ShipMoney extends agreement with Helikon Shipping Maritime payment solution provider ShipMoney has extended its Maritime Payment Services Agreement with Helikon Shipping into a long-term multi-year relationship. ShipMoney has been utilized by Helikon to pay wages to crew members
VIDEO: U.S. blames Iran in Strait of Hormuz tanker attacks At a press briefing in Washington this afternoon, U.S. Secretary of State Mike Pompeo blamed Iran for the attacks on two tankers that occurred in the Strait of Hormuz earlier today. "This
Autonomous ship will have automated mooring system MacGregor has won a contract from Kongsberg Maritime to deliver an automated mooring system for the world's first autonomous containership, Yara Birkeland. This will enable mooring operations to be undertaken without human
ClassNK releases guidelines on low-flashpoint fuels Classification society ClassNK has released Guidelines for Ships Using Low-Flashpoint Fuels (Methyl/Ethyl Alcohol / LPG). ClassNK notes that stricter environmental regulations are being enforced. It says that, in theory, ships using alternative
SW/TCH invests in Water Go Round e-ferry SW/TCH Maritime (SW/TCH) reports that it has invested to construct and own the Water Go Round e-ferry in collaboration with Golden Gate Zero Emission Marine (GGZEM). As we reported earlier (see story),
Two tankers attacked in Strait of Hormuz Attacks on two tankers in the Strait of Hormuz made headlines this morning. Iranian state controlled media showed images of a pillar of smoke rising from one ship and reported that Iranian
Nor-Shipping sets new records Organizers say that the latest Nor-Shipping was the most successful ever. In all, almost 50,000 people participated in Nor-Shipping 2019 official events between 3 and 7 June - a 34% increase over
Tanker attacks: US accuses Iran of working to disrupt oil flow Facts must be established and responsibilities clarified, argues UN secretary general, but US officials appear adamant that Iran is to...
Maritime risk at 16-year high after tankers targeted again The US is adamant that Iran is behind Thursday's attacks, but as security sources assess the evidence the shipping industry...
Tanker attacks: IMO chief 'greatly concerned' IMO secretary general Kitack Lim said investigations would determine whether further action by the organisation is needed
London Club combined ratio hits 140% after $26m deficit The main factor contributing to the loss was an increase in the cost of claims
Economou tables offer to take DryShips private Under the terms of the offer, DryShips would be merged into a subsidiary of SPII Holdings
Ex-Liberian flag chief joins Oldendorff Scott Bergeron will be focused on developing commercial opportunities in the US market, as well as being involved in the...
Tanker attacks: Diplomatic channels opened to repatriate crew 'I am extremely worried about the safety of our crews going through the Straits of Hormuz,' Intertanko chair tells Lloyd's...
Hunter Group selects OSM to manage new VLCCs The vessels, which are being built at the DSME yard in South Korea, are due to be delivered by the...
DHL Global Forwarding stays top of 3PL league Gains made last year will be difficult to replicate again in 2019
Cagliari transhipment hub future in doubt Negotiations over the future of CICT are continuing following Hapag-Lloyd's decision to pull out from calling at the terminal
MGO will remain a safer bet over LSFO at top bunkering port In light of the information made public so far with respect to the positions bunker suppliers may hold on marine gas oil...
Daily Briefing UK's upcoming 2050 net zero emission law leaves shipping untouched - for now | Cargill cuts shipping emissions on chartered...
Oil tankers 'attacked' in Gulf of Oman 'Tension in the Strait of Hormuz and the Persian Gulf is now as high as it gets without being an...
Viewpoint: Ports key to supply chains Ports represent the front door to any country and to an island like this, efficient ports with good landside communications...
Gunvor eyes offtake with Commonwealth LNG Large trading houses such as Gunvor are latching on to the opportunity offered by the flexible destination offtake agreements with...
Shipowners in Greece and Hong Kong join to express 2020 'concerns' They also agreed that shipping should not be expected to fund all the research and development needed to meet carbon...
Oxygen depletion fatalities on the rise So far this year, five deaths have been reported due to oxygen depletion, with another 10 linked to a gas...
Delta Tankers and Zodiac Maritime identified as Brightoil VLCC buyers Brokers say there is optimism in the VLCC market but not many transactions have taken place due to gaps between...
Chemical company sues Tide Line over terminal crash A northern New Jersey chemical company is accusing the crew of a Greek-owned bulker of disobeying terminal rules and taking it out of commission for weeks last year. AdvanSix filed a $1.5m lawsuit in Norfolk, Virginia federal court Tuesday, alleging the 26,000-dwt Amazon (built 1997) damaged the pier at its Hopewell, Virginia terminal last June while loading ammonium sulfate destined for west Afr
US blames Iran for twin tanker attacks off Fujairah The attack follows a pattern of behavior since the US pulled out of a 2015 nuclear deal with Iran, Pompeo says
Cruise majors plan to stay course in Middle East Six tankers have been attacked off Fujairah in the past month.
Vietnam benefits as trade war hits Chinese shipments Other Asian nations gain at neighbour's expense
STX among Asian shipyards seeking MR tanker deals South Korea's STX Offshore & Shipbuilding is among Asian yards hoping to win orders for MR tankers following its recent deal with Pacific Carriers for two 35,000-dwt product carriers. The Chinhae-based yard, which is working its way out of administration, has told brokers it is once again ready to start contracting ships in volume as it recovers from financial difficulties. Pacific Carriers retu
Klaveness Marine reveals juicy annual profit Klaveness Marine Holding had another successful year in 2018, which saw profit account for nearly half of its revenue. The Oslo-based private investment company, which is owned by Tom Erik Klaveness and his family, made most of its profits on property for the second year in a row. Klaveness Marine last year had a pre-tax profit of NOK 329m ($38.1m) against a NOK 365m profit in 2017. The operati
China seizes Arctic agenda with unique ice-class skill set The world may be wary of a Chinese military strength, but Beijing's 'Silk Road on the Ice' is a greater power play
Shandong Shipping signs up for Vale-backed quartet Chinese owner orders newcastlemax bulkers at Qingdao Beihai against long-term COAs from Brazilian miner
AUDIO: Captain of Hyundai Dubai makes distress call TradeWinds is verifying the authenticity of the audio file.
Global Ship Lease fixes two ships with 'top-tier' outfits One vessel will go to MSC, the other to Maersk.
Tanker stocks follow oil prices upward in New York Listed owners show early gains as market begins to digest impact of latest attacks in Middle East Gulf.
Trafigura in talks with Hyundai Heavy for LPG-fuelled VLGC duo Trader and shipowners move to support growing trend for fuel shift on large gas carriers
George Economou offers to buy DryShips SPII Holdings is offering $4 per share in cash for New York-listed bulker player, which just acquired tanker pool operator Heidmar.
Flames doused on Frontline tanker after day of chaos Salvors have managed to extinguish a blaze on a Frontline tanker following an attack on two vessels in the Gulf of Oman on Thursday. Embed: Attack footage Rumours of torpedo attacks swirled in shipping circles from the early hours, as conflicting reports cast doubt on the fate of the 110,000-dwt Front Altair (built 2016) and the 27,000-dwt BSM-managed tanker Kokuka Couragous (built 2010) and the
Iran says tanker attacks 'suspicious' The attacks come during a visit from Japanese PM Abe and amidst Iran-US tensions
JB Ugland has profitable 2018 but shipping plays a bit part JB Ugland Group has reported strong annual results for 2018. But shipping, which was once key to the Ugland family's business activities, now plays a minor role in the company's results. Parent outfit JB Ugland Holding increased its pre-tax profits sharply in 2018 to NOK 319m ($36.9m), from NOK 247m ($29m) a year before. Operating revenues for the Grimstad-based privately owned company totalled
Diamantides and Ofer feast on auctioned Brightoil VLCCs Zodiac Maritime joins Greeks' hunt for Brightoil tankers auctioned in the Far East
War risk underwriters face bill for Fujairah attacks US Iran sanctions could raise issues for insurers over salvage payments
Avin joins march of the makers with HHI suezmax order Vardinoyiannis-controlled company returns to the shipbuilding market after a seven-year break
Owners eyeing Gulf tanker loading with caution in poor market Attention turns to last done fixture and how loadings in the region might be affected.
A 'piracy' case Blackbeard could only have dreamed of A sideways look at shipping by TradeWinds staff
Frontline's Hvide Macleod says tanker explosion cause unclear Salvage tugs on standby as investigation starts into the cause of devastating explosions.
Mareel seals leaseback deal for 25 CTVs UK operator Mareel has announced a sale and leaseback deal with a transport fund for 25 crew transfer and wind farm support vessels (CTVs). Fred Olsen and N-O-S team on crew vessels The buyer is Flexam Invest, which specialises in shipping and logistics investments. Mareel, a subsidiary of Swedish offshore shipping company Northern Offshore Group (NOG), will manage and operate the ships off the
Petrofin says end of Greek lending drought is in sight Credit Suisse emerges as the leader in Greece's ship financing for the fifth year
Sonangol and Clarksons Platou partnership set to end The Saragol Tankers cooperation with Sonangol and two groups of investors led by Clarksons Platou Project Finance is poised to come to an an end, TradeWinds has learned. The Angolan oil company had two tankers fixed on long-term charter to two different Norwegian firms. Stena Sonangol sees IMO 2020 gain for suezmaxes DSME boosted by $400m delivery of Sonangol drillship Some brokers claim that
Paulo d'Amico: western crude supply could be at risk Intertanko chairman Paolo d'Amico issued a stark warning to the world on Thursday following the attacks on two tankers in the Middle East Gulf. The Italian shipowner said in a statement: "Following two attacks on member vessels this morning, I am extremely worried about the safety of our crews going through the Strait of Hormuz. "We need to remember that some 30% of the world's (seaborne) crude
China, South Korea in ballast water pact Asia's No 1 and No 4 economies have detailed more rules in enforcing the IMO Ballast Water Management Convention.
Frontline crew taken to Iran, Schulte crew on US navy ship Iranian rescue teams pick up Frontline crew, while the crew of Kokuka Courageous are on a US navy vessel.
OSM Maritime wins technical management contract for Hunter Group VLCCs Hunter Group has contracted OSM Maritime to undertake the full technical management of its state-of-the-art fleet "smart" VLCCs. Hunter Group bangs tanker drum as $196m double VLCC sale talks continue The eight vessels are currently under construction at DSME in South Korea and will be delivered towards the end of 2019 and into 2020. The Hunter vessels will be managed from OSM's base in Arenda
Tanker Kokuka Courageous damaged but afloat All 21 crew from tanker are safe after abandoning ship following Gulf incident
Oil price spikes, Frontline shares up, after new Gulf tanker attacks Rises reverse recent declines due to trade worries and growing stockpiles
Frontline and Schulte tankers attacked off Fujairah 'Successive explosions' reported as crews abandon vessels safely with no casualties reported.
Algoma hull holds the key for 3 Maj yard A partially completed bulker cancelled by a Canadian owner is vital if Croatian shipbuilder 3 Maj is to avoid bankruptcy, according to its CEO. Edi Kucan told the Poslovni website that hull 733, abandoned by Algoma Central Corporation last year, is 80% complete. 3 Maj bankruptcy decision postponed He wants the Croatian government to provide €120m ($134.8m) to finish this and three other vessels
Singapore's big guns say they are "ready for IMO 2020" BW Group, Maersk Tankers, Pacific Carriers, AET and PIL all set for 1 January deadline, says MPA.
BMT gains foothold in US offshore wind sector Two vessels will be deployed on Orsted's coastal Virginia offshore wind project by 2020.
Seacon goes on $80m raid for wide-beam Hammonia trio Singapore liner operator leads foray into German market by taking three boxships
K Line plans to fit scrubbers to just 10% of its bulker fleet LNG bunkering, renewable energy and hydrogen can be the options to meet the IMO's emissions targets for 2030 and 2050, according to the Japanese giant's environmental chief
Middle East buyers chase midsize bulker purchases Serenity buys ship from Triton Navigation, while details emerge on two S'hail panamax buys
Suspected attacks on two tankers in Gulf of Oman The Norwegian-owned Front Altair was "suspected of being hit by a torpedo" and the Japanese-owned Kukako Courageous was struck "with some sort of shell," according to reports.
Commentary: China ends burdensome NVOCC process The multistep requirements for initial applications and renewals have been simplified by the Ministry of Transport.
Ag shippers say customer service 'dying art form' Exporters at the annual meeting of the Agriculture Transportation Coalition lament lack of visibility to shipments and carrier accountability and the disappearance of telephones.
Port of Hamburg touts growth in rail traffic
TOTE's Greene recognized for lifetime of achievement
Executive Moves: Lufthansa Cargo, USPack
TOTE Maritime Puerto Rico leasing 220 NaturaLINE units
Taiwan's CPC to seek replacement naphtha cargo after tanker fire "If the replacement cargo arrives before July 20, we can maintain cracker runs at 100%," Chen said.
TANKERS: Daily VLCC earnings to rise sharply in 4Q: Fearnleys A turnaround is expected as ships are taken for floating storage, installing scrubbers and more oil is likely to be produced by OPEC member countries, Kilen said.
Two tankers loaded with 'Japan-related cargoes' attacked near Hormuz: METI minister The reported attacks came to light during a visit by Japanese Minister Prime Minister Shinzo Abe to Iran.
IMO 2020 could cause Brent price spike to $80/b by end-2019: Platts Analytics Midgley indicated there was strong support at that $60 level.
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