Survitec unveils new emergency descent system U.K. headquartered safety equipment supplier Survitec has unveiled a new emergency descent system. Called Evacuator, it is designed to evacuate people in time-critical emergency situations at altitudes of 6 m to 300
DFDS inks BWMS frame agreement with DESMI Ocean Guard Copenhagen headquartered DFDS has signed a frame agreement that will see DESMI Ocean Guard A/S CompactClean Ballast Water Management Systems (BWMS) installation on its existing fleet of vessels. The agreement covers more
Two Crowley senior leaders change roles Jacksonville, Fla., headquartered Crowley Maritime Corp reports that Michael Roberts is to return to Washington, D.C., to serve as the company's senior vice president for government relations. Roberts relocated in 2008 from
Seaspan completes KVH mini-VSAT roll-out fleetwide Middletown, R.I., based KVH Industries, Inc. reports that Seaspan has completed the implementation of KVH mini-VSAT broadband connectivity for all 107 managed vessels in its global containership fleet. Seaspan selected KVH's TracPhone
Harley Franco out at Harley Marine Services Harley Franco has been ousted from the company he founded, Seattle-based Harley Marine Services. According to the Seattle Times this is "the latest step in a struggle for control that eruptedLNG bunker/feeder based on OSV gets DNV GL approval A small scale LNG feeder/bunker vessel design based on an offshore supply vessel (OSV) has received Approval in Principle (AiP) from classification society DNV GL. Developed by Stavanger, Norway, based ShipInox AS,
Pricing power in shipping unattainable Perhaps a complete monopoly on dry bulk ships could achieve pricing power, it was suggested, but that would only invite...
Ireland will not permit EU port checks in event of no-deal Brexit 'Ireland is not going to allow situation where the UK leaving EU without a deal drags Ireland out of single...
Venezuela relies on Greek fleet to move crude US sanctions are not enough to stop oil being legally shipped out of Venezuela and Greek shipowners have been able...
ExxonMobil to boost low-sulphur fuel output in Singapore 'Marine is a tangible contributor to the bottom line of the corporation, our downstream division and our newly created fuel...
Singapore unfazed by China's bunker ambition Analysts say that rather than chipping away at Singapore's volume, the Port of Zhoushan is taking in vessels that used...
Container terminals face uncertain times Trade wars, Brexit and the sulphur cap will all impact on container ports around the world as global growth slows
Panama mulls de-flagging Venezuela tankers The Panama Maritime Administration is evaluating vessels flagged with Panama that are owned and operated by Venezuelan entities
Shippers call for modification of consortia rules European shippers claim carrier consortia are not compliant with current regulation and are failing to pass on benefits
Japan retains LNG crown, but growth is with China and South Korea LNG market growth estimated at 8%, with deliveries amounting to 314m tonnes - more than three times the level in...
Letter to the Editor: UK seafarer tickets Responding to a Lloyd's List article, the director of maritime safety and standards at the Maritime and Coastguard Agency says...
Daily Briefing Cosco Shipping manager says scale is key for carriers | Carriers' capacity discipline keeps rates in check | DSV seals...
Novatek signs LNG supply deal with Vitol The LNG will be shipped on free-on-board basis to Novatek's transshipment terminals in the Murmansk region and Kamchatka
Plunging capesize index sinks to fresh low of 122 points Cargo volumes out of Brazil were anaemic, and this has clearly hurt the supply-demand balance for capesizes, with Pacific trade...
Hamburg Süd completes sale of dry bulk units to China Navigation The divested units have offices in Hamburg, London, Melbourne and Rio de Janeiro and a chartered fleet of about 45...
Shipping chiefs face off in scrubber debate The difficulty of incorporating scrubbers into time-charter strategies has turned some ship operators off scrubbers, while pushing others towards spot...
Flavour of ship finance shifts away from 'plain vanilla' tradition A trend away from the traditional sources of shipping capital has been building for years
Tan Binh keeps growing with more handysize bulker buys Tan Binh's appetite for more ships shows no sign of abating, with yet another two sourced from the secondhand market. Brokers reported this week that the Vietnamese handysize bulker player has acquired the 33,700-dwt bulker Global Prosperity (built 2006) from Japan's Katayama Kisen for $8.4m. The Shin Kochi-built ship has recently been operated by NYK Bulk & Projects Carriers. Tan Binh observer
Green yard IMC-Yongyue opens up to competition China is leading the world in environmental shiprepair techniques and wants to share them with its competitors
Polaris Shipping appoints bookrunners for IPO in Oslo Due diligence has started for a listing in Norway's capital
Is 2019 Genco Shipping's year for a consolidation play? Chief executive John Wobensmith says New York-listed bulker owner has built a platform. Now the focus is on M&A.
Royal Caribbean stock holds firm following crane collapse onto Oasis of the Seas Shares in Royal Caribbean Cruises were holding firm today as analysts began running their numbers following the collapse of a shipyard crane onto one of the company's flagship vessels. Eight people were injured after the 225,000-gt Oasis of the Seas (built 2009) was struck by a crane and damaged at the Grand Bahama yard. Analysts at UBS suggested the shipowner could face lost revenue of around f
Seanergy Maritime chief executive Stamatis Tsantanis sees fantastic capesize buying opportunity Stamatis Tsantanis says rates for the massive vessels should recover in the second half of 2019.
EMGS signs off upsized Barents Sea contract The extended scope of the contract has added just under $1m to its value
Eidesvik Offshore wins period contract with Ocean Installer Ocean Installer has booked a subsea construction vessel owned by Eidesvik Offshore for a two-month contract. The 13,500-dwt Viking Neptun (built 2015) will begin the contract in the third quarter this year. Eidesvik said the contract includes extension options "in the charterer's favour" but did not reveal any further details. The vessel will continue to be employed with Germany's Merkur Off
Claus-Peter Offen questions consolidation and giant containership orders Consolidation in container shipping has some way to go before the rewards are reaped, according to leading shipowner Claus-Peter Offen. The Offen Group managing partner told today's TradeWinds Shipowners Forum in Hamburg that the benefits of consolidation have still to been seen among liner companies. Cosco ignores faltering trade as it mulls more mega-max orders Offen eyes scrubbers for boxshi
Safe Bulkers' Polys Hajioannou sees better days for 'big ships' in second half of 2019 Capesize rates have been in the doldrums since late January's Vale dam catastrophe, but Safe Bulkers' Polys Hajioannou remains optimistic for the second half of 2019. Rates for the ships have fallen 74% to $3,460 per day since the iron ore giant's closure of 50 tailing dams in the wake of the Brumadhino dam collapse which took 40 million tonnes off the market. "The market right now is a bit chal
Star Bulk and ER Capital abandon $105m capesize deal Star Bulk Carriers and ER Capital have walked away from a potential deal involving four capesize bullkers, following a dramatic fall in asset values during the past eight months. ER deal gets Star billing with added potential for scrubbers The agreement will save Star Bulk from having to pay around $10m above the market value of the ships. Petros Pappas, chief executive of Star Bulk, told Trad
'Big Ben' transaction signals time for shipowners to strike and buy back loans Private-equity funds seeking a quick return on their money are driving a new wave of distressed debt refinancing in Germany, experts told the TradeWinds Shipowners Forum in Hamburg today. Germany's Nord/LB raises $2.4bn Contships moves in on two deals for seven feederships Private equity firms disrupt traditional ship-financing landscape Closing of the funding for the Big Ben transaction -- on
Top Ships signs medium range tanker deal with Shell Greek tanker owner Top Ships has signed a time charter with Shell which will offer some exposure to the spot market. Top Ships takes in final product tanker newbuilding and first with a scrubber Top Ships closes Chinese lease financing for tanker brace Evangelos Pistiolis-fronted Top Ships says the 50,000-dwt Eco Palm Desert (built 2018) has been fixed on a deal running until September 2020. T
Huge Qatar LNG carrier shipyard tender imminent Growth-minded gulf state Qatar will issue a tender to shipbuilders in the coming weeks as it pursues plans to net around 60 LNG newbuildings for its planned liquefaction expansion project. Speaking at the opening of the LNG2019 meeting in Shanghai, Saad Sherida Al-Kaabi, who is Qatar's minister of state for energy affairs and CEO of Qatar Petroleum, said a slot reservation tender for the vessels
Ane Maersk Mc-Kinney Uggla backs progress on turning around AP Moller-Maersk 'supertanker' Ane Maersk Mc-Kinney Uggla has publicly backed progress to date in the high-profile transformation of AP Moller-Maersk from conglomerate to transport and logistics specialist. AP Moller-Maersk shares slump on 2019 outlook 'shock' Soren Skou sets out list of concerns clouding AP Moller-Maersk's outlook AP Moller-Maersk rings board changes with two new faces Uggla, the daughter of legendary ship
Belships buys first bulker since merger with swoop for Wenaas Shipping supramax Belships has made its first acquisition since completing a merger with Lighthouse through the purchase of a geared supramax bulker. The Oslo-listed company said it had struck a deal for the 58,700-dwt vessel for a price of $13m from Wenaas Shipping of Norway. While it did not disclose the identity of the vessel, it would appear to be Viola (built 2008), which is Wenaas' last remaining wholly own
S Korean tanker held over suspected N Korean smuggling A tanker has become the first South Korean-flagged ship detained over suspected oil smuggling to North Korea. The unnamed vessel is being held at Busan, South Korea, pending investigations into possible breaches of UN sanctions, the Yonhap news agency cited a foreign ministry official as saying. It is suspected to have been involved in a ship-to-ship (STS) transfer of oil to a North Korean tanke
Vitol, Repsol sign Arctic 2 LNG supply deals Russia's Novatek has announced new supply deals with Vitol and Repsol for its LNG projects. It said the Spanish energy company had agreed a 15-year deal to take 1m tonnes per year from the new Arctic LNG 2 development, as well as other Novatek sources. The LNG will be delivered ex-ship primarily to markets on the Iberian peninsula. Trader Vitol has signed an identical deal in terms of amount an
C Transport Maritime adds d'Amico Dry duo to supramax pool Monaco's C Transport Maritime (CTM) has welcomed another owner to its supramax pool. Italy's d'Amico Dry has added the 53,000-dwt Medi Bangkok (built 2006) and the 56,000-dwt Medi Paestum (built 2009) to the Supramax Revenue Sharing Agreement (RSA). Chandris (Hellas) joins CTM supramax pool CTM implied that more d'Amico ships could be joining later and said the RSA is "the largest and most flex
Video: DNV GL's Knut Orbeck-Nilssen sees gas in the lead as shipping sails to 2050 CEO of classification society's maritime division discusses realities of decarbonisation.
Another contract torn up at Uljanik Troubled Croatian shipbuilder Uljanik Group has lost another ship contract. Kuwait's Transport & Trading Co has scrapped a deal for a 13,700-dwt livestock carrier that had been due for handover in December. Uljanik Plovidba directors resign after arrests "The contract has been rescinded due to the inability of Uljanik to deliver the vessel in accordance with stipulations of the shipbuilding con
Gourdomichalis bulker freed in US but lawsuits continue Wheat-laden bulker Vigorous is now en route to Singapore after more than three months under arrest
Detained Murmansk bulker sold for scrap A detained Murmansk Shipping bulker has been sold for scrap at auction in the UK. TradeWinds understands a buyer from the British Virgin Islands is in talks with the Maritime & Coastguard Agency over safely removing the 19,900-dwt Kuzma Minin (built 1980) for recycling. The UK Admiralty Marshal has received $1m for the ship after a legal action was launched by Glander International Bunkering. U
Norwegian Shipowners Association: laid-up vessels and rigs falling A growing number of offshore shipowners expect to turn a profit this year, the organisation said.
Maersk Tankers targets major cut in CO2 emissions under new strategy Maersk Tankers is targeting a sharp reduction in CO2 emissions well ahead of ambitious IMO deadlines as part of a new strategy at the now privately owned company. A heightened use of digital technology, a more active approach to asset investments and greater collaboration to boost returns are also high on the agenda under the strategy, Shaping the Future. Digitally focused Maersk Tankers looking
CNCo seals Hamburg Sud bulker takeover China Navigation Company (CNCo) has closed its purchase of Hamburg Sud's bulker operations after receiving regulatory approval. The deal includes Rudolf A Oetker (RAO) and the bulker activities of Furness Withy and Alianca Navegacao e Logistica. Hamburg Sud sells bulker arm to China Navigation Hamburg Sud crewman tied up by drugs gang The sale was announced in January. The RAO Tankers busines
Chemship: cause of tanker clash not yet known Dutch manager Chemship has said the cause of a collision between one of its tankers and a passenger vessel is not yet known. The 14,300-dwt Chemical Marketer (built 2004) and river cruiseship Viking Idun were damaged above the waterline on Monday in the Westerschelde in Terneuzen. Chemship said that following the impact a number of passengers on Viking Idun suffered injuries and had received med
Containerships to redeem $67m bond issue Finland's Containerships is launching a bid to buy back its EUR 60m ($67m) bond issue due in 2021. It is paying 106.5% of the outstanding nominal amount, plus accrued interest. The redemption relates to the reorganisation of the CMA CGM Group, which bought Containerships last year. Monday marked the first day of its combined operation with CMA CGM short sea line MacAndrews, which included a mer
New DSME boss Sung-keun Lee focuses on price New DSME CEO Sung-keun Lee has put the emphasis of the yard group on winning more orders through a focus on price. Lee took over from Sung-leep Jung this week following the agreement of a mega-merger between the company and compatriot Hyundai Heavy Industries (HHI). "What is urgent at this point is to secure more orders on the back of our price competitiveness," he said in a message sent to all
Tsakos Group offers pension top-ups to employees Panagiotis Tsakos' brainchild is part of a wider campaign to revive Greek maritime tradition
Politics complicates Asian shipping's powerful growth TradeWinds looks at how geopolitics, trade tension, industry consolidation and regulations are affecting the top maritime region in terms of trade volumes
Crane crunches giant Royal Caribbean cruise vessel Oasis of the Seas Eight people have been reported injured after a crane fell on to a giant Royal Caribbean cruiseship in a Bahamas drydock. The incident happened at the Grand Bahama yard on Monday, damaging the 225,000-gt Oasis of the Seas (built 2009). Shipyard management said no injuries were life-threatening. The vessel was undergoing routine maintenance. Royal Caribbean said it was accounting for th
Four crew kidnapped from Contships vessel Four crew have been kidnapped from a Contships container vessel off Cameroon. The Nikolas D Pateras-led company confirmed to TradeWinds the incident involving the 1,100-teu Contship Oak (built 2007). A spokesperson said the shipowner could not give further details, other than that the rest of the crew is safe and it is working to free the seafarers with its specialist team. Migrants hijack bunk
Singapore yards to benefit from HHI-DSME integration The consolidation of South Korea's Hyundai Heavy Industries and DSME may bode well for shipyards in Singapore which in the short run can grab market share in the offshore market, according to analysts. As the merged entity will need to focus on integration for one to two years, CGS-CIMB analyst Lim Siew Khee says Keppel Offshore & Marine and Sembcorp Marine could gain an upper hand over their Sou
South Asian shiprecyclers say greener initiatives mean more expensive recycling Shiprecyclers in India, Pakistan and Bangladesh are willing to upgrade their facilities but think shipowners should be willing to accept lower rates
IMO 2020 costs to spur liner mergers? Container lines could be forced into mergers by the costs of IMO 2020 legislation. That is the view of shipping consultancy Drewry, which believes some financially vulnerable carriers may have no choice as the low-sulphur rules pile on more expenses. Lines made a combined "small profit" in the region of $1.5bn in 2018, Drewry estimated. "Without wanting to be too alarmist, there is the potentia
Yinson emerges as mystery Ezion investor Malaysian FPSO specialist looking to diversify into the renewable energy sector, says analyst.
Deutsche Bank: Newbuild orders make restrained start to 2019 Tanker owners holding back on contracting despite healthy rate environment, says analyst.
Veronica hangover sees BHP and Rio Tinto cut iron ore exports Port Hedland operating at reduced rates and not expected to return to full capacity until late April.
Greek bulker blamed for collision off Singapore Bulker master received "stern warning" over incident following MPA investigation.
DHS orders CBP officer 'surge' at southern border "We will immediately redeploy hundreds of CBP personnel to the border to respond to this emergency," Homeland Security Secretary Nielsen said.
Navis continues to roll out additional products "Navis Smart" will allow customers to take advantage of artificial intelligence and machine learning.
CMA CGM merges Containerships, MacAndrews The two intra-European transport brands will operate under the Containerships brand.
Hamburg Süd sells bulk shipping operations Maersk subsidiary will focus on container business.
Q1 SHIPPING, DRY BULK: Improved ECSA demand heralds positional Q2 The Atlantic Supramax dry freight market looks set for diverse returns over the second quarter, with vast demand for grains freight from the east coast of South America, but unbalanced fundamentals along the temperamental US Gulf Coast and in the Black Sea.
Traded Rotterdam HSFO barge volumes in March low on logistical constraints, closed arb Volumes traded in the Platts Market on Close assessment process for 3.5% fuel oil FOB Rotterdam barges in March moved to just 302,000 mt due to logistical delays in the Dutch port, a backwardated structure and a closed arbitrage east.
ANALYSIS: S Korea's crude imports from the US could surpass 40 mil barrels in H1 2019 Eagle Ford quality issue unlikely to deter regular monthly procurement South Korea will likely maintain its voracious appetite for US crude oil with at least 40 million barrels expected to reach the Asian consumer over the first half of 2019, as the import cost for lighter and sweeter North American grades have flipped to a discount against heavier Saudi grades.
New Brazilian crude grade trickles into China amid Venezuela sanctions Brazil's new grade of medium heavy crude oil, known as Buzios, is making inroads into the Chinese refining sector despite quality issues, helped by US sanctions that have curbed the supply of competing grades from Venezuela.
Global prices rise on storage, testing demand At the second financial quarter of 2019 begins, fuel oil traders and suppliers have begun to wade into the buying and selling of 0.5% Marine Fuel.
IMO 2020: Singapore's MPA to publish compliant fuels list by June The Maritime and Port Authority of Singapore Tuesday said it will publish a list of compliant marine fuels and also update its technical guidelines for bunkers by June to ensure a smooth transition to the new low-sulfur, maritime-fuel regime from 2020.
Suezmax tanker waiting to unload US Eagle Ford crude at China port A suezmax tanker with a cargo of US-origin Eagle Ford crude has sailed from South Korean waters to China's Qingdao Port, where it has been waiting to discharge its cargo for nearly a week, according to port sources, shipping agents and ship tracking data.
WTI structure firms as tightened supply outlook sends futures higher WTI forward structure strengthened Tuesday as a tightened supply outlook pushed crude prices higher for a third straight session.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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