TradeWinds

TradeWinds is the largest news source for the shipping industry, offering both online articles and a weekly printed newspaper that focuses on shipping as a worldwide sector. It is owned by NHST Media Group and is based in Oslo.

International, Trade/B2B

English

Newspaper

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Global

#79791

United States

#58870

Business and Consumer Services/Shipping and Logistics

#337

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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.
Basalt Infrastructure adds Celsius Shipping LNG carrier to its line-up

1 day ago | tradewindsnews.com | Lucy Hine

UK investment management company Basalt Infrastructure Partners has added a Celsius Shipping LNG carrier to its burgeoning two platforms. Basalt announced it has acquired the 180,000-cbm newbuilding Celsius Galapagos, which is filled with an ME-GA propulsion system. The company said the ship, delivered in May by Samsung Heavy Industries, is employed on a “long-term, fixed time charter to a leading, investment grade counterparty active within the production, sale and distribution of LNG”.
How a chance deal in an office doorway led to a $700m cheque from Gianluigi Aponte

1 day ago | tradewindsnews.com | Andy Pierce

Gianluigi Aponte’s takeover of Gram Car Carriers in 2024 was one of the deals of the year in an active year of consolidation involving Oslo-listed shipping companies. Aponte swept up the company in a $700m transaction, which saw the Gram family and co-investor F. Laeisz cash out at the height of the market.
New LNG carrier design concepts emerge as South Korean shipbuilders vie for efficiencies

1 day ago | tradewindsnews.com | Lucy Hine

Shipbuilders and technology providers have unveiled several new concepts for LNG carrier designs to cut emissions and improve efficiencies during Nor-Shipping week in Oslo. South Korean shipbuilder Samsung Heavy Industries has teamed with the Korean Register to develop a 174,000-cbm LNG carrier with three cargo tanks.
Tanker and bulker asset prices are ‘way too high’, says Torvald Klaveness chief

2 days ago | tradewindsnews.com | Andy Pierce

Asset values for tankers and bulkers are way above the level justified in the freight markets today, according to Norwegian shipowner Torvald Klaveness Group. It comes at a time when the industry is being buffeted by a turbulent geopolitical environment and incoming carbon pricing regulations are set to reshape shipping and rewrite the traditional lifespan of a vessel.
Shandong Ocean Shipping expands fleet with order for two post-panamax bulk carriers

2 days ago | tradewindsnews.com | Irene Ang

Shandong Ocean Shipping Group is turning to the shipbuilding market to expand its fleet. The shipping arm of Shandong Port Group has struck a deal with domestic shipyard Hengli Shipbuilding to construct two 95,500-dwt bulk carriers. The Chinese company is splashing out CNY 548m ($76.3m)
Pan Ocean inks order for VLCC newbuildings at HD Hyundai yard

2 days ago | tradewindsnews.com | Irene Ang

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is said to be adding tanker newbuildings worth $254m to its orderbook. Market sources said South Korean shipowner Pan Ocean has picked the group to build two VLCC newbuildings for delivery by the first half of 2028.
Carsten Rehder plots four more multipurpose newbuilds with Indian yard

2 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.
Remembering Jim Lawrence: A bold idea, a business empire and a friend to all

2 days ago | tradewindsnews.com | Joe Brady

We have made the point before that while this column is about issues and trends, it is no less about the people who shape the ship finance industry. With that in mind, the only real candidate for the subject of this week’s Streetwise is the death of Marine Money chairman Jim Lawrence last weekend at age 70. Lawrence, a hugely charismatic serial entrepreneur, left a big mark in other areas of shipping as well.