• More
  • Less
  • Search results for :
  • Report: Greeks, American arrested, suspected of piracy

    Nineteen alleged pirates — including three Greeks and an American — were arrested over the weekend in the Gulf of Guinea and suspected of stealing oil and illegal possession of firearms, according to local media. Lagos-based The Nation reports nine of the men were taken into custody during a joint operation between the Nigerian and US navies Sunday night. Pirates "effectively hijack" ship in Gul

    Casualties  tradewindsnews.com 21 minutes old Matt Coyne

    Navios Maritime Holdings sells veteran bulk carrier

    Angeliki Frangou’s Navios Maritime Holdings is said to have sold off one of its older bulk carriers. Navios says 'too early' to determine Vale effect If confirmed the deal would mark the latest step in its fleet renewal efforts, which have seen other older vessels sold of late. Brokers say the 53,500-dwt Navios Mercator (built 2002) has been bought by an unknown party for between $7m and $7.2m.

    Dry cargo  tradewindsnews.com 57 minutes old Andy Pierce

    SEA\LNG and SGMF LNG emissions study raises questions

    Industry coalition SEA\LNG and the Society for Gas as a Marine Fuel (SGMF) faced questions about the relevance of their newly commissioned "well-to-wake" study launched last week, which details that using LNG as a marine fuel can cut shipping's greenhouse-gas emissions by up to 21%. Well-to-wake_study.pdf (7.7MB) The 168-page report, entitled The Life Cycle GHG Emission Study, was conducted by

    Gas  tradewindsnews.com 1 hours old Lucy Hine

    Pertamina weighs up options to upscale West Java FSRU

    Indonesian oil-and-gas giant Pertamina is looking at whether to replace an existing LNG carrier-to-floating storage and regasification unit conversion with a purpose-built newbuilding at the end of a charter contract and as import needs grow. Shipbuilding sources said Pertamina and its partners in the FSRU Nusantara Regas Satu, which is currently stationed off West Java, have been making enquirie

    Gas  tradewindsnews.com 1 hours old Lucy Hine

    Tanker arrest highlights PDVSA sanctions struggle

    State-owned Venezuelan oil company faces a struggle to keep its fleet trading as US embargo makes it hard to keep the cash flowing

    Legal  tradewindsnews.com 1 hours old Jonathan Boonzaier

    Newbuilding orderbook lowest since start of shipbuilding boom, says Clarksons

    Shipping’s newbuilding orderbook has shrunk to the lowest level in 15 years but it is now declining at a slower rate, according to data from Clarksons. CIC Changxing top as Clarksons reveals first ranking of busiest global repair yards Clarksons and FIS launch digital shipbroking platforms It counted 3,202 vessels of a combined 81.2m gross tons on order globally at the start of April this year,

    Shipyards  tradewindsnews.com 2 hours old Andy Pierce

    Only powers in Beijing can halt advance of Chinese shipping

    If China wants its shipping companies to grow and not just swell, it needs to quit stifling creative leadership

    Weekly  tradewindsnews.com 2 hours old Bob Rust

    Capital Gas nudges up LNG carrier newbuilding total

    Brokers link company to potential multi-year charter deal as new entrant looks to tie up tonnage haul

    Gas  tradewindsnews.com 2 hours old Lucy Hine and Irene Ang

    Norwegian Cruise Line Holdings' del Rio says US trumps China

    Norwegian Cruise Line Holdings plans to keep a modest presence in China, despite great expectations for the cruise industry within the nation's emerging economy. The Miami-based cruise major is pulling its 3,883-berth Norwegian Joy (built 2017) out of the promising market this month after announcing in July that the built-for-China ship would redeploy to Alaska. Del Rio: Cuba selling 'like nothi

    Passenger ships  tradewindsnews.com 3 hours old Michael Juliano

    Zim joins Maersk blockchain drive

    Israeli container line Zim has signed up to Maersk Line's and IBM's blockchain platform. It said TradeLens uses the encryption technology to enable trust between multiple trading partners. AP Moller-Maersk and IBM target year end for blockchain roll-out Members get a single shared view of a transaction without compromising details, privacy or confidentiality and can collaborate more efficiently

    Liner  tradewindsnews.com 3 hours old Gary Dixon

    Norden product tanker pair linked to leaseback deal

    Copenhagen based Norden is reported to have sold two of its medium range (MR) product tankers under a charter back deal. Norden confirms sale of four bulkers as it goes asset-light Jan Rindbo: sale and purchase still part of Norden's DNA in asset light era The Nord Nightingale and Nord Snow Queen - both 38,000-dwt 2008 built vessels - are said to have been sold to leasing company Msea Capital o

    Tankers  tradewindsnews.com 4 hours old Adam Corbett

    Siem still keen on car carrier newbuild at crisis-hit Uljanik

    Fate of 7,000-ceu ship hinges on Croatian shipyard sorting out its financial mess

    Shipyards  tradewindsnews.com 4 hours old Geoff Garfield

    Poland floats strategic FSRU enquiry as imports increase

    Existing European importer diversifies cargo base with US volumes as it seeks alternative to pipeline gas supplies

    Gas  tradewindsnews.com 4 hours old Lucy Hine

    Greek shipowners turn to Chinese shipyards for aframax tanker newbuildings

    China's growing reputation for building quality ships at low prices is luring shipping companies away from South Korea

    Tankers  tradewindsnews.com 4 hours old Irene Ang

    Hadjiyiannis clients snap up boxship pair from NYK Line

    Interests linked to Andreas Hadjiyiannis have plucked their fourth and fifth containerships from Japan’s NYK Line. Brokers said clients of Hadjiyiannis’ Cyprus Sea Lines have bought the 6,492-teu sisterships NYK Athena and NYK Aquarius (both built 2003) for $15m each. However, TradeWinds understands that the actual acquisition price was quite a bit lower, possibly around $14m. Following deli

    Ship Sales  tradewindsnews.com 4 hours old Harry Papachristou

    AET’s dual-fuelled aframax bunkers first LNG in Rotterdam

    Tankers fixed to Shell for Atlantic basin trading have range of 6,000 nautical miles running on gas

    Gas  tradewindsnews.com 4 hours old Lucy Hine

    Island Offshore lands Equinor well work

    Norway's Island Offshore has clinched a contract to provide a light well intervention services vessel (LWI) for Equinor. A new agreement has been reached for the use of the 8,200-dwt support ship Island Wellserver (built 2008). Island signs up OSV trio for five years' work The vessel has been working for Equinor, formerly Statoil, since April 2009. The new deal starts in 2020, involving a one-

    Offshore  tradewindsnews.com 5 hours old Gary Dixon

    Shipowners’ Club reports $38m loss

    A decline in investment income at protection and indemnity (P&I) mutual the Shipowners’ Club has put it into the red. The club reported a $37.9m loss in 2018 compared to a $47.4m surplus in the previous year. Shipowners also had a technical underwriting loss in 2018 with a combined ratio of 104% which was less than the 105% it had been predicting. A combined ratio in excess of 100% indicates mo

    Insurance  tradewindsnews.com 5 hours old Adam Corbett

    Bluships: Puma being unloaded in Rotterdam

    German owner Johann MK Blumenthal (Bluships) has told TradeWinds its bulker Puma is being unloaded as scheduled in Rotterdam. The company said it was not aware of any problems after Dutch media and the FNV Havens union said dockers had refused to unload the 35,000-dwt ship (built 2017) due to an ITF inspector being denied access. Bluships confirmed the vessel had arrived in the Dutch port on Wed

    Dry cargo  tradewindsnews.com 6 hours old Gary Dixon

    Louis-Dreyfus: Greeks coming onboard with slow-steaming

    Respected French shipowner says the industry is coming round to his ‘common-sense’ solution

    Tankers  tradewindsnews.com 6 hours old Gary Dixon

    Cosco Cinda fund sacks Jin Hai

    A China Cosco Shipping investment fund has abruptly dismissed Dr Jin Hai, the Chinese-American ship finance man it recruited two years ago. The fund's managing company issued a terse public announcement of the move today. "You are hereby informed by letter that our company has dismissed Jin Hai from his duties as general manager, as of 29 March 2019," read the complete announcement by Cosco Cind

    Finance  tradewindsnews.com 7 hours old Bob Rust

    Novatek starts shipping from new small-scale LNG plant

    Russian producer Novatek has begun to ship out LNG from its new small-scale plant in Vysotsk. This is according to shipping data from Refinitiv Eikon. Russia prepares to start up new LNG production plant Novatek and Gazprombank have not yet officially launched the Cryogas-Vysotsk plant, which has a capacity of 660,000 tonnes of LNG per year, Reuters reported. TradeWinds reported last month tha

    Gas  tradewindsnews.com 7 hours old Gary Dixon

    Belships at centre of S&P talk as it gears up with bulker buys

    Oslo-listed bulker owner Belships has been the talk of the town after investor Frode Teigen acquired the company and merged it with his own Lighthouse Group in December last year. Belships has clicked into gear with a fresh round of purchases after recruiting Lars Christian Skarsgaard — the former head of sale and purchase at Fearnleys — as chief executive. This month, the company has confirmed

    Dry cargo  tradewindsnews.com 7 hours old Trond Lillestolen

    Navigare eyes options after fixing lone LNG newbuilding

    Danish investment company Navigare Capital Partners has tied up its only LNG newbuilding to Japanese trading house Mitsui & Co as it considers its next moves on a series of outstanding optional slots that it holds. Navigare Capital managing partner Henrik Ramskov confirmed to TradeWinds that the company’s 174,000-cbm vessel, which is on order at Samsung Heavy Industries and due for delivery in 20

    Gas  tradewindsnews.com 7 hours old Lucy Hine

    Ocean Freighters offloads elderly panamax bulkers

    Greek dry bulk player Ocean Freighters has shed its two oldest panamaxes in a fleet-renewal process that should see the company eventually replace them with modern kamsarmax tonnage. Piraeus market sources said the 76,300-dwt Pontovremon (built 2001) has been sold for a price exceeding $7m. Online shipping directories confirm that a transaction has taken place. The Tsuneishi Zosen-built ship is

    Ship Sales  tradewindsnews.com 7 hours old Harry Papachristou

    3 Maj bankruptcy decision postponed

    A court in Croatia has postponed a decision on opening bankruptcy proceedings against Uljanik Group shipyard 3 Maj. The final hearing into the matter will be held on 5 June in Rijeka, the Xinhua news agency reported. The yard owes HRK 135m ($20m). It and Uljanik Shipyard are part of the troubled Uljanik Group, which has been hit by order cancellations and strikes. The Croatian government has r

    Legal  tradewindsnews.com 8 hours old Gary Dixon

    NGM Energy and Mercator renegotiate VLCC deal

    Greek owner NGM Energy has finally clinched a deal with Mercator to buy a 13-year-old VLCC, at a price lower than initially negotiated. TradeWinds reported last December that Mumbai-based Mercator sold the Nacks-built 299,200-dwt Nerissa (built 2006) to NGM Energy for $34m. The Indian company confirmed in a statement in February that it was expecting to pay down $34.16m of its debt after sellin

    Ship Sales  tradewindsnews.com 8 hours old Harry Papachristou and Trond Lillestolen

    Top Ships asks judge to reject Kalani lawsuit

    Evangelos Pistiolis-led owner says it did 'legitimate' transactions and disclosed everything, echoing defences raised by DryShips and Diana Containerships

    Tankers  tradewindsnews.com 8 hours old Joe Brady

    The writing is on the wall for the world’s old way of doing business

    Shipping must learn to adapt as the political and economic norms we have taken for granted come under challenge from every direction

    Finance  tradewindsnews.com 8 hours old Terry Macalister

    Baltic Exchange's Jackson reveals data licence ace card

    Unlicensed users of market information will find themselves without a leg to stand on

    Legal  tradewindsnews.com 8 hours old Jonathan Boonzaier

    Tsakos Group secures long-term charter for kamsarmax bulker newbuildings

    The Tsakos Group’s “build responsibly” doctrine — where new ships are built only when backed by long-term employment — also appears to apply to its bulker orders. Two kamsarmaxes that Tsakos is due to take delivery of soon have been fixed by an unidentified charterer for two years, London-based brokers reported. The 82,000-dwt newbuildings Psarros D and Betty K (both built 2019) will earn $11,00

    Shipyards  tradewindsnews.com 8 hours old Harry Papachristou

    Eimskip to offload duo as RAL deal approved

    A vessel sharing agreement (VSA) between Eimskip and Royal Arctic Line (RAL) has been approved by the Icelandic Competition Authority. Banker Porsteinsson takes over at Eimskip The Iceland and Greenland container lines want to run three 2,150-teu newbuildings together for services between the two countries, Scandinavia and the Faroes. Two ships are being built for Eimskip and one for RAL. They

    Liner  tradewindsnews.com 8 hours old Gary Dixon

    Damen Shipyards posts first loss in 15 years

    Dutch group Damen Shipyards has logged its first annual loss in 15 years. It posted a deficit of EUR 17m ($19.2m) for 2018, blaming "a sustained period of difficulty in a number of maritime sectors and investments it has made in its future." Damen did not give a comparative figure for 2017. Damen Mangalia looking to recruit after orders boost Damen makes breakthrough into cruiseship sector "N

    Shipyards  tradewindsnews.com 9 hours old Gary Dixon

    d'Amico fined $4m after admitting US waste dumping

    Italy's d'Amico Shipping Italia has been fined $4m after admitting oily waste dumping in the US. US authorities said the company pleaded guilty on Wednesday in Newark to violating the Act to Prevent Pollution from Ships. The charge involved the 40,000-dwt Cielo di Milano (built 2003) that called in New Jersey, Maryland and Florida a number of time in 2014 and 2015. Germany’s MST fined $3.2m ove

    Legal  tradewindsnews.com 10 hours old Gary Dixon

    MMA Offshore unveil senior management shake-up

    New CEO Singapore bound as company sees “positive signs of a recovery” in offshore market.

    Offshore  tradewindsnews.com 13 hours old Dale Wainwright

    Coastal Oil handysize pair to go under the hammer

    Singapore’s High Court to sell failed oil trader and tanker operator’s prime vessel assets

    Legal  tradewindsnews.com 15 hours old Jonathan Boonzaier

    Peruvian robbers beat up seafarer during bulker raid

    Crews warned to be vigilant after port suffers second incident in less than a month.

    Casualties  tradewindsnews.com 15 hours old Dale Wainwright

    Ta-Ho Maritime mulls kamsarmax bulker order at Oshima Shipbuilding

    Taiwan owner in discussions for up to three newbuildings as it continues fleet-renewal efforts

    Dry cargo  tradewindsnews.com 19 hours old Irene Ang

    Second FSRU for Bangladesh set to arrive on site this week

    A second floating storage and regasification unit for Bangladesh is due to arrive on site at the end of this week. Excelerate Energy's newly renamed Summit LNG (ex-Excelerate, built 2006) switched its estimated time of arrival in the country to 20 April. Excelerate FSRU exits Abu Dhabi as pipeline delivers supplies The regasification unit, which has been stationed off Fujairah conducting sea tr

    Gas  tradewindsnews.com 19 hours old Lucy Hine

    Alan Hatton predicts smoother sailing for smaller ships post-IMO 2020

    Foreguard Shipping managing director Alan Hatton expects operators of smaller-size ships to face less IMO 2020 volatility as few such vessels will be scrubber-fitted. This is in contrast to the larger-size segments, where scrubber-equipped vessels may or may not have the competitive edge over vessels that will run on low-sulphur fuel. Environment tops the agenda at Singapore Maritime Week Speak

    Tankers  tradewindsnews.com 19 hours old Jonathan Boonzaier

    Idan Ofer adds to product exposure with Scorpio Tankers investment

    Billionaire’s overall stake boosted by purchase of one-quarter of the 5.4 million recently issued shares

    Tankers  tradewindsnews.com 19 hours old Andy Pierce and Joe Brady

    HNA Technology denies links to bulker trio asset play

    Officials of China’s HNA Technology say three bulkers recently reported sold have not been disposed of and do not belong to them. Brokers said one or all of the 81,500-dwt FH Fang Cheng, 79,600-dwt FH Ri Zhao and 79,400-dwt Zhen Bang (all built 2015) have been committed for sale to unknown buyers in deals that were expected to close this week. The ships were all built at the sister yard now kno

    Ship Sales  tradewindsnews.com 19 hours old Bob Rust

    Chinese secondhand buyers turn to home-grown supramaxes

    Tomini and PrimeBulk reportedly offload Dolphin 57s as Chinese buyers shun Japanese tonnage

    Ship Sales  tradewindsnews.com 19 hours old Bob Rust

    Shandong Marine Energy eyes growing LNG sector

    Chinese energy trading concern inks MOUs with DSME and Mitsui & Co on future LNG business

    Gas  tradewindsnews.com 19 hours old Irene Ang

    Supramax buy could mark shift for Taylor Maritime

    Ed Buttery’s firm has acquired its first larger ship but is not saying if it wants more

    Ship Sales  tradewindsnews.com 19 hours old Bob Rust

    Coast Guard warns mariners against marijuana use

    The US Coast Guard is reminding mariners that no matter the legal status of marijuana at the state level, testing positive for the drug still has consequences. In a post to its Maritime Commons blog Tuesday, staff from the Coast Guard's Suspension & Revocation National Center of Expertise reminded mariners that even though 10 states and DC have legalized the drug and many more have approved medic

    Legal  tradewindsnews.com 19 hours old Matt Coyne

    ForestWave ship seized after alleged default

    A Park Avenue investment firm is alleging ForestWave stiffed it on ship mortgage payments and paying back cash advanced to pay its crew. The 10,049 Momentum Scan (built 2010) is currently moored in the Buffalo Bayou in Houston after ICON Agent, security agent for companies connected to New York-based ICON Capital, filed suit in Houston federal court last week and had it seized. The suit alleges

    Legal  tradewindsnews.com 22 hours old Matt Coyne

    Giveans: Shipping stocks looking good in 2019

    Fundamentals are driving up shipping stocks, according to Jefferies' Randy Giveans. In his Maritime Shipping Quarterly note released Wednesday, the analyst wrote that the Jefferies Shipping Index had shot up 16% since the start of 2019, despite a seasonal slowdown in the first quarter and early-year newbuilding deliveries. Wells Fargo lowers view on tanker stocks "The fundamental backdrop and o

    Finance  tradewindsnews.com 22 hours old Matt Coyne

    Sovcomflot nets firm prices for pair of tankers

    Russian tanker giant Sovcomflot (SCF Group) looks to have banked firm prices for two elderly ships. The Russian owner has also sold the 47,000-dwt MR tankers Anichkov Bridge (built 2003) and Okhta Bridge (built 2004) to an undisclosed Taiwanese buyer for $10.8m each. VesselsValue says the MR tankers are worth $9.5m and $10.8m, respectively. Trio of BW LR2s head for time charters under Hafnia b

    Tankers  tradewindsnews.com 24 hours old Trond Lillestolen

    Avin International offloads second elderly product tanker for further trading

    Greek tanker company Avin International is finding trading buyers for the type of vessels it had been scrapping over the last two years. The company sold nine consecutive ships for demolition between February 2017 and November 2018. In the past few weeks, however, it has shed two ageing product tankers for further trading, suggesting there is active market interest for such ships. TradeWinds a

    Ship Sales  tradewindsnews.com 24 hours old Harry Papachristou

    Smallest orderbook since 1997 has tankers set fair for 2020

    The smallest tanker newbuilding orderbook this century is helping fuel expectations for a sharp spike in both rates and share prices during the next 12 months, according to Cleave Securities. New York's shipping newcomers tipped to shine among 'coiled spring' of maritime stocks International Seaways tanker in sweet spot as VLCC rates pass world scale 100 Analyst Joakim Hannisdahl says the tank

    Tankers  tradewindsnews.com 17 Apr 16:12 GMT Andy Pierce

    Vale mine reopening delivers 'very good news' for battered capesize market

    News that Vale is about to re-open its Brucutu mine has buoyed the market for forward freight agreements (FFAs), but has piled pressure on iron ore prices. The Brazilian miner has announced operations would resume at Brucutu sometime before Friday, subsequent to a court decision. Production volumes from Vale's Northern System will, however, continue to be impacted because heavy rains in March a

    Dry cargo  tradewindsnews.com 17 Apr 15:53 GMT Holly Birkett

    Intermarine veteran Andre Grikitis departs as Zeaborn buys out New Mountain Capital

    Intermarine’s major shareholder and its former chief executive are parting company with the The Zeaborn Group eight months after a deal which created one of the world’s largest MPP carriers. Zeaborn and Intermarine combine MPP, heavy-lift assets New 100-ship Zeamarine venture cleared to operate New Mountain Capital, which became the largest investor in Intermarine after the death of founder R

    Finance  tradewindsnews.com 17 Apr 15:18 GMT Andy Pierce

    Avenir explains shipyard swap for small-scale LNG carriers

    Avenir LNG claims all parties are happy with its move to shift orders for two mini LNG carriers from Singapore-based Keppel Corp to Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering Co (SOE). Chief executive Andrew Pickering confirmed the small-scale start-up outfit had declared the two 7,500-cbm ships at Keppel, which were options on a pair of firm vessels under construction.

    Gas  tradewindsnews.com 17 Apr 15:01 GMT Lucy Hine

    Songa Bulk’s seismic merger is not Blystad push into offshore

    Arne Blystad’s move into the seismic survey sector, following the merger of his Songa Bulk with Houston-based Axxis Geo Solutions, is not the start of a major drive in the offshore space. Arne Blystad moves into seismic sector with AGS merger Arne Fredly’s Hunter Group plots private placement as it closes in on debt financing Deal opens up new European investors for Star Bulk Oslo-listed Songa

    Finance  tradewindsnews.com 17 Apr 15:00 GMT Trond Lillestolen and Gary Dixon

    European political support grows for ship speed controls

    A powerful multinational group is forming in support of speed reduction as a method for shipping to meet its carbon emission reduction targets

    Casualties  tradewindsnews.com 17 Apr 14:59 GMT Adam Corbett

    Navios Maritime Acquisition seals $103m leaseback deal

    Navios Maritime Acquisition Corporation has struck a $100m plus refinancing package which leaves it without any debt maturing for more than a year. Navios Acquisition confident on refinancing and tanker market Navios Maritime Acquisition sells oldest VLCC to Nathalin New York-listed Navios Acquisition says the funds will come via a leaseback deal involving five of its tankers. It spans three m

    Finance  tradewindsnews.com 17 Apr 14:33 GMT Andy Pierce

    Keppel exec jailed for accepting bribes

    A former Keppel Shipyard executive has been jailed in Singapore for accepting bribes. Senior procurement officer Neo Kian Siong, 63, banked more than SGD 740,000 ($547,000) from certain suppliers in exchange for revealing prices quoted by competitors, the Straits Times reported. Ex-Keppel execs arrested in Brazil bribery probe These suppliers were than able to submit a slightly lower quote to w

    Legal  tradewindsnews.com 17 Apr 13:10 GMT Gary Dixon

    Chinese appetite for scrap steel is a stealthy threat to capesize market

    Forget Vale, look at China's use of scrap steel if you want a long-term view of capesize vessel demand, Bimco says.

    Dry cargo  tradewindsnews.com 17 Apr 12:36 GMT Holly Birkett

    Evergreen wins exemption for biggest ever Panama Canal transit

    Taiwanese line Evergreen has won an exemption to allow it to carry out the biggest boxship transit of the Panama Canal. Its 14,424-teu neo-panamax Triton (built 2016), chartered from Costamare, will pass through the waterway on 15 May. It is the first 20-row-wide containership to make the transit, Alphaliner said. The vessel is 51.2 metres wide, but at 369m long, exceeds the maximum permitted l

    Liner  tradewindsnews.com 17 Apr 12:32 GMT Gary Dixon

    Equinor makes it three with Mokster charter

    Norwegian oil major Equinor has fixed its third platform supply vessel (PSV) on a term deal in the last two days. Simon Mokster Shipping said its 6,000-dwt Stril Pioner (built 2003) has been booked for four months firm, with three two-month options attached. The deal starts in the second quarter. No rate was reported. Mokster said: "This is very gratifying for the shipping company and especiall

    Offshore  tradewindsnews.com 17 Apr 11:43 GMT Gary Dixon

    Trafigura forms petrochemical trading joint venture

    Trader and tanker owner Trafigura Group is forming a new joint venture to trade petrochemicals. The focus will be on bulk liquid chemicals, it said. The venture has been set up with "senior executives from the petrochemical trading industry", including the current management team of Altis Group International. Altis will continue to trade from Houston, while the new Altis International (Singapor

    Tankers  tradewindsnews.com 17 Apr 10:57 GMT Gary Dixon

    Pirates fire shots after boarding arrested ABC product tanker

    An ABC Maritime product tanker under arrest in Nigeria was boarded by armed pirates at Bonny River inner anchorage in Nigeria on Monday. Four attackers in a speed boat approached the Swiss-owned 7,600-dwt San Padre Pio (built 2012), which was seized by the Nigerian navy in January 2018 over unauthorised entry and illicit fuel trade. Two managed to board and fired shots with automatic weapons tow

    Tankers  tradewindsnews.com 17 Apr 10:51 GMT Gary Dixon

    ‘Adapt or die’: Shipping alone not viable for analysts

    Most pundits have already broadened their base into gas or other transport before Seaport Global terminated shipping coverage, but some remain edgy over the negative trend

    Finance  tradewindsnews.com 17 Apr 10:22 GMT Joe Brady

    Offshore slump sees huge vessels towering over Turkish shiprecycling centre of Aliaga

    Rigs, heavylift ships and small containerships are keeping shiprecycler Adem Simsek busier than ever as his yard awaits for EU approval

    Offshore  tradewindsnews.com 17 Apr 10:21 GMT Jonathan Boonzaier

    d’Amico International Shipping banks over $48m from equity raise

    d’Amico International Shipping has collected almost $50m from its second equity issue in three years. Paolo d’Amico sees strong demand for scrubber-fitted newbuilding d’Amico International Shipping in $50m equity raise backed by founding family Milan-listed DIS says 97.3% of investors took up subscription rights on the offering, which is designed to strengthen the company’s balance sheet. The

    Tankers  tradewindsnews.com 17 Apr 09:30 GMT Andy Pierce

    Mitsui OSK Lines snaps up stake in Reliance Industries VLEC series

    Japanese giant Mitsui OSK Lines has teamed up with a mystery investor to buy into Reliance Industries’ six VLECs. Chinese buyer breathes life into VLEC newbuilding sextet First laden VLEC sails to launch new trade MOL cracks VLEC market MOL first linked up with Reliance to charter the vessels on Christmas Day 2014 while they are still under construction at Samsung Heavy Industries. Reliance t

    Gas  tradewindsnews.com 17 Apr 09:05 GMT Andy Pierce

    Karadeniz snaps up EMAS Offshore anchor-handler

    Turkish group Karadeniz Holding has added an EMAS Offshore vessel to its fleet to support its Powership operations. MOL and Karadeniz team up on FSRUs and powerships The owner confirmed it has acquired the 220-bp anchor-handler Lewek Trogon (built 2008) for an undisclosed price. VesselsValue rates the previously laid-up ship as worth $6.5m. A Karadeniz spokesperson said the vessel would be use

    Ship Sales  tradewindsnews.com 17 Apr 08:47 GMT Gary Dixon

    Jinhui Shipping chairman raises shareholding for third time this year

    Siu Fai Ng, director of Jinhui Shipping and Transportation, has added to his holding in the Hong Kong-based bulker owner for the third time this year. Ng purchased 17,472 of the company's Oslo-listed shares on Tuesday at an average price of NOK 7.8778 per share or NOK 137,641 ($16,266) in total. Jinhui Shipping offers hefty payouts for two top executives Jinhui Shipping chairman raises shareho

    Dry cargo  tradewindsnews.com 17 Apr 08:46 GMT Holly Birkett

    Jan Hagemann: Shipowners have 'a once in a lifetime opportunity'

    Buy back debt from private equity funds now, says German financier, before it's too late

    Finance  tradewindsnews.com 17 Apr 07:24 GMT Ian Lewis

    Cerberus beefs up shipping team with key hires from German market

    Private equity firm raids former HSH Nordbank and Peter Dohle for shipping expertise

    Finance  tradewindsnews.com 17 Apr 07:24 GMT Ian Lewis

    Can Beijing boost to Chinese economy raise spirits in capesize time-charter market?

    Government efforts to stimulate the economy seem to be working, but other factors are creating headwinds for the dry bulk sector

    Dry cargo  tradewindsnews.com 17 Apr 07:24 GMT Rebecca Galanopoulos Jones

    More lines joining as digital shipping body debuts

    A new digital shipping organisation for container lines is up and running - and talks are ongoing with potential new members. Maersk Line, Hapag-Lloyd, MSC and Ocean Network Express (ONE) are the founders of the Digital Container Shipping Association (DCSA) in Amsterdam. Big five lines team up to set common digital standards to accelerate expansion Liner giants plan trade association in digital

    Liner  tradewindsnews.com 17 Apr 06:52 GMT Gary Dixon

    Chief engineer killed in SCI suezmax fire

    A seafarer has been killed and two others injured in a blaze on a suezmax tanker in India. The fire broke out on Shipping Corp of India's 147,000-dwt Maharaja Agrasen (built 1995) near Buchar island on 13 April. Two veteran crew killed in tanker fire Chief engineer Prakash Patyal died two days later, while the other two crew remained in intensive care, the Mid-Day website reported. They have b

    Casualties  tradewindsnews.com 17 Apr 06:38 GMT Gary Dixon

    Watch Spanish navy free hijacked ship

    The Spanish navy has released a video of an operation in West Africa this week that rescued a cargoship from a pirate hijacking. The incident took place in the Gulf of Guinea. Pirates "effectively hijack" ship in Gulf of Guinea The navy said the unnamed Nigerian-flagged vessel was being held by nine gunmen. They had been on board for four days. The patrol vessel Serviola sent armed pe

    Casualties  tradewindsnews.com 17 Apr 06:17 GMT Gary Dixon

    Tor Olav Troim's Golar LNG nets funding for FLNG Gimi amid series of liquidity boosts

    Tor Olaf Troim-backed outfit also receives notice to proceed with Croatian FSRU.

    Gas  tradewindsnews.com 17 Apr 05:24 GMT Dale Wainwright and Andy Pierce

    Samudera finally secures release of supramax bulker

    Indonesian shipowner says vessel now heading to Panama hull cleaning and bunkering.

    Legal  tradewindsnews.com 17 Apr 02:39 GMT Dale Wainwright

    ReCAAP: Asian piracy levels sink to 13 year low

    Indonesian ports show improvement, but concerns expressed about growing incidents off China.

    Casualties  tradewindsnews.com 17 Apr 01:01 GMT Dale Wainwright

    Intertanko’s proposal to cut sulphur was ahead of its time

    I am convinced our plan would have provided a much better, cleaner outcome

    Tankers  tradewindsnews.com 16 Apr 21:13 GMT Katharina Stanzel

    Sanko Line orders first newbuilding in seven years

    Sanko Line has turned to Japan’s Tsuneishi Shipbuilding for its first newbuilding order in seven years. The Tokyo-based shipowner has commissioned an 82,000-dwt bulker for delivery in the fourth quarter of 2020. Sanko disclosed the order for the scrubber-fitted vessel in a single-­line statement on its website last week but did not reveal the shipyard, the price or its motivation in placing the

    Dry cargo  tradewindsnews.com 16 Apr 21:12 GMT Irene Ang

    Haji-Ioannou company sues Sri Lankan state oil company

    A company linked to Cypriot billionaire Polys Haji-Ioannou is suing Sri Lanka's state oil company for $8m, alleging unpaid bills and a wrongful arrest. Argos Shipping, registration company for 34,995-dwt Argos (built 1996), filed suit in Houston federal court Monday alleging Ceylon Petroleum Corp chartered the tanker, failed to make agreed upon payments, then had the ship arrested in Sri Lanka an

    Legal  tradewindsnews.com 16 Apr 19:27 GMT Matt Coyne

    US port ban on Carnival ships could be 'catastrophe'

    Federal judge may temporarily prohibit Arnold Donald-led company for violating probation linked to environmental offences.

    Passenger ships  tradewindsnews.com 16 Apr 19:01 GMT Michael Juliano

    Lawsuit: OHT ship damages Navy newbuild in crash

    A crash involving an Offshore Heavy Transport ship did more than $60m in damage to Huntington Ingalls' Mississippi shipyard and an under-construction US Navy warship, a lawsuit filed in federal court last week alleges. The suit accuses the 64,900-dwt Hawk (built 1989) of losing control as it delivered a floating drydock to the US shipbuilder's Pascagoula, Mississippi facility 29 March, hitting a

    Legal  tradewindsnews.com 16 Apr 17:25 GMT Matt Coyne

    Scorpio Bulkers strikes sale-and-leaseback for six more ships

    Emanuele Lauro-led bulker player has agreed to sell the ships to Chinese conglomerate AVIC International.

    Dry cargo  tradewindsnews.com 16 Apr 16:30 GMT Michael Juliano

    Endre Rosjo builds R-Bulk fleet as it returns to profit in 2018

    The Norwegian investor Endre Rosjo is boosting the fleet of the limited partnership R-Bulk. The company, in which Rosjo has a 75% stake, has bought the Oshima built 50,000-dwt Yunga (built 2010), its annual report says. Expanding M&M Bank seeks to raise more equity Rosjo joins big guns at M&M Bank UK based online platform VesselsValue says the bulker is worth 12.7m. The purchase came during

    Dry cargo  tradewindsnews.com 16 Apr 14:59 GMT Trond Lillestolen

    Feline stowaway survives a month in a container

    An orange tabby cat has pulled off an astonishing feat of endurance by surviving a whole month in a container being shipped from China to Canada. The emaciated six-year-old female was found among pallets and foam pellets in a box that arrived in Vancouver from Shenzhen. CBC cited the animal charity SPCA as saying the animal had no food or water. So how did it stay alive? By licking the condensa

    Weekly  tradewindsnews.com 16 Apr 14:22 GMT TradeWinds staff

    Cargill forecasts upside in bulker rates despite current market weakness

    Trading giant says recovery in Brazilian and Australian iron-ore exports and a US-China trade deal can push up earnings later this year

    Dry cargo  tradewindsnews.com 16 Apr 13:44 GMT Max Tingyao Lin

    NAO PSV out of winter layup for Apache deal

    Emanuele Lauro-led Nordic American Offshore (NAO) has brought a platform supply vessel (PSV) out of winter layup for a new term contract. Public offshore firm was never the plan, says Emanuele Lauro Apache has awarded a trio of one-year deals for work off the UK, Seabrokers said, with the 4,200-dwt NAO Thunder's (built 2013) contract starting in May. Broker Westshore lists the ship as fixed to

    Offshore  tradewindsnews.com 16 Apr 12:48 GMT Gary Dixon

    Layup list to shrink as PSVs bask in endless summer

    Clarksons Platou Securities is tipping a big fall in laid-up platform supply vessels (PSV) as a buoyant North Sea market basks in an "endless summer." Turner Holm, managing director of equity and credit research, and analyst Sven Sele, said the sector is "unseasonably strong", with 2019 the strongest first quarter for spot rates since 2014. Pareto finally offloads PSV trio SD Standard Drilling

    Offshore  tradewindsnews.com 16 Apr 12:44 GMT Gary Dixon

    Tristar confirms six chemical tankers at Hyundai Mipo

    The Dubai-based Tristar Group confirmed it has ordered six 25,000-dwt IMO type 2 chemical tankers at Hyundai Mipo Dockyard (HMD) for delivery between 2020 and 2021. The ships have been placed under a long-term charter contract from oil major Shell and it is understood the order involves Eships, the tanker arm of Tristar. Meiji Shipping back at Hyundai Mipo for Shell product tankers Eugene Mayne

    Tankers  tradewindsnews.com 16 Apr 11:30 GMT Adam Corbett

    IMO 2020 switch won’t be pretty, says Koch Supply & Trading executive Andrew Smiley

    Shipping vice president says frustration will be felt months ahead of deadline as traders and charterers try to keep using high-­sulphur fuel for as long as possible

    Tankers  tradewindsnews.com 16 Apr 11:27 GMT Joe Brady

    Fred Cheng breaks 2019 capesize sales drought with flurry of activity

    The longest recorded lull in capesize S&P activity may have come to an end — but don't expect a meaningful upturn any time soon, brokers say

    Ship Sales  tradewindsnews.com 16 Apr 11:18 GMT Holly Birkett and Andy Pierce

    Pareto finally offloads PSV trio

    Norway's Pareto has finally succeeded in selling three platform supply vessels (PSVs) acquired from Bourbon seven years ago. Brokers said the 3,300-dwt Antenor, Asterie (both built 2004) and Bourbon Atlantide (built 2003), owned by Pareto's 3B Offshore, have gone for $0.88m each. Clarksons said A1 Offshore of Denmark has snapped up Antenor and Bourbon Atlantide, with Asterie going to Raj Shippin

    Offshore  tradewindsnews.com 16 Apr 10:18 GMT Gary Dixon

    Can DNV GL claim to be shipping’s largest class society?

    Latest IACS data shows it depends on which figures you are looking at

    Casualties  tradewindsnews.com 16 Apr 10:04 GMT Adam Corbett

    Tsakos Columbia phases out cash payments for crew

    Tsakos Columbia Shipmanagement has phased out cash payments to crew by masters. ShipMoney has rolled out an electronic payment solution on 90 ships, including tankers, boxships and bulkers, following a trial. Seafarers employed on Tsakos-owned vessels operated by Columbia Shipmanagement will have "complete control and access to their wages while onboard ship, including the timing and currency of

    Finance  tradewindsnews.com 16 Apr 09:36 GMT Gary Dixon

    Equinor fixes two PSVs from Eidesvik and Havila

    Equinor has fixed two platform supply vessels from Eidesvik Offshore and Havila Shipping. Eidesvik's 6,200-dwt Viking Queen (built 2008) and Havila's 4,000-dwt Havila Clipper (built 2011) have been fixed for a firm period of four months, plus options. The vessels' respective contracts will both commence this quarter, according to filings from the shipowners on Tuesday. No further details abou

    Offshore  tradewindsnews.com 16 Apr 09:25 GMT Holly Birkett

    Green activists target Carnival AGM in London

    Green activists wearing gas-masks have been protesting at US cruiseship Carnival Corp's AGM in London on Tuesday morning. Environmental group Stand.earth said the action at the Mandarin Oriental hotel in Hyde Park was aimed at shareholders. It said their "sombre message" is that "Carnival pollutes" and urged the shipowner to switch to cleaner fuel. Judge may ban Carnival from US ports for waste

    Passenger ships  tradewindsnews.com 16 Apr 09:22 GMT Gary Dixon

    Nordic marine insurers see hull premium income soar

    Cefor members register upturn in hull income as Gard and Alandia grow, but protection and indemnity rates slip further

    Insurance  tradewindsnews.com 16 Apr 08:13 GMT Adam Corbett

    ITF targets Germany's Bluships

    The International Transport Worker’s Federation (ITF) has started an inspection and auditing campaign on labour standards involving the ships of Johann MK Blumenthal (Bluships) following the detention of one of its vessels in Australia. ITF reveals state of food stores on German bulker German bulker probed after crew complaints The union said it would use its global network of 147 inspectors ar

    Dry cargo  tradewindsnews.com 16 Apr 07:19 GMT Adam Corbett

    Arne Blystad moves into seismic sector with AGS merger

    Norway's Arne Blystad is moving into the seismic survey sector through a merger of his Songa Bulk with Houston-based Axxis Geo Solutions (AGS). The Oslo-listed company, which sold its bulker fleet to Star Bulk Carriers last year, said it will assume the assets, rights and obligations of AGS by issuing shares to AGS investors. Songa deal linked to Star Bulk stock slump Blystad trims Songa Bulk s

    Offshore  tradewindsnews.com 16 Apr 07:12 GMT Gary Dixon