TradeWinds on LinkedIn: Vafias aframax sister ships sold to China as prices hit 16-year high (2024)

“The outrage is that we are hurting and killing people unnecessarily. We are breaking equipment and damaging and costing a lot of money unnecessarily,” Adam Parnell from CHIRP told Holly Birkett. “And we are potentially polluting the environment unnecessarily because we are not learning as an industry from each other.”Parnell wants the shipping industry to wake up and address its approach to safety, accident reporting and its treatment of whistleblowers.https://lnkd.in/eqN9BqQg #shipping #maritime

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There are just under two weeks to go until TradeWinds Shipowners Forum Singapore 2024 - are you on the list? The focus for this year's event will be: How is disruption reshaping shipping and earnings?We'll hear from #shipowners, #charterers and the wider shipping supply chain – how will market volatility and geopolitical tension affect business in the region, and what does it mean for Singapore’s position concerning peers and potential rivals?We'll take a deep dive into the core issues that matter most to Asia's premier shipping hub - the outlook for dry bulk, #tankers, containers, new buildings, ship finance, #decarbonisation, and innovations in maritime technology. Some of the speakers include Ali Susanto from SSY, Sylvain Julien from Berge Bulk, Su Yin Anand from Ship Shape Strategies, Shu Yong Koh from American Bureau of Shipping (ABS), Sue Ann Gan from Norton Rose Fulbright, Mark Cameron from Ardmore Shipping Corporation, and many more.Join TradeWinds and our line-up of industry experts at Pan Pacific Orchard on 9 May to benefit from a full day of insightful panel debates, presentations, and high-profile networking opportunities.See the agenda and full speaker line-up, and secure your ticket now: https://lnkd.in/eXJ5VKSbSee you in Singapore!#TradeWindsEvents #DryBulk #ShippingSingapore

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Heady bulker markets are spawning deals between players long absent or infrequently moving in the arena, reports Harry Papachristou.Several broking and shipbuilding sources in Greece and China are reporting that Athenian Shipping, a bulker player that sold its last known ship eight years ago, has staged a comeback with a newbuilding order.#shipping

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The U.S. Department of the Treasury has unveiled its first shipping-related sanctions since threatening to ramp up the pressure. Paul Peachey has the story. https://lnkd.in/e_ME4jHB

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Norden CEO Jan Rindbo spoke to Holly Birkett and reflected on the eventful first quarter. Dry-cargo markets rebounded a lot sooner than the owner-operator had anticipated, catching Norden out, but product tankers enjoyed “extra-strong” rates during the period. https://lnkd.in/eZ_2y-bY #shipping #maritime #drybulk #drycargo #tankers DS NORDEN

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Wah Kwong Maritime Transport Holdings has returned to China’s New Dayang Shipbuilding for bulk carrier newbuildings.The Hong Kong shipowning company has struck a deal with the state-owned shipyard for two ultramaxes.Wah Kwong Maritime Transport Holdings Limited

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Loss-making operating margins on bulker carriers have hit Danish owner-operator #Norden’s bottom line for the first quarter, reports Holly Birkett.The firm, which owns and operates bulkers and product tankers, said it lost $630 per vessel day on its operated fleet, the majority of which is made up of bulk carriers. These losses were offset by gains generated by Norden’s shipowning division.DS NORDEN Jan Rindbo

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Reaction from the Gram Car Carriers boss Georg Whist to MSC’s $700m takeover offer.“We went public, now we go private again. The commitment of a wealthy shipping savvy single owner is extremely interesting.”Story courtesy of our Oslo correspondent Jonas Walsgård.#shipping MSC Mediterranean Shipping Company Georg A. Whist

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Major M&A news this Wednesday: MSC Mediterranean Shipping Company has offered to buy Gram Car Carriers for NOK 7.6bn ($700m).Gram Car Carriers has reached an agreement with MSC subsidiary SAS Shipping Agencies Services for an offer to acquire all issued and outstanding shares.#shipping MSC Mediterranean Shipping Company Gram Car Carriers

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This week’s Green Seas podcast brings TradeWinds‘ on-stage interview with Danielle Southcott, the Veer.Voyage founder and chief executive who’s working to build container ships powered by sail and hydrogen fuel cells. https://lnkd.in/ghtF3ksn

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