Ian Lewis

United Kingdom

Correspondent at TradeWinds

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Articles

Ernst Russ CEO steps down as part of management shake-up

1 day ago | tradewindsnews.com | Ian Lewis

Ernst Russ chief executive Robert Gartner is stepping down as chief executive of the German container ship tonnage provider. The 69-year-old will retire and leave the company at his own request on 31 August, the company said in a statement. Chief commercial officer Joseph Schuchmann and chief financial officer Christopher Eilers will manage the company as joint CEOs, the company said.
Global container volumes dip after hitting all-time record on pre-tariff surge

1 day ago | tradewindsnews.com | Ian Lewis

Global container volumes hit an all-time high in March, but edged down in April as tariff concerns hit trade volumes on the transpacific. A record 16.3m teu were lifted in March as shippers rushed to beat tariffs imposed on US imports, according to UK-based data provider Container Trades Statistics (CTS). That was the highest global liftings ever recorded in a single month.
Carsten Rehder plots four more multipurpose newbuilds with Indian yard

3 days ago | tradewindsnews.com | Ian Lewis

Germany’s Carsten Rehder Schiffsmakler und Reederei is doubling down on an order of multipurpose dry cargo vessels in India. The Hamburg company is expected to ink orders for four more 7,500-dwt vessels by the end of August. On Wednesday, the company signed a memorandum of intent for the additional vessels with Kolkata-based Garden Reach Shipbuilders & Engineers (GRSE) at Nor-Shipping.
Spanish carrier turns shipowner with deal for feeder container ship

3 days ago | tradewindsnews.com | Ian Lewis

Spanish container carrier JSV Logistic has made its first move into shipowning to boost its Mediterranean services. The company is investing €38m ($43m) to buy a 1,200-teu newbuilding under construction in China for Germany’s Jungerhans Maritime Services. The Meike J is one of two 1,200-teu feeder vessels that the German owner ordered in 2023.
South Africa revamps plan to set up national shipping line

4 days ago | tradewindsnews.com | Ian Lewis

South Africa has revived a plan to establish a new national shipping line. The move to establish a company to operate as the South African Shipping Co (Sasco) would be the first state-owned carrier in the country for more than 25 years. A steering committee established by Transport Minister Barbara Creecy is expected to explore possible ship acquisitions or buying local maritime operators.
Greek marine insurance broker pair snapped up by Germany’s Georg Duncker

4 days ago | tradewindsnews.com | Ian Lewis

German marine insurance broker Georg Duncker is expanding its operations in Greece. The 155-year-old company has acquired Piraeus-based marine insurance brokers Fortius Risk Solutions and National Insurance Brokers (NIB). The move helps the Hamburg-based firm expand in the Mediterranean region as it looks towards further international growth.
Capito Capital Management sets sights on feeder container ship sector

4 days ago | tradewindsnews.com | Ian Lewis

Copenhagen-based Capito Capital Management is on the cusp of its first investment in the container feeder segment. The Danish investment company is targeting feeder vessels of between 1,000 teu to 3,000 teu. “We are looking into that segment, definitely,” chief executive Christian Friis said.
Container shipping asset playing all-stars turn focus to small vessels

4 days ago | tradewindsnews.com | Ian Lewis

With investment in larger container ships reaching its zenith, it might be the small boxship sector’s turn to grab the limelight. Heads were turned recently when Evangelos Marinakis-controlled Capital Maritime ordered a series of smaller container ships. The Greek shipowner was one of the star asset players of the last boxships boom.
Premuda extends shake-out of managed tankers after Marco Fiori buyout

5 days ago | tradewindsnews.com | Harry Papachristou |Ian Lewis

Italian shipping player Premuda benefits from firm buying interest for mid-sized product carriers in its campaign to offload vessels from its managed fleet. The Genoa-based company confirmed to TradeWinds that it has agreed to sell yet another such unit, the 50,900-dwt PS Capri (built 2011), which is being sold to Greek interests. Several brokers reported earlier in the week that the STX Offshore-built vessel is being sold.
US tariff turmoil spurs near record 30% jump in container freight rates

1 week ago | tradewindsnews.com | Ian Lewis

Container freight rates have jumped at near record levels in the past week on the back of lingering tariff uncertainty and growing port congestion in Europe. The Shanghai Containerized Freight Index (SCFI) soared by 486 points or 30.7% in the past week, its second-largest ever nominal gain.