaxes and two aframaxes have been sold to Asia based buyers....

Trade Wind News Published 4y-2w-1d-12h-7m ago

Tradewindsnews

Angelicoussis hailed for defending Greek flag

Late Greek magnate was the staunchest supporter of the national ship registry....

Trade Wind News Published 4y-2w-1d-13h-36m ago

Tradewindsnews

Seacor 'deeply saddened' by liftboat capsizing in US Gulf

US Coast Guard continues search for 12 missing crewmembers....

Trade Wind News Published 4y-2w-1d-14h-52m ago

Tradewindsnews

Damen yard moves into shipowning in leasing deal with EnTrust Global unit

DP Leasing will own and lease out environmentally advanced new vessels to help clients with energy transition funding....

Trade Wind News Published 4y-2w-1d-15h-28m ago

Tradewindsnews

American Industrial Partners completes tender-offer takeover of Seacor Holdings

Charles Fabrikant will pass on chief executive role to son Erik Fabrikant....

Trade Wind News Published 4y-2w-1d-15h-29m ago

Tradewindsnews

Are boxships the next move for Castor Maritime?

The container market is attracting new players, with investors amp 39 favourite Castor Maritime tipped to enter the sector....

Trade Wind News Published 4y-2w-1d-15h-30m ago

Tradewindsnews

Shipping needs $3.4trn investment to meet 2050 decarbonisation target, Stopford says

Renowned economist says shipowners should work with charterers to finance new types of vessels....

Trade Wind News Published 4y-2w-1d-15h-58m ago

Tradewindsnews

LNG can cut greenhouse gas fuel emissions by up to 23%, study shows

Independent commissioned research says by 2030 methane slip will have been ‘virtually eliminated’....

Trade Wind News Published 4y-2w-1d-16h-17m ago

Tradewindsnews

Andi Case options bring stake in Clarksons to $27.4m

Performance and bonus stock sees chief executive own 2.25% of world amp 39 s biggest shipbroker....

Trade Wind News Published 4y-2w-1d-16h-36m ago

Tradewindsnews

CMA CGM ship 'remains on site' after deadly collision

Boxship remains off Mangalore but has not been detained....

Trade Wind News Published 4y-2w-1d-16h-44m ago

Tradewindsnews

Navios tankers outfit scraps dividend amid brightening but ‘difficult’ markets

Navios Maritime Acquisition suspends payout as conditions for crude oil and product carriers remain challenging and the company tackles debt....

Trade Wind News Published 4y-2w-1d-16h-50m ago

Tradewindsnews

DP World claims huge lost profits at Djibouti

DP World told arbitrators it should have pocketed $210m at Djibouti since it was ousted, shedding rare light on a lucrative business....

Trade Wind News Published 4y-2w-1d-17h-30m ago

Tradewindsnews

Mind your green fuel or it may go brown

A fresh Swedish investigation of the biofuel industry shows the high risk of amp 39 green amp 39 emissions accounting falling apart....

Trade Wind News Published 4y-2w-1d-18h-41m ago

Tradewindsnews

DP World 'wants to control Djibouti coast' as strategic port row escalates

Dubai amp 39 s DP World wants to amp 39 take control over the whole of Djibouti amp 39 s coastline and beyond amp 39 , say Djibouti authorities....

Trade Wind News Published 4y-2w-1d-18h-47m ago

Tradewindsnews

Evergreen fixes $77m of finance for new boxships at Hyundai Mipo

Taiwanese container line amp 39 s facility with Banco Santander is its first to be backed by South Korea amp 39 s K Sure....

Trade Wind News Published 4y-2w-1d-19h-17m ago

Tradewindsnews

Pavilion Energy ships in Singapore's first carbon neutral LNG cargo

Trader and gas buyer extends its decarbonisation efforts with offsets for shipment....

Trade Wind News Published 4y-2w-1d-19h-20m ago

Tradewindsnews

Eastern Pacific and H-Line ink $800m dual-fuel Rio Tinto bulker deal

Project Orion sees third mining giant opting for LNG fuelled bulkers....

Trade Wind News Published 4y-2w-1d-20h-10m ago

Tradewindsnews

Trafigura buys into MAN's new ammonia engine design project

Commodity trader ties up with engine designer in a new style of partnership for a decarbonising industry....

Trade Wind News Published 4y-2w-1d-21h-2m ago

Tradewindsnews

Seanergy hails banks' 'vote of confidence' as it lines up $58m refinancing

Greek owner frees liquidity to pay for recent capesize purchase spree....

Trade Wind News Published 4y-2w-1d-21h-35m ago

Tradewindsnews

Panama Canal delays 167% fee hike after shipping industry outcry

Waterway amp 39 s authority postpones amp 34 significant amp 34 rise for transits until 1 June....

Trade Wind News Published 4y-2w-1d-21h-40m ago

Tradewindsnews

Shipping pays its final respects to John Angelicoussis

Legendary shipowner amp 39 s vision, innovation and values leave enviable legacy....

Trade Wind News Published 4y-2w-1d-22h-6m ago

Tradewindsnews

Visionary owner John Angelicoussis bequeaths sprawling shipping empire

Archetype of withdrawn Greek gentleman owner dies at 72 after building the biggest fleet his country ever saw....

Trade Wind News Published 4y-2w-1d-22h-6m ago

Tradewindsnews

Seafarers' union looks to widen role in ESG push

ITF says the importance of environmental, social and governance has been brought to the fore in the pandemic....

Trade Wind News Published 4y-2w-1d-22h-26m ago

Tradewindsnews

Tufton Oceanic uses new cash pile to add handysize bulker

London listed fund makes first purchase since launching a new phase of expansion this year....

Trade Wind News Published 4y-2w-1d-22h-33m ago

Tradewindsnews

Rauma Marine secures contract for two TT-Line ropaxes at long last

Long awaited order boosts Finnish yard’s orderbook as it reports a strong financial result....

Trade Wind News Published 4y-2w-1d-22h-47m ago

Tradewindsnews

Crew kidnapped from De Poli tanker in Gulf of Guinea released

The seafarers were taken hostage on 11 March....

Trade Wind News Published 4y-2w-1d-23h-30m ago

Tradewindsnews

Nakashima Propeller takes majority stake in Mewis Duct maker Becker

Combined product portfolios aim to generate strong hydrodynamic system provider for ship propulsion and manoeuvring....

Trade Wind News Published 4y-2w-2d-48m ago

Tradewindsnews

BHP and Oldendorff complete Singapore’s first biofuel bunker trial

MPA says test will enable it to develop an informed strategy on the structural supply and use of biofuels....

Trade Wind News Published 4y-2w-2d-4h-38m ago

Tradewindsnews

Flex LNG dives into period market with five-ship Cheniere deal

Fredriksen firm charters out one newbuilding and at least three existing ships as the period market firms up....

Trade Wind News Published 4y-2w-2d-8h-43m ago

Tradewindsnews

Evergreen mulls ways to release cargo aboard arrested megaship

Legal tussles continue between Suez Canal Authority, Shoei Kisen and insurers over $916m claim from grounding incident....

Trade Wind News Published 4y-2w-2d-9h-2m ago

Tradewindsnews

IEA, Opec paint brighter tanker prospects from summer

Shipowners may feel relieved as oil demand recovery appears finally back on track....

Trade Wind News Published 4y-2w-2d-12h-54m ago

Tradewindsnews

‘Unacceptable’ not to choose LNG for newbuildings, Shell says

Capital Link panelists declare themselves ‘baffled’ on the fuelling choices being made today....

Trade Wind News Published 4y-2w-2d-13h-23m ago

Tradewindsnews

Bugbee places big short-term bet on Scorpio Tankers stock

Company president thinks the share can get to a level it hasn amp 39 t seen in nearly a year....

Trade Wind News Published 4y-2w-2d-14h-13m ago

Tradewindsnews

Pacific Basin Shipping's bulkers earned best rates in 10 years in early 2021

Hong Kong based owner operator will turn its focus to delevering and hopes to kickstart dividends to shareholders....

Trade Wind News Published 4y-2w-2d-14h-16m ago

Tradewindsnews

ITIC says missed Covid-19 test meant 11-day ship delay - and a heavy bill

Insurer warns owners and managers of importance of thorough check of documents....

Trade Wind News Published 4y-2w-2d-15h-28m ago

Tradewindsnews

EEXI already 'yesterday's news' but will still boost ship demand

Frontline and Oldendorff executives talk efficiency as IMO gears up to finalise index....

Trade Wind News Published 4y-2w-2d-15h-36m ago

Tradewindsnews

Opinions split on impact of departure of Iain Ross from Golar LNG

....

Trade Wind News Published 4y-2w-2d-15h-49m ago

Tradewindsnews

Rescue at sea turns into Hollywood drama for Pangaea Logistics bulker

Captain forced to navigate tense standoff between Cuban refugees and Cayman Islands authorities....

Trade Wind News Published 4y-2w-2d-16h-5m ago

Tradewindsnews

US watchdog cracks down on ESG issues amid focus on shareholders

SEC may one day require US based companies to report on ESG related actions....

Trade Wind News Published 4y-2w-2d-17h-52m ago

Tradewindsnews

DHT pushes ahead its tanker fleet renewal with sale of three oldest ships

Brokers suggest US listed tanker firm is living up to hints made earlier this year....

Trade Wind News Published 4y-2w-2d-17h-55m ago

Tradewindsnews

DHT pushes ahead fleet renewal with sale of three oldest tankers

Brokers suggest US listed firm is living up to hints made earlier this year....

Trade Wind News Published 4y-2w-2d-17h-55m ago

Tradewindsnews

SSY Futures teams with Green Tiger for electricity trades

Shipbroker says cooperation will help it capitalise on growing Asian market....

Trade Wind News Published 4y-2w-2d-18h-15m ago

Tradewindsnews

SSY Futures teams up with Green Tiger for electricity trades

Shipbroker says cooperation will help it capitalise on growing Asian market....

Trade Wind News Published 4y-2w-2d-18h-15m ago

Tradewindsnews

Adnoc L&S homes in on Maersk Tankers LR2 resale sextet

Final board approval awaited on latest additions to burgeoning fleet....

Trade Wind News Published 4y-2w-2d-18h-39m ago

Tradewindsnews

How will China’s crackdown on dirty industries affect dry bulk?

Beijing considers restrictions on polluting steel producers, but output show no signs of slowing....

Trade Wind News Published 4y-2w-2d-18h-48m ago

Tradewindsnews

Shell to team up on LNG-powered fuel cell trial

Energy major is joining a consortium to test this technology for deepsea shipping....

Trade Wind News Published 4y-2w-2d-19h-4m ago

Tradewindsnews

Grimaldi makes Spanish play with acquisitions from Armas Trasmediterranea

Deal includes five ropaxes, stakes in two terminals and rights to operate in Spanish cabotage trades....

Trade Wind News Published 4y-2w-2d-19h-9m ago

Tradewindsnews

There may be pitfalls ahead but this recovery doesn’t feel like 2008

An industry that has proved its resilience is now reaping the rewards....

Trade Wind News Published 4y-2w-2d-19h-34m ago

Tradewindsnews

All eyes on Maria Angelicoussis as new boss faces high-stakes calls

Heir of John Angelicoussis has her work cut out to sustain its success and silence doubters....

Trade Wind News Published 4y-2w-2d-19h-55m ago

Tradewindsnews

Boxship delays to worsen as port strikes grip US, Canada and New Zealand

Congestion to increase as dockers take action in Los Angeles, Montreal and Auckland....

Trade Wind News Published 4y-2w-2d-20h-11m ago

Tradewindsnews

Offshore exodus: more PSVs sold out of oil and gas market

Unwanted ships continue to find a second life in businesses outside their traditional sector....

Trade Wind News Published 4y-2w-2d-21h-29m ago

Tradewindsnews

We know all about the 'E', but where's the 'S' and the 'G'?

Tracking emissions has a regulatory framework, which explains why the environmental part of ESG has taken centre stage....

Trade Wind News Published 4y-2w-2d-22h-3m ago

Tradewindsnews

Petronas selects South Korean owner and yard for LNG newbuildings

Malaysian energy giant moves forward on LNG Canada shipping requirements....

Trade Wind News Published 4y-2w-2d-22h-5m ago

Tradewindsnews

Angeliki Frangou company provides $100m loan to Navios Acquisition

Affiliate of CEO to finance tanker operation, with an option to swap debt for Navios Midstream units....

Trade Wind News Published 4y-2w-2d-22h-33m ago

Tradewindsnews

Australia’s Port of Townsville eyes hydrogen tanker exports by 2025

Project backers say there will be significant export demand for green fuel from Asia in the next 10 years....

Trade Wind News Published 4y-2w-3d-1h-38m ago

Tradewindsnews

Lithuania calls in the drones to sniff out ship emission offenders

European Maritime Safety Agency to lend one of its unmanned aircraft to Baltic Sea state for three months....

Trade Wind News Published 4y-2w-3d-4h-3m ago

Tradewindsnews

Liner companies swamp Hyundai Mipo for feeder boxships

Strong newbuilding demand, limited berths and high material costs are expected to drive up yard prices....

Trade Wind News Published 4y-2w-3d-4h-56m ago

Tradewindsnews

Ever Given held as Suez Canal Authority seeks $916m in claims

The UK P amp I Club argues much of the claim is amp 39 unsupported amp 39 ....

Trade Wind News Published 4y-2w-3d-10h-59m ago

Tradewindsnews

Another Israeli car carrier attacked in Gulf as Iran conflict escalates

The incident comes after an Iranian ship suffered a blast and an attack on an Islamic republic nuclear facility....

Trade Wind News Published 4y-2w-3d-12h-8m ago

Tradewindsnews

Israeli car carrier undamaged after attempted attack, owner says

The incident comes after an Iranian ship suffered a blast and an attack on an Islamic republic nuclear facility....

Trade Wind News Published 4y-2w-3d-12h-8m ago

Tradewindsnews

Reefer giant Seatrade spearheads takeover of Geest Line

World amp 39 s largest reefer operator and Jamaican Producers acquire UK to Caribbean specialist....

Trade Wind News Published 4y-2w-3d-12h-16m ago

Tradewindsnews

Biden administration could push new maritime policies

With Democrats in power, and some bipartisan help, the US could reexamine domestic shipping....

Trade Wind News Published 4y-2w-3d-13h-4m ago

Tradewindsnews

The fittest of shipowners can survive the age of ESG finance

Shipping companies need to do much more to tap into rapidly expanding liquidity pool....

Trade Wind News Published 4y-2w-3d-13h-26m ago

Tradewindsnews

Monjasa bunker volumes hit record high in 'disrupted' global markets

Danish fuel and tanker group says 2020 saw big growth in the Americas and South east Asia....

Trade Wind News Published 4y-2w-3d-14h-41m ago

Tradewindsnews

Yard backlogs lengthen as owners pile in for $41bn of ships since October

Clarksons Platou data shows surge in orders has driven up newbuilding prices across the board....

Trade Wind News Published 4y-2w-3d-15h-41m ago

Tradewindsnews

Wartsila testing predictive maintenance system on NYK LNG carriers

Finnish group eyeing deal for all of Japanese giant amp 39 s 415 ships if trial goes well....

Trade Wind News Published 4y-2w-3d-15h-57m ago

Tradewindsnews

Norwegian AHTS rates top NOK1m for first time since 2018

Slow start to 2021 speeds up as anchor handlers remain in short supply....

Trade Wind News Published 4y-2w-3d-16h-18m ago

Tradewindsnews

Denmark's Norden scores big on kamsarmax resale

Danish owner earns a $5m profit on vessel it bought three months ago....

Trade Wind News Published 4y-2w-3d-16h-23m ago

Tradewindsnews

Adnoc L&S bumps up growing VLCC fleet to eight with two vessel buys

Ship hungry Abu Dhabi owner extends large tanker fleet with dual fuel and scrubber fitted newbuildings....

Trade Wind News Published 4y-2w-3d-17h-39m ago

Tradewindsnews

Dellaportas brothers split and divide the Meadway Shipping dry-bulk fleet

Greek shipping family members head off in different directions but for customers it remains business as usual....

Trade Wind News Published 4y-2w-3d-18h-12m ago

Tradewindsnews

Split decision: Dellaportas brothers divide up Meadway Shipping fleet

Greek shipping family members head off in different directions....

Trade Wind News Published 4y-2w-3d-18h-12m ago

Tradewindsnews

Ifchor and ClearBlue Markets form new carbon trading venture

Broker and carbon market specialist also eyeing move into financing of offsetting projects....

Trade Wind News Published 4y-2w-3d-18h-35m ago

Tradewindsnews

Sinokor holds out for strong price on LNG carrier scrap sale

South Korean owner set to send 41 year old, laid up vessel to the breakers....

Trade Wind News Published 4y-2w-3d-19h-14m ago

Tradewindsnews

Hyundai LNG returns to Hyundai group for VLGC newbuildings

The company is splashing out $156m on two dual fuel gas carriers....

Trade Wind News Published 4y-2w-3d-19h-20m ago

Tradewindsnews

Navigator could sell six older and smaller Ultragas ships, analysts say

Fearnley Securities believes some of Chilean owner amp 39 s LPG carriers are potential sale or scrapping candidates following merger....

Trade Wind News Published 4y-2w-3d-19h-23m ago

Tradewindsnews

Invesco takes big step back from GasLog Partners

The investment manager sold millions of shares amid GasLog BlackRock merger....

Trade Wind News Published 4y-2w-3d-19h-29m ago

Tradewindsnews

CMA CGM aims to rebuild blast-hit Beirut port for up to $600m

French containership and terminals group plans resurrection of Lebanese port within three years....

Trade Wind News Published 4y-2w-3d-20h-17m ago

Tradewindsnews

Socar offloads ageing oil tankers in below-the-radar deals

Greek and Asian interests linked to deals for some of Azerbaijan state energy company amp 39 s biggest tankers....

Trade Wind News Published 4y-2w-3d-20h-19m ago

Tradewindsnews

Boxship boom could wipe out MPCC's net debt by 2023

Clarksons Platou says high vessel charter rates likely to be maintained for longer than box rates....

Trade Wind News Published 4y-2w-3d-21h-36m ago

Tradewindsnews

Incoming Braemar chairman Payne is a man of many interests

Charity and sport feature strongly on former gambling executive amp 39 s interests outside of business....

Trade Wind News Published 4y-2w-3d-21h-46m ago

Tradewindsnews

Colleagues say Braemar have the right man in 'charismatic' chairman Payne

Shipbroker amp 39 s new director described as incisive and responsive, with a real presence in the boardroom....

Trade Wind News Published 4y-2w-3d-21h-46m ago

Tradewindsnews

Fredriksen salutes ‘skilful and clever’ rival Angelicoussis

Norwegian shipping magnate remembers the highs and lows of his relationship with the Greek shipping icon who died on Saturday....

Trade Wind News Published 4y-2w-3d-22h-26m ago

Tradewindsnews

U-Ming marks sustainable finance debut, as Seaspan returns for more

Bulker and container shipowners give boost to finance system that is helping to decarbonise shipping....

Trade Wind News Published 4y-2w-4d-37m ago

Tradewindsnews

Euroseas continues to benefit from hot boxship market in latest fixture

Aristides Pittas led owner says another four legacy charters are up for renewal shortly....

Trade Wind News Published 4y-2w-4d-4h-42m ago

Tradewindsnews

Iain Ross steps down as Golar LNG chief executive

Hunt for replacement launched as company closes in on sale of its business stakes to New Fortress Energy....

Trade Wind News Published 4y-2w-4d-11h-40m ago

Tradewindsnews

Crystal offers Arctic July cruises off Iceland to vaccinated voyagers

The US government may allow US ships to start sailing again by amp 39 mid summer amp 39 , according to US transportation secretary Pete Buttigieg....

Trade Wind News Published 4y-2w-4d-12h-20m ago

Tradewindsnews

Navigator buys Chile's Ultragas in $567m all-stock deal to create LPG power

Combination to create $1.3bn company with 56 tankers with Ultranav amp 39 s Dag von Appen and Peter Stokes joining the Navigator board....

Trade Wind News Published 4y-2w-4d-13h-30m ago

Tradewindsnews

Navigator buys Chile's Ultragas in $390m all-stock deal to create LPG power

Combination to create $1.3bn company with 56 tankers with Ultranav amp 39 s Dag von Appen and Peter Stokes joining the Navigator board....

Trade Wind News Published 4y-2w-4d-13h-30m ago

Tradewindsnews

DNV logs record monthly total of LNG-fuelled newbuilding orders

Classification society says March proved the hottest month in 10 years of keeping score....

Trade Wind News Published 4y-2w-4d-14h-23m ago

Tradewindsnews

Claus-Peter Offen passes the baton at Germany’s largest containership owner

Former Hamburg Sud man Arnt Vespermann to take over at leading German tonnage provider....

Trade Wind News Published 4y-2w-4d-15h-4m ago

Tradewindsnews

Containerships shine in otherwise flat week for US-listed owners

One New York bulker company made a move upward and could bear watching from here....

Trade Wind News Published 4y-2w-4d-15h-33m ago

Tradewindsnews

Gibson says 45 VLCCs and suezmaxes needed if Iran sanctions end

But outlook for overall tanker market is complicated, UK shipbroker adds....

Trade Wind News Published 4y-2w-4d-16h-14m ago

Tradewindsnews

Borealis offloads sub-panamax pair on the back of busy market

Two 2,500 teu vessels expected to be delivered in third quarter....

Trade Wind News Published 4y-2w-4d-16h-18m ago

Tradewindsnews

Turkey joins growing list of countries to ban open-loop scrubbers

Owners with the exhaust cleaners will now need to switch to compliant fuel....

Trade Wind News Published 4y-2w-4d-17h-19m ago

Tradewindsnews

Hapag-Lloyd selling five boxships in transatlantic service upgrade

But boss Habben Jansen says line needs capacity and may hold on to smaller ships through charters....

Trade Wind News Published 4y-2w-4d-17h-20m ago

Tradewindsnews

Shipping boss Oddbjorn Slinning steps up to run law firm Sands

Norwegian operation says experienced lawyer will take over as managing partner from Ernst Ravnaas....

Trade Wind News Published 4y-2w-4d-17h-21m ago

Tradewindsnews

Navig8 VLCC pool keeps up Glencore chase after bad bunkers

Glencore was told the fuel was bad when it cut a deal to supply a VL8 Pool tanker....

Trade Wind News Published 4y-2w-4d-18h-38m ago

Tradewindsnews

Navig8 expands aframax pool in deals with Latsis, Marinakis and IMS

Greek owners entrust tanker tonnage to steadily expanding UK owner and operator....

Trade Wind News Published 4y-2w-4d-18h-39m ago

Tradewindsnews

Box blaze into sixth day after Interasia vessel ordered back to port

Firefighters still tackling fire on boxship at anchorage off Malaysia....

Trade Wind News Published 4y-2w-4d-18h-39m ago

Tradewindsnews

Avenir LNG 'turns the corner' as charterers form a queue for new ships

Chairman Niels Stolt Nielsen is excited for company amp 39 s prospects as newbuildings are delivered....

Trade Wind News Published 4y-2w-4d-19h-53m ago

Tradewindsnews

MPCC upgrades earnings for a second time this year

Tonnage provider bullish on back of amp 39 persistently strong amp 39 container shipping market....

Trade Wind News Published 4y-2w-4d-20h-1m ago

Tradewindsnews

Shell books large LNG bunker vessel newbuilding with Pan Ocean

South Korean owner extends its chartering commitments to energy major on LNG....

Trade Wind News Published 4y-2w-4d-20h-6m ago

Tradewindsnews

Super-Eco Tankers is back at Hyundai Mipo for tanker newbuilding

Tomasos family company has dropped an option for a second ship, which was promptly taken up by Greek tanker peer Ancora....

Trade Wind News Published 4y-2w-4d-21h-34m ago

Tradewindsnews

Momentum grows as shipping enjoys best first quarter since 2008, says Clarksons

But shipbroker warns there could be downward pressure if super heated boxship and bulker markets fade....

Trade Wind News Published 4y-2w-4d-21h-52m ago

Tradewindsnews

Euronav adds $95m loan as green financing reaches 31% of debt total

Tanker giant taps more lenders to boost sustainability linked financial profile....

Trade Wind News Published 4y-2w-4d-21h-59m ago

Tradewindsnews

EGPN Bulk Carrier orders kamsarmax at Chengxi

Contract marks Chinese company amp 39 s first move into newbuilding arena....

Trade Wind News Published 4y-2w-4d-22h-37m ago

Tradewindsnews

Transport Capital to represent Hamburg Commercial Bank in Asia

Singapore investment manager continues to grow its business of representing European banks in the region....

Trade Wind News Published 4y-2w-4d-23h-6m ago

Tradewindsnews

Robbers target Oldendorff, Melodia and Kyla vessels in Singapore Strait

Engine spares stolen and seafarer hit on the head after three vessels targeted in the world’s busiest shipping lane....

Trade Wind News Published 4y-2w-5d-59m ago

Tradewindsnews

Idan and Batia Ofer launch maritime scholarship fund in Singapore

Family foundation aims to award up to 10 full term scholarships per year to Singaporeans in the maritime industry....

Trade Wind News Published 4y-2w-5d-3h-12m ago

Tradewindsnews

Castor Maritime takes 2021 secondhand purchase tally to nine ships

Nasdaq listed shipowner’s latest acquisition comes just days after latest fundraiser....

Trade Wind News Published 4y-2w-5d-5h-22m ago

Tradewindsnews

Poseidon Principles looks for personal touch to bring Chinese lenders on board

Japanese banks have joined the Poseidon Principles, but the framework is still missing Chinese banks....

Trade Wind News Published 4y-2w-5d-5h-55m ago

Tradewindsnews

Greek prime minister leads tributes to the late John Angelicoussis

Country bids farewell to the staunchest supporter of his home country’s flag and gives ringing endorsement to his successor....

Trade Wind News Published 4y-2w-6d-7h-46m ago

Tradewindsnews

Greek shipping icon John Angelicoussis dies in Athens

Influential shipowner succumbs after cardiac arrest at home three weeks ago. His daughter Maria succeeds him....

Trade Wind News Published 4y-2w-6d-15h-2m ago

Tradewindsnews

Global Ship Lease backers selling $65m stake

Kelso amp 39 s position will fall to 23% if all shares are sold....

Trade Wind News Published 4y-3w-11h-7m ago

Tradewindsnews

Niels Stolt-Nielsen 'not worried' about ageing tanker fleet

CEO says company is constantly evaluating propulsion options for new orders....

Trade Wind News Published 4y-3w-14h-20m ago

Tradewindsnews

Florida sues Washington over putting cruise industry 'on the brink of financial ruin'

The state has lost $3.2bn in economic activity through September, according to the Federal Maritime Commission....

Trade Wind News Published 4y-3w-15h-21m ago

Tradewindsnews

Great Eastern spree continues with deal to buy Eastern Pacific LPG carrier

Indian shipowner agrees to acquire veteran vessel from Idan Ofer company....

Trade Wind News Published 4y-3w-15h-40m ago

Tradewindsnews

Nordic marine insurance growth continues to outpace London

Skuld shows biggest gains as the region’s fast expanding hull and machinery business gets even bigger....

Trade Wind News Published 4y-3w-15h-47m ago

Tradewindsnews

Aon urges International Group to open up about P&I pool claims

International Group reinsurers threaten to raise rates significantly because of high level of shared claims....

Trade Wind News Published 4y-3w-16h-5m ago

Tradewindsnews

Moundreas steps up tanker sales with fleet renewal in sight

Greek shipowner about to offload its sixth crude and product carrier since October amid insatiable Asian appetite for ageing tankers....

Trade Wind News Published 4y-3w-16h-23m ago

Tradewindsnews

How investors are holding US shipowners to account

More public companies are voluntarily reporting on their health, diversity and sustainability records — but in the EU, it’s mandatory....

Trade Wind News Published 4y-3w-16h-37m ago

Tradewindsnews

Fredriksen's Avance Gas plans to boost its VLGC newbuilding book

John Fredriksen’s LPG carrier owning company poised to declare two DSME options....

Trade Wind News Published 4y-3w-17h-33m ago

Tradewindsnews

Scorpio Group bags Onex newbuilding as 50th vessel in LR2 pool

Dubai energy trader had recently taken delivery of its first owned product tanker....

Trade Wind News Published 4y-3w-18h-13m ago

Tradewindsnews

Trafigura launches carbon trading desk amid renaissance of niche market

Trading giant wants more liquidity in climate trading for voluntary and regulated credits....

Trade Wind News Published 4y-3w-18h-41m ago

Tradewindsnews

LNG carrier rates buoyed by period chartering interest

Sentiment ticks up for the year with spot levels inching higher as time charter deals soak up tonnage....

Trade Wind News Published 4y-3w-18h-45m ago

Tradewindsnews

DNV reports record result for pandemic-plagued 2020

Classification society holds on to 20% market share as it looks to grow....

Trade Wind News Published 4y-3w-19h-15m ago

Tradewindsnews

Angelicoussis' health shows no improvement as major Greek owner still in critical condition

Head of one of the world amp 39 s biggest private shipping groups remains in hospital after collapsing in his home in Athens three weeks ago....

Trade Wind News Published 4y-3w-19h-40m ago

Tradewindsnews

American Shipping adds liquidity with bond tap worth $20m

Oslo listed tanker owner now at full capacity of five year issue....

Trade Wind News Published 4y-3w-20h-8m ago

Tradewindsnews

Hagland replacing ageing bulkers with up to four hybrid newbuildings

Norwegian owner picks Dutch yard Bodewes for order of self discharging ships....

Trade Wind News Published 4y-3w-20h-10m ago

Tradewindsnews

Fredriksen poised to lose all but a sliver in Seadrill restructuring

Bankers may recoup up to 31% of their claims as drilling unit owner pursues new plan....

Trade Wind News Published 4y-3w-20h-15m ago

Tradewindsnews

Tanker demolition at last picks up in ‘long overdue’ development

But trend could be halted by Opec+ output hike and lockdowns in Indian subcontinent....

Trade Wind News Published 4y-3w-21h-2m ago

Tradewindsnews

More shipowners to use vessel retrofits to generate carbon offsets

Scorpio Tankers expected to be an early entrant on the environmental front....

Trade Wind News Published 4y-3w-21h-37m ago

Tradewindsnews

Stock drops as Global Ship Lease's biggest shareholder seeks to reduce holding

Size of offering yet to be decided as private equity fund prepares to cash in on boxship boom....

Trade Wind News Published 4y-3w-21h-48m ago

Tradewindsnews

Crew 'in good health' as Iran frees South Korean tanker Hankuk Chemi

Vessel sailing to Fujairah following seizure on 4 January over alleged pollution....

Trade Wind News Published 4y-3w-22h-34m ago

Tradewindsnews

Fredriksen tightens grip on Avance Gas through $65m share offer

Shipowner buys half the stock sold to investors following the building of positions in the company by rival VLGC owners....

Trade Wind News Published 4y-3w-22h-37m ago

Tradewindsnews

Kim Heng Oilfield & Marine refocuses on clean energy verticals

Executive chairman Thomas Tan reflections on a transition year targeting renewables....

Trade Wind News Published 4y-3w-22h-39m ago

Tradewindsnews

Blast from the past: the age of wind returns in carbon drive

Wind power at sea harks back to a lost period, but modern high tech sails can be a valuable part of the route to lower carbon emissions....

Trade Wind News Published 4y-3w-23h-25m ago

Tradewindsnews

Maersk resumes spot bookings as Suez Canal congestion improves

Danish liner behemoth says some 50 vessels have been delayed for around a week due to canal blockage....

Trade Wind News Published 4y-3w-1d-2h-10m ago

Tradewindsnews

First LNG cargo due to arrive in Ghana during second quarter

Floating storage unit scheduled to be on site at end of April....

Trade Wind News Published 4y-3w-1d-4h-51m ago

Tradewindsnews

Saltchuk continues Overseas Shipholding shares build amid takeover talk

US west coast investor made another big block purchase in Florida owner....

Trade Wind News Published 4y-3w-1d-11h-22m ago

Tradewindsnews

Iran promises retaliation for ship attack as tensions heighten with Israel

Iranian military spokesman suggest US had a role in the incident, but said a counterattack would only come after an investigation....

Trade Wind News Published 4y-3w-1d-11h-54m ago

Tradewindsnews

China's coal row with Australia won't affect tonne-mile demand, says Bimco

It will be more important to see how tensions between China and Australia unwinds in the future, analysis says....

Trade Wind News Published 4y-3w-1d-12h-47m ago

Tradewindsnews

'Almost too late' for drifting ship — until Smit urged Norway to act

A midnight salvage operation off the Norwegian coast came after Smit and authorities disagreed on the risk of acting and the risk of waiting....

Trade Wind News Published 4y-3w-1d-12h-48m ago

Tradewindsnews

It was 'almost too late' for drifting ship as Smit urged Norway to act

A midnight salvage operation off the Norwegian coast came after Smit and authorities disagreed on the risk of acting and the risk of waiting....

Trade Wind News Published 4y-3w-1d-12h-48m ago

Tradewindsnews

'Almost too late' for drifting ship — while Smit urged Norway to act

A midnight salvage operation off the Norwegian coast came after Smit and authorities disagreed on the risk of acting and the risk of waiting....

Trade Wind News Published 4y-3w-1d-12h-48m ago

Tradewindsnews

FourKites snaps up Haven to create container tracking platform

Takeover allows Chicago firm to integrate Haven amp 39 s container shipping management system with its supply chain tech....

Trade Wind News Published 4y-3w-1d-13h-32m ago

Tradewindsnews

Buana Lintas Lautan strikes three-ship charter deal with Elite Tankship

Period contract sees Kevin Wong led tanker player amp 39 s vessels join Mangish Kakdokar amp 39 s growing company....

Trade Wind News Published 4y-3w-1d-13h-41m ago

Tradewindsnews

CMA CGM launching first liner offering using biomethane

Company investing in biomethane to power 1,400 teu vessels in Baltic trades....

Trade Wind News Published 4y-3w-1d-14h-11m ago

Tradewindsnews

VLGC tonnage supply tightens in 'exceptionally busy' US market

Analysts expect strong May loading programme to continue to bolster rates....

Trade Wind News Published 4y-3w-1d-15h-31m ago

Tradewindsnews

'Tragic loss': renowned arbitrator Emmanuel Gaillard dies aged 69

Colleagues pay tribute to leading French lawyer and advocate of human rights at sea....

Trade Wind News Published 4y-3w-1d-15h-51m ago

Tradewindsnews

Charter coverage and LNG to ring-fence Cosco tanker arm from market downturn

Chinese owner also eyes more COA business for its massive oil tanker fleet....

Trade Wind News Published 4y-3w-1d-17h-12m ago

Tradewindsnews

Transatlantic freight rates surge as container lines cancel sailings

Spillover from booming Asian market impacting on other container trades....

Trade Wind News Published 4y-3w-1d-17h-49m ago

Tradewindsnews

Everfuel supports shipowner on first hydrogen newbuild by 2023

Danish fuel producer keeps details of new zero emission project with German Norwegian interests under wraps for now....

Trade Wind News Published 4y-3w-1d-18h-1m ago

Tradewindsnews

Hafnia sells 2006-built LR1 tanker as fleet renewal continues

Oslo listed product tanker operator disposes of Japanese built vessel for $11.3m....

Trade Wind News Published 4y-3w-1d-18h-13m ago

Tradewindsnews

CMA CGM beats its own cargo record on LNG-fuelled Jacques Saade

French operator claims most number of boxes ever loaded on to a container vessel at 21,433 teu....

Trade Wind News Published 4y-3w-1d-18h-54m ago

Tradewindsnews

2020 Bulkers fixes yet another newcastlemax to Koch on time charter

Majority of shipowner amp 39 s eight vessel fleet is now on long term charter to the commodities giant....

Trade Wind News Published 4y-3w-1d-19h-5m ago

Tradewindsnews

Chartering reboot of accident-prone VLOCs cost Vale $128m

The bill for miner amp 39 s reform of its chartering programme has come in, while a new claim in the Stellar Banner disaster is still uncounted....

Trade Wind News Published 4y-3w-1d-19h-21m ago

Tradewindsnews

Belships buys secondhand ultramax bulker with cash and shares

Chief executive says modern vessel amp 39 s versatile cargo capacity is a good fit for company amp 39 s strategy....

Trade Wind News Published 4y-3w-1d-19h-31m ago

Tradewindsnews

Cosmoship doubles down on VLCCs with another acquisition

Greek outfit emerges behind deal for 19 year old tanker originally in the fleets of AET and a US based lessor....

Trade Wind News Published 4y-3w-1d-19h-54m ago

Tradewindsnews

Dogger Bank SOV deal just the start for ambitious North Star

Scottish shipowner has big financial backing for its push into offshore renewables market....

Trade Wind News Published 4y-3w-1d-20h-13m ago

Tradewindsnews

How North Star 'special sauce' clinched $376m Dogger Bank wind farm newbuild coup

Scottish offshore vessel owner explains how the landmark deal was more than three years in the making....

Trade Wind News Published 4y-3w-1d-20h-13m ago

Tradewindsnews

Pilot LNG teams with Wison Offshore on FLNG unit for bunker port

Chinese shipyard and technology outfit takes a stake in the company as it is awarded FEED contract....

Trade Wind News Published 4y-3w-1d-20h-27m ago

Tradewindsnews

Stolt-Nielsen in earnings miss as it reveals Suez Canal delay cost

Severe winter and competition from product tankers hits profit for chemical carriers....

Trade Wind News Published 4y-3w-1d-20h-35m ago

Tradewindsnews

Socatra continues MR tanker expansion by securing Hyundai Mipo options

Move brings French owner’s spending on product carriers at South Korean yard to more than $146m....

Trade Wind News Published 4y-3w-1d-20h-57m ago

Tradewindsnews

Atlas Corp taking on Seaspan's $80m bond debt in swap offer

Boxship owner amp 39 s parent seeks to boost liquidity and visibility....

Trade Wind News Published 4y-3w-1d-21h-13m ago

Tradewindsnews

Evacuated Amasus Shipping vessel believed to be out of danger

Amasus Shipping has expressed relief after Norwegian coastguard and Smit Salvage brought their abandoned vessel under tow....

Trade Wind News Published 4y-3w-1d-21h-41m ago

Tradewindsnews

New Maersk Tankers-managed MR damaged in smash with Latsis bulker

Incident happened on Wednesday night off the Philippines, leaving tanker with 20 metre gash....

Trade Wind News Published 4y-3w-1d-22h-17m ago

Tradewindsnews

New Maersk Tankers-run MR damaged in smash with Latsis bulker

Incident happened on Wednesday night off the Philippines, leaving tanker with 20 metre gash....

Trade Wind News Published 4y-3w-1d-22h-17m ago

Tradewindsnews

Yangzijiang expands shipbuilding capacity by resurrecting Changbo shipyard

Jiangsu Yangzi Changbo is kicking off its operations by building feeder containership newbuildings for Ruiyang Shipping....

Trade Wind News Published 4y-3w-1d-22h-24m ago

Tradewindsnews

Norwegian Hull Club to return $14.2m to members after strong 2020

Bergen based marine insurance mutual reports profits after amp 39 extraordinary year amp 39 ....

Trade Wind News Published 4y-3w-1d-22h-46m ago

Tradewindsnews

Warning signals over growing danger of false data to shipping

Navigational integrity is under attack from increasingly sophisticated hackers and accidental interference....

Trade Wind News Published 4y-3w-1d-23h-11m ago

Tradewindsnews

Liner patent lawsuits rage as Zim becomes the latest boxship player pulled in

Total patent infringement cases against liner companies reaches six — five of which are active....

Trade Wind News Published 4y-3w-1d-23h-30m ago

Tradewindsnews

Maersk’s ‘sweeper’ boxship returning empty containers to Asia

Boxship’s arrival in Australia said to be a big help in alleviating empty container build up....

Trade Wind News Published 4y-3w-2d-5h-3m ago

Tradewindsnews

Maersk Line’s ‘sweeper’ returning empty containers to Asia

Boxship’s arrival in Australia said to be a big help in alleviating empty container build up....

Trade Wind News Published 4y-3w-2d-5h-3m ago

Tradewindsnews

Cosco eyes China shipyards for $3bn containership spree

Companies are in discussions with Chinese yards about conventionally fuelled vessels....

Trade Wind News Published 4y-3w-2d-5h-18m ago

Tradewindsnews

Italian businessman caught up in US sanctions after mistaken identity

The US sanctioned companies belonging to the wrong Alessandro Bazzoni, who intends to sue....

Trade Wind News Published 4y-3w-2d-5h-49m ago

Tradewindsnews

Fujairah oil company challenges US to provide proof of cargo's Iran origin

Emirate backed oil trading and storage company is seeking to recover the cargo or the proceeds from its sale....

Trade Wind News Published 4y-3w-2d-10h-49m ago

Tradewindsnews

US challenged to provide proof of Iran origin oil by Fujairah oil company

Fujairah amp 39 s backed oil trading and storage company is seeking to recover the cargo or the proceeds from its sale....

Trade Wind News Published 4y-3w-2d-10h-49m ago

Tradewindsnews

Iran confirms cargoship hit with blast in Red Sea

Tehran says the SAviz is a amp 39 civilian ship amp 39 used to combat piracy....

Trade Wind News Published 4y-3w-2d-10h-53m ago

Tradewindsnews

Overseas Shipholding Group selling product tanker in liquidity squeeze

Divestment of 2019 built ship comes amid talks with lenders and dwindling liquidity in pandemic strapped domestic market....

Trade Wind News Published 4y-3w-2d-13h-10m ago

Tradewindsnews

Cruise giant Carnival starts off fiscal year with $2bn loss

Booking volumes are amp 39 accelerating, New York listed Carnival says....

Trade Wind News Published 4y-3w-2d-14h-15m ago

Tradewindsnews

HMM has filled new ultra-large boxships to the brim 36 times out of 37

Packed newbuildings illustrate strength of market as South Korean owner also sells out new 16,000 teu vessel amp 39 s first voyage....

Trade Wind News Published 4y-3w-2d-15h-20m ago

Tradewindsnews

Magnus Fyhr returns to US analyst circles with positive view on tankers

Former Jefferies and Clarksons fixture has been around the business for two decades....

Trade Wind News Published 4y-3w-2d-15h-28m ago

Tradewindsnews

Tech start-up ZeroNorth hires new executive for future growth

Anders Mayntzhusen joins ZeroNorth, a venture backed by Cargill and Maersk Tankers....

Trade Wind News Published 4y-3w-2d-15h-54m ago

Tradewindsnews

Insurance broker Gallagher grows in Norway through Parisco acquisition

Move is intended to help boost presence in the Nordic region and renewable energy market....

Trade Wind News Published 4y-3w-2d-15h-59m ago

Tradewindsnews

US west coast investor continues to build stake in Overseas Shipholding Group

Group has grown ownership to nearly 17% of Florida based US flag operator....

Trade Wind News Published 4y-3w-2d-16h-10m ago

Tradewindsnews

Cara Shipping capesize fixed at lower period rate while major miners support spot market

Vessel fixed slightly below last done period deal, while spot market breaks the $22,000 per day barrier....

Trade Wind News Published 4y-3w-2d-16h-53m ago

Tradewindsnews

First hydrogen-powered cargo vessel to operate in Paris

French group to deploy hydrogen fuel cell system on inland waterway barge later this year in drive to clean up emissions from vessels in European cities....

Trade Wind News Published 4y-3w-2d-17h-3m ago

Tradewindsnews

Salvors unable to board abandoned heavylift ship off Norway's coast

Efforts to save an abandoned heavylift carrier have been put off as it continues to drift towards Norway amp 39 s western coast....

Trade Wind News Published 4y-3w-2d-17h-8m ago

Tradewindsnews

Hapag-Lloyd puts LNG-retrofitted boxship back into service

Neo panamax boxship redeployed as freight market booms but further trials needed before it runs on gas....

Trade Wind News Published 4y-3w-2d-17h-8m ago

Tradewindsnews

Glencore extends $12.7bn of loans but overall debt pile shrinks

Chartering giant wants to keep moving total borrowing towards the lower end of its $10bn to $16bn target range....

Trade Wind News Published 4y-3w-2d-18h-3m ago

Tradewindsnews

Cosco’s box arm expects $2bn profit in first quarter

State backed container giant rides on higher volume and freight rates....

Trade Wind News Published 4y-3w-2d-18h-44m ago

Tradewindsnews

Tanker owners face new normal as Opec+ nets hat-trick of surprises

Shipowners may need to think more like oil traders after major producers began monthly meetings....

Trade Wind News Published 4y-3w-2d-19h ago

Tradewindsnews

Suez Canal Authority seeks private settlement over Ever Given claims

Owner Shoei Kisen declares general average and applies to court to limit its liability....

Trade Wind News Published 4y-3w-2d-19h-27m ago

Tradewindsnews

Navios Maritime Holdings shakes out its sole handysize bulker in rising market

As buying interest for bulkers remains brisk, some Greeks are being tempted to sell their smallest ships....

Trade Wind News Published 4y-3w-2d-19h-36m ago

Tradewindsnews

Vitol reveals more than $1bn in renewables spending as fuel transition continues

Trader preparing first sustainability report as it outlines belief in LNG and wind power....

Trade Wind News Published 4y-3w-2d-20h-15m ago

Tradewindsnews

Greek shipowners pile on tanker newbuildings from Far East yards

Ancora, Pleiades and Chandris reaffirm their confidence in tanker markets by swooping on newbuilding resales or declaring options....

Trade Wind News Published 4y-3w-2d-20h-40m ago

Tradewindsnews

With Cruise on your side, a return to action isn’t Mission Impossible

Clouds still hover over the sector, but lines are showing ingenuity in getting their cruiseships earning again to tackle those mountains of debt....

Trade Wind News Published 4y-3w-2d-20h-41m ago

Tradewindsnews

One seafarer dead and three critical after inhaling ammonia on LPG carrier

Turkish seafarer dies aboard Hamburg DW off Port Klang in Malaysia....

Trade Wind News Published 4y-3w-2d-22h-18m ago

Tradewindsnews

Braemar places bet on former gambling boss Nigel Payne as new chairman

UK shipbroker replaces departing Ron Series as it wraps up reorganisation....

Trade Wind News Published 4y-3w-2d-22h-34m ago

Tradewindsnews

Nigeria's Temile signs up for LPG carrier at Hyundai Mipo

The company is said to have ordered a very high specification ship that runs on conventional fuel....

Trade Wind News Published 4y-3w-2d-23h-26m ago

Tradewindsnews

Sonatrach sale to see first LNG carrier demolition of 2021

Company amp 39 s Hyproc Shipping finally sells the last of its first generation ships to complete fleet renewal efforts....

Trade Wind News Published 4y-3w-2d-23h-30m ago

Tradewindsnews

Nine major liner companies saw operating income triple in 2020

Taiwanese owners among the top performers on back of strong transpacific market, says Alphaliner....

Trade Wind News Published 4y-3w-3d-1h-15m ago

Tradewindsnews

Singapore bunker supplier Inter-Pacific Petroleum to be liquidated

Authorities name court appointed supervisor as liquidator for Hong Kong controlled company....

Trade Wind News Published 4y-3w-3d-3h-39m ago

Tradewindsnews

Norway's coastguard watches as heavylift MPP drifts toward land

Norwegian authorities hope salvors can stop an abandoned ship short of the rocky coast after the loss of deck cargo eased its severe list....

Trade Wind News Published 4y-3w-3d-8h-24m ago

Tradewindsnews

Coastguard watch as MPP drifts toward land

Norwegian authorities hope salvors can stop an abandoned ship short of the rocky coast after the loss of deck cargo eased its severe list....

Trade Wind News Published 4y-3w-3d-8h-24m ago

Tradewindsnews

Teo family members depart as Temasek puts its stamp on PIL

New owners of Singapore boxship operator appoint their own men to the board of directors as the company says it is ‘moving forward’....

Trade Wind News Published 4y-3w-3d-8h-27m ago

Tradewindsnews

Iranian cargoship allegedly used by military suffers attack

The attack comes as the US and Iran are set for indirect talks over the aborted 2015 nuclear deal....

Trade Wind News Published 4y-3w-3d-10h-58m ago

Tradewindsnews

Iranian cargo ship allegedly used by military attacked

The attack comes as the US and Iran are set for indirect talks over the aborted 2015 nuclear deal....

Trade Wind News Published 4y-3w-3d-10h-58m ago

Tradewindsnews

Symphony Shipping revives project carrier order at Ferus Smit shipyard

Dutch owner presses ahead with contract for new generation of project carriers....

Trade Wind News Published 4y-3w-3d-12h-27m ago

Tradewindsnews

Grimaldi fulfils Brexit pledge and pulls ships from UK register

Italian owner opts for Malta flag for ten ACL conros....

Trade Wind News Published 4y-3w-3d-12h-46m ago

Tradewindsnews

Sales of two older shuttle tankers lifts KNOT to annual profit

Tanker owner focused on providing modern tankers receives lift from sales....

Trade Wind News Published 4y-3w-3d-13h-28m ago

Tradewindsnews

Norwegian Cruise Line to start sailing in July despite US limits

Cruise industry is urging US government to lift conditional sailing order for ships in US waters....

Trade Wind News Published 4y-3w-3d-13h-35m ago

Tradewindsnews

Kristian Sorensen welcomed to Avance Gas with stock options worth $4.13m

New chief executive took up his post on 1 April and will be rewarded if the share price rises....

Trade Wind News Published 4y-3w-3d-14h-6m ago

Tradewindsnews

Stolt Tankers launches biofuel trial in collaboration with GoodFuels

Tanker operator becomes the latest to test how biofuels can help decarbonise shipping....

Trade Wind News Published 4y-3w-3d-14h-51m ago

Tradewindsnews

Tugs deployed as aframax tanker runs aground in Suez Canal

Vessel in ballast reported to have been refloated on Tuesday as minor delays experienced with northbound convoy....

Trade Wind News Published 4y-3w-3d-15h-28m ago

Tradewindsnews

NYK Line adds $363m to profit forecast amid boxship bonanza

Japanese owner amp 39 s share of container line ONE has caused huge rethink on earnings....

Trade Wind News Published 4y-3w-3d-16h-35m ago

Tradewindsnews

Mount Street-owned product tanker faces uncertain future after arrest

Investment manager faced with decision whether to settle claims filed against its ship....

Trade Wind News Published 4y-3w-3d-16h-39m ago

Tradewindsnews

Windstar Cruises' Belinda Bennett: 'I refused to be broken'

The cruise industry amp 39 s first female black captain says she had to work twice as hard as the men to get where she is....

Trade Wind News Published 4y-3w-3d-17h-2m ago

Tradewindsnews

Modec CEO quits on health grounds as Petrobras bars shipowner from FPSO tenders

Japanese FPSO owner shakes up management as Takeshi Kanamori promoted....

Trade Wind News Published 4y-3w-3d-17h-3m ago

Tradewindsnews

Smit Salvage to rescue drifting heavylift ship off Norway

Fresh from refloating the Ever Given in the Suez Canal, Dutch salvage company attempts to salvage abandoned vessel....

Trade Wind News Published 4y-3w-3d-17h-10m ago

Tradewindsnews

Sberbank pursues Mubariz Mansimov's Palmali over $194m loan debt in Malta

Judge clears legal action by Russian lender against tanker owner amp 39 s subsidiaries....

Trade Wind News Published 4y-3w-3d-19h-43m ago

Tradewindsnews

Greek capesize caught up in US drug seizure worth $1m

No arrests are made after authorities find no involvement of management and crew....

Trade Wind News Published 4y-3w-3d-20h-5m ago

Tradewindsnews

ShippingLab sets up project to test and validate green fuels

Platform will help producers develop sustainable maritime fuels that can be traded in large volumes....

Trade Wind News Published 4y-3w-3d-20h-14m ago

Tradewindsnews

Transtejo goes electric with $100m spend on 10-ship fleet renewal at Gondan

Portuguese operator going ahead with deal for electric ferries in Spain....

Trade Wind News Published 4y-3w-3d-20h-19m ago

Tradewindsnews

Oldendorff Carriers orders new ultramaxes and snaps up post-panamax duo

German group continues fleet expansion by returning to Dacks in China, while also dipping into sale and purchase arena....

Trade Wind News Published 4y-3w-3d-20h-35m ago

Tradewindsnews

Gallagher predicts lower rate rises for cargo insurance market

Marine insurance broker believes improved performance by cargo underwriters will limit further increases....

Trade Wind News Published 4y-3w-3d-20h-45m ago

Tradewindsnews

BW LNG scoops First Gen's Philippines FSRU job

Company wins race to provide first floating regasification unit for gas hungry South East Asian nation....

Trade Wind News Published 4y-3w-3d-20h-52m ago

Tradewindsnews

Andreas Sohmen-Pao to chair Cadeler as BW set to build stake

Singapore shipping group to tighten grip on wind turbine vessel company in deal with Swire....

Trade Wind News Published 4y-3w-3d-22h-6m ago

Tradewindsnews

North Star picks Vard to build $376m SOV trio

Norwegian group amp 39 s Vietnamese shipyard to hand over ships in 2023 after Scottish group won Equinor tender....

Trade Wind News Published 4y-3w-3d-22h-55m ago

Tradewindsnews

Shake-up in Copenhagen as 'green' commercial platform launches from BW Dry

New platform is backed by BW Group and Weco Shipping and aims to help charterers find amp 39 greener amp 39 tonnage....

Trade Wind News Published 4y-3w-3d-23h-1m ago

Tradewindsnews

Consultant Wavespec plans to spread its wings under new ownership

LNG shipping focused consultant has plans to expand into renewables and other energy transition areas....

Trade Wind News Published 4y-3w-3d-23h-27m ago

Tradewindsnews

Sea Consortium returns to Zhoushan Changhong with $175m boxship order

Feeder container operator orders up to five panamaxes....

Trade Wind News Published 4y-3w-4d-17m ago

Tradewindsnews

Crew abandon Dutch heavylift cargo ship in danger of capsizing off Norway

Dramatic rescue leaves vessel laden with workboats and yacht abandoned and adrift....

Trade Wind News Published 4y-3w-4d-1h-17m ago

Tradewindsnews

Crew abandon Dutch heavy-lift cargo ship in danger of capsizing off Norway

Dramatic rescue leaves vessel laden with yachts and workboats abandoned and adrift in the Norwegian Sea....

Trade Wind News Published 4y-3w-4d-1h-17m ago

Tradewindsnews

Straits Orient Lines adds Asiatic Lloyd feeder boxship to expanding fleet

Singapore based container operator says it is interested in more vessel purchases if the right deal comes along....

Trade Wind News Published 4y-3w-4d-3h-4m ago

Tradewindsnews

Malaysia’s 'Operation Jangkar Haram' targets illegally anchored ships

Maritime authorities reported to have detained over 30 ships in first few days since policy was introduced....

Trade Wind News Published 4y-3w-4d-4h-12m ago

Tradewindsnews

More VLECs take Eastern Pacific orderbook to $4.7bn

Singapore owner signs up for two extra ethane carriers at HHI....

Trade Wind News Published 4y-3w-4d-4h-53m ago

Tradewindsnews

Diamond S Shipping to pay Marinakis up to $34m to end management

WL Ross amp Co and Capital Maritime are both throwing their weight behind International Seaways acquisition....

Trade Wind News Published 4y-3w-4d-5h-32m ago

Tradewindsnews

Harris Antoniou returns to shipping with leasing start-up backed by Latsis family

Company seeks to fill funding gap created by retreat of traditional financiers and decarbonisation initiative....

Trade Wind News Published 4y-3w-4d-10h-46m ago

Tradewindsnews

Antoniou returns to shipping with leasing startup backed by Latsis family

Company seeks to fill funding gap created by retreat of traditional financiers and decarbonisation initiative....

Trade Wind News Published 4y-3w-4d-10h-46m ago

Tradewindsnews

Seaspan continues buying spree with two boxships with charters attached

Containership owner has put deals in place to acquire a total of 41 boxships since December....

Trade Wind News Published 4y-3w-4d-13h-33m ago

Tradewindsnews

Seaspan continues buying spree with two small boxships with charters attached

Containership owner has put deals in place to acquire a total of 41 boxships since December last year....

Trade Wind News Published 4y-3w-4d-13h-33m ago

Tradewindsnews

Shipping's 'record' first quarter sees US-listed stocks up 40%

Operator sectors with firming rates saw huge gains, but one trough market trade also lured investors....

Trade Wind News Published 4y-3w-4d-14h-19m ago

Tradewindsnews

Appeals court sides with Gourdomichalis brothers in Adamastos legal battle

Ninth Circuit Court of Appeals upholds ruling blocking Pacific Gulf Shipping from enforcing an $18.5m arbitration award....

Trade Wind News Published 4y-3w-4d-15h-37m ago

Tradewindsnews

Opec+ Easter egg: Confidence in oil demand recovery bolsters VLCC outlook

Analysts believe Opec and Russia led producers could hike production further after surprise output bump....

Trade Wind News Published 4y-3w-4d-16h-35m ago

Tradewindsnews

‘Eco-revolution’ tipped to drive up newbuilding prices by 20%

Resilient shipyards poised to benefit from increased demand and scrapping, says BRS....

Trade Wind News Published 4y-3w-4d-16h-45m ago

Tradewindsnews

Melanated Mariners shines light on black contribution to shipping

Buki Hough of Canada’s Seaspan wants to highlight black men and women in North America’s marine industries....

Trade Wind News Published 4y-3w-4d-16h-46m ago

Tradewindsnews

Excelerate Energy stretches its legs and ventures downstream

US regas specialist beefs up in Asia, while eyeing small scale business and bunkering opportunities....

Trade Wind News Published 4y-3w-4d-16h-47m ago

Tradewindsnews

GasLog FSRU boosts regional trade hub role with Balkan partner

North Macedonian companies pledge to buy equity and natural gas from Greek offshore project....

Trade Wind News Published 4y-3w-4d-19h-15m ago

Tradewindsnews

Novatek calls on owners as it starts fresh hunt for LNG newbuildings

Russian gas company taps market for low ice class notation sextet after securing raft of Arc7 ships for Arctic LNG 2....

Trade Wind News Published 4y-3w-4d-19h-44m ago

Tradewindsnews

Erdogan’s Istanbul Canal plan sparks political controversy as Turkey detains critics

Retired Turkish admirals held over warning that project could undermine free passage of ships through the Bosphorus....

Trade Wind News Published 4y-3w-4d-20h-53m ago

Tradewindsnews

Crew manager Elvictor targets expansion and a main-board stock listing

The world amp 39 s first crewing company to go public wants to make transparency a main selling point for investors and shipowners....

Trade Wind News Published 4y-3w-4d-21h-46m ago

Tradewindsnews

Tanker owner Carl Buettner targets post-pandemic growth

Thorsten Mackenthun explains why rolling out the vaccine is essential for health of tanker industry....

Trade Wind News Published 4y-3w-4d-23h-13m ago

Tradewindsnews

Small-scale Philippines LNG project launches ship search

Samat LNG plans mid 2022 start up of imports into new onshore facility....

Trade Wind News Published 4y-3w-4d-23h-27m ago

Tradewindsnews

MSC firms up $1.63bn orders for 13 containerships at CSSC yards

Swiss operator amp 39 s order split between Dalian Shipbuilding and Guangzhou Shipyard International....

Trade Wind News Published 4y-3w-5d-22m ago

Tradewindsnews

MSC firms up 13 LNG-ready containership newbuildings at CSSC yards in China

Swiss operator amp 39 s order worth $1.63bn split between Dalian Shipbuilding and Guangzhou Shipyard International....

Trade Wind News Published 4y-3w-5d-22m ago

Tradewindsnews

Recycling interests emerge as auction buyers of Hong Kong’s last casino cruiseship

Demolition buyers said to have secured 1976 built ship with winning bid of $2.49m....

Trade Wind News Published 4y-3w-5d-1h-11m ago

Tradewindsnews

Demo buyers emerge as auction buyers of Hong Kong’s last casino cruiseship

Demolition buyers emerge as auction buyers of Hong Kong’s last casino cruiseship....

Trade Wind News Published 4y-3w-5d-1h-11m ago

Tradewindsnews

Suez Canal expects to be 'back to normal' from Monday morning

A total of 446 ships said to have passed through waterway since grounded containership refloated....

Trade Wind News Published 4y-3w-5d-3h-6m ago

Tradewindsnews

SDTR Marine draws up plans for new eco-fleet to get ahead of carbon rules

Singapore shipowner says 2020 was one of the better years for earnings, despite the Covid 19 outbreak....

Trade Wind News Published 4y-3w-5d-3h-59m ago

Tradewindsnews

Eagle Bulk puts first debt on ships newly-acquired from Scorpio

Connecticut owner had tipped plans to apply leverage on latest buys....

Trade Wind News Published 4y-4w-13h-44m ago

Tradewindsnews

Major investor tips its view of International Seaways-Diamond S merger

Longtime Seaways supporter Cyrus Capital is acquirer amp 39 s largest shareholder....

Trade Wind News Published 4y-4w-15h-9m ago

Tradewindsnews

Somalia election seen as key to keeping pirates off the water

Maritime security expert Peter Astbury explains why a new shadow is hovering over a previously dangerous corner of East Africa....

Trade Wind News Published 4y-4w-16h-34m ago

Tradewindsnews

Standard Club expert tackles P&I’s $1.8bn pilot problem

John Dolan says Covid and seafarer stress could be having an impact....

Trade Wind News Published 4y-4w-18h-35m ago

Tradewindsnews

Mozambique’s Islamist uprising — how worried should shipping be?

Senior negotiator says there is no specific threat to maritime trade, but the situation could change quickly....

Trade Wind News Published 4y-4w-19h-15m ago

Tradewindsnews

Belgian shipowner CMB opts for flex-fuel boxship six-pack at Chinese yard

Saverys family lifts orderbook at China amp 39 s Qingdao Yangfan Shipbuilding to six vessels....

Trade Wind News Published 4y-4w-19h-16m ago

Tradewindsnews

Ruiyang Shipping orders six 2,500-teu containerships at Zhoushan Changhong

Second newbuilding contract placed by the Chinese feeder liner company this year....

Trade Wind News Published 4y-4w-20h-58m ago

Tradewindsnews

Japan's MOL set for $1bn profit driven by record boxship market for ONE

Japanese owner says it has been prompted to revise forecast after ONE “significantly exceeded” its earlier projections....

Trade Wind News Published 4y-4w-21h-53m ago

Tradewindsnews

Royal Caribbean extends Singapore cruises to nowhere program

US cruise giant says more than 50,000 people have sailed on the Quantum of the Seas since December....

Trade Wind News Published 4y-4w-1d-2h-2m ago

Tradewindsnews

Royal Caribbean extends Singapore cruises to nowhere programme

US cruise giant says more than 50,000 people have sailed on the Quantum of the Seas since December....

Trade Wind News Published 4y-4w-1d-2h-2m ago

Tradewindsnews

Hyundai yards book newbuilding deals worth $502m

Japan amp 39 s Eneos Ocean believed to be the buyer of the two dual fuel VLGC newbuildings at HHI....

Trade Wind News Published 4y-4w-1d-2h-51m ago

Tradewindsnews

Eneos leads gas and tanker newbuilding deals at Hyundai yards worth $502m

Japan amp 39 s Eneos Ocean believed to be the buyer of the two dual fuel VLGC newbuildings at HHI....

Trade Wind News Published 4y-4w-1d-2h-51m ago

Tradewindsnews

Ocean Longevity eschews LNG in capesize duo order at Namura

Hong Kong shipowner remains uncertain about LNG fuel supply but thinks vessel supply and economic growth make it a good time to contract capesizes....

Trade Wind News Published 4y-4w-1d-4h-19m ago

Tradewindsnews

Ocean Longevity sticks to 'old style' fuel in capesize duo order at Namura

Hong Kong shipowner remains uncertain about LNG fuel supply but thinks vessel supply and economic growth make it a good time to contract capesizes....

Trade Wind News Published 4y-4w-1d-4h-19m ago

Tradewindsnews

Navios Maritime Partners closes out containerships acquisition

Navios Maritime Containers has stopped trading on Nasdaq following acquisition....

Trade Wind News Published 4y-4w-1d-9h-11m ago

Tradewindsnews

Opec+ defies market expectations again, but tanker owners will benefit this time

VLCC demand is to recover as major owners will hike crude production from May....

Trade Wind News Published 4y-4w-1d-10h-29m ago

Tradewindsnews

Scorpio Group launching aframax pool on base of Premuda additions

Operation will seek to build off base of chartered in tonnage....

Trade Wind News Published 4y-4w-1d-13h-32m ago

Tradewindsnews

Stephenson Harwood poaches lawyer Kirsty MacHardy from CJC

Dry bulk specialist has a successful track record of representing big clients and in big cases....

Trade Wind News Published 4y-4w-1d-13h-42m ago

Tradewindsnews

Suez Canal Authority threatens $1bn claim for Ever Given losses

Egypt shows its hand in opening gambit over compensation for the containership grounding....

Trade Wind News Published 4y-4w-1d-14h-12m ago

Tradewindsnews

Evergreen Marine sees ‘very low’ risk exposure to Suez Canal blockage

Taiwanese line says it is not responsible for cargo delays due to a carrier’s exception....

Trade Wind News Published 4y-4w-1d-15h-20m ago

Tradewindsnews

Expanding Castor finishes 2020 in the red but upbeat

Cypriot owner has added eight ships since the turn of the year....

Trade Wind News Published 4y-4w-1d-16h-16m ago

Tradewindsnews

Shipping profit cut and loan losses rise at Hamburg Commercial Bank

But privatised German lender says it coped well with volatile 2020....

Trade Wind News Published 4y-4w-1d-16h-57m ago

Tradewindsnews

SSY's London S&P head Dominic Parker leaves after 21 years

Mystery surrounds sudden exit of broker who had joined company as a trainee....

Trade Wind News Published 4y-4w-1d-18h-27m ago

Tradewindsnews

Storylines to build residential cruiseship in Croatia

Brodosplit to start cutting steel on the Narrative that will travel the world with permanent guests....

Trade Wind News Published 4y-4w-1d-18h-47m ago

Tradewindsnews

NYK Line seals $804m sustainability loans from Japanese banks

Japanese major taps into liquidity from a banking group led by SMBC and MUFG....

Trade Wind News Published 4y-4w-1d-18h-52m ago

Tradewindsnews

Eletson hit by more tanker arrests as Chinese lessor problems widen

China amp 39 s CSIC Leasing wins detention of three panamaxes to enforce re delivery....

Trade Wind News Published 4y-4w-1d-19h-33m ago

Tradewindsnews

Gulf Marine plots $75m equity raise after shaving 2% off loan coupons

Middle East liftboat company cuts finance costs through to the end of 2022....

Trade Wind News Published 4y-4w-1d-19h-40m ago

Tradewindsnews

Shipping hit as US and UK blacklist Myanmar's military-backed conglomerates

Myanma Five Star Line is a small shipowner allegedly controlled by the country amp 39 s military....

Trade Wind News Published 4y-4w-1d-19h-46m ago

Tradewindsnews

Eta Shipping's $100m 'modular' newbuildings target zero emissions

A modular approach to zero carbon shipping is behind newcomer Eta Shipping amp 39 s €84m $100m plan for six shortsea cargoships....

Trade Wind News Published 4y-4w-1d-20h-56m ago

Tradewindsnews

Iver Shovel? Guardian tries to fool the world with report of second Suez Canal

UK news group reports on UN plan to build waterway along Israeli border — on April Fool amp 39 s Day....

Trade Wind News Published 4y-4w-1d-21h-41m ago

Tradewindsnews

Suez Canal spotlight turns to safety as insurers count the cost of Ever Given grounding

Experts expect ‘considerable but not seismic’ claims from six day drama....

Trade Wind News Published 4y-4w-1d-22h-2m ago

Tradewindsnews

NTSB blames K Line LPG carrier's speed for 2019 crash and spill

A trial was held in the ensuing legal battle in early February....

Trade Wind News Published 4y-4w-1d-22h-28m ago

Tradewindsnews

Braemar exits engineering sector with disposal of gas consultancy Wavespec

UK group to continue refocusing on shipbroking after finding buyer for non core LNG and LPG business....

Trade Wind News Published 4y-4w-1d-22h-39m ago

Tradewindsnews

Bondholders take over last Polarcus ship and buy Fugro's seismic business

New company formed to take over remaining seismic vessel chartered to Sovcomflot, with further expansion underway....

Trade Wind News Published 4y-4w-1d-22h-43m ago

Tradewindsnews

As Suez Canal blockage eases, legal and insurance disputes can begin

Experts see potential ramifications for charter parties, owner and operator of Ever Given....

Trade Wind News Published 4y-4w-1d-22h-59m ago

Tradewindsnews

New MOL chief executive Hashimoto plans for post Covid-19 world

Company veteran said he expects the drastic changes seen during the pandemic to continue over the next decade....

Trade Wind News Published 4y-4w-1d-23h-26m ago

Tradewindsnews

Meriaura aims for carbon-neutral voyages with biofuel and battery ship

Finnish group also looking at automation of cargo handling and more digital processes....

Trade Wind News Published 4y-4w-1d-23h-34m ago

Tradewindsnews

Cido Shipping adds dual-fuel VLGC newbuildings to its growing orderbook

Latest order lifts company’s total spend at Hyundai Heavy Industries to nearly $840m....

Trade Wind News Published 4y-1mo-1h-12m ago

Tradewindsnews

Seaboard Marine arrests Dauelsberg-managed boxship over 2017 charter dispute

Singapore arrest came just weeks after brokers reported the vessel was in the process of being sold to MSC....

Trade Wind News Published 4y-1mo-1h-18m ago

Tradewindsnews

Seaboard Marine arrests Herm Dauelsberg-managed boxship over 2017 charter dispute

Singapore arrest came just weeks after brokers reported the vessel was in the process of being sold to MSC....

Trade Wind News Published 4y-1mo-1h-18m ago

Tradewindsnews

Suez Canal incident highlights Shoei Kisen’s boxship ambitions

Private Japanese shipowner is growing into a boxship giant, along with parent company Imabari Shipbuilding....

Trade Wind News Published 4y-1mo-4h-21m ago

Tradewindsnews

Maersk looks to tap growing Vietnam trade with new transpacific service

Danish container line’s US unit says new offering will shave up to a week off some transit times....

Trade Wind News Published 4y-1mo-4h-21m ago

Tradewindsnews

Intercargo warns on 'vaccination lottery' for bulker crews

A hidden but amp 39 very real crisis amp 39 has been unfolding while the eyes of the world have been on the Suez Canal, chairman said....

Trade Wind News Published 4y-1mo-6h-16m ago

Tradewindsnews

Suez Canal slowly recovers following longest closure since Six-Day War

Tanker markets have taken a slight hit from the disruption, as have long term container rates....

Trade Wind News Published 4y-1mo-13h-31m ago

Tradewindsnews

Analyst asks whether rival is lurking with a bid for Diamond S Shipping.

Stifel amp 39 s Ben Nolan raises prospect of a cash buyer waiting in the weeds....

Trade Wind News Published 4y-1mo-13h-52m ago

Tradewindsnews

Analyst asks whether rival is lurking with a bid for Diamond S Shipping

Stifel amp 39 s Ben Nolan raises prospect of a cash buyer waiting in the weeds....

Trade Wind News Published 4y-1mo-13h-52m ago

Tradewindsnews

Braemar prepares to launch FFA trading screen for dry markets

Shipbroker cedes to market pressure to establish trading portal for dry freight derivatives....

Trade Wind News Published 4y-1mo-14h-26m ago

Tradewindsnews

Maruklav 2.0: Klaveness-Marubeni pool lets shipowners switch between floating and fixed rates

Joint panamax bulker operation expands services with new flexible arrangement for charter cover....

Trade Wind News Published 4y-1mo-15h-45m ago

Tradewindsnews

Seaspan's $1.38bn containership splash marks first orders at CSSC shipyards

Hudong Zhonghua and Jiangnan Shipyard to build three 15,500 teu boxships each for the containership owner....

Trade Wind News Published 4y-1mo-16h-3m ago

Tradewindsnews

Iino makes huge $26m profit on VLGC sale as rates jump 55% in a week

Japanese owner reported to have sold gas carrier to Ravi Mehrotra amp 39 s Foresight as market rebounds further....

Trade Wind News Published 4y-1mo-16h-37m ago

Tradewindsnews

UK warns over anchor failures among laid-up cruiseship fleet

Accident investigator MAIB says it is aware of several incidents as year long idling increases wear on equipment....

Trade Wind News Published 4y-1mo-16h-50m ago

Tradewindsnews

International Seaways-Diamond S deal was more than a year in making

Tanker veteran Lois Zabrocky says products swoop was amp 39 like coming home to a core competence amp 39 ....

Trade Wind News Published 4y-1mo-16h-56m ago

Tradewindsnews

Market-based measures gain supporters in drive to cut shipping emissions

Ideas are being developed for levies, taxes and carbon trading to incentivise decarbonisation....

Trade Wind News Published 4y-1mo-17h-20m ago

Tradewindsnews

Marshall Islands on climate front line as nation clings to existence

Ambassador of the Pacific island state — home to one of the largest ship registers — explains why he wants to tax shipowners and the need for the IMO to get tougher on climate change policy....

Trade Wind News Published 4y-1mo-17h-20m ago

Tradewindsnews

Asuka breaks cruiseship sector's order hiatus in deal with Meyer Werft

NYK Line backed venture books first major cruiseship order since the market was devastated by the pandemic....

Trade Wind News Published 4y-1mo-18h-1m ago

Tradewindsnews

Major charterers pick up LR2 and aframax tonnage on period deals as spot rates rise

Aegean Shipping wins coverage for all of its newbuildings under construction in China....

Trade Wind News Published 4y-1mo-18h-34m ago

Tradewindsnews

International Seaways doubles value with $2bn Diamond S mega-merger

US tanker owner says all share move for rival makes combined company the second biggest US listed tanker owner by vessel count....

Trade Wind News Published 4y-1mo-18h-50m ago

Tradewindsnews

K Line raises profit forecast by $226m as boxships boom

Japanese owner expects more money to come rolling in from Ocean Network Express joint venture....

Trade Wind News Published 4y-1mo-19h-54m ago

Tradewindsnews

Overseas Marine locks horns with charterer in arbitration fight over bulker fixture

Delays and disputes during a routine charter have led to a claim for lost contracts....

Trade Wind News Published 4y-1mo-20h ago

Tradewindsnews

‘The work really starts now’ for lines and ports as Egypt clears Suez backlog

Convoy of mega ships converging on Europe will mean congestion and blank sailings....

Trade Wind News Published 4y-1mo-20h-29m ago

Tradewindsnews

Petredec lifts stake in Avance Gas beyond 10% with latest share deal

UK LPG carrier owner consolidates position as second biggest investor in Fredriksen controlled rival....

Trade Wind News Published 4y-1mo-20h-42m ago

Tradewindsnews

Centrofin and Aegean Shipping boost tanker orders in the Far East

Greek players firm up options on suezmax and aframax orders in sign of optimism on tanker prospects....

Trade Wind News Published 4y-1mo-20h-50m ago

Tradewindsnews

Andi Case waives 20% of bonus as overall pay drops to $4.3m

Finance chief Jeff Woyda also donates part of bonus to general staff pool after amp 39 outstanding amp 39 2020....

Trade Wind News Published 4y-1mo-21h-7m ago

Tradewindsnews

Nova Marine cashes in on handysize bulkers amid flurry of S&P deals

Small, versatile bulkers continue to attract plenty of buying interest, particularly from Greece....

Trade Wind News Published 4y-1mo-21h-37m ago

Tradewindsnews

Suez crisis is over, but questions over supply chains won’t go away

Ever Given grounding has cast a spotlight on the wisdom of global, just in time operations....

Trade Wind News Published 4y-1mo-22h-2m ago

Tradewindsnews

CMA CGM poised to sign $1.74bn deal for 12 LNG-fuelled boxship newbuildings

China amp 39 s state owned Hudong Zhonghua Shipbuilding and Jiangnan Shipyard split deal for neo panamax boxships....

Trade Wind News Published 4y-1mo-22h-35m ago

Tradewindsnews

PIL's Teo promises 'reinvention' after sealing $750m refinancing

Singapore owner will continue to improve operations and cut debt following cash injection....

Trade Wind News Published 4y-1mo-22h-48m ago

Tradewindsnews

Moby Group to sell five ships as part of newly proposed restructuring plan

Italian ferry operator’s proposal calls for the disposal of assets and a cash injection from owner Vincenzo Onorato....

Trade Wind News Published 4y-1mo-23h-24m ago

Tradewindsnews

Turkey's PascoGas books first newbuilding with gas carrier order at Hyundai Mipo

Shipowner ties move for LPG fuelled vessel at South Korean yard to ESG policy....

Trade Wind News Published 4y-1mo-23h-32m ago

Tradewindsnews

Maersk suspends some short-term bookings due to Suez Canal backlog

Move comes as broker Eastport says Singapore bunker prices could rise as more ships look to reroute around Africa....

Trade Wind News Published 4y-1mo-1d-53m ago

Tradewindsnews

Officials reject Australian FSRU-based LNG terminal on environmental grounds

Project had agreed to charter Hoegh LNG unit for 10 years, but fixture now looks uncertain....

Trade Wind News Published 4y-1mo-1d-2h-19m ago

Tradewindsnews

Australian LNG FSRU import terminal rejected on environmental grounds

Project had agreed to charter Hoegh LNG unit for 10 years, but fixture now looks uncertain....

Trade Wind News Published 4y-1mo-1d-2h-19m ago

Tradewindsnews

International Seaways acquiring Diamond S Shipping in mega-deal

A longstanding pursuit finally bears fruit after Connecticut owner amp 39 s ill fated combination with Capital Product Partners....

Trade Wind News Published 4y-1mo-1d-4h-59m ago

Tradewindsnews

Pyxis Tankers seals refinancing deal with Alpha Bank for modern MR

Valentinos Valentis led pure play product tanker player expands relationship with Greece’s Alpha Bank....

Trade Wind News Published 4y-1mo-1d-5h-59m ago

Tradewindsnews

Pyxis Tankers seals refinancing for modern MR

Valentios Valentis led pure play product tanker expands relationship with Greece’s Alpha Bank....

Trade Wind News Published 4y-1mo-1d-5h-59m ago

Tradewindsnews

Crowley sees lucrative, long-term opportunity in wind

Offshore wind and other green trends a amp 39 long term strategic play amp 39 , executive says....

Trade Wind News Published 4y-1mo-1d-8h-44m ago

Tradewindsnews

Grindrod moves three tankers as it exits segment

The Singaporean owner has one tanker left, on bareboat charter until next year....

Trade Wind News Published 4y-1mo-1d-8h-52m ago

Tradewindsnews

Ridgebury's Burke passes on bulkers and wind but is curious about Spacs

Chief executive identifies a major issue with the blank cheque companies for shipping: net asset value....

Trade Wind News Published 4y-1mo-1d-11h-6m ago

Tradewindsnews

Ridgebury's Burke passes on bulkers and wind, curious about Spacs

He identified a major issue with the blank cheque companies for shipping: net asset value....

Trade Wind News Published 4y-1mo-1d-11h-6m ago

Tradewindsnews

Star Bulk Carriers dividend likely to make a comeback this year

Greek owner also tipped to save $100m on fuel through massive scrubber programme....

Trade Wind News Published 4y-1mo-1d-11h-38m ago

Tradewindsnews

Xihe Group tanker duo heads to Greece

Spring Marine widens MR tanker footprint, acquiring units sold under judicial management in Singapore....

Trade Wind News Published 4y-1mo-1d-12h-9m ago

Tradewindsnews

Xihe Group product tanker duo heads to low-profile Greek buyer

Spring Marine widens MR tanker footprint, acquiring ships sold under judicial management in Singapore....

Trade Wind News Published 4y-1mo-1d-12h-9m ago

Tradewindsnews

LR3s suffer ‘slow painful death’, despite favourable refining landscape, analysts say

Going large doesn amp 39 t make sense for product tanker owners, as good trading opportunities are few, Alphatanker argues....

Trade Wind News Published 4y-1mo-1d-12h-37m ago

Tradewindsnews

Tanker owners still need investment, Euronav's de Stoop says

Investors may not be drawn to tankers, but that could be make the energy transition more difficult, he said....

Trade Wind News Published 4y-1mo-1d-13h-13m ago

Tradewindsnews

Odfjell family takes over Oceanteam as it focuses on wind power

Investment company Farvatn buys Dutch offshore vessel owner to merge it with cable contractor Passer Group....

Trade Wind News Published 4y-1mo-1d-14h-1m ago

Tradewindsnews

Seaspan back for six more neo-panamax boxship newbuildings

Tonnage provider takes newbuilding tally to 37 containerships....

Trade Wind News Published 4y-1mo-1d-14h-46m ago

Tradewindsnews

Seanergy Maritime boosts fleet with fourth capesize buy this year

US listed player emerges victorious in bidding war for coveted Japanese built vessel....

Trade Wind News Published 4y-1mo-1d-15h-3m ago

Tradewindsnews

'Exponential growth': Cryo Shipping moves into Asia with new LNG bunkering hub

Norwegian supplier spreads its wings with spot focus on Singapore, owner Nicholai Olsen tells TradeWinds....

Trade Wind News Published 4y-1mo-1d-15h-20m ago

Tradewindsnews

Ultrabulk trims core bulker fleet but hopeful of profit rebound in 2021

Danish owner bullish on dry cargo prospects after logging loss for 2020....

Trade Wind News Published 4y-1mo-1d-15h-37m ago

Tradewindsnews

Gunvor ditching non-eco ships by end of 2021 as green drive continues

Owned fleet to be transformed this year, while 75% of chartered tonnage must be green....

Trade Wind News Published 4y-1mo-1d-17h-33m ago

Tradewindsnews

Sinokor doubles its money in profitable boxship asset play

South Korean shipowner has sold at least one ship amid rising values and is linked to a second....

Trade Wind News Published 4y-1mo-1d-17h-41m ago

Tradewindsnews

Oshima Shipbuilding acquires Mitsubishi’s Koyagi shipyard

Japan’s largest bulker shipbuilder has just got even bigger with the addition of a new facility....

Trade Wind News Published 4y-1mo-1d-18h-6m ago

Tradewindsnews

ITF warns shipowners could delay crew changes after Suez Canal turmoil

Union says some companies may seek to recoup costs of diverting around Cape of Good Hope....

Trade Wind News Published 4y-1mo-1d-18h-28m ago

Tradewindsnews

'Tighter' pricing of $357m Hapag-Lloyd bond reflects strong boxship investor interest

Analysts say demand for sustainability linked debt issue lowered coupon to 2.5%....

Trade Wind News Published 4y-1mo-1d-18h-36m ago

Tradewindsnews

Transocean builds tanker presence with purchase of MR

Monaco based shipowner buys another Japanese controlled MR tanker....

Trade Wind News Published 4y-1mo-1d-18h-58m ago

Tradewindsnews

Navigare and Mosvolds launch plans for new zero-emission bulker fleet

Faroese and Norwegian owners join Amon Maritime in talks with yards for shortsea ships due from 2024....

Trade Wind News Published 4y-1mo-1d-19h-15m ago

Tradewindsnews

Maersk beefs up executive board with technology chief Navneet Kapoor

Move recognises importance of technology in transforming giant Danish shipping group....

Trade Wind News Published 4y-1mo-1d-19h-21m ago

Tradewindsnews

Vintage VLCCs fetch strong prices in demolition and secondhand markets

Owners take advantage of firm steel prices and optimism towards assets....

Trade Wind News Published 4y-1mo-1d-19h-36m ago

Tradewindsnews

Svitzer says collaboration was key with eyes of the world on Suez

Tug operator reveals how it played a part in vital operation to free giant Ever Given....

Trade Wind News Published 4y-1mo-1d-20h-36m ago

Tradewindsnews

Gard insists its P&I cover includes green recycling

Statement comes after Norwegian competitor launched a policy to ensure responsible recycling in the case of a wreck removal....

Trade Wind News Published 4y-1mo-1d-21h-35m ago

Tradewindsnews

BW Offshore scoops $4.6bn deal to build and operate FPSO

Santos contracts company to provide floating production for Australia amp 39 s Barossa gasfield over 15 years....

Trade Wind News Published 4y-1mo-1d-21h-58m ago

Tradewindsnews

AP Moller-Maersk diverts back to the Suez Canal as congestion eases

Traffic continues to flow again after Ever Given is refloated....

Trade Wind News Published 4y-1mo-1d-22h-6m ago

Tradewindsnews

‘Shipping prodigy’ gets to the top, 30 years on

On Watch: TradeWinds’ occasional column takes a sideways glance at shipping news....

Trade Wind News Published 4y-1mo-1d-22h-17m ago

Tradewindsnews

Suez Canal blockage pours more fuel on hot MPP market

Multipurpose operators are enjoying better times as bulk and boxship operators abandon sector....

Trade Wind News Published 4y-1mo-1d-23h-26m ago

Tradewindsnews

Ever Given may have been stuck, but shipping is finally on the move

At the end of a turbulent first quarter, the Suez Canal blockage crisis underlines the tight shipping supply balance that can help fund the zero carbon revolution....

Trade Wind News Published 4y-1mo-1d-23h-27m ago

Tradewindsnews

Celsius Shipping splashes out $63m on two Chinese-built MR resales

The company is impressed with the vessels amp 39 quality and high specifications.....

Trade Wind News Published 4y-1mo-1d-23h-27m ago

Tradewindsnews

Australian hunt for alternatives to Chinese buyers boosts tonne miles

Saudi Arabia, Japan, Thailand and Mexico are among the countries providing new grain markets....

Trade Wind News Published 4y-1mo-2d-4h-57m ago

Tradewindsnews

More Australian grain cargoes head for Saudi Arabia in boost for tonne miles

Saudi Arabia, Japan, Thailand and Mexico among several countries providing alternative markets to Chinese buyers....

Trade Wind News Published 4y-1mo-2d-4h-57m ago

Tradewindsnews

Details emerge of Qatar’s huge LNG carrier tender to owners

Vast document keeps owners busy with eight ship specifications and four chartering options to consider....

Trade Wind News Published 4y-1mo-2d-5h-12m ago

Tradewindsnews

Success is sweet for BW LPG in shipping bake-off

On Watch is TradeWinds amp 39 occasional column taking a sideways glance at shipping news....

Trade Wind News Published 4y-1mo-2d-5h-13m ago

Tradewindsnews

Bugbee strikes again with $1.28m bet on Scorpio Tankers stock

Executive is back at it with latest purchase of call options....

Trade Wind News Published 4y-1mo-2d-7h-48m ago

Tradewindsnews

‘Party is over’ for tanker owners as Suez Canal traffic resumes

West African northwest Europe suezmax trade rumoured to be shedding 10 Worldscale points as market focus shifts to Opec+....

Trade Wind News Published 4y-1mo-2d-10h-4m ago

Tradewindsnews

Centerbridge Partners sells $5.8m more in Genco Shipping stock

Bulker owner amp 39 s largest investor takes its stake below the 20% threshold....

Trade Wind News Published 4y-1mo-2d-11h-45m ago

Tradewindsnews

US-listed shipping stocks cool off after hot start to 2021

Dry bulk listings have a tough week on lower rates across vessel classes....

Trade Wind News Published 4y-1mo-2d-15h-7m ago

Tradewindsnews

Wallenius Wilhelmsen bringing back last three laid-up car carriers

Company continues to see reactivation as more cost effective than chartering in other ships....

Trade Wind News Published 4y-1mo-2d-15h-31m ago

Tradewindsnews

Ships on the move in the Suez Canal after Ever Given freed

The ship ran aground on 23 March, creating a backlog of more than 300 ships....

Trade Wind News Published 4y-1mo-2d-16h-8m ago

Tradewindsnews

Strong winds blamed for previous Ever Given collision in 2019

Giant boxship blown into small ferry in Germany but no misconduct found....

Trade Wind News Published 4y-1mo-2d-16h-16m ago

Tradewindsnews

Eagle Bulk under scrutiny in US government ballast water probe

Bulker owner says allegations stem from engine room of unidentified vessel during repairs....

Trade Wind News Published 4y-1mo-2d-16h-24m ago

Tradewindsnews

Polarcus scraps fourth-quarter report but no liquidation verdict yet

Struggling seismic survey vessel owner amp 39 s shares remain suspected in Oslo as provisional liquidators continue talks with creditors....

Trade Wind News Published 4y-1mo-2d-17h-11m ago

Tradewindsnews

Clarksons Platou: No simple solution for trade to return to normal after Ever Given

Boxships and tankers likely to feel the effects of once in a generation event for some time yet....

Trade Wind News Published 4y-1mo-2d-17h-19m ago

Tradewindsnews

MSC containership giant damaged after scraping pier in Turkey

MSC Tina will have to undergo repairs following accident in Ambarli port, near Istanbul....

Trade Wind News Published 4y-1mo-2d-17h-36m ago

Tradewindsnews

WFW veteran Frank Dunne steps down as senior partner to become a consultant

Former chairman will be a senior advisor at the law firm, supporting clients he has worked with for many years....

Trade Wind News Published 4y-1mo-2d-18h-8m ago

Tradewindsnews

Suez disruption spreads to armed guards sector as shipowners warned over security

Security company Ambrey says availability and numbers of personnel in some areas likely to change as a result of vessel queue in Suez Canal....

Trade Wind News Published 4y-1mo-2d-18h-42m ago

Tradewindsnews

Shipowners pile in for Repsol’s single-ship charter deal

Spanish energy company sends shipowners scurrying to yards on berth hunt....

Trade Wind News Published 4y-1mo-2d-19h-6m ago

Tradewindsnews

Ever Given accident shows it’s time to double-track entire Suez Canal

Digging deep to build a second channel the whole length of the canal would not only help prevent blockages and accidents, it would prepare for future trade growth....

Trade Wind News Published 4y-1mo-2d-20h-6m ago

Tradewindsnews

Sumed Pipeline can take up the slack as tankers remain stuck at Suez

Analysts say Egyptian line has the capacity to replace oil cargoes delayed by Ever Given grounding....

Trade Wind News Published 4y-1mo-2d-20h-17m ago

Tradewindsnews

Zodiac picks up former Eletson tanker pair after dispute with Chinese lessor

LR2 product carriers are offloaded in a straight sale, just a few weeks after Bocomm Leasing sought the vessels amp 39 arrest in the US....

Trade Wind News Published 4y-1mo-2d-20h-31m ago

Tradewindsnews

USTC swoops again as BunkerEx platform added to group

Expanding Danish bunker and tanker group completes another acquisition, days after snapping up CM Biomass....

Trade Wind News Published 4y-1mo-2d-21h-10m ago

Tradewindsnews

Shoei Kisen says Ever Given remains stuck despite reports it has been refloated

However, Japanese shipowner says refloating efforts had a major result in the right direction ahead of final push....

Trade Wind News Published 4y-1mo-2d-22h-1m ago

Tradewindsnews

Robert Maersk Uggla hails seafarers in a world 'three meals from barbarism'

AP Moller Holding chief executive praises group amp 39 s efforts to keep trade flowing as profit hits $1.5bn....

Trade Wind News Published 4y-1mo-2d-22h-40m ago

Tradewindsnews

DSF growth plans delayed up to 18 months as pandemic hit loan demand

But Danish shipping lender says loan volumes should increase this year as it welcomes a amp 39 small number amp 39 of new clients....

Trade Wind News Published 4y-1mo-2d-22h-58m ago

Tradewindsnews

Sure, VLSFO was born in a lab, but it’s no Frankenstein fuel

There have been minor incidents since IMO 2020, but nothing like the nightmare predicted....

Trade Wind News Published 4y-1mo-2d-23h-26m ago

Tradewindsnews

Seacon Shipping orders two kamsarmax bulkers at Huangpu Wenchong

Chinese company places order for bulkers right after taking delivery of a secondhand tweendecker....

Trade Wind News Published 4y-1mo-2d-23h-27m ago

Tradewindsnews

Soren Greve appointed CEO of shipbroker Fearnleys

Norwegian group has also named Peter Wessel as new chief executive of Fearnley Securities....

Trade Wind News Published 4y-1mo-3d-1h-9m ago

Tradewindsnews

Monday set for closely watched refloat attempt for Ever Given

Another attempt comes as the number of ships stranded by the grounding is said to have surpassed the 450 mark....

Trade Wind News Published 4y-1mo-3d-3h-1m ago

Tradewindsnews

Monday set for make or break refloat attempt for Ever Given

Meanwhile the number of ships stranded by the grounding is said to have surpassed the 450 mark....

Trade Wind News Published 4y-1mo-3d-3h-1m ago

Tradewindsnews

Oman Shipping cashing in on scrubber-fitted VLCCs

Significant savings made from exhaust gas cleaning systems mean early installations have paid for themselves....

Trade Wind News Published 4y-1mo-3d-4h-58m ago

Tradewindsnews

Oman Shipping gears up for five-year, 35-ship green expansion drive

Middle Eastern owner wants only newbuildings powered by LNG or other alternative fuels....

Trade Wind News Published 4y-1mo-3d-4h-58m ago

Tradewindsnews

Oman Drydock Co set to realise its full potential

Busy Duqm based yard awaits new dry dock and plans move into building small ships....

Trade Wind News Published 4y-1mo-3d-4h-59m ago

Tradewindsnews

Ever Given moves, but not enough to uncork the Suez Canal as queue soars to 327 ships

Time table for reopening waterway remains unclear as efforts to dislodge Ever Given come up short....

Trade Wind News Published 4y-1mo-3d-18h-44m ago

Tradewindsnews

Liner operators warn of lasting trade disruption as Suez blockage continues

MSC and Maersk warn that container market congestion could continue even after the Ever Given is dislodged....

Trade Wind News Published 4y-1mo-4d-12h-13m ago

Tradewindsnews

US offers help refloating Ever Given, while navy consulted

The Suez Canal Authority thanked Washington for its offer....

Trade Wind News Published 4y-1mo-5d-11h-18m ago

Tradewindsnews

Top Shell crude executive said to be leaving after a decade

Prashanth Dev had led global efforts and was an architect of decarbonisation push....

Trade Wind News Published 4y-1mo-5d-12h-35m ago

Tradewindsnews

Bulkers begin to divert from Suez Canal to avoid gridlock

Bulker tracking platform Oceanbolt shows vessels are beginning to divert away from the blocked waterway....

Trade Wind News Published 4y-1mo-5d-13h-16m ago

Tradewindsnews

Cunard and Royal Caribbean International offering trips to vaccinated passengers

Carnival Corp amp 39 s Cunard will hold British Isles trips for vaccinated UK residents....

Trade Wind News Published 4y-1mo-5d-13h-44m ago

Tradewindsnews

Cruise majors offering trips to vaccinated passengers

Carnival Corp amp 39 s Cunard will hold British Isles trips for vaccinated UK residents....

Trade Wind News Published 4y-1mo-5d-13h-44m ago

Tradewindsnews

Suez Canal congestion sparks tanker bull run, with LR2s most favoured

Lasting blockage of key channel would boost tanker owners but some could benefit more than others....

Trade Wind News Published 4y-1mo-5d-14h-14m ago

Tradewindsnews

United Nations bodies argue seafarers should get vaccination priority

IMO and four other organisations worry that vaccination travel requirements will hit shipping....

Trade Wind News Published 4y-1mo-5d-15h-23m ago

Tradewindsnews

Swedish Club reports plunge in profits amid ‘challenging’ market

Marine insurer records tonnage gains and strong investment returns to boost free reserve in 2020....

Trade Wind News Published 4y-1mo-5d-15h-29m ago

Tradewindsnews

Crew of Ever Given 'under immense stress' in uniquely prominent incident

Specialist in seafarer mental health support services says Indian crew may feel they are holding up the entirety of world trade....

Trade Wind News Published 4y-1mo-5d-15h-43m ago

Tradewindsnews

Lauritzen Bulkers shedding more tonnage as it opens up in Hong Kong

Danish operator reduces loss after switching to asset light model last year....

Trade Wind News Published 4y-1mo-5d-16h-6m ago

Tradewindsnews

Maersk Supply fined for gross negligence over double sinking

Danish owner criticised by police for breach of safety regulations in loss of Maersk Searcher and Maersk Shipper in 2016....

Trade Wind News Published 4y-1mo-5d-16h-41m ago

Tradewindsnews

UK court vindicates Marinakis in bitter AMPTC wrongful arrest row

Greek owner amp 39 s Capital Ship Management overturns arbitration award to charterer AISSOT amp 39 s guarantor after tit for tat vessel seizures....

Trade Wind News Published 4y-1mo-5d-17h-1m ago

Tradewindsnews

Eagle Bulk expected to place debt on new buys and reduce it elsewhere

Jefferies analyst expects further moves to bolster balance sheet as 2021 market improves cash flows and net asset value....

Trade Wind News Published 4y-1mo-5d-17h-6m ago

Tradewindsnews

New agreement to keep Hurtigruten operating until July

But pandemic slammed leisure business is what brought passengership company profits....

Trade Wind News Published 4y-1mo-5d-17h-22m ago

Tradewindsnews

Nordisk Defence Club promotes Mats Sather to managing director

Lawyer has risen to the top after being hailed as a 14 year old amp 39 shipping prodigy amp 39 in the pages of TradeWinds....

Trade Wind News Published 4y-1mo-5d-17h-39m ago

Tradewindsnews

Did wind and hydrodynamics combine to cause Ever Given casualty?

Strong gusts at that time of grounding might not be enough to explain the cause, experts suggest....

Trade Wind News Published 4y-1mo-5d-17h-46m ago

Tradewindsnews

OOCL reveals record profit of $992m in 'complicated' boxship market

Hong Kong owner details how it coped with surge in demand in second half of 2020....

Trade Wind News Published 4y-1mo-5d-18h-6m ago

Tradewindsnews

Evergreen places 20-ship newbuilding order at Samsung in surprise move

Taiwanese container line was thought to be splitting the ships between several yards....

Trade Wind News Published 4y-1mo-5d-18h-27m ago

Tradewindsnews

Political lobbying disclosures become focus of Carnival's Cuba lawsuit

Cruise major says Havana Docks Corp lobbied US government agencies ahead of 2019 lawsuit....

Trade Wind News Published 4y-1mo-5d-18h-55m ago

Tradewindsnews

Weak rates prompt VLCC newbuilds to carry gasoil on maiden voyages

At least four inaugural cargoes will be refined products in March....

Trade Wind News Published 4y-1mo-5d-19h-11m ago

Tradewindsnews

LNG carriers pile up at Suez Canal as other vessels divert

First voyage diversions noted as boxship blockage threatens to drag on....

Trade Wind News Published 4y-1mo-5d-19h-48m ago

Tradewindsnews

Liner operators divert vessels to avoid Suez Canal congestion

Vessels sent around the Cape of Good Hope as liner operators prepare for drawn out blockage....

Trade Wind News Published 4y-1mo-5d-20h-4m ago

Tradewindsnews

Finance expert Martine Bond appointed Clarksons' third female director

Shipbroking giant continues to even up the gender balance in its board room....

Trade Wind News Published 4y-1mo-5d-20h-24m ago

Tradewindsnews

Shell adds Gibraltar to its tally of LNG bunkering operations

In past five days, major has conducted ship to ship firsts in the US and Singapore....

Trade Wind News Published 4y-1mo-5d-20h-40m ago

Tradewindsnews

Noble creates 26-strong drillship fleet with takeover of Idan Ofer's Pacific Drilling

Restructured US group consolidates after emerging from Chapter 11....

Trade Wind News Published 4y-1mo-5d-20h-51m ago

Tradewindsnews

Salvors pin hopes on high tide to refloat Ever Given

Heavy equipment and salvage experts are on the way to Suez Canal to free grounded boxship....

Trade Wind News Published 4y-1mo-5d-21h-32m ago

Tradewindsnews

No headless chickens: Thomas Wilhelmsen promises prudent ship ordering

Growth must be achieved in the right way after restructuring, Norwegian executive explains....

Trade Wind News Published 4y-1mo-5d-22h-6m ago

Tradewindsnews

Navig8 Chemical buys back another tanker from Ocean Yield

Norwegian seller building war chest by $12m after counterparty exercises purchase option....

Trade Wind News Published 4y-1mo-5d-22h-50m ago

Tradewindsnews

Court penalises insurer over mistaken identity in Laskaridis reefer row

New precedent set as Generali Espana pays the price for making cargo damage claim against wrong company in wrong country....

Trade Wind News Published 4y-1mo-5d-23h-29m ago

Tradewindsnews

New boss gearing up to propel Windship to the next level

Enthusiasm has taken company as far as it can, admits CEO as he plans to secure ‘serious funding’ and produce prototypes....

Trade Wind News Published 4y-1mo-5d-23h-29m ago

Tradewindsnews

Huangpu Wenchong lands feeder containership orders from Asian liner companies

First time ordering of containership newbuildings by the liner companies....

Trade Wind News Published 4y-1mo-6d-1h-16m ago

Tradewindsnews

Huangpu Wenchong lands feeder boxship orders from Asian liner companies

Deal represents the first containership newbuilding order Asean Seas Line and China United Lines....

Trade Wind News Published 4y-1mo-6d-1h-16m ago

Tradewindsnews

Cruise startup saves Ocean Builders' Satoshi from a date with shipbreakers

Undisclosed European interests buy cruiseship that failed to become an offshore cryptocurrency haven....

Trade Wind News Published 4y-1mo-6d-2h-34m ago

Tradewindsnews

Cruise start-up saves Ocean Builders' Satoshi from a date with shipbreakers

Undisclosed European interests buy cruiseship that failed to become an offshore cryptocurrency haven....

Trade Wind News Published 4y-1mo-6d-2h-34m ago

Tradewindsnews

Seacor Holdings buyout needs more investor support

Shareholders must sell at least two thirds of outstanding shares to American Industrial Partners....

Trade Wind News Published 4y-1mo-6d-11h-16m ago

Tradewindsnews

Israeli boxship attacked, allegedly by Iranian missiles

The attack follows on the bombing of an Iranian ship earlier this month....

Trade Wind News Published 4y-1mo-6d-11h-20m ago

Tradewindsnews

Coalition clears three tankers and LPG carrier to dock in Yemen

Move comes as part of effort to ease humanitarian crisis in war torn country....

Trade Wind News Published 4y-1mo-6d-14h-11m ago

Tradewindsnews

No exodus of waiting vessels expected after Suez Canal incident

Fleet of stalled containerships would struggle to revise schedules....

Trade Wind News Published 4y-1mo-6d-14h-20m ago

Tradewindsnews

MSPL linked to potential shipowning exit with sale of bulker quartet

Indian owner ordered the post panamaxes 13 years ago....

Trade Wind News Published 4y-1mo-6d-14h-26m ago

Tradewindsnews

MSPL denies to potential shipowning exit amid reports of bulker sale

Executive for Indian shipowner describes report of sale of post panamax quartet is amp 39 false news amp 39 ....

Trade Wind News Published 4y-1mo-6d-14h-26m ago

Tradewindsnews

Underwriters prepare as Ever Given claims start to roll in

Owners and charterers trigger delay insurance as they seek to recover losses linked to Suez Canal traffic jam....

Trade Wind News Published 4y-1mo-6d-14h-40m ago

Tradewindsnews

Boxship banned by Paris MOU after three detentions in six months

Feeder containership Jaohar Challenger fell foul of port state inspectors in Italy and Spain....

Trade Wind News Published 4y-1mo-6d-14h-45m ago

Tradewindsnews

Shipping Corp of India considers adding two VLGCs

State shipowner tendered in December to acquire secondhand gas carriers....

Trade Wind News Published 4y-1mo-6d-15h-52m ago

Tradewindsnews

Hapag-Lloyd ‘scouts market’ for boxships in all segments

German line intent on further secondhand deals after acquiring panamax pair from compatriot....

Trade Wind News Published 4y-1mo-6d-15h-59m ago

Tradewindsnews

Andromeda's Paolo Scerni killed in car crash in Italy

Shareholder and manager of Monaco shipowner involved in tragic road collision....

Trade Wind News Published 4y-1mo-6d-17h-1m ago

Tradewindsnews

Diamond S may have to place tanker pair with disgruntled Marinakis

Owner might be left with no option than to let Capital Ship Management take on suezmaxes....

Trade Wind News Published 4y-1mo-6d-17h-31m ago

Tradewindsnews

Founding investor begins sell-down of Pangaea Logistics stock

New York amp 39 s Cartesian Capital Group has backed the Ed Coll led company since 2008....

Trade Wind News Published 4y-1mo-6d-17h-31m ago

Tradewindsnews

Trolls target Egypt's first female captain with fake claims after Suez Canal grounding

Fake newsmakers falsify headline on Marwa Elselehdar after the Evergreen operated Ever Given blocked the Suez Canal....

Trade Wind News Published 4y-1mo-6d-17h-32m ago

Tradewindsnews

Color Line's earnings plunge into the red for 2020

Norwegian ferry company hopes for normal traffic this summer....

Trade Wind News Published 4y-1mo-6d-18h-1m ago

Tradewindsnews

Salvors warn Ever Given refloating operation on Suez Canal could take weeks

World trade waits as operation to shift giant containership takes longer than expected....

Trade Wind News Published 4y-1mo-6d-18h-46m ago

Tradewindsnews

JP Morgan ponders neo-panamax boxship order at Hyundai Heavy Industries

Financier opts for conventionally fuelled 15,000 teu ships — but will only order newbuildings against charters....

Trade Wind News Published 4y-1mo-6d-19h-2m ago

Tradewindsnews

Titan LNG outlines large vessel expansion plan

Chief technical officer Ronald van Selm says company will deliver its first bio LNG volumes shortly....

Trade Wind News Published 4y-1mo-6d-19h-22m ago

Tradewindsnews

Yang Ming launches $342m share offer as it logs bumper profit

Taiwanese boxship and bulker owner earns $400m in 2020 as markets rebound....

Trade Wind News Published 4y-1mo-6d-19h-26m ago

Tradewindsnews

Wan Hai Lines splashes out $550m on neo-panamax boxship quintet

Liner company has spent half of its $1bn newbuilding budget at Hyundai Heavy Industries....

Trade Wind News Published 4y-1mo-6d-20h-24m ago

Tradewindsnews

Ever Given owner Shoei Kisen apologises for Suez Canal incident

Japanese company is putting all its efforts into resolving the situation along with manager Bernhard Schulte....

Trade Wind News Published 4y-1mo-6d-20h-41m ago

Tradewindsnews

Tufton Oceanic raises $15m as it eyes further shipping investments

UK shipping investment fund adds to coffers for next phase of expansion....

Trade Wind News Published 4y-1mo-6d-22h-2m ago

Tradewindsnews

USTC buys pellet giant CM Biomass to further green trading ambitions

Danish bunker and tanker group diversifies with acquisition of Copenhagen Merchants Group company....

Trade Wind News Published 4y-1mo-6d-22h-27m ago

Tradewindsnews

Big and dangerous: Victor Vescovo reveals what the Titanic is really like now

Famed explorer recalls journey to survey the legendary ocean liner wreck....

Trade Wind News Published 4y-1mo-6d-22h-55m ago

Tradewindsnews

Record-breaking explorer Victor Vescovo puts unique diving ship up for sale

US adventurer has achieved all he set out to do using his vessel Pressure Drop and submersible Limiting Factor....

Trade Wind News Published 4y-1mo-6d-22h-55m ago

Tradewindsnews

Fortescue Metals opts to leapfrog LNG in favour of green ammonia

Mining company drops its charter tender for up to 10 LNG fuelled newcastlemax bulker newbuildings....

Trade Wind News Published 4y-1mo-6d-23h-28m ago

Tradewindsnews

Costa Cruises installs Mario Zanetti as its new president

Promotion of Carnival Corp subsidiary amp 39 s chief commercial officer prompts further management changes within company....

Trade Wind News Published 4y-1mo-1w-25m ago

Tradewindsnews

Adnoc Logistics & Services takes LNG-fuelling plunge on VLCCs

Abu Dhabi based owner set to boost world orderbook for dual fuel large tankers to 20 with newbuilding switch....

Trade Wind News Published 4y-1mo-1w-2h-21m ago

Tradewindsnews

Smit Salvage assists with Ever Given refloating effort in Suez Canal

Vital shipping waterway remains closed as backlog of transit vessels continues to grow....

Trade Wind News Published 4y-1mo-1w-2h-27m ago

Tradewindsnews

MSC’s $3bn spree lines up 27 slots at Chinese yards

Operator signs letters of intent for 20 neo panamaxes and is in talks on seven others....

Trade Wind News Published 4y-1mo-1w-4h-7m ago

Tradewindsnews

Shipyard berths vanish for 2023 newbuilding deliveries

Big bulker and second wave of containership newbuildings mop up Chinese and South Korean slots....

Trade Wind News Published 4y-1mo-1w-5h-47m ago

Tradewindsnews

Crude and product tanker markets display rare strength amid Suez Canal uncertainty

Shipowners benefit from recovering trades and lower bunker costs while mulling over impact from blockage....

Trade Wind News Published 4y-1mo-1w-12h-17m ago

Tradewindsnews

CDC denies cruise sector's request to lift US sailing restrictions by July

Cruise Lines International Association says the cruise sector is the only part of the US economy that remains shuttered....

Trade Wind News Published 4y-1mo-1w-12h-21m ago

Tradewindsnews

Boxship orders breach 2m teu in six-month spending spree

Tonnage provider Seaspan Corp heads the list accounting for just under one third of ultra large boxship orders....

Trade Wind News Published 4y-1mo-1w-13h-55m ago

Tradewindsnews

Wilhelmsen revamps structure as it targets $500m renewables investment

Norwegian group brings together digital, offshore wind and other forward leaning companies under New Energy banner....

Trade Wind News Published 4y-1mo-1w-13h-55m ago

Tradewindsnews

Navios Maritime Partners buys three bulkers ahead of merger with boxship firm

Describing itself as a amp 39 growth platform at the right side of the cycle amp 39 , New York listed partnership acquires kamsarmaxes and takes capesizes on bareboat deals....

Trade Wind News Published 4y-1mo-1w-13h-59m ago

Tradewindsnews

Trafigura fixes aframax and VLCC newbuildings amid heated period charter activity

Oil firms are showing more appetite for longer deals at higher rates....

Trade Wind News Published 4y-1mo-1w-14h-46m ago

Tradewindsnews

Allianz says the Suez Canal has an ‘excellent safety record’

But insurer adds grounding of Evergreen Marine boxship comes at a bad time for global supply chains....

Trade Wind News Published 4y-1mo-1w-14h-49m ago

Tradewindsnews

Seanergy Maritime lands in the red due to weak bulker market

New York listed owner recently bought three more capesizes with expectations of a better market....

Trade Wind News Published 4y-1mo-1w-14h-57m ago

Tradewindsnews

Island Offshore AHTS sets new record for anchor pull

Island Victory achieved continuous force of 440 tonnes at Lundin amp 39 s Solveig field off Norway....

Trade Wind News Published 4y-1mo-1w-16h-7m ago

Tradewindsnews

Tsakos Energy mulls alternative fuels for future newbuildings

Greek tanker owner will evaluate any new orders with LNG, ammonia or hydrogen propulsion in mind....

Trade Wind News Published 4y-1mo-1w-16h-11m ago

Tradewindsnews

Norwegian Hull Club offers insurance to cover green recycling cost

Bergen based insurer seeks further opportunities to tap into market for sustainable insurance....

Trade Wind News Published 4y-1mo-1w-16h-41m ago

Tradewindsnews

IMO ‘losing battle to keep up with technology’ over training

Pace of change risks making elements of STCW convention obsolete, says US Coast Guard expert....

Trade Wind News Published 4y-1mo-1w-17h-3m ago

Tradewindsnews

Greek players linked to LR2 product tanker expansion moves

Velos Tankers and IMS believed to have raised their wagers on segment....

Trade Wind News Published 4y-1mo-1w-17h-26m ago

Tradewindsnews

Demetriades says Lasota drugs case highlights human rights violations

Cyprus amp 39 shipping deputy minister growing concerned over the continuing criminalisation of captains....

Trade Wind News Published 4y-1mo-1w-18h ago

Tradewindsnews

Oldendorff loses legal battle over Baltic capesize charter calculations

UK case highlights importance of contracts taking into account factors beyond counterparties amp 39 control....

Trade Wind News Published 4y-1mo-1w-18h-25m ago

Tradewindsnews

Suez Canal congestion could lead to higher freight rates but more security risks

Dozens of ships are expected to be affected by traffic disruption at key waterway....

Trade Wind News Published 4y-1mo-1w-18h-41m ago

Tradewindsnews

Hafnia makes first green financing move with $374m loan deal

BW Group tanker owner says sustainability linked facility is one of shipping amp 39 s biggest....

Trade Wind News Published 4y-1mo-1w-18h-53m ago

Tradewindsnews

Containership owners make hay as midsize market just won’t quit

Vessels of 8,000 teu are fetching top dollar in charter and secondhand markets....

Trade Wind News Published 4y-1mo-1w-19h ago

Tradewindsnews

Petredec reveals stake in Avance Gas as owners jostle for position

UK shipowner joins BW LPG and Dorian LPG as investors in Fredriksen gas carrier company....

Trade Wind News Published 4y-1mo-1w-19h-11m ago

Tradewindsnews

Belships continues fleet expansion with another ultramax newbuilding

Vessel will be delivered in the final quarter of 2021 and bareboat chartered to Norwegian shipowner....

Trade Wind News Published 4y-1mo-1w-19h-17m ago

Tradewindsnews

Geopolitical mood music is sombre but shipping dances to its own tune

Industry feels immune from everything except Covid....

Trade Wind News Published 4y-1mo-1w-20h-19m ago

Tradewindsnews

FueLNG begins ship-to-ship LNG bunkering in Singapore

LNG bunker supplier expects up to 50 fuelling operations in 2021 as new LNG bunkering vessel delivers first cargo....

Trade Wind News Published 4y-1mo-1w-20h-39m ago

Tradewindsnews

Once-sanctioned aframax tanker heads to Bangladesh for scrapping

Muhit Maritime’s Nabiin is one of the youngest tankers recycled this year....

Trade Wind News Published 4y-1mo-1w-21h-37m ago

Tradewindsnews

Gaddafi's wrecked yacht to become first hydrogen-powered luxury vessel

On Watch: TradeWinds occasional column taking a sideways glance at shipping news....

Trade Wind News Published 4y-1mo-1w-21h-37m ago

Tradewindsnews

Norway blocks $178m Rolls-Royce engine business sale on security grounds

Government worried about sale of Bergen Engines to Russian group TMH....

Trade Wind News Published 4y-1mo-1w-21h-38m ago

Tradewindsnews

Bulker and Russian military tanker collide in Suez Canal

Second accident reported in Egyptian waterway on Tuesday, following Evergreen boxship grounding....

Trade Wind News Published 4y-1mo-1w-22h-40m ago

Tradewindsnews

Fjord Line newbuilding takes on armed guards for voyage home

Shipowner says specially trained team on board to see vessel safely through Gulf of Aden....

Trade Wind News Published 4y-1mo-1w-23h-30m ago

Tradewindsnews

KCC won't order new ships unless they can reach zero emissions

Combination carrier owner redoubling decarbonisation efforts after setback in 2020....

Trade Wind News Published 4y-1mo-1w-23h-30m ago

Tradewindsnews

Vaccines alone won’t cure shipping’s crew crisis

The industry’s efforts to get seafarers home in the middle of the pandemic are finally paying dividends. We mustn’t ease off now....

Trade Wind News Published 4y-1mo-1w-23h-30m ago

Tradewindsnews

Tristar Transport targets April IPO on Dubai Financial Market

Eships parent seeks to raise between $120m and $160m on Middle East exchange....

Trade Wind News Published 4y-1mo-1w-1d-1h-30m ago

Tradewindsnews

Adnoc L&S kicks off hunt for up to five LNG carriers

Company launches chase with yards for up to five newbuildings, as well as a separate hunt for existing owners on a lone modern vessel....

Trade Wind News Published 4y-1mo-1w-1d-4h-4m ago

Tradewindsnews

Suez Canal blocked after Evergreen mega boxship runs aground

Asia to Europe shipping lanes at a standstill while salvage efforts get underway....

Trade Wind News Published 4y-1mo-1w-1d-5h-22m ago

Tradewindsnews

Suez Canal closed after Evergreen mega boxship runs aground

Ship partially refloated but traffic will resume after the Ever Given is towed to another location....

Trade Wind News Published 4y-1mo-1w-1d-5h-22m ago

Tradewindsnews

Apollo's Regan to step down as Genco Shipping board chairman

Private equity man to retain board seat but hand over leadership spot to veteran AMA banker....

Trade Wind News Published 4y-1mo-1w-1d-10h-30m ago

Tradewindsnews

Bulker markets and dry freight derivatives hit by correction in rates

Correction also being seen in the spot market for bulkers as fixing activity slows down....

Trade Wind News Published 4y-1mo-1w-1d-11h ago

Tradewindsnews

Bank of America chases bulker after missed loan payments

Lawsuit focuses on two ships managed by Istanbul based Semih Sohtorik Management amp Agency....

Trade Wind News Published 4y-1mo-1w-1d-14h-29m ago

Tradewindsnews

Globus Maritime gets bolder with third kamsarmax buy in five months

US listed shipowner nearly doubles fleet amp 39 s transport capacity to benefit from rising freight rates....

Trade Wind News Published 4y-1mo-1w-1d-14h-48m ago

Tradewindsnews

Evergreen presses ahead with 20-boxship order worth up to $2.6bn

Containership newbuilding orderbook on the rise as Taiwanese owner shortlists five Asian yards....

Trade Wind News Published 4y-1mo-1w-1d-14h-56m ago

Tradewindsnews

Executive pay drops at both Genco Shipping and Eagle Bulk for 2020

John Wobensmith tops Gary Vogel in CEO compensation by substantial margin....

Trade Wind News Published 4y-1mo-1w-1d-15h-6m ago

Tradewindsnews

Havyard changes shipyard name as it prepares for last deliveries

Restructured operation to be known as Havyard Leirvik as it focuses on shiprepair....

Trade Wind News Published 4y-1mo-1w-1d-15h-51m ago

Tradewindsnews

Nordic Shipholding trying to seal merger before banks sell off tanker fleet

Danish owner hopeful of successful outcome to talks but equity turns negative....

Trade Wind News Published 4y-1mo-1w-1d-15h-57m ago

Tradewindsnews

Former Frontline boss MacLeod enters thermal battery business

New post at EenrgyNest will see shipping veteran join forces with four former Glencore colleagues....

Trade Wind News Published 4y-1mo-1w-1d-17h-8m ago

Tradewindsnews

Botas' first FSRU newbuilding heads to Turkey

But choice of location for state company’s new regasification unit remains unclear....

Trade Wind News Published 4y-1mo-1w-1d-17h-32m ago

Tradewindsnews

First Spark Commodities LNG futures contracts traded on ICE

Total, Gunvor, Vitol, and Glencore involved in initial trades with Clarksons as broker....

Trade Wind News Published 4y-1mo-1w-1d-18h-28m ago

Tradewindsnews

ICS foresees ‘perfect storm’ as ports turn away unvaccinated seafarers

Most seafarers do not have access to Covid 19 vaccines approved by WHO....

Trade Wind News Published 4y-1mo-1w-1d-18h-40m ago

Tradewindsnews

China’s imports of US LPG continues to support VLGCs

But analyst cautions a further surge in orders is unlikely as he sees little upside for shipping from ongoing demand in India....

Trade Wind News Published 4y-1mo-1w-1d-18h-47m ago

Tradewindsnews

Cruiseship sold by Royal Caribbean emerges in fleet of Greece's Marios Iliopoulos

The Majesty of the Seas is in Piraeus under the ownership of secretive binge buyer....

Trade Wind News Published 4y-1mo-1w-1d-19h-12m ago

Tradewindsnews

Norden raises expectations for its 2021 bottom line due to strong dry market

Danish owner operator said bull market would also have positive implications for its owned bulkers....

Trade Wind News Published 4y-1mo-1w-1d-19h-29m ago

Tradewindsnews

Mexico frees master held for 20 months on drug-smuggling charges

Intership captain Andrzej Lasota was arrested in July 2019 after cocaine was found stashed on his MPP....

Trade Wind News Published 4y-1mo-1w-1d-19h-38m ago

Tradewindsnews

BW honours LNG ‘trailblazing’ Luis Lesmes with latest newbuilding

BP chartered LNG carrier bears the name of industry trader who died in 2014....

Trade Wind News Published 4y-1mo-1w-1d-19h-50m ago

Tradewindsnews

French navy finds 6 tonnes of cocaine on ship in Gulf of Guinea

France hails biggest ever drugs bust in region as Indian vessel and crew cleared to continue voyage....

Trade Wind News Published 4y-1mo-1w-1d-20h-5m ago

Tradewindsnews

Hapag-Lloyd set to tap bond market for $357m

Second green refinancing project linked to new sustainability target on CO2 emissions....

Trade Wind News Published 4y-1mo-1w-1d-20h-37m ago

Tradewindsnews

UECC reveals 'stunning' 60% emissions cut in 'smoothie' biofuel trial

Norwegian owner says old car carrier turned into environmental frontrunner through new bunkers....

Trade Wind News Published 4y-1mo-1w-1d-20h-59m ago

Tradewindsnews

Mystery investor fails to buy 5% chunk of Avance Gas after tender

Move comes after BW LPG bought into Fredriksen VLGC company last year....

Trade Wind News Published 4y-1mo-1w-1d-21h-59m ago

Tradewindsnews

Bulker values rising by millions of dollars a week, analysts say

Owners with the greatest exposure to capesizes are tipped to be the biggest winners in terms of net asset value....

Trade Wind News Published 4y-1mo-1w-1d-22h-33m ago

Tradewindsnews

Walland leaves Ostensjo after 27 years to focus on running Edda Wind

Veteran executive will help prepare offshore wind player for IPO....

Trade Wind News Published 4y-1mo-1w-1d-22h-37m ago

Tradewindsnews

'Giant' of shipping industry Jim Davis dies aged 92

Outspoken IMIF chairman, known for his humour, was a popular figure....

Trade Wind News Published 4y-1mo-1w-1d-23h-12m ago

Tradewindsnews

FFA traders back container rates to stay at historic levels

Derivatives players suggest ‘new wave’ of pricing will continue for rest of the year....

Trade Wind News Published 4y-1mo-1w-1d-23h-28m ago

Tradewindsnews

Shipowners seize on IMO ‘loophole’, but is it a false economy?

Staggered global roll out of Tier III rules allows vessels built to old NOx standards to trade in emission control areas....

Trade Wind News Published 4y-1mo-1w-1d-23h-29m ago

Tradewindsnews

Iskenderun Ship Management piles on the supramaxes

Istanbul based player has boosted its fleet with multiple below the radar bulker acquisitions....

Trade Wind News Published 4y-1mo-1w-1d-23h-29m ago

Tradewindsnews

Malaysia’s Westports expands into cruise with terminal acquisition

Facility said to have handled around 190 calls by cruise and military vessels pre Covid 19....

Trade Wind News Published 4y-1mo-1w-2d-1h-15m ago

Tradewindsnews

End of an era as Hong Kong’s last casino ship heads for auction

Abandoned casino cruiseship that was once the pride of the Soviet Union cashes in its chips, probably for good....

Trade Wind News Published 4y-1mo-1w-2d-4h-24m ago

Tradewindsnews

Offshore prospects starting to improve for Singapore yards, says analyst

UOB Kay Hien says over 40 rigs have been removed from the market since the start of the year....

Trade Wind News Published 4y-1mo-1w-2d-6h-6m ago

Tradewindsnews

ArcelorMittal green-lights stalled iron ore project in Liberia

Up to 190 bulkers a year may be needed if mining giant has solved mysterious port rights dispute....

Trade Wind News Published 4y-1mo-1w-2d-6h-18m ago

Tradewindsnews

Oaktree trims more shares of Eagle Bulk Shipping in $5.2m payday

Connecticut owner amp 39 s largest shareholder has now cashed in more than $9m in stock....

Trade Wind News Published 4y-1mo-1w-2d-10h-11m ago

Tradewindsnews

Bunker firm offers OTW services from Augusta, Sicily

Italy amp 39 s Bunker Energy is to start selling marine fuels outside territorial waters in bid to cut delivery costs....

Trade Wind News Published 4y-1mo-1w-2d-11h-21m ago

Tradewindsnews

Bunker firm offers refuelling services from Augusta, Sicily

Bunker Energy will sell marine fuels outside territorial waters to cut delivery costs....

Trade Wind News Published 4y-1mo-1w-2d-11h-21m ago

Tradewindsnews

Boxship rates rise amid surging Asia-US volumes

Higher volumes exacerbate congestion at ports on US west coast....

Trade Wind News Published 4y-1mo-1w-2d-11h-21m ago

Tradewindsnews

Norden buys two kamsarmaxes in deal with Mitsui & Co

Despite focus on chartered tonnage, Danish shipowner picks up pair of 2020 built ships from Japanese trading house....

Trade Wind News Published 4y-1mo-1w-2d-15h-29m ago

Tradewindsnews

Boxships and bulkers lead another strong week for US listings

Stock prices continue to chase rising asset values amid strong rates....

Trade Wind News Published 4y-1mo-1w-2d-15h-58m ago

Tradewindsnews

Zim on 'positive trajectory' as results hit all-time record high

Liner company rides gravy train and targets earnings of $1.6bn in 2021....

Trade Wind News Published 4y-1mo-1w-2d-16h-53m ago

Tradewindsnews

Shipowners join legal fight over 2019 Houston Ship Channel fire

The 2019 fire burned for three days, leaving more than 30 tankers waiting....

Trade Wind News Published 4y-1mo-1w-2d-17h-2m ago

Tradewindsnews

Vantage takes over Seadrill Partners' drillship fleet amid restructuring

Houston group agrees operating deal with John Fredriksen backed owner undergoing Chapter 11 restructurings....

Trade Wind News Published 4y-1mo-1w-2d-17h-2m ago

Tradewindsnews

VLGC rates jump 27% from Middle East but output concerns remain

Fearnley Securities says other Gulf producers could buoy market despite Saudi Arabian cuts....

Trade Wind News Published 4y-1mo-1w-2d-17h-2m ago

Tradewindsnews

Two port workers die after losing consciousness on Greek bulker

Operator Franco Naviera says cause of deaths on Eny in South Korea is not yet known....

Trade Wind News Published 4y-1mo-1w-2d-17h-5m ago

Tradewindsnews

Exmar turns a profit for 2020 with settlement cash on FLNG unit

Company expects gradual improvement in liquidity position for 2021....

Trade Wind News Published 4y-1mo-1w-2d-17h-9m ago

Tradewindsnews

Evalend Shipping jumps on VLGC bandwagon with $320m deal at Hyundai Samho

Order for LPG fuelled ships brings company amp 39 s gas carrier newbuilding spree to $502m....

Trade Wind News Published 4y-1mo-1w-2d-17h-36m ago

Tradewindsnews

Questions continue as stowaway denies attempt to hijack Navios tanker

The Nave Andromeda was stormed by special forces in October 2020 off the Isle of Wight....

Trade Wind News Published 4y-1mo-1w-2d-17h-56m ago

Tradewindsnews

Owner of tanker linked to Israeli spill acts to clear its name

Greek law firm has been taken on to represent unidentified owner, which denies involvement in 1,000 tonne spill....

Trade Wind News Published 4y-1mo-1w-2d-18h-6m ago

Tradewindsnews

Minerva snaps up second capesize bulker this year

Sizzling hot S amp P market produces yet another notable deal for a ship put up for auction by debt holders earlier this year....

Trade Wind News Published 4y-1mo-1w-2d-18h-27m ago

Tradewindsnews

Ship finance lender CIT ‘out of warm lay-up’ and back in action

Former DVB man Evan Cohen has built a $1bn portfolio and team of 12 in New York....

Trade Wind News Published 4y-1mo-1w-2d-18h-45m ago

Tradewindsnews

Reunion of old ex-DVB friends who keep their distance

CIT recruits nucleus of former DVB colleagues....

Trade Wind News Published 4y-1mo-1w-2d-18h-45m ago

Tradewindsnews

Windship brings in CEO as it seeks to take sails to market

UK based company sets up more commercial structure for zero emission technology as the need to decarbonise takes hold across the shipping industry....

Trade Wind News Published 4y-1mo-1w-2d-18h-47m ago

Tradewindsnews

Slew of multi-month charters for LNG carriers buoys market mood

New business helps soak up available tonnage as charterers move on winter coverage....

Trade Wind News Published 4y-1mo-1w-2d-19h-19m ago

Tradewindsnews

Spetalen's Standard Drilling makes $9.25m bet on restructured Noble Corp

Tycoon amp 39 s PSV company moves for drillship owner amp 39 s stock after it emerged from Chapter 11 in February....

Trade Wind News Published 4y-1mo-1w-2d-19h-39m ago

Tradewindsnews

Shell ships in cargo for new Scottish mini-LNG terminal

John Fredriksen’s salmon farming company Mowi fires up marine element of its fish feed facility....

Trade Wind News Published 4y-1mo-1w-2d-20h-46m ago

Tradewindsnews

Tufton Oceanic raises dividend target as profit soars

UK investment fund boosted by boxship recovery as it looks ahead with optimism....

Trade Wind News Published 4y-1mo-1w-2d-20h-58m ago

Tradewindsnews

DSME hit by Covid-19 outbreak as close to 70 workers test positive

Outbreak causes three day closure but yard plans to reopen this week....

Trade Wind News Published 4y-1mo-1w-2d-21h-35m ago

Tradewindsnews

Error led to Keppel worker's death after boxship rudder fell

Inquiry finds extra components were not factored into calculation before tragic accident....

Trade Wind News Published 4y-1mo-1w-2d-22h-42m ago

Tradewindsnews

Dorian LPG to gather fleet-wide data via Kongsberg tie-up

VLGC specialist seeks to monitor and predict fuel consumption....

Trade Wind News Published 4y-1mo-1w-2d-22h-58m ago

Tradewindsnews

Samos tied to bulker asset plays after ordering VLCC in countercyclical moves

Greek shipowner weighs juicy asset sales for modern bulkers, while upping its bet on tanker newbuildings....

Trade Wind News Published 4y-1mo-1w-2d-23h-29m ago

Tradewindsnews

Hutchison Port Holdings completes $500m bond issue

Singapore listed Container terminal operator says proceeds will go towards refinancing existing debt....

Trade Wind News Published 4y-1mo-1w-3d-1h-50m ago

Tradewindsnews

Genting fires up the engines of two more cruiseships for domestic cruise revival

Single country itineraries appear to be the best bet as cruise industry creaks back to life....

Trade Wind News Published 4y-1mo-1w-3d-2h-26m ago

Tradewindsnews

Chinese recycling expert claims Hong Kong Convention is being abused

Harry Wang remains unconvinced that scrapping on beaches can be done in an environmentally friendly way....

Trade Wind News Published 4y-1mo-1w-3d-4h-47m ago

Tradewindsnews

EU approval would put Chinese ship recyclers in a sweet spot

China could help ease pressure for sustainable ship recycling by providing a non beaching alternative to shipowners....

Trade Wind News Published 4y-1mo-1w-3d-4h-48m ago

Tradewindsnews

How China can regain its crown as the global leader in green ship recycling

Harry Wang, a top Chinese ship recycling veteran, says a government policy shift and a lot of investment are needed....

Trade Wind News Published 4y-1mo-1w-3d-4h-49m ago

Tradewindsnews

Royal Caribbean to restart Caribbean cruises with vaccinated passengers

US listed cruise giant says first sailings will be for adults only and feature vaccinated crew....

Trade Wind News Published 4y-1mo-1w-3d-5h-46m ago

Tradewindsnews

Grant Thornton puts Xihe Holdings VLCC on the block

Interested parties can inspect the 318,000 dwt Jiu Hua San at Tanjung Pelepas in Malaysia....

Trade Wind News Published 4y-1mo-1w-3d-6h-23m ago

Tradewindsnews

John Angelicoussis hospitalised in Athens after heart attack, in grave condition

Influential 72 year old shipowner believed to have suffered heart attack, daughter Maria takes over as acting chief executive....

Trade Wind News Published 4y-1mo-1w-3d-12h-30m ago

Tradewindsnews

John Angelicoussis in serious condition after hospitalisation for heart attack

Influential 72 year old shipowner believed to have suffered heart attack, daughter Maria takes over as acting chief executive....

Trade Wind News Published 4y-1mo-1w-3d-12h-30m ago

Tradewindsnews

John Angelicoussis in serious condition after hospitalisation

Influential 72 year old shipowner believed to have suffered heart attack, daughter Maria takes over as acting chief executive....

Trade Wind News Published 4y-1mo-1w-3d-12h-30m ago

Tradewindsnews

Qatar kicks off world's largest LNG carrier hunt with shipowner tender

Pre qualified parties have been invited to submit their initial offers in weeks....

Trade Wind News Published 4y-1mo-1w-3d-13h-40m ago

Tradewindsnews

Analysts like terms of Scorpio Tankers notes despite added debt load

Dilution risk to be minimised as company keeps working on bolstering balance sheet....

Trade Wind News Published 4y-1mo-1w-5d-10h-28m ago

Tradewindsnews

Analysts like Scorpio Tankers notes deal, insiders buy $2.2m in shares

Scorpio Services Holding takes 110,000 shares in Friday buy at $19.70....

Trade Wind News Published 4y-1mo-1w-5d-10h-28m ago

Tradewindsnews

Analysts praise Scorpio Tankers notes deal as insiders snap up $2.2m in shares

Scorpio Services Holding buys 110,000 shares $19.70....

Trade Wind News Published 4y-1mo-1w-5d-10h-28m ago

Tradewindsnews

Karpowership and Total selected for South Africa FSRU projects

Will the energy hungry country finally get its long planned LNG imports ....

Trade Wind News Published 4y-1mo-1w-5d-14h ago

Tradewindsnews

IMO head urges caution as crew crisis numbers cut in half

The number of crew stranded at sea by the pandemic has reduced dramatically in the last six months....

Trade Wind News Published 4y-1mo-1w-5d-15h-43m ago

Tradewindsnews

NYK clinches COA to carry renewable diesel for Neste Shipping

Japanese owner signs up to carry alternative fuel from Singapore to the US....

Trade Wind News Published 4y-1mo-1w-5d-16h-7m ago

Tradewindsnews

Scorpio Tankers frees liquidity in $138m bond deals

New York listed owner pushes out $62m of maturities while adding $76m in new notes....

Trade Wind News Published 4y-1mo-1w-5d-16h-49m ago

Tradewindsnews

Jones Act charterer backed by billionaire Sam Zell gears up for Spac

Among shipping linked companies soliciting blank cheques is US oil refiner Par Pacific, a charterer of Jones Act tonnage with a famous investor behind it....

Trade Wind News Published 4y-1mo-1w-5d-17h-40m ago

Tradewindsnews

Is 'Prexit' set to spread from Genco to Eagle Bulk?

The two largest private equity holders have made recent sales, but what they signify remains hard to tell....

Trade Wind News Published 4y-1mo-1w-5d-17h-40m ago

Tradewindsnews

Trafigura poaches VLCC chartering 'rising star' from Shell

Trading house is also building up its large tanker crude fleet in a move that is puzzling market players....

Trade Wind News Published 4y-1mo-1w-5d-18h-11m ago

Tradewindsnews

GEV to talk to yards after initial approval for compressed hydrogen carrier

US classification society ABS finds no reason Australian company amp 39 s pioneering vessel cannot be developed further....

Trade Wind News Published 4y-1mo-1w-5d-18h-35m ago

Tradewindsnews

London P&I Club strengthens in South Korea with new hire

Protection and indemnity insurer is seeking to grow its membership in the country through joint venture....

Trade Wind News Published 4y-1mo-1w-5d-18h-42m ago

Tradewindsnews

Stena Bulk and Grindrod Shipping linked to MR sales

Tanker asset prices remain low, but recovery might not be far away....

Trade Wind News Published 4y-1mo-1w-5d-19h-1m ago

Tradewindsnews

Shell and Sovcomflot bunker first aframax with LNG in US

Energy major puts its first chartered supply vessel into operation off Port Canaveral in Florida....

Trade Wind News Published 4y-1mo-1w-5d-19h-39m ago

Tradewindsnews

Probe begins as seafarers injured in lifeboat drill on Sir David Attenborough

UK accident investigators say boat rolled on to its side during launching in Scotland....

Trade Wind News Published 4y-1mo-1w-5d-20h-3m ago

Tradewindsnews

PSV owners 'must resist temptation to reactivate' after rate spikes

Seabrokers counsels caution as signs emerge of better times ahead for owners operating in North Sea....

Trade Wind News Published 4y-1mo-1w-5d-20h-10m ago

Tradewindsnews

NS United set to sell 2012 capesize amid buyer stampede

Host of offers submitted for Imabari Shipbuilding constructed unit as capesize S amp P market turns increasingly frantic....

Trade Wind News Published 4y-1mo-1w-5d-20h-57m ago

Tradewindsnews

Equinor reveals charters for 40 eco-tankers as it pursues emissions cuts

Norwegian oil major bringing in lower emissions vessels up to 2022 as it explores alternative fuels....

Trade Wind News Published 4y-1mo-1w-5d-21h-34m ago

Tradewindsnews

Pilot dies in fall while leaving Greek bulker in Russia

61 year old was moving to pilot boat when accident occurred in Novorossiysk....

Trade Wind News Published 4y-1mo-1w-5d-22h-47m ago

Tradewindsnews

Seafarer repatriation hopes to get shot in the arm from vaccination hubs

Could attempts to get Pacific Island seafarers back home be the start of a global solution to the crew crisis ....

Trade Wind News Published 4y-1mo-1w-5d-22h-50m ago

Tradewindsnews

Ship managers improvise and adapt to overcome in pandemic crisis

In a Spotlight report, TradeWinds explores how the pandemic has been a catalyst to change for third party managers as remote communications and crew well being are brought to the fore....

Trade Wind News Published 4y-1mo-1w-5d-23h-28m ago

Tradewindsnews

No shipping, no shopping: sector seen as victim of own success during crew crisis

Ship managers tell TradeWinds that countries will only take action on seafarer welfare when the cargoes dry up....

Trade Wind News Published 4y-1mo-1w-5d-23h-28m ago

Tradewindsnews

Ship design has to start thinking outside the box to tackle carbon

Clever customisation while linking design to a vessel amp 39 s real life operational profile is the only way to meet the future demands of greener shipping....

Trade Wind News Published 4y-1mo-1w-5d-23h-28m ago

Tradewindsnews

MOL targets CO2 trade with investment in Norway's Larvik Shipping

Japan shipowner says trade plays a key role in the CO2 capture utilisation and storage sector....

Trade Wind News Published 4y-1mo-1w-6d-23m ago

Tradewindsnews

Vopak joins race to build Australian LNG import terminal

Dutch storage specialist latest participant looking to set up FSRU based facility in Victoria....

Trade Wind News Published 4y-1mo-1w-6d-2h-51m ago

Tradewindsnews

China Merchants yard to build new small-scale LNT A-box LNG carrier

Order for second ship using new containment system design is backed by China amp 39 s Equator Fund....

Trade Wind News Published 4y-1mo-1w-6d-5h-44m ago

Tradewindsnews

Tsakos set to enter MRs in Cargill-Maersk Tankers pool

Greek shipowner says it is convinced about the need for commercial partnerships in the tanker market....

Trade Wind News Published 4y-1mo-1w-6d-5h-50m ago

Tradewindsnews

Private jabs an option as ship managers face 'logistical nightmare'

Anglo Eastern Univan has bought 7,500 doses in the Philippines amid worries of vaccine amp 39 nationalism amp 39 ....

Trade Wind News Published 4y-1mo-1w-6d-6h-12m ago

Tradewindsnews

Bahri says UACC chemical tanker charters 'anticipate pandemic recovery'

Saudi Arabian owner also reveals it maintains a fleet of up to 10 other MRs on short term deals....

Trade Wind News Published 4y-1mo-1w-6d-6h-13m ago

Tradewindsnews

Navigator Holdings flips to profit in strong LPG carrier market

Stronger rates mean profit, but not as much as Wall Street expected....

Trade Wind News Published 4y-1mo-1w-6d-8h-46m ago

Tradewindsnews

Navigator Holdings posts profit in strong LPG carrier market

Stronger rates mean profit, but not as much as Wall Street expected....

Trade Wind News Published 4y-1mo-1w-6d-8h-46m ago

Tradewindsnews

Dry freight derivatives ride the 'gravy train' as bulker markets move up

April contracts for panamax bulkers have settled at over $28,000 per day as physical market hits highest level in 11 years....

Trade Wind News Published 4y-1mo-1w-6d-11h-22m ago

Tradewindsnews

UBS upgrades Carnival to buy amid vaccine rollout

Investment bank is keeping outlook the same for peers Royal Caribbean Group and Norwegian Cruise Line Holdings....

Trade Wind News Published 4y-1mo-1w-6d-14h-38m ago

Tradewindsnews

Hapag-Lloyd boss hails NileDutch deal as strengthening Africa role

Habben Jansen forecasts ‘seamless integration’ from takeover of Dutch liner operator....

Trade Wind News Published 4y-1mo-1w-6d-14h-42m ago

Tradewindsnews

Seanergy strikes twice with capesize duo deal

Owners chase bulkers in red hot S amp P and freight markets — like it was 2005 all over again....

Trade Wind News Published 4y-1mo-1w-6d-14h-45m ago

Tradewindsnews

American Club reports premium income and tonnage gains

New York based insurer says its performance has been ‘solid’....

Trade Wind News Published 4y-1mo-1w-6d-15h-57m ago

Tradewindsnews

Navios Logistics poised to pounce as Uruguay ends fuel monopoly

IPO candidate plans to expand its business with a new fuel import terminal and dry exports for China....

Trade Wind News Published 4y-1mo-1w-6d-16h-51m ago

Tradewindsnews

Ardmore's Mark Cameron warns pandemic crisis is causing crew exodus

Senior seafarers not rushing back to sea, while younger ones have been forced to seek other work....

Trade Wind News Published 4y-1mo-1w-6d-17h-25m ago

Tradewindsnews

New Times breaks boxship newbuilding drought with Chartworld order

Greek shipowner to pay $420m for four conventionally fuelled 13,000 teu neo panamax vessels....

Trade Wind News Published 4y-1mo-1w-6d-17h-41m ago

Tradewindsnews

MAN Energy Solutions reveals first sales of low-pressure ME-GA engine

New engine targeted at LNG carriers but one version is aimed at LR2 tankers, panamax bulkers and container feederships....

Trade Wind News Published 4y-1mo-1w-6d-18h-19m ago

Tradewindsnews

Insurer Convex strikes deal with Berkshire Hathaway on marine cover

Backed by $3bn in funding, Stephen Catlin amp 39 s new company is gaining increasing traction in the marine markets....

Trade Wind News Published 4y-1mo-1w-6d-18h-41m ago

Tradewindsnews

Trafigura clinches first sustainable loans amid $5.5bn refinancing

Commodities giant says progress on decarbonisation has allowed it to bring green element into new funding round....

Trade Wind News Published 4y-1mo-1w-6d-18h-46m ago

Tradewindsnews

Crewman dies after becoming trapped under hatch cover in Denmark

AtoB@C Shipping says accident at Velje under investigation....

Trade Wind News Published 4y-1mo-1w-6d-20h-6m ago

Tradewindsnews

Hapag-Lloyd stays the course after NileDutch acquisition

Chief executive Rolf Habben Jansen says his company is able to earn cost of capital for the first time in a decade....

Trade Wind News Published 4y-1mo-1w-6d-21h-12m ago

Tradewindsnews

Charter rate details emerge on Shell’s dual-fuel VLCCs

Market players mull shipowner deals on pioneering dual fuelled tankers....

Trade Wind News Published 4y-1mo-1w-6d-22h-1m ago

Tradewindsnews

GoodBulk keeps eyes fixed on the spot market despite prospects for further value rises

Capesize asset values could jump by up to 20%, chief executive John Michael Radziwill told TradeWinds....

Trade Wind News Published 4y-1mo-1w-6d-22h-1m ago

Tradewindsnews

China bans toxic chemicals transport in Yangtze River basin

Tankers owners warned of fines if new environmental law breached....

Trade Wind News Published 4y-1mo-1w-6d-22h-15m ago

Tradewindsnews

TechnipFMC targets floating wind sector by teaming with Magnora

Oil and gas contractor and vessel operator seals alliance with former Sevan Marine to build renewables presence....

Trade Wind News Published 4y-1mo-1w-6d-22h-38m ago

Tradewindsnews

Anglo American becomes shipowner with LNG-fuelled bulker order

Miner has now lined up six capesize newbuildings to move iron ore from its Brazil and South Africa to its global customers....

Trade Wind News Published 4y-1mo-1w-6d-22h-44m ago

Tradewindsnews

Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle

The need to replace 75% of its ageing tankers by 2035 means Norwegian owner is fully focused on future fuels....

Trade Wind News Published 4y-1mo-1w-6d-23h-26m ago

Tradewindsnews

Capital Maritime homes in on Athenian Sea Carriers’ VLCC berths

Greek shipowners trade tanker newbuildings at Hyundai Samho Heavy Industries....

Trade Wind News Published 4y-1mo-1w-6d-23h-26m ago

Tradewindsnews

CMA CGM eyes $1.2bn deal for up to 20 newbuildings

Champion of LNG fuelled ships is poised to order scrubber fitted panamaxes....

Trade Wind News Published 4y-1mo-1w-6d-23h-27m ago

Tradewindsnews

Pavimar takes part in bulker buying fiesta, but treads lightly

Panagiotidis family companies bet on panamaxes and kamsarmaxes amid hopes for a commodity supercycle....

Trade Wind News Published 4y-1mo-1w-6d-23h-27m ago

Tradewindsnews

Grieg Star sends third bulker for green scrapping in Turkey

Norwegian shipowner says dismantling process is expected to take around 14 weeks to complete....

Trade Wind News Published 4y-1mo-2w-1h-30m ago

Tradewindsnews

Grieg Star sends second bulker for green scrapping in Turkey

Norwegian shipowner says dismantling process is expected to take around 14 weeks to complete....

Trade Wind News Published 4y-1mo-2w-1h-30m ago

Tradewindsnews

ONE Apus sails from Kobe after three month discharge operation

But Ocean Network Express containership faces further delays berthing in US due to port congestion....

Trade Wind News Published 4y-1mo-2w-5h-19m ago

Tradewindsnews

China Minsheng pockets quick profit in 'win-win' newbuild resale deal with Yasa Shipping

Chinese shipowner carries out resale for kamsarmaxes just three months after signing up for the vessels....

Trade Wind News Published 4y-1mo-2w-6h-14m ago

Tradewindsnews

OSG reworking loan agreements as pandemic suppresses oil demand

The company said it would file its annual report late this year....

Trade Wind News Published 4y-1mo-2w-10h-7m ago

Tradewindsnews

Euroseas gets higher rates in booming boxship market

The boxship owner may reinstate quarterly dividend as a result of this profitable period for the sector, chief executive Aristides Pittas says....

Trade Wind News Published 4y-1mo-2w-10h-15m ago

Tradewindsnews

Hapag-Lloyd acquires Africa specialist NileDutch

Deal strengthens German liner operators foothold in the African market....

Trade Wind News Published 4y-1mo-2w-12h-27m ago

Tradewindsnews

Diana Shipping sale of panamax bulker shows secondhand prices moving up

Price tag shows a premium of a few million dollars compared to a similar units sold in early February, in line with stronger panamax market....

Trade Wind News Published 4y-1mo-2w-12h-35m ago

Tradewindsnews

Wilson Sons takes stake in waterway digital twinning start-up

System developed by Israeli company Docktech is already in place in two ports....

Trade Wind News Published 4y-1mo-2w-13h-12m ago

Tradewindsnews

STX Offshore adds order for tanker quartet as it foresees newbuilding rush

South Korean shipbuilder clinches MR and three smaller vessels, and expects more soon....

Trade Wind News Published 4y-1mo-2w-13h-36m ago

Tradewindsnews

Dynagas LNG Partners looking at charter options for next available vessel

LNG carrier owner continues cost cutting with new management agreement on its six ship fleet....

Trade Wind News Published 4y-1mo-2w-14h-38m ago

Tradewindsnews

Foresight’s Mehrotra eyes LNG fleet expansion for Shipping Corp of India

Industry veteran believes another 100 vessels are needed for Indian imports....

Trade Wind News Published 4y-1mo-2w-15h ago

Tradewindsnews

Celsius Shipping sells containership for more than double the purchase price

Danish shipowner confirms profitable asset play for Chinese built vessel....

Trade Wind News Published 4y-1mo-2w-15h-5m ago

Tradewindsnews

Regional Container Lines takes boxship spending to $90m with fourth buy

Thai liner operator pounces on Tsakos boxship as tonnage providers cash in on market recovery....

Trade Wind News Published 4y-1mo-2w-15h-30m ago

Tradewindsnews

Panamax boxship rates hit 16-year high at $35,000 per day

Containership values head north as charter market rides Maersk fixing spree....

Trade Wind News Published 4y-1mo-2w-17h-1m ago

Tradewindsnews

Stars finally aligned for chemical tanker market recovery

Rising demand and a small orderbook could breathe new life into shipowners after years of weak rates....

Trade Wind News Published 4y-1mo-2w-17h-2m ago

Tradewindsnews

Solstad sells stacked AHTS duo as fleet trimming continues

Norwegian owner finds new home for large vessels it took delivery of in 2013....

Trade Wind News Published 4y-1mo-2w-17h-20m ago

Tradewindsnews

Klaveness tech unit unveils 'digital twin' system to cut aluminium cargo waste

Norwegian tech company tackling Scope 3 emissions through new system that could be rolled out to other sectors....

Trade Wind News Published 4y-1mo-2w-17h-23m ago

Tradewindsnews

Shipping coalition launches bid to buy Covid-19 vaccines

An industry working group has approached the WHO about acquiring vaccines through the Covax programme....

Trade Wind News Published 4y-1mo-2w-17h-46m ago

Tradewindsnews

Apprenticeships to equip the autonomous crews of tomorrow

Training company working with Fugro, Shipowners amp 39 Club and others to boost skills as nature of seafaring changes....

Trade Wind News Published 4y-1mo-2w-18h-43m ago

Tradewindsnews

Zodiac Maritime scales up VLGC fleet with three newbuildings

Eyal Ofer led company is paying $234m for its next generation of dual fuel vessels....

Trade Wind News Published 4y-1mo-2w-18h-43m ago

Tradewindsnews

Shell ‘in a rush’ to wrap up next LNG bunker vessel newbuilding

Talks on 12,000 cbm ship as energy major moves to extend global reach....

Trade Wind News Published 4y-1mo-2w-19h-14m ago

Tradewindsnews

Zero-carbon projects double in Asia as ammonia tests rise

Second biannual mapping of decarbonisation vessel projects by Getting to Zero Coalition shows significant rise in schemes trying out ammonia for big ships....

Trade Wind News Published 4y-1mo-2w-19h-33m ago

Tradewindsnews

Asset play: Stamatis Molaris adds fuel to Greek panamax sale train

Empire Bulkers, Chronos Shipping and Vrontados are said to have offloaded panamaxes built between 2001 and 2006 — for asset play or fleet renewal....

Trade Wind News Published 4y-1mo-2w-20h-35m ago

Tradewindsnews

North Star triumphs in Equinor's $376m wind farm vessel tender

Aberdeen owner makes stunning entry into SOV sector by winning international battle for Dogger Bank ships....

Trade Wind News Published 4y-1mo-2w-21h-6m ago

Tradewindsnews

IEA expects bunker demand growth to slow, but low-sulphur fuel gaining ground

Paris based agency expects better fuel efficiency and weak trade growth in coming years....

Trade Wind News Published 4y-1mo-2w-21h-11m ago

Tradewindsnews

Japanese lenders start to pile in on Poseidon Principles

More Tokyo based banks are signing up to the green ship finance initiative as Japan gets serious on decarbonisation....

Trade Wind News Published 4y-1mo-2w-21h-11m ago

Tradewindsnews

Wartsila to trial carbon capture on ships using scrubbers

Finnish technology company believes exhaust cleaners have the potential to directly tackle CO2 emissions....

Trade Wind News Published 4y-1mo-2w-21h-49m ago

Tradewindsnews

Trafigura shipping chief trades an inconvenient truth over true cost of CO2 cuts

Unpalatable facts about the true cost of decarbonisation should act as a wake up call for shipping....

Trade Wind News Published 4y-1mo-2w-22h-12m ago

Tradewindsnews

IMO expresses concern over seafarers caught in China-Australia dispute

Statement comes as Panama requests United Nations regulator amp 39 s help in mediating the situation....

Trade Wind News Published 4y-1mo-2w-22h-46m ago

Tradewindsnews

De Poli makes contact with 15 kidnapped tanker crew members

Italian operator says seafarers doing well under difficult circumstances....

Trade Wind News Published 4y-1mo-2w-23h-18m ago

Tradewindsnews

As traditional pipeline runs dry, new ship management business models emerge

Ship managers have been unable meet and greet new clients in the past year but new ways of working are opening up....

Trade Wind News Published 4y-1mo-2w-23h-25m ago

Tradewindsnews

Satellites and forensics unravel identity of Israel oil spill tanker

Maritime intelligence company Windward used state of the art data technology and old fashioned detective work to uncover source of spill....

Trade Wind News Published 4y-1mo-2w-23h-30m ago

Tradewindsnews

Nomura upgrades KSOE due to strong newbuilding intake in 2021

Investment bank said it expects to see a continuation of the strong level of orders for containerships....

Trade Wind News Published 4y-1mo-2w-1d-43m ago

Tradewindsnews

Tasmania ditches desire to build TT-Line ropaxes at domestic shipyards

Finnish shipbuilder Rauma likely to benefit from decision by state government that building ferries in Australia may be too risky....

Trade Wind News Published 4y-1mo-2w-1d-2h-5m ago

Tradewindsnews

Denmark to take on pirates with naval deployment to Gulf of Guinea

Danish authorities say a frigate will carry special forces trained to conduct rescue operations on hijacked ships....

Trade Wind News Published 4y-1mo-2w-1d-3h-47m ago

Tradewindsnews

DryLog deal shifts ArcelorMittal shipping into the black

Shipping has become a net money earner for mining and steel giant a year after it handed control of Global Chartering Ltd to partner DryLog....

Trade Wind News Published 4y-1mo-2w-1d-5h-55m ago

Tradewindsnews

Zodiac capesize fixed to lift cargo of logs in ‘industry first’

News of charter comes hot on the heels of recent deal to use similar sized bulker to ship grain from Brazil to Europe....

Trade Wind News Published 4y-1mo-2w-1d-6h-3m ago

Tradewindsnews

China will 'stick to the guns' on making more steel

The futures market is more so an indicator of the present, Bimco amp 39 s Peter Sand says....

Trade Wind News Published 4y-1mo-2w-1d-9h-17m ago

Tradewindsnews

Russia works to free seafarer kidnapped from tanker

The Russian national was one of 15 taken off a chemical tanker on 11 March....

Trade Wind News Published 4y-1mo-2w-1d-10h-16m ago

Tradewindsnews

Baltic Dry Index breaks 2,000 points for first time in five months

Firmer markets for capesize and panamax bulkers are behind the BDI amp 39 s comeback....

Trade Wind News Published 4y-1mo-2w-1d-10h-55m ago

Tradewindsnews

Bimco's Kaptanoglu urges international anti-piracy effort in the Gulf of Guinea

‘Enough is enough’, says Turkish owner, asking for a multilateral approach to repel and discourage attackers....

Trade Wind News Published 4y-1mo-2w-1d-12h-58m ago

Tradewindsnews

Crowley partners with Danish SOV owner to target US offshore wind sector

Joint venture will own and operate US flagged vessels designed to support offshore wind turbine installations....

Trade Wind News Published 4y-1mo-2w-1d-13h-9m ago

Tradewindsnews

Ardmore Shipping's hydrogen joint venture drawing interest

Tanker owner amp 39 s newest investment could be cash flow positive by next year....

Trade Wind News Published 4y-1mo-2w-1d-13h-24m ago

Tradewindsnews

Ardmore's hydrogen joint venture already drawing interest

The tanker owner amp 39 s newest investment could be cash flow positive by next year....

Trade Wind News Published 4y-1mo-2w-1d-13h-24m ago

Tradewindsnews

TNG clears debt runway in $35.5m tanker deal with ABN Amro

Croatian shipowner completes second half of fleet refinancing to reduce costs....

Trade Wind News Published 4y-1mo-2w-1d-14h-42m ago

Tradewindsnews

Axxis Geo warns of wipe out for creditors if restructuring fails

Vote on refinancing plan expected in April as Arne Fredly and other investors prepare equity injection....

Trade Wind News Published 4y-1mo-2w-1d-14h-46m ago

Tradewindsnews

New Fortress buys two jack-up rigs for new FLNG units

Company is adding two new LNG terminals to its portfolio, gearing up for its Brazilian buys and moving forward on hydrogen....

Trade Wind News Published 4y-1mo-2w-1d-14h-59m ago

Tradewindsnews

Tanker brokerage MJLF launches spate of hiring amid company overhaul

Stamford company brings on ex Navig8 fixture to head Houston office....

Trade Wind News Published 4y-1mo-2w-1d-15h-49m ago

Tradewindsnews

Container lines call for change in face of transpacific chaos

Congestion in US ports is slowly easing, but long term solutions are needed....

Trade Wind News Published 4y-1mo-2w-1d-16h-33m ago

Tradewindsnews

Iran threatens Israel with response over IRISL boxship explosion

Iranian foreign minister says the country has the right to respond amid series of tit for tat shipping attacks....

Trade Wind News Published 4y-1mo-2w-1d-17h-18m ago

Tradewindsnews

Nikolaos Vafias flips capesize in profitable asset play amid bidding wars for bulkers

Greek shipowner benefits from market conditions to make more than $3m in profit from the sale of 16 year old ship....

Trade Wind News Published 4y-1mo-2w-1d-17h-37m ago

Tradewindsnews

New Fortress Energy powers up FLNG solution dubbed ‘Fast LNG’

Company expects to put first modular unit into operation by 2022....

Trade Wind News Published 4y-1mo-2w-1d-18h-33m ago

Tradewindsnews

Kondinave steps up post-panamax bet with new buys

Alexis Kondilis led outfit emerges behind deal for former Sato Steamship vessel....

Trade Wind News Published 4y-1mo-2w-1d-18h-45m ago

Tradewindsnews

Thenamaris ups MR newbuilding tally at Hyundai Mipo Dockyard

Greek shipowner exercises option for tankers to be built at HMD amp 39 s sister yard Hyundai Vinashin....

Trade Wind News Published 4y-1mo-2w-1d-18h-45m ago

Tradewindsnews

Kiel Canal delays to increase as three more accidents reported

More damage said to have affected either end of key German waterway following recent spate of collisions....

Trade Wind News Published 4y-1mo-2w-1d-18h-46m ago

Tradewindsnews

London shipping week to go ahead as mix of in-person and virtual events

Decision taken on how to hold shipping gathering in London in September as UK plots its way out of pandemic....

Trade Wind News Published 4y-1mo-2w-1d-19h-13m ago

Tradewindsnews

Berge Bulk continues fleet expansion with pair of capesize buys

Singapore shipowner takes 2021 buying tally to three ships....

Trade Wind News Published 4y-1mo-2w-1d-19h-20m ago

Tradewindsnews

DHT wins charter cover for scrubber-fitted VLCC as LR2 activity picks up

Trafigura reportedly extends charter for DHT Peony by up to 11 months....

Trade Wind News Published 4y-1mo-2w-1d-20h-21m ago

Tradewindsnews

Delayed first KARMOL FSRU delivered for sea and gas trials

Vessel due to leave Singapore for Senegal in early April and be operational by June....

Trade Wind News Published 4y-1mo-2w-1d-20h-57m ago

Tradewindsnews

Tsuneishi to shift bulker production to China and the Philippines

Hiroshima based shipyard, which became famous for its bulker designs, is to focus on more specialised vessels....

Trade Wind News Published 4y-1mo-2w-1d-21h-55m ago

Tradewindsnews

Maritime must not miss out on innovation support from government

Grants are available for R amp D projects that fit the amp 39 build back better amp 39 mould, writes Leyton UK amp 39 s Matilda Hayward....

Trade Wind News Published 4y-1mo-2w-1d-22h-2m ago

Tradewindsnews

Shore staff frustrated by failures when crew changes collapsed

Seafarers were not the only ones to feel the strain....

Trade Wind News Published 4y-1mo-2w-1d-22h-13m ago

Tradewindsnews

'Amazing' response from owners as Bimco draws up S&P contract

Organisation receives feedback from hundreds of members....

Trade Wind News Published 4y-1mo-2w-1d-22h-41m ago

Tradewindsnews

Former Golden Ocean finance chief Per Heiberg re-emerges at Awilco LNG

Gas carrier owner amp 39 s previous CFO, Oyvind Ryssdal, quit in October....

Trade Wind News Published 4y-1mo-2w-1d-22h-45m ago

Tradewindsnews

Maritime journalists vital in clearing name of ships falsely accused of pollution

Public availability of tracking data often leads to amp 39 damning amp 39 evidence in mainstream press, even when it is not true....

Trade Wind News Published 4y-1mo-2w-1d-23h-31m ago

Tradewindsnews

Cido returns to boxships with $500m order on back of MSC charter

Low profile player inks up to four neo panamaxes at HHI....

Trade Wind News Published 4y-1mo-2w-1d-23h-31m ago

Tradewindsnews

Carnival says cruise line may not see full recovery until 2023

Cruise giant says smaller fleet will mean it will take longer to get back to pre crisis revenue levels....

Trade Wind News Published 4y-1mo-2w-2d-1h-58m ago

Tradewindsnews

Cobas Asset Management to vote against move to take Hoegh LNG private

Spanish investment firm says proposal significantly undervalues Oslo listed FSRU specialist....

Trade Wind News Published 4y-1mo-2w-2d-5h-43m ago

Tradewindsnews

Tidewater elevates two to its leadership team

Sam Rubio and David Darling both held roles in the company already....

Trade Wind News Published 4y-1mo-2w-2d-7h-34m ago

Tradewindsnews

Ardmore Shipping launches hydrogen power joint venture

The deal with Maritime Partners and Element 1 creates e1 Marine....

Trade Wind News Published 4y-1mo-2w-2d-9h-18m ago

Tradewindsnews

Ardmore launches hydrogen power joint venture

The deal, with Maritime Partners and Element 1 creates e1 Marine....

Trade Wind News Published 4y-1mo-2w-2d-9h-18m ago

Tradewindsnews

Apollo Management representative leaving Genco Shipping board

Departure comes after private equity firm sells most of its stake in New York owner....

Trade Wind News Published 4y-1mo-2w-2d-10h-7m ago

Tradewindsnews

Pangaea Logistics seals sixth straight profitable year as public company

Rhode Island based operator also sees off two directors who had been supporters since 2008....

Trade Wind News Published 4y-1mo-2w-2d-10h-12m ago

Tradewindsnews

Pangaea Logistics seals sixth straight profitable year as public owner

Rhode Island based operator also sees off two directors who had been supporters since 2008....

Trade Wind News Published 4y-1mo-2w-2d-10h-12m ago

Tradewindsnews

Panama asks IMO for help with China-Australia coal dispute

Panama wants UN agency to intervene on behalf of seafarers and shipowners....

Trade Wind News Published 4y-1mo-2w-2d-10h-19m ago

Tradewindsnews

Aframax tanker earnings rise to eight-month high on Europe trade

Brokers report strong intra European cargo flows but outlook remains uncertain amid renewed outbreaks....

Trade Wind News Published 4y-1mo-2w-2d-10h-22m ago

Tradewindsnews

Capesize bulkers keep rising amid China's building bonanza

The nation amp 39 s steel output is up 13% through the first two months of this year compared to same period in 2020....

Trade Wind News Published 4y-1mo-2w-2d-11h-15m ago

Tradewindsnews

Marius Hermansen exits boards of Fredriksen shipping companies

High profile appointments will replace Hermansen on the boards of Golden Ocean Group and Flex LNG....

Trade Wind News Published 4y-1mo-2w-2d-12h-3m ago

Tradewindsnews

ADS Maritime's largest shareholder SFL Corp sells stake to Bjorn Tore Larsen

Larsen has just been announced as Marius Hermansen amp 39 s successor on the board of Golden Ocean Group....

Trade Wind News Published 4y-1mo-2w-2d-12h-4m ago

Tradewindsnews

Ostensjo and Wilhelmsen venture Edda Wind prepares for Oslo IPO

Joint venture also reveals order for two more service operation vessels in Spain....

Trade Wind News Published 4y-1mo-2w-2d-14h-42m ago

Tradewindsnews

Eagle Bulk plays the ATM card in $50m filing

Bulker owner references ultramax acquisitions but fundraising option is not believed to be connected to imminent deal....

Trade Wind News Published 4y-1mo-2w-2d-14h-49m ago

Tradewindsnews

Fujairah's oil company files claim on cargo seized by US

Company backed by emirate amp 39 s ruler argues the oil was not Iranian at all....

Trade Wind News Published 4y-1mo-2w-2d-15h-20m ago

Tradewindsnews

Castor adds eighth ship since January with $17m kamsarmax buy

Nasdaq listed owner continues to expand its fleet at a cost of more than $100m this year....

Trade Wind News Published 4y-1mo-2w-2d-16h-8m ago

Tradewindsnews

Bahri beefs up chemical fleet in nine-ship charter from Peter Georgiopoulos' UACC

Saudi Arabian shipowner takes back vessels it formerly managed as it aims for supremacy in IMO type 2 MR sector....

Trade Wind News Published 4y-1mo-2w-2d-17h-5m ago

Tradewindsnews

Product tanker duo helps lead US shipping stocks to another big week

Investors look to be anticipating recovery ahead for long punished sector....

Trade Wind News Published 4y-1mo-2w-2d-17h-35m ago

Tradewindsnews

Contrasting fortunes of renewables and oil and gas OSV markets to continue, Clarksons says

Stephen Gordon points to big spending on offshore wind projects while oil demand remains fragile....

Trade Wind News Published 4y-1mo-2w-2d-18h-6m ago

Tradewindsnews

Eneos splashes out $160m on dual-fuel VLGCs at Hyundai Heavy

Gas carriers were ordered against charter contracts with France’s Total and Dubai’s BGN International....

Trade Wind News Published 4y-1mo-2w-2d-18h-52m ago

Tradewindsnews

More attacks expected after Bourbon OSV boarded off Benin

French owner confirms crew safe and well after retreating to citadel....

Trade Wind News Published 4y-1mo-2w-2d-19h-22m ago

Tradewindsnews

Sovcomflot reveals $207m Glencore LR1 refinancing as profit rises

Contract backlog now stands at $24bn after Arctic LNG charters signed....

Trade Wind News Published 4y-1mo-2w-2d-19h-22m ago

Tradewindsnews

AAL expands fleet with series of multipurpose heavylift sisterships

Four G class vessels are taken from Cyprus based management outfits....

Trade Wind News Published 4y-1mo-2w-2d-19h-23m ago

Tradewindsnews

Excelerate Energy teams with ExxonMobil on Albania LNG terminal

Companies sign agreement to conduct a feasibility study....

Trade Wind News Published 4y-1mo-2w-2d-20h-25m ago

Tradewindsnews

OSM launches Danish chemical tanker venture as Navig8 signs on

Norwegian ship manager amp 39 s new business in Copenhagen aims to grow fleet to 30 ships as it targets high end units....

Trade Wind News Published 4y-1mo-2w-2d-21h-29m ago

Tradewindsnews

Eidesvik Offshore seeks debt solution after deferring payments

Norwegian owner banks $30m from Shearwater stock sale but needs long term fix....

Trade Wind News Published 4y-1mo-2w-2d-21h-47m ago

Tradewindsnews

Woodside and Trafigura claim a first for carbon-offset condensate shipping

Producer and trader working on measuring emissions from extracting and transporting Pluto LNG cargoes....

Trade Wind News Published 4y-1mo-2w-2d-22h-13m ago

Tradewindsnews

Technology the silver lining of virus as catalyst for change in ship management

Pandemic would have hit harder without digital technology — and remote services are here to stay despite demand for traditional human touch....

Trade Wind News Published 4y-1mo-2w-2d-22h-20m ago

Tradewindsnews

Ship managers faced their toughest test in crew-change crisis

Ship managers scrambled to cope with Covid 19 pandemic as a global lockdown blew up contingency plans....

Trade Wind News Published 4y-1mo-2w-2d-22h-21m ago

Tradewindsnews

Crew change not as bad in Covid-19's second wave, but problems persist

Ship managers struggled as countries that said they were open then barred crew changes — while new restrictions are still driving up costs....

Trade Wind News Published 4y-1mo-2w-2d-23h-28m ago

Tradewindsnews

EEX eyes growing role of freight traders in carbon markets

Clearing house sees windfall from shipping amp 39 s interest in carbon trading....

Trade Wind News Published 4y-1mo-2w-2d-23h-30m ago

Tradewindsnews

Intermanager sees second-party partnerships and standards as way to attract owners

Industry organisation is seeking to convince owners who do not use managers that maybe they should....

Trade Wind News Published 4y-1mo-2w-2d-23h-31m ago

Tradewindsnews

India crude-source switch ‘music to the ears of tanker owners’, says Poten

Shipbroker says changing trading pattern will increase tonne miles and see switch to large tankers such as VLCCs....

Trade Wind News Published 4y-1mo-2w-3d-28m ago

Tradewindsnews

SSY: Looming special surveys may prompt more tanker scrapping in 2021

Shipbroker says move due to a combination of weak earnings outlook and rising operating costs....

Trade Wind News Published 4y-1mo-2w-3d-3h-11m ago

Tradewindsnews

Hafnia hopes upgrades can breathe new life into older tankers

BW Group controlled owner using a series of propeller improvements to get more out of under performing tonnage....

Trade Wind News Published 4y-1mo-2w-3d-5h-54m ago

Tradewindsnews

Clarksons Platou splits out eco tanker assessments to show rate gap

Investment bank begins reporting different rates for vessels built after 2015 due to fuel consumption levels....

Trade Wind News Published 4y-1mo-2w-3d-10h-24m ago

Tradewindsnews

Bulkers suffer water ingress after colliding in Aegean

....

Trade Wind News Published 4y-1mo-2w-4d-21h-41m ago

Tradewindsnews

Capesize bulkers fixed on period amid strong forward curve

Huge US spending plan benefitting dry bulk market, according to Clarksons Platou Securities....

Trade Wind News Published 4y-1mo-2w-5d-10h-38m ago

Tradewindsnews

Saade family increases stake in CMA CGM as profits boom

Shareholders increase grip on leading French liner company, where profits hit $1.75bn....

Trade Wind News Published 4y-1mo-2w-5d-11h-31m ago

Tradewindsnews

Saade family increase stake in CMA CGM as profits boom

Shareholders increase grip on leading French liner company where profits hit $1.75bn....

Trade Wind News Published 4y-1mo-2w-5d-11h-31m ago

Tradewindsnews

Repsol bunkers Furetank newbuilding with carbon neutral LNG

Volumes were offset using credits from Spanish solar energy project....

Trade Wind News Published 4y-1mo-2w-5d-13h-2m ago

Tradewindsnews

Springtime has come for product tankers amid buoyant east-of-Suez trade

LRs and MRs are enjoying rate hikes with healthy demand outlook and refinery maintenance....

Trade Wind News Published 4y-1mo-2w-5d-13h-14m ago

Tradewindsnews

MR spot market misery and impairments push TNG to $10m loss

Croatian tanker owner says Covid 19 demand hits cost it dearly in the second half of 2020....

Trade Wind News Published 4y-1mo-2w-5d-14h-17m ago

Tradewindsnews

International Seaways expects 'double-digit returns' on Shell project

Finance chief Jeffrey Pribor says expected high advance ratio from banks keeps owner amp 39 s equity commitment low....

Trade Wind News Published 4y-1mo-2w-5d-14h-32m ago

Tradewindsnews

IRISL says explosion on board boxship was a 'terrorist attack'

Confirmation of explosion by Iranian shipowner comes as reports circulate that Israel had launched attacks on Iranian ships....

Trade Wind News Published 4y-1mo-2w-5d-14h-37m ago

Tradewindsnews

Diamond S says suezmax sales highlight value ahead of expected upturn

Product tanker owner keeps faith amid poor fourth quarter results....

Trade Wind News Published 4y-1mo-2w-5d-14h-59m ago

Tradewindsnews

GNMTC moves to renew its aframax fleet

State owned player has added three units that are fixed out on time charters....

Trade Wind News Published 4y-1mo-2w-5d-15h-30m ago

Tradewindsnews

Fire breaks out on MSC cruiseship in Greece

Ship said to have been idling in the port of Corfu, no victims reported so far....

Trade Wind News Published 4y-1mo-2w-5d-15h-46m ago

Tradewindsnews

International Seaways logs earnings miss in tough fourth quarter

New York tanker owner guides to better crude rates but weaker clean product numbers in current period....

Trade Wind News Published 4y-1mo-2w-5d-16h-33m ago

Tradewindsnews

Take China's plans for iron ore cuts, and Brazil's for growth, with 'grain of salt', experts say

amp 39 What the Chinese government says and what the Chinese government does are two different things, amp 39 Commodore Research president Jeffrey Landsberg says....

Trade Wind News Published 4y-1mo-2w-5d-17h-1m ago

Tradewindsnews

Bimco sees S&P strength stalling crude tanker scrapping

Analyst Peter Sand says that despite low rates, owners are being tempted by sale prices to keep ships trading....

Trade Wind News Published 4y-1mo-2w-5d-17h-2m ago

Tradewindsnews

Remote surveys and training need cheaper satellite connectivity

Greater bandwidth would allow virtual inspections to be done at sea and problems to be diagnosed in advance....

Trade Wind News Published 4y-1mo-2w-5d-17h-2m ago

Tradewindsnews

Remote surveys and training need cheaper satellite connectivity

Greater bandwidth would allow virtual inspections to be done at sea and problems to be diagnosed in advance....

Trade Wind News Published 4y-1mo-2w-5d-17h-2m ago

Tradewindsnews

K Line taps green finance in Japan for car carrier newbuilding

Compatriot banks provide climate transition finance for LNG powered ship....

Trade Wind News Published 4y-1mo-2w-5d-17h-15m ago

Tradewindsnews

Itochu to develop ammonia bunkering infrastructure in Japan

Japanese trading house will work with Ube Industries and Uyeno Transtech to reduce carbon emissions....

Trade Wind News Published 4y-1mo-2w-5d-18h-40m ago

Tradewindsnews

Hanseatic Unity strengthens handysize pool with Transworld bulkers

Addition of two more handysizes takes tally of Hamburg and Singapore managed pool to 23 bulkers....

Trade Wind News Published 4y-1mo-2w-5d-18h-44m ago

Tradewindsnews

Adnoc L&S linked to resale deal for Chinese VLCC newbuilding

Middle Eastern shipowner’s hunger for large tanker tonnage appears undimmed....

Trade Wind News Published 4y-1mo-2w-5d-18h-50m ago

Tradewindsnews

Russian operator denies breaking Danish law after 28 seafarers arrested

Morwenna Shipping says its lawyers are trying to resolve a row over an alleged lack of work permits for tug crews....

Trade Wind News Published 4y-1mo-2w-5d-19h-16m ago

Tradewindsnews

Evangelos Pistiolis doubles VLCC order at Hyundai to eight ships

Greek shipowner ups its bet on tanker market recovery with a VLCC orderbook at the South Korean yard that approaches $800m....

Trade Wind News Published 4y-1mo-2w-5d-19h-21m ago

Tradewindsnews

Dee4 clients book three MR tanker newbuildings at Hyundai Mipo

Carsten Mortensen led outfit is now tied to a total of five product carriers worth $175m on order at HMD....

Trade Wind News Published 4y-1mo-2w-5d-19h-51m ago

Tradewindsnews

Dutch ammonia and methanol producer OCI targets shipping

Company says its products are amp 39 the only practical alternatives to decarbonise long distance shipping amp 39 ....

Trade Wind News Published 4y-1mo-2w-5d-20h-26m ago

Tradewindsnews

Pacific Island countries call for $100 fuel levy to combat climate change

Marshall and Solomon islands propose lion amp 39 s share of funds should go to mitigate impact of climate change....

Trade Wind News Published 4y-1mo-2w-5d-21h-34m ago

Tradewindsnews

Pandemic proves ship management is a people business at heart

The way in which ship managers have cared for crews and clients will likely define how well they come out of the coronavirus pandemic....

Trade Wind News Published 4y-1mo-2w-5d-21h-46m ago

Tradewindsnews

Pandemic proves ship management is a people business at heart

The way in which ship managers have cared for crews and clients will likely define how well they come out of the coronavirus pandemic....

Trade Wind News Published 4y-1mo-2w-5d-21h-46m ago

Tradewindsnews

Three seafarers dead and two missing as two cargoships sink in European storms

The Dana Trader and Volgo Balt 179 lost in the Mediterranean and Black Sea....

Trade Wind News Published 4y-1mo-2w-5d-22h-7m ago

Tradewindsnews

Nordea's shipping supremos say hunt is on for new business

But Thor Erik Bech and Geir Atle Lerkerod have no plans to seek fresh offshore projects this year....

Trade Wind News Published 4y-1mo-2w-5d-23h-27m ago

Tradewindsnews

Simon Mokster eyes biogas for fleet as it cuts emissions by 14%

Private Norwegian offshore vessel owner reveals big plans for decarbonisation in first sustainability report....

Trade Wind News Published 4y-1mo-2w-5d-23h-27m ago

Tradewindsnews

Time for owners to go green for best loan pricing, Nordea says

Shipping finance division says sustainability linked loans and bonds are increasingly important in talks with owners....

Trade Wind News Published 4y-1mo-2w-5d-23h-27m ago

Tradewindsnews

Explosive-laden remote-controlled skiff behind 2020 attack on BW Rhine

Hafnia also gives an insight into the lengths taken to protect its fleet from multiple security threats....

Trade Wind News Published 4y-1mo-2w-5d-23h-50m ago

Tradewindsnews

Legendary ocean liner Queen Mary available for ‘charter’ until 2082

Leaseholder wants out of what is arguably the most famous passenger ship ever built....

Trade Wind News Published 4y-1mo-2w-6d-2h-31m ago

Tradewindsnews

Legendary liner Queen Mary available for ‘charter’ until 2082

Leaseholder wants out of what is arguably the most famous passenger ship ever built.....

Trade Wind News Published 4y-1mo-2w-6d-2h-31m ago

Tradewindsnews

Cunard to launch 'staycation' cruises as UK prepares to exit latest lockdown

Cruise line says with domestic travel back on the horizon it is introducing short trips for British residents....

Trade Wind News Published 4y-1mo-2w-6d-5h-39m ago

Tradewindsnews

Buoyant supramax market spawns string of S&P deals

With freight rates on a 10 year high and asset values rising, some supramax owners move to sell....

Trade Wind News Published 4y-1mo-2w-6d-6h-23m ago

Tradewindsnews

Apollo Management confirms sell-off of 4m Genco Shipping shares

Foundational private equity backer is down to fewer than 400,000 units — or 1% of the stock....

Trade Wind News Published 4y-1mo-2w-6d-8h-36m ago

Tradewindsnews

Apollo Management confirms selloff of 4m Genco Shipping shares

Foundational private equity backer is down to fewer than 400,000 units, or 1% of the stock....

Trade Wind News Published 4y-1mo-2w-6d-8h-36m ago

Tradewindsnews

Crew kidnapped off chemical tanker in Gulf of Guinea

Nine armed pirates reportedly boarded the ship before taking 15 crew members hostage....

Trade Wind News Published 4y-1mo-2w-6d-9h-15m ago

Tradewindsnews

Explosion reported on Iranian boxship near Israel

The unconfirmed reports surfaced on social media....

Trade Wind News Published 4y-1mo-2w-6d-10h-46m ago

Tradewindsnews

Scorpio Tankers carries first jet fuel cargo 'in many months'

Robert Bugbee sees market turning for LR2s in last few days, with smaller tonnage next....

Trade Wind News Published 4y-1mo-2w-6d-11h-26m ago

Tradewindsnews

DNB’s Tsakonas: 'Words are cheap' in decarbonising shipping

Companies across shipping industry — including yards and charterers — are urged to ‘put their money where their mouth is’....

Trade Wind News Published 4y-1mo-2w-6d-12h-29m ago

Tradewindsnews

Shipowners should plan for, not plot against, inevitable EU carbon trading scheme

Real issues remain to be resolved over European Commission amp 39 s plans to tackle climate change, but much of the criticism is just foot dragging....

Trade Wind News Published 4y-1mo-2w-6d-13h-25m ago

Tradewindsnews

Morten Hoegh reveals thinking behind taking Hoegh LNG private

Chairman talks zero carbon solutions, share price disappointments, pandemic partnership search and priorities....

Trade Wind News Published 4y-1mo-2w-6d-13h-25m ago

Tradewindsnews

Epic Gas and Lauritzen Kosan finalise merger

A name change to BW Epic Kosan is on the way as fleet of 76 small LPG carriers comes together....

Trade Wind News Published 4y-1mo-2w-6d-13h-45m ago

Tradewindsnews

Rise in cargoes lifts struggling VLGC numbers off the floor

Baltic spot index boosted by 25% with help from buying interest in Asia....

Trade Wind News Published 4y-1mo-2w-6d-14h-53m ago

Tradewindsnews

Eastern Pacific sells pair of 13-year-old aframaxes

Tankers have reportedly gone to undisclosed Norwegian buyer....

Trade Wind News Published 4y-1mo-2w-6d-16h-24m ago

Tradewindsnews

d’Amico International Shipping bucks trend with fourth-quarter profit

Listed, more spot orientated rivals dipped into the red between October and December....

Trade Wind News Published 4y-1mo-2w-6d-17h-3m ago

Tradewindsnews

Decarbonisation is the new frontier for ship managers

Managers are looking to partner owners in finding alternative fuels and propulsion systems to operate greener ships....

Trade Wind News Published 4y-1mo-2w-6d-17h-39m ago

Tradewindsnews

Work could start on world's first ship tunnel next year

Norwegian project moves ahead as government gives green light for $334m construction....

Trade Wind News Published 4y-1mo-2w-6d-18h-10m ago

Tradewindsnews

RightShip reveals ‘significant expansion’ as it doubles vetting items

Ship vetting agency adds new welfare, human rights, flag and classification criteria....

Trade Wind News Published 4y-1mo-2w-6d-18h-21m ago

Tradewindsnews

Shell goes big with charter deals for 10 new LNG-fuelled VLCCs

Advantage Tankers, AET and International Seaways step up to build vessels at DSME against seven year deals....

Trade Wind News Published 4y-1mo-2w-6d-18h-31m ago

Tradewindsnews

Laskaridis reshuffle leaves Panos branch of family in charge of shipping

Laskaridis family delineates its extensive onshore and offshore assets to prepare handover to next generation....

Trade Wind News Published 4y-1mo-2w-6d-18h-43m ago

Tradewindsnews

Stena Line mounts multipronged effort to bring more women into its management ranks

Ferry owner hopes to have men and women in equal numbers someday....

Trade Wind News Published 4y-1mo-2w-6d-18h-43m ago

Tradewindsnews

First salvos filed in battle between management and activist over Tidewater board

Bob Robotti has put up three candidates for the offshore player amp 39 s board, while Tidewater accuses him of conflicts of interest....

Trade Wind News Published 4y-1mo-2w-6d-19h-1m ago

Tradewindsnews

Maersk linked to $1bn sale of its reefer container unit

Danish giant has not denied a report it is exploring disposal of Maersk Container Industry....

Trade Wind News Published 4y-1mo-2w-6d-19h-5m ago

Tradewindsnews

Biden bounce-back: Iranian tanker shipments to China rise amid change in Washington

Shipowners in sanctioned operations enjoy buoyant trade as others suffer from weak rates....

Trade Wind News Published 4y-1mo-2w-6d-19h-45m ago

Tradewindsnews

Has DPGC made an offer for SCI that the government cannot refuse?

Indian conglomerate says its amp 39 aggressive amp 39 bid for state shipowner will be hard to turn down....

Trade Wind News Published 4y-1mo-2w-6d-21h-5m ago

Tradewindsnews

Bimco proposes alternative carbon-efficiency rating to help older ships

Organisation working with naval architects to produce accurate reference speed where sea trial data has been lost....

Trade Wind News Published 4y-1mo-2w-6d-21h-8m ago

Tradewindsnews

American Club makes senior staff appointments in Piraeus

Marine insurer takes on Hill Dickinson partner and promotes another employee internally....

Trade Wind News Published 4y-1mo-2w-6d-21h-15m ago

Tradewindsnews

Apollo Management emerges behind huge sale of Genco Shipping shares

Private equity firm that employs Genco chairman sells most of its stake....

Trade Wind News Published 4y-1mo-2w-6d-22h-11m ago

Tradewindsnews

Floating wind player BW Ideol launches $68m share sale ahead of Oslo listing

BW Group backed French company set to debut on Euronext Growth exchange on 18 March....

Trade Wind News Published 4y-1mo-2w-6d-22h-47m ago

Tradewindsnews

Equinor ends KNOT Offshore charter as tanker owner reports engine damage

But US listed shuttle tanker owner says it has secured new three year fixed time charter contracts for the vessels....

Trade Wind News Published 4y-1mo-3w-1h-8m ago

Tradewindsnews

Equinor ends KNOT charter as MLP reports engine damage to second ship

But US listed master limited says it has secured new three year fixed time charter contracts for the vessels....

Trade Wind News Published 4y-1mo-3w-1h-8m ago

Tradewindsnews

Castor takes 2021 S&P spend to over $100m with latest kamsarmax buy

Rapidly expanding owner has now bought four kamsarmaxes, two LR2s and a capesize since January....

Trade Wind News Published 4y-1mo-3w-1h-56m ago

Tradewindsnews

Zhichuan International scraps rare hybrid container-passenger ship

Demoliton deal leaves only five of the type still in service worldwide....

Trade Wind News Published 4y-1mo-3w-1h-59m ago

Tradewindsnews

Samsung ordered to pay Stena $411m after losing drillship arbitration battle

Yard says decision sets a bad precedent for the delay of ship construction by buyers when market conditions worsen....

Trade Wind News Published 4y-1mo-3w-5h-12m ago

Tradewindsnews

China’s New Times homes in on $800m LNG-fuelled bulker deal

Rumours swirl over mystery backer behind latest move on newcastlemax newbuildings for Project Himalaya, but who is about to summit ....

Trade Wind News Published 4y-1mo-3w-6h-9m ago

Tradewindsnews

NYK Line sells 2011 capesize for strongest price in over two years

Asset prices continue to climb in resurgent dry markets as Japanese owner inks deal with Greek buyer....

Trade Wind News Published 4y-1mo-3w-6h-9m ago

Tradewindsnews

Newbuilding boom to test yards’ restraint in reactivating capacity

Major yards say they will keep redundant facilities shut over uncertainty of future costs....

Trade Wind News Published 4y-1mo-3w-6h-10m ago

Tradewindsnews

'Prexit' appears to be back for Genco Shipping as volume soars

Stocks sees highest turnover in two months, with rumours of a large block trade....

Trade Wind News Published 4y-1mo-3w-8h-15m ago

Tradewindsnews

Quest for carbon-neutral LNG cargoes ramps up

In a week of fresh moves, Poten says the spectre of carbon pricing is making buyer seller talks complex....

Trade Wind News Published 4y-1mo-3w-11h-56m ago

Tradewindsnews

Claim against Maran Tankers over scrapping death to go to trial

UK Court of Appeal confirms the right of victims of recycling yard accidents to bring compensation claims against shipowners....

Trade Wind News Published 4y-1mo-3w-12h-18m ago

Tradewindsnews

AlixPartners study: Carriers have a chance to break the cycle

Consultancy says the fundamentals are in place to break away from the boom bust cycle of the past 30 years....

Trade Wind News Published 4y-1mo-3w-12h-21m ago

Tradewindsnews

Study: Carriers have a chance to break the cycle

AlixPartners says the fundamentals are in place to breakaway from the boom bust cycle of the past 30 years....

Trade Wind News Published 4y-1mo-3w-12h-21m ago

Tradewindsnews

Boa Offshore hopeful of recovery in 2022 but markets still 'fragile'

Norwegian shipowner says there could be meaningful improvement in exploration, production and subsea work if vaccines solve pandemic problem....

Trade Wind News Published 4y-1mo-3w-15h-13m ago

Tradewindsnews

Avenir LNG’s second vessel eyed for first Sardinia terminal cargo

New Fortress Energy’s planned buy Hygo Energy Transition gets small scale newbuilding for Brazil....

Trade Wind News Published 4y-1mo-3w-15h-16m ago

Tradewindsnews

Singapore Exchange forces FSL Trust shareholder meeting to OK sales

SGX authorities suspend deal to divest tanker newbuildings, arguing it was not in the company amp 39 s amp 39 ordinary course of business’....

Trade Wind News Published 4y-1mo-3w-16h-2m ago

Tradewindsnews

Danish police arrest 28 Russian seafarers over 'illegal work'

Crew members were held in Rodbyhavn after probe into operations of two tugs....

Trade Wind News Published 4y-1mo-3w-16h-8m ago

Tradewindsnews

BHP ready for European carbon levy as a step to global tax

World’s biggest bulk shipping charterer backs carbon price as long as funds are used to develop alternative fuels as it moves ahead with LNG fuelling....

Trade Wind News Published 4y-1mo-3w-16h-16m ago

Tradewindsnews

Judge signs off on asset seizure in fight over China bulker hold-up

After spending 245 days at anchor, Transmed managed bulker at the centre of the dispute has left Caofeidian anchorage....

Trade Wind News Published 4y-1mo-3w-16h-38m ago

Tradewindsnews

Shipping should split $1trn green transition bill

Industry can gain an advantage by negotiating a favourable carbon pricing mechanism....

Trade Wind News Published 4y-1mo-3w-16h-38m ago

Tradewindsnews

Shipping groups want $5bn decarbonisation fund adopted by year-end

Industry associations declare support for ‘moonshot’ maritime research proposal officially submitted by leading shipping nations....

Trade Wind News Published 4y-1mo-3w-17h-27m ago

Tradewindsnews

Wan Hai plots $1bn newbuilding haul for neo-panamax tonnage

Taiwanese carrier set to order nine 13,000 teu vessels for long haul trades....

Trade Wind News Published 4y-1mo-3w-18h-7m ago

Tradewindsnews

Future of Bahrain LNG terminal in question as FSU chartered out

Talk of one year plus deal on Teekay LNG ship prompts speculation over future of import facility....

Trade Wind News Published 4y-1mo-3w-18h-40m ago

Tradewindsnews

James Gundy says ambitious Braemar has 'turned a big corner'

CEO outlines company amp 39 s clear focus for the future — and how it will handle the return to office working....

Trade Wind News Published 4y-1mo-3w-18h-42m ago

Tradewindsnews

Braemar sets its sights on carbon trading and renewables growth

CEO James Gundy says the two key areas have to be a major focus over the next five years....

Trade Wind News Published 4y-1mo-3w-18h-42m ago

Tradewindsnews

Exmar wins class approval for new ammonia-fuelled LPG vessel

Belgian shipowner teams up with Jiangnan Shipyard and Wartsila to follow up dual fuel VLGC breakthrough....

Trade Wind News Published 4y-1mo-3w-19h-45m ago

Tradewindsnews

Regional Container Lines continues boxship buying spree

Thai liner operator acquires another containership from Japanese owner as spending spree continues....

Trade Wind News Published 4y-1mo-3w-20h-5m ago

Tradewindsnews

Product tankers sold for recycling amid strong scrap market mood

A 2001 built LR2 and a 1997 built MR are heading to Bangladeshi breakers....

Trade Wind News Published 4y-1mo-3w-20h-12m ago

Tradewindsnews

Controversial livestock carrier to end Mediterranean Odyssey

Health concerns have caused the Togo flagged Elbeik to wander between Africa, Asia and Europe for almost three months, with 1,800 cattle on board....

Trade Wind News Published 4y-1mo-3w-20h-25m ago

Tradewindsnews

Onorato's Moby drops lawsuit against funds accused of attempting takeover

New York legal action ends after it prompted amp 39 productive discussions amp 39 with creditors....

Trade Wind News Published 4y-1mo-3w-20h-33m ago

Tradewindsnews

Ditching plans, Stena RoRo sells ropax to 2GO Travel

The Stena Nova is the first large ferry purchased by a Filipino company in over five years....

Trade Wind News Published 4y-1mo-3w-20h-37m ago

Tradewindsnews

Solstad fixes four PSVs while Equinor makes seismic survey moves

Norwegian shipowners have announced a series of contracts in North Sea....

Trade Wind News Published 4y-1mo-3w-20h-52m ago

Tradewindsnews

International Seaways pumps brakes on reports of older VLCC sale

The Seaways Tanabe is heading for the sales block but not quite yet, New York owner says....

Trade Wind News Published 4y-1mo-3w-20h-53m ago

Tradewindsnews

Qatar Petroleum teams up to look at new LNG carrier designs

Energy majors and Qatargas joined by designer, class society and yard to work on medium size and large vessels....

Trade Wind News Published 4y-1mo-3w-20h-59m ago

Tradewindsnews

Shipowners should plan not plot for inevitable EU carbon trading scheme

Real issues remain to be resolved over European Commission amp 39 s plans to tackle climate change, but much of the criticism is just foot dragging....

Trade Wind News Published 4y-1mo-3w-21h-48m ago

Tradewindsnews

Seafarers Hospital Society celebrates 200th birthday with tea and cake

TradeWinds’ column taking a sideways look at shipping....

Trade Wind News Published 4y-1mo-3w-21h-48m ago

Tradewindsnews

Cadeler clinches its biggest wind turbine deal worth up to $120m

Siemens Gamesa contracts Oslo listed shipowner to install the world amp 39 s biggest renewable structures....

Trade Wind News Published 4y-1mo-3w-21h-56m ago

Tradewindsnews

Shipping will be ‘uninvestable’ without carbon price soon, says Trafigura

Rasmus Bach Nielsen says shipowners must argue for strong financial incentives to cut carbon, or suffer the consequences....

Trade Wind News Published 4y-1mo-3w-22h-18m ago

Tradewindsnews

Niriis continues expansion drive as Primerose Shipping nears sale

Latest panamax deals show sale and purchase market for bulkers is still in rude health, but resistance from buyers is starting to build....

Trade Wind News Published 4y-1mo-3w-23h-26m ago

Tradewindsnews

Belships raises $17m to help fund recent ultramax acquisitions

Norwegian supramax and ultramax specialist said it sees lots of potential for expansion....

Trade Wind News Published 4y-1mo-3w-1d-51m ago

Tradewindsnews

Keppel teams-up with Maersk in ammonia bunkering initiative

Study will also involve Maersk Mc Kinney Moller Center for Zero Carbon Shipping, Sumitomo Corp and Yara International....

Trade Wind News Published 4y-1mo-3w-1d-4h ago

Tradewindsnews

SITC splashes $192m on eight feeder boxships at Yangzijiang

Latest deals lifts Chinese containership specialist amp 39 s order tally at compatriot yard to 25....

Trade Wind News Published 4y-1mo-3w-1d-6h-21m ago

Tradewindsnews

Ponant names new chief executive of growing fleet

Meanwhile, Carnival Corp appoints new general counsel to replace Arnoldo Perez....

Trade Wind News Published 4y-1mo-3w-1d-11h-26m ago

Tradewindsnews

Seaspan parent tipped to hold steady on dividend after massive ordering

Company priorities on debt reduction and investment grade rating likely to prevail....

Trade Wind News Published 4y-1mo-3w-1d-11h-34m ago

Tradewindsnews

Seaspan tipped to hold steady on dividend after massive ordering

Company priorities on debt reduction and investment grade rating likely to prevail....

Trade Wind News Published 4y-1mo-3w-1d-11h-34m ago

Tradewindsnews

Capesize futures heat up as FFAs for smaller bulkers cool off

Panamax FFA contracts lose steam as physical rates move downward in mid size sector....

Trade Wind News Published 4y-1mo-3w-1d-13h-41m ago

Tradewindsnews

Capesize futures heat up, smaller-asset FFAs cool off

The freight forward agreement FFA rate for supramaxes stand at $14,004 per day for the fourth quarter, according to Baltic Exchange....

Trade Wind News Published 4y-1mo-3w-1d-13h-41m ago

Tradewindsnews

Uniper teams up on move to grow green methanol as a marine fuel

New group eyeing small European vessels and container feederships to kick start demand....

Trade Wind News Published 4y-1mo-3w-1d-13h-54m ago

Tradewindsnews

Trafigura terminals venture starts carbon-neutral freight service

Global operator Impala offsetting its emissions with investments in eco projects....

Trade Wind News Published 4y-1mo-3w-1d-15h-15m ago

Tradewindsnews

Lay-ups looming: 'Cheaper to stand still' as VLCCs hit lowest ebb in 25 years

Deutsche Bank pegs average rates at $1,000 per day, but scrubber fitted ships can earn a lot more than this....

Trade Wind News Published 4y-1mo-3w-1d-16h-47m ago

Tradewindsnews

Monjasa shaves two days off Panama Canal fuelling times with new tanker

The Monjasa Supplier enables outer anchorage loading off Cristobal to save time....

Trade Wind News Published 4y-1mo-3w-1d-17h-15m ago

Tradewindsnews

Maersk Product Tankers unveils record annual profits with 20-ship sales

Danish shipowner also boosted by strong earnings between January and June....

Trade Wind News Published 4y-1mo-3w-1d-17h-56m ago

Tradewindsnews

Seaspan adds to newbuilding pile with another six neo-panamax boxships

Relentless ordering spree lifts shipowner amp 39 s tally to 31 ships....

Trade Wind News Published 4y-1mo-3w-1d-18h-25m ago

Tradewindsnews

Dry bulk stocks have run amok in 2021, but are they still a good bet?

Jefferies amp 39 Randy Giveans lays out what could happen from here after two strong months for US listed shares....

Trade Wind News Published 4y-1mo-3w-1d-18h-36m ago

Tradewindsnews

Analyst chorus remains strongly behind dry bulk play

Jefferies not alone in seeing more room for dry stocks to fly....

Trade Wind News Published 4y-1mo-3w-1d-18h-36m ago

Tradewindsnews

Longship expands fleet with order for two shortsea vessels

Shipowner says newbuildings represent a milestone for a company looking to grow....

Trade Wind News Published 4y-1mo-3w-1d-18h-37m ago

Tradewindsnews

World Shipping Council ups decarbonisation efforts with new hires

Liner association takes on well known industry figures to help sector reduce its carbon footprint....

Trade Wind News Published 4y-1mo-3w-1d-18h-57m ago

Tradewindsnews

Train sailing: Rod Stewart secures scarce boxship space for model railway

TradeWinds’ column taking a sideways look at shipping....

Trade Wind News Published 4y-1mo-3w-1d-19h-14m ago

Tradewindsnews

Bugbee bets on Scorpio Tankers in another options deal

Company president takes position in company with strike prices at $4 and $9 above current trading level....

Trade Wind News Published 4y-1mo-3w-1d-19h-15m ago

Tradewindsnews

Probe begins into why boxship hit lock gates twice in Kiel Canal

The Annalisa P collided on the way in and out of German waterway....

Trade Wind News Published 4y-1mo-3w-1d-19h-15m ago

Tradewindsnews

Hyundai shipyards rake in newbuilding contracts worth $733m

Hyundai Heavy Industries and Hyundai Mipo win orders for boxships, gas carriers and a tanker....

Trade Wind News Published 4y-1mo-3w-1d-19h-46m ago

Tradewindsnews

Wilhelmsen builds stake to 50% in Ostensjo's Edda Wind

Norwegian group exercises option to add 25% to investment made last year....

Trade Wind News Published 4y-1mo-3w-1d-20h-33m ago

Tradewindsnews

Braemar lines up broking investment push as chairman Ronald Series steps down

London listed company looks to US growth as it re emphasises central nature of shipbroking to the business....

Trade Wind News Published 4y-1mo-3w-1d-22h-34m ago

Tradewindsnews

Japan's Santoku Senpaku rebuilds fleet with newcastlemax and ultramax newbuildings

Company said to have paid $52m apiece for newcastlemax duo as deal for ultramax sextet emerges....

Trade Wind News Published 4y-1mo-3w-1d-23h-25m ago

Tradewindsnews

Cleaves sees differing paths for LNG and LPG after 'unprecedented collapse'

Investment bank bullish on VLGCs but believes fundamentals are against LNG carriers....

Trade Wind News Published 4y-1mo-3w-1d-23h-25m ago

Tradewindsnews

Meet the 'discreet' brokers who see clients as names not poker chips

Hanse Bereederung has been quietly going about its business for 40 years....

Trade Wind News Published 4y-1mo-3w-1d-23h-25m ago

Tradewindsnews

Hanse Bereederung says its 'fun to fix again' as it claims new feeder rate record

German shop — part of Schoeller Group — gives the inside track on boxship boom....

Trade Wind News Published 4y-1mo-3w-1d-23h-25m ago

Tradewindsnews

Hanse Bereederung targets bulker and pools expansion

Boxship and MPP specialist believes now is the time to build the team to diversify a little more....

Trade Wind News Published 4y-1mo-3w-1d-23h-25m ago

Tradewindsnews

Over 80,000 people have taken a Singapore ‘cruise to nowhere’

But city state to take its time over lifting 50% passenger capacity levels on current voyages....

Trade Wind News Published 4y-1mo-3w-2d-1h-32m ago

Tradewindsnews

South Korean yards see strong start to 2021 with more to come, say analysts

Affinity Shipping says yards are reluctant to commit to fresh orders as early berths are now full....

Trade Wind News Published 4y-1mo-3w-2d-5h-37m ago

Tradewindsnews

Saga LNG lines up fresh charter for small-scale vessel

Company locks in multi year deal with Chinese gas distributor....

Trade Wind News Published 4y-1mo-3w-2d-6h-5m ago

Tradewindsnews

Borealis Finance emerges as buyer of Klaveness boxship as Samudera sells again

Container vessels steadily change hands as asset prices keep rising....

Trade Wind News Published 4y-1mo-3w-2d-6h-5m ago

Tradewindsnews

Asian bargain hunting fuels Greek vintage tanker sales

Greek tanker majors offload ageing ships and make space for newbuildings despite lacklustre freight rates....

Trade Wind News Published 4y-1mo-3w-2d-6h-51m ago

Tradewindsnews

Bookfield hires Citi and DNB to search for partners to Altera

Altera Shuttle Tankers provides services to Equinor and other oil companies....

Trade Wind News Published 4y-1mo-3w-2d-11h-21m ago

Tradewindsnews

Brookfield hires Citi and DNB to search for partners to Altera

Altera Shuttle Tankers provides services to Equinor and other oil companies....

Trade Wind News Published 4y-1mo-3w-2d-11h-21m ago

Tradewindsnews

Johan Sverdrup exports to favour aframaxes and suezmaxes

Fewer VLCC shipments of Norwegian crude to Asia expected amid refinery maintenance in China....

Trade Wind News Published 4y-1mo-3w-2d-11h-44m ago

Tradewindsnews

Winter brings 'red hot' spot rates to ice-class ships

Golden Ocean Group achieved record $70,000 daily spot rate on one of its 18 ice class vessels....

Trade Wind News Published 4y-1mo-3w-2d-11h-53m ago

Tradewindsnews

Captain of ArcelorMittal bulker fined after fuel spill

Ship manager Anglo Eastern is fronting funds for clean up....

Trade Wind News Published 4y-1mo-3w-2d-13h-38m ago

Tradewindsnews

SCI claims world first with all-female officer team on tanker

Managing director Harjeet Kaur Joshi says owner will be amp 39 relentless amp 39 in pursuing diversity....

Trade Wind News Published 4y-1mo-3w-2d-14h-51m ago

Tradewindsnews

Tanker owners can enjoy ‘long-term gain’ despite false Opec+ hope

But experts say they need to cut sailing speeds and demolish old tonnage first....

Trade Wind News Published 4y-1mo-3w-2d-15h-9m ago

Tradewindsnews

Petredec doubles up on VLGC newbuildings in China

Giles Fearn led company backs LPG fuelling as it boosts Jiangnan orderbook....

Trade Wind News Published 4y-1mo-3w-2d-16h-14m ago

Tradewindsnews

AG&P gets greenlight for FSU-based Philippines LNG terminal

Company plans to be first to market with new Batangas Bay facility next year....

Trade Wind News Published 4y-1mo-3w-2d-17h-18m ago

Tradewindsnews

Game-changer: Stena Bulk enters combi carrier arena with new modular zero-emission design

Swedish owner says new hybrid ship will carry bulk cargoes and green fuels like ammonia and hydrogen in detachable pods....

Trade Wind News Published 4y-1mo-3w-2d-17h-24m ago

Tradewindsnews

Sinokor to sell two VLOCs for scrap as prices continue to firm

South Korean shipowner is turning its focus from ordering newbuildings to selling ships for demolition....

Trade Wind News Published 4y-1mo-3w-2d-17h-35m ago

Tradewindsnews

Hafnia eyes sale of older ships to clear the way for dual-fuel tankers

CEO Mikael Skov says Hafnia would aim to expand pools and expand through M amp A activity....

Trade Wind News Published 4y-1mo-3w-2d-18h-11m ago

Tradewindsnews

Clarksons pays tribute to colleagues who have died during pandemic

Chief executive Andi Case says premature losses have been hard for company and families....

Trade Wind News Published 4y-1mo-3w-2d-18h-29m ago

Tradewindsnews

Women of steel: female top executives in charge of major owned fleets

These are the nine chief executives, presidents and managing directors who control the largest merchant fleets in shipping by gross tonnage, including newbuildings....

Trade Wind News Published 4y-1mo-3w-2d-19h-7m ago

Tradewindsnews

Oshima close to acquiring Mitsubishi Heavy’s Koyagi shipyard

Deal will likely ramp up Japanese bulk carrier construction capacity after yard is pulled from LNG market....

Trade Wind News Published 4y-1mo-3w-2d-19h-25m ago

Tradewindsnews

Hafnia looks to second half for relief after loss-making end to 2020

Chief executive Mikael Skov said the products trade should rebound despite challenging start to year....

Trade Wind News Published 4y-1mo-3w-2d-19h-39m ago

Tradewindsnews

Clarksons takes $84m finance and offshore hit, but broking stays strong

Strong underlying profit allows broking giant to increase dividend again after tumultuous year....

Trade Wind News Published 4y-1mo-3w-2d-20h-33m ago

Tradewindsnews

Men just need to see us in action, says female captain

Women have to work harder to overcome preconceptions, Captain Alice Duncan tells TradeWinds....

Trade Wind News Published 4y-1mo-3w-2d-21h-8m ago

Tradewindsnews

Ammonia producer OCI ties up with Hartmann and MAN on shipping

Dutch company links with a second shipowner after earlier deal with Eastern Pacific Shipping....

Trade Wind News Published 4y-1mo-3w-2d-21h-14m ago

Tradewindsnews

Britannia’s Binnendijk says more needs to be done on gender equality

In nearly two decades working in P amp I, associate claims director has seen more doors opening for women....

Trade Wind News Published 4y-1mo-3w-2d-21h-46m ago

Tradewindsnews

Baltic’s key VLCC index hits record low with tepid activity and expensive bunker

But cargo supply fears ease as Ras Tanura emerges unscathed from Houthi attacks....

Trade Wind News Published 4y-1mo-3w-2d-22h-35m ago

Tradewindsnews

Key Saudi crude export hub 'undamaged' after Houthi rocket attack

Ras Tanura terminal targeted by drone and missile in a series of strikes....

Trade Wind News Published 4y-1mo-3w-2d-22h-35m ago

Tradewindsnews

CEO Craig Jasienski exits Wallenius Wilhelmsen as CFO steps up

Car carrier owner says mutual agreement ends 30 years of association with the group....

Trade Wind News Published 4y-1mo-3w-2d-22h-54m ago

Tradewindsnews

Enesel doubles down on LR2s with $100m Daehan deal

Lemos Group amp 39 s latest Daehan LR2 newbuildings are costing less than the product tankers it inked at the yard three years ago....

Trade Wind News Published 4y-1mo-3w-2d-23h-28m ago

Tradewindsnews

Leif Hoegh & Co aims to take Hoegh LNG private in $214m tie-up with Morgan Stanley

A second listed LNG shipowner looks set to exit the public markets in wake of GasLog amp 39 s deal with BlackRock....

Trade Wind News Published 4y-1mo-3w-2d-23h-47m ago

Tradewindsnews

Jinling bags four-ship bulker order worth nearly $100m

Bulk carrier newbuildings will be deployed for domestic trade....

Trade Wind News Published 4y-1mo-3w-3d-1h-13m ago

Tradewindsnews

Singapore aims to be shipping’s Silicon Valley as it eyes $15bn in inward investment

City state unveils bold plans as it looks to stay ahead of the competition to stop them ‘stealing its lunch’....

Trade Wind News Published 4y-1mo-3w-3d-3h-29m ago

Tradewindsnews

MOL, NYK Line and K Line set to share $500m ONE dividend

Japanese shipowners set to see first return on combined liner operation since its formation in 2017, say analysts....

Trade Wind News Published 4y-1mo-3w-3d-6h-1m ago

Tradewindsnews

Intra-Asian operator TS Lines revives IPO to tap liner sector interest

Privately owned Taiwanese liner operator could become the second liner operator to list this year....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

GS Energy teams up with Adnoc on hydrogen and fuel exports

South Korean and UAE groups want to grow Abu Dhabi amp 39 s green economy....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

How can shipping prevent its diversity drive going into reverse?

The number of women in leadership roles may be down, but decarbonisation and digitalisation offer a chance to rebalance boardrooms and executive teams....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

Industry’s women leaders hail new generation

Progress seen in new female executives and rejection of all male boards....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

Shipping’s women leaders hail new generation

Progress seen in new female executives and rejection of all male boards....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

Diana Shipping's Semiramis Paliou outlines her vision for inclusion and diversity

Daughter of company founder Simeon Palios wants to make a positive difference for women in the industry....

Trade Wind News Published 4y-1mo-3w-3d-9h-12m ago

Tradewindsnews

Marius Hermansen quits as COO of Seatankers Management

John Fredriksen amp 39 s lieutenant told TradeWinds the move is all his own decision....

Trade Wind News Published 4y-1mo-3w-4d-19h-12m ago

Tradewindsnews

Performance Shipping to be patient, strategic with equity raise

The aframax specialist is looking to double its fleet....

Trade Wind News Published 4y-1mo-3w-5d-8h-48m ago

Tradewindsnews

Performance Shipping to be patient and strategic with equity raise

Aframax specialist is looking to double the size of its fleet....

Trade Wind News Published 4y-1mo-3w-5d-8h-48m ago

Tradewindsnews

Pangaea Logistics continues fleet renewal with panamax buy

Ed Coll led owner finds an addition from Japan to work in Rhode Island owner amp 39 s Jamaican trade....

Trade Wind News Published 4y-1mo-3w-5d-10h-18m ago

Tradewindsnews

Will capesize bulker rates maintain upward trend?

Dry bulk shipping may or may not go into a supercycle, depending upon whom you ask....

Trade Wind News Published 4y-1mo-3w-5d-10h-38m ago

Tradewindsnews

Tidewater confident the worst of Covid-19 is behind it

Offshore could be back to where it was at the start of last year in the first quarter of 2020....

Trade Wind News Published 4y-1mo-3w-5d-12h-42m ago

Tradewindsnews

Eagle Bulk remains wary on time charter coverage in robust market

Amid best rates in nine years, Gary Vogel led owner still prefers other ways to lock in strong cash flow....

Trade Wind News Published 4y-1mo-3w-5d-14h-33m ago

Tradewindsnews

Eagle Bulk remains wary on time-charter coverage in robust market

Amid best rates in nine years, Gary Vogel led owner still prefers other ways to lock in strong cash flow....

Trade Wind News Published 4y-1mo-3w-5d-14h-33m ago

Tradewindsnews

Opec knock-back no 'game changer' for tankers, Clarksons Platou says

Analysts say rates should only take a slight dent from roll over of production quotas....

Trade Wind News Published 4y-1mo-3w-5d-15h-9m ago

Tradewindsnews

SGX confirms launch dates for clearing handysize bulker FFAs

FFA brokers hail amp 39 perfect timing amp 39 for the plan, which aims to kickstart trading of the derivatives....

Trade Wind News Published 4y-1mo-3w-5d-15h-19m ago

Tradewindsnews

Equinor keeping on Esvagt SOV for another five years

Owner renews charter for wind farm work off UK coast....

Trade Wind News Published 4y-1mo-3w-5d-15h-39m ago

Tradewindsnews

LNG rates crash to sub-$20,000 in eight weeks from dizzying $350,000 start to year

Market players surprised by sharpness of fall....

Trade Wind News Published 4y-1mo-3w-5d-15h-53m ago

Tradewindsnews

Period charter rates hold ground as Indian Oil fixes 20-year-old VLGC for a year

Charter comes as Indian market appears to give premium rates for LPG carrier owners....

Trade Wind News Published 4y-1mo-3w-5d-16h-46m ago

Tradewindsnews

Container freight rates register first steep drop since onset of pandemic

Significant falls seen during China amp 39 s lunar holiday but forecasts are for rates to remain high....

Trade Wind News Published 4y-1mo-3w-5d-16h-46m ago

Tradewindsnews

Tanker owner Mansimov could be freed as Turkish trial begins

Palmali Holding amp 39 s principal is accused of aiding terrorist organisation....

Trade Wind News Published 4y-1mo-3w-5d-16h-46m ago

Tradewindsnews

Bank forces another distressed liftboat sale as Chinese shipowner swoops

Singapore amp 39 s Ezion Holdings says UOB offloaded Teras Conquest 9 to clear vessel mortgage....

Trade Wind News Published 4y-1mo-3w-5d-17h-38m ago

Tradewindsnews

Yangzijiang Shipbuilding's 2021 order haul grows to $3bn

Chinese yard reveals fresh boxship and bulker deals worth $1.7bn....

Trade Wind News Published 4y-1mo-3w-5d-17h-39m ago

Tradewindsnews

Costamare reveals another pair of containership buys

Midsize, middle aged units attract Greek buying interest in booming boxship market....

Trade Wind News Published 4y-1mo-3w-5d-19h-21m ago

Tradewindsnews

Libya's GNMTC confirms it sold aframax linked to Israel oil spill

Environment minister points finger at Panama flag tanker....

Trade Wind News Published 4y-1mo-3w-5d-19h-21m ago

Tradewindsnews

Great Eastern adds capesize and supramax as older bulker shipped out

Sale and purchase merry go round keeps spinning as Indian owner expands fleet....

Trade Wind News Published 4y-1mo-3w-5d-19h-22m ago

Tradewindsnews

Dorian LPG upsizes buyback to $113m after huge response from investors

Stamford based VLGC player to repurchase more stock after offer was significantly oversubscribed....

Trade Wind News Published 4y-1mo-3w-5d-19h-54m ago

Tradewindsnews

Straits Orient Lines splashes out $15m on two boxships

Singapore feedership operator boosts owned fleet to 11 vessels....

Trade Wind News Published 4y-1mo-3w-5d-20h ago

Tradewindsnews

Eastern Pacific to retrofit part of fleet to run on methanol and ammonia

Shipowner teams up with OCI NV and MAN Energy Solutions to begin switch to two much talked about alternative fuels....

Trade Wind News Published 4y-1mo-3w-5d-21h-38m ago

Tradewindsnews

Italian owner Raffaele Brullo freed from house arrest in crash probe

Palermo court overturns decision of judge investigating Augusta Due principal over fatal tanker collision....

Trade Wind News Published 4y-1mo-3w-5d-22h-35m ago

Tradewindsnews

London High Court issues $96.3m judgment against Michael Zolotas in Piraeus Bank case

Former NewLead Holdings boss on the hook for almost $100m, but enforcing the claim in Greece will be an entirely different matter....

Trade Wind News Published 4y-1mo-3w-5d-22h-46m ago

Tradewindsnews

OHT says HFO greener than LNG but 'no one answer' for the future

Norwegian shipowner explains fuel choices for existing fleet and new wind ships....

Trade Wind News Published 4y-1mo-3w-5d-23h-26m ago

Tradewindsnews

Raffles takes up option for MR tanker at Chinese shipyard

Singaporean shipowner has increased the number of product tankers on its has on order to three....

Trade Wind News Published 4y-1mo-3w-6d-11m ago

Tradewindsnews

Shenzhen Gas to splash out $140m on LNG carrier newbuilding

Chinese gas importer makes first shipowning move with order for an 80,000 cbm LNG carrier at Hudong Zhonghua....

Trade Wind News Published 4y-1mo-3w-6d-1h-34m ago

Tradewindsnews

Chinese lessor boosts ship finance firepower with $1bn bond issue

CDB Leasing says proceeds of fundraiser will be used for working capital and general corporate purposes....

Trade Wind News Published 4y-1mo-3w-6d-2h-38m ago

Tradewindsnews

Singapore box terminals hit by congestion amid surge in vessel calls

Port operator deploying additional resources and ramping up capabilities to support increased activity....

Trade Wind News Published 4y-1mo-3w-6d-5h-8m ago

Tradewindsnews

Tidewater generating cash, but not as much as hoped

The company narrowed its quarterly loss year over year....

Trade Wind News Published 4y-1mo-3w-6d-5h-29m ago

Tradewindsnews

MOL casts ship-sector net wider for Wind Challenger

Japanese owner fine tunes sail section for first wind assisted bulker newbuilding as it works on designs for other ship types....

Trade Wind News Published 4y-1mo-3w-6d-5h-59m ago

Tradewindsnews

Wind Hunter aims to generate zero-emission energy on-board vessels

Mitsui OSK Lines starts pilot project with partners using a secondhand yacht....

Trade Wind News Published 4y-1mo-3w-6d-6h ago

Tradewindsnews

Eagle Bulk seeing best TCE rates in nine years in first quarter

Gary Vogel led owner also smashed analyst expectations for last three months of 2020....

Trade Wind News Published 4y-1mo-3w-6d-7h-39m ago

Tradewindsnews

Eagle Bulk sees 2021 start off with best TCE rates in nine years

Gary Vogel led shipowner gives strong take on current quarter after smashing analyst expectations for last three months of 2020....

Trade Wind News Published 4y-1mo-3w-6d-7h-39m ago

Tradewindsnews

Global Ship Lease eyeing more secondhand asset deals

Buying used ships allows boxship owner to start earning money right away, executive chairman George Youroukos said....

Trade Wind News Published 4y-1mo-3w-6d-8h-46m ago

Tradewindsnews

Ioannis the Contrarian: Diana executive likes the market but not scrubbers

Two years on, the exhaust gas debate still hasn amp 39 t gone away on a dry bulk panel....

Trade Wind News Published 4y-1mo-3w-6d-10h-8m ago

Tradewindsnews

Zafirakis the contrarian: Diana executive likes the market but not scrubbers

Two years on, the exhaust gas debate still hasn amp 39 t gone away on a dry bulk panel....

Trade Wind News Published 4y-1mo-3w-6d-10h-8m ago

Tradewindsnews

Nigeria readies maritime security plan amid questions from local owners

Nigerian shipowners still have questions on the project....

Trade Wind News Published 4y-1mo-3w-6d-11h-2m ago

Tradewindsnews

Surprise, surprise: tanker owners take another punch from Opec+

Market woes to worsen in near term as major producers only agree to a small hike in April....

Trade Wind News Published 4y-1mo-3w-6d-11h-41m ago

Tradewindsnews

How high? Supramax and handysize bulker rates at levels not seen in 11 years

Now the market is wondering how much higher rates can go....

Trade Wind News Published 4y-1mo-3w-6d-12h-2m ago

Tradewindsnews

Maersk emerges as GSL’s partner in sale and leaseback deal

George Youroukos hails action amp 39 that will benefit company for years to come amp 39 ....

Trade Wind News Published 4y-1mo-3w-6d-12h-23m ago

Tradewindsnews

VLCC rates headed back to $70k? Which brave tanker CEO made the call?

Deutsche Bank analyst draws out wet trade honchos on when rates recovery will hit....

Trade Wind News Published 4y-1mo-3w-6d-12h-30m ago

Tradewindsnews

VLCC rates headed back to $70,000 per day? Which brave tanker CEO made the call?

Deutsche Bank analyst draws out wet trade honchos on when rates recovery will hit....

Trade Wind News Published 4y-1mo-3w-6d-12h-30m ago

Tradewindsnews

Seanergy frees up $5m a year by paying down debt

New York listed owner has amp 39 a significant liquidity position amp 39 assuming paper market holds up, chief executive Stamatis Tsantanis said....

Trade Wind News Published 4y-1mo-3w-6d-13h-10m ago

Tradewindsnews

Seaspan inks order for up to a dozen neo-panamax boxships

Owner confirms deal for 12 scrubber fitted boxships of 12,000 to 15,000 teu....

Trade Wind News Published 4y-1mo-3w-6d-14h-37m ago

Tradewindsnews

Scorpio Group builds LR2 pool to 49 with addition of Greek shipowner

Kondinave is a first time partner as fleet growth continues....

Trade Wind News Published 4y-1mo-3w-6d-15h-17m ago

Tradewindsnews

Maersk, Jindal Steel and GMS could do battle for idled Reliance yard

Interest grows in former Pipavav facility undergoing debt restructuring....

Trade Wind News Published 4y-1mo-3w-6d-16h-55m ago

Tradewindsnews

Dire VLGC rates fall again but may have reached floor for now

Brokers and analysts see signs that weak market could turn as more cargoes finally emerge....

Trade Wind News Published 4y-1mo-3w-6d-17h-49m ago

Tradewindsnews

Israeli minister blames Iran for spill 'caused by Libyan pirate ship'

Geopolitical waters muddied further following new pollution claim, which comes on top of car carrier blast row....

Trade Wind News Published 4y-1mo-3w-6d-18h-27m ago

Tradewindsnews

Maersk Tankers makes two segment heads redundant in new corporate structure

Danish pool manager goes for ‘agile’ chartering team based on ‘a service provider model’....

Trade Wind News Published 4y-1mo-3w-6d-18h-34m ago

Tradewindsnews

Norden posts 'best result in 10 years' on the back of stronger bulker operations

Chief executive Jan Rindbo said the result was testament to the owner operator amp 39 s focus on being asset light....

Trade Wind News Published 4y-1mo-3w-6d-18h-56m ago

Tradewindsnews

Baltic Exchange rolls out new LNG-fuelled gas indices

CME Group set to launch three new futures contracts based on Exchange amp 39 s indices this month....

Trade Wind News Published 4y-1mo-3w-6d-19h-13m ago

Tradewindsnews

The S word: why it's too early to call a commodities ‘supercycle’

The use of the word is just something investment bankers say, according to analysts....

Trade Wind News Published 4y-1mo-3w-6d-20h-3m ago

Tradewindsnews

BW performance platform ‘could be a game-changer’

High tech system can help shipowners benefit from optimising chartered out vessels....

Trade Wind News Published 4y-1mo-3w-6d-20h-3m ago

Tradewindsnews

North Sea exodus continues as DOF, Solstad and Siem sell and redeploy OSVs

The shrinking of the European offshore vessel fleet is continuing with both geographical and sectoral shifts....

Trade Wind News Published 4y-1mo-3w-6d-20h-18m ago

Tradewindsnews

Shell confirms LNG bunker vessel charter with Knutsen

Spanish newbuilding will operate for the energy major in Port of Barcelona....

Trade Wind News Published 4y-1mo-3w-6d-20h-49m ago

Tradewindsnews

Bargain NOx Tier II newbuildings to test shipping’s environmental resolve

How will the commercial market react to vessels built to now dated emissions standards ....

Trade Wind News Published 4y-1mo-3w-6d-21h-5m ago

Tradewindsnews

Seismic shift seen for survey vessel owners as PGS reactivates pair

Norwegian shipowner is more optimistic for the summer season, as Shearwater Geoservices also announces new work....

Trade Wind News Published 4y-1mo-3w-6d-21h-54m ago

Tradewindsnews

Scrapping likely as impairments push struggling Seadrill to $4.66bn loss

John Fredriksen backed group says markets remain tough as it faces up to second Chapter 11 restructuring....

Trade Wind News Published 4y-1mo-3w-6d-22h-6m ago

Tradewindsnews

Covid-19 confirmed as cause of death of CSL bulker master

Norwegian post mortem reveals master suffered Covid related cardiac arrest....

Trade Wind News Published 4y-1mo-3w-6d-22h-20m ago

Tradewindsnews

Government watchdog accuses Elaine Chao of using members of staff to promote father

Report claims staff members worked on books on James Chao and Foremost Group, but ultimately nothing criminal....

Trade Wind News Published 4y-1mo-3w-6d-22h-47m ago

Tradewindsnews

Shipping can embrace connectivity at sea in response to IMO cyber security deadline

IMO cyber security deadline is an opportunity for shipping to embrace the technologies available today to ensure operations are secure....

Trade Wind News Published 4y-1mo-3w-6d-23h-24m ago

Tradewindsnews

Siem Offshore's Omdal warns banks over distressed OSV sales in race to bottom

Norwegian CEO says newcomers can drive down rates with their low capex costs....

Trade Wind News Published 4y-1mo-3w-6d-23h-26m ago

Tradewindsnews

'Sparkling green' KCC proving its worth, Clarksons Platou says

Analyst Frode Morkedal expects unique combination carrier offering to reward investors in future years....

Trade Wind News Published 4y-1mo-3w-6d-23h-26m ago

Tradewindsnews

Sembcorp Marine secures first ever sustainability-linked loan facility

Singapore yard group says pre determined ESG targets will result in lower borrowing costs....

Trade Wind News Published 4y-1mo-4w-3h-24m ago

Tradewindsnews

AET offloads another of its older VLCCs as part of eco-shipping drive

Conversion buyers said to be paying firm price for Bunga Kasturi Empat....

Trade Wind News Published 4y-1mo-4w-3h-26m ago

Tradewindsnews

Report charges Elaine Chao with using government staffers to promote father

Government watchdog says staff members worked on books on James Chao and Foremost Group, but ultimately nothing criminal....

Trade Wind News Published 4y-1mo-4w-4h-24m ago

Tradewindsnews

Mining giants become ‘standard bearers’ for dual-fuel bulkers

BHP and Anglo American lock in vessels, while Fortescue Metals and Rio Tinto pursue newbuildings....

Trade Wind News Published 4y-1mo-4w-6h-12m ago

Tradewindsnews

Rio Tinto lines up Chinese yards for $800m dual-fuel bulker binge

Miner looks to charter up to a dozen newcastlemaxes to transport Australian iron ore to China....

Trade Wind News Published 4y-1mo-4w-6h-12m ago

Tradewindsnews

Regional Container Lines shells out $50m for its biggest boxship yet

Second vessel acquisition this year sees intra Asia operator lift spending tally to $80m....

Trade Wind News Published 4y-1mo-4w-8h-20m ago

Tradewindsnews

Analysts see a dry spell and that's a good thing, but then what?

Majority of Capital Link pundits like dry bulk amp 39 s momentum to continue, but other bets more attractive in longer term....

Trade Wind News Published 4y-1mo-4w-8h-33m ago

Tradewindsnews

Boxships may be headed into supercycle, owners say

Owners are eager to buy second hand tonnage to keep up with demand, says Euroseas chief executive Aristides Pittas....

Trade Wind News Published 4y-1mo-4w-8h-53m ago

Tradewindsnews

Refinery closures and vaccines push product tanker recovery ahead of crude

Panellists at Capital Link amp 39 s International Shipping Forum believed the sector amp 39 s turnaround would be quick....

Trade Wind News Published 4y-1mo-4w-9h-22m ago

Tradewindsnews

With rates in the red tanker owners need the courage to say no

Until the market recovers, owners encourage each other to pick and choose voyages....

Trade Wind News Published 4y-1mo-4w-10h-4m ago

Tradewindsnews

Interest high in shipping Spacs, but odds remain low

Expert in blank cheque deals lays out the realities of the IPO craze sweeping US equity markets....

Trade Wind News Published 4y-1mo-4w-11h-41m ago

Tradewindsnews

'Ghost ship' filmed close to breaking up on rocks off Irish coast – video

Evacuated, possibly hijacked, abandoned and now close to self destructing, the Alta has had a hell of a past few years....

Trade Wind News Published 4y-1mo-4w-12h-49m ago

Tradewindsnews

'Ghost ship' filmed close to breaking up on rocks off Irish coast

Evacuated, possibly hijacked, abandoned and now close to self destructing, the Alta has had a hell of a past few years....

Trade Wind News Published 4y-1mo-4w-12h-49m ago

Tradewindsnews

Singapore High Court approves Pacific International Lines restructuring plan

Heliconia Capital Management now set to become the major shareholder in the liner company....

Trade Wind News Published 4y-1mo-4w-15h-16m ago

Tradewindsnews

Georgiopoulos pushing real-time solution for emissions tracking

Veteran shipowner reveals what he calls a novel product in vessel carbon reporting....

Trade Wind News Published 4y-1mo-4w-15h-23m ago

Tradewindsnews

P&I insurers act on enclosed space accidents as death toll rises

Entry into toxic or oxygen depleted environments is costing the lives of more than 16 seafarers per year....

Trade Wind News Published 4y-1mo-4w-16h-6m ago

Tradewindsnews

Vaccines and falling oil stocks are a shot in the arm for tanker markets

Owners dare to be optimistic as the pandemic recedes and economies recover....

Trade Wind News Published 4y-1mo-4w-17h-7m ago

Tradewindsnews

River cruising picks up steam amid Covid-19 downturn

Many riverboats sailing in US are exempt from US Center for Disease Control and Prevention amp 39 s Covid 19 rules....

Trade Wind News Published 4y-1mo-4w-17h-7m ago

Tradewindsnews

Seaspan 'back with a vengeance' in $900m newbuildings deal

Up to 10 boxships of 11,800 teu ordered against long term charters with Ocean Network Express, sources say....

Trade Wind News Published 4y-1mo-4w-17h-8m ago

Tradewindsnews

Inland boxship set to be converted to hydrogen power

Project is a first step to build a chartered out fleet of 10 zero emissions shortsea vessels and longer term offer deepsea ship conversions....

Trade Wind News Published 4y-1mo-4w-18h-27m ago

Tradewindsnews

Vitol and Mitsui sign up to offset carbon from LNG cargoes

Gazprom plans to follow their lead with a shipment for Europe....

Trade Wind News Published 4y-1mo-4w-19h-10m ago

Tradewindsnews

Petrogress eyes West African expansion with handysize tanker charters

US listed owner bringing in more tonnage to service new refinery contract in Nigeria....

Trade Wind News Published 4y-1mo-4w-19h-17m ago

Tradewindsnews

Greeks drive S&P whirlwind with kamsarmax and post-panamax deals

As freight rates rise and capital sloshes around, deals are made and unmade at astonishing speed....

Trade Wind News Published 4y-1mo-4w-19h-24m ago

Tradewindsnews

No regrets: OHT's Ramstad will not chase wind contracts at low rates

Norwegian shipowner amp 39 s chief executive maintains discipline to avoid chartering hangover in the future....

Trade Wind News Published 4y-1mo-4w-19h-25m ago

Tradewindsnews

Scope 3: Klaveness Digital says it is time to get a grip on 'bastard child' of emissions

Indirect supply chain output is often largest part of shipping amp 39 s carbon footprint, but not enough owners are acting on opportunities available....

Trade Wind News Published 4y-1mo-4w-19h-25m ago

Tradewindsnews

Transworld continues bulker push by adding Japanese handysize duo

Indian controlled group on the hunt for more dry tonnage as it diversifies from containerships....

Trade Wind News Published 4y-1mo-4w-20h-9m ago

Tradewindsnews

Ray Shipping in the dark on Gulf car carrier attack

Israeli owner says there has been no contact from authorities as photos of damage emerged....

Trade Wind News Published 4y-1mo-4w-20h-15m ago

Tradewindsnews

Photos emerge of damage on car carrier after Gulf attack

Israeli owner says UAE probe into incident continues.....

Trade Wind News Published 4y-1mo-4w-20h-15m ago

Tradewindsnews

Royal Caribbean Group offers another $1.5bn in stock

New York listed cruiseship owner suffers a $5.8bn loss for 2020, thanks to Covid 19....

Trade Wind News Published 4y-1mo-4w-20h-27m ago

Tradewindsnews

Embiricos lines up major profit on mother of all boxship asset plays

London Greek clan looks to quadruple its money with sale of 7,000 teu unit....

Trade Wind News Published 4y-1mo-4w-20h-38m ago

Tradewindsnews

Paul Wogan talks up GasLog Partners as spot market player

The GasLog BlackRock deal was not discussed during Capital Link amp 39 s LNG panel....

Trade Wind News Published 4y-1mo-4w-20h-44m ago

Tradewindsnews

NGO denies Maersk Tankers paid it to take migrants from tanker

Rescue organisation hits back after dawn raids in Italy relating to the Maersk Etienne case off Tunisia....

Trade Wind News Published 4y-1mo-4w-21h-45m ago

Tradewindsnews

HMM reveals GS Caltex VLCC newbuild charter is worth $560m

Details of 10 year deal emerge after order of tanker trio at Hyundai Samho....

Trade Wind News Published 4y-1mo-4w-21h-45m ago

Tradewindsnews

Anders Onarheim says still plenty of interest in BW VLGC that failed to sell

Singapore shipowner has other potential buyers lined up for the BW Confidence....

Trade Wind News Published 4y-1mo-4w-21h-46m ago

Tradewindsnews

Fuel savings: BW LPG charters in Epic Gas ship for LPG bunkering

Pontus Berg explains how the owner is saving money on bunkers and accelerating its dry docking programme....

Trade Wind News Published 4y-1mo-4w-21h-46m ago

Tradewindsnews

Zodiac Maritime seals two-year charter for Enesel’s scrubber-fitted eco suezmax

The tanker Spyros fetches $24,250 per day in quiet market as market participants await Opec+ talks....

Trade Wind News Published 4y-1mo-4w-21h-49m ago

Tradewindsnews

Salvors refloat IRISL boxship grounded in the Singapore Strait

Efforts to refloat the Sharaz reach a happy ending after a 10 month salvage ordeal....

Trade Wind News Published 4y-1mo-4w-22h-14m ago

Tradewindsnews

NS United pays $25m to get out of pricey ship charter early

Japanese owner scraps deal arranged in rising market with overseas shipowner....

Trade Wind News Published 4y-1mo-4w-23h ago

Tradewindsnews

Evalend inks two LPG newbuildings at Hyundai Mipo

The company’s LPG fleet is set to triple to six vessels by mid 2023....

Trade Wind News Published 4y-1mo-4w-23h-19m ago

Tradewindsnews

Shipowners test the water on sales of secondhand LNG steam turbine ships

But pricing is below expectations and buyers are proving opportunistic....

Trade Wind News Published 4y-1mo-4w-23h-20m ago

Tradewindsnews

Sino-Global says it is ready to accept payment in bitcoin

Nasdaq listed firm says adoption of cryptocurrency gives customers options to use a variety of payment methods....

Trade Wind News Published 4y-1mo-4w-1d-23m ago

Tradewindsnews

Singapore is carrying out 500 to 600 crew changes per day

Industry wide cooperation creates ‘fine balancing act’ to facilitate high volume of crew changes in Asian city state....

Trade Wind News Published 4y-1mo-4w-1d-1h-1m ago

Tradewindsnews

Wan Hai takes S&P deals to nearly $300m with 12th boxship buy

Taiwanese liner operator has bought its third ship from Compagnie Maritime Belge since December....

Trade Wind News Published 4y-1mo-4w-1d-5h-16m ago

Tradewindsnews

Royal Caribbean Group offers another $1.5bn in stock

New York listed owner suffered a $5.8bn loss for 2020, thanks to Covid 19....

Trade Wind News Published 4y-1mo-4w-1d-9h-49m ago

Tradewindsnews

Outset of Covid-19 is Polys Hajioannou's 'worst six months' amid fight for crew change

Safe Bulkers chief executive spent amp 39 80% amp 39 of his time getting charterers to agree to crew changes....

Trade Wind News Published 4y-1mo-4w-1d-10h-4m ago

Tradewindsnews

Outset of Covid-19 Hajioannou's 'worst six months' amid fight for crew change

The Safe Bulkers chief executive spent amp 39 80% amp 39 of his time getting charterers to agree to crew changes....

Trade Wind News Published 4y-1mo-4w-1d-10h-4m ago

Tradewindsnews

Grindrod's Wade: Green burden 'has to be shared' with charterers

Owners will probably keep to slow steaming for a while, chief executive Martyn Wade said....

Trade Wind News Published 4y-1mo-4w-1d-13h-10m ago

Tradewindsnews

Awilco moves into offshore wind vessel sector with newbuilding order

Norwegian shipowner books up to six ships at China Merchants Heavy Industry....

Trade Wind News Published 4y-1mo-4w-1d-14h-31m ago

Tradewindsnews

KfW IPEX-?ank backs Stena Line ferry newbuilds with $180m loan

Swedish ferry giant gets German bank support to complete newbuilding project, as it prepares next generation of battery powered vessels....

Trade Wind News Published 4y-1mo-4w-1d-14h-36m ago

Tradewindsnews

Seaspan snaps up 15,000-teu boxships in ongoing buying spree

Neo panamax duo lifts acquisition tally to 19 ships in three months....

Trade Wind News Published 4y-1mo-4w-1d-14h-50m ago

Tradewindsnews

Kongsberg signs up Stena Bulk software spin-off to digital marketplace

Norwegian technology giant adds second vessel performance monitoring firm to digital ecosystem in one month....

Trade Wind News Published 4y-1mo-4w-1d-15h-56m ago

Tradewindsnews

Judge orders removal of Bouchard Transportation chief executive

Mort Bouchard III, great great grandson of founder Frederick Bouchard, led the company for nearly 30 years....

Trade Wind News Published 4y-1mo-4w-1d-16h-41m ago

Tradewindsnews

US shale comeback could boost tankers but Opec will be wary

Any jump in US production could limit Opec amp 39 s ability to reverse cuts....

Trade Wind News Published 4y-1mo-4w-1d-16h-42m ago

Tradewindsnews

Question of trust: Intertanko ties helped forge Ardmore alliance with Buettner

German shipowner approached Ardmore for management help to open up new markets....

Trade Wind News Published 4y-1mo-4w-1d-16h-42m ago

Tradewindsnews

Trafigura clinches deal to ship oil into UK after Total sells Lindsey refinery

Trader and shipowner signs exclusive crude supply contract as Drax Group takes over Immingham plant....

Trade Wind News Published 4y-1mo-4w-1d-16h-46m ago

Tradewindsnews

Tsakos Group's private arm fetches strong price in sale of veteran suezmax

Greek shipowner active in S amp P at a time when a string of crude tankers are changing hands....

Trade Wind News Published 4y-1mo-4w-1d-17h-53m ago

Tradewindsnews

SAL and Jumbo Maritime draw up blueprint for giant in heavylift sector

Consolidation on the cards if plans can clear regulatory hurdles....

Trade Wind News Published 4y-1mo-4w-1d-18h-17m ago

Tradewindsnews

FSL Trust agrees to sell 14-year-old MR tanker after month-long effort

Singapore listed shipowner signs memorandum of agreement to dispose of FSL Osaka....

Trade Wind News Published 4y-1mo-4w-1d-18h-36m ago

Tradewindsnews

Tonnage providers herald paradigm shift in boxship charter market

amp 39 Hesitation costs money amp 39 as liner operators hoover up tonnage on lengthy periods....

Trade Wind News Published 4y-1mo-4w-1d-18h-38m ago

Tradewindsnews

Belships looking for more ultramaxes as it expects up to 25% jump in asset prices

Bulker owner has increased its fleet amp 39 s spot exposure, ready for a strong market this year....

Trade Wind News Published 4y-1mo-4w-1d-18h-38m ago

Tradewindsnews

Belships eyes more ultramaxes as asset prices tipped to rise by 25%

Bulker owner has increased its fleet amp 39 s spot exposure, ready for a strong market this year....

Trade Wind News Published 4y-1mo-4w-1d-18h-38m ago

Tradewindsnews

Generational shift at UPT as Stefan Ciegelski steps down after 45 years

German tanker pools player promotes Matthias Schoeller as veteran boss retires....

Trade Wind News Published 4y-1mo-4w-1d-18h-38m ago

Tradewindsnews

Indian Register urges caution as Alang looks to double recycling capacity

National project hopes to capture 50% of the global recycling market through safe and green recycling....

Trade Wind News Published 4y-1mo-4w-1d-18h-49m ago

Tradewindsnews

Damaged Arc7 LNG carrier goes in for repairs after Arctic voyage

Vessel took the longer Suez Canal route back west after Northern Sea Route voyage in January....

Trade Wind News Published 4y-1mo-4w-1d-19h-1m ago

Tradewindsnews

Nobody wants to buy the world’s oldest cruiseship

Mortgagee bank just cannot get rid of the Astoria, the last unsold ship from the Portuscale fleet....

Trade Wind News Published 4y-1mo-4w-1d-19h-22m ago

Tradewindsnews

Havila hit by $30.7m impairment as OSV demand stays low

Norwegian shipowner logs loss in first quarter due to continued market weakness....

Trade Wind News Published 4y-1mo-4w-1d-19h-30m ago

Tradewindsnews

Global hunt for talent: Amrop sets up worldwide team of headhunters

ICS chairman Espen Poulsson to advise global team of recruiters for the top maritime jobs as the industry confronts new challenges....

Trade Wind News Published 4y-1mo-4w-1d-21h-42m ago

Tradewindsnews

Tufton Oceanic launches $25m tap issue to build fleet again

UK investment fund makes first fundraising move after bringing in new investor....

Trade Wind News Published 4y-1mo-4w-1d-22h-23m ago

Tradewindsnews

Allied co-founder and broking stalwart Costas Karadimas dies at 77

Karadimas played a key part in the establishment and growth of one Greece amp 39 s top broking houses....

Trade Wind News Published 4y-1mo-4w-1d-22h-34m ago

Tradewindsnews

Ravi Mehrotra, Exmar and GMS 'team up' to enter battle for Shipping Corp of India

Indian government reveals multiple offers for control of state shipowner....

Trade Wind News Published 4y-1mo-4w-1d-22h-59m ago

Tradewindsnews

Soaring use of drones and remote surveys to tackle Covid-19 safety

Pandemic has pushed the boundaries on technology that previously received a lukewarm response....

Trade Wind News Published 4y-1mo-4w-1d-23h-16m ago

Tradewindsnews

Total kicks off search for first Mozambique FSRU

Floating regas unit could be used for imports that would ultimately help supply South Africa....

Trade Wind News Published 4y-1mo-4w-1d-23h-16m ago

Tradewindsnews

A rethink is needed on opening the Arctic frontier to oil and gas exploration

The promise of serving oil and gas exploration in this icy frontier region may seem appealing, but it runs contrary to the energy transition....

Trade Wind News Published 4y-1mo-4w-1d-23h-17m ago

Tradewindsnews

Jinhui Shipping pays top price for 17-year-old Greek supramax

Oslo and Hong Kong shipowner looks to have paid over the odds for bulker in hot sale and purchase market....

Trade Wind News Published 4y-1mo-4w-2d-44m ago

Tradewindsnews

Container and tanker trades impacted as Myanmar coup turns violent

Protests and strikes said to be restricting cargo movement, while closure of banks is hampering trade....

Trade Wind News Published 4y-1mo-4w-2d-2h-4m ago

Tradewindsnews

Xihe’s judicial managers consented to aframax arrest, bank claims

Ocean Pegasus to be sold via a competitive judicial auction now that it is in the custody of Singapore amp 39 s High Court....

Trade Wind News Published 4y-1mo-4w-2d-2h-4m ago

Tradewindsnews

Boost for shipping as Biden trade pick says China ‘must deliver’ on phase one pact

Katherine Tai says its critically important that US has strategic and coherent plan for holding China accountable to its promises....

Trade Wind News Published 4y-1mo-4w-2d-6h-45m ago

Tradewindsnews

Wan Hai mulls deal for neo-panamax boxships that could take 2021 orders over $1bn

Taiwanese liner company plans to order up to six vessels as chartered tonnage looks too pricey....

Trade Wind News Published 4y-1mo-4w-2d-7h-1m ago

Tradewindsnews

Eastern Pacific and Schulte invest in drone delivery firm

Funding drive paves way for tech company to develop high capacity airborne delivery vehicle....

Trade Wind News Published 4y-1mo-4w-2d-8h-36m ago

Tradewindsnews

Team Tankers content to wait for 'strategic' deals

Chief executive Hans Feringa wants to do amp 39 two or three amp 39 more deals but feels no pressure from the board or shareholders....

Trade Wind News Published 4y-1mo-4w-2d-10h-25m ago

Tradewindsnews

Torm fleet emits more CO2 with higher carbon intensity in 2020

Danish owner remains on track for 2030 target as CEO sees low carbon fuels not available in short term....

Trade Wind News Published 4y-1mo-4w-2d-10h-33m ago

Tradewindsnews

Thun Tankers e-launches multi-fuel tanker for shortsea trade

Swedish owner holds virtual ceremony as part of sustainability work, says chief commercial officer....

Trade Wind News Published 4y-1mo-4w-2d-11h-47m ago

Tradewindsnews

Mitsui Kinkai orders three green tweendeckers at Onomichi

Short sea shipping operator orders eco ships to suit customers and target clean energy trades....

Trade Wind News Published 4y-1mo-4w-2d-14h-46m ago

Tradewindsnews

FSL Trust makes $500,000 profit on $105m sale of LR2 duo

Singapore shipowner pays off bridging loan from chairman while refinancing six other tankers....

Trade Wind News Published 4y-1mo-4w-2d-15h-32m ago

Tradewindsnews

Ardmore teams with Carl Buettner to add chemical tanker firepower

Ireland based owner takes over management of handysize quartet to bring chemical fleet to 10 vessels....

Trade Wind News Published 4y-1mo-4w-2d-15h-45m ago

Tradewindsnews

Feeding frenzy: S&P deals hit 10-year high across three main sectors

Boxship and bulker activity driven by strong markets, while tanker owners betting on recovery, says Clarksons Platou Securities....

Trade Wind News Published 4y-1mo-4w-2d-16h-44m ago

Tradewindsnews

Polarcus faces lawsuit after fleet seizure leaves it short for Eni charter deal

Middle East operator could not source alternative vessel to fulfil contract....

Trade Wind News Published 4y-1mo-4w-2d-16h-45m ago

Tradewindsnews

IMEC boss argues Philippines is pricing itself out of maritime labour market

Francesco Gargiulo said claims culture is driving employers away from the shipping’s leading labour supply country....

Trade Wind News Published 4y-1mo-4w-2d-17h-45m ago

Tradewindsnews

Oh buoy! Lost seafarer survives for 14 hours by clinging to fishing float

TradeWinds’ column taking a sideways look at shipping....

Trade Wind News Published 4y-1mo-4w-2d-18h-46m ago

Tradewindsnews

Cido Shipping locks second VLGC into term charter

High profile Asian shipowner follows up January contract with Pertamina deal....

Trade Wind News Published 4y-1mo-4w-2d-18h-48m ago

Tradewindsnews

Net widens as Israeli probe clears Minerva aframax of oil spill

Investigators say Greek tanker not responsible for serious pollution on its beaches....

Trade Wind News Published 4y-1mo-4w-2d-19h-2m ago

Tradewindsnews

Spain orders slaughter of 850 stranded cows over bluetongue disease fears

Cattle have spent two months stranded in the Mediterranean on the Karim Allah....

Trade Wind News Published 4y-1mo-4w-2d-19h-59m ago

Tradewindsnews

Master dies and seven others test positive on bulker in Norway

Post mortem reveals captain of Tertnes had Covid 19 but cause of death not yet confirmed....

Trade Wind News Published 4y-1mo-4w-2d-21h-4m ago

Tradewindsnews

Torm acquires Team Tankers' MR fleet in bargain-hunting move

CEO Jacob Meldgaard says the ships complement Torm amp 39 s fleet following stronger Ebitda in 2020....

Trade Wind News Published 4y-1mo-4w-2d-21h-28m ago

Tradewindsnews

Maria Mavroudi launches insurance brokerage Searock

Boutique broker to help find alternative insurance solutions for shipowners....

Trade Wind News Published 4y-1mo-4w-2d-21h-46m ago

Tradewindsnews

V.Group CEO unveils his plans for ‘making the boat go faster’

amp 39 Weaponising amp 39 data is key to the future of the leading ship management group....

Trade Wind News Published 4y-1mo-4w-2d-21h-47m ago

Tradewindsnews

BW LPG stays positive on rates as $40m VLGC sale falls through

Medium term prospects good but owner missed out on $36m in liquidity from offloading 2006 built ship....

Trade Wind News Published 4y-1mo-4w-2d-21h-49m ago

Tradewindsnews

Israel says holed car carrier attacked by mines as it blames Iran

Missiles also a possible source of damage to Helios Ray, which has four holes in hull above waterline....

Trade Wind News Published 4y-1mo-4w-2d-22h-6m ago

Tradewindsnews

German Bank arrests Xihe aframax while another product tanker is sold

Lim family’s tanker empire shrinks as they and their ships face more legal setbacks....

Trade Wind News Published 4y-1mo-4w-2d-22h-18m ago

Tradewindsnews

Hyundai Heavy makes LNG bunker vessel debut with Korea Gas deal

South Korean utility books single vessel at compatriot shipyard....

Trade Wind News Published 4y-1mo-4w-2d-22h-20m ago

Tradewindsnews

Meriaura adds a couple of coasters as Baltic market 'accelerates'

Finnish group buys and charters in open hatch cargoships from Briese as demand picks up....

Trade Wind News Published 4y-1mo-4w-2d-23h-17m ago

Tradewindsnews

Busy Norwegian licensing round bodes well for OSV owners

Seabrokers notes strong interest from production companies in permits for 2021....

Trade Wind News Published 4y-1mo-4w-2d-23h-17m ago

Tradewindsnews

ESL Shipping brings in three bulkers to meet growing demand

Finnish owner says new cargo agreements and improved forecast meant it needed more capacity....

Trade Wind News Published 4y-1mo-4w-2d-23h-18m ago

Tradewindsnews

DOF's Mons Aase spending 'lot of time' thinking about renewables strategy

Norwegian boss sees major shift for OSV owners from 2025 as alternative power spending outstrips oil and gas....

Trade Wind News Published 4y-1mo-4w-2d-23h-18m ago

Tradewindsnews

Belships boosts fleet with double ultramax bulker acquisition

Norwegian shipowner says latest deal signaled the competitive advantage it has in sourcing ship finance....

Trade Wind News Published 4y-2mo-31m ago

Tradewindsnews

Higher margin containerships boost Yangzijiang profit

Singapore listed shipbuilder said market demand and sentiment improved towards the end of 2020....

Trade Wind News Published 4y-2mo-3h ago

Tradewindsnews

Arne Fredly plots new shipping direction for Hunter after VLCC sales

Investor says cash could be reinvested in different business area to boost share price....

Trade Wind News Published 4y-2mo-6h-8m ago

Tradewindsnews

Bulkers slow on green technology uptake, says Clarksons

Despite this, bulkers have amongst the lowest emissions per tonne mile on average in the industry....

Trade Wind News Published 4y-2mo-6h-20m ago

Tradewindsnews

Sea Globe Management scores profit on sale of kamsarmax bulker duo

Shipowner selling two vessels bought at the bottom of the market in early 2016....

Trade Wind News Published 4y-2mo-15h-20m ago

Tradewindsnews

Diana Shipping's latest panamax deal shows spot market lifting period rates

Panamax bulker has been fixed at a gross rate 57% higher than its previous employment....

Trade Wind News Published 4y-2mo-19h-12m ago

Tradewindsnews

Law firm looking for case in GasLog-BlackRock deal

Bragar Eagel amp Squire is investigating all relevant aspects of the sale....

Trade Wind News Published 4y-2mo-2d-10h-7m ago

Tradewindsnews

Nordic American Tankers bullish despite quarterly loss

New York listed suezmax specialist issued equity and took on debt while paying its 94th consecutive quarterly dividend....

Trade Wind News Published 4y-2mo-2d-10h-19m ago

Tradewindsnews

Nanjing Tanker books four MR tankers at GSI amid fleet renewal

Chinese state backed shipowner thought to pay up to $140m for the IMO III ships....

Trade Wind News Published 4y-2mo-2d-12h-2m ago

Tradewindsnews

Steckmest behind swoop for repossessed Polarcus fleet

Six ships seized from Polarcus by DNB and Giek have emerged in the fleet of shipowner and investor Tom Steckmest....

Trade Wind News Published 4y-2mo-2d-12h-14m ago

Tradewindsnews

Cargill hires cheaper capesize bulkier for grain haul

Trader controlled Pacific Myra is headed to east coast of South America....

Trade Wind News Published 4y-2mo-2d-12h-22m ago

Tradewindsnews

Cargill hires cheaper capesize bulker for grain haul

Trader controlled 190,000 dwt Myra built 2019 is headed to East Coast South America, according to VesselsValue....

Trade Wind News Published 4y-2mo-2d-12h-22m ago

Tradewindsnews

Total scoops LNG bunkering licence for Singapore

Major joins its vessel partner Pavilion Energy and Shell Keppel pairing FueLNG in Lion Republic....

Trade Wind News Published 4y-2mo-2d-13h-21m ago

Tradewindsnews

Fincantieri points to V-shaped shipbuilding recovery in 2021

Italian shipbuilder reels from pandemic losses but targets growth in 2021....

Trade Wind News Published 4y-2mo-2d-15h-32m ago

Tradewindsnews

Pioneer Marine sells handysize quartet after loss-making 2020

Oslo listed owner will continue to manage three of four ships offloaded and says it turned a corner in fourth quarter 2020....

Trade Wind News Published 4y-2mo-2d-15h-40m ago

Tradewindsnews

Car carrier reportedly suffers explosion in Gulf of Oman

UK authorities say investigations into incident are ongoing, but crew is safe....

Trade Wind News Published 4y-2mo-2d-16h-49m ago

Tradewindsnews

Harry Vafias sees LPG carrier upside but won’t ‘pop champagne yet’

Markets for smaller gas carriers start climbing out of their hole but StealthGas boss warns it is too early to talk of recovery....

Trade Wind News Published 4y-2mo-2d-16h-53m ago

Tradewindsnews

Will oil producers open the taps to rescue tankers from worst market in 20 years?

All eyes are now on the alliance amp 39 s ministerial meeting next week....

Trade Wind News Published 4y-2mo-2d-17h-12m ago

Tradewindsnews

Avin International benefits from scrubber premium in tanker charter with Vitol

Suezmax Kriti King fixed for a year by trader in deal that shows market benefit of exhaust gas cleaning systems....

Trade Wind News Published 4y-2mo-2d-17h-16m ago

Tradewindsnews

Greek and Indian players snap up cheap Japanese-built MR tankers

Ships built in 2010 change hands at low prices amid bearish freight outlook....

Trade Wind News Published 4y-2mo-2d-18h-35m ago

Tradewindsnews

Rodolphe Saade urges ‘less talk, more action' in rebuff to LNG critics

CMA CGM will deploy six 15,000 teu LNG fuelled boxships on the transpacific at the end of the year....

Trade Wind News Published 4y-2mo-2d-18h-52m ago

Tradewindsnews

Timing 'exactly right' for OHT as it moves forward on wind newbuilds

$50m loan sealed as Norwegian owner works to firm up second $230m wind turbine installation vessel in China....

Trade Wind News Published 4y-2mo-2d-18h-53m ago

Tradewindsnews

ASL Marine tells SGX it has enough financial strength to carry on

Shipbuilder says its debts are still manageable, while offering insights into its business model....

Trade Wind News Published 4y-2mo-2d-18h-59m ago

Tradewindsnews

SEA-LNG says bio-LNG extends access to green finance

Group estimates use can achieve two extra years amp 39 compliance with AER scoring used by Poseidon Principles....

Trade Wind News Published 4y-2mo-2d-19h-11m ago

Tradewindsnews

As cape market cools, this might be the year of the smaller bulker

Panamaxes are leading the charge, and it is a trend that could have legs....

Trade Wind News Published 4y-2mo-2d-20h-6m ago

Tradewindsnews

Siem Offshore says desperate OSV owners taking 'risky' charters amid market slump

Siem Offshore says term deals offering unsustainable returns but activity could pick up in the summer....

Trade Wind News Published 4y-2mo-2d-20h-56m ago

Tradewindsnews

Tor Olav Troim costs out Golar LNG’s planned FLNG newbuilding

Merger with New Fortress Energy creates amp 39 a powerhouse amp 39 for downstream LNG activities, chairman says....

Trade Wind News Published 4y-2mo-2d-21h-53m ago

Tradewindsnews

Anchor Ship Partners launches $5.65bn fund to buy green LNG fleet

Japanese investment company wants to lease LNG fuelled gas carriers to giants such as NYK, K Line and MOL....

Trade Wind News Published 4y-2mo-2d-22h-40m ago

Tradewindsnews

KSIM product tanker hits the auction block in Singapore

Arrested in October last year, the Golden Nori goes under the hammer in March....

Trade Wind News Published 4y-2mo-2d-22h-40m ago

Tradewindsnews

Market efficiency could rain on the parade despite comparisons to supercycle

The ability to separate exuberance from inefficiency is key to understanding how long higher earnings are likely to be maintained....

Trade Wind News Published 4y-2mo-2d-23h-25m ago

Tradewindsnews

Fitch warns owners that frenzied boxship boom is 'unsustainable'

Ratings agency says lines must keep a watch on capacity due to inherent volatility of market....

Trade Wind News Published 4y-2mo-2d-23h-25m ago

Tradewindsnews

Siemens warns wind-farm vessels need to cut carbon or lose out on charters

Energy group points to OHT amp 39 s new hybrid and hydrogen ready ships as the way to go in the sector....

Trade Wind News Published 4y-2mo-2d-23h-26m ago

Tradewindsnews

P&I clubs satisfied as dust settles on 2021 renewals

Managers say they achieved their planned increases in premium even if it meant some tonnage was lost....

Trade Wind News Published 4y-2mo-2d-23h-26m ago

Tradewindsnews

Mermaid Maritime plans rights issue as losses continue to mount

Singapore listed offshore player says it future looks brighter in the Middle East.....

Trade Wind News Published 4y-2mo-3d-3m ago

Tradewindsnews

Austal lifts interim profit despite ferry sector pandemic woes

Military work is keeping shipbuilder very busy despite ferry orders drying up and a probe into past contract losses....

Trade Wind News Published 4y-2mo-3d-2h-18m ago

Tradewindsnews

Adnoc L&S details VLCC fleet growth on latest buy

Chief executive Captain Abdulkareem Al Masabi said this is company amp 39 s amp 39 most significant growth steps to date amp 39 ....

Trade Wind News Published 4y-2mo-3d-5h-29m ago

Tradewindsnews

Teekay LNG welcomes BlackRock and spies more deal potential

Newer, smaller players present an opportunity for further consolidation after GasLog and Golar deals....

Trade Wind News Published 4y-2mo-3d-8h-35m ago

Tradewindsnews

Teekay LNG welcomes BlackRock, spies more deal potential

Newer, smaller players present an opportunity for further consolidation after GasLog, Golar deals....

Trade Wind News Published 4y-2mo-3d-8h-35m ago

Tradewindsnews

Teekay Tankers still looking at sale and leaseback repurchases

After exercising two, the company has eight more on the way....

Trade Wind News Published 4y-2mo-3d-9h-21m ago

Tradewindsnews

Golar LNG Partners and New Fortress ‘keen’ to wrap up merger

Companies working together on reactivation of two laid up LNG carriers....

Trade Wind News Published 4y-2mo-3d-12h-1m ago

Tradewindsnews

Genco Shipping shifts focus to Atlantic ahead of iron ore surge

New York listed owner plans to send over 75% of its sub cape assets in April....

Trade Wind News Published 4y-2mo-3d-12h-8m ago

Tradewindsnews

Bunker prices return to pre-pandemic levels as industry counts carbon costs

Shipowners might need to pay 30% more for burning conventional marine fuel, says Argus Media....

Trade Wind News Published 4y-2mo-3d-13h-54m ago

Tradewindsnews

Golar LNG homing in on FLNG as it eyes business spin-off

Company’s shipping operations hit in 2020 but focus will remain on long term business....

Trade Wind News Published 4y-2mo-3d-15h-7m ago

Tradewindsnews

Hong Kong's Jinhui reports turnaround in fourth quarter but delivers loss for 2020

Covid 19 led Jinhui Shipping and Transportation to a $15m annual loss, but financial gains outside shipping saved the fourth quarter....

Trade Wind News Published 4y-2mo-3d-15h-34m ago

Tradewindsnews

Fault missed before 'catastrophic' engine failure on DFDS ropax

Problem with connecting rod not seen by crew, resulting in seafarer suffering serious injuries in fire off UK....

Trade Wind News Published 4y-2mo-3d-16h-45m ago

Tradewindsnews

Pacific Basin Shipping buys ultramax bulker after 'gruelling' year

Last year saw a six month market downturn followed by a welcome upswing for Hong Kong based owner operator....

Trade Wind News Published 4y-2mo-3d-17h-7m ago

Tradewindsnews

Euroseas logs profit as higher charters kick in

Boxship owner is optimistic of fixing remaining vessels at higher rates in coming months.....

Trade Wind News Published 4y-2mo-3d-17h-16m ago

Tradewindsnews

Shell sees demand for LNG bunkering accelerating

Major amp 39 s annual outlook forecasts mid decade supply demand gap for the commodity....

Trade Wind News Published 4y-2mo-3d-17h-46m ago

Tradewindsnews

'Worst behind us' — Hunter keeps VLCC fleet free for recovery in third quarter

Arne Fredly backed owner says conditions will be significantly better later this year....

Trade Wind News Published 4y-2mo-3d-18h-39m ago

Tradewindsnews

Damage being assessed after fire on Torm tanker in France

No injuries or pollution after blaze broke out in accommodation deck at Dunkirk....

Trade Wind News Published 4y-2mo-3d-18h-46m ago

Tradewindsnews

Nigerian militants threaten oil infrastructure as piracy risk rises

New group could target offshore installations, while MDAT GoG warns of potential vessel attacks in Gulf of Guinea....

Trade Wind News Published 4y-2mo-3d-18h-55m ago

Tradewindsnews

Teekay LNG reports record annual earnings after fourth-quarter profit

LNG and LPG carrier owner credits charter strategy for positive result despite ‘volatile’ trading conditions....

Trade Wind News Published 4y-2mo-3d-19h-14m ago

Tradewindsnews

MPCC hikes earnings forecast on back of booming charter market

Ebidta forecasts 30% above expectations but legacy of vessel impairments tarnish results....

Trade Wind News Published 4y-2mo-3d-19h-14m ago

Tradewindsnews

Loss-making Teekay Tankers adds new aframax as it buys back suezmax duo

US listed shipowner continues to reduce debt and boost liquidity in weak markets....

Trade Wind News Published 4y-2mo-3d-20h-29m ago

Tradewindsnews

Marios Iliopoulos to profit on cruiseship scrap deal

Seajets owner could more than double his money as the Columbus heads East....

Trade Wind News Published 4y-2mo-3d-20h-29m ago

Tradewindsnews

Hoegh LNG targets first net zero-carbon FSRU by 2030

Company expects to see its entire regasification fleet on long term contracts by next year....

Trade Wind News Published 4y-2mo-3d-21h-8m ago

Tradewindsnews

DOF makes a profit but rates not enough to service $2bn debt

Norwegian group is still in talks with creditors to secure long term future....

Trade Wind News Published 4y-2mo-3d-21h-41m ago

Tradewindsnews

Insurers probe link between box boom and spate of container losses

Could the increasingly loaded condition of very large containerships be behind the loss of thousands of boxes in Pacific ....

Trade Wind News Published 4y-2mo-3d-21h-47m ago

Tradewindsnews

UK should not be used as bargain basement for shady shipowners

UK corporate governance is not fit for purpose and some in the international shipping industry know to exploit it....

Trade Wind News Published 4y-2mo-3d-21h-47m ago

Tradewindsnews

Seafarers sink tanker during police cocaine raid off Spain

Police say crew flooded Nehir after it was intercepted with three tonnes of drugs on board....

Trade Wind News Published 4y-2mo-3d-22h-38m ago

Tradewindsnews

Frozen funds at centre of South Korea tanker seizure could be freed

Washington and Seoul to discuss unfreezing billions in Iranian funds held at two South Korean banks....

Trade Wind News Published 4y-2mo-3d-23h-17m ago

Tradewindsnews

Doha Marine pioneers 'pay as you go' service to combat OSV slump

P amp O Maritime unit offers oil companies the chance to book slots on fixed voyages in Middle East....

Trade Wind News Published 4y-2mo-3d-23h-24m ago

Tradewindsnews

Clipper steps up handysize play with Navibulgar buy and new pool

Danish owner snaps up sistership of bulkers it acquired from Bulgarian owner and Greece amp 39 s Access Shipping in November....

Trade Wind News Published 4y-2mo-3d-23h-24m ago

Tradewindsnews

MSC adds boxship trio to continue remarkable spending spree

Leading liner operator takes tally of secondhand acquisitions across the 30 ship threshold....

Trade Wind News Published 4y-2mo-3d-23h-24m ago

Tradewindsnews

Here's why we cannot get China's success story out of our heads

Rankings of the world amp 39 s busiest ports are just another reminder of the rising role nation plays in shipping....

Trade Wind News Published 4y-2mo-3d-23h-26m ago

Tradewindsnews

Adnoc L&S named as buyer of Hunter Group VLCC

Middle Eastern shipowner continues its expansion drive with latest secondhand purchase....

Trade Wind News Published 4y-2mo-4d-4h-9m ago

Tradewindsnews

Seven Islands Shipping seeks to limit damage claim ahead of IPO

Mumbai IPO candidate Seven Islands Shipping is moving to limit $18.8m claim over a deadly 2018 explosion on one of its ships....

Trade Wind News Published 4y-2mo-4d-4h-23m ago

Tradewindsnews

Cido cashes in on strong market to clear out midsize bulkers

Owner has been planning to sell old panamaxes and kamsarmaxes for several years....

Trade Wind News Published 4y-2mo-4d-5h-10m ago

Tradewindsnews

Genco Shipping reports loss amid hefty impairments

New York listed owner still beats analyst consensus by $0.10 for the fourth quarter....

Trade Wind News Published 4y-2mo-4d-6h-52m ago

Tradewindsnews

Golar LNG Partners shareholders approve New Fortress Energy deal

The buyout is still expected to close in the first half....

Trade Wind News Published 4y-2mo-4d-9h-1m ago

Tradewindsnews

Carnival further delays US, Canada cruises for four brands

Itineraries have been cancelled to accommodate Canada amp 39 s no sail order to March 2022....

Trade Wind News Published 4y-2mo-4d-9h-39m ago

Tradewindsnews

Carnival further delays US and Canada cruises for four brands

Itineraries have been cancelled to accommodate Canada amp 39 s no sail order to March 2022....

Trade Wind News Published 4y-2mo-4d-9h-39m ago

Tradewindsnews

Cheniere Energy to issue LNG cargo carbon emissions tags

LNG producer starts racking up sales on mid term contracts but believes market needs long term deals....

Trade Wind News Published 4y-2mo-4d-11h-59m ago

Tradewindsnews

Nigerian ferry reported hijacked as piracy continues

Ship had 11 passengers and one crew member, security sources say....

Trade Wind News Published 4y-2mo-4d-12h ago

Tradewindsnews

Gulf of Guinea saw over 130 seafarers abducted in 2020 amid ‘poor governance’

Piracy has worsened in West Africa with coastal states overwhelmed by pandemic, says Dryad....

Trade Wind News Published 4y-2mo-4d-12h-54m ago

Tradewindsnews

CIT leads $45m boxship fleet refinancing for Mangrove Partners

New York bank was the lead arranger for new loan for vessel portfolio backed by charters to major lines....

Trade Wind News Published 4y-2mo-4d-14h-57m ago

Tradewindsnews

LNG tonnage build up puts fresh downward pressure on rates

US cargo disruptions on the back of cold weather have accelerated seasonal slowdown....

Trade Wind News Published 4y-2mo-4d-15h-36m ago

Tradewindsnews

Wakashio master says disastrous search for internet connection was to 'keep morale high'

Sunil Kumar Nandeshwar tells Mauritius inquiry that he wanted colleagues to be able to contact relatives....

Trade Wind News Published 4y-2mo-4d-15h-55m ago

Tradewindsnews

Livorno FSRU set to start offering small-scale offloads at end of 2021

OLT Offshore moving ahead with plan to expand operations from Italy’s floating import terminal....

Trade Wind News Published 4y-2mo-4d-16h-4m ago

Tradewindsnews

Clarksons says tanker earnings hit lowest level for at least 20 years

January dip illustrates tough markets, while four month period from September 2020 was worst on record....

Trade Wind News Published 4y-2mo-4d-16h-47m ago

Tradewindsnews

US-Cuba lawsuits show no signs of slowing down as Maersk sued

Continued legal actions over Cuba business has as much to do with US Europe relations as it does the US relationship with Cuba....

Trade Wind News Published 4y-2mo-4d-16h-47m ago

Tradewindsnews

VLCC spot sentiment takes a hit after fixtures fail

Details of successful deals thin on the ground, suggesting rates amp 39 not that great amp 39 , Clarksons Platou says....

Trade Wind News Published 4y-2mo-4d-17h-9m ago

Tradewindsnews

Aframax rates jump to multi-month highs but rally might soon be over

Easing congestion in Turkish straits expected to release tonnage back into spot trading....

Trade Wind News Published 4y-2mo-4d-17h-13m ago

Tradewindsnews

Atlantica Shipping offloads four containerships as it buys a supramax

Chief executive says close friends take part in purchase of Japanese controlled bulker....

Trade Wind News Published 4y-2mo-4d-17h-39m ago

Tradewindsnews

Thenamaris breaks hiatus with $160m MR tanker and kamsarmax bulker spree

Outfit inks midsize product tanker and bulker orders after being absent from the market for almost a decade....

Trade Wind News Published 4y-2mo-4d-17h-57m ago

Tradewindsnews

Maran snaps up giant bulker newbuilding ordered by Sinokor

Strong buying interest on the 210,000 dwt newcastlemax pushes the sales price to $53m....

Trade Wind News Published 4y-2mo-4d-17h-57m ago

Tradewindsnews

Western Bulk is 'building back' as bulker markets rebound

Chief executive Hans Aasnaes says the operator is to grow its fleet and has been making big organisational changes....

Trade Wind News Published 4y-2mo-4d-17h-58m ago

Tradewindsnews

Cargoship banned after skipping repairs to head to scrapyard

Paris MOU sanction imposed on Deniz S despite the vessel seeming destined never to trade again....

Trade Wind News Published 4y-2mo-4d-19h-24m ago

Tradewindsnews

M&M: boxship and bulker owners still more likely to default despite recovery

Norwegian lender says credit quality remains below levels seen before pandemic....

Trade Wind News Published 4y-2mo-4d-19h-38m ago

Tradewindsnews

Index aims to predict emissions versus loans trade-off

First software to analyse whether it is worth investing in ships financed under the Poseidon Principles claimed by Metis Cyberspace Technology....

Trade Wind News Published 4y-2mo-4d-20h-4m ago

Tradewindsnews

Grimaldi inks $500m deal with Hyundai Mipo for six ro-ro/MPP vessels

Deal sees Italian owner returning to South Korean builder for next generation of vessels....

Trade Wind News Published 4y-2mo-4d-20h-41m ago

Tradewindsnews

Minerva Marine refutes claims aframax caused damaging Israeli oil spill

Greek manager says media reports naming the Minerva Helen as the suspect vessel are amp 39 unfounded amp 39 ....

Trade Wind News Published 4y-2mo-4d-21h-1m ago

Tradewindsnews

Belships posts small profit but says 'market is back'

Strength of the current supramax market has not been seen at this time of year in over a decade, company said....

Trade Wind News Published 4y-2mo-4d-21h-48m ago

Tradewindsnews

ESG is forcing change, but some still have their heads in the sand

Changing priorities for society and business are impacting shipowners and operators, but a sizeable minority still appear to be living in the past....

Trade Wind News Published 4y-2mo-4d-22h ago

Tradewindsnews

Revving up: Wallenius Wilhelmsen unstacking another three car carriers

Norwegian operator says rising rates means bringing ships back into service makes sense....

Trade Wind News Published 4y-2mo-4d-22h-50m ago

Tradewindsnews

Matson's China trade lifts bottom line above expectations

Container volumes to China more than double alongside jumps in volumes to Hawaii, Guam and Alaska....

Trade Wind News Published 4y-2mo-4d-22h-59m ago

Tradewindsnews

KCC to cash in as it predicts soaring cost of emissions reductions

Combination carrier owner says its fleet will undercut LNG and biofuels as carbon trading prices jump....

Trade Wind News Published 4y-2mo-4d-23h-23m ago

Tradewindsnews

Does ESG push spell the end of shipping's private, family-run world?

An increasing need for transparency to gain vital transition funding promises big changes for the sector, research by WFW has found....

Trade Wind News Published 4y-2mo-4d-23h-23m ago

Tradewindsnews

Finn Amund Norbye emerges as new boss at Norway's OSM

After an expansive year, Norwegian shipmanager OSM has quietly reorganised under industry veteran....

Trade Wind News Published 4y-2mo-4d-23h-24m ago

Tradewindsnews

Funding gap: Neither banks nor owners want to finance $1.4trn transition

Law firm WFW examines where the cash will come from to decarbonise shipping....

Trade Wind News Published 4y-2mo-4d-23h-34m ago

Tradewindsnews

Swiber creditors approve Rawabi Holding’s $200m bailout offer

Saudi Arabian company looks set to become the white knight of yet another Singaporean offshore player....

Trade Wind News Published 4y-2mo-5d-2h-29m ago

Tradewindsnews

Hyundai Heavy raises $720m through sale of subsidiary’s shares to KKR

US private equity investment giant acquires 37% stake in Hyundai Global through pre IPO offerings....

Trade Wind News Published 4y-2mo-5d-3h-17m ago

Tradewindsnews

Less trade protectionism means more economic prosperity, ICS study finds

Trade group urges countries to have fewer trade restrictions for stronger post pandemic recovery....

Trade Wind News Published 4y-2mo-5d-6h-23m ago

Tradewindsnews

Matson improves earnings in face of Covid challenges

US boxship owner beats estimates for fourth quarter, thanks mostly to high speed China service....

Trade Wind News Published 4y-2mo-5d-7h-58m ago

Tradewindsnews

GS Energy turns shipowner with $270m order for up to three VLCC newbuildings

South Korean energy solutions outfit inks scrubber fitted crude carrier newbuildings against long term charters to HMM....

Trade Wind News Published 4y-2mo-5d-8h-28m ago

Tradewindsnews

Handysizes may see second-best market 'since Vikings'

Spot rates get no support from futures rates in backwardation, Njord Shipping amp 39 s Henrik Ness said....

Trade Wind News Published 4y-2mo-5d-9h-51m ago

Tradewindsnews

Handysize bulkers may see second-best market 'since Vikings'

Spot rates get no support from futures rates in backwardation, Njord Shipping amp 39 s Henrik Ness said....

Trade Wind News Published 4y-2mo-5d-9h-51m ago

Tradewindsnews

Rob Bryngelson re-emerges in LNG with new venture WaveCrest Energy

Former Excelerate Energy chief goes back to his roots with Macquarie Capital backed company....

Trade Wind News Published 4y-2mo-5d-12h-36m ago

Tradewindsnews

Castor Initiative’s ammonia-fuelled tanker will set sail for MISC in 2025

High profile coalition says two new partners have completed the eco system to get demonstrator vessel in the water....

Trade Wind News Published 4y-2mo-5d-14h-32m ago

Tradewindsnews

Castor Initiative’s first ammonia-fuelled tanker will set sail in 2025

High profile coalition says two new partners have completed the eco system to get demonstrator vessel in the water....

Trade Wind News Published 4y-2mo-5d-14h-32m ago

Tradewindsnews

Rauma yard shut down after 240 workers test positive

A total of 800 staff quarantined as language barriers blamed....

Trade Wind News Published 4y-2mo-5d-15h-21m ago

Tradewindsnews

Why has Peter Livanos opted for a BlackRock buy-in at GasLog?

Industry insiders pick over decision to take the company private again....

Trade Wind News Published 4y-2mo-5d-15h-34m ago

Tradewindsnews

Upbeat German shipowners declare an end to decade-long crisis

Alfred Hartmann says owners are ‘unscathed’ and optimism is rising....

Trade Wind News Published 4y-2mo-5d-15h-37m ago

Tradewindsnews

Maersk and DFDS join huge green ammonia fuel project

Danish shipping groups partner agricultural companies in $1bn production plant to create green ammonia from offshore wind....

Trade Wind News Published 4y-2mo-5d-15h-40m ago

Tradewindsnews

More insurance premium pain ahead for shipowners, says Gallagher

After recent P amp I increases, insurance broker warns that hull and machinery rates are set to increase further....

Trade Wind News Published 4y-2mo-5d-17h-56m ago

Tradewindsnews

d'Amico dry bulk CEO Lucio Bonaso dies at 72

Italian group amp 39 s owners Cesare and Paolo d amp 39 Amico pay tribute to veteran who drove the development of the bulker fleet over 23 years....

Trade Wind News Published 4y-2mo-5d-18h-36m ago

Tradewindsnews

KGJS sells LR3 tanker at lower-than-expected price

Norwegian shipowner keeps sistership on the sales block after nearly six month effort to sell duo....

Trade Wind News Published 4y-2mo-5d-18h-36m ago

Tradewindsnews

Atlantic MR tanker market cools down with Texas refineries coming back online

Charterers drop preliminary fixtures at high rates amid fewer US import requirements....

Trade Wind News Published 4y-2mo-5d-18h-36m ago

Tradewindsnews

Svitzer plans first fully operational, remotely controlled tugboat

Towage giant joins Kongsberg and ABS to develop tug that can be operated remotely in Port of Copenhagen....

Trade Wind News Published 4y-2mo-5d-19h-10m ago

Tradewindsnews

Cargill launches bunker agent business with Maersk Tankers endorsement

US trading giant will start new business with annual volume of 3.5m tonnes....

Trade Wind News Published 4y-2mo-5d-20h-16m ago

Tradewindsnews

Maersk Eindhoven to be repaired in Japan after box loss

Surveyors and salvors checking vessel ahead of entry into Yokohama....

Trade Wind News Published 4y-2mo-5d-20h-28m ago

Tradewindsnews

Standard Club claims 95% P&I policy renewal success

Insurer says almost all of its members renewed, despite rising rates....

Trade Wind News Published 4y-2mo-5d-20h-41m ago

Tradewindsnews

Maran Gas takes Total’s newbuilding tally to three

Energy major has spread its risk against a trio of owners as it extends chartered fleet....

Trade Wind News Published 4y-2mo-5d-21h-42m ago

Tradewindsnews

Lloyd’s of London leads way on rethinking post-Covid-19 workplace

Could the most traditional of London’s commercial institutions define a model for how maritime services work in the future ....

Trade Wind News Published 4y-2mo-5d-21h-42m ago

Tradewindsnews

Are boxship owners poised to repeat mistakes of the past?

Newbuilds are needed but too many will again store up problems....

Trade Wind News Published 4y-2mo-5d-21h-42m ago

Tradewindsnews

Euronav eyes 'younger tonnage' after $36m Chinese VLCC leaseback

Hugo De Stoop says company achieved amp 39 excellent amp 39 price for 2009 built Newton....

Trade Wind News Published 4y-2mo-5d-22h-15m ago

Tradewindsnews

Hunter sells another modern VLCC for 'decent' price despite spot woes

Arne Fredly backed owner has now offloaded half of its modern scrubber fitted fleet....

Trade Wind News Published 4y-2mo-5d-22h-49m ago

Tradewindsnews

US-listed bulker stocks stall after rampant start to 2021

Can Diana Shipping and Genco reclaim momentum as they roll out the earnings ball this week ....

Trade Wind News Published 4y-2mo-5d-23h-7m ago

Tradewindsnews

Eitzen looks to cautious chemical fleet expansion

Axel Eitzen is moving cautiously to expand the Christiania Shipping fleet after a major refinancing gave him full control of the company....

Trade Wind News Published 4y-2mo-5d-23h-28m ago

Tradewindsnews

It's a mystery: Frontline's Lars Barstad baffled by lack of tanker scrapping

Interim boss thinks recycling will pick up this year but does not subscribe to doomsday scenarios for older ships....

Trade Wind News Published 4y-2mo-5d-23h-28m ago

Tradewindsnews

Gibson says tanker recovery to be more 'in tune' with demand as inventories empty

Shipbroker argues that freight market should be more responsive to improving fundamentals than previously....

Trade Wind News Published 4y-2mo-5d-23h-29m ago

Tradewindsnews

Broker Ifchor boosts dry bulk and S&P reach with new hires

Dry cargo specialist adds Giando Dormio in Switzerland and Lasse Gandolfi in Oslo as expansion continues....

Trade Wind News Published 4y-2mo-5d-23h-29m ago

Tradewindsnews

Sembcorp Marine pins future on green winds blowing across shipping

Offshore wind other green marine technologies are loss making shipyard group amp 39 s vision of a sustainable future....

Trade Wind News Published 4y-2mo-6d ago

Tradewindsnews

Australian to clampdown on substandard livestock carriers

Maritime authorities say vessels will come under intense compliance spotlight in wake of recent casualties....

Trade Wind News Published 4y-2mo-6d-1h-49m ago

Tradewindsnews

Carnival Corp plans $1bn stock offering

US cruise giant has seen its shares rise 50% in the last three months on the back of improved sector prospects....

Trade Wind News Published 4y-2mo-6d-5h-10m ago

Tradewindsnews

Carnival Corp plans stock offering in hunt for $1bn in cash

US cruise giant has seen its shares rise 50% in the past three months on the back of improved sector prospects....

Trade Wind News Published 4y-2mo-6d-5h-10m ago

Tradewindsnews

SK Shipping pair logs more than two years offhire as repairs roll on

Redelivery dates mapped out, but court action over containment systems in London and Seoul continues....

Trade Wind News Published 4y-2mo-6d-5h-44m ago

Tradewindsnews

Another death reported as two more crews hit by mass poisonings

Seafarers reported ill in Canada and Russia following fatal incident on Precious ship off Maldives....

Trade Wind News Published 4y-2mo-6d-5h-45m ago

Tradewindsnews

Flex LNG grabs more shares after quarterly earnings growth

Company repurchased shares last week and in January....

Trade Wind News Published 4y-2mo-6d-10h-41m ago

Tradewindsnews

Crude tankers not ‘out of woods’ for 2021 due to Chinese destocking, Iranian tonnage

Chinese crude imports will probably be flat despite oil demand recovery, Braemar ACM’s Anoop Singh says....

Trade Wind News Published 4y-2mo-6d-12h-28m ago

Tradewindsnews

Crude tankers not ‘out of woods’ for 2021 due to Chinese destocking and Iranian tonnage

Chinese crude imports will probably be flat despite oil demand recovery, Braemar ACM’s Anoop Singh says....

Trade Wind News Published 4y-2mo-6d-12h-28m ago

Tradewindsnews

Royal Caribbean suffers $5.8bn loss for 2020 at the hands of Covid-19

The New York listed owner amp 39 s shares are up almost 11% as of Monday amp 39 s mid day trading....

Trade Wind News Published 4y-2mo-6d-13h-10m ago

Tradewindsnews

Royal Caribbean suffers $5.8bn loss for 2020 due to Covid-19

The New York listed owner amp 39 s shares are up almost 11% as of Monday amp 39 s midday trading....

Trade Wind News Published 4y-2mo-6d-13h-10m ago

Tradewindsnews

Harvey Gulf sues after PSV damaged in Gulf hurricane

The ship is currently still grounded, with damages still to be determined....

Trade Wind News Published 4y-2mo-6d-13h-56m ago

Tradewindsnews

Harvey Gulf sues after PSV damaged in US Gulf hurricane

Ship remains grounded, with damages still to be determined....

Trade Wind News Published 4y-2mo-6d-13h-56m ago

Tradewindsnews

GasLog Partners shifts into spotlight for fleet growth

Executives sidestep parent BlackRock merger questions and talk up prospects for MLP to play in spot market....

Trade Wind News Published 4y-2mo-6d-14h-23m ago

Tradewindsnews

Semiramis Paliou appointed Diana Shipping CEO

Founder Simeon Palios will stay on as non executive chairman....

Trade Wind News Published 4y-2mo-6d-14h-24m ago

Tradewindsnews

Semiramis Paliou takes top job as Diana Shipping reports slimmer losses

Founder Simeon Palios will stay on as non executive chairman....

Trade Wind News Published 4y-2mo-6d-14h-24m ago

Tradewindsnews

Insurer Gard claims substantial gains at P&I renewal

Cashback deals for members pay off as the largest P amp I insurer gets even bigger at renewal....

Trade Wind News Published 4y-2mo-6d-14h-28m ago

Tradewindsnews

Avance Gas sees Asian demand growing after 'incredible' VLGC rate boom ends

Commercial chief Ben Martin gives upbeat view on prospects for US Gulf production....

Trade Wind News Published 4y-2mo-6d-16h-47m ago

Tradewindsnews

GasLog unveils merger with BlackRock’s power arm, with plans to delist

Peter Livanos declares the deal a ‘transformative next step’ for his company....

Trade Wind News Published 4y-2mo-6d-17h-27m ago

Tradewindsnews

New Lloyd’s Register chief executive reshapes marine division team

Nick Brown reorganises marine division after taking charge of UK classification society....

Trade Wind News Published 4y-2mo-6d-18h ago

Tradewindsnews

MV Werften readies axe for 1,200 workers amid cruise crisis

Staff told government cash is dependent on matching workforce with orders....

Trade Wind News Published 4y-2mo-6d-18h-47m ago

Tradewindsnews

Soren Skou says consumers can pay multibillion-dollar decarbonisation bill

Cost to customers will equal just six US cents on a pair of trainers, AP Moller Maersk chief tells BBC....

Trade Wind News Published 4y-2mo-6d-18h-47m ago

Tradewindsnews

Corinth Canal suspends crossings until further notice

Historic Greek waterway needs amp 39 hundreds of millions of euros amp 39 of investment to survive....

Trade Wind News Published 4y-2mo-6d-18h-47m ago

Tradewindsnews

Songa Container takes full control of three sub-panamax boxships

Shipowner exercises purchase options on trio as earnings continue to recover....

Trade Wind News Published 4y-2mo-6d-19h-13m ago

Tradewindsnews

Seafarer missing after blast on Vietnamese product tanker

No sign of 28 year old engineer....

Trade Wind News Published 4y-2mo-6d-19h-17m ago

Tradewindsnews

GC Rieber looks for new business after selling another vessel

Norwegian owner down to three ships with disposal of inspection and maintenance unit Polar Queen....

Trade Wind News Published 4y-2mo-6d-19h-42m ago

Tradewindsnews

Shipping looks set to escape Myanmar sanctions — for now

But shipowners must be on their guard for links to individuals targeted by the US....

Trade Wind News Published 4y-2mo-6d-21h-44m ago

Tradewindsnews

South Korean ropax scrapped as brakes put on ferry buying

Interest in larger Asian ropaxes is non existent as operators continue to reel from pandemic impact....

Trade Wind News Published 4y-2mo-6d-22h-13m ago

Tradewindsnews

Oil pressure blamed for stall that tipped boxes off Maersk Eindhoven

Safety feature reportedly triggered engine shutdown off Japan....

Trade Wind News Published 4y-2mo-6d-22h-30m ago

Tradewindsnews

Zhonggu Logistics completes $630m order drive with boxship octet at Jinling Shipyard

Chinese shipowner fulfils plan to order up to 18 newbuildings worth about $630m....

Trade Wind News Published 4y-2mo-6d-22h-47m ago

Tradewindsnews

KCC lets last two combination carrier options lapse as deliveries remain tricky

Norwegian shipowner focused on getting final two newbuildings in operation despite Covid 19 restrictions....

Trade Wind News Published 4y-2mo-6d-23h-24m ago

Tradewindsnews

Xihe sells MR2 product tanker as fleet selloff lumbers along

With another tanker sold, market sources suggest more could also be leaving the Xihe fleet in the near future....

Trade Wind News Published 4y-2mo-1w-2h-14m ago

Tradewindsnews

Stamatis Molaris to offload tankers and bulkers to Gulf Navigation

Dubai based owner says agreement with Greek owner is beginning of a larger scope of partnership....

Trade Wind News Published 4y-2mo-1w-4h-1m ago

Tradewindsnews

Gibraltar launches investigation into explosion on Chinese capesize

Police board Hong Kong bulker which is unable to anchor due to defective anchor equipment....

Trade Wind News Published 4y-2mo-1w-16h-10m ago

Tradewindsnews

FSL cites 'extraordinarily' high price as it defends tanker sale to GNMTC

Singapore shipowner answers query from SGX as to how disposal of newbuildings fits its fleet renewal aims....

Trade Wind News Published 4y-2mo-1w-22h-2m ago

Tradewindsnews

SK Shipping inks VLCC duo at DSME as it grows its fleet

Reliance Industries linked to charter of the scrubber fitted crude carriers....

Trade Wind News Published 4y-2mo-1w-2d-6h-47m ago

Tradewindsnews

What just happened in the panamax freight derivatives market?

FFA brokers say they are amp 39 tired amp 39 and looking forward to the weekend....

Trade Wind News Published 4y-2mo-1w-2d-9h-25m ago

Tradewindsnews

US Gulf's force majeure threat a 'short-term blip' for bulkers

Panamaxes and kamsarmaxes will most likely wait for port operations to return to normal, Jefferies analyst Randy Giveans said....

Trade Wind News Published 4y-2mo-1w-2d-10h-19m ago

Tradewindsnews

What the hell just happened in the panamax freight derivatives market?

FFA brokers say they are amp 39 tired amp 39 and looking forward to the weekend....

Trade Wind News Published 4y-2mo-1w-2d-10h-25m ago

Tradewindsnews

Project to provide water in paper cartons gains further support in shipping

Executives at Galbraiths, Marsh, NorthCape and OSM get on board....

Trade Wind News Published 4y-2mo-1w-2d-16h-4m ago

Tradewindsnews

Hapag-Lloyd boss sees no immediate end to 'perfect storm' in liner shipping

Rolf Habben Jansen says the company is pulling out the stops to cope with amp 39 biggest operational crisis amp 39 the industry has seen....

Trade Wind News Published 4y-2mo-1w-2d-16h-39m ago

Tradewindsnews

Marine paints giant Jotun logs record result for 2020

Norwegian outfit is spared the pain of the Covid 19 pandemic....

Trade Wind News Published 4y-2mo-1w-2d-17h ago

Tradewindsnews

Cruiseship lay-ups costing Fred Olsen Cruise Line $4.2m a month

But Norwegian operator says there is amp 39 solid amp 39 customer demand for cruises from the second half of 2021 onwards....

Trade Wind News Published 4y-2mo-1w-2d-18h-28m ago

Tradewindsnews

Awilco LNG turns back into profit in the fourth quarter

Gas carrier owner benefits from upturn in freight income at year’s end, but still records loss for the full year....

Trade Wind News Published 4y-2mo-1w-2d-18h-35m ago

Tradewindsnews

UK Supreme Court overturns ruling against Evergreen in first collision ruling

Groundbreaking judgment sends case back to Admiralty Court and reinforces primacy of amp 39 crossing rules amp 39 for vessels....

Trade Wind News Published 4y-2mo-1w-2d-18h-47m ago

Tradewindsnews

Avance Gas sees no need to panic despite VLGC rate crash

John Fredriksen backed owner says fundamentals are in place for healthy operations....

Trade Wind News Published 4y-2mo-1w-2d-19h-53m ago

Tradewindsnews

GTT sees demand for over 300 LNG carriers from now to 2030

French technology company plans to internationalise and grow its green hydrogen acquisition Elogen....

Trade Wind News Published 4y-2mo-1w-2d-20h-54m ago

Tradewindsnews

Bangladesh crew test positive for Covid-19 at Imabari Shipbuilding

Imabari tells workers likely to have had contact with infected crew to stay at home as spread is investigated....

Trade Wind News Published 4y-2mo-1w-2d-20h-57m ago

Tradewindsnews

KCC's combination carriers beat tanker earnings by 200%

Versatile fleet also outstripped bulker rates twofold in fourth quarter....

Trade Wind News Published 4y-2mo-1w-2d-21h-17m ago

Tradewindsnews

MISC Berhad tests buyer interest for long laid-up LNG carrier

Company said to be open to all options as it asks for expressions of interest in the Puteri Firus....

Trade Wind News Published 4y-2mo-1w-2d-21h-34m ago

Tradewindsnews

Victor Insurance swims against the tide to set up hull facility

Newcomer to the marine market hopes to make its mark by using better data and the skills of recent hire Richard Turner....

Trade Wind News Published 4y-2mo-1w-2d-21h-44m ago

Tradewindsnews

Ariston hires former Cargill man to enter structured finance

Kyriakos Attikouris to oversee new business development desk at Athens based boutique....

Trade Wind News Published 4y-2mo-1w-2d-21h-47m ago

Tradewindsnews

Opaque shipowners earn big bucks in sanctioned tanker trades

Risk takers make hay playing unregulated markets as US tightens sanctions....

Trade Wind News Published 4y-2mo-1w-2d-22h-31m ago

Tradewindsnews

Abandoned Palmali crew ends hunger strike and returns home

Repatriation comes after union pressure on port state Lebanon and flag state Malta....

Trade Wind News Published 4y-2mo-1w-2d-22h-36m ago

Tradewindsnews

Frontline says 'lagging' tanker market set for boost once inventory draw is done

John Fredriksen company posts best annual result since 2008 despite loss making quarter....

Trade Wind News Published 4y-2mo-1w-2d-22h-36m ago

Tradewindsnews

GP Global unit asks Singapore court for protection from creditors

The Singapore arm of Dubai based fuel oil trader urges high court for debt moratorium as it seeks to restructure....

Trade Wind News Published 4y-2mo-1w-2d-22h-44m ago

Tradewindsnews

GEV wins new investors to speed up compressed gas shipping plans

Australian company places $4.9m of stock with institutional buyers as it plots new types of carriers....

Trade Wind News Published 4y-2mo-1w-2d-23h-25m ago

Tradewindsnews

Distressed liftboat sales expected but wind work offers hope

VesselsValue says Singapore amp 39 s Ezion could offer more ships for sale but bigger units may find charters outside oil and gas sector....

Trade Wind News Published 4y-2mo-1w-2d-23h-25m ago

Tradewindsnews

SFL's Hjertaker still thinking long-term despite market spikes

Fredriksen company monitoring booming boxship and bulker sectors for term charter opportunities....

Trade Wind News Published 4y-2mo-1w-2d-23h-26m ago

Tradewindsnews

Henning Oldendorff reveals the secret behind 100 years of growth

Chairman of bulker giant describes the ‘Oldendorff way’ of doing business....

Trade Wind News Published 4y-2mo-1w-2d-23h-26m ago

Tradewindsnews

Early 2021 bulker sale-and-purchase activity nearly triple that of a year ago

January transactions said to dwarf those of last year, with emphasis on small ship sizes....

Trade Wind News Published 4y-2mo-1w-2d-23h-44m ago

Tradewindsnews

Castor and Globus raid secondhand market for kamsarmax tonnage

Greek owners between them spend over $30m on Japanese and South Korean built tonnage....

Trade Wind News Published 4y-2mo-1w-3d-3h-42m ago

Tradewindsnews

Cargoship reportedly sinks off Libya trying to avoid rough seas

A boxship and tanker were involved in rescuing 11 crew members, who were later taken to Benghazi....

Trade Wind News Published 4y-2mo-1w-3d-5h-32m ago

Tradewindsnews

Tanker market distortion: strong asset prices despite weak freight rates

US sanctions have strong impact on secondhand and charter markets....

Trade Wind News Published 4y-2mo-1w-3d-5h-42m ago

Tradewindsnews

Opaque owners earn big bucks in sanctioned tanker trades

Risk takers make hay playing unregulated markets as US tightens sanctions....

Trade Wind News Published 4y-2mo-1w-3d-7h-4m ago

Tradewindsnews

Star Bulk's Pappas: 'ocean imbalance' drives panamax rally

China amp 39 s wintertime demand for coal has put pressure on panamax supply, chief executive Petros Pappas said....

Trade Wind News Published 4y-2mo-1w-3d-10h-52m ago

Tradewindsnews

Need for speed: Golden Ocean's bulker deal with Sea Tankers Management

It took just one hour to close the books on the private placement of shares that helped fund the deal....

Trade Wind News Published 4y-2mo-1w-3d-14h-5m ago

Tradewindsnews

Need for speed: Inside Golden Ocean's bulker deal with Seatankers Management

It took just one hour to close the books on the private placement of shares that helped fund the deal....

Trade Wind News Published 4y-2mo-1w-3d-14h-5m ago

Tradewindsnews

P&O Australia extends fleet suspension into mid-June

Carnival brand calls latest delay a amp 39 practical approach amp 39 to sailing....

Trade Wind News Published 4y-2mo-1w-3d-15h-10m ago

Tradewindsnews

Scorpio Tankers eyes $102m liquidity boost after fourth-quarter loss

Deutsche Bank analyst Amit Mehrotra – long term critic of Scorpio management – downgrades company shares for ‘weak corporate governance’....

Trade Wind News Published 4y-2mo-1w-3d-16h-42m ago

Tradewindsnews

Scorpio Tankers slips into red as it misses fourth-quarter forecast

But the product tanker giant is beating market earnings this quarter....

Trade Wind News Published 4y-2mo-1w-3d-16h-42m ago

Tradewindsnews

SFL hesitant on tankers and offshore but hopeful 'there will be deals'

Chief executive Ole Hjertaker says the owner was cautious last year but is now focused on environmentally friendly tonnage acquisitions....

Trade Wind News Published 4y-2mo-1w-3d-16h-42m ago

Tradewindsnews

Ocean Yield happy to keep Solstad OSVs as charter payments resume

CEO Lars Solbakken says there are no plans to sell leased anchor handlers following counterparty amp 39 s restructuring....

Trade Wind News Published 4y-2mo-1w-3d-16h-42m ago

Tradewindsnews

Maran Tankers linked to order for LNG-fuelled VLCC quartet

Samsung Heavy Industries boosts dual fuel tanker tally with new customer....

Trade Wind News Published 4y-2mo-1w-3d-17h-40m ago

Tradewindsnews

European shipper ‘takes matters into own hands’ on Asia-Europe trade

Shipper teams up with China United Lines to charter feeder vessel....

Trade Wind News Published 4y-2mo-1w-3d-18h-22m ago

Tradewindsnews

European product tanker market heats up amid US big freeze

Charterers are busy fixing vessels for arbitrage cargoes following US refinery closures....

Trade Wind News Published 4y-2mo-1w-3d-18h-36m ago

Tradewindsnews

SD Standard Drilling takes term cover but sees looming shortage of large PSVs

Oystein Stray Spetalen backed company is upbeat on improving prospects in the North Sea market this year....

Trade Wind News Published 4y-2mo-1w-3d-18h-48m ago

Tradewindsnews

Another Eletson Corp tanker caught in dispute with Chinese lessors

If the ship is arrested, it will be the fourth Eletson ship involved in the ongoing legal fight....

Trade Wind News Published 4y-2mo-1w-3d-18h-48m ago

Tradewindsnews

Navtor uses its private equity backing to acquire US fleet management firm

Leading e navigational software company buys Houston based ship operations system provider as its expands to supply a full vessel performance platform....

Trade Wind News Published 4y-2mo-1w-3d-18h-50m ago

Tradewindsnews

Britannia P&I launches exclusive South Korean correspondent

Move fits with insurer amp 39 s policy of establishing global network of regional outposts....

Trade Wind News Published 4y-2mo-1w-3d-19h-8m ago

Tradewindsnews

Provisions for litigation claims drag MISC Berhad into the red during 2020

Ongoing legal disputes in offshore spoil what would otherwise have been a solid financial performance....

Trade Wind News Published 4y-2mo-1w-3d-19h-44m ago

Tradewindsnews

Golden Ocean sees softer final quarter as analysts forecast NAV boost from big-ticket deal

Still no dividend from the John Fredriksen backed bulker owner, which is focusing on buying vessels....

Trade Wind News Published 4y-2mo-1w-3d-19h-51m ago

Tradewindsnews

Havyard Group raises $25m as it spins off tech businesses

HAV Group to debut on Oslo amp 39 s Euronext Growth board next month....

Trade Wind News Published 4y-2mo-1w-3d-20h-34m ago

Tradewindsnews

Shipowners are on the move as P&I clubs get tough on pricing

But underwriters say price hike not enough to wipe out losses and forecast future increases....

Trade Wind News Published 4y-2mo-1w-3d-21h-47m ago

Tradewindsnews

Teco 2030 goes for gigawatts with new hydrogen fuel cell facility

Oslo listed innovator plans large scale production plant in Norway....

Trade Wind News Published 4y-2mo-1w-3d-21h-47m ago

Tradewindsnews

Maersk boxship loses 260 containers overboard after engine failure

Harsh weather blamed for amp 34 regrettable amp 34 incident off Japan....

Trade Wind News Published 4y-2mo-1w-3d-22h-34m ago

Tradewindsnews

Another Maersk vessel loses containers overboard after engine failure

Harsh weather blamed for incident off Japan....

Trade Wind News Published 4y-2mo-1w-3d-22h-34m ago

Tradewindsnews

Orix Corp linked to $330m Evergreen mega-boxship leasebacks

Taiwanese owner confirms deal to sell two of its giant newbuildings....

Trade Wind News Published 4y-2mo-1w-3d-23h-1m ago

Tradewindsnews

'Angels' help NautilusLog close seed financing to wage war on paperwork

Tech start up ready to move to next stage of development thanks to NBank Capital and other investors....

Trade Wind News Published 4y-2mo-1w-3d-23h-27m ago

Tradewindsnews

Trafigura boosts LPG-fuelled gas carrier order tally at Hyundai Mipo

Latest midsize newbuilding pair brings the trading giant amp 39 s newbuilding spend in the sector to $210m....

Trade Wind News Published 4y-2mo-1w-3d-23h-28m ago

Tradewindsnews

Okeanis Eco Tankers in no rush to sell aframaxes as asset prices rise

Greek owner says it will refinance one of its three 115,000 dwt ships this year unless it is offloaded first....

Trade Wind News Published 4y-2mo-1w-3d-23h-29m ago

Tradewindsnews

BP still makes a profit on LNG deal despite $350,000 charter rate

Oil major’s market knowledge enabled it to maximise profit on deal, says Berstein analyst.....

Trade Wind News Published 4y-2mo-1w-4d-28m ago

Tradewindsnews

BP still makes profit on LNG deal despite $350,000 charter rate

Oil major’s market knowledge enabled it to maximise profit on deal, says Bernstein analyst....

Trade Wind News Published 4y-2mo-1w-4d-28m ago

Tradewindsnews

Liberian Registry expands South Korea presence with Busan office

Flag state says move puts it at the heart of nation’s ship management companies....

Trade Wind News Published 4y-2mo-1w-4d-5h-14m ago

Tradewindsnews

Star Bulk Carriers improves earnings amid higher spot rates

The New York listed owner has acquired 10 ships since December....

Trade Wind News Published 4y-2mo-1w-4d-5h-19m ago

Tradewindsnews

Star Bulk Carriers improves quarterly profit despite revenue slump

The New York listed owner has acquired 10 ships since December....

Trade Wind News Published 4y-2mo-1w-4d-5h-19m ago

Tradewindsnews

Adnoc L&S prepares to beef up with fresh VLCC and LR2 tonnage

Hunter Group and Wah Kwong ships offered in as Abu Dhabi owner continues buying spree....

Trade Wind News Published 4y-2mo-1w-4d-6h-6m ago

Tradewindsnews

Pleiades ups order tally at Daehan as it rebuilds tanker fleet

Latest aframax said to be an option exercised from a contract last year....

Trade Wind News Published 4y-2mo-1w-4d-6h-7m ago

Tradewindsnews

Has Covid called time on a golden era of Filipino seafaring?

Coronavirus, amp 39 ambulance chasing amp 39 lawyers and concerns over the quality of training have all played a part in undermining the status of the Filipino seafarer....

Trade Wind News Published 4y-2mo-1w-4d-6h-7m ago

Tradewindsnews

Costa Cruises pushes fleet suspension to late March

The Italian Carnival brand expects to sail two more ships in May....

Trade Wind News Published 4y-2mo-1w-4d-11h-13m ago

Tradewindsnews

IMO, WISTA International launch survey for women in shipping

The two intend to repeat the survey every three years amid greater efforts to diversify shipping....

Trade Wind News Published 4y-2mo-1w-4d-12h-57m ago

Tradewindsnews

IMO and WISTA International launch survey for women in shipping

Duo intends to repeat the opinion poll every three years amid greater efforts to diversify shipping....

Trade Wind News Published 4y-2mo-1w-4d-12h-57m ago

Tradewindsnews

Flex LNG opts for spot exposure but will shift to term when 'time is right'

A steam and diesel electric ships are struggling to compete as tougher emissions regulations kick in, says owner....

Trade Wind News Published 4y-2mo-1w-4d-13h-18m ago

Tradewindsnews

Golden Ocean to spend $752m on bulkers from John Fredriksen's private arm

Acquisition would brings the New York listed owner amp 39 s fleet count to 96 ships....

Trade Wind News Published 4y-2mo-1w-4d-13h-29m ago

Tradewindsnews

Billion-dollar shipping week for dry freight derivatives, says FIS

New record in trading volumes smashes the record set in 2008, during the last shipping cycle boom....

Trade Wind News Published 4y-2mo-1w-4d-13h-35m ago

Tradewindsnews

SFL nets $17.5m from sale of stake in ultra-large boxships

Losses confirmed on drill rigs as company shifts focus to assets with low carbon footprint....

Trade Wind News Published 4y-2mo-1w-4d-13h-53m ago

Tradewindsnews

Seanergy prices $75m offer with eye focused on more capesizes

The New York listed owner just expanded its pureplay fleet to 12 capesizes....

Trade Wind News Published 4y-2mo-1w-4d-15h-8m ago

Tradewindsnews

Cleaves sees early signs of 'massive capital injection' for tanker owners

Analyst Joakim Hannisdahl upgrades sector early after spotting potential influx of investor cash....

Trade Wind News Published 4y-2mo-1w-4d-15h-48m ago

Tradewindsnews

War chest: Ocean Yield has 'a few hundred million dollars' to spend on new ships

Norwegian owner is on the acquisition trail after offloading a series of leased vessels....

Trade Wind News Published 4y-2mo-1w-4d-16h-44m ago

Tradewindsnews

Flag-state system needs to be radically reformed and be put at top of ESG agenda

When flag states sell their national sovereignty to abusive shipowners, shipping and ship finance need to stop rationalising the practice and take action....

Trade Wind News Published 4y-2mo-1w-4d-16h-44m ago

Tradewindsnews

Feasting on turnovers? US-listed dry bulk owners are adjusting to a new diet

Rising share prices are one thing, but there are other measures of investor interest and bulker owners are finally seeing them....

Trade Wind News Published 4y-2mo-1w-4d-16h-45m ago

Tradewindsnews

Wallenius Wilhelmsen plots wind-powered PCTC by 2025

Race to cut emissions leads to Oslo listed shipowner amp 39 s second design for a cargo sail ship....

Trade Wind News Published 4y-2mo-1w-4d-17h-13m ago

Tradewindsnews

Crew leaves grounded tanker in UAE after four-year shift

Seafarers swim to shore after lengthy ordeal but agree to stay to help with vessel sale....

Trade Wind News Published 4y-2mo-1w-4d-17h-27m ago

Tradewindsnews

Capesize spot rates jump sharply thanks to futures market and firmer fixtures

Baltic Exchange amp 39 s capesize time charter average rate was up by almost 30% on Wednesday....

Trade Wind News Published 4y-2mo-1w-4d-17h-31m ago

Tradewindsnews

Elbdeich acquires LNG-fuelled feeder boxship as fleet expansion continues

German owner to investigate potential of gas as a fuel on other vessels in its fleet....

Trade Wind News Published 4y-2mo-1w-4d-17h-37m ago

Tradewindsnews

Tanker owners ‘face the music’ as scrubber-fitted eco VLCCs fetch low period rates

Period market remains active despite weak charter rates for young VLCCs amid bearish market outlook....

Trade Wind News Published 4y-2mo-1w-4d-18h-47m ago

Tradewindsnews

Banks extricate themselves from Empire suezmax quartet

Greek owners Moundreas and Molaris seen to benefit from creditor driven deal....

Trade Wind News Published 4y-2mo-1w-4d-18h-47m ago

Tradewindsnews

Zodiac Maritime linked to move to bring DSME order haul to 10 boxships

Eyal Ofer led owner is said to have exercised options on neo panamax quartet....

Trade Wind News Published 4y-2mo-1w-4d-19h-4m ago

Tradewindsnews

Union urges owners to follow MSC's crew change action in China

ITF says it is time for owners to pay the cost of getting stranded crew home from trade blockade....

Trade Wind News Published 4y-2mo-1w-4d-20h-11m ago

Tradewindsnews

Flex LNG sees more demand for US LNG in 2021

Harald Gurvin signs off as chief financial officer after more than 15 years with Fredriksen Group....

Trade Wind News Published 4y-2mo-1w-4d-20h-43m ago

Tradewindsnews

Bimco helping bulkers shift to slower 'just in time' business model

Organisation amp 39 s Grant Hunter explains the importance of new clause aimed at avoiding wasteful waiting time in ports....

Trade Wind News Published 4y-2mo-1w-4d-21h-3m ago

Tradewindsnews

CMA CGM’s new air division takes off as strategic shift continues

Liner company acquires four freighter aircraft to complement its shipping business....

Trade Wind News Published 4y-2mo-1w-4d-21h-16m ago

Tradewindsnews

ArcelorMittal confirms bulker involved in Gibraltar spill

The ship ceased bunkering operations immediately after the spill, mining giant says....

Trade Wind News Published 4y-2mo-1w-4d-21h-39m ago

Tradewindsnews

Lemos Group’s new bulker agent makes debut capesize purchase

Led by former Oldendorff managers, Valhal Shipping hits its stride as Enesel amp 39 s exclusive agent for dry bulk shipping....

Trade Wind News Published 4y-2mo-1w-4d-21h-44m ago

Tradewindsnews

Top shipbrokers set up carbon trading desks in the hunt for new business

BRS, Clarksons and Affinity are among the first maritime brokerages to enter the environmental trading market....

Trade Wind News Published 4y-2mo-1w-4d-21h-44m ago

Tradewindsnews

Beginner's guide for shipping firms in carbon offset market

New entrants urged to be cautious as not all offset projects are cut from the same cloth....

Trade Wind News Published 4y-2mo-1w-4d-21h-44m ago

Tradewindsnews

Early adopter: Maersk to run first carbon-neutral ship by 2023 in methanol plan

Danish containership giant moves decarbonisation target forward by seven years....

Trade Wind News Published 4y-2mo-1w-4d-22h-31m ago

Tradewindsnews

Sovcomflot video captures February first Northern Sea Route voyage for LNG carrier

Drone footage shows ice breaker working with vessel in first February crossing of Northern Sea Route....

Trade Wind News Published 4y-2mo-1w-4d-22h-34m ago

Tradewindsnews

Cooking and heating demand for LPG swells the coffers of Epic Gas during pandemic

Small LPG carrier specialist remains optimistic for 2021 as residential LPG demand remains high....

Trade Wind News Published 4y-2mo-1w-4d-22h-41m ago

Tradewindsnews

Prem Watsa targets VLCC sector through $82m Seven Islands IPO

Canadian billionaire amp 39 s Indian tanker company also wants to buy an MR with cash from Mumbai listing....

Trade Wind News Published 4y-2mo-1w-4d-22h-47m ago

Tradewindsnews

Hydroussa Navigation snaps up kamsarmax as prices move higher

Deal marks the firs sale for the Greek company in seven years....

Trade Wind News Published 4y-2mo-1w-4d-22h-53m ago

Tradewindsnews

Evalend Shipping scores rare Tier II bulker newbuildings

Greek shipowner books kamsarmaxes to be built to IMO amp 39 s older NOx standards....

Trade Wind News Published 4y-2mo-1w-4d-23h-27m ago

Tradewindsnews

Trafigura tries out cheaper Schuldschein market for $134m loan

Trader and shipowner seals first move into German alternative bond market as it diversifies finance base....

Trade Wind News Published 4y-2mo-1w-4d-23h-27m ago

Tradewindsnews

Safety can’t be sacrificed as we sail into increasingly complex waters

New fuels and greater digitalisation promise huge rewards, but what of the potential dangers ....

Trade Wind News Published 4y-2mo-1w-4d-23h-27m ago

Tradewindsnews

Arbitration keeps up momentum in Singapore as Asian push pays dividends

Arbitration volumes climbed slightly as new management began regional outreach and met the challenges of the coronavirus....

Trade Wind News Published 4y-2mo-1w-5d-1h-22m ago

Tradewindsnews

Arbitration retains momentum in Singapore as Asian push pays dividends

Arbitration volumes climbed slightly as new management began regional outreach and met the challenges of the coronavirus....

Trade Wind News Published 4y-2mo-1w-5d-1h-22m ago

Tradewindsnews

BW Offshore invests $72m in offshore wind firm Ideol ahead of Oslo listing

Singapore floater specialist says experience in offshore markets ‘highly complementary’ to offshore wind sector....

Trade Wind News Published 4y-2mo-1w-5d-2h-34m ago

Tradewindsnews

Myanmar’s fledgling tanker market holds its breath over threat of more US sanctions

Any further action by Biden administration may make cargo moves more complicated, say traders....

Trade Wind News Published 4y-2mo-1w-5d-5h-39m ago

Tradewindsnews

Boost to bulker markets expected from fast-growing Chinese demand for grains

Analysts expect import growth to support demand for bulkers of ultramax capacity through to kamsarmaxes, especially during the second quarter....

Trade Wind News Published 4y-2mo-1w-5d-8h-30m ago

Tradewindsnews

Icy conditions see panamax bulkers fixed at red-hot rates, FFAs sizzling

Tight tonnage in the north Atlantic has principally supported the physical market, but a few eye popping reported fixtures have aided sentiment....

Trade Wind News Published 4y-2mo-1w-5d-9h-17m ago

Tradewindsnews

Eneti selling last two Ocean Yield-owned ultramaxes in wind shift

Emanuele Lauro led owner now down to a handful of bulkers....

Trade Wind News Published 4y-2mo-1w-5d-11h-2m ago

Tradewindsnews

Bunker Holding sees rejigs at subsidiaries, group level

Ex LQM CEO joins group strategy department after KPI OceanConnect waves goodbye to some staffers....

Trade Wind News Published 4y-2mo-1w-5d-11h-21m ago

Tradewindsnews

Hapag-Lloyd profits to soar but tones down expectations for 2021

Earnings off to a flying start but market expected to ‘normalise,’ says CEO Rolf Habben Janesen.....

Trade Wind News Published 4y-2mo-1w-5d-12h-28m ago

Tradewindsnews

Hapag-Lloyd profits to soar but it tones down expectations for 2021

Earnings off to a flying start but market expected to ‘normalise’, says CEO....

Trade Wind News Published 4y-2mo-1w-5d-12h-28m ago

Tradewindsnews

Market upturn gives shipping companies a chance to show they are investible

Equities and freight rates are rising, which analysts say provide shipping an opportunity....

Trade Wind News Published 4y-2mo-1w-5d-12h-34m ago

Tradewindsnews

AIDA Cruises to start sailing again in late March

Norwegian Cruise Line Holdings has postponed voyages to June....

Trade Wind News Published 4y-2mo-1w-5d-12h-35m ago

Tradewindsnews

As bulker shares climb, asset prices will likely follow, says Cleaves

Share prices not likely to come down and could receive another boost sooner than expected, said head of research....

Trade Wind News Published 4y-2mo-1w-5d-12h-37m ago

Tradewindsnews

DNV GL warns of looming 'safety gap' from new technologies

Rapid pace of decarbonisation and digitalisation require collaboration to avoid accidents that slow progress, says class society....

Trade Wind News Published 4y-2mo-1w-5d-12h-38m ago

Tradewindsnews

Seanergy Maritime buys 12th capesize amid improving market

Pureplay capesize owner is actively looking for more vessels and expects continued strength in sector....

Trade Wind News Published 4y-2mo-1w-5d-13h-59m ago

Tradewindsnews

Danaos Corp's profit jumps 28% amid 'outstanding turnaround'

Boxship owner expects 2021 revenue to exceed last year amp 39 s revenue by $100m....

Trade Wind News Published 4y-2mo-1w-5d-14h-27m ago

Tradewindsnews

Isabelle Durant to lead Unctad until permanent secretary general appointed

United Nations trade and development body saw Mukhisa Kituyi step down after nearly eight years in February....

Trade Wind News Published 4y-2mo-1w-5d-15h-19m ago

Tradewindsnews

Shipping figures look for a way into the blank-cheque game

Scorpio, Wilbur Ross and Akis Tsirigakis chase deals, while green energy could open a new front....

Trade Wind News Published 4y-2mo-1w-5d-16h-47m ago

Tradewindsnews

Spacs are all the rage for investors — but can shipowners get a slice?

Bankers examine why the maritime sector has cashed in before, and why things are different this time....

Trade Wind News Published 4y-2mo-1w-5d-16h-47m ago

Tradewindsnews

Oaktree and Macquarie eye ship lease expansion after 'unique' finance deal

Shipping investor and bank team up on securitisation of loans for vessel financing....

Trade Wind News Published 4y-2mo-1w-5d-16h-47m ago

Tradewindsnews

Project seeks to cut crew on coastal ship as young reject on-board jobs

Belgium amp 39 s Seafar launches semi autonomous project to reduce crew on box feeder vessel sailing regularly between Antwerp and Zeebrugge....

Trade Wind News Published 4y-2mo-1w-5d-17h-37m ago

Tradewindsnews

Ocean Yield facing Indian court battle over FPSO tax claim

Kjell Inge Rokke company is still trying to find employment for costly production unit....

Trade Wind News Published 4y-2mo-1w-5d-18h-9m ago

Tradewindsnews

Bulkseas Marine sells panamax as scrap prices inch back up in Bangladesh

Sale of bulker owner amp 39 s oldest ship follows purchases by Greek owner of younger vessels....

Trade Wind News Published 4y-2mo-1w-5d-18h-24m ago

Tradewindsnews

Chemnav and fellow Greeks shed ageing suezmaxes in fleet renewal

Sagging freight rates have not dampened buyers amp 39 appetite for older vessels....

Trade Wind News Published 4y-2mo-1w-5d-18h-43m ago

Tradewindsnews

V.Ships to crew world's first LNG-fuelled fast ferry

Spain amp 39 s Balearia strikes deal for $102m newbuilding Eleanor Roosevelt with UK group....

Trade Wind News Published 4y-2mo-1w-5d-18h-43m ago

Tradewindsnews

SNAM invites interest on FSRU for Sardinian project

Mediterranean island set to get a second import terminal....

Trade Wind News Published 4y-2mo-1w-5d-18h-43m ago

Tradewindsnews

Meiji Shipping emerges as buyer of Shell's secondhand LNG carrier duo

Japanese owner expands its move into sector with 11 year old, tri fuel diesel electric ships....

Trade Wind News Published 4y-2mo-1w-5d-19h-46m ago

Tradewindsnews

Total ties up Minerva LNG carrier newbuilding in multi-year deal

Energy company takes another vessel for multi year business....

Trade Wind News Published 4y-2mo-1w-5d-21h-46m ago

Tradewindsnews

Older tankers to reduce speed by up to 35% to meet EEXI rules, Alafouzos says

Okeanis Eco Tankers COO believes other efficiency measures will not cut it....

Trade Wind News Published 4y-2mo-1w-5d-21h-46m ago

Tradewindsnews

Arne Fredly in talks to save Axxis Geo as it files for court protection

Seismic survey player amp 39 s restructuring blocked by new bondholder with seat on the board....

Trade Wind News Published 4y-2mo-1w-5d-21h-49m ago

Tradewindsnews

PIL appoints former MPA man as fleet division general manager

Goh Chung Hun has nearly 30 years experience in the maritime industry....

Trade Wind News Published 4y-2mo-1w-5d-22h-20m ago

Tradewindsnews

Bid deadline extended in $544m battle for Shipping Corp of India

Potential buyers now have until 1 March to lodge an offer for state shipowner....

Trade Wind News Published 4y-2mo-1w-5d-23h-3m ago

Tradewindsnews

Mother and daughter arrested after posing as yard owners to sell vessels

Indian women held after businessman accused them of striking a deal for ships they could not build....

Trade Wind News Published 4y-2mo-1w-5d-23h-12m ago

Tradewindsnews

Small panamax boxship breaks record in sleepy Oslo port

On Watch is TradeWinds amp 39 occasional column taking a sideways glance at shipping news....

Trade Wind News Published 4y-2mo-1w-5d-23h-27m ago

Tradewindsnews

Carbon reset gives boxship owners a chance to reinvent their business

Tonnage providers look at ways to comply with EEXI and put themselves on ‘the right side of history’....

Trade Wind News Published 4y-2mo-1w-5d-23h-28m ago

Tradewindsnews

'The time for cover is over': bullish Okeanis bets on tanker spot market

Ioannis Alafouzos explains why the VLCC and suezmax specialist will look to increase exposure for second half....

Trade Wind News Published 4y-2mo-1w-5d-23h-28m ago

Tradewindsnews

Astoria, the oldest cruiseship afloat, will go under the hammer on Friday

An historic cruiseship is up for auction, but its reserve price may make buyers baulk.....

Trade Wind News Published 4y-2mo-1w-6d-1h-14m ago

Tradewindsnews

US seizure of crude aboard Marinakis VLCC an ‘act of piracy’, says Iran

Foreign ministry spokesman claims cargo belongs to the private sector, but gives no proof....

Trade Wind News Published 4y-2mo-1w-6d-1h-58m ago

Tradewindsnews

Sohmen-Pao sees role for Singapore as maritime decarbonisation hub

BW Group boss says city state needs to remain an attractive place for global actors to convene....

Trade Wind News Published 4y-2mo-1w-6d-5h-58m ago

Tradewindsnews

Sohmen-Pao sees role for Singapore as maritime decarbonsation hub

BW Group boss says city state needs to remain an attractive place for global actors to convene....

Trade Wind News Published 4y-2mo-1w-6d-5h-58m ago

Tradewindsnews

Seaspan 'one of very few' that could have sealed 10-ship LNG-fuelled boxship order

New dual fuel vessels with Zim charter attached will generate annual return of up to 9%, Fearnley Securities says....

Trade Wind News Published 4y-2mo-1w-6d-6h-15m ago

Tradewindsnews

Safe Bulkers unveils new S&P deals to renew fleet

US listed dry bulk company unveils whirlwind of initiatives to inject new blood into its fleet while safeguarding liquidity....

Trade Wind News Published 4y-2mo-1w-6d-9h-10m ago

Tradewindsnews

IMO urges cooperation and best practices after pirate attacks

United Nations regulator speaks up after rise in incidents off West Africa....

Trade Wind News Published 4y-2mo-1w-6d-9h-14m ago

Tradewindsnews

ArcelorMittal bulker detained in Gibraltar fuel spill

Clean up effort in Gibraltar waters still underway....

Trade Wind News Published 4y-2mo-1w-6d-13h-11m ago

Tradewindsnews

ArcelorMittal bulker detained in Gibraltar over fuel spill

Clean up effort in Gibraltar waters still underway....

Trade Wind News Published 4y-2mo-1w-6d-13h-11m ago

Tradewindsnews

Shipowners call for EU targets for low-carbon fuels on bunker suppliers

ECSA argues that setting decarbonisation standards for ships will not work, but that fuel suppliers could be given sub targets to deliver alternatives....

Trade Wind News Published 4y-2mo-1w-6d-14h-50m ago

Tradewindsnews

ITF expresses solidarity with Myanmar affiliate amid rising tension

Global maritime federation backs local union after military crackdown on civil protests....

Trade Wind News Published 4y-2mo-1w-6d-14h-57m ago

Tradewindsnews

Belships sells a second supramax in a month

Second PT Pal built ships offloaded amid fleet renewal drive....

Trade Wind News Published 4y-2mo-1w-6d-15h-40m ago

Tradewindsnews

Ukrainian firm chases Cofco International over infested cargo

Ukrainian bulker operator looks to garnish Chinese company amp 39 s accounts in New York....

Trade Wind News Published 4y-2mo-1w-6d-15h-44m ago

Tradewindsnews

S&P surge bodes well for shipping stocks despite mixed rate picture, analysts say

Clarksons Platou says deals by owners like Euronav, Star Bulk and Global Ship Lease demonstrate confidence and are boosting asset prices....

Trade Wind News Published 4y-2mo-1w-6d-16h-46m ago

Tradewindsnews

VLGCs crash back below break-even as analysts predict worse to come

Arbitrage dries up and Middle East cargoes limited as tonnage builds....

Trade Wind News Published 4y-2mo-1w-6d-16h-47m ago

Tradewindsnews

Evolution not revolution: Ardmore's Gurnee explains why tankers have a future

CEO explains how new fuels will change the face of the product carrier business....

Trade Wind News Published 4y-2mo-1w-6d-16h-47m ago

Tradewindsnews

'Nimble' Ardmore adapts quickly to cut 2020 CO2 emissions by 8%

Chief executive Anthony Gurnee says smaller companies can have the advantage in driving down carbon output....

Trade Wind News Published 4y-2mo-1w-6d-17h-27m ago

Tradewindsnews

Vincent Shipping offloads bulker amid renewal with chartered vessels

Norwegian shipowner sells supramax after boosting fleet with newer ships....

Trade Wind News Published 4y-2mo-1w-6d-17h-40m ago

Tradewindsnews

Uncommitted LNG carrier newbuilding numbers shrinking fast

Shipbroker Fearnleys is optimistic about the sector’s prospects for shipping in the mid term....

Trade Wind News Published 4y-2mo-1w-6d-18h-47m ago

Tradewindsnews

'We will kill you': Mozart crew relive kidnap and hostage ordeal

Turkish seafarers tell domestic media about the psychological impact of fatal attack on Borealis boxship....

Trade Wind News Published 4y-2mo-1w-6d-18h-47m ago

Tradewindsnews

Deliveries slow but world fleet tops 100,000 ships for first time

Clarksons Research figures show 20% of vessels are scrubber fitted and a quarter are classed amp 39 eco amp 39 ....

Trade Wind News Published 4y-2mo-1w-6d-18h-47m ago

Tradewindsnews

Pandemic puts Philippines' crewing industry in crisis as placements collapse

Questions over whether crew supply industry can recover from setback as seafarer costs soar....

Trade Wind News Published 4y-2mo-1w-6d-19h-1m ago

Tradewindsnews

Petronas fires up its second FLNG unit off east Malaysia

A first cargo is expected from the world’s latest floating liquefaction unit by next month....

Trade Wind News Published 4y-2mo-1w-6d-19h-2m ago

Tradewindsnews

Technical Olympic sheds more light on boxship buy drive

Listed Greek construction firm reveals more details of its tie up with private George Youroukos company Technomar Shipping....

Trade Wind News Published 4y-2mo-1w-6d-20h-28m ago

Tradewindsnews

Three bodies recovered after fire on Great Eastern OSV

Seafarers became trapped in offshore vessel following blaze off India....

Trade Wind News Published 4y-2mo-1w-6d-21h-6m ago

Tradewindsnews

Technomar cashes in as Wan Hai snaps up another post-panamax boxship

Taiwanese operator acquires 11th vessel in three months in $270m plus spending spree....

Trade Wind News Published 4y-2mo-1w-6d-21h-49m ago

Tradewindsnews

Augusta Due owner Brullo under house arrest in tanker collision probe

Master and officer also held by coastguard following fatal accident off Italy last year....

Trade Wind News Published 4y-2mo-1w-6d-22h-26m ago

Tradewindsnews

Indian bank chases SK Sarawagi over ship mortgage in Hong Kong

Mining group seeks to distance itself from vessel that it celebrated in 2010....

Trade Wind News Published 4y-2mo-1w-6d-23h-25m ago

Tradewindsnews

Jo Odfjell pleased with investment in boxship player Thor Dahl

Chairman says there are no plans to integrate the fleets of the two companies....

Trade Wind News Published 4y-2mo-1w-6d-23h-29m ago

Tradewindsnews

Benelux Overseas books LPG carriers in $140m order at Hyundai Mipo

Kostas Angelou led shipowner books an order for up to three midsize vessels at South Korean shipyard....

Trade Wind News Published 4y-2mo-1w-6d-23h-29m ago

Tradewindsnews

Japan earthquake shuts Fukushima’s Soma LNG import terminal

Incident comes just one month before the 10th anniversary of the 2011 earthquake and tsunami....

Trade Wind News Published 4y-2mo-1w-6d-23h-51m ago

Tradewindsnews

Indonesian authorities find three dead bodies following tanker blast

Police still uncertain whether the deceased died in last Thursday’s explosion or in an unrelated drowning incident....

Trade Wind News Published 4y-2mo-2w-9m ago

Tradewindsnews

Yangzijiang set for $2.5bn to $3bn order haul in 2021, say analysts

Singapore listed shipbuilder has already met 65% of its annual order target after only two months....

Trade Wind News Published 4y-2mo-2w-2h-26m ago

Tradewindsnews

Yangzijiang set for $2.5bn-$3bn order haul in 2021, say analysts

Singapore listed shipbuilder has already met 65% of its annual order target after only two months....

Trade Wind News Published 4y-2mo-2w-2h-26m ago

Tradewindsnews

Lauritzen Bulkers expands Asian footprint with new Hong Kong office

Danish owner says move is part of strategy to increase client base among Chinese principals....

Trade Wind News Published 4y-2mo-2w-4h-54m ago

Tradewindsnews

Behind Zim's 'busted' IPO and stirring comeback to record high

Researcher offers thoughts on why Israeli owner amp 39 s public offering ran aground, but has since been refloated....

Trade Wind News Published 4y-2mo-2w-2d-8h-22m ago

Tradewindsnews

CMA CGM launches Flamingo Express at Port Everglades

French liner giant amp 39 s profits for the third quarter soared in November....

Trade Wind News Published 4y-2mo-2w-2d-9h-28m ago

Tradewindsnews

Seanergy Maritime regains Nasdaq compliance

Owner amp 39 s shares jumped almost 30% by mid day on Friday....

Trade Wind News Published 4y-2mo-2w-2d-11h-51m ago

Tradewindsnews

US legislators push to spend already-collected billions for port upgrades

Each year, a tax on imported goods brings in $1.6bn....

Trade Wind News Published 4y-2mo-2w-2d-12h-3m ago

Tradewindsnews

Globus Maritime offers to sell another $30m in equity

The owner of six bulkers has made two other offers since the beginning of this year....

Trade Wind News Published 4y-2mo-2w-2d-12h-41m ago

Tradewindsnews

China accepts banned Australian coal out of 'goodwill' to stranded seafarers

Data shows huge coal importing nation has allowed some vessels to unload, despite official ban still in place....

Trade Wind News Published 4y-2mo-2w-2d-13h-59m ago

Tradewindsnews

New work sees Philly Shipyard ramp up recruiting efforts

Yard posts improved results as it starts work on training vessels and explores offshore wind....

Trade Wind News Published 4y-2mo-2w-2d-14h-59m ago

Tradewindsnews

Affinity (Shipping) partner Andrew Finn steps down

Brokerage managing partner Richard Fulford Smith said the company is changing....

Trade Wind News Published 4y-2mo-2w-2d-15h-35m ago

Tradewindsnews

Pirates release 15 seafarers seized in Borealis boxship fatal attack

All officers and seafarers from Mozart safe after 20 day ordeal in West Africa....

Trade Wind News Published 4y-2mo-2w-2d-15h-47m ago

Tradewindsnews

Mothership abandoned by pirates as 10 crew kidnapped

Nigerian gunmen flee hijacked tuna boat in Gulf of Guinea, but seafarers taken into captivity....

Trade Wind News Published 4y-2mo-2w-2d-16h-4m ago

Tradewindsnews

Zim charters 10 new LNG-fuelled boxships as Seaspan order spree goes on

Israeli line taking dual fuel 15,000 teu units from 2023 to meet growing demand....

Trade Wind News Published 4y-2mo-2w-2d-16h-13m ago

Tradewindsnews

Eneos, Maran and Hellenic offload oldest VLCCs to China buyers

Trio of vessels built between 2001 and 2003 find Far East trading buyers....

Trade Wind News Published 4y-2mo-2w-2d-16h-37m ago

Tradewindsnews

Eneos, Maran and Hellenic Tankers offload oldest VLCCs to China buyers

Trio of vessels built between 2001 and 2003 find Far East trading buyers....

Trade Wind News Published 4y-2mo-2w-2d-16h-37m ago

Tradewindsnews

Union tug of war over fears about Panama Canal’s ‘floating hazards’

Captains say crews’ lives are at risk over use of vessels in neo panamax locks....

Trade Wind News Published 4y-2mo-2w-2d-16h-45m ago

Tradewindsnews

Container freight market shrugs off effect of Chinese holidays

Maersk amp 39 s Soren Skou hails amp 39 extraordinary amp 39 efforts of Chinese workers at what should be their quietest time of the year....

Trade Wind News Published 4y-2mo-2w-2d-16h-45m ago

Tradewindsnews

China's surging hunger for corn looks here to stay

The country could become a structural importer of the grain for the foreseeable future....

Trade Wind News Published 4y-2mo-2w-2d-18h-41m ago

Tradewindsnews

Scorpio expects ExxonMobil closure to boost tonne-miles for product tankers

Tanker operator estimates another 23 MRs will be needed per year following BP and ExxonMobil refinery shutdowns....

Trade Wind News Published 4y-2mo-2w-2d-18h-58m ago

Tradewindsnews

NYK Line orders LNG-fuelled PCTC quartet in China

Environmentally conscious Japanese owner plans more investments in low emission ships....

Trade Wind News Published 4y-2mo-2w-2d-19h-39m ago

Tradewindsnews

Spetalen's Standard Drilling finds buyer for PSV pair

Sale price seen as below valuations....

Trade Wind News Published 4y-2mo-2w-2d-19h-50m ago

Tradewindsnews

Namura pulls Sasebo out of commercial shipbuilding

250 workers set to be laid off in another blow for Japan’s troubled shipbuilding industry....

Trade Wind News Published 4y-2mo-2w-2d-20h-16m ago

Tradewindsnews

Huge Indonesian tanker blast captured in phone footage

Vessel burns after being hit by explosion at shipyard in Samarinda....

Trade Wind News Published 4y-2mo-2w-2d-20h-33m ago

Tradewindsnews

OceanPact eyes OSV expansion as it seals $227m Rio IPO

Brazilian owner has money to spend on fleet renewal after listing comes in at the bottom of its price range....

Trade Wind News Published 4y-2mo-2w-2d-21h-54m ago

Tradewindsnews

Okeanis says OPEC output hikes will create demand for 64 VLCCs this year

Greek owner focusing on Atlantic basin after older tankers lower Middle East rates....

Trade Wind News Published 4y-2mo-2w-2d-22h-34m ago

Tradewindsnews

Odfjell holding off on newbuildings for at least two years

CEO Kristian Morch says uncertainty over zero emissions technology means it has no short term plans to renew the fleet....

Trade Wind News Published 4y-2mo-2w-2d-23h-25m ago

Tradewindsnews

Qatar becomes latest country to launch cruises to nowhere

Tiny Middle East nation has tied up with French luxury expedition cruise line Ponant for series of sailings....

Trade Wind News Published 4y-2mo-2w-3d-19m ago

Tradewindsnews

Canada Steamship Lines starts work on salt carrying bulker in China

State of the art self unloader will be deployed in the Gulf of St Lawrence and Great Lakes region....

Trade Wind News Published 4y-2mo-2w-3d-4h-29m ago

Tradewindsnews

New York investment firm discloses $14m Capital Product stake

The New York listed boxship owner bought three vessels from sponsor Capital Maritime last month....

Trade Wind News Published 4y-2mo-2w-3d-10h-11m ago

Tradewindsnews

Big future for hydrogen in shipping due to lower infrastructure costs, Shell's Henderson says

Shipping industry can build supply networks for zero emission fuel with other sectors....

Trade Wind News Published 4y-2mo-2w-3d-12h ago

Tradewindsnews

Shell targets 20% stake in growing LNG bunkering sector by 2030

Major sees emerging sector expanding to between 30 to 50 million tonnes per annum by 2040....

Trade Wind News Published 4y-2mo-2w-3d-13h-14m ago

Tradewindsnews

Eneti confirms sale of five former Scorpio bulkers for $88m

Emerging player in the wind energy market now has taken its dry fleet down to seven....

Trade Wind News Published 4y-2mo-2w-3d-14h-10m ago

Tradewindsnews

Eagle Bulk swoops for three Alterna Capital supramaxes in cash-shares deal

Connecticcut owner strikes second stock based deal and first purchase of supramaxes in five years....

Trade Wind News Published 4y-2mo-2w-3d-15h-25m ago

Tradewindsnews

Odfjell refinancing could cut break-even by $4,500 per day

CFO Terje Iversen reveals owner working on reducing debt through new deals for four tankers....

Trade Wind News Published 4y-2mo-2w-3d-15h-35m ago

Tradewindsnews

Frontline suezmax due to dock as strike ends at Libya's Hariga

Front Cruiser scheduled for Friday berthing after terminal guards get their back pay....

Trade Wind News Published 4y-2mo-2w-3d-16h-12m ago

Tradewindsnews

VLCCs slowing down to add $2,000 per day to spot earnings

Clarksons Platou Securities has tracked a reduction in speed for big tankers heading back from Asia to the Middle East....

Trade Wind News Published 4y-2mo-2w-3d-16h-43m ago

Tradewindsnews

Kongsberg teams with Nautilus to bridge AI vessel performance gap

Partnership over machine learning from voyage data set in motion by Hunter Group seeking to access and optimise VLCC performance data....

Trade Wind News Published 4y-2mo-2w-3d-16h-43m ago

Tradewindsnews

IMS enters aframax segment with purchase of Teekay Tankers duo

Brokers say Greek shipowner purchased 2008 built vessels from New York listed tanker giant....

Trade Wind News Published 4y-2mo-2w-3d-16h-53m ago

Tradewindsnews

Five seafarers jailed after MSC Opera cruiseship crash in Venice

Captain and four others to serve up to five months in prison after plea bargain in 2019 collision case....

Trade Wind News Published 4y-2mo-2w-3d-18h-2m ago

Tradewindsnews

Seafarers avoid jail as MSC continues to probe Venice cruiseship crash

Captain and four others commute sentences to fines after plea bargain in 2019 collision case....

Trade Wind News Published 4y-2mo-2w-3d-18h-2m ago

Tradewindsnews

Soren Skou confirms Maersk will ‘leapfrog’ transition fuels in quest for net zero

Liner giant leans towards ammonia and methanol as future fuels....

Trade Wind News Published 4y-2mo-2w-3d-18h-6m ago

Tradewindsnews

SpareBank 1 shipping book stable at $1.4bn but loan limits introduced in pandemic

Norwegian lender reveals spike in annual impairments, but fourth quarter was stronger....

Trade Wind News Published 4y-2mo-2w-3d-18h-15m ago

Tradewindsnews

Tanker owners eye new refining landscape in wake of pandemic

Refinery closures to boost tonne mile demand, sparking optimism for product tankers over crude....

Trade Wind News Published 4y-2mo-2w-3d-18h-47m ago

Tradewindsnews

Logistics group Geodis eyes further charters to secure container capacity

French company makes first move to control own container tonnage by hiring heavylift vessel amid a scarcity of space on regular services....

Trade Wind News Published 4y-2mo-2w-3d-18h-47m ago

Tradewindsnews

Norden celebrates 150th birthday by kick-starting staff wellness initiative

amp 39 Curiosity amp 39 is the secret to Danish firm amp 39 s success and longevity, according to its chairman....

Trade Wind News Published 4y-2mo-2w-3d-18h-52m ago

Tradewindsnews

Mitsui E&S opens talks to hand over Chiba yard to Onomichi

Compatriot shipbuilder wants to use the facility for a transportation and energy project it is running with Mitsubishi Corp and others....

Trade Wind News Published 4y-2mo-2w-3d-20h-20m ago

Tradewindsnews

Bimco to simplify security vessel chartering as pirate threat rises

Organisation to work with owners, protection and indemnity clubs and lawyers to standardise terms for hiring protection in the Gulf of Guinea....

Trade Wind News Published 4y-2mo-2w-3d-20h-50m ago

Tradewindsnews

Odfjell chemical carriers riding high despite clean tanker competition

Chemical tankers deliver best earnings since 2016, but product vessels fleeing weak markets prove a threat....

Trade Wind News Published 4y-2mo-2w-3d-21h-40m ago

Tradewindsnews

Shipping can use these threats to create an industry fit for the future

Covid 19 and the need to decarbonise are driving shipping to take small steps on its digital journey....

Trade Wind News Published 4y-2mo-2w-3d-21h-47m ago

Tradewindsnews

SFL faces $187m hit from Seadrill's Chapter 11 protection filing

John Fredriksen backed drillship group aiming to secure long term financial viability once more....

Trade Wind News Published 4y-2mo-2w-3d-23h-6m ago

Tradewindsnews

MSC behind Seaspan and CDB Leasing mega-boxship orders

Swiss liner player has chartered 10 ultra large containerships from three separate companies....

Trade Wind News Published 4y-2mo-2w-3d-23h-24m ago

Tradewindsnews

Eastern Pacific sees 10% more consumption but big emissions cut from biofuel trial

Chief executive Cyril Ducau says test of greener bunkers on MR tanker was a success....

Trade Wind News Published 4y-2mo-2w-3d-23h-25m ago

Tradewindsnews

BW Offshore eyes investment in offshore wind solutions provider

Singapore floater company plans to unveil more details about its ambitions in this sector next week....

Trade Wind News Published 4y-2mo-2w-4d-1h-44m ago

Tradewindsnews

Sumitomo and Petronas collaborate on expanding Asian LNG bunker reach

Agreement sees both companies leverage off each other’s LNG assets to boost capabilities across the region....

Trade Wind News Published 4y-2mo-2w-4d-2h-19m ago

Tradewindsnews

Asia sees rise in piracy incidents after quiet December

ReCAAP says it remains concerned about continued occurrence of incidents in Singapore Strait....

Trade Wind News Published 4y-2mo-2w-4d-5h-36m ago

Tradewindsnews

Asia sees uptick in piracy incidents after quiet December

ReCAAP says it remains concerned about continued occurrence of incidents in Singapore Strait....

Trade Wind News Published 4y-2mo-2w-4d-5h-36m ago

Tradewindsnews

Seafarers on abandoned bulker left with nowhere to turn

Hunger striking seafarers abandoned by owner and flag are torn between fighting for repatriation or sticking up for their unpaid earnings....

Trade Wind News Published 4y-2mo-2w-4d-6h-13m ago

Tradewindsnews

Crew on suicide tanker had gone two months unpaid

Seafarer organisations say crew on a Prime Tankers vessel was legally amp 39 abandoned amp 39 at the time a seafarer hanged himself and the ship may be flagless....

Trade Wind News Published 4y-2mo-2w-4d-6h-14m ago

Tradewindsnews

Marinakis’ boxship newbuild and S&P spree tops $1bn

Capital Maritime amp Trading orders fresh ships in South Korea and snaps up six secondhand panamaxes....

Trade Wind News Published 4y-2mo-2w-4d-8h-15m ago

Tradewindsnews

Carnival offers $3.5bn in notes to make principal debt payments

New York listed owner is also looking at a $600m junk bond issue....

Trade Wind News Published 4y-2mo-2w-4d-8h-25m ago

Tradewindsnews

Eneti readies sales of five more bulkers from legacy Scorpio fleet

En bloc deal will take dry fleet down to single digits remaining in shift to wind market....

Trade Wind News Published 4y-2mo-2w-4d-8h-41m ago

Tradewindsnews

Capesize bulker futures rise amid 'extraordinary' panamax rally

Capesize amp 39 s physical market, however, continues falling amid seasonality....

Trade Wind News Published 4y-2mo-2w-4d-9h-12m ago

Tradewindsnews

US readying sanctions against Myanmar after military takeover

It is unclear what or who the sanctions might target and how much of an impact they will have on shipping....

Trade Wind News Published 4y-2mo-2w-4d-9h-20m ago

Tradewindsnews

Hijacked fishing vessel still in use by pirates, reports suggest

Rogue ship has been used in multiple attacks this week....

Trade Wind News Published 4y-2mo-2w-4d-11h-47m ago

Tradewindsnews

Rate rethink needed as economic lifespan of LNG carriers shrinks, Poten says

Industry veteran Michael Tusiani calls out amp 39 silliness amp 39 of those trying rush energy transition and bypass hydrocarbons....

Trade Wind News Published 4y-2mo-2w-4d-11h-48m ago

Tradewindsnews

Hermes Marine sues Affinity as failed VLCC sale pits old friends against each other

Ghassan Ghandour’s Hermes Marine accuses Richard Fulford Smith’s Affinity of ‘failing to act loyally’....

Trade Wind News Published 4y-2mo-2w-4d-14h-34m ago

Tradewindsnews

LNG carrier rate slide looks set to deepen on seasonal slowdown

European cold snap unlikely to be sufficient to turn market around, brokers say....

Trade Wind News Published 4y-2mo-2w-4d-16h-14m ago

Tradewindsnews

Ardmore Shipping says product tanker demand to grow for rest of decade

New York listed owner comes through amp 39 most extreme amp 39 year with small adjusted profit....

Trade Wind News Published 4y-2mo-2w-4d-16h-24m ago

Tradewindsnews

Alpha Bulkers strikes again in legal fight over coal ban delay

Affiliate Link Investment files its second lawsuit to seize a Chinese owned bulker....

Trade Wind News Published 4y-2mo-2w-4d-16h-45m ago

Tradewindsnews

Global Ship Lease follows 'golden rule' of S&P with seven-vessel swoop

Clarksons Platou Securities says buying old vessels in strong markets is a guaranteed money spinner....

Trade Wind News Published 4y-2mo-2w-4d-16h-45m ago

Tradewindsnews

US Navy Blue Angel jet hitches a ride with Pasha Hawaii

TradeWinds’ column taking a sideways look at shipping....

Trade Wind News Published 4y-2mo-2w-4d-16h-46m ago

Tradewindsnews

Maersk posts ‘disappointing’ earnings forecast for 2021, despite record quarter

Shipping giant amp 39 s earnings this year could be $1.5bn beneath consensus as liner markets return to normal....

Trade Wind News Published 4y-2mo-2w-4d-17h-14m ago

Tradewindsnews

ICE teams with Spark Commodities on new LNG futures contracts

Exchange amp 39 s choice surprises market and provides an alternative to CME and Baltic’s offering....

Trade Wind News Published 4y-2mo-2w-4d-17h-28m ago

Tradewindsnews

Wallenius Wilhelmsen profit of $150m not enough for analysts

Fearnley Securities calls fourth quarter disappointing, but shipowner sees mid term improvements in supply demand balance....

Trade Wind News Published 4y-2mo-2w-4d-18h-12m ago

Tradewindsnews

ExxonMobil’s Altona refinery closure bodes well for product but ill for crude tankers

Australia expected to import more fuel on MR tankers and less crude on aframaxes and suezmaxes....

Trade Wind News Published 4y-2mo-2w-4d-18h-25m ago

Tradewindsnews

Cyprus proposes new twin-track global plan to vaccinate crews

Approach suggested to IMO focuses on jabs for seafarers ashore while ensuring amp 39 bubbles amp 39 at sea....

Trade Wind News Published 4y-2mo-2w-4d-18h-28m ago

Tradewindsnews

Niovis reveals ultramax newbuilding orders at Nantong Cosco KHI

The circle of Greek companies that inked deals last year for new bulk carriers widens....

Trade Wind News Published 4y-2mo-2w-4d-18h-39m ago

Tradewindsnews

Clearlake leads surprise chartering spree for period MR tonnage

Gunvor’s shipping arm takes five young ships with low fuel consumption amid rising bunker prices....

Trade Wind News Published 4y-2mo-2w-4d-18h-40m ago

Tradewindsnews

Duo emerges as capesize bulker sellers after weeks with Greeks in buying mode

As capesize freight rates retreat, Greek S amp P dealmaking switches to selling....

Trade Wind News Published 4y-2mo-2w-4d-19h-57m ago

Tradewindsnews

Transocean sells panamax at higher price than sistership as values rise

Sale comes after shipowner purchased kamsarmax last month and sold a sold a similar panamax in November....

Trade Wind News Published 4y-2mo-2w-4d-20h-5m ago

Tradewindsnews

Greek tanker crew safe in citadel as mothership pulls away

Seafarers on board Maria E waiting to exit safe room after pirate boarding in Gulf of Guinea....

Trade Wind News Published 4y-2mo-2w-4d-20h-16m ago

Tradewindsnews

Vulcanus Technical scores sizeable profit on supramax sale

Bulker changes hands for $5.3m after it was purchased for just $3.4m....

Trade Wind News Published 4y-2mo-2w-4d-20h-59m ago

Tradewindsnews

Hearing delayed in crew abandonment case over Xihe Group ship arrest

Planned hearing put off for a few days as insurer Gard seeks court approval to get crew home....

Trade Wind News Published 4y-2mo-2w-4d-21h-37m ago

Tradewindsnews

Stowaways 'try to take control' of bulker off south coast of England, arrested by police

Captain heard to be distressed when requesting help from UK authorities, telling them his crew were being harmed....

Trade Wind News Published 4y-2mo-2w-4d-21h-51m ago

Tradewindsnews

AP Moller-Maersk to accelerate decarbonisation efforts with alternative fuels

Regulatory director says ‘watch this space’ as Danish giant switches its environmental focus to alternative fuels....

Trade Wind News Published 4y-2mo-2w-4d-21h-56m ago

Tradewindsnews

DNB sheds $2bn of shipping and offshore loans as impairments spike

But Norwegian lender has built up capital during pandemic to put itself in stronger position....

Trade Wind News Published 4y-2mo-2w-4d-22h-31m ago

Tradewindsnews

Brave Maritime buys throw spotlight on Greek hunger for handysizes

Country’s owners have been quick to jump on smaller bulkers amid rising freight rates and low orderbooks....

Trade Wind News Published 4y-2mo-2w-4d-23h-28m ago

Tradewindsnews

We need to expand just-in-time arrivals beyond containerships

The time has come for the dry and liquid bulk sectors to align themselves to the concept’s environmental and economic benefits already embraced by the box sector....

Trade Wind News Published 4y-2mo-2w-4d-23h-29m ago

Tradewindsnews

Carnival Corp linked to fifth Covid-19 bond sale

Cruise giant continues to take advantage of wide open credit markets to borrow its way through pandemic....

Trade Wind News Published 4y-2mo-2w-5d-1h-54m ago

Tradewindsnews

China's Cosco takes 20% stake in Saudi container terminal

Chinese giant invests in largest terminal in Red Sea alongside Saudi sovereign wealth fund....

Trade Wind News Published 4y-2mo-2w-5d-3h-23m ago

Tradewindsnews

Boxship rebound propels HMM to best-ever profit

South Korean owner posts operating profit of $831m as it takes delivery of containership giants....

Trade Wind News Published 4y-2mo-2w-5d-5h-21m ago

Tradewindsnews

Hyundai Heavy Industries on the scent of LNG carriers for Project Rose

Latest mystery enquiry for newbuildings emerges, but who is backing it ....

Trade Wind News Published 4y-2mo-2w-5d-5h-22m ago

Tradewindsnews

US to sell Iranian oil on board Marinakis-linked VLCC

Capital Ship Management said it immediately stopped loading the oil when they found out it was Iranian....

Trade Wind News Published 4y-2mo-2w-5d-7h-45m ago

Tradewindsnews

Embiricos cashes in on rising boxship values with profitable sale

Greek owner to make $14m profit on sale of 18 year old vessel acquired a year earlier....

Trade Wind News Published 4y-2mo-2w-5d-8h-46m ago

Tradewindsnews

Panamax bulkers outshine capesizes in 'unusual' spot market

Capesize rates have fallen amid seasonality and weather related disruptions in Brazil and China, Alibra Shipping amp 39 s Rebecca Jones said....

Trade Wind News Published 4y-2mo-2w-5d-9h-24m ago

Tradewindsnews

US flag groups tell Congress how it can support industry

The federal government can start by giving US mariners access to the Covid 19 vaccine, industry figures said....

Trade Wind News Published 4y-2mo-2w-5d-10h-18m ago

Tradewindsnews

Navios Maritime and Diana Shipping log massive gains in New York

Two dry bulk owners outshine their peers on a strong day overall for the sector....

Trade Wind News Published 4y-2mo-2w-5d-10h-22m ago

Tradewindsnews

Navios Maritime, Diana Shipping log massive gains in New York

Two owners outshine their dry bulk peers on a strong overall day for the sector....

Trade Wind News Published 4y-2mo-2w-5d-10h-22m ago

Tradewindsnews

DHT set for potential tanker market recovery amid mass vaccination

Company executives see opportunities rather than threats from expiry of high rate time charters....

Trade Wind News Published 4y-2mo-2w-5d-11h-9m ago

Tradewindsnews

Diana Shipping fixes panamax bulker on medium-term charter at higher rate

Rising spot market and forward curve helped Greek shipowner lock in higher period rate....

Trade Wind News Published 4y-2mo-2w-5d-14h-17m ago

Tradewindsnews

Qatar’s huge LNG newbuilding plans inch closer on project sanction

But shipbuilders are not holding their breath for order avalanche in 2021....

Trade Wind News Published 4y-2mo-2w-5d-15h-12m ago

Tradewindsnews

Global Ship Lease buys seven boxships in $116m leaseback deal

The transaction is expected to boost annual profit by 40%....

Trade Wind News Published 4y-2mo-2w-5d-15h-21m ago

Tradewindsnews

Man dies at EU-approved Turkish yard dismantling Carnival cruiseship

Ship breaker won safety and environmental approval under Ship Recycling Regulation just months ago....

Trade Wind News Published 4y-2mo-2w-5d-17h-15m ago

Tradewindsnews

Shipbroker Gibson opens new office in India

Mumbai arm will be headed up by broker Pari Prakash, who joined the firm last year....

Trade Wind News Published 4y-2mo-2w-5d-17h-57m ago

Tradewindsnews

Seadrill's Asian units file for Chapter 11 protection in US

John Fredriksen backed company amp 39 s subsidiaries follow Seadrill Partners in seeking refuge from banks....

Trade Wind News Published 4y-2mo-2w-5d-18h-38m ago

Tradewindsnews

ANEK top brass convicted over fatal Norman Atlantic disaster

Greek ferry company’s leadership held responsible for 2014 ferry fire but come off lightly....

Trade Wind News Published 4y-2mo-2w-5d-18h-47m ago

Tradewindsnews

Secondhand tonnage drought fuels thirst for MPP newbuilds

One of sector’s big guns is building a portfolio of new ships in expectation of market recovery....

Trade Wind News Published 4y-2mo-2w-5d-18h-47m ago

Tradewindsnews

Ostensjo achieves 100% utilisation with DeepOcean and Fugro charters

Norwegian owner wins deals for trio of multipurpose and subsea support vessels....

Trade Wind News Published 4y-2mo-2w-5d-18h-53m ago

Tradewindsnews

Up to 10 years: Eni hits market with major Mozambique offshore vessel charter enquiry

Italian major needs two platform supply vessels for as long as ten years and another vessel for 16 months....

Trade Wind News Published 4y-2mo-2w-5d-19h-1m ago

Tradewindsnews

Shots fired at LNG carrier and tanker boarded as hijacked tuna boat becomes mothership

Gulf of Guinea gunmen said to now be operating from a Chinese fishing vessel seized on Sunday....

Trade Wind News Published 4y-2mo-2w-5d-19h-34m ago

Tradewindsnews

Frontline and Delta Tankers suezmaxes pull loadings in strike-hit Libya

Front Cruiser reportedly leaves Hariga without a cargo while Delta Eurydice swerves a call as terminal guards amp 39 disruption continues....

Trade Wind News Published 4y-2mo-2w-5d-19h-44m ago

Tradewindsnews

Hoegh LNG ties up trading vessel charters on three of its FSRUs

Company locks in complete 2021 coverage for all but one of its ships....

Trade Wind News Published 4y-2mo-2w-5d-20h-1m ago

Tradewindsnews

Bulker-tracking platform Oceanbolt takes inspiration from world's fastest man

Founders of Norwegian tech outfit aim to stand out with amp 39 lightning fast amp 39 data....

Trade Wind News Published 4y-2mo-2w-5d-21h-47m ago

Tradewindsnews

Polarcus brings in 'soft touch' liquidators to work on debt restructuring

Dubai owner seeks refinancing after banks seize six of seven seismic survey vessels....

Trade Wind News Published 4y-2mo-2w-5d-22h-27m ago

Tradewindsnews

Three injured as Japanese submarine and cargo vessel collide

Japanese sources name Chinese bulker as being involved in clash, but crew unaware of incident....

Trade Wind News Published 4y-2mo-2w-5d-22h-37m ago

Tradewindsnews

John Fredriksen's Golden Ocean linked to sale of panamax bulker trio

A three ship sale of veteran seen as part of Golden Ocean amp 39 s fleet renewal....

Trade Wind News Published 4y-2mo-2w-5d-22h-48m ago

Tradewindsnews

The fatal price of failing to comply with pilot ladder rules

‘We normally lose a couple of members a year through ladder accidents’....

Trade Wind News Published 4y-2mo-2w-5d-23h-29m ago

Tradewindsnews

The passion for safety that drives one of shipping’s youngest CEOs

Entrepreneur Madelaine Dowd, 25, looks to launch a pilot ladder system with her award winning design....

Trade Wind News Published 4y-2mo-2w-5d-23h-29m ago

Tradewindsnews

Libyan rebels seize cargoship a day after interim government agreed at peace talks

The Asso 6 is believed to have sailed into the Libyan National Army amp 39 s no sail zone....

Trade Wind News Published 4y-2mo-2w-5d-23h-29m ago

Tradewindsnews

Yangzijiang bags orders for 29 newbuildings worth $1.3bn

Containerships make up the bulk of the orders....

Trade Wind News Published 4y-2mo-2w-6d-2h-11m ago

Tradewindsnews

Singapore beefs up maritime security in face of growing threats against shipping

City state has launched a new naval unit to enable a more calibrated response to such incidents....

Trade Wind News Published 4y-2mo-2w-6d-5h-53m ago

Tradewindsnews

Rival projects thrash it out for New Caledonia LNG import plan

Shipowners line up to supply floating storage and regasification unit as bidding closes for first planned small scale scheme....

Trade Wind News Published 4y-2mo-2w-6d-6h-18m ago

Tradewindsnews

China holding firm on Australian coal ban, according to data

Breakwave Advisors amp 39 John Kartsonas said Beijing can source the plentiful commodity from other countries....

Trade Wind News Published 4y-2mo-2w-6d-7h-14m ago

Tradewindsnews

BTIG starts covering Eagle Bulk, Diana Shipping with buy ratings

Analyst Greg Lewis is amp 39 constructive amp 39 on bulker rates through 2022....

Trade Wind News Published 4y-2mo-2w-6d-7h-20m ago

Tradewindsnews

DHT Holdings ekes out quarterly profit but misses analyst expectations

VLCC pure play reveals $34,700 rate with 77% of bookings done for current quarter, including charter coverage....

Trade Wind News Published 4y-2mo-2w-6d-8h-26m ago

Tradewindsnews

DHT Holdings ekes out Q4 profit but misses analyst expectations

VLCC pure play reveals $34,700 rate with 77% of bookings done for current quarter, including charter coverage....

Trade Wind News Published 4y-2mo-2w-6d-8h-26m ago

Tradewindsnews

European shipowners hail EU military plan as a good start

Statement comes the day after a fishing vessel was reportedly hijacked and is believed to be being used in further attacks....

Trade Wind News Published 4y-2mo-2w-6d-9h-24m ago

Tradewindsnews

European shipowners group hails EU military plan a good start

The statement comes the day after a fishing vessel was reportedly hijacked and believed being used in further attacks....

Trade Wind News Published 4y-2mo-2w-6d-9h-24m ago

Tradewindsnews

Pangaea Logistics adds 18th owned bulker with secondhand buy

Fleet renewal continues with purchase of Japanese unit....

Trade Wind News Published 4y-2mo-2w-6d-9h-50m ago

Tradewindsnews

Pangaea Logistics tipped to add 18th owned bulker in secondhand buy

Fleet renewal continues as Ed Coll led owner said to have purchased Japanese unit....

Trade Wind News Published 4y-2mo-2w-6d-9h-50m ago

Tradewindsnews

Farrar exits American P&I to become ship manager's legal chief

She will lead legal affairs for Patriot Contract Services, an American P amp I Club client....

Trade Wind News Published 4y-2mo-2w-6d-10h-39m ago

Tradewindsnews

Philly Shipyard inks US government repair deal

The shipyard continues to secure US government work....

Trade Wind News Published 4y-2mo-2w-6d-11h-34m ago

Tradewindsnews

Castor runs rampant and Zim surges as analyst details investors' short game

Cyrprus based bulker owner and Israeli liner operator are quite different, but both shares on a run in New York....

Trade Wind News Published 4y-2mo-2w-6d-11h-36m ago

Tradewindsnews

Castor runs rampant, Zim surges as analyst details investors' short game

Cyrprus based bulker owner, Israeli liner operator are quite different, but both shares on a run in New York....

Trade Wind News Published 4y-2mo-2w-6d-11h-36m ago

Tradewindsnews

Tanker owners in dirty, clean trades look to firm shipping stocks' momentum

Every US listing made money last week as sector crushed broader market, and now DHT Holdings steps to the plate....

Trade Wind News Published 4y-2mo-2w-6d-14h-41m ago

Tradewindsnews

Hapag-Lloyd seals $890m green financing for new megaships

German container line arranges first loans complying with Loan Market Association amp 39 s rules on emissions reduction....

Trade Wind News Published 4y-2mo-2w-6d-14h-44m ago

Tradewindsnews

Seaspan launches into the big-league with order of megamax double

Leading boxship owner makes first move into ultra large segment with order of two 24,000 teu ships....

Trade Wind News Published 4y-2mo-2w-6d-14h-47m ago

Tradewindsnews

Torvald Klaveness poised to trim boxship fleet with sales into strong market

But chief executive says Norwegian outfit is not exiting the box sector....

Trade Wind News Published 4y-2mo-2w-6d-15h-14m ago

Tradewindsnews

DG Risk steps up anti-piracy fight with takeover of security firm PVI

UK security groups combine operations to grow in key area of Gulf of Guinea....

Trade Wind News Published 4y-2mo-2w-6d-15h-22m ago

Tradewindsnews

Broker Galbraiths predicts EEXI will 'squeeze' bulker and tanker supply

Report says power limitation to meet upcoming environmental standards is set to impact supply capacity....

Trade Wind News Published 4y-2mo-2w-6d-15h-25m ago

Tradewindsnews

Altera faces fuel dilemma as it eyes Brazilian shuttle tanker growth

Chief executive Ingvild Saether says next generation of vessels will have to wait for LNG fuelling capability in South America....

Trade Wind News Published 4y-2mo-2w-6d-16h-43m ago

Tradewindsnews

US Gulf remains 'inefficient' for VLCCs as export projects dwindle

Suezmaxes and aframaxes will continue to capitalise as new terminals are cancelled or delayed....

Trade Wind News Published 4y-2mo-2w-6d-16h-45m ago

Tradewindsnews

Crowley Maritime caught in Cuba trade lawsuit

Crowley ships called dozens of times at a Cuban port built on confiscated land, a lawsuit alleges....

Trade Wind News Published 4y-2mo-2w-6d-16h-45m ago

Tradewindsnews

China bans crew changes on Omicron and Dia Yuan fleets after outbreaks

Ministry of Transport bars seafarer swaps for a month after Covid cases confirmed on bulkers....

Trade Wind News Published 4y-2mo-2w-6d-17h ago

Tradewindsnews

Peninsula plans to build and own LNG bunker vessels

Marine fuelling company claims amp 39 landmark amp 39 first operation off Malaysia....

Trade Wind News Published 4y-2mo-2w-6d-17h-3m ago

Tradewindsnews

Tanker tonne-miles collapsed on routes to Japan and the West in 2020, says Poten

But negative impact partially offset by record high Chinese crude imports....

Trade Wind News Published 4y-2mo-2w-6d-18h-38m ago

Tradewindsnews

Charterama sticks to its guns in battle for charterers’ business

Competition heats up as marine insurance providers try to diversify their portfolios....

Trade Wind News Published 4y-2mo-2w-6d-18h-46m ago

Tradewindsnews

Behind the Star-Scorpio deal: sometimes it is about who you know

Relationships with a Chinese leasing company made all the difference in striking a deal....

Trade Wind News Published 4y-2mo-2w-6d-18h-47m ago

Tradewindsnews

Nakilat expects a volatile LNG shipping market for 2021

Qatari shipping giant unveils highest annual profits in its history....

Trade Wind News Published 4y-2mo-2w-6d-18h-47m ago

Tradewindsnews

Celsius Shipping scores second profitable bulker sale in as many weeks

Danish shipowner sells ultramax to European buyer as prices rise....

Trade Wind News Published 4y-2mo-2w-6d-19h-15m ago

Tradewindsnews

Windship and DNV unveil 'first true zero-emissions' design

UK company claims wind powered system is the amp 39 Tesla of the seas amp 39 ....

Trade Wind News Published 4y-2mo-2w-6d-19h-45m ago

Tradewindsnews

Wessels Marine lines up four-ship LNG bunker vessel order

Christian Hoepfner explains the concept and reasoning behind a new multi fuel unit....

Trade Wind News Published 4y-2mo-2w-6d-21h-45m ago

Tradewindsnews

LNG bunker vessel enquiry rises as charterers test growing market

But firm orders will be dependent on providers securing multi year charters....

Trade Wind News Published 4y-2mo-2w-6d-21h-45m ago

Tradewindsnews

Noble loses landmark case over masters' responsibility to check cargoes

Hong Kong operator fails in bid to overturn UK High Court ruling in bulker loading row....

Trade Wind News Published 4y-2mo-2w-6d-21h-45m ago

Tradewindsnews

London arbitration figures withstand the impact of the pandemic

Annual figures show that the UK capital remains shipping’s most popular seat of arbitration....

Trade Wind News Published 4y-2mo-2w-6d-21h-45m ago

Tradewindsnews

Japan's NYK Line joins bandwagon with LPG-fuelled VLGC order

Tokyo listed shipping giant books pair at Kawasaki Heavy Industries to replace older tonnage....

Trade Wind News Published 4y-2mo-2w-6d-22h-1m ago

Tradewindsnews

Greek handysize tanker boarded but Thenamaris VLCC repels pirate attack

Seafarers entered citadel and sailed Sea Phantom to Equatorial Guinea with eight gunmen on board....

Trade Wind News Published 4y-2mo-2w-6d-22h-55m ago

Tradewindsnews

C-bed wins double Orsted charter for Hornsea wind farm SOV

Danish shipowner signs up its Wind Innovation ship for more work at world amp 39 s biggest offshore renewables site....

Trade Wind News Published 4y-2mo-2w-6d-23h-2m ago

Tradewindsnews

Design simplification is key to LNG bunker vessel capex cutting, Kanfer says

Chief executive Stig Hagen is confident of securing charters for upcoming newbuildings....

Trade Wind News Published 4y-2mo-2w-6d-23h-30m ago

Tradewindsnews

Gleamray continues under-the-radar bulker sales by divesting its only capesize

But TradeWinds understands the ship will be the last to be sold by the Greek shipowner, which has turned its focus to buying tonnage....

Trade Wind News Published 4y-2mo-2w-6d-23h-30m ago

Tradewindsnews

'Clever' docking timing has created $43m of value for Euronav investors

Euronav boss Hugo De Stoop may have been too modest in calculating benefits of manipulating shipyard schedule....

Trade Wind News Published 4y-2mo-2w-6d-23h-31m ago

Tradewindsnews

AET-chartered VLCCs poised to depart fleet after sale at 'quite firm' price

Eagle Vermont and Eagle Virginia are Singapore tanker giant amp 39 s first VLCCs....

Trade Wind News Published 4y-2mo-2w-6d-23h-32m ago

Tradewindsnews

Maersk sues Glencore in US over contaminated bunkers

Danish liner giant said off spec fuel left one ship without power and damaged a pump on a second vessel....

Trade Wind News Published 4y-2mo-3w-2h-52m ago

Tradewindsnews

Tanker market eyes stability after Libyan factions agree on interim government

Opec member’s oil output could be stabilised by latest agreement, according to analysts....

Trade Wind News Published 4y-2mo-3w-5h-31m ago

Tradewindsnews

Libya’s warring factions agree on interim government

OPEC member’s oil output could be stabilised by latest agreement, say analysts....

Trade Wind News Published 4y-2mo-3w-5h-31m ago

Tradewindsnews

Hydrogen fuel cell momentum builds with GEV and Teco 2030 deals

Australian group developing power system for compressed gas carrier, while Norwegian company to cooperate with Dutch shipbuilder....

Trade Wind News Published 4y-2mo-3w-2d-7h-42m ago

Tradewindsnews

Capesize rates register 19% weekly fall amid seasonality and supply imbalance

Market set to be quiet next week due to upcoming Chinese New Year holiday....

Trade Wind News Published 4y-2mo-3w-2d-8h-38m ago

Tradewindsnews

Capesize rates register 19% weekly fall amid seasonality, supply imbalance

Market set to be quiet next week due to upcoming Chinese New Year holiday....

Trade Wind News Published 4y-2mo-3w-2d-8h-38m ago

Tradewindsnews

MR, suezmax tankers trade moments in sun amid market woes

Oversupply and expensive fuel hurt earnings but some segments enjoy occasional boosts....

Trade Wind News Published 4y-2mo-3w-2d-9h-16m ago

Tradewindsnews

Criminality in the ranks still a problem, new Nigerian Navy head says

Naval personnel are involved in crimes impacting shipping, new chief of naval staff said....

Trade Wind News Published 4y-2mo-3w-2d-12h-8m ago

Tradewindsnews

d'Amico buys back Sole Shipping MR tanker to lower finance cost

Italian shipowner uses option to take back control of 2005 built product carrier from Norwegian owner....

Trade Wind News Published 4y-2mo-3w-2d-16h-2m ago

Tradewindsnews

US sanctions head exits as Biden team takes over White House

Andrea Gacki led the Office of Foreign Assets Control during a turbulent period for shipping....

Trade Wind News Published 4y-2mo-3w-2d-16h-43m ago

Tradewindsnews

US sanctions head exits as Biden team take over White House

Andrea Gacki led the Office of Foreign Assets Control during a turbulent period for shipping....

Trade Wind News Published 4y-2mo-3w-2d-16h-43m ago

Tradewindsnews

Pappas and Dragnis-backed shipowners sell ageing MR tankers

Two major Greek owners part with some of their oldest tonnage in an uninspiring market for oil carriers....

Trade Wind News Published 4y-2mo-3w-2d-17h-2m ago

Tradewindsnews

Ernst Russ ups fleet to 18 vessels with boxship and multipurpose purchases

Listed shipowner acquires boxship brace and diversifies with acquisitions in the project carrier sector....

Trade Wind News Published 4y-2mo-3w-2d-17h-36m ago

Tradewindsnews

NYK banks Japan's first dollar-denominated sustainability loan in $50m deal

Japanese owner says green financing follows $473m facility agreed in 2019....

Trade Wind News Published 4y-2mo-3w-2d-18h-21m ago

Tradewindsnews

Euronav weighing all options for future of venture with International Seaways

Storage vessels could be sold or taken over by either partner, Hugo De Stoop says....

Trade Wind News Published 4y-2mo-3w-2d-18h-26m ago

Tradewindsnews

De Stoop says 'good people' can help beat less careful retrofitted rivals

Euronav boss says company has equalled or bettered rates achieved by companies that opted for retrofits....

Trade Wind News Published 4y-2mo-3w-2d-18h-37m ago

Tradewindsnews

Cosco leasing unit moves to arrest Eletson tanker pair

Greek company expresses surprise at the action and expects issue to be settled soon....

Trade Wind News Published 4y-2mo-3w-2d-18h-37m ago

Tradewindsnews

Nikolaos Vafias expands with gas carrier newbuilding and handysize bulkers

Greek shipowner starts 2021 with expansion on several fronts, spending more than $100m on a gas carrier newbuilding and secondhand bulkers....

Trade Wind News Published 4y-2mo-3w-2d-19h-12m ago

Tradewindsnews

Palmali's arbitration bill hits $245m as Socar claims third win in London

Turkish tanker owner loses another legal tussle with Azerbaijan amp 39 s national oil company....

Trade Wind News Published 4y-2mo-3w-2d-20h-20m ago

Tradewindsnews

What risk does shipping face from possible sanctions against Myanmar?

Ports sector could face brunt of international condemnation after coup....

Trade Wind News Published 4y-2mo-3w-2d-21h-28m ago

Tradewindsnews

Tonnage providers unnerved by liner appetite for secondhand ships

Boxship buying spree led by operators raises fears over the future of charter market, TradeWinds forum hears....

Trade Wind News Published 4y-2mo-3w-2d-21h-45m ago

Tradewindsnews

Xihe Group shipowner points finger at HSBC over crew abandonment

Seafarers left angry and frustrated without pay on vessel at Malaysian anchorage after creditor arrest....

Trade Wind News Published 4y-2mo-3w-2d-21h-56m ago

Tradewindsnews

Solstad continues fleet reduction with sale of laid-up PSV trio

Norwegian owner aiming to shed non core ships as part of $2bn financial restructuring....

Trade Wind News Published 4y-2mo-3w-2d-22h-21m ago

Tradewindsnews

Asset play: Songa Container makes $19m profit on sale of boxship it bought for $23m

Arne Blystad cashes in on post panamax vessel in booming container sector....

Trade Wind News Published 4y-2mo-3w-2d-23h-1m ago

Tradewindsnews

Secrets of S&P: Euronav has $700m to spend but Awilco VLCCs were too expensive

Hugo De Stoop lifts the lid on Belgian owner amp 39 s past S amp P deals and what the future holds....

Trade Wind News Published 4y-2mo-3w-2d-23h-28m ago

Tradewindsnews

Chandris returns to South Korea with product tankers order

Owner signed up for the LR2 at about $50m, just before the hike in shipbuilding prices....

Trade Wind News Published 4y-2mo-3w-2d-23h-29m ago

Tradewindsnews

Disaster for cruise as Canada extends cruiseship ban into 2022

Hammer blow to cruise lines amp 39 chances of operating to Alaska or the Canadian east coast and Arctic this year....

Trade Wind News Published 4y-2mo-3w-2d-23h-46m ago

Tradewindsnews

Hin Leong Trading could face wind up order after sell off flops

Potential buyers reportedly walk away from deal to acquire company offered in package deal....

Trade Wind News Published 4y-2mo-3w-3d-56m ago

Tradewindsnews

Asset disposals and weak tanker markets push FSL Trust into the red

Lack of dividend in fourth quarter sends shares in Singapore listed shipowner down 13% in early trading....

Trade Wind News Published 4y-2mo-3w-3d-2h-45m ago

Tradewindsnews

Runaway aframax crew sees relief after owner abandons ship

But seafarers, lenders and creditors are taking their cases to the High Court of Sri Lanka....

Trade Wind News Published 4y-2mo-3w-3d-5h-7m ago

Tradewindsnews

Ten VLCC newbuilding order at Hyundai yards cancelled

Shipbuilder said unnamed client had failed to come up with initial payment despite contract signing....

Trade Wind News Published 4y-2mo-3w-3d-5h-39m ago

Tradewindsnews

Wind shift: Scorpio Bulkers makes official its name change to Eneti

Company amp 39 s massive bet on dry bulk from 2013 never quite panned out....

Trade Wind News Published 4y-2mo-3w-3d-10h-7m ago

Tradewindsnews

Stifel bullish on dry bulk shipping despite falling capesize rates

Investment bank raises ratings on two bulker owners....

Trade Wind News Published 4y-2mo-3w-3d-11h-21m ago

Tradewindsnews

Nasdaq-listed shipping player enters Bitcoin mining amid crypto fever

Sino Global Shipping America wants to enhance logistics platform with ‘innovative technologies’....

Trade Wind News Published 4y-2mo-3w-3d-11h-39m ago

Tradewindsnews

Zim breaks through IPO price after week of recovery

Israeli liner player makes it back from 23% loss on initial trading day, but then fades back Thursday afternoon....

Trade Wind News Published 4y-2mo-3w-3d-13h-17m ago

Tradewindsnews

New boss takes the helm at Hamburg Sud as Vespermann steps down

Maersk opts for ‘continuity’ in appointing shipping veteran Poul Hestbaek to top of German liner company....

Trade Wind News Published 4y-2mo-3w-3d-14h-48m ago

Tradewindsnews

Vroon crewman wins $2,500 safety award for quick thinking on livestock ship

Sherwin Montano nominated by colleagues after spotting dangers of horizontal ladder mounted from bunker barge....

Trade Wind News Published 4y-2mo-3w-3d-16h-10m ago

Tradewindsnews

Total and Alfa Laval join AP Moller’s decarbonisation lab

Maersk Mc Kinney Moller Center for Zero Carbon Shipping forms partnership with two major players....

Trade Wind News Published 4y-2mo-3w-3d-16h-12m ago

Tradewindsnews

Total and Alfa Laval join AP Moller-backed decarbonisation lab

Maersk Mc Kinney Moller Center for Zero Carbon Shipping forms partnership with two major players....

Trade Wind News Published 4y-2mo-3w-3d-16h-12m ago

Tradewindsnews

VLGC spot rates crash $80,000 in a month as tonnage list swells

Brokers report that no cargoes are left unfixed for February as US exports fall....

Trade Wind News Published 4y-2mo-3w-3d-16h-26m ago

Tradewindsnews

Raft of boxships needed to restore balance as Los Angeles congestion spikes

Charter costs of replacements would hit $1.4m per day, Alphaliner calculates....

Trade Wind News Published 4y-2mo-3w-3d-16h-46m ago

Tradewindsnews

In the modern shipping world, the new watchword is ‘seller beware’

An owner’s responsibility these days does not stop when it has disposed of a vessel....

Trade Wind News Published 4y-2mo-3w-3d-16h-46m ago

Tradewindsnews

Suez Canal wins over Panama on January LNG carrier transits

Seasonal congestion is likely to continue during US export spikes, Kpler says....

Trade Wind News Published 4y-2mo-3w-3d-16h-47m ago

Tradewindsnews

Maran UK to appeal court ruling on Bangladesh recycling death

Tanker owner appealing against earlier ruling to allow a claim against it to proceed to trial....

Trade Wind News Published 4y-2mo-3w-3d-17h-30m ago

Tradewindsnews

Stolt Tankers brings in Shell man Hoekstra to speed IPO

Chemical tanker owner appoints experienced oil and gas executive as chief financial officer....

Trade Wind News Published 4y-2mo-3w-3d-18h-19m ago

Tradewindsnews

Two decades of pain stopping yards from coming up with decarbonisation designs

Reinhard Luken defends the cash burning sector from charges of silence on eco matters....

Trade Wind News Published 4y-2mo-3w-3d-18h-47m ago

Tradewindsnews

EU puts 'cold ironing' for ships in ports back on agenda and Yara Marine jumps in

The European Parliament amp 39 s aim to ban emissions in ports can create huge demand, says Norwegian group expanding into green technology....

Trade Wind News Published 4y-2mo-3w-3d-18h-48m ago

Tradewindsnews

Quick thinking needed as clock ticks down on EEXI compliance

Incoming efficiency standards mean up to 80% of the trading fleet will have to upgrade....

Trade Wind News Published 4y-2mo-3w-3d-18h-49m ago

Tradewindsnews

Pareto Shipbrokers recruiting as Tom Sunderland takes over in Aberdeen

Offshore and renewables specialist wants to expand operations despite impact of pandemic....

Trade Wind News Published 4y-2mo-3w-3d-19h-6m ago

Tradewindsnews

Titan LNG builds fleet with long-term charter from NYK

LNG bunker supplier remains in the market for opportunistic long term vessel charters as it holds off on final newbuilding decision....

Trade Wind News Published 4y-2mo-3w-3d-19h-56m ago

Tradewindsnews

Charity MENAS making progress on persuading owners to pay their navigation dues

Organisation that runs Middle East navigational infrastructure formalises payment deal with agency Inchcape....

Trade Wind News Published 4y-2mo-3w-3d-19h-56m ago

Tradewindsnews

Altera eyes tanker sales and partnerships after $73m loss

Tanker and FPSO group calls in financial advisers to promote growth....

Trade Wind News Published 4y-2mo-3w-3d-20h-12m ago

Tradewindsnews

From $80bn to zero: where do European yards go after collapse of cruiseships?

TradeWinds panellists debate the future of shipbuilding as the passenger sector falls away in the Covid 19 pandemic....

Trade Wind News Published 4y-2mo-3w-3d-21h-46m ago

Tradewindsnews

Book club turns a new page in race and ethnicity conversation

Inspired by Black Lives Matter, co founders want to create a channel for education and dialogue....

Trade Wind News Published 4y-2mo-3w-3d-21h-46m ago

Tradewindsnews

Just the job: ‘Positive disruptors’ help add diversity to interviews

Pool of volunteers can aid companies in forming inclusive panels to select recruits....

Trade Wind News Published 4y-2mo-3w-3d-21h-46m ago

Tradewindsnews

Wallenius Wilhelmsen fined $18m for cartel collusion in Australia

Owner says court ruling marks amp 39 closure amp 39 in long running car carrier probe....

Trade Wind News Published 4y-2mo-3w-3d-21h-47m ago

Tradewindsnews

Euronav adds another $50m to share buyback target

Owner believes stock is heavily discounted compared with the price of a new VLCC....

Trade Wind News Published 4y-2mo-3w-3d-22h-17m ago

Tradewindsnews

Euronav speeds up 27-ship docking programme after fourth quarter loss

Belgian tanker owner says final three months were among most challenging in recent memory....

Trade Wind News Published 4y-2mo-3w-3d-22h-41m ago

Tradewindsnews

MX Bulk sells two kamsarmax newbuildings

Isle of Man shipowner offloads pair of newbuildings under construction in China....

Trade Wind News Published 4y-2mo-3w-3d-22h-46m ago

Tradewindsnews

Fredriksen vehicle Aeternum 'no retreat from shipping'

New team of advisors is said not to be a sign that the tycoon is pulling back from his usual hands on investment style as he plans succession....

Trade Wind News Published 4y-2mo-3w-3d-23h-26m ago

Tradewindsnews

Remoy Shipping secures charters for half of former Hermitage PSV fleet

Norwegian manager has now fixed six vessels on term deals after Nordic banks took control....

Trade Wind News Published 4y-2mo-3w-3d-23h-26m ago

Tradewindsnews

Pratap Shirke: ‘My father-in-law was right — I lost my shirt on that first ship’

The shipping veteran reflects on a career in the industry and the P amp I business....

Trade Wind News Published 4y-2mo-3w-3d-23h-28m ago

Tradewindsnews

LNG shipowners could fall victim to fresh US Myanmar sanctions

Wood Mackenzie says any such moves could make it difficult for gas carrier owners to import cargoes....

Trade Wind News Published 4y-2mo-3w-4d-1h-47m ago

Tradewindsnews

Maran Tankers discusses dual-fuel VLCCs with Samsung Heavy Industries

Greek owner switches yards and embraces new fuelling choice for next generation of vessels....

Trade Wind News Published 4y-2mo-3w-4d-5h-43m ago

Tradewindsnews

Zhonggu inks $350m order for 10 panamax boxships at Yangzijiang

Newbuildings will drive fleet efficiency and strengthen its position in domestic market....

Trade Wind News Published 4y-2mo-3w-4d-5h-44m ago

Tradewindsnews

Castor Maritime snaps up second kamsarmax in as many days

Growing Cyprus based shipowner takes recent spending in the secondhand market to close to $50m....

Trade Wind News Published 4y-2mo-3w-4d-5h-45m ago

Tradewindsnews

Sinokor presses pause on three LNG newbuildings

Hull numbers show ships ordered at SHI two years ago were due to deliver in 2021 and 2022....

Trade Wind News Published 4y-2mo-3w-4d-6h-4m ago

Tradewindsnews

Wilbur Ross heads to the Spac market with Diamond S chairman in tow

Are shipping investments only in past tense for legendary amp 34 King of Bankruptcy amp 34 ....

Trade Wind News Published 4y-2mo-3w-4d-10h-11m ago

Tradewindsnews

US issues licence permitting payments to Venezuelan maritime agency

Sanctions against INEA prevented any goods from getting into the South American country....

Trade Wind News Published 4y-2mo-3w-4d-10h-16m ago

Tradewindsnews

US issues license permitting payments to Venezuelan maritime agency

Sanctions against INEA prevented any goods from getting into the South American country....

Trade Wind News Published 4y-2mo-3w-4d-10h-16m ago

Tradewindsnews

Spanish investor takes stake in embattled Diamond S

Cobas Asset Management has stakes in other shipping companies....

Trade Wind News Published 4y-2mo-3w-4d-12h-4m ago

Tradewindsnews

US seeks to seize alleged Iranian oil aboard Marinakis-linked VLCC

Capital Ship Management deceived by Iranian scheme involving several STS transfers, justice department says....

Trade Wind News Published 4y-2mo-3w-4d-12h-22m ago

Tradewindsnews

Largest investor continues orderly selldown of shares in Genco Shipping

Centerbridge Partners has now sold more than 1.2m shares since December filing....

Trade Wind News Published 4y-2mo-3w-4d-14h-30m ago

Tradewindsnews

B Riley's Burke lowers expectations ahead of tanker earnings

The analyst retains buy ratings and price targets, but revises earnings figures....

Trade Wind News Published 4y-2mo-3w-4d-14h-30m ago

Tradewindsnews

Capesize spot rates continue to fall amid supply imbalance

Seasonality is also weighing on the physical market as China prepares to celebrate Lunar New Year....

Trade Wind News Published 4y-2mo-3w-4d-15h-3m ago

Tradewindsnews

Zim boxes its way back towards IPO price

Israeli containership line has been steadily gaining after a woeful first day on the NYSE....

Trade Wind News Published 4y-2mo-3w-4d-16h-36m ago

Tradewindsnews

Zim's IPO debacle shows investors are wary of shipping's turbulence

Israeli company’s bloodbath in New York suggests industry is seen as niche and problematic, and real value comes from promises of Big Data companies....

Trade Wind News Published 4y-2mo-3w-4d-16h-38m ago

Tradewindsnews

Angeliki Frangou wins dispute with brother John Frangos

Judgment shows just how bitter the siblings amp 39 legal fight has become, following wild accusations made by Frangos in Greece....

Trade Wind News Published 4y-2mo-3w-4d-16h-38m ago

Tradewindsnews

Bybrook dumps Polarcus stock as PGS forces through court refinancing

Seismic survey ship groups have seen contrasting fortunes in tough markets....

Trade Wind News Published 4y-2mo-3w-4d-17h-59m ago

Tradewindsnews

Chemikalien Seetransport and Dr Peters hook-up in ship management venture

Dr Peters continues with ‘strategic realignment’ of shipping division....

Trade Wind News Published 4y-2mo-3w-4d-18h-21m ago

Tradewindsnews

Safe Bulkers leads Greek sales of older panamax vessels

With dry bulk S amp P markets in overdrive, several Greek companies have grasped the opportunity to shake out older vessels as they move to renew their fleets....

Trade Wind News Published 4y-2mo-3w-4d-18h-25m ago

Tradewindsnews

MSC boxship involved in third major Pacific container loss incident

Concern mounting over series of incidents involving containerships trading between the US and China....

Trade Wind News Published 4y-2mo-3w-4d-18h-40m ago

Tradewindsnews

Navios Acquisition sells more boxships inherited from dissolved vehicle

Angeliki Frangou led company offloads another pair of handy containerships from dissolved special vehicle Navios Europe II....

Trade Wind News Published 4y-2mo-3w-4d-18h-45m ago

Tradewindsnews

Trafigura leads traders in bargain hunting in period charters for quality tankers

Charterers show strong appetite for young, newbuilding suezmaxes and VLCCs fitted with scrubbers....

Trade Wind News Published 4y-2mo-3w-4d-18h-45m ago

Tradewindsnews

Knutsen fixes LNG newbuilding to Myanmar developer

Chinese company snaps up 30,000 cbm ship ex yard on multi month time charter....

Trade Wind News Published 4y-2mo-3w-4d-18h-46m ago

Tradewindsnews

FSL Trust extends bareboat charters for five product tankers

UK based James Fisher Everard agrees to charter the ships for another eight years....

Trade Wind News Published 4y-2mo-3w-4d-18h-48m ago

Tradewindsnews

Nakilat locks away unfixed LNG newbuildings to Cheniere Energy

Qatari giant has now tied up all four speculatively ordered, joint venture ships for periods of at least one year....

Trade Wind News Published 4y-2mo-3w-4d-19h-1m ago

Tradewindsnews

New Bimco clause aims to crack down on AIS abusers and sanctions busters

Shipowners amp 39 organisation wants to make it automatic for charters to be cancelled if vessels go dark....

Trade Wind News Published 4y-2mo-3w-4d-19h-43m ago

Tradewindsnews

K Line sees earnings soar on the back of ONE profits

The big three Japanese shipping companies are all enjoying the success of their joint venture liner company....

Trade Wind News Published 4y-2mo-3w-4d-19h-55m ago

Tradewindsnews

Molaris spin-off takes full control of Cargill-chartered tanker octet

Share transfers leaves Empire Product Tankers with 100% of subsidiaries bareboating in modern MRs from leasing company....

Trade Wind News Published 4y-2mo-3w-4d-21h-42m ago

Tradewindsnews

Sellers may be safe from US sanctions even when tankers end up in Iran and Venezuela trades

But original owners need to demonstrate proper due diligence and ships used in sanctioned trades without prior knowledge....

Trade Wind News Published 4y-2mo-3w-4d-21h-43m ago

Tradewindsnews

P&I clubs braced for income dip as they de-risk investments

Executives say they can no longer rely on investment returns to subsidise underwriting losses....

Trade Wind News Published 4y-2mo-3w-4d-21h-44m ago

Tradewindsnews

'Bloodbath' in capesize futures market as tumbling spot rates hit sentiment

Rising vessel supply and weak demand has led to falling spot rates, prompting a big sell off in freight derivatives....

Trade Wind News Published 4y-2mo-3w-4d-21h-44m ago

Tradewindsnews

Signal Group launches hunt for tech start-ups to support AI drive

New investment arm wants to bring on companies specialising in analytics....

Trade Wind News Published 4y-2mo-3w-4d-22h-23m ago

Tradewindsnews

Market 'disruption' allowed Euronav to pounce on suezmax newbuilds

CEO Hugo de Stoop says Daehan deal does not add to vessel supply in line with its strategy....

Trade Wind News Published 4y-2mo-3w-4d-22h-29m ago

Tradewindsnews

Samsung makes provisions for Sinokor LNG newbuildings

South Korean shipbuilder also continues to be burdened by former offshore drillship orders....

Trade Wind News Published 4y-2mo-3w-4d-22h-55m ago

Tradewindsnews

Tangled web of entities emerges behind transaction for tanker named as scrapped vessel

After being sold by ADS Crude Carriers, the Calliop changed ownership amp 39 several times amp 39 before taking the identity of a scrapped ship....

Trade Wind News Published 4y-2mo-3w-4d-23h-29m ago

Tradewindsnews

Fear of sanctions tipped to scuttle drillship sale

A former Fred Olsen Energy drillship ordered for $615m may fail to realise even a fraction of that sum thanks to EU sanctions on potential buyer Turkish Petroleum....

Trade Wind News Published 4y-2mo-3w-4d-23h-33m ago

Tradewindsnews

Is Grieg's refinancing the first post-Libor deal in shipping?

Norwegian bulker owner unable to confirm whether DNB deal — using a the new secured overnight financing rate — is a pioneering move....

Trade Wind News Published 4y-2mo-3w-4d-23h-33m ago

Tradewindsnews

NYK Line rides liner sector boom to stronger third quarter profit

Japanese giant raises full year operating profit forecast as container segment continues to bolster bottom line....

Trade Wind News Published 4y-2mo-3w-5d-31m ago

Tradewindsnews

Seafarer killed after bulker hit by wave off Nova Scotia

Canadian authorities inspecting vessel for damage and ensuring it is sufficiently crewed before allowing it to sail....

Trade Wind News Published 4y-2mo-3w-5d-3h-3m ago

Tradewindsnews

Hutchison Port Holdings set for dividend boost on stronger earnings

Analysts more confident of higher payout to shareholders at Singapore listed terminal operator....

Trade Wind News Published 4y-2mo-3w-5d-5h-29m ago

Tradewindsnews

LNG bunker suppliers face off over Asia record

Rival LNG bunkerers are eager to measure the size of one another amp 39 s stems and the vessels they serve — but the winner is not necessarily easy to pick....

Trade Wind News Published 4y-2mo-3w-5d-5h-52m ago

Tradewindsnews

Tianjin Southwest Maritime takes gas carrier orderbook past $700m mark with VLGC deal

Third shipping company to have signed up for Jiangnan amp 39 s new Panda Class 93,000 cbm design....

Trade Wind News Published 4y-2mo-3w-5d-5h-53m ago

Tradewindsnews

For Dorian, focus is on returning capital to shareholders

The Connecticut LPG carrier owner is uninterested in new ships....

Trade Wind News Published 4y-2mo-3w-5d-8h-43m ago

Tradewindsnews

Poseidon Principles signatories soon to reach 50% of all debt to shipping

Citi amp 39 s Michael Parker lays out progress at annual Greek Norwegian chamber event....

Trade Wind News Published 4y-2mo-3w-5d-10h-37m ago

Tradewindsnews

Buttigieg confirmed as US transportation secretary

Buttigieg previously expressed his support for the Jones Act....

Trade Wind News Published 4y-2mo-3w-5d-12h-5m ago

Tradewindsnews

Arklow Shipping orders seven newbuildings from Royal Bodewes

The Irish bulker operator two years ago ended a controversial amp 39 no deal Brexit contract with Seaborne Freight....

Trade Wind News Published 4y-2mo-3w-5d-12h-58m ago

Tradewindsnews

Dorian looks to buy back shares after beating expectations

The self tender offer will see it repurchase 7.4m shares at $13.50....

Trade Wind News Published 4y-2mo-3w-5d-13h-52m ago

Tradewindsnews

Atlantic Insurance Brokers moves in on US Gulf market

Ambitious Lloyd’s of London broker targets marine and energy markets with new Houston outlet....

Trade Wind News Published 4y-2mo-3w-5d-15h-32m ago

Tradewindsnews

Scorpio Bulkers sells seven vessels to Star Bulk Carriers as wind pivot intensifies

Petros Pappas led consolidator Star Bulk will assume $102.3m in lease obligations and pay 3m shares....

Trade Wind News Published 4y-2mo-3w-5d-15h-46m ago

Tradewindsnews

Iran frees crew of South Korean tanker as investigation continues

Iran continues to push for the release of billions of dollars held in South Korean banks....

Trade Wind News Published 4y-2mo-3w-5d-15h-56m ago

Tradewindsnews

Charter rates could go even higher in ‘new era’ for box markets

Covid accelerated the recovery in container markets but fundamentals were headed that way anyway, analyst tells TradeWinds forum....

Trade Wind News Published 4y-2mo-3w-5d-16h-4m ago

Tradewindsnews

Crew trapped without pay on Xihe Group FPSO following arrest

Cook Islands amp 39 flag and insurer move to calm anger among crew but solution to ongoing crisis is now in sight....

Trade Wind News Published 4y-2mo-3w-5d-16h-9m ago

Tradewindsnews

$51bn in wind farm capital spending outstrips oil and gas for first time

Shipowners can see which way the wind is blowing in amp 39 excitingly hot amp 39 market, according to Clarksons Research says....

Trade Wind News Published 4y-2mo-3w-5d-16h-44m ago

Tradewindsnews

Pirates forced Mozart crew to open 'citadel' after cutting into it and firing

Details emerge about violent attack on Borealis Maritime boxship in Gulf of Guinea....

Trade Wind News Published 4y-2mo-3w-5d-16h-44m ago

Tradewindsnews

Private Scorpio vehicle is latest to invest in green energy through $20m battery bet

Management backs Norwegian manufacturer amp 39 s $850m reverse merger into US listing, with some familiar shipping names involved....

Trade Wind News Published 4y-2mo-3w-5d-16h-44m ago

Tradewindsnews

BC Ferries seeks government cash for 13 electric ferries in $860m plan

Canadian shipowner pledges to build seven ships locally if government helps it out....

Trade Wind News Published 4y-2mo-3w-5d-16h-59m ago

Tradewindsnews

Cleaves' post-pandemic party: VLGCs on VIP list but LNG carriers not invited

Investment bank bullish on big LPG vessels but amp 39 frosty amp 39 regarding prospects for LNG sisters....

Trade Wind News Published 4y-2mo-3w-5d-18h-51m ago

Tradewindsnews

MPCC sells trio and fixes 41 ships in booming box markets

German feedership specialist takes advantage of strong markets to reorganise fleet and lock in revenue....

Trade Wind News Published 4y-2mo-3w-5d-18h-51m ago

Tradewindsnews

Ammonia seen gaining ground in ship operators' carbon game plan

Current cost parity and pathway to market emerging from symbiotic relationship with wind and solar energies makes ammonia future proof ship investment....

Trade Wind News Published 4y-2mo-3w-5d-18h-54m ago

Tradewindsnews

GEV revising $1.1bn Chinese order for compressed natural gas fleet

Australian start up in talks with CIMC Raffles to extend letter of intent for groundbreaking newbuildings....

Trade Wind News Published 4y-2mo-3w-5d-19h-52m ago

Tradewindsnews

Liner operators lead fresh assault on secondhand boxship market

Wan Hai, MSC and RCL buy 11 containerships in bid to beat booming charter market....

Trade Wind News Published 4y-2mo-3w-5d-20h-51m ago

Tradewindsnews

Hadjipateras-backed alternative finance platform targets $162m bulker investment

Four major shipbrokers and others are putting forward acquisition candidates for the Infinity Maritime platform....

Trade Wind News Published 4y-2mo-3w-5d-21h ago

Tradewindsnews

Libyan rebels seize another ship as exports come under threat again

Libyan National Army remains active, while terminal guards could block oil ports....

Trade Wind News Published 4y-2mo-3w-5d-21h-46m ago

Tradewindsnews

Grieg Star changes name as it looks beyond death of Libor with new ship loan

Grieg Maritime Group is born as company teams with DNB for new financing based on secured overnight financing rate....

Trade Wind News Published 4y-2mo-3w-5d-21h-47m ago

Tradewindsnews

Veteran LNG carrier recirculated for demolition sale

Hyproc Shipping tries again to offload the 10th oldest ship in the world amp 39 s LNG fleet....

Trade Wind News Published 4y-2mo-3w-5d-21h-47m ago

Tradewindsnews

Nereus sells bulkers ordered at height of shipping boom

CM Lemos outfit and other Greeks seen offloading older supramaxes as S amp P dry bulk focus switches to smaller tonnage....

Trade Wind News Published 4y-2mo-3w-5d-22h-29m ago

Tradewindsnews

Banks force sale of Polarcus fleet as all staff face the sack

But there is hope that one seismic vessel — the Vyacheslav Tikhonov — chartered to Sovcomflot will continue to trade....

Trade Wind News Published 4y-2mo-3w-5d-22h-39m ago

Tradewindsnews

De Chateauvieux faces creditors before eyeing further investments

Owner wants to expand in gas tonnage but still has a settlement with lenders to get through....

Trade Wind News Published 4y-2mo-3w-5d-23h-30m ago

Tradewindsnews

Evergas to exit pressurised LPG as LNG plans await green light

Owner is looking to further investments in specialised gas, pending a settlement between parent Jaccar Holdings and creditors....

Trade Wind News Published 4y-2mo-3w-5d-23h-30m ago

Tradewindsnews

Tsirigakis-backed SPAC raises $150m from New York IPO

Nasdaq listed entity run by shipping veterans says targets will not be limited to a particular industry....

Trade Wind News Published 4y-2mo-3w-5d-23h-46m ago

Tradewindsnews

Platts launches weighted average supramax TCE indices

Pricing agency’s move comes after launch of similar indexes for capesize and kamsarmax markets....

Trade Wind News Published 4y-2mo-3w-6d-2h-35m ago

Tradewindsnews

Pantheon VLCC delivers 'world’s first' carbon neutral crude shipment

Offsets applied against cargo sufficient to cover expected GHG emissions from the entire crude lifecycle....

Trade Wind News Published 4y-2mo-3w-6d-5h-42m ago

Tradewindsnews

Jiuzhou Star eyes options as last ship waits to discharge

After selling seven of its eight vessels, a Fuzhou based owner is left with a capesize that cannot be sold until it discharges its Australian coal cargo....

Trade Wind News Published 4y-2mo-3w-6d-6h ago

Tradewindsnews

King Shan invests arrest winnings in younger ship

Chinese buyer who arrested capesize to force a sale has scrapped it and put the proceeds into growing his fleet....

Trade Wind News Published 4y-2mo-3w-6d-6h-1m ago

Tradewindsnews

Private equity breaths new life into South Korea's STX Offshore

Employees look forward to a fresh approach and shake up in ship types built....

Trade Wind News Published 4y-2mo-3w-6d-6h-2m ago

Tradewindsnews

Castor Maritime surges 15% as amateur-investor buying frenzy continues

Online message board darling continues price run up in amp 39 GameStop effect amp 39 campaign as 262m shares exchanged....

Trade Wind News Published 4y-2mo-3w-6d-8h-7m ago

Tradewindsnews

Costamare reveals chartering feast amid boxship bonanza

New York listed firm secures multi year fixtures worth $440m in red hot chartering market....

Trade Wind News Published 4y-2mo-3w-6d-8h-35m ago

Tradewindsnews

Indian seafarer commits suicide during tanker voyage

The tanker was being taken to India for scrapping when the crew member was found dead....

Trade Wind News Published 4y-2mo-3w-6d-9h-55m ago

Tradewindsnews

Indian seafarer found hanged during tanker voyage

Vessel was being taken to India for scrapping when crew member was discovered dead....

Trade Wind News Published 4y-2mo-3w-6d-9h-55m ago

Tradewindsnews

Congestion expected to boost bulker rates in record year for grains market

Arrow Shipbroking thinks that supply of supramax and panamax bulkers will be squeezed by congestion and bad weather....

Trade Wind News Published 4y-2mo-3w-6d-12h-1m ago

Tradewindsnews

Nigerian government commits to freeing Turkish crew kidnapped from boxship

Nigerian officials meet with Turkey amp 39 s ambassador on fatal Gulf of Guinea pirate attack....

Trade Wind News Published 4y-2mo-3w-6d-12h-8m ago

Tradewindsnews

Seanergy Maritime fixes three capesizes at index-linked rates

Capesize spot rates have fallen to within the $15,000 per day range, according to Baltic Exchange data....

Trade Wind News Published 4y-2mo-3w-6d-12h-44m ago

Tradewindsnews

US-listed shipping stocks stumble into start of earnings season

Major players Scorpio Bulkers and Euronav among the owners to report results this week....

Trade Wind News Published 4y-2mo-3w-6d-14h-23m ago

Tradewindsnews

Pacific International Lines looks to the future as debt plan wins creditor approval

Singapore liner company says operator can now survive as it looks to rebuild with the backing of creditors....

Trade Wind News Published 4y-2mo-3w-6d-15h-21m ago

Tradewindsnews

Swedish Club keeps its A credit rating after S&P review

Rating agencies are satisfied that the Gothenburg based marine insurer is on the right lines as they get tough on P amp I clubs....

Trade Wind News Published 4y-2mo-3w-6d-15h-40m ago

Tradewindsnews

Wikborg Rein brings in Ince's Matt Berry as admiralty manager

Norwegian law group expands casualty team with new hire for London office....

Trade Wind News Published 4y-2mo-3w-6d-17h-1m ago

Tradewindsnews

Hoegh LNG assigns FSRU for H-Energy terminal in India

Second time lucky for regasification specialist inks as it inks new charter deal on one of its units for delayed Indian terminal....

Trade Wind News Published 4y-2mo-3w-6d-17h-29m ago

Tradewindsnews

Braemar ACM expects suezmax rally to last despite wider market woes

A broad recovery is not expected until late this year when oil demand recovers....

Trade Wind News Published 4y-2mo-3w-6d-18h-12m ago

Tradewindsnews

Footage shows cargoship breaking in two before fatal sinking

Bridge video features alarming bending of Arvin amp 39 s hull in heavy seas off Turkey....

Trade Wind News Published 4y-2mo-3w-6d-18h-15m ago

Tradewindsnews

Greek construction firm shows its hand in Tufton boxship buy

Stengos outfit Technical Olympic reveals majority stake in post panamax vessel bought alongside Technomar Shipping....

Trade Wind News Published 4y-2mo-3w-6d-18h-47m ago

Tradewindsnews

European Union to step in after failure of African states to halt piracy

Bloc approves new amp 39 coordinated maritime presences amp 39 plan Nigeria halts anchorage checks....

Trade Wind News Published 4y-2mo-3w-6d-18h-57m ago

Tradewindsnews

Three shipowners lined up for Shell’s LNG-fuelled VLCCs at DSME

Contract set to be inked at South Korean yard in February after major reserved berths last month....

Trade Wind News Published 4y-2mo-3w-6d-19h ago

Tradewindsnews

Sovcomflot Arc7 LNG carrier to tackle Northern Sea Route in February

Ship will work with ice breaker but sistership is set to take Suez Canal route home....

Trade Wind News Published 4y-2mo-3w-6d-19h-55m ago

Tradewindsnews

Head of London's Greek shipping group berates yards' 'silence' on decarbonisation

Fafalios says shipbuilders and engine manufacturers are not doing enough to help the maritime industry adapt to a zero carbon future....

Trade Wind News Published 4y-2mo-3w-6d-20h-18m ago

Tradewindsnews

Price pressure: Wartsila facing tough fight to secure orders at right level

But Roger Holm tells TradeWinds that its own deals are increasing, if the cruiseship sector is stripped out....

Trade Wind News Published 4y-2mo-3w-6d-20h-28m ago

Tradewindsnews

Corvus opens hydrogen marine fuel-cell production plant in Bergen

New project involves Japanese car maker Toyota, leading shipowners and energy companies....

Trade Wind News Published 4y-2mo-3w-6d-20h-28m ago

Tradewindsnews

Korean bank denies plan to sell HMM to steel giant Posco

Government officials had said Korea Development Bank was aiming to bring in Posco as shipowner amp 39 s biggest shareholder....

Trade Wind News Published 4y-2mo-3w-6d-22h-7m ago

Tradewindsnews

Bahri rides tanker wave to 153% profit surge, but 2021 could prove more challenging

Undeterred by Covid 19, Saudi shipping giant’s profits soared....

Trade Wind News Published 4y-2mo-3w-6d-22h-18m ago

Tradewindsnews

U-Ming Marine forges $202m bulker order as renewal effort points to more sales

The company has landed a good deal on the bulker newbuildings, observers say....

Trade Wind News Published 4y-2mo-3w-6d-22h-28m ago

Tradewindsnews

Navig8 and Tongli turn to CSSC Shipping to refinance tonnage

China State Shipbuilding Corp leasing arm concludes deals worth over $150m for chemical tankers and bulkers....

Trade Wind News Published 4y-2mo-3w-6d-22h-57m ago

Tradewindsnews

Eight cargoship crew released by pirates after 44 days

Seafarers from the general cargo vessel Stevia freed in Nigeria after December kidnapping....

Trade Wind News Published 4y-2mo-3w-6d-23h-7m ago

Tradewindsnews

John Frangos pulls the plug on pair of private companies

Greek authorities issue corporate death certificates for victims of past failures, legal troubles or just bad luck....

Trade Wind News Published 4y-2mo-3w-6d-23h-18m ago

Tradewindsnews

Niels Stolt-Nielsen: Shipping returns unsustainable for past 20 years

Norwegian shipowner also says it will take a while yet to get to acceptable levels....

Trade Wind News Published 4y-2mo-3w-6d-23h-18m ago

Tradewindsnews

Kim Ullman's cruellest quarter: 'Never seen it as bad almost in my whole career'

Concordia Maritime chief executive bemoans lost 18 months in tanker sector....

Trade Wind News Published 4y-2mo-3w-6d-23h-19m ago

Tradewindsnews

Military coup in Myanmar puts country at risk of returning into isolation

Ports said to remain open after military coup, but aftermath could send country back into isolation....

Trade Wind News Published 4y-3mo-41m ago

Tradewindsnews

Shipping considers options in wake of Myanmar military coup

Sanctions could send country back into isolation....

Trade Wind News Published 4y-3mo-41m ago

Tradewindsnews

Trump deal with China ‘under review’ says new administration

President Biden’s team says it will discuss situation with allies and partners before deciding on policy....

Trade Wind News Published 4y-3mo-2h-39m ago

Tradewindsnews

Trump deal with China ‘under review’, says Biden administration

New team says it will discuss situation with allies and partners before deciding on policy....

Trade Wind News Published 4y-3mo-2h-39m ago

Tradewindsnews

Eagle Bulk ultramax crew safe following boarding by pirates off Ghana

Analysts say latest incident is seventh this year and third recorded offshore boarding....

Trade Wind News Published 4y-3mo-5h-53m ago

Tradewindsnews

Castor Maritime caught up in 'GameStop' trading flap

Greek bulker owner is one of the listings whose trading was restricted by online platform Robinhood....

Trade Wind News Published 4y-3mo-2d-7h-53m ago

Tradewindsnews

Blackrock grabs more Ardmore Shipping Corp shares

The move comes as tankers are expected to have a rough first half of 2021....

Trade Wind News Published 4y-3mo-2d-8h-9m ago

Tradewindsnews

Sea Consortium and China United snap up newbuilding boxships in resale deals

Feeder liners swoop on vessels at Zhoushan Changhong International Shipyard and CSHI Guangdong....

Trade Wind News Published 4y-3mo-2d-8h-10m ago

Tradewindsnews

Global Ship Lease investor cuts stake by more than half

Nokomis Capital has kept same position in GSL since November 2009....

Trade Wind News Published 4y-3mo-2d-9h-3m ago

Tradewindsnews

Global Ship Lease investor's stake halved amid share issue

Nokomis Capital has kept same position in GSL since November 2009....

Trade Wind News Published 4y-3mo-2d-9h-3m ago

Tradewindsnews

Zim claws back some losses after nightmarish first trading day

IPO debutante lost more than $400m in shares value on Thursday....

Trade Wind News Published 4y-3mo-2d-9h-19m ago

Tradewindsnews

Diana Shipping buyback oversubscribed by almost 4m shares

Owner will prorate number of shares to each stakeholder to keep to selling only 6m units....

Trade Wind News Published 4y-3mo-2d-9h-49m ago

Tradewindsnews

Diana Shipping buy-back oversubscribed by almost 4m shares

Owner will prorate number of shares to each stakeholder to keep to selling only 6m units....

Trade Wind News Published 4y-3mo-2d-9h-49m ago

Tradewindsnews

CPLP's Kalogiratos defends questioned asset deal as 'fantastic'

Capital Product Partners bought three panamax boxships for $40.5m total from sponsor Capital Maritime....

Trade Wind News Published 4y-3mo-2d-10h-41m ago

Tradewindsnews

Capital Product fends off scrutiny over 'fantastic' deal

Kalogiratos led owner bought three panamax boxships from sponsor Capital Maritime at seemingly elevated prices and with low charter rates....

Trade Wind News Published 4y-3mo-2d-10h-41m ago

Tradewindsnews

Court rejects attempt to seize property in Australian coal dispute

A US judge said Australasia Charterers did not specify any property to attach....

Trade Wind News Published 4y-3mo-2d-11h-28m ago

Tradewindsnews

Shipping mourns MJLF, CD Mallory veteran Axiotakis

A broker of the amp 34 Golden Greeks amp 34 , George Axiotakis started his career with US military amp 34 Liberty Ships amp 34 after World War II....

Trade Wind News Published 4y-3mo-2d-12h-27m ago

Tradewindsnews

Castor adds kamsarmax to growing shopping basket

Petros Panagiotidis led outfit boosts fleet size to eight ships....

Trade Wind News Published 4y-3mo-2d-12h-27m ago

Tradewindsnews

Bulkers up, tankers down as Jefferies revamps 2021 earnings expectations

Top analyst also tells what he amp 39 s expecting from Q4 results as earnings season kicks off....

Trade Wind News Published 4y-3mo-2d-14h ago

Tradewindsnews

Retired former Avenir chief Andrew Pickering re-emerges at GEV

Experienced gas and tanker shipping executive joins board of Australian company hoping to launch CNG and hydrogen vessels....

Trade Wind News Published 4y-3mo-2d-15h-27m ago

Tradewindsnews

Capital Product Partners buys boxship trio from sponsor that paid less for them

Boxship owner sees higher profit but misses analyst consensus....

Trade Wind News Published 4y-3mo-2d-15h-44m ago

Tradewindsnews

France’s Socatra strikes $146m deal for MR tankers at Hyundai Mipo

Product carrier newbuildings are part of company’s fleet replacement and expansion programme....

Trade Wind News Published 4y-3mo-2d-16h-8m ago

Tradewindsnews

US miners’ dreams of an Asian coal export bonanza lie in dust

‘Last gasp’ for hopes of a west coast powerhouse that could ship millions of tonnes to Far East....

Trade Wind News Published 4y-3mo-2d-16h-47m ago

Tradewindsnews

Coal demand to peak in four years as the world turns green

Consumption expected to increase in the short term as Asia recovers from Covid 19....

Trade Wind News Published 4y-3mo-2d-16h-47m ago

Tradewindsnews

Profits go through the roof at liner giant Ocean Network Express

Quarterly profit surge to near $1bn on back of booming liner market....

Trade Wind News Published 4y-3mo-2d-18h-12m ago

Tradewindsnews

Physical survey is vital to maintaining asset quality and crew contact

The pandemic has changed much about the way we do business, but the need to focus on asset quality remains....

Trade Wind News Published 4y-3mo-2d-18h-34m ago

Tradewindsnews

Stolt-Nielsen says Avenir LNG needs to grow more before potential IPO

Niels Stolt Nielsen in no rush to take small scale gas joint venture public....

Trade Wind News Published 4y-3mo-2d-18h-34m ago

Tradewindsnews

Is shipping on the cusp of a second scrubber boom?

Wartsila amp 39 s Tamara de Gruyter says more stability is needed in the spread between high and low sulphur fuel prices....

Trade Wind News Published 4y-3mo-2d-18h-34m ago

Tradewindsnews

Fredriksen family kicks off sideline investment firm with quick $94m profit

Aeternum Capital formally established, but first two share buys have already seen positive returns....

Trade Wind News Published 4y-3mo-2d-19h-25m ago

Tradewindsnews

Socar wins second $63m arbitration battle in legal war against Palmali

Legal bills are mounting for troubled Turkish tanker group....

Trade Wind News Published 4y-3mo-2d-20h-14m ago

Tradewindsnews

Abu Dhabi Ports and Allianz Marine team up for new offshore joint venture OFCO

Company takes Safeen amp 39 s direct shipping involvement beyond boxships....

Trade Wind News Published 4y-3mo-2d-20h-19m ago

Tradewindsnews

Euronav homes in on resale deal for suezmax duo at Daehan Shipbuilding

Tanker newbuildings were originally ordered by Yasa Shipping of Turkey....

Trade Wind News Published 4y-3mo-2d-20h-29m ago

Tradewindsnews

Avenir LNG set to build ‘pretty material’ LNG supply business

Company poised to play in bunkering, power generation and industrial sectors....

Trade Wind News Published 4y-3mo-2d-21h-43m ago

Tradewindsnews

MOL earnings boosted by ‘substantial profit’ from liner company ONE

Conglomerate sets up new dry bulk and environmental divisions as it remodels its business....

Trade Wind News Published 4y-3mo-2d-21h-43m ago

Tradewindsnews

Transformational year beckons for small-scale supplier Avenir LNG

New chief executive Peter Mackey outlines delivery schedule for five newbuildings and first import terminal....

Trade Wind News Published 4y-3mo-2d-21h-43m ago

Tradewindsnews

Avenir LNG’s CEO sports enthusiast Peter Mackey navigates lockdowns

New role at small scale specialist was ‘too good an opportunity to miss’....

Trade Wind News Published 4y-3mo-2d-21h-43m ago

Tradewindsnews

German owners plug financing gap, says Hartmann

The golden days of German ship finance may be over but new sources of finance are emerging....

Trade Wind News Published 4y-3mo-2d-22h-12m ago

Tradewindsnews

Singapore navy reacts swiftly as three ships boarded by robbers off Indonesia

Attempted robberies thwarted after trio of incidents in the Singapore Strait this week....

Trade Wind News Published 4y-3mo-2d-22h-18m ago

Tradewindsnews

Navy reacts swiftly as three ships boarded by robbers off Singapore

Attempted robberies thwarted after trio of incidents in the Singapore Strait this week....

Trade Wind News Published 4y-3mo-2d-22h-18m ago

Tradewindsnews

Equinor takes $982m hit on 'uncompetitive' Tanzania LNG project

Norwegian energy major says break even prices still too high, 10 years after first drilling took place....

Trade Wind News Published 4y-3mo-2d-22h-58m ago

Tradewindsnews

LNG rates to drop as cargoes cancelled and new ships arrive

Analyst Atul Prasad Gupta tells TradeWinds how gas carrier markets could play out after March....

Trade Wind News Published 4y-3mo-2d-23h-25m ago

Tradewindsnews

Norwegian bunkering venture Cryo Shipping set to order LNG newbuildings

Young LNG bunkering specialist Cryo Shipping is planning its debut as a shipowner to grow its physical supply business....

Trade Wind News Published 4y-3mo-2d-23h-25m ago

Tradewindsnews

Shipowners outline their stance on EU emissions trading scheme

Association wants market based decarbonisation measure to be in line with the IMO’s global strategy....

Trade Wind News Published 4y-3mo-2d-23h-25m ago

Tradewindsnews

Seismic shift for Keppel O&M as it ditches rigs and 'low value-adding' repairs

Major changes ahead for the world amp 39 s largest rig builder as it looks for better opportunities in gas and renewables....

Trade Wind News Published 4y-3mo-3d-36m ago

Tradewindsnews

Seismic shift for Keppel O&M as it ditches rigs and ship repairs

Major changes ahead for the world amp 39 s largest rig builder as it looks for better opportunities in gas and renewables....

Trade Wind News Published 4y-3mo-3d-36m ago

Tradewindsnews

Seismic shift for Keppel O&M as it ditches rigs and shiprepairs

Major changes ahead for the world amp 39 s largest rig builder as it looks for better opportunities in gas and renewables....

Trade Wind News Published 4y-3mo-3d-36m ago

Tradewindsnews

Sandhu takes the helm at BTS Tankers as Klarup jumps over to Fednav

Marathon Petroleum’s head of shipping to lead Singapore based product tanker specialist....

Trade Wind News Published 4y-3mo-3d-3h-8m ago

Tradewindsnews

Eagle Bulk buys fourth Scorpio ultramax, using combined cash-shares deal

Gary Vogel led owner puts its stock behind a buy for the first time....

Trade Wind News Published 4y-3mo-3d-8h-26m ago

Tradewindsnews

Opec+ and vaccine emerge as wildcards in slow tanker markets

Rate boost is not impossible in 2021 – but it will take some astonishing turns of events....

Trade Wind News Published 4y-3mo-3d-9h-43m ago

Tradewindsnews

Kirby looks towards second half after full-year loss

Kirby said it had hit the bottom after the third quarter....

Trade Wind News Published 4y-3mo-3d-10h-26m ago

Tradewindsnews

Kirby looks toward second half after full-year loss

Kirby said it had hit the bottom after the third quarter....

Trade Wind News Published 4y-3mo-3d-10h-26m ago

Tradewindsnews

Zim stumbles from starting gate in first trading, plunging 20% after IPO

Priced at $15, owner quickly sinks below $12 in first hour of trading on NYSE....

Trade Wind News Published 4y-3mo-3d-13h-44m ago

Tradewindsnews

Zim stumbles from starting gate in first trading, plunging 23% after IPO

Priced at $15, owner quickly sinks below $12 in first hour of trading on NYSE....

Trade Wind News Published 4y-3mo-3d-13h-44m ago

Tradewindsnews

Danaos Corp offers $300m in debt as part of major refinancing

Greek owner launches private offering as it takes delivery of two new post panamax ships....

Trade Wind News Published 4y-3mo-3d-14h-29m ago

Tradewindsnews

Concordia looks to second-half recovery after year it would rather forget

Chief executive Kim Ullman says pandemic has delayed amp 39 structural upturn amp 39 of market by 18 months....

Trade Wind News Published 4y-3mo-3d-16h-1m ago

Tradewindsnews

Chinese leasing houses set for growth at a slower pace

Meanwhile, lenders continue to shift to focusing on high quality borrowers, according to Marine Money panellists....

Trade Wind News Published 4y-3mo-3d-16h-7m ago

Tradewindsnews

Clarksons Platou says fears of boxship rate drop 'overblown'

Frode Morkedal optimistic that port congestion will allow owners to keep earnings healthy for some time yet....

Trade Wind News Published 4y-3mo-3d-16h-46m ago

Tradewindsnews

Georgiopoulos partnership emerges as lead investor in huge US methanol project

amp 39 Peter G amp 39 and right hand man Leo Vrondissis have more on their plate than the United Arab Chemical Carriers acquisition....

Trade Wind News Published 4y-3mo-3d-16h-46m ago

Tradewindsnews

Abducted Borealis Maritime crew safe as contact made with pirates

Fifteen seafarers uninjured following violent attack on boxship that left colleague dead....

Trade Wind News Published 4y-3mo-3d-17h ago

Tradewindsnews

Uniper ups its LNG shipments by almost 68% in 2020

Company takes delivery of second long term chartered newbuilding from Mitsui OSK Lines as it eyes Asia growth....

Trade Wind News Published 4y-3mo-3d-17h-18m ago

Tradewindsnews

China Merchants Energy Shipping takes heavy non-cash charges for 2020

Chinese shipping giant moves to cut tax liabilities with forecast buoyant profits....

Trade Wind News Published 4y-3mo-3d-17h-39m ago

Tradewindsnews

Trafigura widens hydrogen investment as it banks $484m bond

Trading giant is looking to cement its position in growing market for green energy....

Trade Wind News Published 4y-3mo-3d-17h-47m ago

Tradewindsnews

Pareto Bank adds more shipowners and vessels as lending rises

Niche Norwegian lender builds its shipping book in fourth quarter as markets rebound....

Trade Wind News Published 4y-3mo-3d-17h-54m ago

Tradewindsnews

Sumitomo Mitsui FL becomes first leasing company to join Poseidon Principles

More Japanese shipping banks expected to sign up to the environmental ship finance initiative....

Trade Wind News Published 4y-3mo-3d-18h-14m ago

Tradewindsnews

Shipping seeks clear rules that embrace decarbonisation transitionary period

Owners and operators need to catch up with banks on environmental, social and governance issues to access finance....

Trade Wind News Published 4y-3mo-3d-18h-48m ago

Tradewindsnews

UK court clears 'eye-watering' port lay-up fees for CMV cruiseships

Other creditors object in vain to Tilbury amp 39 s demand for increased dues of up to $259,000 per week to stack Columbus and Vasco da Gama ahead of auctions....

Trade Wind News Published 4y-3mo-3d-18h-49m ago

Tradewindsnews

Okeanis eyes 'broader capital pools' after fast-tracked transfer to main Oslo board

Greek shipowner exempted from three year rule for promotion as it heads to Oslo Bors....

Trade Wind News Published 4y-3mo-3d-18h-49m ago

Tradewindsnews

Former Fred Olsen Energy drillship set for sale to Turkish Petroleum

Lenders likely to suffer loss in sale of Bolete Dolphin....

Trade Wind News Published 4y-3mo-3d-19h-27m ago

Tradewindsnews

Effort to create giant of cruiseship building falls apart

European shipbuilding leviathan merger blown apart by Covid 19 and competition worries....

Trade Wind News Published 4y-3mo-3d-19h-34m ago

Tradewindsnews

Rescue operation launched as bulker runs aground off Turkey

The Petra Star was in ballast en route to Russia when it asked for help....

Trade Wind News Published 4y-3mo-3d-19h-50m ago

Tradewindsnews

AP Moller-Maersk moves to block video showing Maersk Essen cargo damage

Claims consultancy WK Webster took down footage clearly showing damage caused by loss of 750 containers in Pacific....

Trade Wind News Published 4y-3mo-3d-20h-10m ago

Tradewindsnews

SM Line plots IPO debut on Korea Exchange

The company plans to use the IPO funds to expand fleet and on new business opportunities....

Trade Wind News Published 4y-3mo-3d-20h-49m ago

Tradewindsnews

2020 Bulkers books its first annual profit after another good quarter

Final quarter was not as strong as the previous three month period but still helped lift the newcastlemax owner to an annual profit....

Trade Wind News Published 4y-3mo-3d-21h-9m ago

Tradewindsnews

Marinakis acquitted in Greek football trial

....

Trade Wind News Published 4y-3mo-3d-21h-31m ago

Tradewindsnews

Stolt-Nielsen sees hope for chemical tankers after bleak winter

Norwegian owner emerges from fourth quarter with bigger profit despite decline in volumes from previous three months....

Trade Wind News Published 4y-3mo-3d-21h-40m ago

Tradewindsnews

Will December deals on TMS Cardiff Gas vessels still stand?

Details emerge of time charters on four LNG carriers that were at centre of shareholder dispute....

Trade Wind News Published 4y-3mo-3d-21h-41m ago

Tradewindsnews

Bulkers and heavylifters muscle in on boxship trades due to shortage

Carriers and freight forwarders are turning to container friendly non cellular tonnage as rates skyrocket....

Trade Wind News Published 4y-3mo-3d-21h-42m ago

Tradewindsnews

Come on, UK Chamber of Shipping — it’s time to rock the Brexit boat

The impact on trade of leaving the EU was entirely predictable, so where is the planning ....

Trade Wind News Published 4y-3mo-3d-21h-42m ago

Tradewindsnews

Wartsila takes action on costs as second Covid-19 wave hits

Finnish shipping technology group stays in profit but Covid 19 pandemic is taking its toll....

Trade Wind News Published 4y-3mo-3d-22h-2m ago

Tradewindsnews

Sinokor strikes charter deal with Trafigura for VLCC duo on sales block

Charter deal comes after South Korean company put the two tankers up for sale.....

Trade Wind News Published 4y-3mo-3d-22h-24m ago

Tradewindsnews

Braemar sells half its stake in technical spin-off as broking focus continues

CEO James Gundy tells TradeWinds the shipbroker is happy to remain a shareholder of AqualisBraemar....

Trade Wind News Published 4y-3mo-3d-23h-3m ago

Tradewindsnews

Technomar clocks up seventh boxship buy since August

Greek shipowner George Youroukos crowns acquisition spree with 9,200 teu Tufton vessel....

Trade Wind News Published 4y-3mo-3d-23h-25m ago

Tradewindsnews

Newly merged Liberty Pier looks to green energy shipping projects

Combining broking and project units is amp 39 way to survive amp 39 , says managing director Dietrich Schulz....

Trade Wind News Published 4y-3mo-3d-23h-25m ago

Tradewindsnews

Will female quotas chip away at German shipping’s glass ceiling?

Angela Merkel’s cabinet is pushing through laws to boost the numbers of female executives in top jobs....

Trade Wind News Published 4y-3mo-3d-23h-26m ago

Tradewindsnews

Eastern Pacific beats CO2 reduction target two years ahead of schedule

Shipowner says new efficient ships and a mix of fuel sources allowed it to low its carbon footprint....

Trade Wind News Published 4y-3mo-4d-2h-17m ago

Tradewindsnews

Painful punishments dished out to keep piracy at bay in Asia

Jail time and lashings are some of the sentences handed down by the region’s courts to deter piracy....

Trade Wind News Published 4y-3mo-4d-3h-17m ago

Tradewindsnews

HMM looking at alternative fuels for next newbuildings

President Jae hoon Bae said company will consider LNG, biofuels and ammonia alongside scrubbers....

Trade Wind News Published 4y-3mo-4d-3h-27m ago

Tradewindsnews

ZIM scores shipping's first New York IPO since 2015 with below-range pricing

Lower than expected pricing point will see liner company raise about $250m in the New York listing....

Trade Wind News Published 4y-3mo-4d-3h-30m ago

Tradewindsnews

Evergreen splits $2.3bn boxship order between four yards in three countries

Taiwanese liner company will own 10 of the 15,000 teu newbuildings and charter the remaining ships from tonnage provider Shoei Kisen....

Trade Wind News Published 4y-3mo-4d-8h-19m ago

Tradewindsnews

John Michael Radziwill can't fathom bulker owners who hurry up to wait

Good Bulk boss has strong views on what should be the obvious solution to achieving decarbonisation....

Trade Wind News Published 4y-3mo-4d-9h-20m ago

Tradewindsnews

Charter dispute rages as Australian coal import ban drags on

Australasia Charterers looks to the courts to secure its arbitration proceedings against Wordlwide Bulk Shipping....

Trade Wind News Published 4y-3mo-4d-10h-14m ago

Tradewindsnews

Charterers prevent crew changes despite ongoing seafarer crisis, says KCC chief

Rotating crews before and during voyages is becoming more difficult with new charter terms....

Trade Wind News Published 4y-3mo-4d-10h-56m ago

Tradewindsnews

Charterers prevent crew changes despite ongoing seafarer crisis

Rotating crews before and during voyages are becoming more difficult with new charter terms....

Trade Wind News Published 4y-3mo-4d-10h-56m ago

Tradewindsnews

Capesize bulkers ballast to Atlantic amid falling steel margins

Rates continue to decline as a result of seasonality as Chinese New Year approaches....

Trade Wind News Published 4y-3mo-4d-11h-57m ago

Tradewindsnews

The Recap: Recycling hope, BW's Golar pullback and Polarcus banks lose patience

Five essential shipping stories on 27 January....

Trade Wind News Published 4y-3mo-4d-13h-8m ago

Tradewindsnews

Evercore predicting weaking for LNG, but strength for LPG rates

Investment bank downgraded Navigator Holdings and GasLog after share prices rise following rate jumps....

Trade Wind News Published 4y-3mo-4d-13h-30m ago

Tradewindsnews

Evercore predicts weakening for LNG rates, but strength for LPG

Investment bank downgrades Navigator Holdings and GasLog after share prices rise following rate jumps....

Trade Wind News Published 4y-3mo-4d-13h-30m ago

Tradewindsnews

Globus offers more shares, lowers price on prior offer

The owner amp 39 s shares have fallen considerably since Wednesday amp 39 s opening bell on Wall Street....

Trade Wind News Published 4y-3mo-4d-13h-51m ago

Tradewindsnews

Sovcomflot reflects on first ‘virtual IPO’ for Russian shipowner

Chief financial officer Nikolai Kolesnikov said the experience ‘makes you humble’....

Trade Wind News Published 4y-3mo-4d-13h-55m ago

Tradewindsnews

Orlando Ashford appointed Azamara executive chairman

The cruise executive was previously president of Carnival Corp amp 39 s Holland America Line....

Trade Wind News Published 4y-3mo-4d-14h-18m ago

Tradewindsnews

Insurer Apollo takes on new marine head at Lloyd’s syndicate

Company is keen to expand its specialty lines with new recruit after recent changes in senior staff....

Trade Wind News Published 4y-3mo-4d-15h-30m ago

Tradewindsnews

Bunker player LQM closes London office and removes chief executive

Bunker Holding fuel brokerage arm scales down business due to ‘unforeseen and unprecedented challenges’....

Trade Wind News Published 4y-3mo-4d-16h-10m ago

Tradewindsnews

Scorpio Tankers heading for big earnings miss? Deutsche Bank's Amit Mehrotra is unfazed

Robert Bugbee says it amp 39 s all about 2021 recovery story amid falling inventories and rising vaccinations....

Trade Wind News Published 4y-3mo-4d-16h-25m ago

Tradewindsnews

Glencore and Trafigura take scrubber-fitted tanker newbuilds in period deals

Deals have come amid widening fuel price spread and renewed oil demand worries....

Trade Wind News Published 4y-3mo-4d-16h-37m ago

Tradewindsnews

Legal action forces Economous’ hand on buyout of LNG quartet

GasLog misses out as father and son amp 39 s chartering gambit backfires and they opt to pay up to take back ships....

Trade Wind News Published 4y-3mo-4d-16h-43m ago

Tradewindsnews

Siem Offshore may go to court in Brazil to force through debt deal

Talks continue but shipowner says legal proceedings could be needed....

Trade Wind News Published 4y-3mo-4d-16h-44m ago

Tradewindsnews

Celsius Shipping keeps up active S&P profile with ultramax sale

Danish shipowner scores a profit with sale of fourth bulker since November....

Trade Wind News Published 4y-3mo-4d-16h-44m ago

Tradewindsnews

Kanfer Shipping signs LOI for two speculative LNG bunker vessels

Norwegian owner turns to Chinese shipbuilder for duo delivering in 2023....

Trade Wind News Published 4y-3mo-4d-17h-27m ago

Tradewindsnews

Maersk to count cost of Pacific container collapse

Boxship that lost around 750 containers in the Pacific finally arrives at port of refuge....

Trade Wind News Published 4y-3mo-4d-18h-32m ago

Tradewindsnews

Law firm Campbell Johnston Clark adds new partners in Singapore and Newcastle

Maritime focused law firm is celebrating its first amp 39 fully homegrown amp 39 partner, who joined as a newly qualified lawyer....

Trade Wind News Published 4y-3mo-4d-18h-35m ago

Tradewindsnews

Frontline and Euronav: owners to scrap and pool ships during downturn

Tanker giants say shipowners will seek to limit tonnage supply amid demand uncertainty....

Trade Wind News Published 4y-3mo-4d-18h-44m ago

Tradewindsnews

Shell debuts new US LNG bunker barge with Siem car carrier

Newbuilding supplied in night time first operation in the Port of Jacksonville, Florida....

Trade Wind News Published 4y-3mo-4d-18h-44m ago

Tradewindsnews

Profit surge for Hapag-Lloyd raises hopes for 2021

But could the first signs of a wobble in freight rates spoil the party ....

Trade Wind News Published 4y-3mo-4d-18h-52m ago

Tradewindsnews

Orsted charters new hybrid crew transfer vessels for Hornsea wind farm

NOS and MHO Co ships will be ready for hydrogen power in the future....

Trade Wind News Published 4y-3mo-4d-19h-27m ago

Tradewindsnews

Cosmoship of Greece orders up to four boxships at Huangpu Wenchong

The newbuilding contracts involves two firm vessels plus option for two additional ships....

Trade Wind News Published 4y-3mo-4d-19h-36m ago

Tradewindsnews

Jeff Bezos-backed Mission Possible Partnership aims to clean up shipping

New clean transportation alliance launched at the Davos Agenda targets zero emission shipping by 2030....

Trade Wind News Published 4y-3mo-4d-20h-26m ago

Tradewindsnews

Montenegro pulls the plug on support for two state bulker owners

Crnogorska Plovidba and Barska Plovidba face uncertain future after government decides not to offer any more state aid....

Trade Wind News Published 4y-3mo-4d-20h-57m ago

Tradewindsnews

Finance tops the challenges for German shipowners

Owners should not be blinded to ongoing challenges other than the coronavirus....

Trade Wind News Published 4y-3mo-4d-21h-42m ago

Tradewindsnews

LNG carrier charter rates slide from hot highs

But the shipping market is likely set for a healthy second quarter and beyond as Europe restocks and utilities think ahead....

Trade Wind News Published 4y-3mo-4d-21h-44m ago

Tradewindsnews

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

Declarations taken to Davos Dialogues by more than 300 companies are an immense effort to relieve seafarers amp 39 distress. This time shipping must make the world listen....

Trade Wind News Published 4y-3mo-4d-21h-44m ago

Tradewindsnews

New player Moderna Marine highlights Greek thirst for kamsarmaxes

Capesizes are not the only type of bulker that Greeks have been piling into lately....

Trade Wind News Published 4y-3mo-4d-23h-30m ago

Tradewindsnews

Smaller German ship managers face bleak future

Some managers can specialise but smaller managers have to face amp 39 brutal reality amp 39 , says Bernhard Schulte boss Beveridge....

Trade Wind News Published 4y-3mo-4d-23h-31m ago

Tradewindsnews

Schulte boss looks to woo German capital back to shipping

German investors can be won over with the right product, says Schulte boss....

Trade Wind News Published 4y-3mo-4d-23h-31m ago

Tradewindsnews

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

Growing population means more product is being shipped to the country, much of it from South America....

Trade Wind News Published 4y-3mo-5d-35m ago

Tradewindsnews

Hyundai Heavy Industries plans $900m IPO

The world largest shipbuilder says funds will go towards preparing it for low carbon era....

Trade Wind News Published 4y-3mo-5d-3h-59m ago

Tradewindsnews

Fortescue Metals floats $700m tender for LNG-fuelled newcastlemax bulkers

The mining company seeks to charter up to 10 dual fuel vessels amid efforts to cut emissions....

Trade Wind News Published 4y-3mo-5d-8h-33m ago

Tradewindsnews

Eastmed-linked companies sue to stop Integr8 arbitration push

Prose Shipping and Poles Shipping argue they cannot be forced into arbitration, as they were never party to a contract....

Trade Wind News Published 4y-3mo-5d-9h-7m ago

Tradewindsnews

BW Group sells off Golar LNG shares

The Singaporean firm bought shares in September and started selling in November....

Trade Wind News Published 4y-3mo-5d-9h-18m ago

Tradewindsnews

Capesize spot rates continue to fall amid 'seasonal headwinds'

January amp 39 s rates are still higher than usual, Cleaves Securities amp 39 Joakim Hannisdahl said....

Trade Wind News Published 4y-3mo-5d-13h-7m ago

Tradewindsnews

Iran demands to know why NITC VLCC was seized in Indonesia

Government seeking clarification over allegation of illegal oil transfer with Chinese tanker....

Trade Wind News Published 4y-3mo-5d-14h-57m ago

Tradewindsnews

US domestic shipping cheers Biden executive order

President amp 39 s administration to prioritise buying US made goods and services, including requiring transport on US flagged ships....

Trade Wind News Published 4y-3mo-5d-15h-10m ago

Tradewindsnews

Oldendorff working on folding rotor sail design for bulker fleet

German giant teaming with Anemoi for sails that can be flattened on vessel decks....

Trade Wind News Published 4y-3mo-5d-15h-15m ago

Tradewindsnews

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

Japanese shipowner links up with seabed investigation company to prepare the ground for domestic wind farm operations....

Trade Wind News Published 4y-3mo-5d-15h-23m ago

Tradewindsnews

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

Long running partners finally buddy up on ice breaking newbuildings for Russia’s Arctic LNG 2 project....

Trade Wind News Published 4y-3mo-5d-15h-24m ago

Tradewindsnews

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

Long running partners finally buddy up on ice breaking newbuildings for Russia’s Arctic LNG 2 project....

Trade Wind News Published 4y-3mo-5d-15h-24m ago

Tradewindsnews

Dorian LPG earnings beating consensus but dividends could be delayed

Fourth quarter figures looking strong for VLGC owner, but rate fall this year may change dividend outlook....

Trade Wind News Published 4y-3mo-5d-16h-36m ago

Tradewindsnews

Randy Giveans celebrates arrival of ‘sistership’

The busy analyst finds a new reason to be bullish in 2021....

Trade Wind News Published 4y-3mo-5d-16h-50m ago

Tradewindsnews

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

Jeremy Nixon and Graham Westgarth tell TradeWinds how they brought 314 stakeholders together — and what the future now holds....

Trade Wind News Published 4y-3mo-5d-16h-50m ago

Tradewindsnews

USTC bunker hedging unit makes banker its chairman

Danish tanker and bunker sales group appoints former Nordea derivatives veteran as part of moves to realign its strategy around financial hedging programmes....

Trade Wind News Published 4y-3mo-5d-17h-55m ago

Tradewindsnews

Covid-19 hits port-state control inspection numbers in the Pacific region

Tokyo MOU prepares to go remote as pandemic limits access to ships for inspection....

Trade Wind News Published 4y-3mo-5d-18h-1m ago

Tradewindsnews

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

Columbia Shipmanagement chief executive warns that industry needs to speak with one voice to make a positive impact for seafarers....

Trade Wind News Published 4y-3mo-5d-18h-45m ago

Tradewindsnews

Mark O'Neil: Signing and then forgetting Neptune Declaration is not enough

Global trade could be at stake if seafarers are left at the back of vaccine queue, shipping lobby warns....

Trade Wind News Published 4y-3mo-5d-18h-46m ago

Tradewindsnews

Boxships spur confidence in German finance circles

The turning tide in container shipping may help the German fleet start to grow again....

Trade Wind News Published 4y-3mo-5d-18h-46m ago

Tradewindsnews

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

Chinese giant says the impairment is part of fleet renewal plan and still expects strong 2020 profits....

Trade Wind News Published 4y-3mo-5d-19h-1m ago

Tradewindsnews

Valles Steamship tanker crew retreat to citadel after pirate approach

Potential attack on Seafrontier reportedly thwarted off Nigeria....

Trade Wind News Published 4y-3mo-5d-19h-11m ago

Tradewindsnews

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

Taiwanese operator says investment comes on the back of improved freight rates and earnings....

Trade Wind News Published 4y-3mo-5d-19h-17m ago

Tradewindsnews

Five seafarers missing after boxship and tug collide off Indonesia

Authorities fear crew members were trapped in overturned hull of towage vessel....

Trade Wind News Published 4y-3mo-5d-19h-31m ago

Tradewindsnews

Prelude FLNG exports second cargo after restart weather blip

Shell’s giant floater starts to ramp up production after year long downtime....

Trade Wind News Published 4y-3mo-5d-20h-17m ago

Tradewindsnews

Banks take over Polarcus seismic vessel fleet hours after owner defaults

Lenders enforce share pledges to take control of seven survey ships....

Trade Wind News Published 4y-3mo-5d-20h-20m ago

Tradewindsnews

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

Essam Bella was instrumental in establishing the shipbroking giant amp 39 s presence in the Emirate....

Trade Wind News Published 4y-3mo-5d-20h-36m ago

Tradewindsnews

Tanker stuck off UAE for three years runs aground in storm

Seafarer on Iba says he has not been on land for four years....

Trade Wind News Published 4y-3mo-5d-20h-51m ago

Tradewindsnews

Hyundai Heavy and DSME merger deadline pushed back to June over EU concerns

Korea Shipbuilding amp Offshore Engineering revises contract deadline for acquisition from Korea Development Bank....

Trade Wind News Published 4y-3mo-5d-22h-52m ago

Tradewindsnews

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

Hong Kong shipowner says that with two vessels sales in the bag, it is no longer in a selling mood....

Trade Wind News Published 4y-3mo-5d-23h-2m ago

Tradewindsnews

What really lies behind the rise and rise of handysizes?

Time charter average rates have almost quadrupled since last May — at times even surpassing those for supramaxes....

Trade Wind News Published 4y-3mo-5d-23h-24m ago

Tradewindsnews

Citadels said to remain secure despite Borealis boxship attack

Security consultants downplay fatal incident in Gulf of Guinea, as uncertainty surrounds exact circumstances....

Trade Wind News Published 4y-3mo-5d-23h-24m ago

Tradewindsnews

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

Move builds on need for strong partnerships, says founder Lars Rolner....

Trade Wind News Published 4y-3mo-5d-23h-24m ago

Tradewindsnews

ABS teams with Singaporean university in ammonia bunker study

City state aims to take a lead in developing new maritime fuels with latest industry wide study....

Trade Wind News Published 4y-3mo-6d-48m ago

Tradewindsnews

ABS teams with Singapore university in ammonia bunker study

City state looks to take a lead in developing new maritime fuels with latest industry wide study....

Trade Wind News Published 4y-3mo-6d-48m ago

Tradewindsnews

Courage Investment Group looks to enter crew training sector

Hong Kong shipowner says demand for on line training in China is booming due to Covid 19....

Trade Wind News Published 4y-3mo-6d-2h-10m ago

Tradewindsnews

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

Smaller units of the Xihe fleet reportedly set to resume trading with Glory International of the UAE....

Trade Wind News Published 4y-3mo-6d-2h-19m ago

Tradewindsnews

Handysize bulker futures market set to launch following shipowners' campaign

Clearing houses could begin handling paper trades as soon as mid April, TradeWinds understands....

Trade Wind News Published 4y-3mo-6d-5h-7m ago

Tradewindsnews

Handysize bulkers future market set to launch following shipowners' campaign

Clearing houses could begin handling paper trades as soon as mid April, TradeWinds understands....

Trade Wind News Published 4y-3mo-6d-5h-7m ago

Tradewindsnews

Neptune Declaration: More than 300 shipowners and charterers join forces to speed crew changes and vaccinations

Neptune Declaration brings together giants such as Maersk, John Fredriksen, Cosco, BP and Trafigura to increase the pressure on governments to act on seafarer welfare during the pandemic....

Trade Wind News Published 4y-3mo-6d-7h-25m ago

Tradewindsnews

Neptune Declaration: More than 300 owners and charterers join forces to speed crew changes and vaccinations

Neptune Declaration brings together giants such as Maersk, John Fredriksen, Cosco, BP and Trafigura to increase the pressure on governments to act on seafarer welfare during the pandemic....

Trade Wind News Published 4y-3mo-6d-7h-25m ago

Tradewindsnews

Norway's Cryo claims LNG bunkering record in Straits

A vessel spot chartered from Avenir has supplied the biggest LNG fueled vessel yet, according to LNG bunkering specialist Cryo Shipping....

Trade Wind News Published 4y-3mo-6d-12h-11m ago

Tradewindsnews

Norway's Cryo claims LNG bunkering record in Singapore Straits

A vessel spot chartered from Avenir has supplied the biggest LNG fuelled ship yet, according to LNG bunkering specialist....

Trade Wind News Published 4y-3mo-6d-12h-11m ago

Tradewindsnews

Alleged patent troll drops Maersk lawsuit

Transcend Shipping System amp 39 s lawsuit against three other boxship companies remain open....

Trade Wind News Published 4y-3mo-6d-12h-35m ago

Tradewindsnews

Azamara adds Pacific Princess as fourth ship

Private equity firm Sycamore Partners has bought the boutique luxury line for $201m from Royal Caribbean Group....

Trade Wind News Published 4y-3mo-6d-12h-59m ago

Tradewindsnews

Biden-fuelled energy patch swoon helps send stocks to first down week

Negative sentiment on oil patch in new US presidency played its part as shipping finally underperforms broader market....

Trade Wind News Published 4y-3mo-6d-13h-28m ago

Tradewindsnews

Two names under consideration for Biden's maritime administrator

John McCown and Mike Rodriguez are said to be in the running....

Trade Wind News Published 4y-3mo-6d-13h-55m ago

Tradewindsnews

Cosco looking to widen OOIL share base in $120m deal

JP Morgan brought in to find buyers for Hong Kong container line amp 39 s stock....

Trade Wind News Published 4y-3mo-6d-16h-4m ago

Tradewindsnews

Okeanis VLCC's top-dollar China run shows scrubber premium

Brazilian fixture ties up Greek tanker at $17,000 per day to ride out weak market....

Trade Wind News Published 4y-3mo-6d-16h-43m ago

Tradewindsnews

Scorpio Bulkers' wind shift blew Evermore in direction of Oslo's Cadeler

Investment firm has 2% stake in Swire/BW backed wind turbine installation vessel player....

Trade Wind News Published 4y-3mo-6d-16h-43m ago

Tradewindsnews

Evermore Global may have cut shipping stake in 2020 — but it will not be for good

New Jersey investor more than halved its stake, but says it will be back with bigger positions in fewer names....

Trade Wind News Published 4y-3mo-6d-16h-43m ago

Tradewindsnews

Biden’s Keystone rejection strikes positive tone for tanker owners

Analysts predict more seaborne crude trade as Canadian producers look for other outlets....

Trade Wind News Published 4y-3mo-6d-18h-5m ago

Tradewindsnews

Navy hunts for veteran cargoship that disappeared off Colombia

Colombian forces say the Carmen I sent alert but has not been found....

Trade Wind News Published 4y-3mo-6d-18h-14m ago

Tradewindsnews

First carbon-neutral certified container shipment claimed

Box of bananas loaded at Ecuador port on MSC vessel said to be first shipment handled at import and export ends by green certified companies....

Trade Wind News Published 4y-3mo-6d-18h-41m ago

Tradewindsnews

Berglund reflects on life in Hong Kong and rebuilding Pacific Basin

Tanker and bulker veteran Mats Berglund will be retiring to Sweden in July, but his love for Hong Kong remains as strong as ever....

Trade Wind News Published 4y-3mo-6d-18h-52m ago

Tradewindsnews

CMA CGM stalwart Sartini joins Yilport as co-chief executive

Long time trusted lieutenant of French liner giant takes top spot at growing Turkish port operator....

Trade Wind News Published 4y-3mo-6d-19h-28m ago

Tradewindsnews

CTM supramax pool outperforms index as volumes jump in turbulent year

Radziwill run bulker revenue sharing agreement says pandemic forced it to find new ways of working....

Trade Wind News Published 4y-3mo-6d-19h-44m ago

Tradewindsnews

Hyundai Mipo bags MR tanker newbuildings worth up to $145m

Letter of intent for the four product tankers was inked last year....

Trade Wind News Published 4y-3mo-6d-19h-58m ago

Tradewindsnews

Iran again swats away diplomatic overtures to solve Hankuk Chemi saga

Offer from Qatar to mediate turned down as Iran insists chemical tanker’s seizure was not politically motivated....

Trade Wind News Published 4y-3mo-6d-20h-7m ago

Tradewindsnews

Moundreas keeps spinning on capesize wheel with two buys

Freight rate increases for bulkers percolate unusually quickly into the secondhand market....

Trade Wind News Published 4y-3mo-6d-20h-12m ago

Tradewindsnews

Indonesia seizes Iranian and Chinese VLCCs over alleged illegal transfer

Coast Guard detains NITC and Shanghai Future tankers off Kalimantan....

Trade Wind News Published 4y-3mo-6d-22h-42m ago

Tradewindsnews

Germany's fleet nears nadir and looks to the future

Maritime cluster survives coronavirus but its sustainability remains a key question....

Trade Wind News Published 4y-3mo-6d-23h-5m ago

Tradewindsnews

Germans carve a future with global ship management giants

Thomas Rehder explains how traditional owner managers are reinventing themselves as third party managers....

Trade Wind News Published 4y-3mo-6d-23h-6m ago

Tradewindsnews

Cape Shipping makes timely comeback in large bulkers

Canny asset player emerges with Japanese built ore carrier, which has rapidly appreciated in value since its purchase late last year....

Trade Wind News Published 4y-3mo-6d-23h-6m ago

Tradewindsnews

Thoresen picks up second Scorpio bulker in its first deal of 2021

Thai bulker owner already looks to have made $1m on purchase price on back of improving freight rates....

Trade Wind News Published 4y-3mo-1w-21m ago

Tradewindsnews

Royal Caribbean sells off two Ecuadorian-flagged expedition cruiseships

Departure of ships operated by Silversea and Celebrity brands linked to fleet replacement plans....

Trade Wind News Published 4y-3mo-1w-1h-30m ago

Tradewindsnews

New J&J Denholm management team ushers in generational change

Fifth generation member of the Denholm family becomes new CEO in major executive leadership overhaul....

Trade Wind News Published 4y-3mo-1w-3h-3m ago

Tradewindsnews

Singapore to continue to pay for local maritime sector's Covid-19 testing

Government says it is extending subsidy as virus continues to pose significant public health risks....

Trade Wind News Published 4y-3mo-1w-4h-51m ago

Tradewindsnews

Singapore to continue to pay for maritime sector's Covid-19 testing

Government says it is extending subsidy as virus continues to pose significant public health risks....

Trade Wind News Published 4y-3mo-1w-4h-51m ago

Tradewindsnews

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

With the mutual market struggling, fixed premium providers are well placed to take advantage of Asian growth....

Trade Wind News Published 4y-3mo-1w-5h-2m ago

Tradewindsnews

China's Ruiyang Shipping splashes close to $300m on feeder boxships

Low profile outfit is teaming up with a Japanese company to operate China to Japan feeder service....

Trade Wind News Published 4y-3mo-1w-5h-3m ago

Tradewindsnews

Seafarer shot dead and 15 seized as pirates storm Borealis boxship citadel

Tragic and amp 39 exceptional amp 39 incident is an extremely worrying escalation of threat in Gulf of Guinea....

Trade Wind News Published 4y-3mo-1w-18h-22m ago

Tradewindsnews

Nantong Xiangyu scores orders for up to six panamax bulkers

The wide beam 79,900 dwt ships will be the largest to be built for trading in China....

Trade Wind News Published 4y-3mo-1w-2d-8h-38m ago

Tradewindsnews

Will China lift its three-month ban on Australian coal?

The move would cause dry bulk rates to fall by freeing up tonnage, according to Clarksons Platou Securities....

Trade Wind News Published 4y-3mo-1w-2d-8h-41m ago

Tradewindsnews

Sycamore Partners mum on plans for Azamara cruise line

Private equity owner plans to promote brand chief operating officer Carol Cabezas to president....

Trade Wind News Published 4y-3mo-1w-2d-8h-44m ago

Tradewindsnews

Iran: If the US lifts sanctions, we will comply with nuclear deal

Iran will not renegotiate the deal, however....

Trade Wind News Published 4y-3mo-1w-2d-10h-19m ago

Tradewindsnews

China travel curbs rub salt into tanker owners’ injury amid market woes

Spot rates in most tanker trades remain plagued by severe oversupply except for West Africa....

Trade Wind News Published 4y-3mo-1w-2d-10h-39m ago

Tradewindsnews

Global Ship Lease prices share offering and targets up to $81m in proceeds

Shipowner amp 39 s shares fell almost 13% by mid day trading in New York on Friday....

Trade Wind News Published 4y-3mo-1w-2d-13h-37m ago

Tradewindsnews

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

Clarksons Platou says modern VLCC pair bought from Awilco likely to make money soon....

Trade Wind News Published 4y-3mo-1w-2d-14h-1m ago

Tradewindsnews

The Recap: Siem loses control of Siem; scrubbers pay off; balance returning in oil

Five things you need to know in shipping news today....

Trade Wind News Published 4y-3mo-1w-2d-14h-11m ago

Tradewindsnews

Costa Smeralda hits pier in Italy, sustains minimal damage

No one was injured in the incident, parent company Carnival Corp said....

Trade Wind News Published 4y-3mo-1w-2d-14h-26m ago

Tradewindsnews

Theochari retires as Norton Rose Fulbright’s transport head after decades at helm

Industry stalwart says he does not want to be amp 39 an old guy hanging around forever amp 39 ....

Trade Wind News Published 4y-3mo-1w-2d-14h-43m ago

Tradewindsnews

Theochari retires as Norton Rose Fulbright transport head after more than a decade at helm

Industry stalwart says he does not want to be amp 39 an old guy hanging around forever amp 39 ....

Trade Wind News Published 4y-3mo-1w-2d-14h-43m ago

Tradewindsnews

Damaged Maersk boxship forced to divert after container collapse

Around 750 containers were lost from the 13,092 teu containership in the Pacific....

Trade Wind News Published 4y-3mo-1w-2d-15h-1m ago

Tradewindsnews

Ocean Yield targets additions after selling tanker to Navig8

Latest declaration of purchase option involved 2016 built MR vessel....

Trade Wind News Published 4y-3mo-1w-2d-16h-13m ago

Tradewindsnews

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

Management teams give progress report on returns as spreads move in their favour....

Trade Wind News Published 4y-3mo-1w-2d-17h-2m ago

Tradewindsnews

New Fortress Energy calculates savings on owned tonnage over chartered fleet

Chief executive Wes Edens plans to ‘turn on’ three new FSRU based Brazilian terminals before year end....

Trade Wind News Published 4y-3mo-1w-2d-17h-3m ago

Tradewindsnews

Covid-19 outbreak closes GMS Dubai offices

Severity of Covid 19 outbreak that closed cash buyer amp 39 s offices unclear....

Trade Wind News Published 4y-3mo-1w-2d-17h-41m ago

Tradewindsnews

VLGCs in freefall as tonnage builds and Aramco cancels cargoes

Rates have continued to fall, with more drops predicted in the short term....

Trade Wind News Published 4y-3mo-1w-2d-17h-44m ago

Tradewindsnews

Former marine insurance executive convicted of assaulting his girlfriend

Howard Burnell left Apollo Insurance following an assault on his then girlfriend outside his home....

Trade Wind News Published 4y-3mo-1w-2d-18h-2m ago

Tradewindsnews

P&I renewal talks to tackle ‘perfect storm’

TradeWinds business focus explores protection and indemnity clubs amp 39 efforts to balance books dented by years of premium erosion as high cost claims mount and Covid 19 moves negotiations online....

Trade Wind News Published 4y-3mo-1w-2d-18h-10m ago

Tradewindsnews

VLCC rates turn 'negative' but owners still making some money

Spot rates from Middle East assessed at $800 per day, with the market described as amp 39 pitiful amp 39 , but perhaps still profitable....

Trade Wind News Published 4y-3mo-1w-2d-18h-22m ago

Tradewindsnews

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

Newly listed shipowner rated as a amp 39 buy amp 39 by enthusiastic Clarksons Platou analysts....

Trade Wind News Published 4y-3mo-1w-2d-18h-42m ago

Tradewindsnews

Atlantska sells five bulkers to US and Chinese leasing companies

Croatian owner says AVIC and Northern Shipping have refinanced ships over three and five years....

Trade Wind News Published 4y-3mo-1w-2d-18h-49m ago

Tradewindsnews

Sir John Cass statue to be removed from City of London over slavery links

Removal comes shortly after renowned shipping school changed its name because of benefactor’s controversial history....

Trade Wind News Published 4y-3mo-1w-2d-19h-2m ago

Tradewindsnews

Libya's GNMTC concludes fleet renewal move with aframax newbuilding

Libyan state company consummates deal to buy high spec, Japanese built tanker from Greece’s Ionic Shipping....

Trade Wind News Published 4y-3mo-1w-2d-19h-53m ago

Tradewindsnews

Rebel Libyan militia said to have seized another cargoship

Security consultancy Ambrey track Sam turning back to Ras al Hilal in no sail zone....

Trade Wind News Published 4y-3mo-1w-2d-20h-59m ago

Tradewindsnews

Disputes rise at German defence club Schutzverein

Coronavirus drives disputes with force majeure declarations and crew transfer issues....

Trade Wind News Published 4y-3mo-1w-2d-21h-43m ago

Tradewindsnews

Kristian Siem loses control of Siem Offshore as banks move in

Siem Industries will see stake cut to 30% in huge $1bn debt deal with European lenders....

Trade Wind News Published 4y-3mo-1w-2d-22h-35m ago

Tradewindsnews

Schutzverein consolidates position after weathering the coronavirus storm

German marine insurer amp 39 s fortunes mirror that of wider shipping cluster....

Trade Wind News Published 4y-3mo-1w-2d-23h-23m ago

Tradewindsnews

Hong Kong's Courage Investment Group issues profit warning

Shipowner blames increases in vessel impairments and lower property values....

Trade Wind News Published 4y-3mo-1w-2d-23h-25m ago

Tradewindsnews

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

Serial entrepreneurs like Carsten Bullemer believe they can keep Hamburg’s digital maritime start up scene buzzing....

Trade Wind News Published 4y-3mo-1w-2d-23h-27m ago

Tradewindsnews

Private equity firm to help take Singapore shipbuilder private

Low trading volume of shares given as reason for plan to de list Penguin International....

Trade Wind News Published 4y-3mo-1w-3d-3h-15m ago

Tradewindsnews

Seaspan Corp raises $200m from sustainability-linked bonds

Leasing giant makes debut on Nordic fixed income marketplace as fundraiser sees ‘strong investor demand’....

Trade Wind News Published 4y-3mo-1w-3d-5h-1m ago

Tradewindsnews

Seaspan Corp raises $200m from sustainability-linked bond

Leasing giant makes debut on Nordic fixed income marketplace as fundraiser sees ‘strong investor demand’....

Trade Wind News Published 4y-3mo-1w-3d-5h-1m ago

Tradewindsnews

MSC Cruises' Vago takes CLIA helm at 'critical juncture'

Former Royal Caribbean Group executive Adam Goldstein steps down after serving two two year terms as global chairman....

Trade Wind News Published 4y-3mo-1w-3d-7h-52m ago

Tradewindsnews

Global Ship Lease announces public share offering

New York listed boxship owner has yet to price the offering....

Trade Wind News Published 4y-3mo-1w-3d-8h-8m ago

Tradewindsnews

Global Ship Lease announced public share offering

New York listed boxship owner has yet to price the offering....

Trade Wind News Published 4y-3mo-1w-3d-8h-8m ago

Tradewindsnews

Carnival sells second Pacific Princess amid fleet downsizing

Original Pacific Princess came to fame as centerpiece to 1970s show amp 39 Love Boat amp 39 ....

Trade Wind News Published 4y-3mo-1w-3d-9h-53m ago

Tradewindsnews

Diana Shipping fixes panamax bulker at below-market rate

The New York listed owner has all 37 ships on time charters except for one....

Trade Wind News Published 4y-3mo-1w-3d-10h-10m ago

Tradewindsnews

Biden's transportation pick supportive of Jones Act

Meanwhile, the Biden administration appoints a deputy maritime administrator....

Trade Wind News Published 4y-3mo-1w-3d-11h-40m ago

Tradewindsnews

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

Floating storage may play a smaller role while new US administration ushers in policy uncertainties....

Trade Wind News Published 4y-3mo-1w-3d-11h-42m ago

Tradewindsnews

Sprotte takes over ship-management role at V.Group from OSM Maritime

Former OSM man relocates to Germany to replace Thomas Kayser....

Trade Wind News Published 4y-3mo-1w-3d-12h-21m ago

Tradewindsnews

Sprotte takes over shipmanagement role at V.Group from OSM Maritime

Former OSM man relocates to Germany to replace Thomas Kayser....

Trade Wind News Published 4y-3mo-1w-3d-12h-21m ago

Tradewindsnews

The Recap: Box rates surge, scrap prices plummet and DHT swoops

Five essential shipping stories on 21 January 2021....

Trade Wind News Published 4y-3mo-1w-3d-12h-35m ago

Tradewindsnews

Warning shot from MSC boxship deters Nigerian pirates

Armed personnel force skiff to retreat in incident in Gulf of Guinea on Thursday....

Trade Wind News Published 4y-3mo-1w-3d-16h-21m ago

Tradewindsnews

DHT Holdings swoops on Awilco scrubber-fitted VLCC pair for $136m

New York listed owner pays firm price for modern DSME built tankers....

Trade Wind News Published 4y-3mo-1w-3d-17h-7m ago

Tradewindsnews

Insurer Alandia offers mental health support to seafarers

New joint project aims to support crew mental health through education and training....

Trade Wind News Published 4y-3mo-1w-3d-17h-41m ago

Tradewindsnews

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

Law firm says pioneering offshore vessel refinancing meant finding new ways of resolving complex legal issues....

Trade Wind News Published 4y-3mo-1w-3d-18h-39m ago

Tradewindsnews

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

Price of shipping a container has never been so high....

Trade Wind News Published 4y-3mo-1w-3d-18h-47m ago

Tradewindsnews

US Gulf tops OSV lay-up list, but stacking seen again in North Sea

Owners have taken three vessels out of the European market this year, with just nine anchor handlers remaining in the UK....

Trade Wind News Published 4y-3mo-1w-3d-18h-47m ago

Tradewindsnews

Alphatanker expects over 90 tankers scrapped amid ‘perfect storm’ in 2021

Weak tanker markets and regulatory pressure would trigger more recycle activity, research unit says....

Trade Wind News Published 4y-3mo-1w-3d-18h-48m ago

Tradewindsnews

Intercargo and RightShip bury the hatchet with new dry bulk standards

New non governmental organisation to oversee governance of ship management guidelines branded as DryBMS....

Trade Wind News Published 4y-3mo-1w-3d-18h-59m ago

Tradewindsnews

Sovcomflot confirms LNG newbuildings deal with Total

Russian shipowner inks time charter for up to seven years on single ship with options for two more vessels....

Trade Wind News Published 4y-3mo-1w-3d-19h-10m ago

Tradewindsnews

European player contracts Havyard to develop hydrogen vessel

Norwegian shipyard group tasked with new design concept for emissions free shipping....

Trade Wind News Published 4y-3mo-1w-3d-19h-50m ago

Tradewindsnews

Stolt-Nielsen orders low-water tanker for BASF charter

Norwegian group develops new ship capable of coping with extreme changes in Rhine levels....

Trade Wind News Published 4y-3mo-1w-3d-20h-44m ago

Tradewindsnews

Weak tanker market prompts Tufton Oceanic to quit crude sector

But UK shipping fund was surprised by speed of containership recovery that boosted fourth quarter profit....

Trade Wind News Published 4y-3mo-1w-3d-21h-41m ago

Tradewindsnews

West of England insists diversification pays as investments show return

Chief executive Tom Bowsher says a strategy to widen its income streams has been successful....

Trade Wind News Published 4y-3mo-1w-3d-21h-43m ago

Tradewindsnews

MOL launches $39m fund for shipping tech start-ups

Investment company was the brainchild of executive Takuya Sakamoto after submission in employee proposal system....

Trade Wind News Published 4y-3mo-1w-3d-22h-48m ago

Tradewindsnews

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

Ship recycling cash buyer GMS moved the former Delhi team to Odisha, close to the Bay of Bengal, but the side is struggling at the bottom of the league....

Trade Wind News Published 4y-3mo-1w-3d-23h-29m ago

Tradewindsnews

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

Global Chartering’s new bulkers will likely ship iron ore to Essar Steel’s plants in India....

Trade Wind News Published 4y-3mo-1w-3d-23h-30m ago

Tradewindsnews

DAL/JTE offloads feeder line UAFL to European fund

German owner sheds Indian Ocean operator in deal with Luxembourg investor....

Trade Wind News Published 4y-3mo-1w-3d-23h-30m ago

Tradewindsnews

Castor Maritime moves up a league with debut capesize purchase

Petros Panagiotidis led owner says it is currently an opportune time to move to larger dry bulk sizes....

Trade Wind News Published 4y-3mo-1w-4d-1h-30m ago

Tradewindsnews

Scrap prices fall sharply as negotiations grind to a halt

Polaris VLOC deal believed to have gone ahead as cash buyers scratch their heads over amp 39 shocking amp 39 price decline....

Trade Wind News Published 4y-3mo-1w-4d-2h-6m ago

Tradewindsnews

Scrap price fall sharply as negotiations grind to a halt

Polaris VLOC deal believed to have gone ahead as cash buyers scratch their heads over “shocking” price decline....

Trade Wind News Published 4y-3mo-1w-4d-2h-6m ago

Tradewindsnews

KPMG puts four Xihe chemical and product tankers on the auction block

Receivers give tanker suitors second opportunity to buy modern chemical tankers, provided the price is right.....

Trade Wind News Published 4y-3mo-1w-4d-3h-14m ago

Tradewindsnews

Fidelity leads $2trn investor group seeking crewing crisis solution

Hong Kong based investor says it is actively engaging with relevant companies in the shipping sector....

Trade Wind News Published 4y-3mo-1w-4d-5h-20m ago

Tradewindsnews

Fidelity leads $2 trillion investor group seeking crewing crisis solution

Hong Kong based investor says it is actively engaging with relevant companies in the shipping sector....

Trade Wind News Published 4y-3mo-1w-4d-5h-20m ago

Tradewindsnews

MSC latest to be hit with patent infringement lawsuit

MSC joins Maersk, Hapag Lloyd and CMA CGM as targets for Transcend Shipping Systems....

Trade Wind News Published 4y-3mo-1w-4d-9h ago

Tradewindsnews

When could fleet renewal turn to growth? Eagle's Vogel talks vessel buys

Fresh off buys of three Scorpio Bulkers ultramaxes, Connecticut owner amp 39 s CEO says some want more acquisitions....

Trade Wind News Published 4y-3mo-1w-4d-9h-15m ago

Tradewindsnews

Saga Cruises requiring passengers to be Covid-vaccinated

Cruise majors have yet to finalise their Covid 19 mitigation plans....

Trade Wind News Published 4y-3mo-1w-4d-10h-7m ago

Tradewindsnews

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

Looking further ahead, the panel predicted that inefficient trades will add to tonne mile demand and boost their business....

Trade Wind News Published 4y-3mo-1w-4d-11h-54m ago

Tradewindsnews

Up to 750 containers lost from Maersk boxship in Pacific storm

Danish liner giant confirms second major container loss incident in the Pacific in recent months....

Trade Wind News Published 4y-3mo-1w-4d-12h-5m ago

Tradewindsnews

CSSC Shipping shares jump on positive profit forecast amid rapid expansion

Hong Kong listed leasing arm of China State Shipbuilding Corp rides on more profits from shipping ventures....

Trade Wind News Published 4y-3mo-1w-4d-12h-32m ago

Tradewindsnews

Genco boss Wobensmith spins benefits of massive 'Prexit' by core shareholders

New York dry owner amp 39 s investor roster looks a lot different from the picture in early December....

Trade Wind News Published 4y-3mo-1w-4d-12h-43m ago

Tradewindsnews

Genco boss Wobensmith speaks on massive 'Prexit' by core shareholders

New York dry owner amp 39 s investor roster looks a lot different from the picture in early December....

Trade Wind News Published 4y-3mo-1w-4d-12h-43m ago

Tradewindsnews

Great Eastern duo continues growth of Scorpio Group's LR2 pool

Monaco based outfit pushes total to 48 with Indian company amp 39 s entry as partner....

Trade Wind News Published 4y-3mo-1w-4d-15h-45m ago

Tradewindsnews

GEV signs deal with Pacific Hydro to explore hydrogen shipping

Australian pioneer working with power producer on terms of green gas offtake....

Trade Wind News Published 4y-3mo-1w-4d-15h-57m ago

Tradewindsnews

Mats Berglund to retire as head of Pacific Basin Shipping

Executive director and chief executive will be succeeded by the current head of Ultragas....

Trade Wind News Published 4y-3mo-1w-4d-16h-42m ago

Tradewindsnews

Biden inauguration should prove a tipping point for green shipping

That the US is aligning with China and the European Union on climate change will be a game changer in driving decarbonisation....

Trade Wind News Published 4y-3mo-1w-4d-16h-43m ago

Tradewindsnews

Shipping should work for an end to US unilateral sanctions

At the top of the lobbying list for shipping, international trade, and finance should be an end to unilateral trading sanctions....

Trade Wind News Published 4y-3mo-1w-4d-16h-44m ago

Tradewindsnews

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

In a further sign of public markets thawing for shipping companies, shipowner and terminal operator files registration request for an initial public offering in the US....

Trade Wind News Published 4y-3mo-1w-4d-16h-45m ago

Tradewindsnews

VLGCs hammered again as rates plunge $33,000 in a week

Disappearing arbitrage plays hit spot earnings for big gas carriers....

Trade Wind News Published 4y-3mo-1w-4d-17h-19m ago

Tradewindsnews

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

Analysts, brokers and owners say savvy trading is required, with prospects bleak in the short term....

Trade Wind News Published 4y-3mo-1w-4d-18h-40m ago

Tradewindsnews

Are negative tanker rates hypothetical in most cases?

Broking source explains the ins and outs of earnings calculations....

Trade Wind News Published 4y-3mo-1w-4d-18h-40m ago

Tradewindsnews

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

VesselsValue says market recovery spurred transactions for dry cargo tonnage in the latter part of last year....

Trade Wind News Published 4y-3mo-1w-4d-18h-40m ago

Tradewindsnews

TFG Marine expands with deal to buy bunker capacity at UK hub

Trafigura and Fredriksen venture moves into Falmouth, with plans to add more barges....

Trade Wind News Published 4y-3mo-1w-4d-19h-2m ago

Tradewindsnews

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

Half of shipowners polled at webinar said they are likely to use power limitation to meet upcoming EEXI greenhouse gas regulation....

Trade Wind News Published 4y-3mo-1w-4d-19h-12m ago

Tradewindsnews

Maersk looking to order first green-fuel baby boxships within three years

Liner giant believes ammonia, methanol or ethanol most likely fuels for its first new zero emission ships, CEO Soren Skou tells climate change podcast....

Trade Wind News Published 4y-3mo-1w-4d-19h-24m ago

Tradewindsnews

Gunmen 'destroy' vessel in attack on new Nigerian shipyard

Militants throw petrol bombs and fire shots at Norfin Offshore facility in Akwa Ibom....

Trade Wind News Published 4y-3mo-1w-4d-20h-46m ago

Tradewindsnews

Virtual renewal to hit owners with very real rate rises

Tension between clubs and their shipowner members is expected as the pandemic also forces negotiations to move from boardrooms to homes....

Trade Wind News Published 4y-3mo-1w-4d-21h-40m ago

Tradewindsnews

'Last resort': PIL warns creditors ahead of key restructuring vote

Singapore container line trying to convince investors to back $600m refinancing plan....

Trade Wind News Published 4y-3mo-1w-4d-22h-11m ago

Tradewindsnews

Affinity buyout of Grieg Asian bulk operations ‘highly amicable’

Richard Fulford Smith opens up about Affinity’s Asian expansion through Grieg deal and new venture with Flaship....

Trade Wind News Published 4y-3mo-1w-4d-22h-18m ago

Tradewindsnews

Navigator launches first carbon-neutral voyage with handysize LPG ship

US listed owner offsets CO2 generated by Atlantic trip for Sunoco....

Trade Wind News Published 4y-3mo-1w-4d-22h-36m ago

Tradewindsnews

Shandong Shipping continues expansion path with kamsarmax order at DSIC

Chinese newbuildings will comply with Phase 2 of the EEDI standard....

Trade Wind News Published 4y-3mo-1w-4d-22h-49m ago

Tradewindsnews

Leading P&I mutuals continue to register fixed premium growth

Figures indicate that the non mutual market is a key growth area as leading P amp I clubs look to diversify income streams....

Trade Wind News Published 4y-3mo-1w-4d-23h-32m ago

Tradewindsnews

Kostas Angelou linked to new VLGC order at Hyundai Heavy

Angelou is said to be spending some $150m to build two dual fuel VLGCs but his Benelux Overseas denies it is involved in talks....

Trade Wind News Published 4y-3mo-1w-4d-23h-34m ago

Tradewindsnews

New Greek capesize deal sees Minerva Marine pick up GNMTC’s only bulker

Libyan company said to be offloading the Jabal Nafusa — a legacy of the Gaddafi era....

Trade Wind News Published 4y-3mo-1w-4d-23h-34m ago

Tradewindsnews

Seaspan looks to raise funds with sustainability-linked bond

Container leasing firm follows hot on the heels of Odfjell, who last week sold shipping’s first SLB....

Trade Wind News Published 4y-3mo-1w-5d-1h-16m ago

Tradewindsnews

Zim aims to raise up to $382m in upcoming New York listing

The company has set IPO pricing expectations at between $16 and $19 per share....

Trade Wind News Published 4y-3mo-1w-5d-2h-38m ago

Tradewindsnews

Zim aims to raise up to $382m in New York listing

Israeli containership operator has set IPO pricing expectations at between $16 and $19 per share....

Trade Wind News Published 4y-3mo-1w-5d-2h-38m ago

Tradewindsnews

Rio Tinto looks to ship more iron ore to China

Australian mining giant claims China amp 39 s buying remains robust despite ongoing impacts from Covid 19 in some regions....

Trade Wind News Published 4y-3mo-1w-5d-4h-46m ago

Tradewindsnews

Petronas homes in on shipbuilder for LNG Canada newbuildings

Malaysian state energy giant progresses talks with two yards in Asia....

Trade Wind News Published 4y-3mo-1w-5d-5h-11m ago

Tradewindsnews

KSS Line makes first dual-fuel move with VLGC order at Hyundai Heavy

South Korean shipowner orders gas carrier against five year charter from Thailand amp 39 s PTT....

Trade Wind News Published 4y-3mo-1w-5d-5h-11m ago

Tradewindsnews

Imabari continues dramatic growth with major JMU share acquisition

Japan’s largest shipbuilder now owns 30% of JMU as part of a cooperation pact that started this year....

Trade Wind News Published 4y-3mo-1w-5d-8h-42m ago

Tradewindsnews

US government commissions two more seafarer training ships

Once completed, the ships will be headed to Maine and Texas....

Trade Wind News Published 4y-3mo-1w-5d-9h-45m ago

Tradewindsnews

US hits out at Venezuela again, with six ships caught in its sights

The ships and companies were blacklisted alongside others the US said constitutes a network to evade its sanctions....

Trade Wind News Published 4y-3mo-1w-5d-10h-57m ago

Tradewindsnews

Navig8, Maersk Tankers charters in period MR tonnage in weak rate environment

Trafigura also takes a third newbuilding tanker on time charter from Norden this month, say brokers....

Trade Wind News Published 4y-3mo-1w-5d-11h-8m ago

Tradewindsnews

Navig8 and Maersk Tankers charter in period MR tonnage in weak rate environment

Trafigura also takes a third newbuilding tanker on time charter from Norden this month, according to brokers....

Trade Wind News Published 4y-3mo-1w-5d-11h-8m ago

Tradewindsnews

VLGC rates set to hold strong in 2021 as market inefficiencies roll on

Panama Canal delays and dry dockings will offset any risk from a decline in US LPG production, Poten says....

Trade Wind News Published 4y-3mo-1w-5d-11h-48m ago

Tradewindsnews

ICTSI completes expansion of Manila boxship terminal

Rates approach $40,000 per day amid boxship market boom....

Trade Wind News Published 4y-3mo-1w-5d-12h-10m ago

Tradewindsnews

Norwegian further extends fleet suspension amid CDC rules

New York listed Norwegian Cruise Line Holdings will keep ships idle through April....

Trade Wind News Published 4y-3mo-1w-5d-13h-15m ago

Tradewindsnews

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

Noble Capital owners amp 39 panel cite an increase in interest, but structural impediments remain in the way....

Trade Wind News Published 4y-3mo-1w-5d-13h-34m ago

Tradewindsnews

Royal Caribbean Group to sell Azamara brand for $201m

Sycamore Partners is planning a amp 39 seamless transition amp 39 in taking over the line....

Trade Wind News Published 4y-3mo-1w-5d-13h-43m ago

Tradewindsnews

More than 80% of firms investing in supply chain overhaul due to Covid-19

Companies looking to spend heavily on reconfiguring their supply chains amid confidence of post pandemic trade recovery, DP World survey says....

Trade Wind News Published 4y-3mo-1w-5d-14h-35m ago

Tradewindsnews

More than 80% of firms invest in supply chain overhaul due to Covid-19

Companies look to spend heavily on reconfiguring their supply chains amid confidence of post pandemic trade recovery, DP World survey says....

Trade Wind News Published 4y-3mo-1w-5d-14h-35m ago

Tradewindsnews

Scorpio Bulkers parts with two more lease-financed ultramaxes for $35m

Pair listed under ownership of China amp 39 s Avic Leasing go in en bloc deal.....

Trade Wind News Published 4y-3mo-1w-5d-14h-43m ago

Tradewindsnews

CMA and SHIPPINGInsight together again for North American Shipping Week

The event is planned to be both online and in person....

Trade Wind News Published 4y-3mo-1w-5d-15h-21m ago

Tradewindsnews

Portline Bulk linked to sale of only capesize

Portuguese shipowner also reported to have sold two smaller bulkers....

Trade Wind News Published 4y-3mo-1w-5d-15h-23m ago

Tradewindsnews

Fuel price spread to offer more incentives to install scrubbers in 2021

But shipowners may not come back to order exhaust gas cleaning system in droves due to regulatory pressure....

Trade Wind News Published 4y-3mo-1w-5d-15h-25m ago

Tradewindsnews

EGD expands in chemical tankers with purchase of Japanese duo

Norwegian shipowner buys two ships that had been in the fleet of Alberta Shipmanagement....

Trade Wind News Published 4y-3mo-1w-5d-17h-49m ago

Tradewindsnews

Diplomat to step up Denmark's fight against piracy

Experienced ambassador Jens Otto Horslund tasked with gaining support for international military force in Gulf of Guinea....

Trade Wind News Published 4y-3mo-1w-5d-17h-54m ago

Tradewindsnews

Arc7 LNG carrier damaged on Northern Sea Route winter voyage

Teekay and China LNG Shipping Holdings controlled vessel is continuing without assistance but repairs likely needed....

Trade Wind News Published 4y-3mo-1w-5d-18h-6m ago

Tradewindsnews

Cyprus enacts tonnage tax cuts for good climate performers

Mediterranean jurisdiction to woo shipping players with discounts of up to 30%....

Trade Wind News Published 4y-3mo-1w-5d-18h-24m ago

Tradewindsnews

Brexit customs chaos likely to build as traffic starts to grow

Forwarding group DP Schenker among transport firms suspending shipments between the UK and EU....

Trade Wind News Published 4y-3mo-1w-5d-18h-52m ago

Tradewindsnews

Charter rates for large boxships breach $40,000 per day

Seamax secures top rate as owners push for three to five year deals....

Trade Wind News Published 4y-3mo-1w-5d-18h-53m ago

Tradewindsnews

FSL Trust sells 2007-built MR tanker in continued asset disposals

The Singapore listed trust reportedly sells FSL Osaka for more than $11m....

Trade Wind News Published 4y-3mo-1w-5d-18h-53m ago

Tradewindsnews

FSL Trust said to have sold 2007-built MR tanker, but deal not finalised

The Singapore listed trust reportedly sells FSL Osaka for more than $11m....

Trade Wind News Published 4y-3mo-1w-5d-18h-53m ago

Tradewindsnews

Global dry markets propel growth of EEX towards record year

German clearing house and exchange reports tenfold increase in dry freight business....

Trade Wind News Published 4y-3mo-1w-5d-19h-4m ago

Tradewindsnews

Gunvor claims flexible first for Commonwealth LNG offtake tender

Swiss trader says bids are being invited for 8.4m tonnes per annum of gas from Commonwealth LNG in the US....

Trade Wind News Published 4y-3mo-1w-5d-19h-38m ago

Tradewindsnews

BAR Technologies wind sail to be fitted to kamsarmax bulker in 36-month test

Carbon cutting project that aims to remove 99% of greenhouse gas emissions will test BAR Technologies amp 39 system....

Trade Wind News Published 4y-3mo-1w-5d-19h-49m ago

Tradewindsnews

Avance Gas could save $5,000 per day with new dual-fuel VLGCs

Fearnley Securities crunches the numbers on newbuildings, but warns over dividend levels....

Trade Wind News Published 4y-3mo-1w-5d-20h-30m ago

Tradewindsnews

World Fuel Services protects cruiseship bunker claims against Carnival bid

Bunker supplier succeeds in preserving payouts for interest and costs in case involving ex CMV vessels at UK Admiralty Court....

Trade Wind News Published 4y-3mo-1w-5d-21h-39m ago

Tradewindsnews

OOCL reveals 51% revenue jump as volumes soared in fourth quarter

Figures from Hong Kong line are first concrete indication of effect of boxship boom at the end of 2020....

Trade Wind News Published 4y-3mo-1w-5d-22h-8m ago

Tradewindsnews

Mediterranean Shipping Co to cover costs after Maersk boxship disabled by fire

Maersk Elba being repaired in Spain as Swiss partner wants to avoid general average....

Trade Wind News Published 4y-3mo-1w-5d-22h-26m ago

Tradewindsnews

Mysterious 'ghost ship' washes up on Taiwanese rocks

Coastguard trying to identify a cargo vessel that may have broken a tow rope off the Penghu Islands....

Trade Wind News Published 4y-3mo-1w-5d-22h-59m ago

Tradewindsnews

Iranian courts to decide fate of seized South Korean tanker Hankuk Chemi

Securing release of seized ship could put owner and operator at risk of breaking US sanctions....

Trade Wind News Published 4y-3mo-1w-5d-23h-7m ago

Tradewindsnews

Stale Hansen looks to shape Skuld into P&I club of the future

Chief executive wants a diverse business, with strong ESG principles and new working practices to emerge from the pandemic....

Trade Wind News Published 4y-3mo-1w-5d-23h-26m ago

Tradewindsnews

Sinokor puts two VLCCs on sales block amid drive to offload large tankers

Pair of 2005 built ships up for sale after year that saw South Korean shipowner offload nine large tankers....

Trade Wind News Published 4y-3mo-1w-5d-23h-27m ago

Tradewindsnews

Low-profile Olympos Shipmanagement takes in slew of bulkers in Greece

Market players link Middle Eastern interests behind new, secretive management company that has appeared in Athens....

Trade Wind News Published 4y-3mo-1w-5d-23h-27m ago

Tradewindsnews

Buana Lintas Lautan swoops on Maersk chemical tanker quartet

Enbloc deal could see ice classed chemical tankers to move to the warm waters of the Indonesian archipelago....

Trade Wind News Published 4y-3mo-1w-6d-1h-12m ago

Tradewindsnews

Singapore to vaccinate 10,000 frontline maritime personnel

Some 700 people have already had their jabs with city state hoping to complete effort by late January....

Trade Wind News Published 4y-3mo-1w-6d-1h-52m ago

Tradewindsnews

Singapore to vaccinate 10,000 front-line maritime personnel

About 700 people have been inoculated with city state hoping to complete effort by late January....

Trade Wind News Published 4y-3mo-1w-6d-1h-52m ago

Tradewindsnews

Japanese bulker yards pin recovery hopes on efficiency edge

Bulk carrier builders believe environmental advantage can help make them competitive again....

Trade Wind News Published 4y-3mo-1w-6d-4h-50m ago

Tradewindsnews

Teekay set to scrap North Sea FPSO in Denmark

Tanker owning giant says US owned group selected following competitive tender process....

Trade Wind News Published 4y-3mo-1w-6d-4h-51m ago

Tradewindsnews

Eastern Pacific Shipping cashes in on strong containership market

Sales of older ships in line with the company amp 39 s strategic plans....

Trade Wind News Published 4y-3mo-1w-6d-10h-7m ago

Tradewindsnews

Sovcomflot expands Northern Sea Route transit season as LNG carrier completes Arctic leg

Russian shipowner says vessel’s laden voyage east expands navigation season by up to two months....

Trade Wind News Published 4y-3mo-1w-6d-15h-10m ago

Tradewindsnews

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

Analysts say container vessels still on strong run as activity remains high....

Trade Wind News Published 4y-3mo-1w-6d-16h-16m ago

Tradewindsnews

Golar LNG and Black & Veatch back blue ammonia as transition fuel

Partners flag up the potential for floating production in first of series of papers....

Trade Wind News Published 4y-3mo-1w-6d-16h-19m ago

Tradewindsnews

Scrubber savings rise to $5,000 per day as 40% of VLCCs set to be retrofitted

Gibson Shipbrokers has some good news for under pressure tanker owners who invested in exhaust gas cleaning systems....

Trade Wind News Published 4y-3mo-1w-6d-16h-46m ago

Tradewindsnews

Belships sells supramax in fleet-renewal move

One of the oldest vessels brought in from Lighthouse takeover finds Asian buyer....

Trade Wind News Published 4y-3mo-1w-6d-16h-57m ago

Tradewindsnews

Nordic Shipholding eyes merger as it finally sells handysize tanker

Danish shipowner looks to the future after stretching loan maturity for another year....

Trade Wind News Published 4y-3mo-1w-6d-17h-38m ago

Tradewindsnews

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

Expensive wreck removals are also starting to cause tension between insurers and salvors....

Trade Wind News Published 4y-3mo-1w-6d-18h-44m ago

Tradewindsnews

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

Brokers and underwriters are confident of getting through renewal negotiations despite pandemic....

Trade Wind News Published 4y-3mo-1w-6d-18h-47m ago

Tradewindsnews

Avance Gas books another pair of dual-fuel VLGCs at DSME

John Fredriksen controlled owner adds two more eco gas carriers to its series at South Korean shipyard....

Trade Wind News Published 4y-3mo-1w-6d-19h-26m ago

Tradewindsnews

Marios Iliopoulos makes quick profit on cruiseship scrap sale

Greek shipowner doubles his money as he flips former CMV cruiseship bought at auction to Indian ship breakers....

Trade Wind News Published 4y-3mo-1w-6d-19h-46m ago

Tradewindsnews

Norton Rose Fulbright includes 19 lawyers among 132 redundancies

Firm being reorganised into six amp 39 core pillars amp 39 to meet amp 39 profound change amp 39 in legal industry....

Trade Wind News Published 4y-3mo-1w-6d-19h-56m ago

Tradewindsnews

Norton Rose Fulbright includes 19 lawyers among 132 EMEA redundancies

Firm being reorganised into six amp 39 core pillars amp 39 to meet amp 39 profound change amp 39 in legal industry....

Trade Wind News Published 4y-3mo-1w-6d-19h-56m ago

Tradewindsnews

Singapore court green lights PetroChina cases against Ocean Tankers-chartered ships

High Court judge throws out Ocean Tankers amp 39 request to toss out writs filed against individual vessels....

Trade Wind News Published 4y-3mo-1w-6d-20h-23m ago

Tradewindsnews

Yards to face uphill battle on first-quarter newbuildings

Brokers tally 2020 totals and say early part of this year likely to be all about boxships....

Trade Wind News Published 4y-3mo-1w-6d-21h-32m ago

Tradewindsnews

MOL rejects claim fuel oil played a part in Wakashio disaster

Charterer says the ship did not suffer from fuel related mechanical problems prior to grounding....

Trade Wind News Published 4y-3mo-1w-6d-21h-49m ago

Tradewindsnews

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

Colombian authorities discovered 1.5 tonnes of cocaine on the Dusseldorf Express at Cartegena....

Trade Wind News Published 4y-3mo-1w-6d-21h-55m ago

Tradewindsnews

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

US based classification society expects the fuel to play an important role in cutting shipping emissions....

Trade Wind News Published 4y-3mo-1w-6d-22h-6m ago

Tradewindsnews

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

The New Times Shipbuilding constructed ship can also be converted to burn LNG....

Trade Wind News Published 4y-3mo-1w-6d-22h-28m ago

Tradewindsnews

Three dead as Ukrainian cargoship breaks in two off Turkey

Arvin had tried to seek refuge from storm in port of Bartin....

Trade Wind News Published 4y-3mo-1w-6d-22h-42m ago

Tradewindsnews

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

Crew health expert says P amp I clubs have a role to play in helping get seafarers through the virus crisis....

Trade Wind News Published 4y-3mo-1w-6d-23h-23m ago

Tradewindsnews

VLCCs fleeing sanctions swell Djibouti shipping flag

An unexpected flag state has made its debut after a series of elderly and controversial VLCCs unfurled the Djibouti colours....

Trade Wind News Published 4y-3mo-1w-6d-23h-25m ago

Tradewindsnews

International Group stays calm over eye-watering casualty bill

No need for panic despite expensive claims and concerns about higher reinsurance costs....

Trade Wind News Published 4y-3mo-1w-6d-23h-25m ago

Tradewindsnews

Maersk Line urges action over West Africa piracy surge

Liner giant says it is unacceptable that seafarers cannot perform their jobs without having to worry about such risks....

Trade Wind News Published 4y-3mo-2w-1h-20m ago

Tradewindsnews

Korea Fair Trade Commission appeals suspension of ruling on GTT

French membrane type containment system designer’s case moves to South Korea’s Supreme Court....

Trade Wind News Published 4y-3mo-2w-2h-5m ago

Tradewindsnews

Evermore Global slashes stakes in Genco Shipping and Scorpio Bulkers

Contrarian fund amp 39 s disposals mean the top four financial holders have taken hatchet to their Genco holdings....

Trade Wind News Published 4y-3mo-2w-2d-8h-24m ago

Tradewindsnews

Crude tanker market bloodbath as shipowners face negative returns

TD3C benchmark plummets to record low amid limited shipping demand following Saudi cut....

Trade Wind News Published 4y-3mo-2w-2d-10h-30m ago

Tradewindsnews

Crude tanker market in bloodbath as shipowners face negative returns

TD3C benchmark plummets to record low amid limited shipping demand following Saudi cut....

Trade Wind News Published 4y-3mo-2w-2d-10h-30m ago

Tradewindsnews

IRISL hit with more sanctions, chief executive blacklisted

The move comes in the closing days of the Trump administration....

Trade Wind News Published 4y-3mo-2w-2d-11h-17m ago

Tradewindsnews

Buzby steps down from MarAd role after Capitol riots

Buzby said he can no longer serve amp 39 while remaining true to his values amp 39 ....

Trade Wind News Published 4y-3mo-2w-2d-12h-8m ago

Tradewindsnews

Capesize spot rates hit three-month high amid futures rally

The paper market rebounded on Friday after pulling back for a few days....

Trade Wind News Published 4y-3mo-2w-2d-12h-11m ago

Tradewindsnews

Cleaves Securities expects bulker stocks to finally close gap with NAV this year

Short term will see amp 39 minor amp 39 , temporary downside for dry bulk equities, which are Cleaves amp 39 top shipping pick, says head of research....

Trade Wind News Published 4y-3mo-2w-2d-14h-32m ago

Tradewindsnews

Port of LA's holiday volumes double amid 'Covid cargo crunch'

Carriers have joined forces to keep up with volumes, according to World Shipping Council....

Trade Wind News Published 4y-3mo-2w-2d-15h-4m ago

Tradewindsnews

Wallem chief executive Frank Coles resigns for unspecified crew welfare role

Outspoken and much travelled industry figure leaves Hong Kong shipmanager to get involved in promoting seafarers rights....

Trade Wind News Published 4y-3mo-2w-2d-15h-33m ago

Tradewindsnews

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

IMO, RightShip and Sea Cargo Charter are starting to influence shipowners amp 39 investment decisions....

Trade Wind News Published 4y-3mo-2w-2d-16h-34m ago

Tradewindsnews

Eidesvik Offshore and Golden Energy scoop wind farm charters

Norwegian owners continuing to secure work in the renewables sector....

Trade Wind News Published 4y-3mo-2w-2d-16h-45m ago

Tradewindsnews

Polaris sells last two veteran VLOCs for demoltion

Otfit scrapped 13 units last year....

Trade Wind News Published 4y-3mo-2w-2d-16h-55m ago

Tradewindsnews

Newport Shipping gives ship repair a digital overhaul

New portal launched alongside measures to address limited finance in ship repair sector....

Trade Wind News Published 4y-3mo-2w-2d-17h-53m ago

Tradewindsnews

Danica's Jensen warns new crew change crisis may be as bad as last spring

Crewing services company boss says cancelled flights are an increasing problem in renewed lockdowns....

Trade Wind News Published 4y-3mo-2w-2d-18h-7m ago

Tradewindsnews

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

Marine insurance has come a long way from Lloyd amp 39 s Coffee House. Landmark new products have taken a cue from a surprising sector — farming....

Trade Wind News Published 4y-3mo-2w-2d-18h-50m ago

Tradewindsnews

Two bulkers report suspicious approaches in Gulf of Aden

Incidents occurred within a few miles of each other on consecutive days....

Trade Wind News Published 4y-3mo-2w-2d-18h-55m ago

Tradewindsnews

Ending tanker attacks more complicated than electing Biden

The incoming US President Joe Biden is expected to try to cool US tensions with Iran — but doing it might not be simple....

Trade Wind News Published 4y-3mo-2w-2d-19h-5m ago

Tradewindsnews

'Symptoms not causes' of piracy being tackled in Gulf of Guinea

Security company Ambrey calls for more concerted action to lower threat levels....

Trade Wind News Published 4y-3mo-2w-2d-19h-13m ago

Tradewindsnews

Awilco breaks its own charter rate record on LNG carrier fixture

Traders and producers hoover up remaining open vessels for early March US loading dates....

Trade Wind News Published 4y-3mo-2w-2d-19h-14m ago

Tradewindsnews

VLGC rate surge reverses as product margins tighten

Short term prospects weaker, but analysts more optimistic over the long run....

Trade Wind News Published 4y-3mo-2w-2d-20h-58m ago

Tradewindsnews

Shoreline keeps lid on rates at Athens Blue War Card renewal

Bermuda based mutual has also won additional Covid 19 related benefits despite hardening market....

Trade Wind News Published 4y-3mo-2w-2d-21h-43m ago

Tradewindsnews

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

Greek and German companies have snapped up container vessels in sale and leaseback deals....

Trade Wind News Published 4y-3mo-2w-2d-22h-3m ago

Tradewindsnews

Armed robbery against ships remains a serious concern in Asia

One third of robbery attempts took place in the Singapore Strait....

Trade Wind News Published 4y-3mo-2w-2d-22h-19m ago

Tradewindsnews

Two dead after gas leak on BW Offshore FPSO

Ivory Coast accident occurred in cargo tank of Espoir Ivorien....

Trade Wind News Published 4y-3mo-2w-2d-22h-27m ago

Tradewindsnews

Shiploader fire knocks out berth at Vale terminal in Brazil

Rest of Ponta da Madeira facility operational after blaze on Thursday....

Trade Wind News Published 4y-3mo-2w-2d-23h-9m ago

Tradewindsnews

Fujairah bank arrests another GP Global tanker as auction fails

The court auction of one bunkering tanker from the fleet of GP Global has failed and another has joined it in arrest....

Trade Wind News Published 4y-3mo-2w-2d-23h-16m ago

Tradewindsnews

Japan sees first woman appointed as CEO of container terminal

APM Terminals recruits Sakura Kuma to support the company’s business growth in Japan....

Trade Wind News Published 4y-3mo-2w-3d-1h ago

Tradewindsnews

APM appoints Japan's first female container terminal CEO

Sakura Kuma recruited to support the company’s domestic business growth....

Trade Wind News Published 4y-3mo-2w-3d-1h ago

Tradewindsnews

Cape Providence goes under the hammer in South Africa for a hefty $18.1m

Hot demand for tonnage sees some capsize bulkers sell at higher than estimated pricing levels....

Trade Wind News Published 4y-3mo-2w-3d-2h-42m ago

Tradewindsnews

Cape Providence auctioned in South Africa for a hefty $18.1m

Hot demand for tonnage sees some capesize bulkers sell at higher than estimated prices....

Trade Wind News Published 4y-3mo-2w-3d-2h-42m ago

Tradewindsnews

Japan's shipping banks confident in face of growing competition

Tokyo city banks still have a strong appetite for ship finance deals despite indications the market could be turning against them....

Trade Wind News Published 4y-3mo-2w-3d-5h-5m ago

Tradewindsnews

Shell tops list of Singapore’s bunker suppliers in 2020

Oil major top dog in world’s largest bunker market as sales jump to three year high....

Trade Wind News Published 4y-3mo-2w-3d-5h-10m ago

Tradewindsnews

Affinity buys Grieg Asia in major Asian capesize chartering push

Takeover gives Richard Fulford Smith led company its first presence in China....

Trade Wind News Published 4y-3mo-2w-3d-6h-31m ago

Tradewindsnews

Navios Acquisition sells 17-year-old VLCC at strong price despite weak freight market

Angeliki Frangou led owner disposes vintage asset while taking delivery of newbuilding tankers....

Trade Wind News Published 4y-3mo-2w-3d-10h-27m ago

Tradewindsnews

Palau asks Venezuela to look into scrapped tanker voyage

The Pacific island nation sent a letter to Venezuela asking it to look into the mysterious voyage....

Trade Wind News Published 4y-3mo-2w-3d-10h-51m ago

Tradewindsnews

Palau asks Venezuela to investigate true identity of tanker

Pacific island nation claims VLCC may have used false AIS signal to mask name....

Trade Wind News Published 4y-3mo-2w-3d-10h-51m ago

Tradewindsnews

BP decries ‘baseless’ claim its fuel supply was linked to Wakashio disaster

Energy major confirms supply of VLSFO to Japanese bulker but stresses the fuel met industry standards....

Trade Wind News Published 4y-3mo-2w-3d-14h-18m ago

Tradewindsnews

Astaara expands following West of England investment

Cyber risk and insurance specialist takes on more staff members to meet growing demand....

Trade Wind News Published 4y-3mo-2w-3d-15h-27m ago

Tradewindsnews

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

Seafarers love reading TradeWinds. But while dancing ....

Trade Wind News Published 4y-3mo-2w-3d-16h-27m ago

Tradewindsnews

Future finance: Odfjell is first shipowner to sell sustainability-linked bond in $100m deal

CFO Terje Iversen tells TradeWinds why the chemical tanker company pursued flexible ESG linked refinancing....

Trade Wind News Published 4y-3mo-2w-3d-16h-36m ago

Tradewindsnews

MarAd ponders future of world’s first atomic commercial vessel

Options for the historic passenger cargoship Savannah range from preservation to being used as an artificial reef....

Trade Wind News Published 4y-3mo-2w-3d-16h-46m ago

Tradewindsnews

Recent surge in dry volumes a revival, or just more 'fits and starts?'

Turnover has been up in the past month after paltry 2020 levels, cheering the bulls....

Trade Wind News Published 4y-3mo-2w-3d-16h-47m ago

Tradewindsnews

Public dry bulk owners may face long path to winning investor attention

A recent bounce in trading volumes provides some hope, but structural issues still hold back largely unloved operating sector....

Trade Wind News Published 4y-3mo-2w-3d-16h-47m ago

Tradewindsnews

Robert Maersk Uggla sounds note of caution over soaring rates

Holding company chief executive says group has more work to do to complete its transformation....

Trade Wind News Published 4y-3mo-2w-3d-17h-15m ago

Tradewindsnews

Petrobras scraps another tanker in renewal drive as demolition rates rise

Secondhand prices of ships sold for further trading are falling due to weak charter markets....

Trade Wind News Published 4y-3mo-2w-3d-18h-24m ago

Tradewindsnews

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

Coalition with customers around realistic strategies is best way to decarbonise shipping, say speakers at ICS webinar on the fourth propulsion revolution....

Trade Wind News Published 4y-3mo-2w-3d-18h-46m ago

Tradewindsnews

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

UK amp 39 s Crown Prosecution Service statement raises question of why special forces were called in to liberate Nave Andromeda....

Trade Wind News Published 4y-3mo-2w-3d-18h-47m ago

Tradewindsnews

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

Sale raises questions on Golar LNG amp 39 s future after chairman Tor Olav Troim amp 39 s November comments....

Trade Wind News Published 4y-3mo-2w-3d-18h-47m ago

Tradewindsnews

IMB calls for action as West African kidnappings hit all-time high

Threat in Gulf of Guinea reaches its highest ever level after surge in incidents last year....

Trade Wind News Published 4y-3mo-2w-3d-19h-5m ago

Tradewindsnews

Clarksons rate index rises further after strong start to 2021

ClarkSea figures showing improvements for bulkers, LNG carriers and boxships in encouraging first week for owners....

Trade Wind News Published 4y-3mo-2w-3d-19h-41m ago

Tradewindsnews

Egypt plots bulker ownership through new operating company

State grains procurement agency GASC to co found new shipowner....

Trade Wind News Published 4y-3mo-2w-3d-21h-9m ago

Tradewindsnews

Big data could play key role in reducing ship casualties

Deeper analysis is required to help insurers and their shipowner clients keep control of accidents, says broker....

Trade Wind News Published 4y-3mo-2w-3d-21h-36m ago

Tradewindsnews

Maersk boxship crew thwarts two pirate attacks off Nigeria

Seafarers on Maersk Cardiff retreated to citadel 278 km off the coast....

Trade Wind News Published 4y-3mo-2w-3d-22h-17m ago

Tradewindsnews

Tufton Oceanic 'fully invested' after snapping up another boxship

UK fund has spent all the $250m it has raised as new era begins....

Trade Wind News Published 4y-3mo-2w-3d-22h-53m ago

Tradewindsnews

Tanker spin-off must wait as Stolt-Nielsen moves forward on sea farm IPO

Float of fish business being evaluated, while Stolt Tankers deal is dependent on market recovery....

Trade Wind News Published 4y-3mo-2w-3d-23h-31m ago

Tradewindsnews

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

Chief executive Remi Eriksen has set his sights on organic and inorganic growth after rebranding to DNV....

Trade Wind News Published 4y-3mo-2w-3d-23h-31m ago

Tradewindsnews

Enesel returns to bulkers with ultramax newbuilding pair

Lemos family emerges in extremely small circle of Greek shipowners who contracted dry bulk newbuildings last year....

Trade Wind News Published 4y-3mo-2w-3d-23h-31m ago

Tradewindsnews

Sentek Marine sends old VLCC for recycling as storage volumes decline

Vessel is latest of a handful of older VLCCs reportedly sold for demolition since start of 2021....

Trade Wind News Published 4y-3mo-2w-3d-23h-51m ago

Tradewindsnews

NYK Line orders staff to work from home due to Covid-19 spike

Japanese shipowner says face to face meetings are banned while customer visits are also restricted....

Trade Wind News Published 4y-3mo-2w-4d-1h-10m ago

Tradewindsnews

Harren & Partner latest owner to join offshore wind market

Bremen based company expands its foot print in sector in which it already transports components....

Trade Wind News Published 4y-3mo-2w-4d-5h-35m ago

Tradewindsnews

Hot LNG shipping market seen as possible stronger seasonal trend

Broker and consultant Poten amp Partners says 2021 has started amp 39 with a bang amp 39 for the sector....

Trade Wind News Published 4y-3mo-2w-4d-5h-57m ago

Tradewindsnews

Union Maritime boosts LPG fleet with order at Hyundai Mipo

The company has the option to upgrade the LPG carrier to run on LPG and conventional fuels....

Trade Wind News Published 4y-3mo-2w-4d-6h-1m ago

Tradewindsnews

Bugbee bets on Scorpio Tankers with options tranche

The options expire in July....

Trade Wind News Published 4y-3mo-2w-4d-7h-47m ago

Tradewindsnews

China’s Oriental Energy to splash $300m on VLGCs at Jiangnan

Newbuildings are earmarked for a new propane plant in Guangzhou....

Trade Wind News Published 4y-3mo-2w-4d-8h-2m ago

Tradewindsnews

2021 will see end of floating storage with oil recovery, analyst says

Energy companies are not expected to need large tanker tonnage to store oil at sea....

Trade Wind News Published 4y-3mo-2w-4d-9h-51m ago

Tradewindsnews

Diana Shipping sweetens tender offer amid higher share price

The New York listed owner amp 39 s stock price has jumped by 31% over a month amp 39 s time....

Trade Wind News Published 4y-3mo-2w-4d-12h-4m ago

Tradewindsnews

Tor Olav Troim fetches more for Hygo in sale than IPO would have raked in

Hygo Energy Transition initial public offering was expected to raise as much as $2.1bn....

Trade Wind News Published 4y-3mo-2w-4d-14h-14m ago

Tradewindsnews

Tor Olav Troim attains more for Hygo in sale than IPO would have raked in

Hygo Energy Transition flotation was expected to raise as much as $2.1bn....

Trade Wind News Published 4y-3mo-2w-4d-14h-14m ago

Tradewindsnews

Equinor strikes year-long VLCC charter deal with MOL

Deal with Japanese shipowner marks second period charter for Norwegian oil company in a month.....

Trade Wind News Published 4y-3mo-2w-4d-14h-21m ago

Tradewindsnews

First Steamship signs up to Baumarine by Maruklav pool

Taiwanese owner follows U Ming in joining expanding panamax venture....

Trade Wind News Published 4y-3mo-2w-4d-14h-37m ago

Tradewindsnews

Shipowners warned over new cocaine smuggling route through Libya

Two recent seizures indicate traffickers are switching attention away from usual West African gateway to Europe....

Trade Wind News Published 4y-3mo-2w-4d-15h-35m ago

Tradewindsnews

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

Norwegian investor Tor Olav Troim sells out LNG to power assets to friend Wes Eden amp 39 s burgeoning company....

Trade Wind News Published 4y-3mo-2w-4d-16h-35m ago

Tradewindsnews

Genco Shipping's private-equity exit nears on trade of 5m shares

This time Strategic Value Partners is behind huge sell down, as share price holds up despite big investor defection....

Trade Wind News Published 4y-3mo-2w-4d-16h-44m ago

Tradewindsnews

Shippers accuse liner operators of violating contracts as box rates surge

Cargo organisations call for European Union to act on amp 39 distortion amp 39 and amp 39 unreasonable conditions amp 39 for bookings....

Trade Wind News Published 4y-3mo-2w-4d-17h-16m ago

Tradewindsnews

Borealis charters Iino’s DSME VLGC newbuilding

Vessel to ship gas to propane dehydrogenation plant in Kallo, Belgium....

Trade Wind News Published 4y-3mo-2w-4d-17h-26m ago

Tradewindsnews

Bimco 'hero film' aims to promote shipping to wider world on social media

Film produced with television production company ITN aims to bring awareness of the importance of sea transport and seafarers in crew change crisis to global public and business sectors....

Trade Wind News Published 4y-3mo-2w-4d-17h-49m ago

Tradewindsnews

Shell’s new US LNG bunker barge heads for first loading

Energy major secures its first Stateside unit as Q LNG 4000 heads out from shipyard for commissioning....

Trade Wind News Published 4y-3mo-2w-4d-17h-57m ago

Tradewindsnews

Japanese capesize fetches ‘crazy price’ amid new-year bulker boom

2021 goes off with a bang in the secondhand market for big bulkers, spurred by commodity demand and rising freight rates....

Trade Wind News Published 4y-3mo-2w-4d-18h-10m ago

Tradewindsnews

Latsco Shipping books VLCC newbuilding pair at Hyundai Heavy Industries

Greek owner exercises options for two 300,000 dwt crude carriers, bringing its orderbook at the South Korean shipbuilder to four....

Trade Wind News Published 4y-3mo-2w-4d-18h-44m ago

Tradewindsnews

European recycling rules tied in knots with capacity cut off

EU regulation that limits green and safe ship breaking facilities that are allowed to be used by European shipowners is damaging global recycling progress....

Trade Wind News Published 4y-3mo-2w-4d-18h-44m ago

Tradewindsnews

Jovo buys steam-turbine LNG carrier from Mitsui OSK Lines

Soon to list Chinese trader snaps up a 15 year old ship for trading....

Trade Wind News Published 4y-3mo-2w-4d-18h-45m ago

Tradewindsnews

Trash to treasure: Maersk intensifies plastics clean-up work

Extended partnership with The Ocean Cleanup will see sensors placed on huge boxship fleet....

Trade Wind News Published 4y-3mo-2w-4d-18h-46m ago

Tradewindsnews

Maersk Product Tankers sells wind-powered ship to Indonesian owner

Buana Lintas Lautan is speculated to perceive the LR2 as a green shipping project....

Trade Wind News Published 4y-3mo-2w-4d-18h-49m ago

Tradewindsnews

DNV GL to go back to being known as DNV after name change

Norwegian based classification society drops link to former German partner in its corporate branding....

Trade Wind News Published 4y-3mo-2w-4d-20h-25m ago

Tradewindsnews

Mediterranean Shipping joins Hydrogen Council to push clean fuel research

Swiss liner giant wants cross sector collaboration to develop new sources of green bunkers....

Trade Wind News Published 4y-3mo-2w-4d-21h-4m ago

Tradewindsnews

Enjoy the LNG spot-market ride before long-term gas reality bites

LNG may not be the green fuel of the future but right now the markets are enjoying an exciting start to 2021....

Trade Wind News Published 4y-3mo-2w-4d-21h-45m ago

Tradewindsnews

Evacuated bulker in danger of sinking off Japan

Chinese handysize suffered water ingress but all crew safe....

Trade Wind News Published 4y-3mo-2w-4d-22h-4m ago

Tradewindsnews

Scorpio Tankers adds $32m liquidity in leasing deal for product trio

US listed owner continues to refinance its fleet in the Chinese market....

Trade Wind News Published 4y-3mo-2w-4d-22h-6m ago

Tradewindsnews

Carnival to shed four ships as quick cruise recovery remains in doubt

Cruise giant indicates more vessel sales are on the horizon as analysts are less confident of a fast rebound....

Trade Wind News Published 4y-3mo-2w-4d-22h-24m ago

Tradewindsnews

Eastmed clinches deal to buy tanker newbuild trio from Evangelos Pistiolis

After using much of 2020 to clear out old tanker tonnage, shipowner Thanassis Martinos makes splash for high specification MRs....

Trade Wind News Published 4y-3mo-2w-4d-22h-50m ago

Tradewindsnews

Maersk assembles new 50-strong team to transform its fleet

Decarbonisation drive to be led by head of strategy Morten Bo Christiansen....

Trade Wind News Published 4y-3mo-2w-4d-23h-22m ago

Tradewindsnews

US to label Houthis ‘terrorists’ in wake of Red Sea tanker attacks

State department also identifies three of group amp 39 s leaders as specially designated global terrorist entities....

Trade Wind News Published 4y-3mo-2w-5d-29m ago

Tradewindsnews

South Korea fails to secure immediate release of seized Hankuk Chemi

Top level diplomats head back to their corners to consider next move to solve bilateral differences.....

Trade Wind News Published 4y-3mo-2w-5d-3h-5m ago

Tradewindsnews

Mercuria taps Singapore fund manager for new source of finance

Such tie ups may help fill financing void left by banks scaling down their commodity exposure after series of scandals....

Trade Wind News Published 4y-3mo-2w-5d-5h-6m ago

Tradewindsnews

Cold weather prompts warnings on shipping risks in China despite buoyant rates

Sea ice could create headaches for ship operators even as LNG and bulker players enjoy strong markets....

Trade Wind News Published 4y-3mo-2w-5d-9h-53m ago

Tradewindsnews

Qatargas hails first commercial STS from Q-Flex LNG carrier

Middle East exporter supplies a conventional sized vessels in Subic Bay transfer....

Trade Wind News Published 4y-3mo-2w-5d-11h-57m ago

Tradewindsnews

Bank of America expecting oil demand, tanker recovery in 2021

The bank amp 39 s look ahead into 2021 comes off more confident in recovery than others....

Trade Wind News Published 4y-3mo-2w-5d-14h-33m ago

Tradewindsnews

Global Ship Lease initiates dividend after major refinancing

The New York listed owner amp 39 s shares rose by almost 7% by mid morning on Tuesday....

Trade Wind News Published 4y-3mo-2w-5d-14h-52m ago

Tradewindsnews

Scorpio Tankers pulls liquidity lever with $75m bonds add-on filing

Move allows product tanker giant to expand 2020 amp 39 baby bond amp 39 programme over time....

Trade Wind News Published 4y-3mo-2w-5d-15h-8m ago

Tradewindsnews

NYK Line makes breakthrough into LNG regasification sector with PNG deal

Japanese giant part of group designing and developing regasification power unit....

Trade Wind News Published 4y-3mo-2w-5d-15h-59m ago

Tradewindsnews

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

But hold on long enough and there are rewards to be had next year, investment bank adds....

Trade Wind News Published 4y-3mo-2w-5d-16h-46m ago

Tradewindsnews

Louis Dreyfus wins second wind farm newbuilding contract

French shipowner to supply crew transfer vessel for EDF linked domestic project....

Trade Wind News Published 4y-3mo-2w-5d-16h-46m ago

Tradewindsnews

Former Shell man admits Singapore bunker tanker oil theft

Prosecution is latest chapter in ongoing saga of criminal activity at Pulau Bukom refinery....

Trade Wind News Published 4y-3mo-2w-5d-17h-20m ago

Tradewindsnews

LNG carrier rate assessments rise as Asia battles big freeze

Cargo prices skyrocket to new heights with ice a concern for vessels berthing in China....

Trade Wind News Published 4y-3mo-2w-5d-17h-23m ago

Tradewindsnews

Tsuneishi Zhoushan wins feedership order from Taicang Line

Deal, valued at around $60m in total, will see Chinese shipbuilder continue to grow in boxship market....

Trade Wind News Published 4y-3mo-2w-5d-17h-44m ago

Tradewindsnews

Tanker prices have further to fall after taking 15% hit since April

Cleaves Securities sees downside of 6% as asset values head towards bottom of trough in the third quarter....

Trade Wind News Published 4y-3mo-2w-5d-18h-46m ago

Tradewindsnews

Scrap prices tipped to breach $500 barrier as interest spirals

Global shortage of steel prompts Bangladesh, in particular, to make a big push for tonnage....

Trade Wind News Published 4y-3mo-2w-5d-18h-46m ago

Tradewindsnews

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

But term charterers show little interest in crude tankers as Unipec fixture fails....

Trade Wind News Published 4y-3mo-2w-5d-18h-47m ago

Tradewindsnews

Sovcomflot wins Total charter to back LNG carrier order

Russian owner revealed as mystery buyer of newbuilding announced by KSOE....

Trade Wind News Published 4y-3mo-2w-5d-19h-49m ago

Tradewindsnews

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

New York listed owner brings in experienced executive to replace Ryan Courson....

Trade Wind News Published 4y-3mo-2w-5d-21h-7m ago

Tradewindsnews

Stowaway bees give sulphur carrier crew sweet parting gift

A potentially sticky stowaway situation has ended on a sweet note....

Trade Wind News Published 4y-3mo-2w-5d-21h-55m ago

Tradewindsnews

Meghna Group splashes out $102m on ultramaxes at Yangzijiang Shipbuilding

The design of the wide beam bulkers was developed by Mitsui E amp S Shipbuilding....

Trade Wind News Published 4y-3mo-2w-5d-21h-57m ago

Tradewindsnews

Maran VLCC and Sinokor VLOC kick-off Bangladeshi demolition derby

Greek and South Korean vessels lead line up of tankers and bulkers off breakers amp 39 beach in Chattogram....

Trade Wind News Published 4y-3mo-2w-5d-22h-5m ago

Tradewindsnews

Euronav signs Neptune Declaration calling for seafarer vaccine jabs

Tanker owner joins Global Maritime Forum initiative launching during Davos meeting this month....

Trade Wind News Published 4y-3mo-2w-5d-22h-57m ago

Tradewindsnews

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

Firm seeking first US shipping IPO for five years argues chartering in policy gives it competitive advantages, but long fixtures at high rates have caught carriers out before....

Trade Wind News Published 4y-3mo-2w-5d-23h-28m ago

Tradewindsnews

MOL and Uniper put supersize FSRU project newbuilding on ice

DSME order now on hold as German energy company takes another look at long planned Wilhelmshaven terminal....

Trade Wind News Published 4y-3mo-2w-5d-23h-28m ago

Tradewindsnews

Shuaa Capital-led consortium buys $308m Stanford Marine debt facility

UAE based asset manager says restructuring has saved 1,800 jobs and $20m worth of vessel exports....

Trade Wind News Published 4y-3mo-2w-6d-2h-23m ago

Tradewindsnews

Yangzijiang a ‘deep value’ privatisation candidate, says DBS

China’s largest privately owned shipbuilder said to be deeply undervalued despite strong balance sheet....

Trade Wind News Published 4y-3mo-2w-6d-6h-28m ago

Tradewindsnews

Yangzijiang a ‘deep value’ candidate to be taken private, says DBS

China’s largest privately owned shipbuilder said to be deeply undervalued despite strong balance sheet....

Trade Wind News Published 4y-3mo-2w-6d-6h-28m ago

Tradewindsnews

South Korea's DSME misses newbuilding order target for 2020

But shipbuilder sees opportunity in big boxships and dual fuel VLCCs this year....

Trade Wind News Published 4y-3mo-2w-6d-6h-34m ago

Tradewindsnews

DSME misses newbuilding order target for 2020

But South Korean shipbuilder sees opportunity in big boxships and dual fuel VLCCs this year....

Trade Wind News Published 4y-3mo-2w-6d-6h-34m ago

Tradewindsnews

Matson expects much higher profit off China business

New York listed owner is forecasting a fivefold improvement in fourth quarter profit....

Trade Wind News Published 4y-3mo-2w-6d-7h-28m ago

Tradewindsnews

T Rowe Price boosts Seacor Holdings stake amid $1bn buyout

Charles Fabrikant will hand chief executive reins to his son Eric Fabrikant as part of acquisition by private equity firm....

Trade Wind News Published 4y-3mo-2w-6d-8h-16m ago

Tradewindsnews

US-listed shipping stocks start new year with a roar after tepid 2020

Shares easily outpace market indices across operating sectors as optimism grows for recovery year....

Trade Wind News Published 4y-3mo-2w-6d-9h-56m ago

Tradewindsnews

Crude tankers stay in the doldrums with no pressure to charter

The second full week of 2020 is off to a amp 39 very disappointing start amp 39 ....

Trade Wind News Published 4y-3mo-2w-6d-10h ago

Tradewindsnews

Gibson: a tale of “two halves” in 2021 tanker market again, but in a reverse way

Tanker markets could improve throughout the year but many stars need to align....

Trade Wind News Published 4y-3mo-2w-6d-11h-45m ago

Tradewindsnews

Scorpio Bulkers sells 31st vessel with lease ties to Ocean Yield

Deal for SBI Libra leaves New York listed owner with 22 units....

Trade Wind News Published 4y-3mo-2w-6d-12h ago

Tradewindsnews

CMA CGM third boxship company hit with patent infringement suit

CMA CGM joins the ranks of Maersk and Hapag Lloyd as targets of Transcend Shipping Systems....

Trade Wind News Published 4y-3mo-2w-6d-13h-22m ago

Tradewindsnews

Diana Shipping fixes post-panamax bulker to SwissMarine at higher rate as market rises

Short term contract will generate over $1m in gross revenue for New York listed shipowner....

Trade Wind News Published 4y-3mo-2w-6d-14h-33m ago

Tradewindsnews

Carnival losses total $10.2bn during 2020 pandemic shutdown

New York listed owner has $9.5bn in cash on its books....

Trade Wind News Published 4y-3mo-2w-6d-14h-39m ago

Tradewindsnews

Nor-Shipping postponed until 2022 due to worsening pandemic

Organisers say they would rather wait until next year than put on a scaled down show because of social distancing measures....

Trade Wind News Published 4y-3mo-2w-6d-15h-28m ago

Tradewindsnews

Transocean renews bulker fleet by buying four-year-old kamsarmax

Deal concluded just four months after selling a 14 year old unit....

Trade Wind News Published 4y-3mo-2w-6d-15h-34m ago

Tradewindsnews

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

Liner offering ticks several important boxes, but don amp 39 t expect a parade of copycats even if it succeeds....

Trade Wind News Published 4y-3mo-2w-6d-15h-51m ago

Tradewindsnews

Spot market for capesize bulkers starts week up by 16%, lifting Baltic Dry Index

Price indicator for seaborne transport of dry bulk commodities is at its highest level for three months....

Trade Wind News Published 4y-3mo-2w-6d-15h-54m ago

Tradewindsnews

Maersk Tankers unveils new head of human resources in diversity drive

Danish commercial manager hires Annelise Goldstein from management consultancy Korn Ferry....

Trade Wind News Published 4y-3mo-2w-6d-16h-20m ago

Tradewindsnews

'New industrial adventure': Knutsen OAS heads for offshore wind market

Norwegian shipowner forges Deep Wind Offshore with utility Haugaland Kraft/SKL targeting North Sea and emerging international plays....

Trade Wind News Published 4y-3mo-2w-6d-16h-37m ago

Tradewindsnews

Genco Shipping's top shareholder files to sell more than half of its stake

Centerbridge divestment follows sour signal from Strategic Value Partners and sales by Apollo Management....

Trade Wind News Published 4y-3mo-2w-6d-16h-44m ago

Tradewindsnews

Vega Reederei and Conoship scaling up vanadium battery power plan

Toronto listed VanadiumCorp Resource working with Dutch designer and German owner on new system....

Trade Wind News Published 4y-3mo-2w-6d-16h-45m ago

Tradewindsnews

Coral Shipping linked to purchase of its youngest aframax ever as DSD sells

Greek operator may be looking at expansion with reported purchase of a 12 year old tanker from Norwegian peer....

Trade Wind News Published 4y-3mo-2w-6d-17h-6m ago

Tradewindsnews

Union Marine makes capesize debut with purchase of sole Eregli ship

Improved sentiment in the capesize market starts producing secondhand deals at robust prices....

Trade Wind News Published 4y-3mo-2w-6d-17h-16m ago

Tradewindsnews

Union Maritime makes capesize debut with Eregli and Nissen Kaiun ships

Improved sentiment in the capesize market starts producing secondhand deals at robust prices....

Trade Wind News Published 4y-3mo-2w-6d-17h-16m ago

Tradewindsnews

Woodchip carrier holed after backing into pier in Argentina

Surabaya Express seen on film reversing into dock at quay....

Trade Wind News Published 4y-3mo-2w-6d-17h-23m ago

Tradewindsnews

Berge Bulk buys capesize as expansion efforts continue

Singapore shipowner purchases 14 year old vessel from Unique Shipping....

Trade Wind News Published 4y-3mo-2w-6d-17h-33m ago

Tradewindsnews

Insurance experts see ‘receding’ chances of general average in ONE Apus casualty

Delay in decision over insurance terms suggests claims may not be shared between insurance parties....

Trade Wind News Published 4y-3mo-2w-6d-17h-46m ago

Tradewindsnews

Dirty tanker fixtures down 16% in 2020 amid virus disruptions, Poten says

Unipec remains the dominant VLCC charterer but overall spot activity decreases with less oil demand....

Trade Wind News Published 4y-3mo-2w-6d-17h-50m ago

Tradewindsnews

Eurotankers said to offload VLCC in surprise recycling deal

Tanker headed to Pakistan despite being only 18 years old....

Trade Wind News Published 4y-3mo-2w-6d-17h-53m ago

Tradewindsnews

Rem switches PSV into wind sector and fixes newbuild to Siemens

New offshore wind deals show importance of renewables to beleaguered oil and gas support vessel owners....

Trade Wind News Published 4y-3mo-2w-6d-18h-24m ago

Tradewindsnews

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

Veteran shipowner and his right hand man Leo Vrondissis have been through the wars of public listings and seen the good and bad....

Trade Wind News Published 4y-3mo-2w-6d-18h-46m ago

Tradewindsnews

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

AET amp 39 s chartering manager in London tells TradeWinds that there is added pressure in paving the way for others, but everyone has a role to play....

Trade Wind News Published 4y-3mo-2w-6d-18h-47m ago

Tradewindsnews

Hapag-Lloyd boxship boarded by pirates off Colombia

Crew safe after retreating to citadel in rare incident off South America....

Trade Wind News Published 4y-3mo-2w-6d-19h-43m ago

Tradewindsnews

VLGC spot earnings push beyond $110,000 as inefficiencies linger

Scrubber fitted ships can bank $114,000 per day, with new Panama Canal booking system likely to cause more problems....

Trade Wind News Published 4y-3mo-2w-6d-19h-54m ago

Tradewindsnews

Hyundai yards rake in newbuilding deals worth up to $673m

Buyer of LNG newbuilding includes options for two LNG ships and LPG carrier....

Trade Wind News Published 4y-3mo-2w-6d-19h-59m ago

Tradewindsnews

Aon launches fuel price insurance to help shipping manage risk

New policy aims to give shipping companies price protection at a time when bunker costs are in danger of rising further....

Trade Wind News Published 4y-3mo-2w-6d-20h-29m ago

Tradewindsnews

Stop politicising Hankuk Chemi seizure, Iran tells top South Korean diplomat

Iran still insists that seizure of South Korean tanker has nothing to do with oil money held in Asian nation amp 39 s banks....

Trade Wind News Published 4y-3mo-2w-6d-21h-8m ago

Tradewindsnews

Wakashio stern section to be removed by end of January

Chinese salvor set to achieve speedy removal of the remains of grounded Japanese bulk carrier....

Trade Wind News Published 4y-3mo-2w-6d-21h-11m ago

Tradewindsnews

KiwiRail selects Hyundai Mipo to build ferry duo

Newbuildings set to replace vessels sailing between the North and South islands of New Zealand....

Trade Wind News Published 4y-3mo-2w-6d-21h-46m ago

Tradewindsnews

Tufton Oceanic Assets makes first tanker buy after reorganisation

UK fund snaps up chemical carrier for $15.2m, building fleet to 20 vessels....

Trade Wind News Published 4y-3mo-2w-6d-21h-49m ago

Tradewindsnews

Energyfund Sweden reveals three tanker sales as it looks to wind sector

Swedish investor has offloaded vessels co owned with Ridgebury, Euronav and Tufton....

Trade Wind News Published 4y-3mo-2w-6d-21h-58m ago

Tradewindsnews

Italian shipyard ditches recycling plans as it resells Costa cruiseship to Turkey

Cruiseship Costa Victoria to depart for Aliaga under tow later in January....

Trade Wind News Published 4y-3mo-2w-6d-22h-59m ago

Tradewindsnews

Trafigura focuses on charters after cutting emissions from own ships

Trading giant spells out the route to meeting decarbonisation targets with huge chartered fleet....

Trade Wind News Published 4y-3mo-2w-6d-23h-28m ago

Tradewindsnews

Stolt Tankers approaches renewal decision after CTG fleet buy

Lucas Vos tells TradeWinds the age of its vessels will need to be addressed, but five new acquisitions will help it replace other tankers long term....

Trade Wind News Published 4y-3mo-2w-6d-23h-28m ago

Tradewindsnews

Hiring thaw solves staffing issue as Stolt and Essberger seal merger

Norwegian company retaining workers who do not want to move to Germany as pandemic jobs freeze ends....

Trade Wind News Published 4y-3mo-2w-6d-23h-29m ago

Tradewindsnews

Seafarer arrested for trying to avoid Australian quarantine

Vietnamese man picked up by local police soon after swimming ashore from bulker....

Trade Wind News Published 4y-3mo-3w-1h-5m ago

Tradewindsnews

Floatel International secures new contracts and debt lock-up agreement

Agreement will keep accommodation vessels operating as the Swedish company continues with retructuring plans....

Trade Wind News Published 4y-3mo-3w-1h-53m ago

Tradewindsnews

Capesize bulker sector unfazed by China's plan for less crude steel

The country is just airing the scheme to lower iron ore prices, according to Breakwave Advisors....

Trade Wind News Published 4y-3mo-3w-2h-4m ago

Tradewindsnews

Great Eastern bulker stuck off China for seven months set to leave

Indian shipowner says top priority is to help its crew members reach home....

Trade Wind News Published 4y-3mo-3w-2h-32m ago

Tradewindsnews

Great Eastern bulker set to leave after seven months stuck off China

Indian shipowner says top priority is to help its crew members reach home....

Trade Wind News Published 4y-3mo-3w-2h-32m ago

Tradewindsnews

Siem, Kneen again push for consolidation in offshore sector

The way to improvement for offshore is consolidation, the two said....

Trade Wind News Published 4y-3mo-3w-2d-9h-50m ago

Tradewindsnews

Siem and Kneen again push for consolidation in offshore sector

The way to improvement for offshore is consolidation, the two said....

Trade Wind News Published 4y-3mo-3w-2d-9h-50m ago

Tradewindsnews

Insurers squabble over charges related to fatal 2017 blast

Nearly a dozen insurers split the bill for tank cleaning charges and sue UK P amp I for allegedly not sharing the costs....

Trade Wind News Published 4y-3mo-3w-2d-11h-20m ago

Tradewindsnews

Dry bulk futures finish on a high after 'wild party' this week

amp 39 Grab a drink and hit the dancefloor! amp 39 one FFA broker told TradeWinds....

Trade Wind News Published 4y-3mo-3w-2d-11h-41m ago

Tradewindsnews

Global Ship Lease refinances $236m in debt ahead of big maturity

Stakeholder Kelso amp Co will receive 13m common shares of GSL through the refinancing....

Trade Wind News Published 4y-3mo-3w-2d-14h-22m ago

Tradewindsnews

Diana Shipping fixes two capesize bulkers on period charters as spot market surges

Period rates have been pushed even higher for capesize bulk carriers....

Trade Wind News Published 4y-3mo-3w-2d-14h-32m ago

Tradewindsnews

Capesize spot rally signals 'improved times' for dry bulk sector

Soaring commodity prices and demand are benefiting the asset class, according to Clarksons Platou Securities....

Trade Wind News Published 4y-3mo-3w-2d-15h-44m ago

Tradewindsnews

Fredriksen and Trafigura trialling biofuels through TFG Marine

Bunkering joint venture is moving closer to providing sustainable fuels to the industry.....

Trade Wind News Published 4y-3mo-3w-2d-15h-50m ago

Tradewindsnews

Scorpio Tankers says BP refinery closure creates need for 18 extra MRs

World amp 39 s biggest product carrier company sees global refinery capacity changes boosting tonne miles....

Trade Wind News Published 4y-3mo-3w-2d-16h-44m ago

Tradewindsnews

Trond Mohn snaps up Umoe Gas Carriers from Jens Ulltveit-Moe

Ulltveit Moe out of LNG partnership with Trygve Seglem after 36 years....

Trade Wind News Published 4y-3mo-3w-2d-16h-45m ago

Tradewindsnews

Continental Bitumen books up to four bitumen carriers at Wuhu Xinlian

Battery equipped tankers will be able to carry oil products and run on LNG....

Trade Wind News Published 4y-3mo-3w-2d-17h-19m ago

Tradewindsnews

Lomar Shipping and Chinese yard lock horns over boxship sale cancellation

Rising asset values said to have led Chinese shipyard to axe containership deal, leading to arbitration spat....

Trade Wind News Published 4y-3mo-3w-2d-17h-58m ago

Tradewindsnews

Weak European oil demand during virus outbreak pressures suezmax and aframax tankers

By contrast, VLCCs are well positioned to benefit from recovery in Asian oil consumption....

Trade Wind News Published 4y-3mo-3w-2d-17h-59m ago

Tradewindsnews

Japan continues to allow crew change after declaring state of emergency in Tokyo

Relief for shipyards as newbuildings can continue to be delivered at busiest time of the year....

Trade Wind News Published 4y-3mo-3w-2d-18h-1m ago

Tradewindsnews

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

Major and trader linked to sky high numbers as Asian gas price soars and hunt for ships continues....

Trade Wind News Published 4y-3mo-3w-2d-19h-26m ago

Tradewindsnews

UK drops court case after Navios tanker 'hijacking'

Seven men will face no further action following incident off Isle of Wight in October....

Trade Wind News Published 4y-3mo-3w-2d-20h-7m ago

Tradewindsnews

Clarksons signals consensus-beating earnings of up to $61m

UK shipbroking group is, however, reviewing goodwill and impairments due to continuing macro economic uncertainties....

Trade Wind News Published 4y-3mo-3w-2d-21h-10m ago

Tradewindsnews

Analysis: Hankuk Chemi seizure a diplomatic problem more than a shipping problem

Action against tanker is a bargaining chip for diplomatic negotiations rather than a wider threat to shipping....

Trade Wind News Published 4y-3mo-3w-2d-21h-13m ago

Tradewindsnews

Analysis: Hankuk Chemi seizure a diplomatic issue more than a shipping problem

Action against tanker is a bargaining chip for diplomatic negotiations rather than a wider threat to shipping....

Trade Wind News Published 4y-3mo-3w-2d-21h-13m ago

Tradewindsnews

Disruption upside: Clarksons rate index ends only 2% down after year of turmoil

Stephen Gordon says 2020 was second best year in a decade despite uniquely challenging pandemic situation....

Trade Wind News Published 4y-3mo-3w-2d-21h-23m ago

Tradewindsnews

Boxship scrapping tumbles as owners milk their cash cows

Charter rates extend vessel lifespans in booming markets....

Trade Wind News Published 4y-3mo-3w-2d-21h-23m ago

Tradewindsnews

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

The US tycoon may no longer be the world amp 39 s richest man, but he can still afford to surprise his dear ma....

Trade Wind News Published 4y-3mo-3w-2d-22h-39m ago

Tradewindsnews

Northern Offshore seals charter with Orsted for seven crew transfer vessels

Swedish owner building UK presence with new wind farm vessel deal....

Trade Wind News Published 4y-3mo-3w-2d-23h ago

Tradewindsnews

Norwegian broker teams up with quarry group to charter bulkers

Harald Sander forms venture with De Cloedt as it eyes bigger vessel operations....

Trade Wind News Published 4y-3mo-3w-2d-23h-26m ago

Tradewindsnews

Australia slaps two-year ban on holed livestock carrier

Regulator says local community expects that any vessel operating or travelling through its waters is seaworthy....

Trade Wind News Published 4y-3mo-3w-3d-16m ago

Tradewindsnews

MISC Berhad on course to become world’s largest ethane carrier operator

....

Trade Wind News Published 4y-3mo-3w-3d-3h-35m ago

Tradewindsnews

H-Line capesize arrival marks first LNG-fuelled vessel for Port Hedland

South Korean owned bulker set to be regular visitor at Australian port with 10 trips planned per year....

Trade Wind News Published 4y-3mo-3w-3d-5h-11m ago

Tradewindsnews

Kumiai Navigation orders ultramax bulker at Oshima Shipbuilding

New ship will meet the Energy Efficiency Design Index standards due to be introduced in 2025....

Trade Wind News Published 4y-3mo-3w-3d-8h-55m ago

Tradewindsnews

US Transportation Secretary Elaine Chao steps down after riot

Chao is the first cabinet member to leave the Trump administration....

Trade Wind News Published 4y-3mo-3w-3d-10h-49m ago

Tradewindsnews

US transport secretary Elaine Chao steps down after riot

Chao is the first cabinet member to leave the Trump administration....

Trade Wind News Published 4y-3mo-3w-3d-10h-49m ago

Tradewindsnews

Heavy arbitrage naphtha flows to Asia lift LR2 product tanker rates

Spot earnings in some segments are recovering with more exports from Europe....

Trade Wind News Published 4y-3mo-3w-3d-11h-22m ago

Tradewindsnews

Panamax bulkers gain on China's love of grain, brokers say

High rates in the Atlantic basin are bolstering those in the Pacific basin, according to EastGate Shipbrokers....

Trade Wind News Published 4y-3mo-3w-3d-11h-26m ago

Tradewindsnews

One day after floating name change, Scorpio back to selling bulkers

New York listed owner deals another kamsarmax for $22.25m....

Trade Wind News Published 4y-3mo-3w-3d-14h-10m ago

Tradewindsnews

Pirates release four seafarers kidnapped from Marinakis tanker

All seafarers safe after ordeal lasting more than a month in West Africa....

Trade Wind News Published 4y-3mo-3w-3d-15h-7m ago

Tradewindsnews

Fredriksen lieutenant rejects idea of Avance Gas merger with BW LPG

Chairman Marius Hermansen says Avance Gas stands well alone....

Trade Wind News Published 4y-3mo-3w-3d-15h-39m ago

Tradewindsnews

Saudi supply cut and slow vaccination fuel big sell-off in tanker FFAs

Physical VLCC trade also faces tonnage oversupply as Iran related tensions fail to lift sentiment....

Trade Wind News Published 4y-3mo-3w-3d-18h-35m ago

Tradewindsnews

Joint European force aims to provide confidence in volatile Middle East Gulf

The military force amp 39 s outgoing commander says the mission in the Strait of Hormuz is one of de escalation and reassurance....

Trade Wind News Published 4y-3mo-3w-3d-18h-47m ago

Tradewindsnews

BBC Chartering sued for $97m for calling at long-nationalised port in Cuba

Island amp 39 s government took over North American Sugar Industries amp 39 port in 1959 and it is now being used to offload parts for a wind farm....

Trade Wind News Published 4y-3mo-3w-3d-18h-48m ago

Tradewindsnews

MOL extends FSRU play with delivery of unit for Indonesia’s Java 1 plant

New floating regasification vessel due to arrive on site in mid February....

Trade Wind News Published 4y-3mo-3w-3d-19h-4m ago

Tradewindsnews

South Korea making 'multi-pronged' efforts to free Hankuk Chemi

President amp 39 s office says safety of its citizens is the most vital aspect of negotiations over seized tanker....

Trade Wind News Published 4y-3mo-3w-3d-19h-10m ago

Tradewindsnews

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

New York shipowner ends hiatus with deal to take over 22 ship tanker fleet....

Trade Wind News Published 4y-3mo-3w-3d-20h-29m ago

Tradewindsnews

TechnipFMC trials production of hydrogen from seawater and wind power

Contractor and shipowner receives $11m grant for pioneering work off Norway....

Trade Wind News Published 4y-3mo-3w-3d-20h-54m ago

Tradewindsnews

Consolidator-in-chief BW Group mulls future of LPG empire

Energy shipping giant increases exposure to various asset classes via recent investment spree....

Trade Wind News Published 4y-3mo-3w-3d-21h-46m ago

Tradewindsnews

Large LPG carriers have stronger earnings prospects than smaller peers, Drewry says

Long haul shipping demand boosts VLGCs as new propane dehydrogenation plants are commissioned in China....

Trade Wind News Published 4y-3mo-3w-3d-21h-46m ago

Tradewindsnews

Odfjell lines up $60m bond to tackle looming debt maturity

Roadshows starting next week as tanker owner prepares to pay off $82.5m balloon....

Trade Wind News Published 4y-3mo-3w-3d-21h-52m ago

Tradewindsnews

Interlake buys world's last active coal-fired passenger ferries

Great Lakes bulker company promises it will be business as usual at historic Lake Michigan Carferry Service....

Trade Wind News Published 4y-3mo-3w-3d-22h-3m ago

Tradewindsnews

US owner Crowley Shipping pivots into offshore wind

Veteran company following Scorpio Bulkers with change of emphasis....

Trade Wind News Published 4y-3mo-3w-3d-22h-44m ago

Tradewindsnews

Lloyd’s Open Form awards for bulker incidents up threefold in 2020

Roose amp Partners says salvage firms were also quick to respond to the challenges presented by Covid 19....

Trade Wind News Published 4y-3mo-3w-3d-23h-12m ago

Tradewindsnews

Reactivation of Wallenius Wilhelmsen car carriers 'bodes well' for recovery

Fearnley Securities says Wallenius Wilhelmsen amp 39 s move is backed by stronger industry fundamentals....

Trade Wind News Published 4y-3mo-3w-3d-23h-25m ago

Tradewindsnews

Blue-chip dry bulk charter gives owners shot at a green restart

Zero emission propulsion project is offering legacy shipowners the chance to rethink their business plans....

Trade Wind News Published 4y-3mo-3w-3d-23h-25m ago

Tradewindsnews

Naikai Zosen scores ropax order from Japan’s Kato Kisen

New ropax expected to replace existing ferry on Seto Inland Sea route....

Trade Wind News Published 4y-3mo-3w-4d-2h-38m ago

Tradewindsnews

Singapore to priortise maritime workers in Covid-19 vaccination effort

Health minister said move is designed to combat those at risk from a super spreading event....

Trade Wind News Published 4y-3mo-3w-4d-5h-42m ago

Tradewindsnews

Singapore to prioritise maritime workers in Covid-19 vaccination effort

Health minister said move was designed to combat those at risk from a super spreading event....

Trade Wind News Published 4y-3mo-3w-4d-5h-42m ago

Tradewindsnews

Oshima scores 2020's only Greek bulker orders after getting over reticence

Safe Bulkers and Carras Hellas make rare move with bookings at Japanese shipyard that once eschewed Greek market....

Trade Wind News Published 4y-3mo-3w-4d-6h-23m ago

Tradewindsnews

Genting scraps $429m Credit Agricole lease deal for delayed cruiseship

Both sides agreed that last year amp 39 s contract should be terminated following devastation caused by Covid 19....

Trade Wind News Published 4y-3mo-3w-4d-6h-24m ago

Tradewindsnews

Prices hold up as NYK Line linked to year's first VLCC disposal

Japanese owner said to have received $24.6m from Chinese interests for Tsurumi....

Trade Wind News Published 4y-3mo-3w-4d-6h-24m ago

Tradewindsnews

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

Ofer controlled company terminated contracts at DSME in favour of signing a ‘decent deal’ with rival KSOE....

Trade Wind News Published 4y-3mo-3w-4d-9h-19m ago

Tradewindsnews

What's in a name? Scorpio Bulkers trading one in for something more windy

Company in transition confirms it will clear out its bulker fleet by the end of March....

Trade Wind News Published 4y-3mo-3w-4d-9h-20m ago

Tradewindsnews

What's in a name? Scorpio Bulkers is trading one in for something more windy

Company in transition confirms it will clear out its bulker fleet by the end of March....

Trade Wind News Published 4y-3mo-3w-4d-9h-20m ago

Tradewindsnews

Color Line to lay up another ship as Covid-19 restrictions bite

Some 500 employees to be furloughed as as Color Magic faces idle....

Trade Wind News Published 4y-3mo-3w-4d-14h-38m ago

Tradewindsnews

Trafigura sets first emissions target and eyes $5.5bn of green financing

Trader and shipowner also reveals new battery power investment as it publishes 2020 environmental performance report....

Trade Wind News Published 4y-3mo-3w-4d-15h-51m ago

Tradewindsnews

Zim chases ‘proper chance’ to end shipping’s New York IPO drought

Liner offering ticks several important boxes, but do not expect a parade of copycats even if it succeeds....

Trade Wind News Published 4y-3mo-3w-4d-16h-45m ago

Tradewindsnews

Two LNG carriers debut in first January voyages in Northern Sea Route

Russian Arc7 flagship Christophe de Margerie takes laden leg east while a Dynacom sistership heads west in ballast....

Trade Wind News Published 4y-3mo-3w-4d-16h-52m ago

Tradewindsnews

Crew-change restrictions tighten around world as new coronavirus strains spread

Many countries are making rules governing seafarer movement stricter as virus rebounds — but none have gone as far as Philippines ban yet....

Trade Wind News Published 4y-3mo-3w-4d-17h-8m ago

Tradewindsnews

Crew change restrictions tighten around world as new Covid-19 strains spread

A number of countries are making rules governing seafarer movement stricter as virus rebounds but none have gone as far as Philippines ban yet....

Trade Wind News Published 4y-3mo-3w-4d-17h-8m ago

Tradewindsnews

Havila wins charter cash after DeepOcean units file for protection

Norwegian owner banking compensation for alleged breach of contract terms for cable layer....

Trade Wind News Published 4y-3mo-3w-4d-17h-45m ago

Tradewindsnews

Red-hot market moves Sinokor to reactivate laid-up LNG carrier trio

South Korean shipowner moves to cash in as hunt for charter free tonnage continues....

Trade Wind News Published 4y-3mo-3w-4d-18h-30m ago

Tradewindsnews

New Year resolution with impact: Urge ‘net zero’ of your company

It is time for us all to stand up and follow Mark Carney’s call and demand the companies we work for put in place a plan for net zero carbon emissions....

Trade Wind News Published 4y-3mo-3w-4d-18h-47m ago

Tradewindsnews

VLGC charter rates hit new high as 2021 opens on upbeat note

Hot fixture reported as strong market shows no sign of slowing....

Trade Wind News Published 4y-3mo-3w-4d-18h-47m ago

Tradewindsnews

Capesize futures jump up on optimism after banner year in 2020

Dry freight derivatives market could this year exceed expectations and earnings estimates, according to analysts....

Trade Wind News Published 4y-3mo-3w-4d-19h-15m ago

Tradewindsnews

Kumiai Navigation sells its oldest ship in fleet renewal move

Busandhara Group buys second 2003 built LPG carrier in less than six months....

Trade Wind News Published 4y-3mo-3w-4d-19h-44m ago

Tradewindsnews

Prem Watsa and employees vying to buy $560m Shipping Corp of India

Canadian shipowner said to be examining second Indian investment, while staff are also interested in privatisation process....

Trade Wind News Published 4y-3mo-3w-4d-20h-25m ago

Tradewindsnews

Libyan guards disrupt loading of Onassis suezmax at Hariga

Terminal is the subject of a sit in protest over salary arrears amid fears of regional escalation....

Trade Wind News Published 4y-3mo-3w-4d-21h-7m ago

Tradewindsnews

Year’s events could help shipping chart path towards calmer future

The next 12 months will likely see a normalising of US relations with world players, advances on decarbonisation from global powers and greater hope for the sector in capital markets....

Trade Wind News Published 4y-3mo-3w-4d-21h-43m ago

Tradewindsnews

Shipowner says 'armed' Iranian soldiers boarded Hankuk Chemi

DM Shipping describes how tanker crew received 10 to 20 minute warning of detention....

Trade Wind News Published 4y-3mo-3w-4d-22h-49m ago

Tradewindsnews

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

Norwegian tycoon takes a swipe at wasteful public shipowners, among other targets....

Trade Wind News Published 4y-3mo-3w-4d-23h-23m ago

Tradewindsnews

Singapore-based bunker tanker hit by Covid-19 outbreak

Nine crew come down with coronavirus as bunker tanker is sent into quarantine....

Trade Wind News Published 4y-3mo-3w-5d-45m ago

Tradewindsnews

Middle East offshore sector to gain as Qatar heals rift with Saudi Arabia and its allies

Shipping and trade links re established as Arab states end blockade against Qatar....

Trade Wind News Published 4y-3mo-3w-5d-2h-6m ago

Tradewindsnews

Middle East offshore sector boost as Qatar heals rift with Saudi Arabia and its allies

Shipping and trade links re established as Arab states end blockade against Qatar....

Trade Wind News Published 4y-3mo-3w-5d-2h-6m ago

Tradewindsnews

Shell LNG carrier and Cosco boxship team up to rescue British yachtsman

Gas carrier and containership served as communications platforms during rescue operation in Caribbean....

Trade Wind News Published 4y-3mo-3w-5d-2h-38m ago

Tradewindsnews

Fearnleys CEO Sorensen quits broker to take charge at Avance Gas

Head of Norwegian shipbroker turns shipowner in move to John Fredriksen backed VLGC owner....

Trade Wind News Published 4y-3mo-3w-5d-5h-41m ago

Tradewindsnews

Fearnleys CEO Sorensen quits to take charge at Avance Gas

Head of Norwegian shipbroker turns shipowner in move to John Fredriksen backed VLGC player....

Trade Wind News Published 4y-3mo-3w-5d-5h-41m ago

Tradewindsnews

Two ships signal Prelude as Shell prepares to fire up FLNG unit

World amp 39 s largest and most expensive LNG floater readied for restart after almost a year offline....

Trade Wind News Published 4y-3mo-3w-5d-5h-58m ago

Tradewindsnews

Nagasawa says NYK Line must adapt to 'rapid' changes in society

Japanese executive uses New Year speech to warn staff of more uncertainty heading their way....

Trade Wind News Published 4y-3mo-3w-5d-6h-1m ago

Tradewindsnews

Shipyards set sights on higher prices as cost of steel plate soars

Inflationary and currency pressures are forcing yards to recalculate pricing levels despite difficult newbuilding market....

Trade Wind News Published 4y-3mo-3w-5d-8h-6m ago

Tradewindsnews

Surprise Saudi self-sacrifice hurts tanker market prospects

Fewer tanker shipments likely as oil kingpin volunteers to reduce output by 1m bpd in February and March....

Trade Wind News Published 4y-3mo-3w-5d-10h-10m ago

Tradewindsnews

Navios Containers 'very attractive' buy for Navios Partners

Boxship rates have improved 46% since late November, according to Freightos index....

Trade Wind News Published 4y-3mo-3w-5d-10h-16m ago

Tradewindsnews

Iranian shipping company and an executive hit harder with US sanctions

Sanctions against IRISL arm and named senior official come as the US hits out at Iran amp 39 s steel industry....

Trade Wind News Published 4y-3mo-3w-5d-12h-40m ago

Tradewindsnews

How can US-listed shipping stocks climb out of the wreckage of 2020?

New York listings bleed a third of share value, failing to follow rare profits in 2019....

Trade Wind News Published 4y-3mo-3w-5d-16h-42m ago

Tradewindsnews

Wallenius Wilhelmsen bringing nine ships out of lay-up

Cold stacked vessels are being reactivated to replace tonnage on short term charters....

Trade Wind News Published 4y-3mo-3w-5d-16h-59m ago

Tradewindsnews

LNG carrier rates head higher as charterers search for ships

Flex LNG advances newbuilding deliveries as 2021 starts with bang....

Trade Wind News Published 4y-3mo-3w-5d-17h-1m ago

Tradewindsnews

Vincent Shipping boosts bulker fleet with chartered quartet

Norwegian outfit takes kamsarmaxes on charters with purchase options from Nisshin Shipping....

Trade Wind News Published 4y-3mo-3w-5d-17h-15m ago

Tradewindsnews

Paris MOU bans two ships for a year after repeated detentions

Cargo vessel and livestock carrier barred following previous exclusion orders....

Trade Wind News Published 4y-3mo-3w-5d-17h-55m ago

Tradewindsnews

Chinese gas player Jovo wins IPO approval to fund LNG carrier newbuildings

Trading house moves ahead with its midsize project at Jiangnan Shipyard....

Trade Wind News Published 4y-3mo-3w-5d-18h-18m ago

Tradewindsnews

Nakilat fixes out second charter-free LNG carrier to Shell

Qatari giant takes on next of its four joint venture speculatively ordered vessels....

Trade Wind News Published 4y-3mo-3w-5d-18h-47m ago

Tradewindsnews

Tanker tonne-mile picture brightens for next two years

But VesselsValue and ViaMar say challenging rate environment could last into 2022....

Trade Wind News Published 4y-3mo-3w-5d-18h-47m ago

Tradewindsnews

New Havyard ship repair firm finds experienced new managing director

Norwegian shipyard that will focus on repair activities after bankruptcy last year appoints new leadership as former head seeks new challenges....

Trade Wind News Published 4y-3mo-3w-5d-19h-31m ago

Tradewindsnews

Isle of Man register appoints Idwal's Kingdon in China

Ship registry says country has amp 39 huge and exciting amp 39 market potential....

Trade Wind News Published 4y-3mo-3w-5d-19h-33m ago

Tradewindsnews

Yang Ming sets up joint venture with NAXCO to boost French business

New company will support and develop Taiwanese line amp 39 s ambition to grow European market share....

Trade Wind News Published 4y-3mo-3w-5d-20h-20m ago

Tradewindsnews

The cook, the bosun, the pumps and a drunken rescue

Liverpool International Nordic Community Charity director Ulfar Norddahl shares colourful tales of easier going shipping days in the 1960s and 1970s....

Trade Wind News Published 4y-3mo-3w-5d-21h-47m ago

Tradewindsnews

A chance meeting with a chandler in the Runcorn Inn

After his crewing days, Ulfar Norddahl was recruited by a former British military officer to become a ship amp 39 s stores supplier....

Trade Wind News Published 4y-3mo-3w-5d-21h-47m ago

Tradewindsnews

Free wine and why it pays to stick to the agreed deal

Working from a shed in Liverpool docks, Ulfar Norddahl discovered ways of stopping pilfering, satisfying customs and the importance of paying commissions....

Trade Wind News Published 4y-3mo-3w-5d-21h-47m ago

Tradewindsnews

TNG refinances three MR tankers in $44m loan deal

Croatian shipowner taps Credit Agricole and Hamburg Commercial Bank for new funds....

Trade Wind News Published 4y-3mo-3w-5d-22h-14m ago

Tradewindsnews

Tufton Oceanic eyes fundraising drive as European family investor buys in

UK shipping fund says reorganisation has allowed executives Andrew Hampson and Paulo Almeida to increase stakes....

Trade Wind News Published 4y-3mo-3w-5d-22h-43m ago

Tradewindsnews

Qatar set to be welcomed back on Middle East shipping map

Thawing of icy relations between Saudi Arabia and its smaller neighbour expected at GCC meeting on Tuesday....

Trade Wind News Published 4y-3mo-3w-5d-22h-47m ago

Tradewindsnews

KSOE kicks off the New Year with boxship order worth $823m

Unnamed Asian company is behind deal for six 15,000 teu containerships, which are expected to run on LNG....

Trade Wind News Published 4y-3mo-3w-5d-23h-16m ago

Tradewindsnews

LNG carrier orders surprise, with 53 vessels contracted last year

But questions hang over yard prospects as tide of deliveries looms in 2021....

Trade Wind News Published 4y-3mo-3w-5d-23h-33m ago

Tradewindsnews

MOL CEO: Wakashio incident must never be allowed to happen again

Leader of world’s second largest shipowner says incident gave him a keen new awareness of the importance of ‘safe operation’....

Trade Wind News Published 4y-3mo-3w-6d-2h-8m ago

Tradewindsnews

FueLNG takes delivery of first LNG bunkering vessel for Singapore

....

Trade Wind News Published 4y-3mo-3w-6d-2h-10m ago

Tradewindsnews

Yangzijiang set for repeat performance in 2021, predicts analyst

China’s largest private shipbuilder could be on track for another bumper order haul, says Singapore’s UOB Kay Hian....

Trade Wind News Published 4y-3mo-3w-6d-6h-5m ago

Tradewindsnews

Zhonggu Logistics eyes 20 boxship newbuilding order worth $700m

Chinese liner giant set to use IPO proceeds to finance the contract for a large series of 4,600 teu panamaxes that will trade domestically....

Trade Wind News Published 4y-3mo-3w-6d-6h-12m ago

Tradewindsnews

Panama Canal gridlock could see LPG rates shoot up higher

A canal policy change means the number of ships waiting will only grow....

Trade Wind News Published 4y-3mo-3w-6d-8h-31m ago

Tradewindsnews

Hard-hit newbuilding market ends 2020 with $6bn order bonanza

Late bookings rush could be a sign of better things to come for shipyards after a disastrous year....

Trade Wind News Published 4y-3mo-3w-6d-8h-48m ago

Tradewindsnews

Pasha asks courts for clarity on newbuilding crewing issue

Three labour unions are vying for jobs on two Pasha Group newbuildings....

Trade Wind News Published 4y-3mo-3w-6d-13h-11m ago

Tradewindsnews

Argentina to withhold corn exports through February

Farmers are not happy with the delay, according to broker NABSA....

Trade Wind News Published 4y-3mo-3w-6d-13h-31m ago

Tradewindsnews

Argentina to withhold corn exports until the end of February

Farmers are not happy with the delay, according to broker NABSA....

Trade Wind News Published 4y-3mo-3w-6d-13h-31m ago

Tradewindsnews

Danaos poised to benefit as Zim mounts first US shipping IPO since 2018

Containership owner has been patient with its stake in Israeli containership operator....

Trade Wind News Published 4y-3mo-3w-6d-14h-45m ago

Tradewindsnews

Navios Maritime Partners to acquire Navios Containers in share deal

Bulker and boxship owner aims to simplify its company structure and lower capital costs....

Trade Wind News Published 4y-3mo-3w-6d-14h-50m ago

Tradewindsnews

LNG Croatia kicks off country's imports with first FSRU cargo

BP completes transfer of initial volumes to newly arrived regas unit....

Trade Wind News Published 4y-3mo-3w-6d-15h-7m ago

Tradewindsnews

Navigare Capital boxship robbed at anchor in Congo

Niledutch Breda raided by three suspects as crew mustered in citadel....

Trade Wind News Published 4y-3mo-3w-6d-15h-44m ago

Tradewindsnews

Saudi cargoship reported damaged by Houthi mine in Red Sea

Security consultancy Ambrey narrows down attack to one of two sisterships off Jizan....

Trade Wind News Published 4y-3mo-3w-6d-16h-33m ago

Tradewindsnews

China Minsheng signs sale-and-leaseback deal for four post-panamax bulkers with CSSC

Newbuildings under construction in China have been sold off to compatriot shipping giant, which will lease them back....

Trade Wind News Published 4y-3mo-3w-6d-16h-38m ago

Tradewindsnews

Lawyer Mike Phillips joins Watson Farley & Williams

Former Stephenson Harwood head of marine jumps ship to join rival London law firm....

Trade Wind News Published 4y-3mo-3w-6d-16h-39m ago

Tradewindsnews

Shipping’s most useless assets: the cruiseship newbuildings of 2020

Eleven cruiseships costing an estimated $6bn and delivered in 2020 have yet to carry a single paying passenger....

Trade Wind News Published 4y-3mo-3w-6d-16h-43m ago

Tradewindsnews

Crew discover seven raiders on OSM-managed car carrier in Morocco

Seafarers call in authorities to escort would be robbers from Viking Diamond....

Trade Wind News Published 4y-3mo-3w-6d-17h-41m ago

Tradewindsnews

Philippines bans foreign seafarers from 21 countries to halt new virus strains

Two week prohibition enacted to prevent crews disembarking if they have come from countries affected by more contagious strain of coronavirus....

Trade Wind News Published 4y-3mo-3w-6d-18h-10m ago

Tradewindsnews

Fearnley Securities blames shipping's 'abysmal' fundraising year on pandemic

Norwegian investment bank does not expect upturn in activity this year, with the next funding wave linked to propulsion developments....

Trade Wind News Published 4y-3mo-3w-6d-18h-45m ago

Tradewindsnews

Communist Party expels yard executive Hu Wenming for abuse of power

Former head of two key Chinese shipbuilding giants accused of using position for amp 39 money and sex amp 39 ....

Trade Wind News Published 4y-3mo-3w-6d-18h-47m ago

Tradewindsnews

South Korea asks Iran to release seized tanker, mobilises anti-piracy troops

DM Shipping reportedly denies Iran amp 39 s allegation that its tanker Hankuk Chemi pollutes waters in Middle East Gulf....

Trade Wind News Published 4y-3mo-3w-6d-19h-1m ago

Tradewindsnews

GEV completes design of new compressed hydrogen carrier

Australian company reveals more details of prototype renewable gas transport ship....

Trade Wind News Published 4y-3mo-3w-6d-19h-38m ago

Tradewindsnews

Veteran cruiseship Marco Polo heads to Indian recycling beach

New owner of former CMV vessel appears to have change of heart over plans to keep it cruising....

Trade Wind News Published 4y-3mo-3w-6d-19h-46m ago

Tradewindsnews

Former Alpha Bulkers capesize heads for the scrapyard

Demolition of the Alpha Era is fetches $2.4m more than its intended secondhand sale back in the summer of 2020....

Trade Wind News Published 4y-3mo-3w-6d-20h-16m ago

Tradewindsnews

Bigger is better when it comes to conflicts of interest, paper shows

Greek academics crunch data to shed light into some long standing complaints about listed shipping firms....

Trade Wind News Published 4y-3mo-3w-6d-20h-33m ago

Tradewindsnews

Seafarer dies after knife fight on tanker off Taiwan

Coastguard says incident took place on the New Progress in international waters on Friday....

Trade Wind News Published 4y-3mo-3w-6d-22h-30m ago

Tradewindsnews

Squire Patton Boggs continues expansion with new Singapore partner

Kate Sherrard joins US headquartered law firm from Clifford Chance....

Trade Wind News Published 4y-3mo-3w-6d-22h-37m ago

Tradewindsnews

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

Containerised aluminium air units that do not need recharging go into joint development and pilot project on sea river ship....

Trade Wind News Published 4y-3mo-3w-6d-23h-26m ago

Tradewindsnews

Evergreen boxship loses containers off Japan in rough weather

UK MAIB expected to launch investigation into latest incident aboard Taiwanese owner’s UK flagged vessel....

Trade Wind News Published 4y-3mo-4w-3h-11m ago

Tradewindsnews

Singapore to tighten Covid-19 checks after LR surveyor catches virus

Class society said to have suspended all its shipboard survey and audit activities in Singapore....

Trade Wind News Published 4y-3mo-4w-5h-53m ago

Tradewindsnews

Mine discovered on Dynacom-connected tanker in Middle East Gulf

The attack comes after two suspected minings in the Red Sea....

Trade Wind News Published 4y-4mo-12h-12m ago

Tradewindsnews

Iraq works to defuse mine found on Dynacom-connected tanker

Government confirms explosive device discovered on suezmax....

Trade Wind News Published 4y-4mo-12h-12m ago

Tradewindsnews

Flex LNG comes back for another round of share buybacks

Shares have risen in both New York and Oslo since the plan was put in place in November....

Trade Wind News Published 4y-4mo-14h-15m ago

Tradewindsnews

Chilean boxship terminal to spend $44m on boosting capacity

San Antonio Terminal Internacional will stay in Puerto San Antonio through 2030....

Trade Wind News Published 4y-4mo-14h-20m ago

Tradewindsnews

'Patent troll' ropes Hapag-Lloyd into infringement disputes

It is the second liner operator to be sued after Maersk....

Trade Wind News Published 4y-4mo-15h-42m ago

Tradewindsnews

Fincantieri's bid for Chantiers de l’Atlantique given last-minute reprieve

Deadline for takeover of French shipbuilder extended by another month....

Trade Wind News Published 4y-4mo-16h-57m ago

Tradewindsnews

Seadrill strikes forbearance deal with raft of lenders — but not all

John Fredriksen backed rig and drillship owner strikes deal protecting against defaults until 29 January....

Trade Wind News Published 4y-4mo-17h-22m ago

Tradewindsnews

2020 in graphs: Despite rebound, this was the worst year for dry bulk rates since 2016

Baltic Dry Index ends year in a better place than 12 months ago, but average rates for the year are down....

Trade Wind News Published 4y-4mo-18h-44m ago

Tradewindsnews

Jungerhans refinances fleet of 10 heavylift vessels

Deal with financiers leaves German owner ‘well positioned’ for market recovery....

Trade Wind News Published 4y-4mo-18h-47m ago

Tradewindsnews

DNV GL's Orbeck-Nilssen backs surveyors amid industry dash to remote inspection

Knut Orbeck Nilssen stresses the human element will always be critical in assessing ship safety....

Trade Wind News Published 4y-4mo-21h-45m ago

Tradewindsnews

Cruise fleet growth slows as Covid-19 leads to parity between disposals and deliveries

Battered sector is using the pandemic as an opportunity to get rid of amp 39 dead wood amp 39 , analyst says....

Trade Wind News Published 4y-4mo-21h-45m ago

Tradewindsnews

DSME terminates $770m containership order over unmet conditions

Sources link mixed order to Singapore amp 39 s Eastern Pacific Shipping....

Trade Wind News Published 4y-4mo-22h-56m ago

Tradewindsnews

Greece fails to sell Hellenic Shipyards but may try again

Government and creditors of historic Niarchos yard reject the single bid they received as too low....

Trade Wind News Published 4y-4mo-23h-25m ago

Tradewindsnews

SGMF unveils its women in gas-fuelled shipping for 2020

WiGS see a subtle positive change in attitudes developing towards those working in their sector....

Trade Wind News Published 4y-4mo-23h-25m ago

Tradewindsnews

J3 Consortium sends oldest LNG carrier to India for recycling

Veteran steam powered LNG carrier becomes the seventh LNG sold for recycling in 2020....

Trade Wind News Published 4y-4mo-1d-2h-56m ago

Tradewindsnews

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

Leading bulker builder is ready to deal directly with owners in Greece again....

Trade Wind News Published 4y-4mo-1d-8h-33m ago

Tradewindsnews

Boxships stay busy into year's end amid port congestion

Almost two thirds of idle vessels are sitting in shipyards, according to Alphaliner....

Trade Wind News Published 4y-4mo-1d-11h-48m ago

Tradewindsnews

Noncompliant Castor Maritime backs $15m loan with two ships

New York listed owner posted narrow deficit for third quarter of 2020....

Trade Wind News Published 4y-4mo-1d-13h-22m ago

Tradewindsnews

Non-compliant Castor Maritime backs $15m loan with two ships

New York listed owner posted narrow deficit for third quarter of 2020....

Trade Wind News Published 4y-4mo-1d-13h-22m ago

Tradewindsnews

Fjord Line poaches top man from rival DFDS

Move comes as Norwegian company suffers losses due to Covid 19....

Trade Wind News Published 4y-4mo-1d-15h-5m ago

Tradewindsnews

South Korean liner operators prodded by government to form K-Alliance

Five shipping lines team up in bid to alleviate fierce competition on intra Asian trades....

Trade Wind News Published 4y-4mo-1d-16h-32m ago

Tradewindsnews

Maran Tankers sells 20-year-old VLCC amid clear-out of older ships

Greek company left with 42 trading VLCCs and two newbuildings after sale....

Trade Wind News Published 4y-4mo-1d-16h-49m ago

Tradewindsnews

MSC closes gap on Maersk as smaller carriers climb the capacity rankings

Smaller operators led by HMM, Zim and Wan Hai make greatest gains in top 12 rankings....

Trade Wind News Published 4y-4mo-1d-17h-46m ago

Tradewindsnews

Bocomm Leasing splashes $900m on ultra-large containership newbuildings

The Chinese leasing company ordered the 24,000 teu vessels on the back of long term charters from MSC....

Trade Wind News Published 4y-4mo-1d-18h-43m ago

Tradewindsnews

NYK Line gets boxship bonus but reveals dry bulk losses

Japanese shipping company is set to announce extraordinary loss linked to dry bulk reforms....

Trade Wind News Published 4y-4mo-1d-22h-28m ago

Tradewindsnews

Reederei Nord and Primorsk port settle allision row for $7.2m

German shipowner pays compensation to Russian terminal for damage to moor caused by tanker....

Trade Wind News Published 4y-4mo-1d-23h-5m ago

Tradewindsnews

Yangzijiang nets orders for ultra-large containerships and LNG-tank carriers worth $350m

Fresh bookings bring total number of newbuilding contracts secured by Chinese shipbuilder to 53 vessels in 2020....

Trade Wind News Published 4y-4mo-2d-2h ago

Tradewindsnews

Shell extends charter of FPSO Espirito Santo for further five years

Contract renewal sees energy giant continue with FPSO charter until December 2028....

Trade Wind News Published 4y-4mo-2d-2h-46m ago

Tradewindsnews

Virgo Shipping buys Ezion Holdings liftboat for $22m

Proceeds of bank driven sale will be used to repay secured bank loans....

Trade Wind News Published 4y-4mo-2d-3h-54m ago

Tradewindsnews

Strike causing backup on Argentina's Parana River to end on Wednesday

The stand off has led to more than 140 bulkers waiting to be loaded on the main waterway....

Trade Wind News Published 4y-4mo-2d-11h-29m ago

Tradewindsnews

Tanker rates could improve in 2021, despite expected difficulties

Oil supply will rise toward the end of 2021, supporting rates, Alphatanker said, but not before the market experiences some choppiness....

Trade Wind News Published 4y-4mo-2d-12h-16m ago

Tradewindsnews

Eagle Bulk confirms buying two ultramax bulkers for $34m

The New York listed owner has purchased three ultramaxes from Scorpio Bulkers, TradeWinds has reported....

Trade Wind News Published 4y-4mo-2d-15h-12m ago

Tradewindsnews

Maersk Broker overhauls research to build 'bigger and broader' desk

Research, advisory and valuation services to be merged on New Year amp 39 s Day....

Trade Wind News Published 4y-4mo-2d-15h-25m ago

Tradewindsnews

A birth, a suicide and a rebound: these 10 stories were the most read by TradeWinds subscribers

Readers looked beyond the pandemic to focus on other topics, including redundancies at Heidmar, the people who will shape the future of shipping and a photo of a baby....

Trade Wind News Published 4y-4mo-2d-15h-57m ago

Tradewindsnews

Maersk beats other major carriers in new ESG liner ranking

Danish carrier and Evergreen leading green rankings, while Singapore amp 39 s PIL continues to languish in last place....

Trade Wind News Published 4y-4mo-2d-16h-52m ago

Tradewindsnews

Louis Dreyfus sells handysize as bulker values mount modest rebound

Lessor Ocean Yield pockets small profit after French shipowner exercises option to offload handysize....

Trade Wind News Published 4y-4mo-2d-17h-4m ago

Tradewindsnews

Two men charged with endangering safety in Navios tanker hijacking

Five more men involved in the dramatic incident resolved by UK special forces remain out on bail....

Trade Wind News Published 4y-4mo-2d-19h-7m ago

Tradewindsnews

K Line starts profit review after strong ONE performance

Booming containership market prompts Japanese liner company to revisit earnings forecast....

Trade Wind News Published 4y-4mo-2d-22h-14m ago

Tradewindsnews

Chinese court sells first of two remaining SAM Shipping's supramaxes bulkers

China’s Ningbo Ocean Shipping emerges as victor at auction of Swiss dry bulk player’s second last pair ship....

Trade Wind News Published 4y-4mo-3d-12m ago

Tradewindsnews

China gives nod of approval for South Korean shipyard mega-merger

South Korean shipyard merger deemed not to violate antitrust rules or hurt fair competition in China amp 39 s economy....

Trade Wind News Published 4y-4mo-3d-3h ago

Tradewindsnews

Cyprus revives long-haul ferry link to European continent

Island nation offers subsidies to reactivate one of the longest ferry routes in the Mediterranean....

Trade Wind News Published 4y-4mo-3d-3h-47m ago

Tradewindsnews

Navigator Gas gets new director as BW Group deal closes

....

Trade Wind News Published 4y-4mo-3d-8h-6m ago

Tradewindsnews

Seacor Holdings shareholders cry foul over financial disclosures

Seacor allegedly failed to disclose important information in its merger documents....

Trade Wind News Published 4y-4mo-3d-13h-36m ago

Tradewindsnews

Arista completes fleet clear-out with sale of last bulker

Alexander Panagopulos led outfit is believed to have sold all of its four vessels, leaving market players guessing about the Greek owner amp 39 s next moves....

Trade Wind News Published 4y-4mo-3d-19h-10m ago

Tradewindsnews

Zodiac sells 25-year-old ore carrier for demolition

The company makes rare confirmation of green recycling deal for its Wugang Atlantic unit....

Trade Wind News Published 4y-4mo-3d-19h-14m ago

Tradewindsnews

Seacon adds kamsarmax newbuilding pair to growing fleet

Chinese shipping company expands both with newbuildings and with secondhand bulkers....

Trade Wind News Published 4y-4mo-3d-19h-41m ago

Tradewindsnews

Pan Ocean confirms LNG carrier order, likely for Portuguese contract

Investment details point to the South Korean shipowner concluding a long term charter deal with Galp Energia....

Trade Wind News Published 4y-4mo-3d-20h-26m ago

Tradewindsnews

Signature Living calls in the auctioneers to sell unwanted cruise veteran

British hotel group wants to rid itself of classic cruiser quickly as trading sale prospects look bleak....

Trade Wind News Published 4y-4mo-3d-23h-7m ago

Tradewindsnews

Royal Caribbean cruiseship sails over to Indian start-up Cordelia Cruises

New cruise operator buys Jalesh Cruises brand and hires its chief executive Jurgen Bailom....

Trade Wind News Published 4y-4mo-4d-1h-30m ago

Tradewindsnews

Eagle Bulk takes third Scorpio ultramax under the Christmas tree

Connecticut owner amp 39 s recent equity raise continues to fuel fleet renewal....

Trade Wind News Published 4y-4mo-1w-13h-17m ago

Tradewindsnews

Diana Shipping fixes capesize bulker for most of 2021

New York listed owner has sold four ships this year....

Trade Wind News Published 4y-4mo-1w-13h-20m ago

Tradewindsnews

Aegean Shipping doubles tanker newbuilding tally at Cosco

George Melissanidis led outfit exercises option for third aframax at its preferred Chinese shipbuilding partner and signs letter of intent for fourth....

Trade Wind News Published 4y-4mo-1w-14h-9m ago

Tradewindsnews

Charitable organisations reach out to seafarers during Christmas

They help seamen with amp 39 really anything they need amp 39 , Seafarers International House chaplain Ruth Setaro said....

Trade Wind News Published 4y-4mo-1w-15h-10m ago

Tradewindsnews

Foresight names new drilling head for future expansion

Mid sized, nimble companies can survive the oil exploration industry’s woes, says Foresight founder Ravi Mehrotra....

Trade Wind News Published 4y-4mo-1w-16h-14m ago

Tradewindsnews

Vitol returns to fix Kyklades newbuilding suezmax on 15-month charter

Trading giant shows renewed appetite for period tonnage after staying quiet for some months....

Trade Wind News Published 4y-4mo-1w-18h-37m ago

Tradewindsnews

Bahamas considers safety measures after probe into crew poisoning

Cargo fumigation led to fatality and poisoning of three crew members in accommodation unit....

Trade Wind News Published 4y-4mo-1w-20h-17m ago

Tradewindsnews

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

Ships to be built at Imabari Shipbuilding and Japan Marine United....

Trade Wind News Published 4y-4mo-1w-23h-11m ago

Tradewindsnews

Moving east: Product tanker owners take cues from recovery in Asia oil demand

Prospects for east of Suez earnings have brightened in recent weeks while Western markets remain in the doldrums....

Trade Wind News Published 4y-4mo-1w-23h-32m ago

Tradewindsnews

Cosco Shipping mulls orders for very large ethane carriers

Chinese shipowner likely to rope in Mitsui OSK Lines on the VLEC newbuildings project....

Trade Wind News Published 4y-4mo-1w-1d-2h-49m ago

Tradewindsnews

United Maritime Egypt buys Baltic battery hybrid ferry

Veteran ferry trades the icy Baltic for the warm waters of the Red Sea....

Trade Wind News Published 4y-4mo-1w-1d-3h-57m ago

Tradewindsnews

US-Russia fight over gas pipeline could mean more shipping sanctions

The US is said to be readying even more sanctions as it tries to finish off the nearly complete gas pipeline....

Trade Wind News Published 4y-4mo-1w-1d-10h-21m ago

Tradewindsnews

Ridgebury takes suezmax pair from Diamond S in pre-Christmas shopping

Private equity backed owner looks set for asset play with its first ship purchases in 2020....

Trade Wind News Published 4y-4mo-1w-1d-10h-58m ago

Tradewindsnews

Cruisers willing to sail despite Covid disaster: CLIA survey

Three quarters of cruise fans will sail in next few years, study showed....

Trade Wind News Published 4y-4mo-1w-1d-11h-30m ago

Tradewindsnews

'Arms race:' industry details new cyber guidelines as attacks ramp up

The revised document comes ahead of requirements cyber risk be included in key safety documents....

Trade Wind News Published 4y-4mo-1w-1d-11h-35m ago

Tradewindsnews

Bouchard looks to the courts, hoping for key safety documents

The company needs key safety documents to get its ATBs back on the water....

Trade Wind News Published 4y-4mo-1w-1d-13h-5m ago

Tradewindsnews

Mercuria acquires vintage VLCC from Angelicoussis in rare deal

Trading giant enters a ‘new area’ as Maran Tankers continue to shed old tonnage....

Trade Wind News Published 4y-4mo-1w-1d-14h-2m ago

Tradewindsnews

Pilot-related accidents cost P&I clubs $1.8bn over 20 years

The International Group of P amp I Clubs has been counting the cost of pilot related accidents over the last two decades....

Trade Wind News Published 4y-4mo-1w-1d-14h-57m ago

Tradewindsnews

Golar LNG completes FSRU conversion and sale to Croatian firm

After the acceptance, Golar LNG secures approximately $47m in free cash....

Trade Wind News Published 4y-4mo-1w-1d-15h-10m ago

Tradewindsnews

Wan Hai Lines launches raid on post-panamax boxship market

Taiwanese shipowner dips into $360m fund to buy four vessels from shipowners Schulte and Eastern Pacific....

Trade Wind News Published 4y-4mo-1w-1d-16h-35m ago

Tradewindsnews

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

Four owners ink long awaited contracts for 17 ships with two shipbuilders....

Trade Wind News Published 4y-4mo-1w-1d-18h-46m ago

Tradewindsnews

Epic Gas merges with Lauritzen Kosan to create 77-ship LPG major

Andreas Sohmen Pao strikes again in gas arena with formation of BW Epic Kosan....

Trade Wind News Published 4y-4mo-1w-1d-18h-51m ago

Tradewindsnews

Abandoned Probulk ships scrapped as lenders weigh options

Creditors of defunct Probulk Shipping amp Trading may still take more action after Djibouti courts amp 39 unilateral move to sell off the Greek outfit amp 39 s final vessels....

Trade Wind News Published 4y-4mo-1w-1d-19h-51m ago

Tradewindsnews

Hapag-Lloyd inks $1bn order for six ultra-large container vessels

German box line pens order with DSME for 23,500 teu dual fuel containerships....

Trade Wind News Published 4y-4mo-1w-1d-20h-11m ago

Tradewindsnews

BW LPG incident off Panama also involved Eneos ship

Allision involved a gas carrier owned by the Japanese energy group Eneos Ocean....

Trade Wind News Published 4y-4mo-1w-1d-20h-18m ago

Tradewindsnews

Costa Cruises aims for zero-emission cruiseships as newbuilding is delivered

Carnival Corp’s Italian brand puts sustainability on the priority list for future newbuildings....

Trade Wind News Published 4y-4mo-1w-1d-22h-5m ago

Tradewindsnews

Ten things shipping learned to do in 2020

But will the industry still be doing them in 2021 ....

Trade Wind News Published 4y-4mo-1w-1d-23h-31m ago

Tradewindsnews

Keppel O&M wraps up US legal obligations in Petrobras corruption case

Singaporean shipyard group claims lessons have been learned and compliance has been tightened up....

Trade Wind News Published 4y-4mo-1w-2d-3h-32m ago

Tradewindsnews

Su Yin Anand: Year of challenges 'resulted in a flight to innovation'

Maritime lawyer and founder of The Captain amp 39 s Table innovation programme says it is a great time for people who want to make a real impact to get on board with s....

Trade Wind News Published 4y-4mo-1w-2d-4h-55m ago

Tradewindsnews

Grindrod executes sale and leaseback deal for MR tanker

The company also expects to take delivery of a chartered in newbuilding on Wednesday....

Trade Wind News Published 4y-4mo-1w-2d-8h-47m ago

Tradewindsnews

Panamax rates continue to fall amid 'bloodbath' in Pacific

Those for other asset classes remain flat as Christmas approaches....

Trade Wind News Published 4y-4mo-1w-2d-9h-22m ago

Tradewindsnews

Flex's Kalleklev believes LNG carrier rates can stay strong

Congestion at the Panama Canal is pushing ships around the Cape of Good Hope, limiting tonnage....

Trade Wind News Published 4y-4mo-1w-2d-11h-29m ago

Tradewindsnews

Funding for UK maritime decarbonisation offered as key target area

Deadline looming for take up of Carbon 13 scheme that backs start start up ventures aiming to find innovative ways to cut emissions for British shipping industr....

Trade Wind News Published 4y-4mo-1w-2d-11h-40m ago

Tradewindsnews

Carbon emissions: Eagle Bulk sets a precedent for other US-listed owners

Stamford owner is also first US based company to agree to new protocol....

Trade Wind News Published 4y-4mo-1w-2d-12h-37m ago

Tradewindsnews

Scorpio Services insiders rally to the aid of both public owners

Large block buys reversed a slide in Scorpio Bulkers shares, and reached record numbers in Scorpio Tankers....

Trade Wind News Published 4y-4mo-1w-2d-14h-37m ago

Tradewindsnews

Greek shipping minister reports for duty after recovering from Covid-19

Yiannis Plakiotakis leaves hospital, as shipowner donations continue flowing in to help Greece cope with the pandemic....

Trade Wind News Published 4y-4mo-1w-2d-14h-55m ago

Tradewindsnews

Box market rally tipped to stay strong through to mid-2021

Demand is keeping rates sky high but AlixPartners tips a return to normal next year....

Trade Wind News Published 4y-4mo-1w-2d-15h-52m ago

Tradewindsnews

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

Sources say Greek shipowner may have exercised options for pair of 174,000 cbm newbuildings....

Trade Wind News Published 4y-4mo-1w-2d-16h-2m ago

Tradewindsnews

Alleged patent troll sets sights on Maersk container tracking

Company backed by a businessman and attorney who spent nearly 15 years litigating online banking patents takes on containership giant....

Trade Wind News Published 4y-4mo-1w-2d-16h-47m ago

Tradewindsnews

US seeks to strangle Chinese state yard giant with growing stack of sanctions

Washington targets CSSC for its military ties, but the impact on the world’s largest builder of merchant ships remains uncertain....

Trade Wind News Published 4y-4mo-1w-2d-16h-47m ago

Tradewindsnews

SK Shipping wins legal fight with Capital Maritime over VLCC charter terminations

But judge concedes that owner amp 39 s approach to maintenance amp 39 involved pushing the edge of the envelope amp 39 ....

Trade Wind News Published 4y-4mo-1w-2d-18h-42m ago

Tradewindsnews

Fredriksen vs Sohmen-Pao? BW LPG snaps up 9% chunk of Avance Gas

VLGC giant’ stake buy in Fredriksen controlled rival prompts M amp A talk....

Trade Wind News Published 4y-4mo-1w-2d-18h-54m ago

Tradewindsnews

Sumitomo Corp confirms restructuring of shipping business

Shipowning subsidiary understood to be quietly selling vessels and being wound up....

Trade Wind News Published 4y-4mo-1w-2d-19h-7m ago

Tradewindsnews

Byzantine Maritime books LPG carrier newbuilding at Hyundai Mipo

Byzantine amp 39 s three midsize newbuildings at HMD will run on conventional fuels instead of LPG....

Trade Wind News Published 4y-4mo-1w-2d-21h-18m ago

Tradewindsnews

CMA CGM-chartered boxship escapes Gulf of Guinea attack

Crew and ship are safe after pirates were prevented from taking control....

Trade Wind News Published 4y-4mo-1w-2d-21h-40m ago

Tradewindsnews

More Xihe tankers find willing buyers with London connections

Aeolos Management and Union Maritime tipped as latest beneficiaries of troubled Singaporean owner amp 39 s fleet sell off....

Trade Wind News Published 4y-4mo-1w-2d-23h-42m ago

Tradewindsnews

Drydock commissioning spearheads diversification for Malaysian ship repair group MMHE

Analysts predict Malaysian yard group amp 39 s new drydock will help it reduce bottlenecks and take on more projects....

Trade Wind News Published 4y-4mo-1w-3d-2h-41m ago

Tradewindsnews

First Gen changes line up of preferred bidder trio for FSRU

Philippines company moves ahead with latecomer Dynagas now in the running....

Trade Wind News Published 4y-4mo-1w-3d-5h-9m ago

Tradewindsnews

Euroseas gets lucrative charter extension for fourth boxship

The New York listed owner did not disclose charterers....

Trade Wind News Published 4y-4mo-1w-3d-7h-29m ago

Tradewindsnews

Pangaea restores shareholder dividend in hopeful sign of market recovery

Niche specialist bringing back smaller distribution about one year after pulling payout on Covid 19 impact....

Trade Wind News Published 4y-4mo-1w-3d-8h-3m ago

Tradewindsnews

VLCC rates jump on pre-Christmas charter activity

Spot earnings for benchmark Middle East Gulf China route reach three month high while market mood in Atlantic remains strong....

Trade Wind News Published 4y-4mo-1w-3d-9h-59m ago

Tradewindsnews

Downdraft: Scorpio Bulkers shares plunge on news of $500m write-down

Dry owner amp 39 s latest news on switch to wind sector does not seem to be sitting well with investors....

Trade Wind News Published 4y-4mo-1w-3d-11h-17m ago

Tradewindsnews

Edison Chouest cuts deal for PSV battery power installation

Contract with a amp 39 major oil and gas company amp 39 comes after rival Harvey Gulf carries out battery test on PSV....

Trade Wind News Published 4y-4mo-1w-3d-12h-31m ago

Tradewindsnews

CMA CGM-operated boxship reportedly attacked off Gulf of Guinea

Security experts say the vessel was boarded south of the Brass Terminal....

Trade Wind News Published 4y-4mo-1w-3d-13h-5m ago

Tradewindsnews

Safe Bulkers orders second energy-efficient ship in two months

Athens based owner expects to take delivery of both vessels in 2022....

Trade Wind News Published 4y-4mo-1w-3d-13h-5m ago

Tradewindsnews

Diana Shipping sells fourth bulker this year as panamax finds buyer

New York listed shipowner also fixes bulker for at least 15 months....

Trade Wind News Published 4y-4mo-1w-3d-15h ago

Tradewindsnews

Tufton Oceanic prime suspect as Genco swaps older ships for three ultramaxes

New York owner gets creative in shedding six older handysize vessels while continuing fleet renewal....

Trade Wind News Published 4y-4mo-1w-3d-15h-32m ago

Tradewindsnews

Boxship market on fire as owners cash-in on rising asset values

Zodiac and Thenamaris profit, while Oaktree heads lists of funds looking for the exit....

Trade Wind News Published 4y-4mo-1w-3d-16h-24m ago

Tradewindsnews

George Economou in $76m sale of modern newcastlemax duo

Angelicoussis company Maran Dry and JP Morgan are swooping on big bulkers offloaded by the major Greek shipowner....

Trade Wind News Published 4y-4mo-1w-3d-17h-36m ago

Tradewindsnews

IACS to elect its leader as it sets up new policy group

Classification society association modernises its leadership for quicker and better decision making....

Trade Wind News Published 4y-4mo-1w-3d-18h-45m ago

Tradewindsnews

Hyundai yards land $529m in orders from European owners

Marinakis amp 39 Capital Maritime amp Trading is said to be among shipowners booking newbuildings....

Trade Wind News Published 4y-4mo-1w-3d-18h-54m ago

Tradewindsnews

Ro-ros halted amid traffic jams as France bans freight traffic from UK

New highly transmittable strain of Covid 19 leads European countries to stop ferry services connecting the UK to Europe and Ireland for at least 48 hours....

Trade Wind News Published 4y-4mo-1w-3d-19h-48m ago

Tradewindsnews

Hansa Tankers boosts chemical tanker pool with Tailwind-purchased ship

Tailwind Management brings together investor group to buy Japanese built vessel....

Trade Wind News Published 4y-4mo-1w-3d-20h-6m ago

Tradewindsnews

Japan Marine United and Imabari alliance prepped for launch after competition approval

Could the partners join forces for prospective order from ONE for 23,000 teu containerships ....

Trade Wind News Published 4y-4mo-1w-3d-20h-25m ago

Tradewindsnews

SITC orders up to 10 containerships worth a combined $270m

Chinese liner player says newbuildings will enable the expansion of its owned containership fleet....

Trade Wind News Published 4y-4mo-1w-3d-22h-6m ago

Tradewindsnews

US trade spat with China sees shipyards sanctioned

Wilbur Ross amp 39 commerce department bans more Chinese shipbuilding entities from buying American products....

Trade Wind News Published 4y-4mo-1w-3d-23h-33m ago

Tradewindsnews

P&I clubs scupper Ocean Builders’ crypto-community cruiseship project

Recently acquired ship sold for scrap as project developer gets crash course in maritime insurance rules and regulations....

Trade Wind News Published 4y-4mo-1w-4d-2h-32m ago

Tradewindsnews

BW LPG dual-fuel gas carrier involved in collision off Panama

Minor damage reported after BW Gemini struck by unnamed vessel while anchored off Cristobal....

Trade Wind News Published 4y-4mo-1w-4d-5h-11m ago

Tradewindsnews

Winds of change: Scorpio Bulkers takes massive $500m fleet sale write-down

All bulkers must go, as will management agreements with private group companies, owner confirms....

Trade Wind News Published 4y-4mo-1w-4d-10h-43m ago

Tradewindsnews

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

US investor MatlinPatterson claims at least $100m damages, accusing father and son of ‘borderline piracy’....

Trade Wind News Published 4y-4mo-1w-6d-13h-58m ago

Tradewindsnews

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

Belgium shipping group will take over Windcat Workboats with more hydrogen play on its mind....

Trade Wind News Published 4y-4mo-1w-6d-13h-59m ago

Tradewindsnews

Key investor Strategic Value Partners sours on Genco Shipping & Trading

Director quits as hedge fund indicates it could pull backing from dry bulk owner....

Trade Wind News Published 4y-4mo-1w-6d-15h-3m ago

Tradewindsnews

Brazil opening up coastal trade to overseas owners

Bill passed by lower house will allow companies to operate without building ships in domestic yards.....

Trade Wind News Published 4y-4mo-1w-6d-15h-19m ago

Tradewindsnews

JP Morgan buys Restis capesize on the back of secured employment

US investment firm makes third successive cape buy in weeks, as Greek owner sells first bulker in four years....

Trade Wind News Published 4y-4mo-1w-6d-15h-37m ago

Tradewindsnews

Is a Diamond S 'prexit' next on the WL Ross to-do list?

With its Navigator Holdings stake sold, attention turns to Connecticut tanker owner and a change to its board....

Trade Wind News Published 4y-4mo-1w-6d-16h-23m ago

Tradewindsnews

Neptune Shipyard wins order for sail ro-ro to carry rocket parts

French venture to operate vessel for ArianeGroup....

Trade Wind News Published 4y-4mo-1w-6d-16h-30m ago

Tradewindsnews

International Group sets up separate reinsurance terms for boxships

Move comes after costly run of casualties from fires and containers lost at sea that have resulted in significant claims....

Trade Wind News Published 4y-4mo-1w-6d-16h-36m ago

Tradewindsnews

Ernst Jacob adds another LR1 to Navig8's growing pool list

Expanding UK operation wins fifth ship from German owner....

Trade Wind News Published 4y-4mo-1w-6d-17h-8m ago

Tradewindsnews

Second boxship investor files lawsuit against Logothetis and Libra Group

Libra Group says it has tried to resolve the matter and claims investors have filed the lawsuit to apply pressure....

Trade Wind News Published 4y-4mo-1w-6d-17h-13m ago

Tradewindsnews

UECC bunkers liquified biogas blend in car carrier first

Finland’s Gasum uses LNG bunker vessel Coralius for ship to ship supply off Swedish port....

Trade Wind News Published 4y-4mo-1w-6d-17h-28m ago

Tradewindsnews

Digital shipping: Is data the new oil — or just snake oil?

TradeWinds webinar hears a plea for collaboration, but shipping players explain the need for companies to maintain their edge despite working together on tech s....

Trade Wind News Published 4y-4mo-1w-6d-18h-47m ago

Tradewindsnews

Nigeria LNG carrier attacked by pirates in Gulf of Guinea

Vessel carried out evasive moves as seafarers mustered in citadel....

Trade Wind News Published 4y-4mo-1w-6d-18h-51m ago

Tradewindsnews

Core Petroleum’s VLCC relet underscores bearish tanker market

US trader reportedly charters Olympic VLCC to Repsol at a low rate for up to 12 months....

Trade Wind News Published 4y-4mo-1w-6d-19h ago

Tradewindsnews

Insurers draw battle lines ahead of decision on ONE boxship claims

Controversy over who will pay for $200m container collapse could end in litigation....

Trade Wind News Published 4y-4mo-1w-6d-19h-53m ago

Tradewindsnews

Hyundai Glovis unmasked as latest mover on VLCC newbuildings

Domestic deal bolsters orderbook at world amp 39 s largest shipbuilder....

Trade Wind News Published 4y-4mo-1w-6d-19h-55m ago

Tradewindsnews

Greece's Modion expands fleet further with kamsarmaxes

Low profile player wraps up 2020 with acquisitions that hike its fleet by one third....

Trade Wind News Published 4y-4mo-1w-6d-20h ago

Tradewindsnews

Grieg Star aiming to build first tanker to use and carry green ammonia

Vessel being developed with Norwegian state backing will run on and transport the eco fuel....

Trade Wind News Published 4y-4mo-1w-6d-20h-26m ago

Tradewindsnews

Golden Union emerges as victor in battle for NYK capesize bulker

Greek owner trumps a long list of suitors vying for Japanese vessel put on the sales block in late November....

Trade Wind News Published 4y-4mo-1w-6d-20h-38m ago

Tradewindsnews

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

Dutch group wants to strengthen position in renewables sector....

Trade Wind News Published 4y-4mo-1w-6d-20h-41m ago

Tradewindsnews

PIL multipurpose vessel suffers fire in New Zealand port

Crew tested for Covid 19 had come directly from China but ship had been at sea for 17 days....

Trade Wind News Published 4y-4mo-1w-6d-21h-40m ago

Tradewindsnews

MOL blames ‘unsafe behaviour’ and ‘overconfidence’ for disastrous Wakashio grounding

Japanese charterer says crew attempted to sail within range of a mobile phone connection before grounding....

Trade Wind News Published 4y-4mo-1w-6d-21h-43m ago

Tradewindsnews

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

Siv Mathilde Oldeide told colleagues not to make tasks easier on grounds of her gender....

Trade Wind News Published 4y-4mo-1w-6d-22h-16m ago

Tradewindsnews

Ince warns of 'perfect storm' as exhausted crews face bigger pirate threat

Lawyers explain how owners can help seafarers through double crisis....

Trade Wind News Published 4y-4mo-1w-6d-22h-24m ago

Tradewindsnews

Ince: Shipping needs to prepare for the next pandemic

Vaccinating seafarers should be a major priority, lawyer says....

Trade Wind News Published 4y-4mo-1w-6d-22h-24m ago

Tradewindsnews

Japanese bulkers pulled from sales market in hope of better 2021 price prospects

Tonnage providers opt for time charters in anticipation of increasing asset values as freight rates projected to recover from the virus crisis....

Trade Wind News Published 4y-4mo-1w-6d-23h-58m ago

Tradewindsnews

Vegemite brings Christmas cheer to stranded Kembla crews

NSW Ports and The Mission to Seafarers team up to provide festive Christmas lunch....

Trade Wind News Published 4y-4mo-2w-3h-21m ago

Tradewindsnews

Rio Tinto names a former Maersk CFO as its new CEO

Jakob Stausholm appointed to top role as world’s second largest miner looks to restore its image....

Trade Wind News Published 4y-4mo-2w-4h-39m ago

Tradewindsnews

Port Kembla is latest Australian port to join wheat export rebirth

New South Wales terminal sees first major export of the grain since 2018, following prolonged state wide drought....

Trade Wind News Published 4y-4mo-2w-5h-52m ago

Tradewindsnews

Eagle Bulk in $25m equity raise to back two Scorpio additions

Stamford owner amp 39 s first equity raise in four years backstopped by core investor GoldenTree....

Trade Wind News Published 4y-4mo-2w-7h-33m ago

Tradewindsnews

Capesize congestion worsens amid bad weather, Covid delays

Number of large bulkers clogging Australian ports has doubled from last week, brokers say....

Trade Wind News Published 4y-4mo-2w-9h-16m ago

Tradewindsnews

Star Bulk Carriers buys three capesizes in ships-for-shares deal with ER Capital

Greek bulker owner has had options to acquire the vessels since August 2018 and is finally pulling the trigger....

Trade Wind News Published 4y-4mo-2w-14h-7m ago

Tradewindsnews

Diana Shipping continues capesize fixture with Koch Shipping

New York listed bulker owner has five other ships chartered to the commodities trader....

Trade Wind News Published 4y-4mo-2w-14h-9m ago

Tradewindsnews

Gunvor buys into ship tech venture led by Olympic champion sailor

Trading giant has acquired a minority stake in Artemis Technologies, which is developing zero emissions ferries in Belfast....

Trade Wind News Published 4y-4mo-2w-14h-15m ago

Tradewindsnews

UN agency rules governments’ handling of crew crisis is 'unlawful’

Landmark judgment orders governments to provide medical services to crew and repatriate stranded seafarers....

Trade Wind News Published 4y-4mo-2w-16h-15m ago

Tradewindsnews

Gil Ofer reveals line-up for second year of EPS tech start-up project

Maritime accelerator scheme involves companies trying to launch robotics, AI and machine vision businesses.....

Trade Wind News Published 4y-4mo-2w-17h-34m ago

Tradewindsnews

Thenamaris pares down swoop on Greathorse capesizes

Major Greek shipowner picks up only one of four bulkers it tied up on subjects in early November....

Trade Wind News Published 4y-4mo-2w-18h-27m ago

Tradewindsnews

Maran, Ridgebury and BULL dispose aged tankers in resilient asset market

Old tonnage still can command a decent price but outlook is weak due to earnings prospects....

Trade Wind News Published 4y-4mo-2w-18h-36m ago

Tradewindsnews

Greek tanker confirmed boarded for third time, despite false alarm claim

Gunman caught on handysize tanker amp 39 s CCTV off Nigeria....

Trade Wind News Published 4y-4mo-2w-18h-54m ago

Tradewindsnews

Restructured Bourbon to sell or scrap more than 100 ships

Bank owned offshore vessel giant has seen debt cut by more than $1.8bn, but still wants to reduce its vessel count....

Trade Wind News Published 4y-4mo-2w-18h-55m ago

Tradewindsnews

Former Bourbon PSV quartet sells at auction after 65% price cut

Sixth time lucky for Chinese lender ICBC as offshore vessels finally find buyers....

Trade Wind News Published 4y-4mo-2w-18h-55m ago

Tradewindsnews

Shearwater seals $437m refinancing after WesternGeco takeover

Geophysical shipping company taps lenders for new facility over two and four years....

Trade Wind News Published 4y-4mo-2w-18h-59m ago

Tradewindsnews

New Oman Shipping boss plots fleet renewal and charter talks

Shipowner says it is focusing on eco vessels and persuading charterers to renew deals....

Trade Wind News Published 4y-4mo-2w-19h-16m ago

Tradewindsnews

Breakers continue to gobble up capesizes in busy market

Alpha Bulkers and NYK shed older units, with more to come....

Trade Wind News Published 4y-4mo-2w-19h-17m ago

Tradewindsnews

Seaspan selling $200m of bonds to fund potential acquisitions

Containership owner looking to diversify capital base at attractive price....

Trade Wind News Published 4y-4mo-2w-21h-41m ago

Tradewindsnews

Industry think tank established to pave way for global vaccine roll-out

Shipping groups seek solutions to problems posed by inoculation challenge....

Trade Wind News Published 4y-4mo-2w-21h-51m ago

Tradewindsnews

Hellenic Shipyards sale may hit snag after receiving single bid

Greek shipping investor Theodore Priovolos offers $18.4m upfront for Stavros Niarchos founded yard, but the government in Athens may find this is too little....

Trade Wind News Published 4y-4mo-2w-21h-51m ago

Tradewindsnews

Bulker orders stack up in China as Jiangsu Ocean splashes out ultramaxes

Order for four ships split between two shipyards in the Cosco stable....

Trade Wind News Published 4y-4mo-2w-22h-22m ago

Tradewindsnews

Reborn Kleven yard secures new order as Age Remoy moves into wind sector

Shipbuilder bought by Green Yard in the summer wins vital new work....

Trade Wind News Published 4y-4mo-2w-22h-27m ago

Tradewindsnews

Okeanis recoups 65% of $40m scrubber costs as profit soars in 2020

Greek owner makes back $26m of capex as earnings set to top $100m....

Trade Wind News Published 4y-4mo-2w-22h-58m ago

Tradewindsnews

Royal Caribbean sells two cruiseships as restart date drags further into 2021

Miami based cruise operator sells two oldest ships in flagship brand for what appears to be further trading....

Trade Wind News Published 4y-4mo-2w-1d-1h-16m ago

Tradewindsnews

Keppel Corp to build $450m WTIV at US shipyard

Singapore company lifts veil on identity of company behind renewable vessel order announced in October....

Trade Wind News Published 4y-4mo-2w-1d-1h-51m ago

Tradewindsnews

Late VLCC surge adds sparkle to a dismal year for shipbuilders

Hyundai Samho nets fresh contract with Asian owner in end of year dash for newbuildings....

Trade Wind News Published 4y-4mo-2w-1d-5h-33m ago

Tradewindsnews

MOL takes delivery of Japan’s ‘first’ LNG-fuelled coastal bulker

Ship will deliver imported coal to countries largest coal fired power plant in Aichi prefecture....

Trade Wind News Published 4y-4mo-2w-1d-5h-50m ago

Tradewindsnews

War-risk rates set to rise after Red Sea ‘terror attack’ on Hafnia LR1

Owners face higher premiums as security threat spreads....

Trade Wind News Published 4y-4mo-2w-1d-8h-22m ago

Tradewindsnews

Capesize rates get boost from low supply in Atlantic Basin

Stronger cargo flow in Atlantic may cause counter seasonal rally in capesize rates, Breakwave Advisors amp 39 John Kartsonas said....

Trade Wind News Published 4y-4mo-2w-1d-11h-2m ago

Tradewindsnews

Hot LNG carrier charter rates can climb higher, Poten says

amp 39 Seasonal bump amp 39 set to last through winter period as wildcards could cancel out fleet growth concerns....

Trade Wind News Published 4y-4mo-2w-1d-11h-52m ago

Tradewindsnews

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

With LNG much cheaper than conventional fuels, Channoil Consulting and Gibson Shipbrokers see dual fuel vessels as a good investment....

Trade Wind News Published 4y-4mo-2w-1d-12h-26m ago

Tradewindsnews

Scorpio Bulkers sees higher price for latest ultramax sale

New York listed owner deals 28th vessel of the year as sales march continues....

Trade Wind News Published 4y-4mo-2w-1d-15h-4m ago

Tradewindsnews

GEV working on Brazilian deal for 'large fleet' of CNG ships

Potential contract is second project Australian owner is preparing for in South America....

Trade Wind News Published 4y-4mo-2w-1d-15h-37m ago

Tradewindsnews

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

Michael Fogarty had been a veteran of the old OMI Corp and was recruited to Diamond S by chief executive Craig H Stevenson Jr....

Trade Wind News Published 4y-4mo-2w-1d-16h-48m ago

Tradewindsnews

GNMTC on the prowl in S&P market for fleet renewal move

As its oldest aframaxes walk out the door, the Libyan state company is actively looking for modern, high specification ships to replace them....

Trade Wind News Published 4y-4mo-2w-1d-18h-21m ago

Tradewindsnews

Singapore-on-Thames? UK eyes tonnage tax changes but not everyone is happy

Sources have said the proposals were mistimed and could create greater friction with Europe during a critical time in Brexit negotiations....

Trade Wind News Published 4y-4mo-2w-1d-18h-35m ago

Tradewindsnews

Shipowner pair moves into top Greek construction firm

Altomare principals Dimitris Bakos and John Kaimenakis deepen their close partnership, jointly emerging as major shareholders in one of Greece’s biggest onshore....

Trade Wind News Published 4y-4mo-2w-1d-18h-44m ago

Tradewindsnews

Engine makers warn zero-emission marine fuels need green electricity

Renewably sourced power is needed for net zero emission fuels to make well to wake reductions in greenhouse gases, says engine makers amp 39 association....

Trade Wind News Published 4y-4mo-2w-1d-18h-45m ago

Tradewindsnews

'The currency of 2021 is emissions': Parker plots way forward for banks

Citi amp 39 s shipping head sets out his hopes for the coming months, including Chinese lenders joining the Poseidon Principles....

Trade Wind News Published 4y-4mo-2w-1d-18h-45m ago

Tradewindsnews

Probunkers applies for LNG bunkering license in Singapore

Athens based company set to revive bunker vessel newbuilding plans in the New Year....

Trade Wind News Published 4y-4mo-2w-1d-18h-53m ago

Tradewindsnews

Norden continues tanker sales and bulker acquisitions

Danish player has been shifting its market focus as it sees better earnings prospects on the dry side....

Trade Wind News Published 4y-4mo-2w-1d-18h-58m ago

Tradewindsnews

Eight more seafarers kidnapped from cargoship off Nigeria

Second successful boarding in two days emphasises need for utmost caution in Gulf of Guinea....

Trade Wind News Published 4y-4mo-2w-1d-19h-1m ago

Tradewindsnews

Booming boxship markets scupper Samherji's second offer for Eimskip

Icelandic company amp 39 s investors reject bid by fish processor....

Trade Wind News Published 4y-4mo-2w-1d-19h-17m ago

Tradewindsnews

New Louis Dreyfus venture orders French offshore wind vessels

French owner teams with UK amp 39 s Tidal Transit for crew transfer operations....

Trade Wind News Published 4y-4mo-2w-1d-19h-26m ago

Tradewindsnews

Bullish Swedish Club to set up shop in Singapore

Marine insurer is hopeful of expanding further in Asia following the success of its Hong Kong outpost....

Trade Wind News Published 4y-4mo-2w-1d-19h-32m ago

Tradewindsnews

U-Ming pumps $20m into Chinese bulker joint venture

Taiwanese shipowner eyes long term investment in groundbreaking service across Taiwan Strait....

Trade Wind News Published 4y-4mo-2w-1d-20h-3m ago

Tradewindsnews

SM Line back in profit as it bids for Hanjin Heavy yard

South Korean container line part of group hoping to take over domestic shipbuilder....

Trade Wind News Published 4y-4mo-2w-1d-21h-3m ago

Tradewindsnews

Greater arbitration transparency expected after UK Supreme Court move

Court clarifies the law on appointing arbitrators and apparent bias where multiple appointments overlap....

Trade Wind News Published 4y-4mo-2w-1d-21h-46m ago

Tradewindsnews

Turner Holm: Consensus says there's years of growth ahead for wind vessels

Head of research at Clarksons Platou Securities says that while rates are modest in the sector this year, there may be more investments in new vessels....

Trade Wind News Published 4y-4mo-2w-1d-22h-6m ago

Tradewindsnews

Andrew Yeoman: 'The digital version of the insurance market is just getting started'

Concirrus chief executive says 2020 was the amp 39 end of the beginning amp 39 as digitalisation and new operating models are being embraced....

Trade Wind News Published 4y-4mo-2w-1d-22h-6m ago

Tradewindsnews

Elina Papageorgiou: The industry has only 'scratched the surface' of remote surveys' possibilities

Lloyd amp 39 s Register amp 39 s UK and Ireland marine and offshore president says the ability to carry out surveys from afar is not new, but Covid 19 made it vital....

Trade Wind News Published 4y-4mo-2w-1d-22h-6m ago

Tradewindsnews

Nikos Triantafyllakis: 'We must not reach the point of transferring ashore responsibilities that must stay on board'

Chief executive of bulker operator W Marine says traditional seamanship values must be preserved, despite Covid 19 accelerating technology change....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

Korinna Tapaktsoglou: 'We have seen firm evidence of positive sentiment and higher rates'

Chief financial officer of Pioneer Marine says sale and purchase environment will allow bulker owners to renew their fleets....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

Gary Vogel: 'The table is set for a continued rebound'

Chief executive of Eagle Bulk Shipping says path is unchanged for the shipowner, with 2020 standing out as a amp 39 lost year amp 39 ....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

Thomas Wilhelmsen: 'The New Year will continue to pose uncharted psychosocial challenges for all of us'

Wilh Wilhelmsen Holding chief executive says group amp 39 s people must remain in focus as dedication takes its toll....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

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

Maran Gas Maritime master mariner says seafarers are facing challenges in Covid 19, but some new procedures are positives....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

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

Athenian Holdings chief executive explains need to decipher NH3, H2, C3, C4 and CH3OH....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

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

As shipping looks toward the post pandemic world, a cross section of the industry told TradeWinds what amp 39 s in store. Click on any of the names below to read their....

Trade Wind News Published 4y-4mo-2w-1d-22h-7m ago

Tradewindsnews

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

Chief executive of Adnoc Logistics amp Services says shipping should not lose sight of environmental focus as it rides the rebound....