Industry & government should partner for $5 trillion economy target: Goyal
India's first services based Gujarat Maritime Cluster to house arbitration & mediation centre focused on maritime & shipping sector Webinar organised to promote the centre
VIDEO: Keel laid for first Jones Act Wind Turbine Installation Vessel Richmond, Va., headquartered Dominion Energy reports that it has reached a major milestone-the keel laying-in the construction of the first Jones Act compliant offshore wind turbine installation vessel (WTIV), currently being constructed
Latest Marine Log digital edition now available The full content of the December issue of Marine Log is now available. Notable features include our first ever Top Women in Maritime profiles and our traditional year-end selections, including coverage on
Buttigieg nomination points way to greener Department of Transportation In a sign that under the Biden administration, the Department of Transportation will play a prominent role in helping push the greening of the American economy, President-Elect Joe Biden has announced that
Key banks disclose the climate alignment of their ship finance portfolios In a first-of-a-kind climate finance report, 15 financial institutions that are signatories to the Poseidon Principles on green shipping finance have disclosed the climate alignment score of their ship finance portfolios. Announced
GE gas turbine chosen for Constellation-class frigate propulsion system GE Marine reports that it has been awarded a contract to provide shipbuilder Fincantieri Marinette Marine with a GE LM2500+G4 aeroderivative marine gas turbine to power the Navy's first Constellation class (FFG
VIDEO: Versatile amphibious dredge now available in North America Moran Iron Works, Onaway, Mich., has partnered with Ann Arbor, Mich., based Watermaster NA to manufacture a Jones Act compliant version of the Finnish-engineered AMD 5000 amphibious dredging machine. The video embedded
Worldwide access opens to unique Panama registry and crewing services Applicants can make payments, track their application's progress and receive electronic certificates directly from the Panama Embassy in Singapore
March to digitalisation will enhance safety, sustainability and financing The Lloyd's List/Inmarsat joint publication Digitalisation Uncovered - What's Next for Shipping? shows primary drivers for digitalisation are cost reduction and...
Why we should all be concerned about seafarer mental health A rise in bullying and harassment at sea can be linked to weak leadership, a reduction in community spirit, and...
Ship finance bounces back after Deutsche Bank retrenchment 'We really didn't want to be one of 25 lenders in a syndicate and not really be meaningful. A view...
Shipping fund has seen record year ahead of new environmental strategy The EnTrust Global maritime outfit has deployed over $600m in 2020 while raising $925m since April. Now, the fund is...
UK plans to rival Singapore are more proposal than policy The timing of a leaked set of proposals to bolster the UK flag next year has ruffled feathers and the...
Eight crew kidnapped by Gulf of Guinea pirates So far 27 ships have been boarded and 130 crew kidnapped in waters off West Africa, Dryad Global reports
Can a bipolar tanker market find equilibrium in 2021? The old shipping adage that cargo is king applies more than ever for 2021. A rising east-west divide, post-Trump geopolitical...
Tonnage providers celebrate with a boxship bonanza The surge in demand for containerised freight has seen every available ship put into service. A shortage of tonnage is...
Norden shifts exposure from tankers to bulkers Danish owner and operator says it has sold two tankers in recent weeks and bought two secondhand bulk carriers as...
UK Ship Register set to take offshore units and revamp tonnage tax after Brexit Singapore repeatedly referenced as comparator for UK flag's future
Shell charters four newbuild LNG carriers The LNG tankers, to be built by Korea Shipbuilding & Offshore Engineering, are worth more than $740m. They will be...
TOTE Services cut steel at Philly Shipyard for new training vessels The National Security Multi-Mission Vessel will feature numerous instructional spaces, a full training bridge, and have space for up to...
Daily Briefing Free to read: Ship finance climate report revealed | Oil heads lower for longer | Rina ruling sparks class concern |...
BW Group becomes largest shareholder in Navigator Holdings The operator of the world's biggest VLGC fleet is now extending its reach to the smaller LPG carriers segment with...
Russian miner to boost Elga coal exports to China The company wants to further boost the volume to 50m tonnes per annum in the longer term, according to general...
War-risk rates set to rise after Red Sea 'terror attack' on Hafnia LR1 Owners face higher premiums as security threat spreads
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' John Kartsonas said
Hot LNG carrier charter rates can climb higher, Poten says 'Seasonal bump' set to last through winter period as wildcards could cancel out fleet growth concerns
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
Scorpio Bulkers sees higher price for latest ultramax sale New York-listed owner deals 28th vessel of the year as sales march continues
GEV working on Brazilian deal for 'large fleet' of CNG ships Potential contract is second project Australian owner is preparing for in South America
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
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
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
Shipowner pair moves into top Greek construction firm Altomare principals Dimitris Bakos and John Kaimenakis deepen their close partnership, emerging as joint shareholders in one of Greece's biggest onshore companies
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' association
'The currency of 2021 is emissions': Parker plots way forward for banks Citi's shipping head sets out his hopes for the coming months, including Chinese lenders joining the Poseidon Principles
Probunkers applies for LNG bunkering license in Singapore Athens-based company set to revive bunker vessel newbuilding plans in the New Year
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
Eight more seafarers kidnapped from cargoship off Nigeria Second successful boarding in two days emphasises need for utmost caution in Gulf of Guinea
'This is the new normal': Read 40 shipping players' perspectives on what's changed for the sector As shipping looks toward the post-pandemic world, a cross section of the industry told TradeWinds what's in store. Click on any of the names below to read their views.
Grimaldi taps Spain's Caixabank for $42.5m in newbuilding finance New loan will fund second of series of new ro-ro vessels due from China Merchant Jinling Shipyard
Diana Shipping offers first share buy-back since January New York-listed bulker owner to use cash from ship sales in 'one-off' repurchase deal
New Louis Dreyfus venture orders French offshore wind vessels French owner teams with UK's Tidal Transit for crew transfer operations
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
U-Ming pumps $20m into Chinese bulker joint venture Taiwanese shipowner eyes long-term investment in ground-breaking service across Taiwan Strait
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
HFW Singapore gets down and dirty with anniversary beach clean Law firm celebrates 30 years in Singapore by helping to clean up its beaches
'This is the new normal': Read 40 shipping players' perspectives on what's changed for shipping As shipping looks toward the post-pandemic world, a cross section of the industry told TradeWinds what's in store. Click on any of the names below to read their views.
Greater arbitration transparency expected after UK Supreme Court move Court clarifies the law on appointing arbitrators and apparent bias where multiple appointments overlap
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
Andrew Yeoman: 'The digital version of the insurance market is just getting started' Concirrus chief executive says 2020 was the 'end of the beginning' as digitalisation and new operating models are being embraced
Elina Papageorgiou: The industry has only 'scratched the surface' of remote surveys' possibilities Lloyd's Register's UK and Ireland marine and offshore president says the ability to carry out surveys from afar is not new, but Covid-19 made it vital
Stamatis Tsantanis: 'The day after tomorrow will not look the same' Chief executive of Seanergy Maritime Holdings says economic stimulus efforts will fuel massive infrastructure projects
Nikos Triantafyllakis: 'We must not reach the point of transferring ashore responsibilities that must stay on board' Chief executive of bulker operator W Marine says traditional seamanship values must be preserved, despite Covid-19 accelerating technology change
Korinna Tapaktsoglou: 'We have seen firm evidence of positive sentiment and higher rates' Chief financial officer of Pioneer Marine says sale-and-purchase environment will allow bulker owners to renew their fleets
Gary Vogel: 'The table is set for a continued rebound' Chief executive of Eagle Bulk Shipping says path is unchanged for the shipowner, with 2020 standing out as a 'lost year'
Thomas Wilhelmsen: 'The New Year will continue to pose uncharted psychosocial challenges for all of us' Wilh Wilhelmsen Holding chief executive says group's people must remain in focus as dedication takes its toll
Iro Gidakou: Out of the challenges for seafarers, some opportunities can emerge Maran Gas Maritime master mariner says seafarers are facing challenges in Covid-19, but some new procedures are positives
Jens Martin Jensen: Why shipping's future makes it worth going back to chemistry class Athenian Holdings chief executive explains need to decipher NH3, H2, C3, C4 and CH3OH
'This is the new normal': Read 41 shipping players' perspectives on what's changed for shipping As shipping looks toward the post-pandemic world, a cross section of the industry told TradeWinds what's in store. Click on any of the names below to read their views.
Abdulkareem Al Masabi: Now is the time to 'act strategically with a long-term vision' Chief executive of Adnoc Logistics & Services says shipping should not lose sight of environmental focus as it rides the rebound
Anthony Gurnee: Remember the full meaning of 'sustainability' Ardmore Shipping chief executive says the Covid-19 pandemic has shown that financial resilience is key
Mikael Skov: Pandemic has 'accelerated the energy transition' Chief executive of tanker owner Hafnia excited for product carrier sector to be better positioned for a post-Covid-19 world
Hu Keyi: History shows shipbuilding can overcome the challenges Chief of corporate technology at Jiangnan Shipyard says industry faces continued uncertainty
SY Park: 'Favourable opportunities will be created after Covid-19' Chief operating officer of Hyundai Heavy Industries says rising regulation and the Joe Biden administration in the US will fuel demand for new ships and technologies
Mohammed Zahirul Islam: 'There is a huge appetite to buy vessels for demolition' Managing director of PHP Ship Breaking & Recycling Industries sees 'hope and opportunity' in the post-pandemic rebound
Jasmin Fichte: 'Restructuring, insolvencies and mergers will keep the legal industry extremely busy' Managing partner of Dubai-based law firm Fichte & Co says legal work related to Covid-19 will continue to flow in
Mark Friedman: Market will support 'companies that are strong enough to be countercyclical' Senior managing director at Evercore sees a silver lining to the pandemic's impact on shipping
Kristin Holth: 'We need to make a deep dive into how resilient we are' Board member at Maersk Tankers and GasLog asks whether shipping has built in enough flexibility to tackle the challenges of the future
Paivi Haikkola: Pandemic has 'highlighted the need' for autonomous technologies Senior ecosystem lead at autonomous shipping alliance One Sea says the pandemic has increased demand for technological solutions
Chris Moncrieff: Remote work has enhanced the challenges of the 'old ways' The chartering advisor and co-owner of VesselAdmin says a common digital chartering platform is inevitable in offshore
Su Yin Anand: Year of challenges 'resulted in a flight to innovation' Maritime lawyer and founder of The Captain's Table innovation programme says it is a great time for people who want to make a real impact to get on board with shipping
Semiramis Paliou: Pandemic has served as a 'catalyst' Diana Shipping's deputy chief executive says that while Covid-19 has facilitated new communications and technical solutions, it has also highlighted the importance of physical presence
Covid-19 drives whirlwind change after year that tested shipping's resilience A year overshadowed by the Covid-19 pandemic has brought renewed attention to crew welfare standards, but longer-term themes of shipping's future shape also emerged as key messages from our annual survey of leading industry figures
Constantin Baack: Changes 'will continue to accelerate the charter rate boom' Chief executive of MPC Container Ships says Covid-19 has created more regional trade and created structural shifts in consumer behaviour
Carmelita Hartoto: 'We need to concentrate on our core shipping operation' Chief executive of the Andhika Group and chairwoman of the Indonesian National Shipowners' Association says her company is outsourcing and adopting digital technologies to stay focused on what is important
Monica Kohli: Covid-19 to lead to overhaul of pandemic clauses Gard senior lawyer says coronavirus has moved digitalisation of insurance forward and will lead to charter contract changes
Fabiola Hernandez: A return to the pre-Covid-19 environment looks unlikely Total Marine Fuels Global Solutions' HSEQ and technical director says the pandemic has not been in the way of the march to LNG fuel
Philipp Wunschmann: Resiliency in Covid-19 has been 'proof of concept' Head of shipping at Berenberg says bank has had no defaults amid the Covid-19 pandemic
Tom Crowley: Providing supply chain resiliency from home Chairman and chief executive of Crowley Maritime says continued support and vigilance is key to crew welfare challenge
Zhou Ling: 'Nobody gave us nasty surprises whatsoever' Head of shipping at CMB Financial Leasing is optimistic after even cruise sector managed to avoid causing problems for financier
Alexandra Willcox: More arrests and more judicial sales ahead Eggar Forrester Shipbrokers' director explains how Covid-19 has changed the market for court sales
Quintin Kneen: Mariners should have priority access to vaccines Tidewater chief executive says mariners were forgotten in the 'fog of war' during Covid-19 crisis
Christine Duffy: 'We're seeing pent-up consumer demand' But Carnival Cruise Line's president acknowledges that the passenger experience will change when the sector returns to business
Anita Gajadhar: Building resistance in an 'ever-changing global environment' Managing director of Proman Shipping says the pandemic has taught important lessons about volatility of fossil fuels
Vincent Lai: 'We do need to take care of the fundamental' Landbridge Holdings chief executive says that as shipowners talk about technology and revolutionary future fuels, focus should be on seafarer well-being
Booming boxship markets scupper Samherji's second offer for Eimskip Icelandic company's investors reject attempt by fish processor to buy company
Thoresen makes second bulker acquisition of 2020 Singapore shipowner linked to Scorpio Bulkers ultramax first reported sold in late October
HOLD chops MPC Container Ships stake but retains trust in bosses Hungarian investment company is sticking around despite recent share sale
Clarksons forecasts slight rebound for bulkers in 2021 despite 'headwinds' But the shipbroker warned that 'clear risks remain'
Shipping industry sails through storms of 2020 with pride intact Optimism rebounds as news of Covid-19 vaccine gives shipping markets a shot in the arm
Dry bulk poised for growth in 2021 amid Covid-19 recovery In 'extraordinary outcome', period charter market robustness points to improvements next year
Jordan's Arab Ship Management buys Chinese ropax vessel Purchase is the first non-scrap deal involving an Asian-owned ropax this year
Australia plays down talk of retaliatory iron ore levy on China Prime minister Scott Morrison says coal import ban would breach World Trade Organisation rules
HFW Singapore gets down and dirty with anniversary beach clean-up Law firm celebrates 30 years in Singapore by helping to clean up its beaches
Pacific International Lines sells another bulker as it stages dry cargo exit Dry bulk exit reportedly linked to restructuring that will see Singaporean shipowner focus on core liner business
Knutsen NYK Offshore Tankers drops down suezmax to MLP US-listed partnership has also entered into a new $25m revolving credit facility with Shinsei Bank
The results are in: first Poseidon Principles report reveals banks' green compliance levels Big difference in portfolios' decarbonisation compliance as Michael Parker hails ship finance's pioneers
Qantas Freight renews domestic air contract with TNT/FedEx Australia FedEx Express and TNT Express are integrating. They will continue to outsource airfreight to Qantas under a new deal.
News alert: Regulators warn container lines to stop refusing US exports Allegations of service and rate violations ocean carriers against U.S. exporters are increasing, according to FMC commissioners.
Container ports are booming - and not just on West Coast Container flows into U.S. ports have grown faster over the past three months than they have at any other time in the past decade.
Delta Air Lines moves Pfizer vaccine on passenger flights (with video) Delta joins the caravan of airlines moving COVID vaccines. Air Canada gets ready.
ONE Apus container loss shows need for 'real-time information' Removal of dislodged containers is expected to take more than a month, and none of the 1,816 units that fell into the Pacific have been...
No dry ice shortage, FedEx and UPS say The dry ice shortage that many feared would crimp the ability to ship COVID-19 vaccines turned out to be a Y2K event.
OIL FUTURES: Crude settles at 10-month highs following US inventory draw Crude futures settled higher Dec. 16 on the heels of a larger-than-expected US crude inventory draw.
TENDER DATA: Iraq's SOMO sells straight-run fuel oil for Q1 2021 loading SOMO last sold 475,000-871,000 mt of straight-run fuel oil loading in November and December to Shuaa Altaka, PTT and Anlel at a premium of $18-$20/mt to MOPAG 180 CST fuel oil assessments, FOB.
US crude exports climb on week, end of year spike expected US crude exports climbed on the week ended on Dec. 11 from a more-than two-year low, according to data released on Dec. 16 from the Energy Information Administration, as a flurry of fixture activity for the end of a year indicates a further jump in flows in future weeks.
TENDER DATA: Sri Lanka's Lanka IOC seeks marine fuel 0.5% for H1 Jan delivery Lanka IOC occasionally seeks marine fuel 0.5% volumes from the spot market via tender to meet bunker demand at Trincomalee.
FUJAIRAH DATA: Oil products stocks reach highest since late August Stockpiles of oil products at the UAE port of Fujairah jumped 6.7% in the week to Dec. 14 to their highest level since the end of August, the latest data from the Fujairah Oil Industry Zone shows.
Container rates soar on the North Asia-to-Europe trade routes **North Aisa-to-UK route sees three-and-a-half-fold increase **Rates expected to hold until Lunar New Year **CMA-CGM to increase capacity to Europe by 10% in 2021 **Equipment shortage issues causing disruption on backhaul trades
INDONESIA DATA: October jet fuel imports total 40,890 mt **No jet fuel imports over May-Sept. **Air travel crippled by COVID-19
INDONESIA DATA: Oct gasoil imports hit 6-month high on looser COVID restrictions **Indonesia's gasoil imports up 6.2% on year **Inflows from Singapore more than double
Poseidon Principles report shows 20% alignment with IMO climate goals **Half of disclosing banks showed close alignment **Environmental conditions already affecting loans
ExxonMobil, Dutch Vopak to study potential South African LNG import terminal **Agree MOU to carry out feasibility study **S Africa eyeing gas to replace dirtier coal **US major says 'well positioned' to supply LNG
Angola's Feb crude loadings down on month at 1.096 mil b/d **Total of 32 cargoes in Feb, down from 38 in Jan **No cargoes of Palanca, Saxi or Mondo to load in Feb
Algeria cuts fuel imports to zero in 2020 as demand sinks: Sonatrach CEO Algeria has cut its fuel imports to zero this year as a result of falling demand, Toufik Hakkar, the CEO of Sonatrach, said on the private TV channel Echourouk.
S&P Global Platts to publish first voluntary carbon credit price assessments **First in a suite of voluntary carbon benchmarks **Platts CEC to reflect CORSIA-eligible credits **Voluntary markets 'set to grow exponentially'
JAPAN DATA: Dec. 6-12 oil product exports drop 25.8% to 1.48 mil barrels Japan's oil product exports fell 25.8% week on week to 1.48 million barrels over Dec. 6-12, according to data released Dec. 16 by the Petroleum Association of Japan.
Asian transport fuel demand in for slow recovery despite vaccine hopes: sources **Underlying long-term jet demand fundamentals remain poor **Influx of Chinese gasoline barrels offsets buying interest: sources **Gasoil demand remains uncertain on rising infections
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
