Holly Birkett

2 weeks ago | tradewindsnews.com | Holly Birkett

Hopes for normalisation of vessel transits through the Red Sea have been gutted in the wake of Israel’s attack on Iran on Thursday. Fearnleys thinks that shipowners will continue to shy away from the region due to the increased instability. Dag Kilen, Fearnleys’ global head of research, told TradeWinds he expects the tanker market will watch and wait as the military action plays out.

2 weeks ago | tradewindsnews.com | Holly Birkett

Caravel Maritime, part of the Hong Kong Caravel Group, is circulating two China-built kamsarmax bulk carriers for sale, which could raise at least $43m. The 81,093-dwt Explorer Asia (built 2016) and the 81,073-dwt Explorer Oceania (built 2015) are both on the block. The pair were built at Jiangsu New Hantong Shipyard to the Shanghai Merchant Ship Design & Research Institute’s Dolphin 82 MK III design and have eco-electronic engines and ballast water treatment systems.

2 weeks ago | tradewindsnews.com | Holly Birkett

The Astrup Fearnley Group has been building its artificial intelligence systems to help its brokers be better at their jobs, according to its group chief executive. In a wide-ranging interview, Marius Hermansen also told TradeWinds about the origins of the group’s asset management funds and discussed international growth ambitions. Hermansen explained the group has invested “significant amounts” in the AI project, which has been developed internally.

2 weeks ago | tradewindsnews.com | Holly Birkett

Lasse Sorensen is swapping panamaxes for capesizes after quitting bulker owner Golden Ocean Group to join one of its biggest customers. Sorensen, who is based in Singapore, resigned on Friday from his position as the shipowner’s global head of panamax. TradeWinds understands that he will join mining giant Anglo American in the city-state as its global head of capesize.

2 weeks ago | tradewindsnews.com | Holly Birkett

Hong Kong shipping group Caravel has become the second biggest shareholder in bulker firm Pacific Basin Shipping by buying more shares in the owner-operator. Filings show that the shipping group has grown its stake in Hong Kong-listed Pacific Basin to 12.1%, up from 7.5% previously. The group told TradeWinds: “The Caravel Group is a committed long-term shareholder, and the position reflects the company’s confidence in the company’s future.”