TradeWinds

Shipping’s investment boom faces reckoning as financiers warn of market risks Geopolitical disruption, aggressive ordering and abundant capital are testing the industry’s long-term discipline

Pistiolis tanker firm’s stock jumps 2,400% after fourth share reduction this year Nasdaq-listed Rubico boosts price to well above the minimum $1 listing requirement

Ifchor Galbraiths targets container market with hiring of veteran Braemar brokers Anglo-Swiss shipbroker is set to launch a container sale-and-purchase desk after recruiting long-serving specialists from rival shop

Is the world paying attention to shipping? The Maritime Attention Index looks for answers Dustin Eno has rolled out the reading to chart exactly how much the general public is …

World’s oldest LNG carrier put up for demolition sale Forty-nine-year-old, steam turbine vessel has lain idle for over five years

Phillips 66 fails to secure Norden tankers on five-year deals as rates fall Two MR ships said to have failed subjects for delivery in 2028

Do not reward LNG under clean shipping plan, campaigners urge IMO Thirteen groups send open letter to IMO chief after comments about LNG as a transitional fuel

Fredriksen ordered to pay ‘substantial nine-figure’ damages to former trading executives Shipowner will compensate duo after wrongfully imposing freezing order for 10 years as part of fraud trial

‘Milestone’: Shipbrokers elect first woman and first Greek to lead ICS in 115 years Greece’s Natalia Margioli takes over the top job from Punit Oza

Fred Olsen holding company builds wind ship backlog to more than $1bn Bonheur profit rises in tight market and cruise is also positive

Trafigura puts money into fight against Ebola virus in Africa Trader is helping buy medical equipment in Democratic Republic of Congo

Fulford-Smith-led Western Arc Recycling takes shape Venture hopes to conclude its first ship purchase before year-end

Jiahua Energy orders large $165m ethylene and ethane carrier after entering shipping sector Chinese chemicals producer follows up August's debut deal with bigger vessel

Greeks dominate as suezmax sales jump by a third on VLCC spillover Suezmax buyers are piling in as red-hot VLCC market pushes owners and investors towards cheaper tonnage.

NextDecade prepares to fire up its Rio Grande LNG production Market disruption is forcing companies to seek reliability of supply over price, CEO says

Seatrium lands $156m-plus FPSO integration job from SBM Offshore Singapore yard to fabricate key structures and integrate topsides on South America-bound unit

Hengli’s shipbuilding earnings soar as investment spree accelerates Chinese shipbuilding heavyweight reports a near-fivefold jump in quarterly profit while assets under construction surge more than 13-fold

China’s great leap of energy leaves Trump stuck in past Beijing is super-charging its energy transition as Washington rolls back climate rules, presenting shipping with a stark choice

Political fallout grows over Trump-Putin diesel imports deal Lawmakers introduce law to overturn waiver, as New Jersey governor considers blocking tankers

Scorpio’s $4.33bn turnaround: The numbers behind this week’s dividend hike Five-year mission to reduce the amount and cost of debt has left the owner cash-rich and more confident

Tanker struck by projectile in Hormuz as attack tally grows Attack on unidentified vessel is second confirmed incident in the day

Brazil-China spot rates bounce back as Sinokor scores $56m VLCC fixture Average spot rates rebound to more than $800,000 per day

Dhow sinks in Hormuz incident as Iran claims three more ship strikes Vessels get no respite in the key waterway

India mounts rescue of 20 seafarers from Pioneer Marine-managed bulker grounded in powerful cyclone Coastguard ship and helicopter respond to grounding off east coast

Europe needs to compete more aggressively for a smaller pool of LNG, Cheniere warns Company’s newest customer QatarEnergy is pursuing a ‘bold new vision to redefine themselves’ chairman Fusco says

Three MR tankers steam towards US Atlantic coast after Trump’s Russian diesel deal A fourth vessel is expected to depart soon, according to Russian official

Zim-chartered container ship sinks in Black Sea after strike blamed on Russia Sinking confirmed a day after Contships-owned ship hit by three sea drones

Maran grabs Red Sea fixtures as physical market catches up to paper Greek owner is back at Yanbu as ‘fixing frenzy’ sees rates trend higher

Japanese owners call for unity and more state backing TradeWinds Shipowners Forum hears how Japanese owners want to support domestic shipyards

Greek tanker carrying Russian diesel in Atlantic may not discharge in US Charterers of the 50,000-dwt Agioi Fanendes (built 2019) have given no final destination orders, owner EastMed says

Aframax charter rates tumble as BP linked to three-year deal Brokers knock $20,000 per day off one-year contracts for mid-sized ships

Refiner Phillips 66 reveals cut-price charters for more than 80 tankers US energy company gives insight into size and cost of operated fleet

Baltimore bridge shipowner pushes for US trial over ‘defective’ vessel Judge was wrong to prevent case against shipbuilder HD Hyundai Heavy Industries being heard in Pennsylvania

QatarEnergy locks in second US LNG buy with Woodside Energy deal Doha giant claims it is now US’ largest LNG buyer

Sanctions-waived tankers could head to inefficient Middle East trading If US waivers come through, the ageing dark fleet ships could be used as shuttles through the Strait of Hormuz

FLNG and LNG orders propel Samsung Heavy Industries’ profit Shipbuilder has its eye on two more floating LNG units that may come in before year-end

US offshore project ST LNG wins ‘fastest deepwater port license’ Construction set to kick off next year along with hunt for first vessel to work as FSU

Cosco’s CSET orders ethylene carrier as tankers make $13bn profit Chinese group aims to build gas capacity in deal with sister shipyard

Bulker demand holds firm despite Black Sea attacks More than 40 seafarers have been killed this year in the world’s deadliest area for shipping