Jonas Cho Walsgard

3 days ago | tradewindsnews.com | Jonas Cho Walsgard

Uncertainty has dominated the shipping industry in the past months. But shipowners paralysed by the geopolitical swings risk losing out. They should instead go on with business as usual, according to tanker owner International Seaways. “Stop complaining about it. That is why we like this business.

3 days ago | tradewindsnews.com | Jonas Cho Walsgard

Golden Energy Offshore Services (GEOS) is closing in on a fleet refinancing. The Oslo-listed offshore vessel owner entered into a non-binding term sheet with a first-class financier for the possible refinancing of the group’s seven vessels. The size of the loan facility will be up to $95m.

3 days ago | tradewindsnews.com | Jonas Cho Walsgard

The shipping industry must be prepared for long-term friction between the US and China. It is an antagonism that is much broader than the policies of US President Donald Trump, according to Hing Chao, the executive chairman of Wah Kwong Maritime Transport Holding. “We are facing a problem much bigger than the US or the Trump administration in the short term,” he said at a Marine Money conference in Oslo during Nor-Shipping.

4 days ago | tradewindsnews.com | Jonas Cho Walsgard

Its unique shipping community makes Oslo a convenient place to list for a shipping company. In particular, the efficiency of that ecosystem helps shipowners raise money at the right time. “It is time to money. It is time to market, which is way faster than anywhere else,” Constantin Baack, chief executive of MPC Container Ships, said during the Ocean Invest Conference at Nor-Shipping.

4 days ago | tradewindsnews.com | Jonas Cho Walsgard

Hedge fund manager Tor Svelland does not agree with investors shorting crude tanker stocks. “People are deciding to be short crude oil tankers right now. In my world, it is pure madness,” he said at the Ocean Invest Conference at Nor-Shipping. Svelland highlighted that the tanker market is very much affected by political decisions regarding the dark fleet.