TradeWinds

Wavelength Podcast: Riding shipping’s highest-ever rate wave Plus, the Merchants of Chaos as Houthis expand Red Sea reach and Gastech gossip

Senator sees opportunity to get 250-ship US-flag fleet into US military spending bill Senate version of National Defense Authorization Act could be one way to add additional provisions

US urges judge to reject claims on sanctioned SeaLead’s seized cash A ruling by the judge in US government’s favour would sweep aside all claims to assets

Upbeat LNG sector locks sights on long-term opportunities as near-term market burns Supply diversification and energy resilience emerge as watchwords of relentlessly upbeat Bangkok gas industry meet

AP Moller-Maersk confirms order for 26 large container ship newbuildings Two shipyards in China are building the series of LNG dual-fuel 18,600-teu vessels

Police retrieve cocaine from sea chest off Brazilian port Drug gangs increasingly favouring technique of stowing drugs below the waterline

Yara signs ammonia offtake agreement with Norwegian bunker supply developer Norwegian ammonia projects will see first fuel demand this year

Arne Blystad hires investment director from John Fredriksen’s Seatankers Jan Erik Klepsland also worked for ABG Sundal Collier and Nordea

Lighthouse Chartering hires former SSY broker in Bergen Frederik Fotland has worked for Bergen Tanker Brokers and SSY

BTIG bumps up tanker targets as long-term fixtures imply charterer insecurity Look to oil companies and traders, analyst Gregory Lewis says

‘We’re chasing quality, not quantity,’ say Western Bulk Chartering boss Short-term factors may be supporting bulker markets, but disciplined operators can position themselves for longevity

Singapore owner Wealth Holdings expands MPP fleet with order for up to six ships Norden has chartered two of the newbuildings

EU asks China to limit car exports as tariff threats heat up Rumours the bloc was pursuing tariffs on Chinese hybrid cars have been circulating for months

Greek managers take over ship registry caught up in shadow fleet turmoil Greece-based managers take over troubled flag state after previous sanctioned operators dropped

Insurers expand high-risk zone across Black Sea with ships firmly in the firing line Shipowners must pay war risk premiums across a wider area because of the targeting of ships …

Capesize bulker market still has legs, says Himalaya Shipping boss Market strength validates company's prior outlook for the sector, says exec

Thanassis Laskaridis lines up hugely profitable VLCC resale deal Hengli Group newbuilding to be delivered in November could generate more than $70m in profit for the Greek owner

Japan Engine fires up world-first hydrogen engine for big ships Land-based tests cut emissions by over 95% as Blue Harmony project eyes 2028 sea trials

Missing seafarer from Hercules Tanker ship found dead off UAE Russian crew member is the 23rd confirmed marine casualty of the US-Iran war

Pressure grows on Strait of Hormuz shuttle trade with Yanbu pipeline down Two key ship-to-ship transfers zones already operating near capacity, says Kpler

Sale or dividend: Bruton boss sets out two ways for investors in VLCC owner to get paid ‘The market will decide’ whether the company stays independent or not, CEO Svensen …

Public shipowners shower $3.24bn in dividends on investors in peak quarter This week's Streetwise takes a look at the outsized shareholder rewards from rampant shipping markets

CMA CGM and HMM line up $3.9bn in newbuildings at Yangzijiang CMA CGM is set to order ultra-large boxships while HMM is signing up for tri-fuel newcastlemax bulk carriers

Strait of Hormuz closure making Middle East VLCC market messier and messier Owners in the region need to hurry up and wait for the shuttle service, owners say

Drone-hit LNG carrier fails to catch a bid on the auction block Brokers say CDB FL’s $123m starting price for GasLog Salem was too aggressive

2020 Bulkers boss Magnus Halvorsen lays out case for $485m offshore bet Chairman sees undervalued assets and solid cash flow for new offshore player

India and China defy anti-Russia sanctions bill passed by US Congress Beijing and New Delhi say they oppose 'unilateral' sanctions and will not change their crude supply policy

‘Bigger is better’: Hafnia CEO talks up consolidation after raising Torm stake Torm CEO Jacob Meldgaard says company is ‘happy’ to have Hafnia as shareholder

Indian Register of Shipping eyes IPO for testing and inspection arm Proposed IPO comes as India manufacturing and industrial activity grows

London should fly the flag for shipping amid global upheavals and market boom Now is a window for the UK to turn the tide of its declining maritime status

Ship captain killed in new Black Sea strikes as Moscow and Kyiv ignore ceasefire plea Urgent address by IMO boss Arsenio Dominguez to stop the violence is falling on deaf …

CU Lines orders its largest-ever container ships in China The company has ordered two conventionally fuelled 14,000-teu newbuildings

India defies sweeping anti-Russia sanctions bill passed by US Congress Government in New Delhi says it will not change its policy to draw on diversified energy sources

Exmar scoops job to supply first FSRU for Ivory Coast Company snapping up its fourth LNG carrier in 12 months to convert into regas unit

Exmar stays hungry for FSRU business as company builds on its specialisms Company pursuing FLNG projects and yes, it still has those suezmax newbuildings

Pirates free cargo ship and crew after five-month hijacking ordeal Sward freed after ransom paid as Gulf of Aden hijack wave continues, with four tankers still held.

HD Hyundai Samho, ClassNK team up on future-proof LNG carrier design New LNG carrier design to meet IGC Code rules due to take effect in 2028

Economou and Norden fixtures help lift capesize rates from Brazil to near five-year high Owners of other ships hold out for even higher rates

Russian shadow tanker crew push for repatriation after bunker bill arrest Seized ship in India was once owned by Russia’s Argo Tanker, which was hit by Biden-era sanctions