TradeWinds
Shipping Index
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Sanko under siege

Tokyo shipping clan loses ground in fight to defend assets from arrest as John Fredriksen-backed owner joins claimant queue.
01:02 GMT, 19 May 2012
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Berlian Laju targets renegade creditor

Emotions run high on the heels of Texas tanker seizure as reignited $55m charter battle escalates.

20:14 GMT, 18 May 2012
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Eimskip steps up listing plan

Restructured Icelandic container line targets fourth quarter for IPO on Nasdaq OMX.

15:32 GMT, 18 May 2012
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Getting cheek to cheek with a wealthy Greek

When stubble gets in the way at the ball, explosive LNG carriers, Greeks bearing gifts and a shipping guru who swapping a desk for a tractor.

15:43 GMT, 18 May 2012
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Kyoei Tanker on comeback trail

Japanese VLCC owner expects small gain to next March, turning around loss in previous year.

14:35 GMT, 18 May 2012
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Vinalines bosses arrested after losses

In echo of Vinashin case, state owner’s ex-chairman Duong Chi Dung and others held in Vietnam over alleged financial mismanagement

11:48 GMT, 18 May 2012
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Where's all the cash gone?

Nobu Su seems to have left his wallet at home but others are splashing out.

11:56 GMT, 18 May 2012
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Essar Shipping back to black

Diversified Indian owner leaves red ink behind as long-term charters boost shipping revenue.

14:52 GMT, 18 May 2012
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Norwegian Car Carriers back for more

Oslo-listed owner selling another chunk of shares in follow up placement.

13:54 GMT, 18 May 2012
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Sasebo halts Sanko newbuilding

Japanese yard stops construction of cash-strapped owner's VLGC due for delivery next December.

10:36 GMT, 18 May 2012
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Stena ferry collapses box crane

Three port workers injured in Poland as Stena Spirit hits gantry at Gdynia.

12:47 GMT, 18 May 2012
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Fesco is $1bn takeover target

Ports group Summa linked to huge deal to buy Sergei Generalov’s containership and bulker company.

09:03 GMT, 18 May 2012
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Greek owners ride to the rescue?

Union of Greek Shipowners urges wealthy members to dig deep in pockets to help compatriots suffering from cutbacks.

09:27 GMT, 18 May 2012
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John Dragnis prepares to scrap

Boss of Greece’s Goldenport says attractive demolition prices mean more older ships could leave fleet.

10:10 GMT, 18 May 2012
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ICG losses grow as costs rise

Higher fuel bills still hurting Dublin-based owner of Irish Ferries, but passenger numbers up.

11:00 GMT, 18 May 2012
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What did bulker captain see?

Jury to decide whether Gaurav Prem's master knew that plastic pipes were being dumped off Alabama.

06:32 GMT, 18 May 2012
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Greek tanker held in Nigeria

Takoradi and 11 crew detained over alleged smuggling of petrol in Lagos.

07:41 GMT, 18 May 2012
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P&O enters floatel trade

Ferry operator has converted a ro-ro vessel to support technicians working on a wind farm in the North Sea.

02:51 GMT, 18 May 2012
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Japan in weak start to 2012

The nation’s shipbuilders have made the second to worst start to a fiscal year in over a decade, figures show.

06:17 GMT, 18 May 2012
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D’Amico doubles down on eco-bulkers

Cesare d’Amico says design is a game-changer as banks flock to finance $267m worth of dry newbuilds inked at Chinese yard.

18:21 GMT, 17 May 2012
Chartering
free news
Tankers

VLCC earnings improved $3,000 per day on Friday from the Persian Gulf to Asia.

VLCC:

up

Suezmax:

down

Aframax:

even

13:20 GMT, 18 May 2012
Dry Cargo

Capesizes continue to close the gap on panamaxes following another day of contrasting fortunes.

Capesizes:

up

Panamaxes:

down

Supramaxes:

up

15:31 GMT, 16 May 2012
Containers

Hamburg Shipbrokers' Association's new ConTex containership chartering index up three at 408.

4,250 teu:

up

2,700 teu:

up

1,100 teu:

up

17:27 GMT, 15 April 2012
Offshore

A number of anchor handlers are still idle and the situation could be about to get worse.

AHTS:

even

Large PSV:

even

Small PSV:

even

15:18 GMT, 18 May 2012
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Navios unit dodges bareboat bullet

Navios South American Logistics avoids $30m product tanker raid by locking duo up for another four years.

00:30 GMT, 18 May 2012
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Craig fixes ERRV newbuilds

UK shipowner has secured employment for a series of four emergency response vessels on order in Spain.

01:24 GMT, 18 May 2012
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Teekay Corp back in black

Better rates and lower costs boost US-listed tanker and LNG carrier giant’s bottom line.

14:27 GMT, 17 May 2012
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Maersk Line hikes LatAm rates

Danish liner giant looks to recover higher operating costs on Latin American market with increased charges.

04:05 GMT, 18 May 2012
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Frangou monitors S&P scene

Unsettling trends in sale-and-purchase environment on exec’s radar as Navios Holdings prepares for prudent expansion push.

22:50 GMT, 17 May 2012
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Premuda widens its Q1 loss

Italian owner blames falling tanker and bulker rates for worse start to 2012.

06:57 GMT, 18 May 2012
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GasLog profit falls after New York IPO

Peter Livanos-led company sees first quarter dip and expects earnings to stay flat until newbuild arrives in January.

15:01 GMT, 17 May 2012

Maersk culture change

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Kentucky kicker steals the spotlight

Dry researcher raises concerns about declining US coal production as NewLead Holdings gets cooking in the ‘Bluegrass’ state.

17:28 GMT, 17 May 2012
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TOO takes flight in the first

Teekay Offshore ready to ride the acquisition train while dishing out dividends following quarterly gain as liquidity tops $436m.

14:55 GMT, 17 May 2012
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Yuri Nikitin must stand trial again

UK judge rejects bid to boot out Novoship's allegations of bribery against Russian businessman.

12:25 GMT, 17 May 2012
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Sembcorp Marine bags upgrade work

Singapore-listed company’s Sembawang Shipyard to pocket $100m to revamp two LNG carriers and an FSO.

11:32 GMT, 17 May 2012
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Seaspan Corp beats the Street

Gerry Wang-led boxship owner sees earnings come in ahead of analysts estimates.

10:04 GMT, 17 May 2012
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Derivatives dent Teekay LNG

Financial losses push down first quarter profit at LNG arm of Teekay empire.

15:25 GMT, 17 May 2012
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California ports data mixed

US ports of Los Angeles and Long Beach have reported very different performances for the month of April.

04:02 GMT, 17 May 2012
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Drewry down on suezmaxes

UK research group pulls no punches in its latest assessment of the prospects for mid-size tanker segment.

06:41 GMT, 17 May 2012
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Heilan Cruiser saved from pirates

Attack on Nasco bulker newbuilding thwarted by Iranian warship in Sea of Oman.

07:26 GMT, 17 May 2012
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Officer was just following orders

Mercator Lines bulker crewman tells US court captain ordered him to dump plastic pipes overboard as Gaurav Prem trial begins.

06:28 GMT, 17 May 2012
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Murmansk heads into the red

Russian tanker owner makes small loss in first quarter as revenue drops 10%.

08:28 GMT, 17 May 2012
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BP Shipping confirms PSV quartet

Oil giant admits to building four platform supply vessels at Hyundai Mipo for North Sea operations.

13:56 GMT, 17 May 2012
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Aussie fund sells port stake

Australian infrastructure fund is offloading its 50% stake in eastern Australian port after twelve years.

06:12 GMT, 17 May 2012
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Hallin Marine fixes Outer Limit

UK offshore vessel operator charters innovative catamaran subsea and offshore operations support craft.

05:36 GMT, 17 May 2012
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