Lantern Global RSS Feed RSS Feed from en Tue, 28 Jan 2020 23:57:51 +0100 In House Programming Wellington Management backs out of DHT Holdings Tankers Tue, 28 Jan 2020 23:56:34 +0100 Michael Juliano NHST DHT Holdings co-chief executive Svein Moxnes Harfjeld. Wellington Management has backed out of its interest in the tanker owner. Fredrik Ekren 2020-01-28T22:56:34Z news 2-1-746149 Green campaigners query LNG fuel's environmental benefit But LNG backers say the fuel is today's best alternative even though it may not be 'magic bullet' for lowering GHG emissions Law Technology Gas Regulation Tue, 28 Jan 2020 22:36:35 +0100 Michael Juliano NHST Kendra Ulrich.'s senior shipping campaigner Stand.Earth 2020-01-28T21:41:34Z news 2-1-746087 Costamare renews fleet amid bumper results Greek boxship company announces new ship buys as profit soars News Containerships Tue, 28 Jan 2020 22:29:19 +0100 Harry Papachristou NHST Constantinos Constantakopoulos, chief executive of Costamare at Posidonia 2018 Foto: Andy Pierce 2020-01-28T21:55:10Z news 2-1-746051 Norway's economic police raid Teekay Offshore over tanker scrapping Norwegian authorities have launched a probe into whether the sale of shuttle tanker Navion Britannia in 2018 constituted illegal export of waste Shipbroking Law Finance Regulation Tankers Tue, 28 Jan 2020 21:30:48 +0100 Max Tingyao Lin NHST The shuttle tanker Navion Britannia was recycled at RL Kalthia Shipbreaking yard in Alang, India. Teekay Offshore 2020-01-28T21:12:34Z news 2-1-746124 Performance Shipping result boosted by tankers, held back by impaired boxships But diversification is paying off for the former boxship specialist, which saw stronger revenue thanks to its new tankers Bulkers Tue, 28 Jan 2020 18:12:55 +0100 Michael Juliano NHST Simeon Palios, chief executive of Performance Shipping, which took a $12.2m impairment charge in the fourth quarter Diana Shipping 2020-01-28T17:16:59Z news 2-1-745969 Fredriksen buys Golden Ocean shares for second time in two days The acquisitions are a show of faith in the Oslo-listed bulker owner Bulkers Finance Tue, 28 Jan 2020 17:59:13 +0100 Holly Birkett NHST John Fredriksen with his daughters Kathrine and Cecilie. Elin Hoyland/TradeWinds 2020-01-28T16:59:13Z news 2-1-746069 Dry bulk equities will suffer further sell-offs, warns Fearnleys Stock prices and asset values will decline with freight rates for the next three months at least, according to new analysis Bulkers Finance Tue, 28 Jan 2020 17:15:11 +0100 Holly Birkett NHST Espen Landmark Fjermestad, partner in equities research at Fearnley Securities. G Morty Ortega 2020-01-28T16:46:02Z news 2-1-745179 Baltic bulker index falls to lowest level in nearly four years in silent market Very quiet market reported as players hold off amid extended Chinese new year holidays Bulkers News Tue, 28 Jan 2020 15:07:43 +0100 Gary Dixon NHST Iron ore is loaded at the Ponta da Madeira Maritime Terminal in Brazil Vale 2020-01-28T16:58:46Z news 2-1-745887 Australian officials insist Britannia P&I must pay $10m over lost boxes Maritime authority angry over owner Yang Ming and its insurer’s response to last year's boxship casualty Casualties Tue, 28 Jan 2020 14:56:17 +0100 Adam Corbett NHST Naming ceremony of Yang Ming Lines's 8,240-teu containership "YM Utopia" at CSBC shipyard in Kaohsiung, 27 June 2008 / Photo: Jonathan Boonzaier 2020-01-28T15:10:14Z news 2-1-745554 Alpha Bulkers vessel becomes first 2001-built capesize sold in more than a year Bulkers Tue, 28 Jan 2020 14:03:35 +0100 Trond Lillestolen NHST The Maria A Angelicoussi is seen off Brazil. Greece's Alpha Bulkers Shipmanagement has reportedly sold the ship for demolition. Savas B/MarineTraffic 2020-01-28T13:04:49Z news 2-1-744717 Bunker tycoon Torben Ostergaard-Nielsen brings in daughter as COO Nina Ostergaard Borris tasked with developing Danish bunker and shipping group Finance News Tankers Tue, 28 Jan 2020 13:41:48 +0100 Gary Dixon NHST Nina Ostergaard Borris, USTC's chief operating officer Foto: USTC 2020-01-28T16:55:28Z news 2-1-745735 Blue Seas enters kamsarmax segment with South Korean purchase Deal for the 82,000-dwt Sunny Young (built 2011) may be first stage of fleet expansion Bulkers News Tue, 28 Jan 2020 13:39:08 +0100 Harry Papachristou NHST The 82,000-dwt Sunny Young (built 2011) becomes Blue Seas Shipping's first kamsarmax vessel Foto: Rick Voice/MarineTraffic 2020-01-28T12:39:08Z news 2-1-745662 Ecobunker Shipping wins fresh investment from Japanese development bank Japanese state bank invests in specialist LNG fuel supplier Finance Gas Tue, 28 Jan 2020 13:26:42 +0100 Adam Corbett NHST Yokohama-Kawasaki International Port Corp president & chief executive Masamichi Morooka and executive director Sakura Kuma. Morris Ng 2020-01-28T12:26:42Z news 2-1-745775 Carisbrooke crews carry out DIY ballast water retrofits UK owner saves money and time by using seafarers' expertise to install Optimarin equipment Bulkers Shipyards Technology News Regulation Tue, 28 Jan 2020 12:52:16 +0100 Gary Dixon NHST The crew of Carisbrooke Shipping's Vectis Falcon fitted its ballast water treatment system Optimarin 2020-01-28T11:52:35Z news 2-1-745632 Odfjell raises extra cash from its Oslo bonds as investor interest grows Norwegian shipowner says improving chemical tanker market makes this a good time to capitalise Finance News Tankers Tue, 28 Jan 2020 12:37:55 +0100 Gary Dixon NHST Odfjell CFO Terje Iversen (left) and CEO Kristian Morch. TradeWinds 2020-01-28T16:11:50Z news 2-1-745657 Shipping tech platform Shipamax raises $7m to double in size New funding will help the London-based platform expand by investing in engineering and services Technology Finance Tue, 28 Jan 2020 12:36:50 +0100 Holly Birkett NHST Jenna Brown and Fabian Blaicher, co-founders of the London-based tech platform Shipamax. Shipamax 2020-01-28T11:37:12Z news 2-1-745517 Gard taps Norton Rose Fulbright lawyer to head London defence team Law Insurance People Tue, 28 Jan 2020 12:28:25 +0100 Adam Corbett NHST Marie Kelly has joined Gard as vice president of Defence. Gard 2020-01-28T11:28:25Z news 2-1-745624 Transpetrol continues fleet renewal with sale of older tankers to Union Maritime Tankers Tue, 28 Jan 2020 12:27:58 +0100 Trond Lillestolen NHST Transpetrol, whose bow emblem is pictured, is renewing its tanker fleet. Transpetrol 2020-01-28T11:53:03Z news 2-1-745137 London P&I Club executive defends general increase Rates need to recover for the long-term good of the industry, says chief executive Ian Gooch Business_Focus Tue, 28 Jan 2020 12:27:43 +0100 Adam Corbett NHST London P&I Club chief executive Ian Gooch thinks the time is right for rates to rise. London P&I 2020-01-28T11:27:43Z news 2-1-738977 Castor Maritime to grow bulker fleet after raising $9.5m Cypriot owner secures new loan and sells debentures as it eyes ship purchases Bulkers Finance News Tue, 28 Jan 2020 11:42:25 +0100 Gary Dixon NHST Castor's 76,000-dwt Magic P (built 2004). Castor Maritime 2020-01-28T11:46:12Z news 2-1-745597 Massoel Shipping offloads another as half of bulker fleet sold in six months Swiss outfit finds buyer for Andermatt as market questions future as shipowner Bulkers Tue, 28 Jan 2020 10:58:11 +0100 Trond Lillestolen NHST The Andermatt, seen off Germany last September. Massoel Shipping has reportedly sold the vessel. Claus Schaefe/MarineTraffic 2020-01-28T09:58:11Z news 2-1-744903 Tanker turmoil boosted VLCC period rates 48% in 2019 Broker Alibra Shipping says perfect geopolitical storm boosted one-year deals to highest level since at least 2011 Finance News Tankers Tue, 28 Jan 2020 10:17:43 +0100 Gary Dixon NHST The Japanese oil tanker Kokuka Courageous was hit by explosions in June of last year. Scanpix 2020-01-28T12:53:47Z news 2-1-745458 P&I mutuals set their sights on fixed-premium growth Insurance groups continue to see opportunities in market for smaller vessels Business_Focus Tue, 28 Jan 2020 09:28:59 +0100 Adam Corbett NHST North's Brian Davies sees the withdrawal of capacity by Lloyd’s syndicates from the fixed premium market as a positive. Foto: Grant Burton 2020-01-28T08:28:59Z news 2-1-738789 Oceanteam brings in DeepOcean executive as new CEO Boss Leidus Bosman has quit at Dutch offshore support vessel company Offshore Finance News Tue, 28 Jan 2020 08:47:50 +0100 Gary Dixon NHST Oceanteam's CSV Southern Ocean Oceanteam 2020-01-28T10:57:25Z news 2-1-745404 Angelicoussis Group executive urges shipping to chase EU Green Deal funds Trillion-dollar climate change initiative should support low-carbon shipbuilding, senior Angelicoussis Group executive says Technology News Regulation Tue, 28 Jan 2020 08:21:02 +0100 Harry Papachristou NHST The European Union is aiming to provide €260bn ($282bn) per year in public funds to cut carbon. EU Navfor 2020-01-28T09:07:17Z news 2-1-744505 Tom Bowsher vows to hone West of England's focus on core business Chief executive discusses diversification projects Insurance Business_Focus Tue, 28 Jan 2020 08:20:10 +0100 Adam Corbett NHST Tom Bowsher says West of England could achieve better figures this year than predicted. West of England 2020-01-28T07:20:10Z news 2-1-738734 Shipping newcomers and tech veterans aim to revolutionise bulker broking Shipfix founders secure $4.5m funding for platform that aggregates email and satellite data Shipbroking Bulkers Technology Finance News Tue, 28 Jan 2020 08:17:00 +0100 Gary Dixon NHST Serge Alleyne, CEO of Shipfix, has a 20-year background in building tech companies. Shipfix 2020-01-28T13:08:53Z news 2-1-745396 Eagle Bulk Shipping pays $1.1m to settle legacy Ofac violations Burma infractions under dry bulk owner's previous management results in agreement with US Department of the Treasury Bulkers Law Regulation Mon, 27 Jan 2020 22:36:48 +0100 Joe Brady NHST Sophocles Zoullas (left) and brother Alexis Zoullas led Eagle Bulk Shipping as chief executive and chief operating officer, respectively, at the time of Burma trading cited by Ofac. Dale Wainwright 2020-01-28T12:05:41Z news 2-1-745294 Scorpio Bulkers to 'maintain' balance sheet amid coronavirus jitters Company reports $15.1m profit for fourth quarter of 2019 Bulkers Mon, 27 Jan 2020 21:29:02 +0100 Michael Juliano NHST Emanuele Lauro, chief executive of Scorpio Tankers and Scorpio Bulkers, says Scorpio Bulkers will hold off on share buybacks and asset sales amid coronavirus uncertainty. Kenny Hickey/TradeWinds Events 2020-01-28T10:42:47Z news 2-1-745280 John Fredriksen shows faith as he ups his stake in Golden Ocean After a couple of transactions in the offshore sector, family trust company Hemen Holdings has invested in dry bulk once again Bulkers Finance Mon, 27 Jan 2020 18:40:18 +0100 Holly Birkett NHST John Fredriksen. Sigbjorn Sandsmark/TradeWinds 2020-01-28T10:38:18Z news 2-1-745258 Greens complain about VLSFO black carbon emissions Government reports suggest regulation to decrease sulphur emissions has increased output of other pollutants Regulation Mon, 27 Jan 2020 17:12:15 +0100 Adam Corbett NHST Environmentalists are concerned about the effect of black carbon on the Arctic. Photo: Picasa 2.7 2020-01-28T09:05:49Z news 2-1-745173 China virus fears send shipping shares, oil and broader market tumbling Analysts, executive say uncertain course and extent of virus spread make it hard to tell where the financial damage will stop. Finance Mon, 27 Jan 2020 16:49:39 +0100 Joe Brady NHST Jonathan Chappell of Evercore ISI: "There's too much uncertainty and panic right now." Chris Preovolos/Marine Money 2020-01-27T17:32:48Z news 2-1-745163 MPA: No injury and pollution reported from Cosco VLCC collision Cosco’s VLCC Xin Jin Yang bumped into Shin Yang Shipping’s feeder boxship Danum 160 last Wednesday Ports Casualties Tankers Containerships Mon, 27 Jan 2020 16:33:42 +0100 Max Tingyao Lin NHST Feeder boxship Danum 160. Capt Turboboss/MarineTraffic 2020-01-28T10:27:15Z news 2-1-744985 Scorpio Bulkers' best bet of 2019? Scorpio Tankers stock Bulker company is paying a dividend to its shareholders generated from its investment in its affiliate Scorpio Tankers Bulkers Finance Mon, 27 Jan 2020 15:58:28 +0100 Holly Birkett NHST Robrt Bugbee is president of Scorpio Bulkers. Capital Link 2020-01-27T14:58:28Z news 2-1-744996 Cocaine found hidden among shrimps before Maersk loading Ecuadorian dogs sniff out 10kg of drugs destined for Spain Law News Containerships Mon, 27 Jan 2020 15:50:30 +0100 Gary Dixon NHST Clifford Maersk was the target of drug traffickers Foto: Abach/MarineTraffic 2020-01-27T14:50:30Z news 2-1-745105 Bahri said to have scrapped second VLCC this month Saudi Arabian shipowner reportedly offloads last elderly tanker, but could it trade on? Shipbroking Shipyards News Tankers Mon, 27 Jan 2020 15:36:09 +0100 Gary Dixon NHST The VLCC Ghawar has been reported sold for scrap. Andre/MarineTraffic 2020-01-28T11:48:30Z news 2-1-745076 'It's the Wild West': Greek shipping executives say IMO 2020 start is worse than it appears Fuel switchover troubles are brewing just beneath the surface, industry bosses tell conference in Greece Law Insurance News Regulation Mon, 27 Jan 2020 14:29:18 +0100 Harry Papachristou NHST Bunkering delays at the port of Singapore are a bellwether on how smooth IMO 2020 is implemented. Global Maritime Forum 2020-01-27T13:29:58Z news 2-1-744507 Bunker alerts issued as LSFO sediment emerges as problem Testing company VPS says it has never known so many issues with a single fuel type Offshore Bulkers News Gas Regulation Tankers Containerships Mon, 27 Jan 2020 14:28:43 +0100 Gary Dixon NHST VPS is busy testing bunker samples. Veritas Petroleum Services 2020-01-28T09:50:19Z news 2-1-744779 Performance Shipping sells post-panamax boxship to Chartworld Transformation of New York-listed Palios company into a pure-play tanker outfit is almost complete News Tankers Containerships Mon, 27 Jan 2020 14:14:01 +0100 Harry Papachristou NHST Owner Lou Kollakis believed to have bought a containership for the first time since May 2017. Kenny Hickey/TradeWinds Events 2020-01-28T15:11:28Z news 2-1-744920 Bahrain LNG's FSU to be redeployed on short-term trading Project developers say commissioning and construction are now complete but no date has been given on commercial start-up News Gas Mon, 27 Jan 2020 12:52:51 +0100 Lucy Hine NHST Teekay LNG's FSU Bahrain Spirit (built 2018). Teekay 2020-01-28T10:12:07Z news 2-1-744702 Japanese shipyard worker dies after injury on Odfjell newbuilding Subcontracted worker succumbed to his injuries after being rushed to hospital Shipyards Casualties Tankers Mon, 27 Jan 2020 12:50:16 +0100 Adam Corbett NHST Fukuoka Shipbuilding's yard in Fukuoaka, Japan, is a specialist builder of chemical tankers up to 36,000 dwt in size. Muyo/Creative Commons 2020-01-28T10:06:39Z news 2-1-744771 Hill Dickinson urges shipping to be prepared for battle to halt coronavirus Vessel quarantine, port closures and charterparty repercussions should be the focus of shipowners, Hill Dickinson argues. Cruise_and_Ferry Bulkers Law News Gas Casualties Tankers Containerships Mon, 27 Jan 2020 11:56:38 +0100 Gary Dixon NHST Hill Dickinson partner Beth Bradley Foto: Hill Dickinson 2020-01-27T10:56:38Z news 2-1-744725 US survey reveals the true cost of crew pain Injuries from slips, trips and falls collectively cost clubs more than major casualties Business_Focus Mon, 27 Jan 2020 11:43:21 +0100 Adam Corbett NHST A ship's deck can be a dangerous place. ABS chief executive Christopher Wiernicki carries out a safety inspection. ABS 2020-01-27T10:43:21Z news 2-1-738865 UK P&I and the modern art of loss prevention in shipping Stuart Edmonston believes improving safety culture is key to reducing incidents Insurance Business_Focus Mon, 27 Jan 2020 11:42:46 +0100 Adam Corbett NHST Stuart Edmonston, head of loss prevention at UK P&I Club. Photo: UK P&I 2020-01-27T10:42:46Z news 2-1-738841 P&I clubs get the digital bug in bid to deliver on value From pricing to compliance, insurtech is making inroads into the marine market Business_Focus Mon, 27 Jan 2020 11:42:34 +0100 Adam Corbett NHST Nick Roscoe, chief operating officer at Concirrus, says P&I clubs are keen on Insurtech. Concirrus 2020-01-27T10:46:09Z news 2-1-738712 Greece's Sea Pioneer Shipping mounts tanker and bulker buying spree Bacolitsas-led company linked to yet more suezmax purchases Bulkers News Tankers Mon, 27 Jan 2020 11:12:00 +0100 Harry Papachristou NHST Sea Pioneer Shipping is based in Athens. Carole Raddato/Creative Commons 2020-01-27T11:57:13Z news 2-1-744600 Archaic general increase call could have had its day Clubs are increasingly mining data and applying digital tools to revamp the renewal process for the 21st century Insurance Business_Focus Mon, 27 Jan 2020 10:40:54 +0100 Adam Corbett NHST Britannia P&I deputy chief underwriting officer Simon Williams. Britannia P&I 2020-01-28T11:15:47Z news 2-1-738685 Paul Jennings bangs the drum for the International Group Chairman of protection and indemnity grouping is keen to get across its message of strength through unity Business_Focus Mon, 27 Jan 2020 10:40:44 +0100 Adam Corbett NHST International Group chief executive Nick Shaw (third from left) and chairman Paul Jennings (third from right) meet industry leaders in Singapore. International Group 2020-01-27T09:40:44Z news 2-1-738931 China's coronavirus shut-down puts tanker demand at risk Jefferies says travel bans will likely hit fuel demand if outbreak continues Finance News Casualties Tankers Mon, 27 Jan 2020 10:36:33 +0100 Gary Dixon NHST An Indonesian health official checks the temperature of a passenger at Sultan Iskandar Muda International Airport Scanpix 2020-01-27T10:30:02Z news 2-1-744565 Pirates offered medical help to dying tanker crewman V.Ships reveals seafarer seized from Union Maritime's Duke had died on 23 December News Casualties Tankers Mon, 27 Jan 2020 08:43:10 +0100 Gary Dixon NHST Union Maritime's Duke was boarded in December Foto: Union Maritime 2020-01-27T12:29:01Z news 2-1-744555 Even oldies are goldies in fired-up secondhand VLCC market Twenty-year-old tankers are being sold at strong premiums to scrap values, with strong freight prospects and storage opportunities Shipbroking Regulation Tankers Mon, 27 Jan 2020 08:24:04 +0100 Max Tingyao Lin NHST The 20-year-old Ridgebury Pride was sold this month for just under $25.3m. Jan Verhoog/Marine Traffic 2020-01-27T12:42:32Z news 2-1-743603 First LNG carrier scrap sale logged in 2020 on laid-up ship Scrap sales tipped to rise in coming months as first generation vessels and their younger cousins are redelivered News Gas Mon, 27 Jan 2020 08:23:56 +0100 Lucy Hine NHST The LNG carrier GCL (ex-LNG Libra, built 1979) is set to become the sector's first scrap candidate of the year. Bernard Hily/Marine Traffic 2020-01-27T12:20:28Z news 2-1-743533 Buss Group and Leonhardt & Blumberg eye expansion into new sectors German partners 'continuously' considering diversification from boxship market Offshore Finance News Ports Containerships Mon, 27 Jan 2020 08:23:34 +0100 Gary Dixon NHST Buss Group managing partner and CEO Johan Killinger Foto: Buss Group 2020-01-27T07:34:34Z news 2-1-744546 Wuhan coronavirus wreaks havoc on Chinese cruise sector International cruise players suspend cruise operations in China as Wuhan virus crisis worsens Cruise_and_Ferry Sun, 26 Jan 2020 11:28:25 +0100 Jonathan Boonzaier NHST A cruiseship docked in the Chinese port of Sanya. Anna Frodesiak/Wikimedia Commons 2020-01-27T08:43:17Z news 2-1-744436 Tanker stocks take weeklong slide, but sentiment remains high Tanker stocks fell across the board, but an upswing remains in the cards, BTIG's Greg Lewis says Finance Tankers Fri, 24 Jan 2020 22:24:34 +0100 Matt Coyne NHST Greg Lewis of BTIG. Lewis said declines in tanker stocks mean investors should buy. Chris Preovolos 2020-01-24T21:24:34Z news 2-1-744348 OOCL's transpacific volumes slip amid trade war Transatlantic route saw highest jump in cargo volume. Containerships Fri, 24 Jan 2020 21:42:36 +0100 Michael Juliano NHST 13,208-teu OOCL Berlin (built 2013) passes under Hong Kong's Tsing Ma Bridge. The company saw slightly less volume on its transpacific route during the further quarter compared to a year ago. OOCL 2020-01-24T20:42:36Z news 2-1-744346 ACA bulker breaks down off Greece Tug is assisting the fully laden handysize Ormi off Karpathos Island Casualties Fri, 24 Jan 2020 18:07:30 +0100 Adam Corbett NHST A Med Tugs salvage tug similar to the one now assisting the bulk carrier Ormi. Med Tugs 2020-01-24T17:07:30Z news 2-1-744330 Buss Group appoints new boss to steer it into second century Jan Brockmoller is the new managing director and chief executive at 100-year-old German owner Bulkers Finance Containerships Fri, 24 Jan 2020 16:33:17 +0100 Gary Dixon NHST Jan Brockmoller, managing director and CFO of Buss Group Photo: Buss Group 2020-01-28T10:31:02Z news 2-1-744043 Japanese regional banks join forces on ship finance Yamaguchi and Ehime banks set to work together on major newbuilding projects Finance News Fri, 24 Jan 2020 13:11:13 +0100 Adam Corbett NHST Ehime Bank is a regional bank in the home turf of Imabari Shipbuilding (pictured). Foto: Picasa 2.0 2020-01-24T12:16:31Z news 2-1-743972 Shipowners warned as Turkey hikes pollution fines by more than 20% Standard Club says 'significant rise' has been implemented for 2020, with VLCCs liable for at least $60m Bulkers Insurance Finance Gas Casualties Tankers Containerships Fri, 24 Jan 2020 13:04:08 +0100 Gary Dixon NHST Jeremy Grose, chief executive of the Standard Club. Ernest McCreight/TradeWinds Events 2020-01-28T10:38:05Z news 2-1-743999 Pareto Bank eyes 'room for growth' in shipping as boutique lender Niche Norwegian lender says sector is underserved as it logs record profit Offshore Bulkers Finance News Gas Tankers Containerships Fri, 24 Jan 2020 12:55:15 +0100 Gary Dixon NHST Pareto sees room for growth in shipping banking. Per Thrana 2020-01-28T16:18:37Z news 2-1-743898 Shipowners' Medmar headaches continue as bunker supplier seizes bulker Cockett Marine arrest is the latest in string of litigation to emerge from dry bulk operator's closure Bulkers Law Fri, 24 Jan 2020 12:39:55 +0100 Holly Birkett NHST The 81,700-dwt kamsarmax bulker Tuo Fu 8 (built 2013), which had been on timecharter to Medmar during August last year. Iwan Afwan/ 2020-01-24T11:50:23Z news 2-1-743874 Idan Ofer's Eastern Pacific Shipping strikes profitable suezmax deal Singapore shipowner forges two-year charter for 10-year-old ship at $35,000 per day Tankers Fri, 24 Jan 2020 12:24:18 +0100 Trond Lillestolen NHST Eastern Pacific Shipping is controlled by Idan Ofer. Eastern Pacific Shipping 2020-01-28T16:00:06Z news 2-1-743379 United Heavy Lift takes over nine newbuildings from Zeamarine In addition newbuildings considered the jewel sin the Zeamarine crown, operator takes over two from Reederei Eugen Friederich Ship_Management Fri, 24 Jan 2020 12:11:40 +0100 Ian Lewis NHST A United Heavy Lift vessel sails past the opera house in its hometown of Hamburg. United Heavy Lift 2020-01-27T10:43:23Z news 2-1-743921 D'Amico director and veteran shipping banker Heinz Peter Barandun dies Financier was most recently a director of Italy's d’Amico International Shipping Finance News Tankers Fri, 24 Jan 2020 11:26:20 +0100 Gary Dixon NHST Heinz Peter Baradun was a director of d'Amico International Shipping Foto: DIS 2020-01-24T10:35:50Z news 2-1-743809 Crew contains engine room fire on BW bulker off Yemen UK Coastguard had reported BW Acorn adrift on Friday Bulkers News Casualties Fri, 24 Jan 2020 10:32:21 +0100 Gary Dixon NHST BW's BW Acorn has suffered an engine room fire Foto: Malcolm Millar/MarineTraffic 2020-01-24T09:34:03Z news 2-1-743752 Fukuoka Shipbuilding worker injured on Odfjell newbuilding Casualties Fri, 24 Jan 2020 10:20:28 +0100 Adam Corbett NHST Fukuoka Shipbuilding's yard in Fukuoaka, Japan. is a specialist builder of chemical tankers up to 36,000 dwt in size. Foto: Muyo/Creative Commons 2020-01-24T09:20:28Z news 2-1-743756 German shipowner aims to share costs after fire on boxship Cargo damaged on Northern Jupiter after blaze that meant it needed a tow back to Singapore Insurance Finance News Casualties Containerships Fri, 24 Jan 2020 09:20:46 +0100 Gary Dixon NHST The Northern Jupiter suffered an engine fire off Singapore. Aleksi Lindstrom/MarineTraffic 2020-01-28T07:32:40Z news 2-1-743721 Sinking tanker abandoned off India after engine room floods Crew safely evacuate Reem 5 and are picked up by passing general cargoship News Casualties Tankers Fri, 24 Jan 2020 09:02:33 +0100 Gary Dixon NHST Reem 5 adrift off India Foto: Indian Coast Guard 2020-01-24T09:34:37Z news 2-1-743715 Pooled insurance claims set to top $400m as casualty costs surge But it is not just major incidents inflating claims costs in recent years Insurance Casualties Business_Focus Fri, 24 Jan 2020 08:05:32 +0100 Adam Corbett NHST The loss of the 57,000-gt Grande America (built 1997) will be an expensive pool claim for P&I insurers. French Navy 2020-01-24T12:32:29Z news 2-1-738678 Cash-rich clubs playing hardball in 2020 P&I renewal negotiations Mutuals are sitting on reserves of more than $5bn, but they are telling shipowners they need more premium Insurance Insight Interviews Business_Focus Fri, 24 Jan 2020 08:05:15 +0100 Adam Corbett NHST Costly casualties, such as the 7,700-ceu Golden Ray (built 2017), are forcing protection and indemnity clubs to ask for more premium. Scanpix 2020-01-28T11:16:52Z news 2-1-738669 Intership Navigation captain’s plight highlights growing risk of drugs trade A petition is calling for the release of a Polish captain who has spent nearly six months in jail Bulkers People Ship_Management Fri, 24 Jan 2020 08:05:10 +0100 Ian Lewis NHST Dieter Rohdenburg, chief executive of Intership Navigation. Harry Papachristou 2020-01-27T15:56:06Z news 2-1-736686 Singapore starts screening seafarers for coronavirus as China health crisis grows Checks among inbound passengers and crews comes as country reports first case Casualties Fri, 24 Jan 2020 07:02:43 +0100 Dale Wainwright NHST Singapore began screening passengers and seafarers entering the country via its ports from midday on Friday Michaela Loheit 2020-01-25T15:20:39Z news 2-1-743672 Scorpio Bulkers set to miss consensus, warns Cleaves US-listed owner may also post disappointing guidance for first quarter of 2020, says analyst Bulkers Fri, 24 Jan 2020 04:48:01 +0100 Dale Wainwright NHST Joakim Hannisdahl, Cleaves Securities G. Morty Ortega 2020-01-24T03:56:06Z news 2-1-743659 Bimco: Brazilian crude exports hit all time high Tankers Fri, 24 Jan 2020 02:27:27 +0100 Dale Wainwright NHST Some 64% of Brazil’s total crude exports in December went to China Euronav 2020-01-24T01:41:28Z news 2-1-743645 No US sanctions relief, but concerns still drive down shares The US did not end up lifting sanctions on US companies, but shipping stocks still slid Offshore Bulkers Finance Gas Tankers Containerships Thu, 23 Jan 2020 22:28:07 +0100 Matt Coyne NHST Cosco Shipping Energy Transportation (CSET) headquarters in Shanghai. Bob Rust 2020-01-24T14:10:59Z news 2-1-743612 Oaktree shows muscle as it takes third seat on Star Bulk board Owner of 116 dry bulk vessels now has 10 directors Bulkers Thu, 23 Jan 2020 22:26:25 +0100 Michael Juliano NHST Petros Pappas, Star Bulk Carriers chief executive who also has a seat on the company's board of directors, speaks at Marine Money's 21st Annual Greek Ship Finance Forum in October. Oaktree Capital Management, Star Bulk's top shareholder, has taken a third seat on the board. Marine Money 2020-01-25T09:50:57Z news 2-1-743600 Two-tier cape market emerges as scrubbers earn a premium Meanwhile, the Baltic Dry Index has fallen to its lowest level in just under four years Bulkers Technology Regulation Thu, 23 Jan 2020 20:28:09 +0100 Holly Birkett,Michael Juliano NHST Golden Flame Shipping's capesize bulk carrier Samjohn Solidarity (built 2010). Scrubbers have led to a two-tier rate market for capesizes. Jonathan Boonzaier 2020-01-23T19:32:07Z news 2-1-743522 Exmar announces two financing deals Finance Gas Thu, 23 Jan 2020 19:23:36 +0100 Matt Coyne NHST Exmar's Tango FLNG takes on commissioning volumes from Shell's LNG carrier Gemmata. Exmar 2020-01-23T18:23:36Z news 2-1-743587 Brookfield completes takeover and rebrands Teekay Offshore The company emerges with a new name, as Lemmon and Hvid depart as directors Offshore Finance Thu, 23 Jan 2020 18:27:47 +0100 Matt Coyne NHST Teekay Offshore chief executive Ingvild Saether. The company announced that Brookfield Business Partners had completed its take-private offer for the company and that it would be rebranded. Foto: Øyvind Elvsborg 2020-01-23T17:44:05Z news 2-1-743508 Novatek eyes orders for 47 Arctic LNG carriers worth $14bn Boss Leonid Mikhelson says it has now received permission to build 10 ships outside Russia Shipyards Finance News Gas Thu, 23 Jan 2020 17:08:10 +0100 Gary Dixon NHST Leonid Mikhelson chairman of the board of Novatek Lucy hine 2020-01-23T16:08:10Z news 2-1-743535 Distressed shipping debt market headed for sea change as banks finish 'spring cleaning' The buyer's market for distressed shipping loans is over for now, but opportunities could arise from China or the offshore sector, experts say. Finance Thu, 23 Jan 2020 17:02:03 +0100 Holly Birkett NHST Aaron Sen, Mount Street's head of shipping loan management, who spoke at the Marine Money conference in London. Ian Lewis/TradeWinds 2020-01-26T16:17:09Z news 2-1-743035 Wallem executive told female cadet it did not employ 'girls' Tribunal finds UK law does not protect seafarers against sex discrimination if they work on foreign-flagged vessels overseas Bulkers Law News Gas Tankers Containerships Thu, 23 Jan 2020 16:20:40 +0100 Gary Dixon NHST The Rolls Building — where the tribunal was heard — houses the business and property courts of England and Wales, which are part of the High Court of Justice Judicial Office, UK 2020-01-27T14:38:51Z news 2-1-743423 Coronavirus and rumours of Cosco relief hurt VLCC sentiment VLCC earnings may fall further on return of Cosco Dalian, weaker demand amid Chinese epidemic Law Regulation Casualties Tankers Thu, 23 Jan 2020 15:48:57 +0100 Max Tingyao Lin NHST The 109,815-dwt Yang Ning Hu (built 2009), one of Cosco Dalian's ships. allan_flood_comhem_se/MarineTraffic 2020-01-24T06:22:49Z news 2-1-743451 Maersk hikes LSFO surcharges as bunker prices spike Danish boxship giant could slap an extra $200 charge on 40-foot boxes due to big jump in fuel cost News Regulation Containerships Thu, 23 Jan 2020 14:42:52 +0100 Gary Dixon NHST Soren Skou, chief executive of Maersk Line Maersk 2020-01-23T13:43:12Z news 2-1-743237 Counselling for seafarers is an 'iCALL' away 'We want to create a culture where it is okay to say you are not okay' Ship_Management Thu, 23 Jan 2020 14:38:13 +0100 Michael Juliano NHST Young seafarer Katie Marshall scans the horizon while at sea. Synergy Group and Mumbai's Tata Institute of Social Sciences have developed iCALL, an onshore counseling service for seafarers Katie Marshall 2020-01-23T13:38:13Z news 2-1-738559 Lovell Minnick promises Standard Club growth after taking over Charles Taylor Private equity firm completes takeover of Standard Club manager Charles Taylor Insurance Finance Thu, 23 Jan 2020 14:33:46 +0100 Adam Corbett NHST Jeremy Grose is chief executive of the Charles Taylor management team at the Standard Club Ernest McCreight/TradeWinds Events 2020-01-23T13:34:51Z news 2-1-743310 Keppel Offshore & Marine returns to profit after red ink hiatus Singapore group introducing internal carbon price evaluation on investment decisions and is advising Wuhan staff on Coronavirus Offshore Bulkers Shipyards News Gas Tankers Thu, 23 Jan 2020 13:54:48 +0100 Lucy Hine NHST Keppel Corp CEO Loh Chin Hua Keppel 2020-01-23T12:55:06Z news 2-1-743129 Billionaire Reuben brothers confirm takeover of bankrupt RBD Armatori fleet UK shipowner acquires eight ships in deal with Italian court Bulkers Law Finance News Tankers Thu, 23 Jan 2020 13:30:51 +0100 Gary Dixon NHST Simon (left) and David Reuben of Reuben Brothers. Reuben Brothers 2020-01-28T16:21:05Z news 2-1-743185 World first: Eidesvik converting PSV to run on ammonia Norwegian shipowner teaming with Equinor and Wartsila to fit high-power fuel cell to offshore ship Offshore Shipyards Technology News Regulation Thu, 23 Jan 2020 12:56:22 +0100 Gary Dixon NHST Jan Fredrik Meling is Eidesvik Offshore's CEO. Foto: Ilja C Hendel 2020-01-27T10:43:15Z news 2-1-743106 Coronavirus epidemic halts ships to and from Wuhan port A respiratory epidemic has shut in a city of 11 million at the peak of Chinese New Year travel, and also halted shipping Law News Gas Ports Regulation Casualties Containerships Thu, 23 Jan 2020 12:51:02 +0100 Bob Rust NHST A picture released by the Central Hospital of Wuhan shows medical staff attending to patient. Central Hospital of Wuhan via Scanpix 2020-01-23T11:51:20Z news 2-1-743135 Insurers warn coronavirus crisis could close ports Shipowners urged to monitor ‘fast changing’ situation Insurance Ports Thu, 23 Jan 2020 12:25:32 +0100 Adam Corbett NHST Commuters wearing face masks in Hong Kong as a precautionary measure to protect against the possible spread of the coronavirus. Scanpix 2020-01-23T11:25:53Z news 2-1-743089 Stena upsizes bond to $700m in refinancing effort Swedish shipowner adds $100m to stated target, with interest rates below expected range Cruise_and_Ferry Finance News Gas Tankers Thu, 23 Jan 2020 12:08:33 +0100 Gary Dixon NHST Stena Line CEO Niclas Martensson (left) and Stena AB CEO Dan Olsson Foto: Stena Line 2020-01-23T11:08:33Z news 2-1-742916 Torm moves for scrubber-fitted tanker newbuildings in China Sale and leaseback financing deal sees Danish owner return to its favourite yard, GSI Shipyards Finance News Tankers Thu, 23 Jan 2020 11:33:00 +0100 Gary Dixon NHST Jacob Meldgaard, executive director of Torm Ty Stange 2020-01-23T10:33:00Z news 2-1-743048 Bahrain LNG start-up phase slows as floating storage unit idles Only small part of new plant has been commissioned but laden LNG carrier remains on location Gas Thu, 23 Jan 2020 11:26:29 +0100 Lucy Hine NHST Smit Lamnalco tugs manoeuvre the FSU Bahrain Spirit alongside in Bahrain. Smit Lamnalco 2020-01-23T10:26:29Z news 2-1-741693 China Steel Express in talks to sell capesize bulkers amid fleet renewal The Taiwanese bulker owner plans to sell four older capes as it takes delivery of eight new building units Bulkers Shipyards Technology Finance Regulation Interviews Thu, 23 Jan 2020 11:26:21 +0100 Max Tingyao Lin NHST Samuel Lee, chairman of Taiwan-based bulker owner China Steel Express. Max Tingyao Lin 2020-01-23T15:16:32Z news 2-1-742065 Greek shipowners in bid to return dignity to hospital patients People Thu, 23 Jan 2020 11:26:15 +0100 Harry Papachristou NHST Greek Prime Minister Kyriakos Mitsotakis (front, left) and UGS president Theodore Veniamis (front, right) sit down with a delegation to discuss the pressing needs of Greek patients. Dimitris Papamitsos/Greek PM Press Office 2020-01-23T10:26:15Z news 2-1-741733 IHI Corp boss hits out at shipbuilding subsidies Executive Tamotsu Saito says that the market has become 'distorted' Shipyards Insight Thu, 23 Jan 2020 11:04:26 +0100 Adam Corbett NHST Tamotsu Saito, chairman of IHI Corporation, said subsidies have distorted the shipbuilding market. IHI Corporation 2020-01-23T10:04:26Z news 2-1-742976 Poseidon Principles confident of big Asian lenders signing soon Two more European banks join green ship finance initiative, and Asian institutions may be next Finance News Regulation Thu, 23 Jan 2020 10:24:15 +0100 Julian Bray NHST Lindsey Keeble and Michael Parker say there is genuine interest in Asia from the big lenders June Essex/LISW 2020-01-23T09:24:15Z news 2-1-742523 Klaveness Combination Carriers drums up bond interest Norwegian owner going out on the road to raise money at cheaper interest rate Bulkers Finance News Tankers Thu, 23 Jan 2020 10:22:42 +0100 Gary Dixon NHST Engebret Dahm-led Klaveness Combination Carriers is looking to raise cash. Klaveness 2020-01-23T09:22:46Z news 2-1-742771 Death of Antonio Litman leaves Clay Maitland shattered Working his way up from the mailroom at Marshall Islands registry, Litman had a long career as managing partner's top aide and founder of children's charity Regulation Thu, 23 Jan 2020 09:34:16 +0100 Joe Brady NHST International Registries' Clay Maitland (left) is mourning the death of his long-time assistant Antonio Litman. TradeWinds Events 2020-01-23T18:16:26Z news 2-1-741843 Raft of scrubber-fitted VLCCs emerge as sales candidates True extent of potential for asset play revealed as rumours rumble on over Economou-Ofer-Stray Spetalen buy Shipbroking Shipyards Tankers Thu, 23 Jan 2020 09:32:46 +0100 Lucy Hine,Harry Papachristou,Trond Lillestolen,Gary Dixon NHST The NS Lemos VLCC Agios Nikolas (built 2019) has been the subject of market rumours. Enesel Group 2020-01-23T08:32:46Z news 2-1-742462 Shipping must be right on the ball in tackling carbon goals When even Donald Trump tells Davos he is a ‘big believer in the environment’, the maritime industry cannot afford to lag behind public opinion when it comes to controlling emissions Opinion Thu, 23 Jan 2020 09:32:21 +0100 Terry Macalister NHST Even Donald Trump was displaying his green credentials at the World Economic Forum in Davos. Scanpix 2020-01-24T07:04:04Z news 2-1-741752 MOL-Karpowership venture adds third LNG ship for FSRU flip First converted unit for new venture now set to depart Sembcorp Marine’s yard in second quarter Shipyards Gas Thu, 23 Jan 2020 08:53:55 +0100 Lucy Hine NHST Next up: Northwest Seaeagle NWS 2020-01-23T07:53:55Z news 2-1-741493 Varsamis family company ups dry bulk stakes with Luhai supramax deal Supramaxes aged between six and seven years prove popular in the secondhand market Bulkers Thu, 23 Jan 2020 08:53:16 +0100 Harry Papachristou NHST The 56,700-dwt supramax Baoxiang (built 2013) is believed to be in Greek hands now Iwan Afwan/MarineTraffic 2020-01-23T07:53:16Z news 2-1-741563 Croatian shipbuilder Uljanik to be liquidated with $723m debt Creditors decide to pull the plug on yard group's holding company after court restructuring fails Bulkers Law Shipyards Finance News Tankers Thu, 23 Jan 2020 08:51:05 +0100 Gary Dixon NHST The holding company for Uljanik Shipyard in Croatia is poised for liquidation. Foto: Uljanik 2020-01-23T07:51:19Z news 2-1-742743 Teekay Offshore continues shuttle tanker demolition spree with green recycling sale Tankers Thu, 23 Jan 2020 08:13:57 +0100 Trond Lillestolen NHST Teekay Shuttle Tankers has sold yet another vessel for scrap. Teekay 2020-01-23T12:25:02Z news 2-1-742074 Sovcomflot suezmax fetches strong price in sale to Sea Pioneer Tankers Thu, 23 Jan 2020 08:13:53 +0100 Trond Lillestolen NHST Igor Tonkovidov, president and chief executive of Sovcomflot (SCF Group) Lucy Hine 2020-01-23T07:13:53Z news 2-1-741611 Now is the time to embrace the cost of turning shipping green Cost of low-carbon ships will be a small fraction of the total bill to create new fuels and supply infrastructure Cruise_and_Ferry Offshore Bulkers Opinion Finance Gas Tankers Containerships Thu, 23 Jan 2020 08:13:49 +0100 Julian Bray NHST Swedish climate change activist Greta Thunberg attended a session at the 50th World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. As TradeWinds went to press, John Angelicoussis and Kitack Lim were expected to join the Getting to Zero Coalition panel discussion this week. Scanpix 2020-01-23T07:13:49Z news 2-1-741656 Turkish authorities continue to detain Songa boxship Taiwanese owner Yang Ming says securing release of chartered-in vessel is proving difficult Casualties Thu, 23 Jan 2020 08:06:30 +0100 Dale Wainwright NHST The 2,000-teu Songa Iridium (built 2008) remains under detention in Istanbul Directorate General of Coastal Safety 2020-01-23T07:14:00Z news 2-1-742746 Fleet of five anchor-handlers heading to breakers Former Zamil Offshore vessels to be broken up in Alang, India Offshore Shipyards Finance News Thu, 23 Jan 2020 08:02:29 +0100 Gary Dixon NHST Zamil Offshore: former ships heading for scrap Foto: Zamil Offshore 2020-01-23T07:02:29Z news 2-1-742740 Austal books high-speed cat order from Comoros Islands Cruise_and_Ferry Thu, 23 Jan 2020 04:59:36 +0100 Dale Wainwright NHST The high-speed catamaran ferry will be built at Austal's facility in Vietnam Wikipedia 2020-01-23T04:03:21Z news 2-1-742717 Kotug vessels aid fire-hit containership off Mozambique Reports say vessel left 'uncontrollable' after 'devastating' engine room blaze Casualties Thu, 23 Jan 2020 01:43:13 +0100 Dale Wainwright NHST The 2,503-teu EM-OINOUSSES (built 2000) under tow to the Port of Nacala Kotug 2020-01-23T00:50:33Z news 2-1-742699 Seamen's Church Institute hires new director Ports Wed, 22 Jan 2020 22:11:08 +0100 Joe Brady NHST Seamen's Church Institute of New York & New Jersey president and executive director Rev Mark Nestlehutt. Foto: Contributed 2020-01-22T21:11:08Z news 2-1-742634 IMO leader 'shares concerns' with environmentalists Regulation Wed, 22 Jan 2020 22:02:49 +0100 Michael Juliano NHST Kitack Lim, IMO secretary general, calls for collaboration on meeting climate-action goals. Flickr 2020-01-23T06:50:05Z news 2-1-742651 Shipowners gear up for ESG demand despite strong challenges While sustainability requirements are becoming the norm, a bad public image and high investment costs are weighing on industry players, a Marine Money forum was told Bulkers Law Finance Regulation Tankers Wed, 22 Jan 2020 20:39:37 +0100 Max Tingyao Lin NHST A panel discussion during the Marine Money London forum in January 2020. From left to right: Anthony Gurnee, president and CEO of Ardmore Shipping; Engebret Dahm, CEO of Klaveness Combination Carriers; Robert Burke, partner and CEO of Ridgebury Tankers; George Macheras, partner of Watson Farley & Williams; Mike Seo, general manager of KMARIN. Max Tingyao Lin 2020-01-22T19:40:49Z news 2-1-742632 Largest owner of scrubber-fitted ultramaxes says they have 'significantly higher' price tag Eagle Bulk shipping chief executive says owners of ships with IMO 2020 kit won't sell for just installation cost Bulkers Wed, 22 Jan 2020 20:25:50 +0100 Michael Juliano,Eric Martin NHST Gary Vogel, chief executive of Eagle Bulk Shipping, says shipowners would be hard pressed to sell a scrubber-fitted bulker at installation cost. Foto: Kenny Hickey 2020-01-23T08:30:25Z news 2-1-742435 France builds support for European response to Middle East Gulf tensions Tankers Wed, 22 Jan 2020 20:25:03 +0100 Matt Coyne NHST French President Emmanuel Macron. Remi Jouan/Wikimedia Commons 2020-01-22T19:25:03Z news 2-1-742493 Ellis out, Kelleher in as Chembulk Tankers CEO in management shakeup Bart Kelleher takes reins while Art Regan becomes executive chairman People Tankers Wed, 22 Jan 2020 19:22:10 +0100 Matt Coyne NHST Chembulk Tankers new chief executive Bart Kelleher. Foto: NHST Events 2020-01-22T18:37:25Z news 2-1-742609 Odfjell sued after Galveston Ship Channel collision Raymond Herrera Jr was one of the two fishermen the US Coast Guard spent three days looking for, to no avail Law Tankers Wed, 22 Jan 2020 17:20:28 +0100 Matt Coyne NHST The 37,395-dwt Bow Fortune (built 1999) was involved in a fatal collision 14 January. Foto: Rainville/MarineTraffic 2020-01-22T16:21:18Z news 2-1-741683 Fulford-Smith calls on energy majors to support shipping Affinity (Shipping) chief says big ships fuel shift will start with LNG and tells owners to “get on the pathway” to 2050 Shipbroking Cruise_and_Ferry Offshore Bulkers Shipyards Finance News Gas Tankers Containerships Wed, 22 Jan 2020 17:04:44 +0100 Lucy Hine NHST 'Get on the pathway', Richard Fulford-Smith tells shipowners. Julian Bray 2020-01-22T16:04:44Z news 2-1-742491 Cosco tanker and boxship companies to post $1bn profit Chinese state giant says it has coped well with adverse external factors as tanker rates rose Finance News Gas Tankers Containerships Wed, 22 Jan 2020 17:00:51 +0100 Gary Dixon,Max Tingyao Lin NHST Xin Yue Yang is one of CSET's VLCCs. Foto: Pietragala Geraldo/MarineTraffic 2020-01-22T19:27:01Z news 2-1-742489 Brazil-to-China capesize earnings plunge to 10-month low Exports from South American nation slumping, as futures promise little relief Bulkers Wed, 22 Jan 2020 16:58:08 +0100 Eric Martin,Michael Juliano NHST Capesize rates keep falling. The 207,000-dwt FPMC B Image (built 2012) is seen off Vancouver in 2018. Rick Voice/MarineTraffic 2020-01-22T16:53:31Z news 2-1-742448 Oraziman family drops down drillship to Caspian Sunrise in $25m deal Kazakh owners build stake in London-listed Caspian Sunrise through share issue to pay for vessel Offshore News Wed, 22 Jan 2020 15:20:13 +0100 Gary Dixon NHST Caspian Explorer Foto: Askar/MarineTraffic 2020-01-22T14:20:13Z news 2-1-742436 Samskip to recycle reefer in Norway in 'breakthrough' deal for green yard Dutch owner ends operational life of veteran vessel that has lasted 35 years Shipyards News Regulation Containerships Wed, 22 Jan 2020 14:41:42 +0100 Gary Dixon NHST The Samskip Frost has been scrapped in Norway. Samskip 2020-01-22T15:18:55Z news 2-1-742309 Bureau Veritas executive: France is flying the flag for decarbonisation Classification society executive says country will help shipping achieve Paris Agreement goals Technology Wed, 22 Jan 2020 13:28:48 +0100 Adam Corbett NHST Matthieu de Tugny, executive vice president of Bureau Veritas. BV 2020-01-22T14:30:34Z news 2-1-742301 Hapag-Lloyd buys space from 2M rivals Maersk and MSC German line gains access to selected services between Asia and northern Europe as HMM switches sides Finance News Ports Containerships Wed, 22 Jan 2020 13:09:16 +0100 Gary Dixon NHST Hapag-Lloyd CEO Rolf Habben Jansen Foto: Ian lewis 2020-01-22T14:00:28Z news 2-1-742235 Marfin becomes first user of bunker DNA tracking system Shipmanager adopts BunkerTrace's blockchain service for recording compliant fuel supplies across its bulker fleet Bulkers Technology Insurance News Regulation Wed, 22 Jan 2020 12:42:57 +0100 Paul Berrill NHST Marfin's ultramax Paolo Topic will be one of the first ships to use the BunkerTrace system. Wartsila 2020-01-22T14:08:50Z news 2-1-742204 Pirates release kidnapped crew of Eastmed tanker After 23 days in captivity, eight seamen freed from the product tanker Happy Lady News Casualties Tankers Wed, 22 Jan 2020 12:42:48 +0100 Harry Papachristou NHST Thanassis Martinos, chief executive of Eastern Mediterranean Maritime. TradeWinds Events 2020-01-22T14:34:10Z news 2-1-742223 Tankers dock in Benghazi as other Libyan ports remain shut But NOC says it was unable to load LPG cargo as force majeure continues at four terminals Finance News Ports Casualties Tankers Wed, 22 Jan 2020 12:11:17 +0100 Gary Dixon NHST The Nordic Pia is discharging in Libya. M Buckley/MarineTraffic 2020-01-22T11:11:17Z news 2-1-742168 IMO 2020 is here, but the true cost to shipping is yet to come The bunkers switchover is just the beginning. How US regulatory and legislative bodies police the sulphur cap will determine the real impact on the industry Law Opinion Insurance Regulation Wed, 22 Jan 2020 11:54:27 +0100 Harold Halpin NHST US Coast Guard officers conduct a ship inspection. The coastguard will be on the front line of enforcing IMO 2020 — and any other regulations that US lawmakers and agencies come up with Tara Molle/USCG 2020-01-22T10:54:27Z news 2-1-739785 Shipping dynasties grow with a birth and A-list wedding TradeWinds' On Watch column taking a sideways look at shipping News Wed, 22 Jan 2020 11:54:23 +0100 TradeWinds staff NHST John Fredriksen with his new grandson John Christian Contributed 2020-01-22T10:54:23Z news 2-1-741340 Navig8 Chemical buys back Ocean Yield tanker at bargain price UK owner takes up option to bring back Mipo-built ship from Norwegian owner Finance News Tankers Wed, 22 Jan 2020 11:50:39 +0100 Gary Dixon NHST Ocean Yield CEO Lars Solbakken Foto: Ida von Hanno Bast 2020-01-22T10:50:39Z news 2-1-742124 Victims go to court over historic abuse claims at Sailors’ Society home Lawyer for former residents of children’s home will launch two test cases in Scotland’s highest civil court Law Wed, 22 Jan 2020 11:23:51 +0100 Holly Birkett,Gary Dixon NHST The High Court of Justiciary and Court of Session in Edinburgh Wikipedia 2020-01-22T10:23:51Z news 2-1-740680 Pavilion Energy eyes Saga LNG Shipping’s newbuilding Singapore gas company linked to charter on new type of small vessel Shipyards Technology Gas Wed, 22 Jan 2020 11:23:43 +0100 Lucy Hine,Bob Rust NHST Saga LNG's 45,000-cbm Saga Dawn (built 2019) Saga LNG 2020-01-22T10:23:43Z news 2-1-740073 North P&I joins push for insurtech with Concirrus technology deal Protection and indemnity club to use Concirrus’ digital technology Technology Insurance Wed, 22 Jan 2020 11:21:37 +0100 Adam Corbett NHST Andrew Yeoman is chief executive of Concirrus. Foto: Concirrus 2020-01-22T13:05:43Z news 2-1-742072 Marine picked to act as a guinea pig for Lloyd’s reforms Modernised syndication system will be trialled on the struggling hull insurance sector Insurance Wed, 22 Jan 2020 10:29:35 +0100 Adam Corbett NHST LMA chief executive Sheila Cameron. Andy Tyler 2020-01-22T09:29:35Z news 2-1-741430 Tanker crew captures robber during raid off Indonesia Seafarers turn the tables on thieves who boarded vessel in the Riau Strait News Casualties Tankers Wed, 22 Jan 2020 10:29:22 +0100 Gary Dixon NHST Horizon Maru Foto: Husni/MarineTraffic 2020-01-22T09:29:22Z news 2-1-741957 Brightoil born again as it wins $2.26bn restructuring deal with Chinese banks Chinese state-owned banks have given Brightoil Petroleum a new lease on life — at least in mainland China Law Finance News Tankers Wed, 22 Jan 2020 10:27:09 +0100 Bob Rust NHST Naming ceremony of a Brightoil VLCC Brightoil 2020-01-22T11:17:19Z news 2-1-741927 Skuld chases a buyer for Lloyd’s syndicate after $93m of red ink Broker appointed to try to sell failed hull and energy lines Insurance Wed, 22 Jan 2020 09:09:01 +0100 Adam Corbett NHST Stale Hansen chief executive of Skuld at his London office Adam Corbett 2020-01-22T08:09:02Z news 2-1-741225 StealthGas steps up presence in midsize LPG carrier segment US-listed shipowner buys three ships from Hartmann Reederei of Germany Gas Wed, 22 Jan 2020 09:08:47 +0100 Trond Lillestolen NHST Harry Vafias is chief executive and a major shareholder in StealthGas Marine Money 2020-01-22T10:03:00Z news 2-1-741320 Okeanis VLCCs earning 'staggering' $121,000 daily as scrubber savings kick in Greek shipowner says it has already made back 44% of the retrofit bill for its big tankers Finance News Tankers Wed, 22 Jan 2020 09:08:34 +0100 Gary Dixon NHST Ioannis Alafouzos, chairman and chief executive of Okeanis Eco Tankers. Foto: Okeanis 2020-01-22T15:24:14Z news 2-1-741906 ICBC Leasing order puts Chinese metals company on the large bulker map An arm of China's premier state investment company is taking the step from charterer to shipowner Bulkers Shipyards Finance News Wed, 22 Jan 2020 08:27:15 +0100 Bob Rust NHST Newcastlemaxes under construction at Shanghai Waigaoqiao Shipbuilding. Bob Rust 2020-01-22T13:48:05Z news 2-1-741289 Ince Group acquires London shipping legal firm's 10 lawyers Bentleys, Stokes and Lowless partnership will cease after takeover Bulkers Law Finance Gas Tankers Containerships Wed, 22 Jan 2020 08:07:18 +0100 Matt Coyne,Gary Dixon NHST Adrian Biles, chief executive at Ince. Foto: Gordon Dadds 2020-01-22T15:55:29Z news 2-1-741842 Greece says goodbye to elderly ropax ferries Recently auctioned NEL Lines veterans are heading for the chop in Turkey Cruise_and_Ferry Wed, 22 Jan 2020 07:03:06 +0100 Jonathan Boonzaier NHST The Greek ropax Ionian Sky has been sold to Turkish shiprecyclers Jonathan Boonzaier 2020-01-22T14:57:08Z news 2-1-741882 Master convicted after delay in reporting main engine failure Casualties Wed, 22 Jan 2020 06:03:02 +0100 Dale Wainwright NHST The 14,500-dwt Asphalt Spirit (built 2012) John Wilson, MarineTraffic 2020-01-22T15:27:06Z news 2-1-741876 $100bn global asset manager eyes Pacific Radiance rescue Singapore offshore vessel operator gets a second bite at restructuring cherry with new potential backer Offshore Wed, 22 Jan 2020 02:01:38 +0100 Dale Wainwright NHST A new asset manager has emerged as a potential financier for Pacific Radiance. Pacific Radiance 2020-01-22T17:44:48Z news 2-1-741853