Share

cover art for Riding shipping's highest-ever rate wave

TradeWinds Wavelength

Riding shipping's highest-ever rate wave

•

In this week's Wavelength podcast.

The spoils of war are revealed as listed shipping companies announce profits and dividends as charter rates continue to climb skywards.

Any Pierce talks to host Craig Eason about the trends and how it could scare some investors off.

Read more: War drives shipping’s biggest ever bull run as rates smash records

Read more: Public shipowners shower $3.24bn in dividends on investors in peak quarter

Read more: Record tanker markets scare off shipping investors


The Houthis have made ground in broadening their reach and posing even more of a threat to Red Sea merchant traffic. Eric Priante Martin has been looking at the impact of the 'merchants of chaos'.

Read more: ‘Merchants of chaos’: Experts say Houthis not likely to limit targets to Saudi ships after land grab

Read more: US officials reportedly met with Houthis after advance to Bab el-Mandeb Strait


And TradeWinds gas correspondent Lucy Hine has spent the week at Gastech in Bangkok getting a feel for the latest mood in the markets.

Read more: LNG supply unlikely to catch up with sector’s fleet growth until late 2028, Vortexa says

Read more: Exmar stays hungry for FSRU business as company builds on its specialisms


Host and production: Craig Eason

Additional reporting: Yannick Guerry, Andy Pierce, Lucy Hine, Eric Priante Martin.

A TradeWinds/DN Media podcast

More episodes

View all episodes

  • Uncovering the story of the Settebello

    27:38|
    In this week’s Wavelength. TradeWinds correspondent Paul Peachey has been uncovering what happened on the tanker Settebello before and after it was attacked by US forces in the Middle East in the summer. This is the story of the families of three crew members who were killed struggling to get answers and get the compensation they say they deserve. The story comes in a week of an unprecedented number of attacks on ships and crews in the Black Sea and Middle East. Read more: Final mobile messages reveal fears of seafarers killed in US missile attack Read more: Bulgaria stops search for missing seafarers after Russia strikes four Turkish ships Read more: Greek tanker ablaze off Russia in Ukrainian sea drone strike Matt Coyne and Irene Ang discuss events in the car carrier market as key carmakers in China order their own ships again and Norway’s Wallenius Wilhelmsen raises cash to fund another fleet expansion programme. Read more: Chinese auto giants line up $2.5bn haul to drive car carrier orders to new record Read more: Wallenius Wilhelmsen completes $300m share sale amid talk for up to 12 newbuildings Host and producer: Craig Eason Additional reporting: Yannick Guerry, Matt Coyne, Irene Ang and Paul Peachey A TradeWinds/DN Media Podcast
  • Tankers at the top?

    28:22|
    In this week’s episode:TradeWinds’ tanker correspondent, Matt Coyne, is in the studio to unravel yet more superlatives about the crude markets as geopolitics and turmoil feed into rocketing rates.Read more: Oslo-listed VLCC giants sitting on $2bn in paper profit on newbuildingsRead more: ‘Extraordinary’ tanker boom could last through next year, says ClarksonsWas it hacked or is there a disinformation campaign? We look at new cyber rules, an attempt to exaggerate a cyber hack on a ship and just how difficult it is in the cyber resilience market.Read more: Is there a cyber disinformation campaign targeting shipping?Holly Birkett is in the studio with the monthly edition of Granular, our regular look at a key area in the dry bulk market.Read more: Fertiliser will lose out to copper industry as sulphur shortage shifts trade flowsHost and producer: Craig EasonAdditional reporting: Matt Coyne, Holly Birkett, Yannick GuerryA TradeWinds/DN Media podcast
  • The Trafigura VLCC IPO

    29:54|
    In this week’s podcast:Trafigura is bringing its VLCC tanker division, now called Volare Shipping, to the Oslo Stock Exchange with a planned IPO.Lucy Hine joins host Craig Eason to talk through the listing and how the tanker market has reacted.Read more: Trafigura launches $500m Oslo IPO for new VLCC spin-off Volare ShippingRead more: Volare Shipping sells $500m new shares boosting value to $1.2bn ahead of IPORead more: Trafigura banks $38m profit on sale of product tanker pairThe International Union of Marine Insurance held its annual gathering in Rotterdam this week. TradeWinds risk correspondent Paul Peachey talks to new IUMI president Sean Dalton and discusses key issues around the state of the insurance markets, war, chokepoints and the risks of car batteries.Read more: The open-and-shut Hormuz case gives war risk insurers the jittersRead more: Hull underwriters hit by rising costs and war lossesRead more: Idle ships in Gulf pose threat for maritime insurers when they start movingHost and producer: Craig EasonAdditional reporting: Yannick Guerry, Lucy Hine and Paul PeacheyA TradeWinds/DN Media podcast
  • The Gulf crisis could be so much worse

    27:53|
    This week's podcast comes from Oslo OCean Days where regional and international shipowners convened to talk about the Gulf situation, market disruption and optimism about international talks to find a climate deal for shipping.We hear from Alexander Saverys, chief executive, CMB.Tech, Andreas Enger, boss of Hoegh Autoliners and Hing Chao, chairman, Wah Kong.Read more: Economic cracks showing as Strait of Hormuz chaos sends oil price soaringRead more: Shipowners philosophically against chokepoint tolls will pay them anywayRead more: ‘In a falling tide, you see who has been swimming naked.’ Major shipowners ready for downturnSveinung Oftedal, chair of the closed door IMO climate talks explains hy he is optimisitic that all sides of the net zero impasse will agree on a new dealAnd we have a snippet from the closing speech of Leif Hoegh, chairman of Hoegh Autoliners and board member Hoegh Evi with some philosophical thoughts as his family business closes in on its centenaryRead and listen more: Leif Hoegh: ‘If you do not take any risks, you do not learn anything’Host and producer: Craig EasonAdditional editorial from: Julian Bray, Paul Peachey, Yannick GuerryA TradeWinds/DN Media podcast
  • Can the IMO do more for shipping in the Gulf?

    31:53|
    In this episode:Hard talk from Arsenio Dominguez as 6,000 seafarers remain trapped in the Gulf as resolutions over Hormuz wanes.The conversation was part of the recent TradeWinds Shipowner Forum Hamburg during SMM. Listen to more on the Wavelength Plus podcastChina's shipbuilders seek closer relationship with European owners as country urges green transition.Read more: CSSC chairman courts European shipowners as Chinese shipyard giant pushes green agendaMeanwhile India shipbuilder Chowgule wins order for ultra green emissions free bulkers as its growing orders for hybrid and green ships grows.Read more: Indian yard scores big wins in small ship dealsAnd Everllence boss Dr Uwe Lauber opens up about the future of shipping's biggest engine maker now it has US private equity giant Bain as major owner.Read more: Volkswagen sells ship engine business to private equity firm in $8.4bn dealListen to more on the Wavelength Plus podcastProduced and hosted: Craig EasonAdditional editorial input: Julian Bray, Holly Birkett Yannick GuerryA TradeWinds/DN Media podcast
  • Getting under the lid of German shipowning

    36:26|
    In this week's episode:As the shipping industry descends on Hamburg for the week, Ian Lewis discusses the shape of Germany's shipowning community and what lessons it has learned.Read more: Can Hapag-Lloyd win Israel’s blessing for $4.2bn Zim takeover?Höegh Autoliners has ordered a further 12, with options, car carriers but has shied away from going all out on ammonia-dual fuel as it did with the latter vessels of its previous batch. Car carrier boss Andreas Enger is in the studio to defend its decision and explain why.Read more: Hoegh Autoliners returns to China for six new car carriers Oman has been in the news as geopolitical tensions and shipping attacks in the Strait of Hormuz make our headlines. TradeWinds correspondent Huaqing Ma talked with Oman Maritime Association chairman Khalil Al Hooti about how Oman is adapting and the big question about a Strait of Hormuz toll.Read more: How the Hormuz crisis is exposing Oman’s wider role in maritime trades And Holly Birkett's Granular looks at the growing issues around maritime choke points.Read more: Godzilla El Nino will bite grain yields and Panama Canal water levels Producer and host: Craig EasonAdditional reporting: Holly Birkett, Ian Lewis, Huaqing Ma and Yannick Guerry A TradeWinds/DN Media podcast
  • Mutiny and fear in the Gulf

    23:44|
    In this week's podcast:The number of fatalities and injuries in attacks on shipping increases as warring factions ignore calls to stop attacks on innocent seafarers.Fears lead captain and crew on one vessel to mutiny against calls to leave port and head through the Strait of Hormuz.Gary Dixon looks at the latest events.Read more: 'Strait of death’ voyage order sparks seafarer revoltRead more: ‘My leg was hanging on by the skin’: Russian captain tells of 24-hour ordeal after Houthi ship strikeIt's all change at the Baltic Exchange as its long-standing chief executive Mark Jackson announces his retirement and his successor is announced.Holly Birkett looks at the latest developments at the Baltic Exchange and whether it is keeping pace with changeRead more: Trial and transition as the Baltic Exchange tussles with traditionAnd we reveal our 7th Guiding Star Evangelos Efstathiou, owner at Marsoft, as we continue to reveal a total of 10 finalists before a final winner is revealed at the end of the yearRead more: He bought his old boss’ company. Now Evangelos Efstathiou is betting on AIHost and producer: Craig EasonAdditional reporting: Gary Dixon, Holly Birkett, Yannick GuerryA TradeWinds/DN Media podcast
  • Maersk and Hapag-Lloyd bosses disagree on structural change

    28:34|
    In this episode:Maersk and Hapag Lloyd published bumper second quarter results over the last week. But the news focused on whether liner trades are facing a structural shift due to non-shipping related constraints and the additional cargo types in boxes.Read more: Vincent Clerc: This structural shift will shape container shippingRead more: Seasonality or structural shift? Hapag-Lloyd CEO on latest sharp swing in liner profitRead more: Maersk adds $2.5bn to profit forecast as disruption drives demandRead more: A licence to print money’: How much longer can container shipping get away with it?As shipping hears more and more about artifical intelligence, one digital outfit has launched an overarching agentic Ai tool over its digital modules. Maersk and Cargill-owned Zero North got a new boss four months ago and Soren Andersen is seeking to expand its business and that means giving customers more reasons to go digital.Read more: ZeroNorth embraces speedboat strategy for AI roll-outBrunei Darussalam held a maritime event recently and invited TradeWInds to attend. It is not your normal shipping hub attracting shipping's attention but claims it has some key offerings for shipping to take note.TradeWinds Huaqing Ma was there and filed this report.Read more: Why Brunei does not need to become another Singapore Read more:Can Brunei become industry’s next ship-to-ship transfer hub?Host and producer: Craig EasonAdditional reporting: Ian Lewis and Huaqing MaA TradeWinds/DN Media podcast