TradeWinds

Wavelength podcast: Peace at last? Shipping cautiously resumes as Hormuz re-opens Plus: why Russia is pushing to grow its shadow fleet of LNG carriers once again

Core Power to study floating nuclear power plants using SMR technology Maritime industry seen as catalyst to change how nuclear energy is delivered

Iran moves to tighten control over Strait of Hormuz New Iranian authority clears way for fees and mandatory insurance payments after the first 60 days of interim peace deal

Chief engineer ‘waiting for parts’ before deadly bridge strike Prosecution agreement says Indian national knew vessel was unsafe because of modifications to fuel supply system

Unions end Ichthys strike after LNG carrier loadings disrupted Australian pay dispute over after 3% raise for workers agreed

Ripple effect of Hormuz disruption spurs container spot rates spike Rates on transpacific route jump nearly 30% this week as shippers rush to beat deadline

Iraq to ship oil from Syrian ports to avoid Strait of Hormuz Alternative export plan is another sign that Gulf nations will not be held to ransom by Iran

Mine spotted in Strait of Hormuz as ship traffic climbs Twenty-five crossings is the most since April, analytics firms said

Chubb turns to London after failure of $40bn Strait of Hormuz insurance project Lloyd’s of London and Chubb announce much smaller facility to get shipping moving again through Strait of …

Greek owner Ionic adds four tankers in Japan as it sticks with unique focus Athens-based company expands its suezmax and aframax footprint in deals with longstanding shipbuilding partners

‘Doyen of shipbroking’ Bob Garner dies at 85 Former broker never lost touch with industry in which he encouraged so many young people

ICAP kicks off due diligence work on Ifchor Galbraiths Companies agree terms but will planned buyout go through?

Cash-rich owners in the driving seat as lenders scramble for business Adviser Eurofin sees fierce competition among banks and new investors active in M&A

Andreas Sohmen-Pao reveals $20bn investment plan for BW Group Singapore shipowner explains that depreciating assets must be replaced despite high costs

Barnacle bill: Hull-cleaning costs jump for ships trapped by Strait of Hormuz closure Massive increase in requests for divers to scrape hulls as Strait of Hormuz reopens

‘Resounding’: Genco Shipping makes it official with details of lopsided win in Diana proxy fight Some 90% of non-Diana shares were voted in favour of incumbent Genco directors as two …

Lloyd’s underwriters outline six priorities as Strait of Hormuz reopens Underwriters say these practical steps are needed to ensure ships move safely through Strait of Hormuz

Shipping giants Bahri and Cosco move tankers out of Gulf with AIS signals on Three Saudi Arabian VLCCs exit Strait of Hormuz for first time since war began

Chinese shipowner Changhang Freight breaks into kamsarmax bulker arena The Wuhan-based shipping company has ordered two newbuildings at Jiangsu Haitong Offshore

London Greeks warn of overtonnaged fleet after newbuildings surge Greek Shipping Cooperation Committee also backs the scrapping of sanctioned vessels

Diana boss Paliou says 'our door still open' to Genco takeover after vote blow Greek owner says failure to elect directors to US company's board will not deter pursuit

Saudi Arabia blasts Iran plan to reintroduce Hormuz tolls after 60 days Foreign minister says fees do not make sense

Bergen pushes claim as the world’s shipping capital City shipowners and brokers invited the world to the west coast city for the 12th time

Asian refiner refuses to fix VLCCs at massive rates in the Middle East Gulf PetroChina and India Oil Corp frustrated in tenders for tonnage as owners make big demands

Tanker owners still reluctant to send ships through the Strait of Hormuz Vessel tracking data shows that only a small number of vessels are running the gauntlet as too much …

Sea World Management has lifted investments in tanker newbuilds to over $250m Greek shipping company has a total five MR tankers on order at K Shipbuilding

Pressure builds to harmonise ship recycling rules as demand grows Aligning IMO ship recycling rules closer with EU regulations would benefit industry, argue ECSA and ICS

Baltic Dry Index ticks up as Pacific capesize market stirs Baltic Dry Index rose on Thursday for the first time since late May

Neda Maritime sells tanker to Great Eastern at record price Owner is cashing in on rapid appreciation in aframax tanker values seen this year

Genco Shipping repels Diana advances in clean-sweep shareholders vote All six incumbent directors re-elected by investors while 'poison pill' stays in place

Global Feeder Shipping pays premium rates amid tight container vessel market AD Ports subsidiary keeps foot on the pedal and is chartering or acquiring boxships

Scorpio Tankers reveals rate dip in uncertain product carrier sector US-listed owner's update shows earnings down from stellar guidance in May

‘Still risky’: New body to control rush for Strait of Hormuz exit Shipping organisations have been drawing up plans to coordinate an expected surge in shipping traffic

Tanker rates surge alongside owner confidence following Hormuz reopening US Gulf to China assessment drives jump as tankers trickle out of Middle East Gulf

US-Iran deal a ‘step toward stability’, says Maersk But Hormuz transits remain suspended with five Maersk vessels stuck in the Persian Gulf

Tankers pile up in Gulf of Oman. A ‘broking job and a half’ needed to get them to work VLCCs keep piling up near the Strait of Hormuz, but Fearnleys …

Neda Maritime revealed as seller of LR2 tanker to Great Eastern Transaction follows shortly after Greek owner’s capesize order at Hengli Heavy Industry

MOL and NYK ink long-planned VLAC charters with JERA Partners finally seal their deals with trading giant on four newbuildings

Chief engineer charged over Baltimore bridge collapse Criminal charge is first for any crew member serving on the container ship at the centre of March 2024 disaster

Has dual-fuel ambition stalled in the face of commercial reality? Limited infrastructure, fuel availability and regulatory uncertainty have seen orders for alternative fuel-capable ships fall from their 2024 peak, writes …