Noble Group expects to post Q4 and full-year losses

Major dry cargo charterer has issued a profit warning due to weak coal prices and prospects for the commodity.

Finance Dry cargo

03:26 GMT

Nord/LB, Offen team up on loan restructuring

Liner Finance

07:48 GMT

Reach exceeds expectations with small profit

Offshore

07:20 GMT

Swiber obtains consent on covenant amendments

Finance Offshore

22 Feb 2016

Austal sees mixed demand picture

Finance Ship Sales

22 Feb 2016

McDermott looks to tap Indian market with tie-up

Offshore

01:39 GMT

Iran to push up Opec’s market share

Offshore Tankers

22 Feb 2016

Golden Ocean vote completes share sale
22 Feb 2016
‘Still gaps’ in US-flag ship inspection
22 Feb 2016
DVB poaches HSH Nordbank shipping chief
22 Feb 2016
Thenamaris locks away latest cape addition
22 Feb 2016
Police raids probe Keppel’s Brazil deals
22 Feb 2016
Supramax bulker fetches low price
22 Feb 2016
Swedish and UK P&I Clubs post positive results
22 Feb 2016
HMM begins talks to cut charter fees
22 Feb 2016

INSIGHT

See all articles

Caution still urged as sanctions eased

US move allows foreign subsidiaries of US companies to trade with Iran, under certain conditions

Weekly

22 Jan 2016

Capesize spending erupts as big guns fire

Figures confirm major owners have switched attention to depressed dry cargo market.

Ship Sales

08 Jan 2016

Mulling fleet renewal under new ownership

Chembulk Tankers free from the limitations of Berlian Laju Tanker restructuring.

Tankers Weekly

13 Jan 2016

Uruguay terminal to boost dry-bulk exports

Facility built by Laskaridis family affiliate starting to change region’s complicated loading processes.

Weekly

18 Jan 2016

Erased Iranian sanctions 'positive'

Analysts welcome return of Iranian cargoes, with extra shipments likely to outweigh returning tonnage.

Tankers

18 Jan 2016

Beware misreading the tanker tea leaves

Euronav has shrugged off concerns about retreating VLCC rates as Paddy Rodgers sought to decode share prices.

Finance Weekly

18 Jan 2016

Mine closure to hit panamax demand

Australian iron ore mining project could fold if Ansteel decides it no longer wants to fund work

Dry cargo Weekly

22 Jan 2016

Caution still urged as sanctions eased

US move allows foreign subsidiaries of US companies to trade with Iran, under certain conditions

Weekly

22 Jan 2016

Iran spotlight falls on oil export efforts

Challenges still lie ahead not least in the form of low oil prices but home crowd is raring to go

Tankers Weekly

21 Jan 2016

Frank: Yamal ‘saga’ a triumph of Arctic skill

Sergey Frank speaks about pioneering vessel for Yamal LNG project and SCF's upcoming results

Weekly

25 Jan 2016

Bulls, bears and believing in fairies

Braemar, SCF and Euronav chart the tanker market with the aid of animals and Peter Pan.

Tankers

27 Jan 2016

Export demand to soak up VLGC supply

Dorian LPG continues to see growth in seaborne trade from US and other countries.

Gas

30 Jan 2016

Thought leadership and autonomous ships

Shipping companies must take up the challenge to invest in unmanned vessels technology.

Weekly

27 Jan 2016

Iran’s crude comeback set to spur change

Increasing output and market share are top of the list for Iran; modest ‘bump’ predicted.

Tankers Weekly

28 Jan 2016

Survival fight helps surge in cape deals

Capesizes worth over $500m sold in January as owners cash in potentially valuable assets in downturn

Dry cargo Weekly

03 Feb 2016

How does smart money view shipping?

Experts say many Wall Street fingers have been burned but shipping itself could be the winner

Finance Weekly

04 Feb 2016

Dorian resale price dents VLGC sentiment

Resale deal adds to fears that the best may be over for a sector after a two-year hot streak.

Gas Weekly

04 Feb 2016

‘Suicide to take another ship today’

Aage Remoy discusses the ‘terrible’ market, as he explains his motives for leaving the chief executive’s chair

Offshore Weekly

04 Feb 2016

Did dad come up trumps in Diana deal?

Wall Street analysts have their say on Simeon Palios’s latest purchase.

Dry cargo Ship Sales

05 Feb 2016

‘DHT not battening down the hatches’

Executives say actions have been prudent as they look to build a company with long legs.

Finance

04 Feb 2016

Floating storage window open for now

Wells Fargo’s Webber says floating storage economics work for two to three months.

Tankers

05 Feb 2016

AP Moller switches on distressed deal radar

Nils Andersen talks up the potential of counter-cyclical buys in perfect storm.

Liner Finance

10 Feb 2016

Far East models show what can be achieved

EU could draw much more value into wider economy by promoting Greece’s shipping assets.

Weekly

10 Feb 2016

Lines braced for prolonged hardship

Analysts agree prospects look bleak for the containership sector in the next couple of years.

Liner Weekly

10 Feb 2016

Finish line in sight for Fred Olsen merger

Owner aims for Mayas chief financial officer denies timing is linked to the severe shipping slump

Finance Weekly

12 Feb 2016

Is Scorpio Bulkers looking to go private?

Annalisa Lolli-Ghetti's revised holding could suggest a new path awaits New York-listed owner.

Finance

17 Feb 2016

Top listed bulker owners to lose over $1bn

And there is no sign the situation is going to improve based on figures for 2016.

Dry cargo Weekly

19 Feb 2016

Havila ‘theoretically’ in lenders’ hands

For other owners, bond overhang likely to be the last straw that breaks the camel’s back.

Offshore Weekly

19 Feb 2016

Crew abandon sinking ship off Vietnam

Dry cargo Casualties

22 Feb 2016

Oil supply and demand align next year

Offshore Tankers

22 Feb 2016

SAAM makes first 2016 move with Damen tugs

Offshore

22 Feb 2016

Hijacked tanker freed by Nigerian navy

Tankers Piracy

22 Feb 2016

Maersk pens LNG fuel deal with Qatargas and Shell

Gas

22 Feb 2016

Sinotrans projects a ‘red’ 2015

Finance

22 Feb 2016

U-Ming heads to Oshima for kamsarmax duo

Dry cargo

22 Feb 2016

Genting linked to Nordic Yards buy

Ship Sales

22 Feb 2016

Algoma retiring five bulkers and a tanker

Finance Tankers

22 Feb 2016

LNG carrier berths at Sabine Pass

Gas

22 Feb 2016

Will bulker buyers party like its 1999?

Ship Sales Dry cargo

22 Feb 2016

Vogemann says supramax pool performing well

Dry cargo

22 Feb 2016

Deutsche Bank: dry cancellation ship has sailed

Dry cargo Ship Sales

22 Feb 2016

Vogemann says supramax pool performing well

Dry cargo

22 Feb 2016

WEEKLY

See full edition

Thursday, 21 January 2016

Layup calls clog phones as dry gloom grows

Greece flooded with 300 or more layup inquiries with major owners looking for spots around globe to wait out storm.

Dry cargo

21 Jan 2016

Shipping community welcomes back Iran

Former partners may be given a run for their money as Iran turned to Asia during the dark days of sanctions.

21 Jan 2016

Ditas to ink tankers at HHI for Iran trade

Hyundai Heavy Industries set to win the first tanker newbuildings deal linked to the easing of sanctions on Iran.

21 Jan 2016

Eastern Pacific inks MRs as expansion continues

Owner grows fleet with newbuildings in Japan and secondhand buys.

Tankers

21 Jan 2016

Mirae Asset Group linked to purchase of 10-strong fleet

Acquisition of eight bulkers and two boxships by asset manager would signals remarkable return to shipping.

Dry cargo

21 Jan 2016

Insurers battle to sign Iran tonnage

P&I clubs eager to resume NITC and IRISL cover despite outstanding issues after curtain came down on sanctions.

21 Jan 2016

TBS group co-founder McNelis quits

Long-term executive and co-founder Gregg McNelis has exited the New York company after more than 20 years.

Dry cargo

21 Jan 2016

WEEKLY

See full edition

Thursday, 28 January 2016

Valemax mastermind sidelined in Singapore

Key figure spearheading the building and putting into operation of Vale’s ore carriers is suddenly missing from his post.

Dry cargo

28 Jan 2016

Web News Round-up

CCL pool born from Capesize Chartering

Big bulker operators strengthen their co-operation in response to dire conditions in the dry-bulk market.

Dry cargo

28 Jan 2016

Wisdom in torching 2001-built bulker

German owner Oldendorff bites the bullet with demolition sale of capesize vessel to Bangladesh for $5.6m.

Dry cargo

28 Jan 2016

NITC gears up for action on global tanker stage

The Iranian tanker giant’s managing director tells TradeWinds what the industry can expect from the company.

Tankers

28 Jan 2016

BalticMax takes over swathe of feederships from German bank

Most of up to 32 ships being sold by Bremer Landesbank are on their way to being managed by Dutch operation set up by Vroon and OSM Maritime group.

Liner

28 Jan 2016

DSME mulls future of Daewoo-Mangalia

South Korean shipbuilder’s Romanian subsidiary will need to arrange its own refund guarantees in future.

28 Jan 2016

Elefsina port anchorage area sees first layups

Port authority has received hundreds of information requests from shipping agents, brokers and shipownners.

28 Jan 2016

Read
e-paper
here

WEEKLY

See full edition

Thursday, 04 February 2016

Panama Canal project enters home straight

Officials express confidence in a start-up in the second quarter of this year, although slippage in the schedule is still possible

04 Feb 2016

Japan in firing line amid fresh rate cuts

Small, family owned Japanese owners are facing more pain at a time when the dry cargo industry is bleeding

Dry cargo

04 Feb 2016

Zodiac sends another cape to breakers

UK-based owner continues to clear out 1990s-built capesize bulkers with the disposed of the Meynell.

Dry cargo

04 Feb 2016

Jaccar firms up first pair of VLECs in China

Company confirms the first two of a potential five-ship order worth around $650m at Dalian Shipbuilding Industry Offshore

Gas

04 Feb 2016

Glencore adds tankers to asset disposal efforts

Trader shifting out of what is likely to prove the more attractive shipping stock amid disinvestment drive to axe liabilities

Tankers

04 Feb 2016

Gloves off as BSP and Arkhangelsky trade blows

Bank St Petersburg claims the Oslo Marine Group chief executive is liable for $90m in loan guarantees

04 Feb 2016

Marmaras close to Sungdong capes

Greek owner on the verge of settling row with Korean yard over technical issues

Dry cargo

04 Feb 2016

Read
e-paper
here

WEEKLY

See full edition

Thursday, 11 February 2016

P&I renewal season sparks into life

Gard voyages into cruise market as cargoship owners make waves in what started off as a quiet round for protection and indemnity.

11 Feb 2016

Oskar Wehr seeks court protection

German owner begins insolvency proceedings as it launches restructuring of non-KG-owned bulk carriers.

Dry cargo Finance

11 Feb 2016

Flow of layups accelerates

More than 20 ships are now laid up or idling at Elefsina, with better-known shipping names coming into view.

Dry cargo

11 Feb 2016

Radziwill company Bretta puts suezmaxes up for sale

Tanker market interests question who will step forward as a buyer for quartet while tanker asset values remain under pressure.

Tankers

11 Feb 2016

Star Bulk to dispose of ultramax fresh from yard

New York-listed Star Bulk Carriers may now be turning its attention towards divesting freshly delivered smaller bulkers.

Dry cargo

11 Feb 2016

Mitsui hit by $95m loss on Teekay order

Mitsui Engineering & Shipbuilding (MES) has taken over a contract to build four anchor handlers.

Offshore

11 Feb 2016

Tidewater sees limits to cost cutting

Scores of layups and aggressive cost-cutting have pushed up vessel margins.

Offshore

11 Feb 2016

Read
e-paper
here

WEEKLY

See full edition

Thursday, 18 February 2016

CMA CGM gears up for massive spend

French liner operator is gearing up to book up to nine ultra large containership newbuildings and a quartet of feederships.

18 Feb 2016

French carrier ready to trigger alliance shake-up

Valemaxes a money-loser for Shandong

Deal to operate four ore carriers had a fuel-cost time bomb and has not been producing the intended margin.

Dry cargo

18 Feb 2016

MOL joins as charter rejigs top 300

Listed operators are asking to renegotiate charter contract terms on huge numbers of bulkers and boxships.

Liner

18 Feb 2016

Paragon Shipping prepares US bankruptcy filing

New York-listed outfit readies paperwork for Chapter 11 filing — but is keen to find an alternative route

Finance

18 Feb 2016

Project-backed tanker interest excites lifeless newbuild sector

Talk of enquiry for project-backed suezmax and aframax tanker tonnage is providing some crumbs of interest for order-starved shipyards.

18 Feb 2016

Banks promise tough love on loans

Senior bank officials warn a gathering in Athens that regulators will force lenders to recognise bad loans.

Finance

18 Feb 2016

Economou predicts no recovery before 2018

US-listed drilling contractor Ocean Rig this week confirmed the termination of two ultra-deepwater rigs contracts.

Offshore

18 Feb 2016

Read
e-paper
here

OPINION

See all articles

China shows its hand with mega-merger

Restructuring shows China is adapting to free markets — but the desire for central control remains

Weekly

18 Dec 2015

IMO has to get cracking post Paris

Fuel efficiency is now not about regulation for shipowners, it is about self-preservation

Weekly

18 Dec 2015

There won’t be another year like 2007

Slumping commodity prices, slowing Chinese growth and emerging market strain means no quick fix

Weekly

07 Jan 2016

Storm not over so keep your belts fastened for Flight 2016

Ride smoothest for tanker owners sitting up front; bulker owners to get thrown around in the tail

Weekly

07 Jan 2016

Is there a future for seafarer centres?

Fresh thinking is needed to ensure the survival of a key link in the welfare chain, writes Roger Harris

Weekly

06 Jan 2016

Warning signals flash brighter

Falling commodity prices, economic uncertainty in China and currency weaknesses hint that a deeper crisis is looming.

Weekly

14 Jan 2016

No surprise brokers are back in firing line

There appear to be too many brokers for the amount of global business available and it will take more than charm to save some of them.

Weekly

14 Jan 2016

Full impact of sanctions lifting will be significant

All eyes on the Middle East and new opportunities for shipping and trade as Iran comes in from cold

Weekly

21 Jan 2016

Club management faces moment of truth

Renewal season has sparked tough questions about whether the governance of clubs is up to scratch

Weekly

21 Jan 2016

Asian authorities should back LNG bunkering

Kohe Hasan of Reed Smith says Asian players should work together to get an LNG fuelling initiative running

Weekly

22 Jan 2016

Offshore needs to be pared to the bone

All those newbuildings ordered when the oil price was $100 are coming home to roost.

Weekly

28 Jan 2016

Darkest before dawn for global economy

Extreme market volatility has prompted fears of a new global recession but is the pessimism overdone?

Weekly

27 Jan 2016

Owners and financiers should enter new territory together

Jeff Wilson says due diligence of opex can ensure successful restructuring, allowing owners to retain fleets

Weekly

03 Feb 2016

Order drought leaves yards high and dry

An unprecedented slow start to ordering this year will raise fresh questions over shipyard viability and prices

Weekly

03 Feb 2016

Brussels should back off Greece at uncertain time

I totally support Theodore Veniamis’ outburst against Europe for its attack on Greek maritime tax policies

Weekly

03 Feb 2016

Payout cuts and killing the dividend of trust

Companies that betray bold promises to maintain big dividend payouts threaten to undermine trust in an entire industry.

Weekly

10 Feb 2016

Shell and BG union could end up being a curse

Given the recent crash in gas prices in tandem with crude oil, it’s hard to say how this mega-merger will pan out.

Weekly

10 Feb 2016

Global crude output key tanker factor

Increased production and Iran exports following sanctions easing is raising hopes.

Weekly

18 Feb 2016

Motivate your team to reach goals faster

Would you allow your vessel to leave port without telling the crew where they’re going?

Weekly

17 Feb 2016

Baltic Exchange silence speaks volumes

A tumultuous six months has fuelled a cacophony of chatter about the fate of the Baltic.

Weekly

17 Feb 2016

CHARTERING REPORTS

Tankers

Stable week for tankers

Aframaxes lose ground, while most other tanker sectors move only slightly this week.

VLCCs
Aframaxes
LR1s

21 Feb 2016

Dry cargo

A week of improvement

Panamaxes and supramaxes helped the BDI up for five successive sessions.

Capesize
Panamax
Supramax

19 Feb 2016

Containers

ConTex remains stable

The ConTex Time Charter Index remained unchanged following a mixed day for boxship rates.

4,250 teu
2,700 teu
1,100 teu

18 Feb 2016

Offshore

PSV tonnage tightens

Rates have risen for supply ships as Norway sold out of vessels.

AHTS
Large PSV
Small PSV

19 Feb 2016

United Kingdom	GBP 1,135
Europe and Africa	EUR 1,580
Norway	NOK 13,750
Asia and Americas	USD 2,035

United Kingdom	GBP 700
Europe and Africa	EUR 950
Norway	NOK 8,650
Asia and Americas	USD 1,225

INSIGHT

TRENDING THIS WEEK

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