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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 5y-2mo-5d-19h-12m 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 5y-2mo-5d-19h-56m 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 5y-2mo-5d-21h-29m 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 5y-2mo-5d-21h-34m 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 5y-2mo-5d-22h-13m 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 5y-2mo-5d-22h-13m 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 5y-2mo-5d-22h-28m 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 5y-2mo-5d-22h-45m 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 5y-2mo-5d-23h-6m 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 5y-2mo-5d-23h-14m 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 5y-2mo-5d-23h-21m 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 5y-2mo-5d-23h-41m 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 5y-2mo-6d-15m 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 5y-2mo-6d-16m 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 5y-2mo-6d-16m 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 5y-2mo-6d-54m 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 5y-2mo-6d-1h-1m 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 5y-2mo-6d-1h-17m 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 5y-2mo-6d-1h-37m 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 5y-2mo-6d-2h-17m 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 5y-2mo-6d-2h-36m ago

Tradewindsnews

Marinakis acquitted in Greek football trial

....

Trade Wind News Published 5y-2mo-6d-2h-58m 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 5y-2mo-6d-3h-7m 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 5y-2mo-6d-3h-8m 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 5y-2mo-6d-3h-9m 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 5y-2mo-6d-3h-9m 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 5y-2mo-6d-3h-29m 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 5y-2mo-6d-3h-51m 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 5y-2mo-6d-4h-30m 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 5y-2mo-6d-4h-52m 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 5y-2mo-6d-4h-53m 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 5y-2mo-6d-4h-53m 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 5y-2mo-6d-7h-44m 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 5y-2mo-6d-8h-44m 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 5y-2mo-6d-8h-54m 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 5y-2mo-6d-8h-58m 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 5y-2mo-6d-13h-46m 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 5y-2mo-6d-14h-47m 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 5y-2mo-6d-15h-41m 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 5y-2mo-6d-16h-23m 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 5y-2mo-6d-16h-23m 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 5y-2mo-6d-17h-24m 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 5y-2mo-6d-18h-35m 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 5y-2mo-6d-18h-57m 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 5y-2mo-6d-18h-57m 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 5y-2mo-6d-19h-18m 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 5y-2mo-6d-19h-22m 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 5y-2mo-6d-19h-46m 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 5y-2mo-6d-20h-57m 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 5y-2mo-6d-21h-37m 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 5y-2mo-6d-21h-52m 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 5y-2mo-6d-22h-4m 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 5y-2mo-6d-22h-10m 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 5y-2mo-6d-22h-11m 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 5y-2mo-6d-22h-11m 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 5y-2mo-6d-22h-54m 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 5y-2mo-1w 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 5y-2mo-1w-2m 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 5y-2mo-1w-11m 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 5y-2mo-1w-12m 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 5y-2mo-1w-19m 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 5y-2mo-1w-55m 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 5y-2mo-1w-1h-3m 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 5y-2mo-1w-1h-53m 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 5y-2mo-1w-2h-24m 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 5y-2mo-1w-3h-10m 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 5y-2mo-1w-3h-11m 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 5y-2mo-1w-3h-11m 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 5y-2mo-1w-4h-57m 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 5y-2mo-1w-4h-58m 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 5y-2mo-1w-4h-58m 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 5y-2mo-1w-6h-2m 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 5y-2mo-1w-9h-26m 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 5y-2mo-1w-14h 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 5y-2mo-1w-14h-34m 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 5y-2mo-1w-14h-45m 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 5y-2mo-1w-18h-34m 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 5y-2mo-1w-20h-25m 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 5y-2mo-1w-20h-37m 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 5y-2mo-1w-20h-43m 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 5y-2mo-1w-20h-50m 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 5y-2mo-1w-20h-52m 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 5y-2mo-1w-20h-52m 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 5y-2mo-1w-22h-3m ago

Tradewindsnews

Randy Giveans celebrates arrival of ‘sistership’

The busy analyst finds a new reason to be bullish in 2021....

Trade Wind News Published 5y-2mo-1w-22h-17m 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 5y-2mo-1w-22h-17m 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 5y-2mo-1w-23h-22m 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 5y-2mo-1w-23h-29m 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 5y-2mo-1w-1d-12m 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 5y-2mo-1w-1d-13m 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 5y-2mo-1w-1d-13m 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 5y-2mo-1w-1d-28m ago

Tradewindsnews

Valles Steamship tanker crew retreat to citadel after pirate approach

Potential attack on Seafrontier reportedly thwarted off Nigeria....

Trade Wind News Published 5y-2mo-1w-1d-38m 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 5y-2mo-1w-1d-44m 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 5y-2mo-1w-1d-58m 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 5y-2mo-1w-1d-1h-44m 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 5y-2mo-1w-1d-1h-47m 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 5y-2mo-1w-1d-2h-3m 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 5y-2mo-1w-1d-2h-18m 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 5y-2mo-1w-1d-4h-19m 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 5y-2mo-1w-1d-4h-29m 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 5y-2mo-1w-1d-4h-51m 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 5y-2mo-1w-1d-4h-51m 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 5y-2mo-1w-1d-4h-52m 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 5y-2mo-1w-1d-6h-16m 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 5y-2mo-1w-1d-6h-16m 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 5y-2mo-1w-1d-7h-37m 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 5y-2mo-1w-1d-7h-46m 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 5y-2mo-1w-1d-10h-34m 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 5y-2mo-1w-1d-10h-34m 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 5y-2mo-1w-1d-12h-52m 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 5y-2mo-1w-1d-12h-52m 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 5y-2mo-1w-1d-17h-38m 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 5y-2mo-1w-1d-17h-38m 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 5y-2mo-1w-1d-18h-2m 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 5y-2mo-1w-1d-18h-26m 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 5y-2mo-1w-1d-18h-55m 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 5y-2mo-1w-1d-19h-22m 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 5y-2mo-1w-1d-21h-31m 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 5y-2mo-1w-1d-22h-10m 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 5y-2mo-1w-1d-22h-10m 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 5y-2mo-1w-1d-22h-11m 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 5y-2mo-1w-1d-23h-32m 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 5y-2mo-1w-1d-23h-41m 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 5y-2mo-1w-2d-8m 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 5y-2mo-1w-2d-19m 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 5y-2mo-1w-2d-56m 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 5y-2mo-1w-2d-1h-11m 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 5y-2mo-1w-2d-1h-25m 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 5y-2mo-1w-2d-1h-34m 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 5y-2mo-1w-2d-1h-40m 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 5y-2mo-1w-2d-4h-9m 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 5y-2mo-1w-2d-4h-32m 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 5y-2mo-1w-2d-4h-33m 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 5y-2mo-1w-2d-4h-33m 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 5y-2mo-1w-2d-5h-49m 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 5y-2mo-1w-2d-6h-57m 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 5y-2mo-1w-2d-8h-30m 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 5y-2mo-1w-2d-10h-18m 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 5y-2mo-1w-2d-10h-18m 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 5y-2mo-1w-2d-10h-29m 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 5y-2mo-1w-2d-10h-30m 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 5y-2mo-1w-2d-23h-50m 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 5y-2mo-1w-4d-14h-5m 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 5y-2mo-1w-4d-14h-8m 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 5y-2mo-1w-4d-14h-11m 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 5y-2mo-1w-4d-15h-46m 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 5y-2mo-1w-4d-16h-6m 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 5y-2mo-1w-4d-19h-4m 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 5y-2mo-1w-4d-19h-29m 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 5y-2mo-1w-4d-19h-38m 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 5y-2mo-1w-4d-19h-53m 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 5y-2mo-1w-4d-20h-10m 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 5y-2mo-1w-4d-20h-10m 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 5y-2mo-1w-4d-20h-28m 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 5y-2mo-1w-4d-21h-41m 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 5y-2mo-1w-4d-22h-29m 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 5y-2mo-1w-4d-22h-30m 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 5y-2mo-1w-4d-23h-9m 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 5y-2mo-1w-4d-23h-11m 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 5y-2mo-1w-4d-23h-29m 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 5y-2mo-1w-4d-23h-37m 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 5y-2mo-1w-4d-23h-49m 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 5y-2mo-1w-5d-9m 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 5y-2mo-1w-5d-17m 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 5y-2mo-1w-5d-29m 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 5y-2mo-1w-5d-1h-20m 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 5y-2mo-1w-5d-2h-27m ago

Tradewindsnews

Disputes rise at German defence club Schutzverein

Coronavirus drives disputes with force majeure declarations and crew transfer issues....

Trade Wind News Published 5y-2mo-1w-5d-3h-10m 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 5y-2mo-1w-5d-4h-2m 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 5y-2mo-1w-5d-4h-50m 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 5y-2mo-1w-5d-4h-52m 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 5y-2mo-1w-5d-4h-54m 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 5y-2mo-1w-5d-8h-42m 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 5y-2mo-1w-5d-10h-28m 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 5y-2mo-1w-5d-10h-28m 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 5y-2mo-1w-5d-13h-19m ago

Tradewindsnews

Global Ship Lease announces public share offering

New York listed boxship owner has yet to price the offering....

Trade Wind News Published 5y-2mo-1w-5d-13h-35m ago

Tradewindsnews

Global Ship Lease announced public share offering

New York listed boxship owner has yet to price the offering....

Trade Wind News Published 5y-2mo-1w-5d-13h-35m 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 5y-2mo-1w-5d-15h-20m 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 5y-2mo-1w-5d-15h-38m ago

Tradewindsnews

Biden's transportation pick supportive of Jones Act

Meanwhile, the Biden administration appoints a deputy maritime administrator....

Trade Wind News Published 5y-2mo-1w-5d-17h-7m 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 5y-2mo-1w-5d-17h-9m 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 5y-2mo-1w-5d-17h-48m 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 5y-2mo-1w-5d-17h-48m 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 5y-2mo-1w-5d-18h-3m 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 5y-2mo-1w-5d-21h-48m 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 5y-2mo-1w-5d-22h-35m 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 5y-2mo-1w-5d-23h-9m 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 5y-2mo-1w-6d-7m 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 5y-2mo-1w-6d-14m 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 5y-2mo-1w-6d-14m 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 5y-2mo-1w-6d-15m 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 5y-2mo-1w-6d-26m 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 5y-2mo-1w-6d-37m 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 5y-2mo-1w-6d-1h-17m 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 5y-2mo-1w-6d-2h-11m 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 5y-2mo-1w-6d-3h-8m 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 5y-2mo-1w-6d-3h-10m 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 5y-2mo-1w-6d-4h-15m 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 5y-2mo-1w-6d-4h-57m 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 5y-2mo-1w-6d-4h-57m 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 5y-2mo-1w-6d-4h-58m 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 5y-2mo-1w-6d-6h-57m 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 5y-2mo-1w-6d-7h-33m 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 5y-2mo-1w-6d-7h-33m 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 5y-2mo-1w-6d-8h-41m 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 5y-2mo-1w-6d-10h-47m 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 5y-2mo-1w-6d-10h-47m 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 5y-2mo-1w-6d-14h-27m 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 5y-2mo-1w-6d-14h-42m 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 5y-2mo-1w-6d-15h-34m 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 5y-2mo-1w-6d-17h-21m 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 5y-2mo-1w-6d-17h-33m 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 5y-2mo-1w-6d-17h-59m 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 5y-2mo-1w-6d-18h-10m 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 5y-2mo-1w-6d-18h-10m 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 5y-2mo-1w-6d-21h-12m 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 5y-2mo-1w-6d-21h-24m 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 5y-2mo-1w-6d-22h-9m 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 5y-2mo-1w-6d-22h-11m 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 5y-2mo-1w-6d-22h-11m 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 5y-2mo-1w-6d-22h-13m 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 5y-2mo-1w-6d-22h-46m 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 5y-2mo-2w-7m ago

Tradewindsnews

Are negative tanker rates hypothetical in most cases?

Broking source explains the ins and outs of earnings calculations....

Trade Wind News Published 5y-2mo-2w-7m 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 5y-2mo-2w-7m 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 5y-2mo-2w-29m 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 5y-2mo-2w-39m 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 5y-2mo-2w-51m 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 5y-2mo-2w-2h-13m 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 5y-2mo-2w-3h-7m 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 5y-2mo-2w-3h-38m 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 5y-2mo-2w-3h-45m 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 5y-2mo-2w-4h-4m 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 5y-2mo-2w-4h-16m 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 5y-2mo-2w-4h-59m 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 5y-2mo-2w-5h-1m 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 5y-2mo-2w-5h-1m 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 5y-2mo-2w-6h-43m 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 5y-2mo-2w-8h-5m 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 5y-2mo-2w-8h-5m 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 5y-2mo-2w-10h-13m 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 5y-2mo-2w-10h-38m 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 5y-2mo-2w-10h-38m 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 5y-2mo-2w-14h-9m 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 5y-2mo-2w-15h-12m 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 5y-2mo-2w-16h-24m 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 5y-2mo-2w-16h-35m 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 5y-2mo-2w-16h-35m 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 5y-2mo-2w-17h-15m ago

Tradewindsnews

ICTSI completes expansion of Manila boxship terminal

Rates approach $40,000 per day amid boxship market boom....

Trade Wind News Published 5y-2mo-2w-17h-38m 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 5y-2mo-2w-18h-43m 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 5y-2mo-2w-19h-2m 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 5y-2mo-2w-19h-10m 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 5y-2mo-2w-20h-2m 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 5y-2mo-2w-20h-2m 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 5y-2mo-2w-20h-10m 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 5y-2mo-2w-20h-48m ago

Tradewindsnews

Portline Bulk linked to sale of only capesize

Portuguese shipowner also reported to have sold two smaller bulkers....

Trade Wind News Published 5y-2mo-2w-20h-51m 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 5y-2mo-2w-20h-52m 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 5y-2mo-2w-23h-16m 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 5y-2mo-2w-23h-21m 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 5y-2mo-2w-23h-33m 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 5y-2mo-2w-23h-51m 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 5y-2mo-2w-1d-19m 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 5y-2mo-2w-1d-20m 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 5y-2mo-2w-1d-20m 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 5y-2mo-2w-1d-20m 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 5y-2mo-2w-1d-31m 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 5y-2mo-2w-1d-1h-5m 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 5y-2mo-2w-1d-1h-16m 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 5y-2mo-2w-1d-1h-57m 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 5y-2mo-2w-1d-3h-6m 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 5y-2mo-2w-1d-3h-35m 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 5y-2mo-2w-1d-3h-54m 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 5y-2mo-2w-1d-4h-26m 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 5y-2mo-2w-1d-4h-34m 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 5y-2mo-2w-1d-4h-53m 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 5y-2mo-2w-1d-4h-54m 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 5y-2mo-2w-1d-4h-54m 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 5y-2mo-2w-1d-6h-39m 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 5y-2mo-2w-1d-7h-19m 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 5y-2mo-2w-1d-7h-19m 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 5y-2mo-2w-1d-10h-17m 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 5y-2mo-2w-1d-10h-18m 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 5y-2mo-2w-1d-15h-34m 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 5y-2mo-2w-1d-20h-37m 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 5y-2mo-2w-1d-21h-43m 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 5y-2mo-2w-1d-21h-47m 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 5y-2mo-2w-1d-22h-13m 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 5y-2mo-2w-1d-22h-24m 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 5y-2mo-2w-1d-23h-5m 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 5y-2mo-2w-2d-11m 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 5y-2mo-2w-2d-14m 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 5y-2mo-2w-2d-53m 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 5y-2mo-2w-2d-1h-13m 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 5y-2mo-2w-2d-1h-23m 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 5y-2mo-2w-2d-1h-23m 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 5y-2mo-2w-2d-1h-50m 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 5y-2mo-2w-2d-2h-59m 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 5y-2mo-2w-2d-3h-17m 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 5y-2mo-2w-2d-3h-22m 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 5y-2mo-2w-2d-3h-33m 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 5y-2mo-2w-2d-3h-55m 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 5y-2mo-2w-2d-4h-9m 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 5y-2mo-2w-2d-4h-50m 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 5y-2mo-2w-2d-4h-52m 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 5y-2mo-2w-2d-4h-52m 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 5y-2mo-2w-2d-6h-47m 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 5y-2mo-2w-2d-7h-32m 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 5y-2mo-2w-4d-13h-52m 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 5y-2mo-2w-4d-15h-58m 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 5y-2mo-2w-4d-15h-58m 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 5y-2mo-2w-4d-16h-44m 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 5y-2mo-2w-4d-17h-36m 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 5y-2mo-2w-4d-17h-38m 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 5y-2mo-2w-4d-19h-59m 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 5y-2mo-2w-4d-20h-31m 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 5y-2mo-2w-4d-21h 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 5y-2mo-2w-4d-22h-1m 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 5y-2mo-2w-4d-22h-13m ago

Tradewindsnews

Polaris sells last two veteran VLOCs for demoltion

Otfit scrapped 13 units last year....

Trade Wind News Published 5y-2mo-2w-4d-22h-22m 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 5y-2mo-2w-4d-23h-20m 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 5y-2mo-2w-4d-23h-34m 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 5y-2mo-2w-5d-17m 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 5y-2mo-2w-5d-23m 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 5y-2mo-2w-5d-33m 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 5y-2mo-2w-5d-40m 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 5y-2mo-2w-5d-41m 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 5y-2mo-2w-5d-2h-25m 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 5y-2mo-2w-5d-3h-10m 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 5y-2mo-2w-5d-3h-30m 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 5y-2mo-2w-5d-3h-46m 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 5y-2mo-2w-5d-3h-54m 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 5y-2mo-2w-5d-4h-36m 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 5y-2mo-2w-5d-4h-43m 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 5y-2mo-2w-5d-6h-27m 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 5y-2mo-2w-5d-6h-27m 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 5y-2mo-2w-5d-8h-9m 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 5y-2mo-2w-5d-8h-9m 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 5y-2mo-2w-5d-10h-32m 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 5y-2mo-2w-5d-10h-37m 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 5y-2mo-2w-5d-11h-59m 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 5y-2mo-2w-5d-15h-54m 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 5y-2mo-2w-5d-16h-18m 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 5y-2mo-2w-5d-16h-18m 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 5y-2mo-2w-5d-19h-46m 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 5y-2mo-2w-5d-20h-55m ago

Tradewindsnews

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

Seafarers love reading TradeWinds. But while dancing ....

Trade Wind News Published 5y-2mo-2w-5d-21h-54m 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 5y-2mo-2w-5d-22h-3m 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 5y-2mo-2w-5d-22h-13m 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 5y-2mo-2w-5d-22h-14m 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 5y-2mo-2w-5d-22h-14m 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 5y-2mo-2w-5d-22h-42m 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 5y-2mo-2w-5d-23h-51m 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 5y-2mo-2w-6d-13m 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 5y-2mo-2w-6d-14m 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 5y-2mo-2w-6d-14m 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 5y-2mo-2w-6d-32m 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 5y-2mo-2w-6d-1h-9m ago

Tradewindsnews

Egypt plots bulker ownership through new operating company

State grains procurement agency GASC to co found new shipowner....

Trade Wind News Published 5y-2mo-2w-6d-2h-36m 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 5y-2mo-2w-6d-3h-3m 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 5y-2mo-2w-6d-3h-44m 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 5y-2mo-2w-6d-4h-20m 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 5y-2mo-2w-6d-4h-58m 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 5y-2mo-2w-6d-4h-58m 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 5y-2mo-2w-6d-4h-59m 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 5y-2mo-2w-6d-5h-18m 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 5y-2mo-2w-6d-6h-37m 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 5y-2mo-2w-6d-11h-2m 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 5y-2mo-2w-6d-11h-24m 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 5y-2mo-2w-6d-11h-28m ago

Tradewindsnews

Bugbee bets on Scorpio Tankers with options tranche

The options expire in July....

Trade Wind News Published 5y-2mo-2w-6d-13h-14m 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 5y-2mo-2w-6d-13h-29m 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 5y-2mo-2w-6d-15h-18m 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 5y-2mo-2w-6d-17h-31m 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 5y-2mo-2w-6d-19h-41m 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 5y-2mo-2w-6d-19h-41m 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 5y-2mo-2w-6d-19h-48m 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 5y-2mo-2w-6d-20h-4m 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 5y-2mo-2w-6d-21h-2m 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 5y-2mo-2w-6d-22h-2m 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 5y-2mo-2w-6d-22h-11m 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 5y-2mo-2w-6d-22h-43m ago

Tradewindsnews

Borealis charters Iino’s DSME VLGC newbuilding

Vessel to ship gas to propane dehydrogenation plant in Kallo, Belgium....

Trade Wind News Published 5y-2mo-2w-6d-22h-53m 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 5y-2mo-2w-6d-23h-16m 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 5y-2mo-2w-6d-23h-24m 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 5y-2mo-2w-6d-23h-37m 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 5y-2mo-3w-11m 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 5y-2mo-3w-12m 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 5y-2mo-3w-12m 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 5y-2mo-3w-13m 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 5y-2mo-3w-17m 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 5y-2mo-3w-1h-52m 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 5y-2mo-3w-2h-31m 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 5y-2mo-3w-3h-12m ago

Tradewindsnews

Evacuated bulker in danger of sinking off Japan

Chinese handysize suffered water ingress but all crew safe....

Trade Wind News Published 5y-2mo-3w-3h-31m 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 5y-2mo-3w-3h-33m 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 5y-2mo-3w-3h-51m 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 5y-2mo-3w-4h-17m 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 5y-2mo-3w-4h-50m 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 5y-2mo-3w-5h-56m 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 5y-2mo-3w-8h-32m 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 5y-2mo-3w-10h-33m 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 5y-2mo-3w-15h-20m 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 5y-2mo-3w-17h-24m 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 5y-2mo-3w-20h 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 5y-2mo-3w-20h-19m 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 5y-2mo-3w-20h-35m 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 5y-2mo-3w-21h-26m 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 5y-2mo-3w-22h-13m 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 5y-2mo-3w-22h-13m 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 5y-2mo-3w-22h-47m 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 5y-2mo-3w-22h-50m 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 5y-2mo-3w-23h-11m 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 5y-2mo-3w-1d-13m 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 5y-2mo-3w-1d-13m 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 5y-2mo-3w-1d-14m 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 5y-2mo-3w-1d-1h-16m 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 5y-2mo-3w-1d-2h-34m 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 5y-2mo-3w-1d-3h-22m 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 5y-2mo-3w-1d-3h-24m 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 5y-2mo-3w-1d-3h-32m 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 5y-2mo-3w-1d-4h-24m 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 5y-2mo-3w-1d-4h-55m 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 5y-2mo-3w-1d-4h-55m 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 5y-2mo-3w-1d-7h-50m 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 5y-2mo-3w-1d-11h-55m 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 5y-2mo-3w-1d-11h-55m 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 5y-2mo-3w-1d-12h-1m 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 5y-2mo-3w-1d-12h-1m 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 5y-2mo-3w-1d-12h-56m 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 5y-2mo-3w-1d-13h-43m 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 5y-2mo-3w-1d-15h-23m 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 5y-2mo-3w-1d-15h-28m 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 5y-2mo-3w-1d-17h-12m 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 5y-2mo-3w-1d-17h-27m 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 5y-2mo-3w-1d-18h-49m 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 5y-2mo-3w-1d-20h 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 5y-2mo-3w-1d-20h-6m 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 5y-2mo-3w-1d-20h-55m 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 5y-2mo-3w-1d-21h-1m 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 5y-2mo-3w-1d-21h-18m 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 5y-2mo-3w-1d-21h-22m 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 5y-2mo-3w-1d-21h-47m 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 5y-2mo-3w-1d-22h-4m 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 5y-2mo-3w-1d-22h-11m 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 5y-2mo-3w-1d-22h-12m 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 5y-2mo-3w-1d-22h-33m 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 5y-2mo-3w-1d-22h-43m 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 5y-2mo-3w-1d-22h-43m 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 5y-2mo-3w-1d-22h-50m ago

Tradewindsnews

Berge Bulk buys capesize as expansion efforts continue

Singapore shipowner purchases 14 year old vessel from Unique Shipping....

Trade Wind News Published 5y-2mo-3w-1d-23h 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 5y-2mo-3w-1d-23h-13m 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 5y-2mo-3w-1d-23h-17m 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 5y-2mo-3w-1d-23h-20m 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 5y-2mo-3w-1d-23h-51m 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 5y-2mo-3w-2d-13m 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 5y-2mo-3w-2d-14m 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 5y-2mo-3w-2d-1h-10m 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 5y-2mo-3w-2d-1h-22m 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 5y-2mo-3w-2d-1h-26m 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 5y-2mo-3w-2d-1h-56m 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 5y-2mo-3w-2d-2h-35m 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 5y-2mo-3w-2d-2h-38m 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 5y-2mo-3w-2d-3h-13m 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 5y-2mo-3w-2d-3h-17m 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 5y-2mo-3w-2d-3h-25m 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 5y-2mo-3w-2d-4h-26m 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 5y-2mo-3w-2d-4h-55m 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 5y-2mo-3w-2d-4h-56m 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 5y-2mo-3w-2d-4h-56m 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 5y-2mo-3w-2d-6h-32m 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 5y-2mo-3w-2d-7h-20m 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 5y-2mo-3w-2d-7h-31m 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 5y-2mo-3w-2d-7h-59m 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 5y-2mo-3w-2d-7h-59m 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 5y-2mo-3w-4d-15h-18m 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 5y-2mo-3w-4d-15h-18m 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 5y-2mo-3w-4d-16h-47m 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 5y-2mo-3w-4d-17h-8m 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 5y-2mo-3w-4d-19h-49m 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 5y-2mo-3w-4d-19h-59m 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 5y-2mo-3w-4d-21h-11m 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 5y-2mo-3w-4d-21h-17m 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 5y-2mo-3w-4d-22h-11m 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 5y-2mo-3w-4d-22h-12m 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 5y-2mo-3w-4d-22h-46m 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 5y-2mo-3w-4d-23h-26m 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 5y-2mo-3w-4d-23h-26m 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 5y-2mo-3w-4d-23h-28m 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 5y-2mo-3w-5d-53m 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 5y-2mo-3w-5d-1h-34m 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 5y-2mo-3w-5d-2h-37m 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 5y-2mo-3w-5d-2h-40m 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 5y-2mo-3w-5d-2h-40m 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 5y-2mo-3w-5d-2h-50m ago

Tradewindsnews

Boxship scrapping tumbles as owners milk their cash cows

Charter rates extend vessel lifespans in booming markets....

Trade Wind News Published 5y-2mo-3w-5d-2h-50m 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 5y-2mo-3w-5d-4h-6m 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 5y-2mo-3w-5d-4h-27m 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 5y-2mo-3w-5d-4h-53m 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 5y-2mo-3w-5d-5h-43m ago

Tradewindsnews

MISC Berhad on course to become world’s largest ethane carrier operator

....

Trade Wind News Published 5y-2mo-3w-5d-9h-2m 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 5y-2mo-3w-5d-10h-38m 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 5y-2mo-3w-5d-14h-23m 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 5y-2mo-3w-5d-16h-16m 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 5y-2mo-3w-5d-16h-16m 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 5y-2mo-3w-5d-16h-49m 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 5y-2mo-3w-5d-16h-54m 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 5y-2mo-3w-5d-19h-37m 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 5y-2mo-3w-5d-20h-34m 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 5y-2mo-3w-5d-21h-6m 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 5y-2mo-3w-6d-2m 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 5y-2mo-3w-6d-15m 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 5y-2mo-3w-6d-15m 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 5y-2mo-3w-6d-31m 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 5y-2mo-3w-6d-37m 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 5y-2mo-3w-6d-1h-56m 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 5y-2mo-3w-6d-2h-21m 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 5y-2mo-3w-6d-3h-13m 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 5y-2mo-3w-6d-3h-13m 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 5y-2mo-3w-6d-3h-19m 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 5y-2mo-3w-6d-3h-30m ago

Tradewindsnews

US owner Crowley Shipping pivots into offshore wind

Veteran company following Scorpio Bulkers with change of emphasis....

Trade Wind News Published 5y-2mo-3w-6d-4h-11m 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 5y-2mo-3w-6d-4h-39m 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 5y-2mo-3w-6d-4h-52m 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 5y-2mo-3w-6d-4h-53m 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 5y-2mo-3w-6d-8h-5m 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 5y-2mo-3w-6d-11h-9m 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 5y-2mo-3w-6d-11h-9m 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 5y-2mo-3w-6d-11h-50m 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 5y-2mo-3w-6d-11h-51m 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 5y-2mo-3w-6d-11h-52m 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 5y-2mo-3w-6d-14h-46m 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 5y-2mo-3w-6d-14h-47m 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 5y-2mo-3w-6d-14h-47m 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 5y-2mo-3w-6d-20h-5m 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 5y-2mo-3w-6d-21h-18m 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 5y-2mo-3w-6d-22h-12m 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 5y-2mo-3w-6d-22h-19m 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 5y-2mo-3w-6d-22h-36m 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 5y-2mo-3w-6d-22h-36m 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 5y-2mo-3w-6d-23h-12m 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 5y-2mo-3w-6d-23h-57m 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 5y-2mo-4w-14m 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 5y-2mo-4w-14m 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 5y-2mo-4w-43m 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 5y-2mo-4w-1h-11m 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 5y-2mo-4w-1h-52m 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 5y-2mo-4w-2h-34m 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 5y-2mo-4w-3h-10m 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 5y-2mo-4w-4h-16m 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 5y-2mo-4w-4h-50m 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 5y-2mo-4w-6h-12m 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 5y-2mo-4w-7h-33m 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 5y-2mo-4w-7h-33m 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 5y-2mo-4w-8h-6m 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 5y-2mo-4w-11h-8m 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 5y-2mo-4w-11h-8m 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 5y-2mo-4w-11h-26m 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 5y-2mo-4w-11h-28m 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 5y-2mo-4w-13h-33m 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 5y-2mo-4w-15h-37m 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 5y-2mo-4w-15h-44m 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 5y-2mo-4w-18h-7m 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 5y-2mo-4w-22h-10m 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 5y-2mo-4w-22h-26m 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 5y-2mo-4w-22h-28m 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 5y-2mo-4w-22h-42m 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 5y-2mo-4w-23h-22m 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 5y-2mo-4w-23h-45m 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 5y-2mo-4w-1d-14m 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 5y-2mo-4w-1d-15m 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 5y-2mo-4w-1d-59m 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 5y-2mo-4w-1d-1h 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 5y-2mo-4w-1d-1h-48m 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 5y-2mo-4w-1d-3h-14m 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 5y-2mo-4w-1d-3h-14m 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 5y-2mo-4w-1d-3h-14m 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 5y-2mo-4w-1d-3h-42m 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 5y-2mo-4w-1d-4h-10m 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 5y-2mo-4w-1d-4h-14m 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 5y-2mo-4w-1d-4h-43m 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 5y-2mo-4w-1d-5h-1m 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 5y-2mo-4w-1d-7h-35m ago

Tradewindsnews

FueLNG takes delivery of first LNG bunkering vessel for Singapore

....

Trade Wind News Published 5y-2mo-4w-1d-7h-37m 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 5y-2mo-4w-1d-11h-32m 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 5y-2mo-4w-1d-11h-40m 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 5y-2mo-4w-1d-13h-58m 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 5y-2mo-4w-1d-14h-15m 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 5y-2mo-4w-1d-18h-38m ago

Tradewindsnews

Argentina to withhold corn exports through February

Farmers are not happy with the delay, according to broker NABSA....

Trade Wind News Published 5y-2mo-4w-1d-18h-59m 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 5y-2mo-4w-1d-18h-59m 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 5y-2mo-4w-1d-20h-12m 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 5y-2mo-4w-1d-20h-18m 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 5y-2mo-4w-1d-20h-34m 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 5y-2mo-4w-1d-21h-11m 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 5y-2mo-4w-1d-22h 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 5y-2mo-4w-1d-22h-6m 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 5y-2mo-4w-1d-22h-7m 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 5y-2mo-4w-1d-22h-11m 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 5y-2mo-4w-1d-23h-9m 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 5y-2mo-4w-1d-23h-37m 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 5y-2mo-4w-2d-12m 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 5y-2mo-4w-2d-14m 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 5y-2mo-4w-2d-29m 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 5y-2mo-4w-2d-1h-5m 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 5y-2mo-4w-2d-1h-13m 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 5y-2mo-4w-2d-1h-43m 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 5y-2mo-4w-2d-2h 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 5y-2mo-4w-2d-3h-57m 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 5y-2mo-4w-2d-4h-5m 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 5y-2mo-4w-2d-4h-53m 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 5y-2mo-4w-2d-8h-38m 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 5y-2mo-4w-2d-11h-20m 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 5y-3mo-2d-17h-39m ago

Tradewindsnews

Iraq works to defuse mine found on Dynacom-connected tanker

Government confirms explosive device discovered on suezmax....

Trade Wind News Published 5y-3mo-2d-17h-39m 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 5y-3mo-2d-19h-43m 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 5y-3mo-2d-19h-47m 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 5y-3mo-2d-21h-9m 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 5y-3mo-2d-22h-24m 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 5y-3mo-2d-22h-49m 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 5y-3mo-3d-11m ago

Tradewindsnews

Jungerhans refinances fleet of 10 heavylift vessels

Deal with financiers leaves German owner ‘well positioned’ for market recovery....

Trade Wind News Published 5y-3mo-3d-14m 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 5y-3mo-3d-3h-12m 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 5y-3mo-3d-3h-13m 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 5y-3mo-3d-4h-23m 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 5y-3mo-3d-4h-52m 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 5y-3mo-3d-4h-52m 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 5y-3mo-3d-8h-23m 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 5y-3mo-3d-14h 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 5y-3mo-3d-17h-16m 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 5y-3mo-3d-18h-49m 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 5y-3mo-3d-18h-49m 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 5y-3mo-3d-20h-32m 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 5y-3mo-3d-21h-59m 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 5y-3mo-3d-22h-16m 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 5y-3mo-3d-23h-13m 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 5y-3mo-4d-10m 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 5y-3mo-4d-3h-56m 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 5y-3mo-4d-4h-32m 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 5y-3mo-4d-7h-27m 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 5y-3mo-4d-8h-13m 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 5y-3mo-4d-9h-21m 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 5y-3mo-4d-16h-57m 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 5y-3mo-4d-17h-43m 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 5y-3mo-4d-20h-40m 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 5y-3mo-4d-20h-52m 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 5y-3mo-4d-21h-24m 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 5y-3mo-4d-22h-19m 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 5y-3mo-4d-22h-31m 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 5y-3mo-5d-35m 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 5y-3mo-5d-3h-41m 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 5y-3mo-5d-5h-39m 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 5y-3mo-5d-8h-27m 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 5y-3mo-5d-9h-14m ago

Tradewindsnews

Navigator Gas gets new director as BW Group deal closes

....

Trade Wind News Published 5y-3mo-5d-13h-33m 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 5y-3mo-5d-19h-3m 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 5y-3mo-6d-37m 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 5y-3mo-6d-41m 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 5y-3mo-6d-1h-8m 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 5y-3mo-6d-1h-53m 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 5y-3mo-6d-4h-34m 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 5y-3mo-6d-6h-57m 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 5y-3mo-1w-2d-18h-44m 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 5y-3mo-1w-2d-18h-47m 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 5y-3mo-1w-2d-19h-36m 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 5y-3mo-1w-2d-20h-37m 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 5y-3mo-1w-2d-21h-42m 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 5y-3mo-1w-3d-4m 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 5y-3mo-1w-3d-1h-44m 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 5y-3mo-1w-3d-4h-38m 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 5y-3mo-1w-3d-4h-59m 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 5y-3mo-1w-3d-8h-16m 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 5y-3mo-1w-3d-9h-24m 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 5y-3mo-1w-3d-15h-48m 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 5y-3mo-1w-3d-16h-25m 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 5y-3mo-1w-3d-16h-57m 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 5y-3mo-1w-3d-17h-2m 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 5y-3mo-1w-3d-18h-32m 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 5y-3mo-1w-3d-19h-29m 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 5y-3mo-1w-3d-20h-24m 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 5y-3mo-1w-3d-20h-37m 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 5y-3mo-1w-3d-22h-2m 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 5y-3mo-1w-4d-13m 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 5y-3mo-1w-4d-18m 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 5y-3mo-1w-4d-1h-18m 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 5y-3mo-1w-4d-1h-38m 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 5y-3mo-1w-4d-1h-46m 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 5y-3mo-1w-4d-3h-33m ago

Tradewindsnews

Ten things shipping learned to do in 2020

But will the industry still be doing them in 2021 ....

Trade Wind News Published 5y-3mo-1w-4d-4h-59m 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 5y-3mo-1w-4d-9h 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 5y-3mo-1w-4d-10h-22m 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 5y-3mo-1w-4d-14h-14m 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 5y-3mo-1w-4d-14h-50m 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 5y-3mo-1w-4d-16h-56m 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 5y-3mo-1w-4d-17h-7m 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 5y-3mo-1w-4d-18h-5m 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 5y-3mo-1w-4d-20h-4m 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 5y-3mo-1w-4d-20h-23m 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 5y-3mo-1w-4d-21h-19m 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 5y-3mo-1w-4d-21h-29m 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 5y-3mo-1w-4d-22h-14m 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 5y-3mo-1w-4d-22h-14m 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 5y-3mo-1w-5d-9m 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 5y-3mo-1w-5d-22m 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 5y-3mo-1w-5d-34m 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 5y-3mo-1w-5d-2h-45m 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 5y-3mo-1w-5d-3h-8m 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 5y-3mo-1w-5d-5h-9m 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 5y-3mo-1w-5d-8h-8m 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 5y-3mo-1w-5d-10h-36m ago

Tradewindsnews

Euroseas gets lucrative charter extension for fourth boxship

The New York listed owner did not disclose charterers....

Trade Wind News Published 5y-3mo-1w-5d-12h-56m 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 5y-3mo-1w-5d-13h-30m 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 5y-3mo-1w-5d-15h-27m 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 5y-3mo-1w-5d-16h-45m 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 5y-3mo-1w-5d-17h-58m 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 5y-3mo-1w-5d-18h-32m 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 5y-3mo-1w-5d-18h-32m 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 5y-3mo-1w-5d-20h-27m 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 5y-3mo-1w-5d-21h 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 5y-3mo-1w-5d-21h-51m 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 5y-3mo-1w-5d-23h-4m 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 5y-3mo-1w-6d-12m 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 5y-3mo-1w-6d-21m 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 5y-3mo-1w-6d-1h-15m 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 5y-3mo-1w-6d-1h-34m 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 5y-3mo-1w-6d-1h-52m 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 5y-3mo-1w-6d-3h-33m 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 5y-3mo-1w-6d-5h 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 5y-3mo-1w-6d-8h 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 5y-3mo-1w-6d-10h-38m 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 5y-3mo-1w-6d-16h-10m 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 5y-3mo-2w-1d-19h-25m 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 5y-3mo-2w-1d-19h-26m 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 5y-3mo-2w-1d-20h-30m 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 5y-3mo-2w-1d-20h-47m 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 5y-3mo-2w-1d-21h-4m 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 5y-3mo-2w-1d-21h-50m 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 5y-3mo-2w-1d-21h-57m 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 5y-3mo-2w-1d-22h-3m 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 5y-3mo-2w-1d-22h-35m 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 5y-3mo-2w-1d-22h-40m 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 5y-3mo-2w-1d-22h-55m 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 5y-3mo-2w-2d-15m 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 5y-3mo-2w-2d-18m 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 5y-3mo-2w-2d-28m 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 5y-3mo-2w-2d-1h-20m 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 5y-3mo-2w-2d-1h-22m 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 5y-3mo-2w-2d-1h-27m 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 5y-3mo-2w-2d-1h-53m 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 5y-3mo-2w-2d-2h-5m 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 5y-3mo-2w-2d-2h-8m 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 5y-3mo-2w-2d-3h-8m 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 5y-3mo-2w-2d-3h-10m 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 5y-3mo-2w-2d-3h-43m 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 5y-3mo-2w-2d-3h-51m ago

Tradewindsnews

Ince: Shipping needs to prepare for the next pandemic

Vaccinating seafarers should be a major priority, lawyer says....

Trade Wind News Published 5y-3mo-2w-2d-3h-51m 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 5y-3mo-2w-2d-5h-25m 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 5y-3mo-2w-2d-8h-48m 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 5y-3mo-2w-2d-10h-6m 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 5y-3mo-2w-2d-11h-19m 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 5y-3mo-2w-2d-13h 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 5y-3mo-2w-2d-14h-43m 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 5y-3mo-2w-2d-19h-34m 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 5y-3mo-2w-2d-19h-37m 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 5y-3mo-2w-2d-19h-42m 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 5y-3mo-2w-2d-21h-43m 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 5y-3mo-2w-2d-23h-1m 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 5y-3mo-2w-2d-23h-55m 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 5y-3mo-2w-3d-3m 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 5y-3mo-2w-3d-21m 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 5y-3mo-2w-3d-22m 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 5y-3mo-2w-3d-22m 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 5y-3mo-2w-3d-27m 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 5y-3mo-2w-3d-43m 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 5y-3mo-2w-3d-44m 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 5y-3mo-2w-3d-3h-9m 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 5y-3mo-2w-3d-3h-18m 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 5y-3mo-2w-3d-3h-19m 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 5y-3mo-2w-3d-3h-49m 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 5y-3mo-2w-3d-3h-54m 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 5y-3mo-2w-3d-4h-25m 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 5y-3mo-2w-3d-6h-43m 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 5y-3mo-2w-3d-7h-18m 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 5y-3mo-2w-3d-11h 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 5y-3mo-2w-3d-11h-18m 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 5y-3mo-2w-3d-13h-49m 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 5y-3mo-2w-3d-16h-30m 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 5y-3mo-2w-3d-17h-19m 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 5y-3mo-2w-3d-17h-53m 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 5y-3mo-2w-3d-20h-31m 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 5y-3mo-2w-3d-21h-4m 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 5y-3mo-2w-3d-22h-15m 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 5y-3mo-2w-3d-23h-48m 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 5y-3mo-2w-4d-3m 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 5y-3mo-2w-4d-11m 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 5y-3mo-2w-4d-12m 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 5y-3mo-2w-4d-13m 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 5y-3mo-2w-4d-20m 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 5y-3mo-2w-4d-25m 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 5y-3mo-2w-4d-28m 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 5y-3mo-2w-4d-44m 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 5y-3mo-2w-4d-53m 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 5y-3mo-2w-4d-59m 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 5y-3mo-2w-4d-1h-31m 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 5y-3mo-2w-4d-2h-30m 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 5y-3mo-2w-4d-3h-13m 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 5y-3mo-2w-4d-3h-33m 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....